Insurance
Life Insurance
Traditional Plans
Bajaj Allianz Life POS Goal Suraksha

At a glance

Your family's security and its future well-being is one of the most treasured dreams in your life. But when Security is backed up by a guarantee1, your dream can transform into an achievable GOAL. Presenting Bajaj Allianz Life POS Goal Suraksha, an easy to buy, non-linked, life, individual, non-participating, limited premium payment, non-medical, POS savings plan that secures you and your family against all odds with a life cover and a guaranteed1 sum at maturity.

Product Features

Maturity Benefit

On the maturity date, if all premiums are paid, the Guaranteed Sum Assured on Maturity# plus Guaranteed Additions, under your policy, will be paid and the policy will terminate.

Guaranteed Additions

On maturity date, if all due premiums have been paid, Guaranteed Additions as a multiple of one Annualized Premium will be paid along with the maturity benefit. Guaranteed additions will not be payable in case of a lapsed or paid-up policy.

Death Benefit

In case of unfortunate death of the Life Assured due to accident during the waiting period$ or in case of death of the Life Assured after the waiting period$ due to any cause, the death benefit is payable to the nominee(s)/beneficiaries. Such death benefit is stated as Sum Assured on Death which is as below.

The Sum Assured on Death is the higher of:

(i) Sum Assured Multiple X Annualized Premium, (ii) Sum Assured,

In case of death of the Life Assured during the Waiting period$ other than due to an accident, the death benefit payable to the nominee(s)/beneficiaries will be the 100% of Total Premiums paid till date, excluding any extra premium & Goods & Service Tax/any other applicable tax levied, subject to changes in tax laws.

At no time the Death Benefit will be less than Guaranteed Death Benefit of 105% of the Total Premiums paid up to the date of death. The policy will terminate on payment of the death benefit.

The death benefit is payable provided the policy is in-force and all due premiums have been paid.

SA multiple allowed under the product are:

Age

SA Multiple

0-49

7 or 10

50-55

5 or 10

Low Cover Mark-up

At the inception of the policy, if you opt for a sum assured multiple of 7 / 5 times the Annualized Premium, you shall receive a “Low Cover Mark-up” wherein you will be able to enjoy additional Guaranteed Additions resulting into a higher Maturity Benefit.

Advantages

  • Guaranteed1 maturity benefit
  • Option to take policy loan
  • Offers guaranteed1 additions at maturity
  • Limited premium payment term
  • Option to alter premium payment mode
  • Tax Benefits - As per applicable tax laws as amended from time to time. You are requested to consult your tax consultant and obtain independent advice for eligibility and before claiming any benefit under the policy.

Disclaimer

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS - IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police

Bajaj Allianz Life Insurance Company Limited.

Risk Factors and Warning Statements: Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz Life POS Goal Suraksha are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale. Bajaj Allianz Life POS Goal Suraksha - A Non Linked, Non Participating, Individual, Life Insurance Savings Plan. Regd. Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006.Reg. No.: 116. CIN : U66010PN2001PLC015959 | Mail us : [email protected] | Call on : Toll free no. 1800 209 7272 | Bajaj Allianz Life POS Goal Suraksha (UIN: 116N155V13), The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo. All charges/ taxes, as applicable, will be borne by the Policyholder.

1Conditions apply – The guaranteed benefits are dependent on policy term, premium payment term availed along with other variable factors.

Annualized Premium shall be the premium amount payable in a year chosen by the policyholder excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. Total Premium paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly

#Guaranteed Sum Assured on Maturity is (110%*Premium Payment Term) times the Annualized Premium

$Waiting period is the first 90 days from the date of commencement of risk. Waiting period is not applicable in case of revival.

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Bajaj Allianz Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Bajaj Allianz Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis, and is not linked to availment of any other facility from the bank.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

BJAZ-WP-ECNF-10568/24

UIN: 116N155V13

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