To access the old website
Click Here
/axis-bank_rewamp-life-insuran-bajaj-allianz-life-longlife-goa-360x400-mobee8000ec-e61b-4b72-b974-2ba9d384cfc9.webp "Bajaj Allianz Life LongLife Goal")
Bajaj Allianz Life LongLife Goal
Maintaining your pre-retirement lifestyle long into your golden years is the primary goal for most of us, especially for those who are planning an early retirement. Understandably, early retirement demands an income booster as well as investments that offer higher returns. A Unit Linked Insurance Plan (ULIP) can be an ideal investment choice as it provides better returns along with the security of a life cover.
Bajaj Allianz Life LongLife Goal, a non-participating, life, individual whole of life unit linked regular premium payment endowment plan, helps you acquire a healthy retirement corpus by investing your money in market-linked investment instruments over a long-term. Features such as periodic return of mortality charges and loyalty additions help in boosting the returns to help you realise your dream life.
Features & Benefits
Key benefits of the Bajaj Allianz Life LongLife Goal
Retired life income option
Receive income till the age of 99 years in the form of periodic instalments boosted by Return Enhancer in line with policy terms and conditions.
Whole of life insurance cover
Enjoy a life cover till age 99 years
Two plan variants
You can choose between LongLife Goal without Waiver of Premium and LongLife Goal with Waiver of Premium variants.
Periodic return of mortality charges1
The charges for providing life cover are returned after every ten years beginning with
Read MoreWaiver of premium
In case of accidental permanent total disability or death of the policyholder (when the life assured & policyholder are different)
Read MoreLoyalty addition
From the end of the fifth policy year, a percentage of one annualized premium will be added
Read MoreFour investment strategies
The plan has four investment portfolio strategies: Investor Selectable Portfolio Strategy,
Read MoreEight fund options
Under the Investor Selectable Portfolio Strategy, the policyholder can opt from eight fund
Read More
Periodic return of mortality charges1:
The charges for providing life cover are returned after every ten years beginning with the attainment of 60 years of age or 15th policy year, whichever is later.
Waiver of premium
In case of accidental permanent total disability or death of the policyholder (when the life assured & policyholder are different) and in case of accidental permanent total disability of policyholder (when the life assured & policyholder are same), the premiums due for the rest of the policy term are waived and the policy will continue with all the benefits.
Loyalty addition
From the end of the fifth policy year, a percentage of one annualized premium will be added to the fund value every year till the end of 25th policy year, provided all due regular premiums have been paid.
Four investment strategies
The plan has four investment portfolio strategies: Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy II, Trigger Based Portfolio Strategy, and Auto Transfer Portfolio Strategy.
Eight fund options
Under the Investor Selectable Portfolio Strategy, the policyholder can opt from eight fund options depending on their risk appetite and need.
Bajaj Allianz Life LongLife Goal Steps to buy
- 01
Choose the plan variant (LongLife Goal with Waiver of Premium OR LongLife Goal without Waiver of Premium)
- 02
Choose the premium amount
- 03
Opt for a portfolio strategy as per your life goals
- 04
Choose among eight fund options, if you are opting for Investor selectable Portfolio Strategy
- 05
Pay the premium via multiple online payment options
Important Links
Frequently Asked Questions
You can get regular payment through systematic partial withdrawal in the RLI option. You can opt to obtain RLI at any policy anniversary after 10th policy year or when you turn 55, whichever is later.
Here, a percentage of your fund value (ranging from 0 to 12% per annum), as opted by you is paid yearly, half-yearly, quarterly or monthly. The instalment is paid by redeeming units from the funds in the same proportion as the fund value in each fund and will be redeemed at the unit price applicable on the date of each RLI instalment.
RLI payment is through Systematic Partial Withdrawal and the percentage can be changed anytime during the policy term or even after starting RLI.
However, the fund value after payment of the instalment of RLI should not drop below 105% of total premiums paid till date.
The PROMC enhances your returns by periodically adding back the mortality charges to the fund value.
The first addition is when the policyholder attains 60 years of age or at the end of the 15th policy year, whichever is later.
The next additions are at the end of each subsequent 10th year, and the last addition is on the date of maturity.
However, PROMC is not applicable in case of a surrendered, discontinued or paid-up policy and will be payable provided all due premiums under the policy have been paid up to date.
Related Products
Life Insurance Corporation Of India
Choose from a wide range of Life Insurance Solutions tailor-made for every stage of your life.
Learning Hub
Look through our knowledge section for helpful blogs and articles.
Copyright@ 2025 Axis Bank