POS Goal Suraksha
  • Guaranteed additions
  • Limited payment term
  • Alter payment modes
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POS Goal Suraksha

Bajaj POS Goal Suraksha Plan by Bajaj Allianz Life Insurance is a combination of a life insurance plan as well as a savings plan. It provides death benefits to your loved ones in case of your unfortunate demise while also helping to save money for future financial goals in case you outlive the policy term.

This plan offers you various benefits including:

why-choose
  • Maturity benefits,
  • Death benefits,
  • Guaranteed additions that increase maturity amount,
  • Limited payment terms,
  • Option to alter premium payment mode,
  • Loan on policy, etc.

This investment plan can be your ideal choice if you want the benefits of life coverage along with a lump sum amount that helps you fulfill your future financial obligations. This article provides you with complete details about this plan including eligibility criteria for buying, features, benefits, buying process, etc.

Eligibility Criteria for POS Goal Suraksha

Your Occupation

Entry age

Minimum Age - 0 years Maximum Age - 55 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 65 years

Your Gender

Policy tenure

10,12,15, 20 years

Maternity Benefit Rider

Premium payment term

5,6,7,8,10,12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Monthly, Quarterly, Half-yearly, and Yearly

Maternity Benefit Rider

Sum assured

Minimum- Rs 30,000 Maximum- Rs 25 lakhs

How Does Bajaj Allianz POS Goal Suraksha Plan Work?

Let’s understand how the Bajaj POS Goal Plan works with the help of a simple illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for a savings plan that provides him guaranteed returns along with return on the amount he has invested.

Solution

His financial advisor advised him to buy the Bajaj Allianz Life POS Goal Suraksha Plan to get the dual benefits of a life insurance plan and a savings plan. 

Let's understand how the Bajaj Allianz Life POS Goal Suraksha Plan works for him with a premium illustration table.

Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Basic sum assured Guaranteed additions Maturity benefits
40 years Rs. 5,000 15 years 10 years Rs 50,000 Rs 50,000 Rs 39,400 Rs 89,400

Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.

Features of POS Goal Suraksha

Here are some features of POS Goal Suraksha:

Bajaj Allianz Investment Plans

Bajaj Allianz's Assured Wealth Goal is a non-linked, non-participating life insurance savings plan. It offers the dual benefit of saving and insurance...

Unique Features

  • Joint life cover
  • Six variants options
  • Regular guaranteed income

Bajaj Allianz Assured Wealth Goal (Pros)

Bajaj Allianz Assured Wealth Goal
  • Joint life cover
  • Six variants options
  • Regular guaranteed income

Bajaj Allianz Assured Wealth Goal (Cons)

Bajaj Allianz Assured Wealth Goal
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Bajaj Allianz Assured Wealth Goal (Other Benefits)

Bajaj Allianz Assured Wealth Goal
  • Death Benefits
  • Maturity Benefits
  • Tax Benefits

Bajaj Allianz Assured Wealth Goal (Eligibility Criteria)

Bajaj Allianz Assured Wealth Goal
  • Minimum entry age- 0 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 30000
  • Maximum sum assured- No limit
  • Maximum policy term- 44 years

Bajaj Allianz Flexi Income Goal is a non-linked, participating, guaranteed income Life insurance plan. It offers the dual benefit of insurance and sav...

Unique Features

  • Life cover up to 99 years
  • Joint life cover
  • Regular steady income

Bajaj Allianz Flexi Income Goal (Pros)

Bajaj Allianz Flexi Income Goal
  • Life cover up to 99 years
  • Joint life cover
  • Regular steady income

Bajaj Allianz Flexi Income Goal (Cons)

Bajaj Allianz Flexi Income Goal
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Bajaj Allianz Flexi Income Goal (Other Benefits)

Bajaj Allianz Flexi Income Goal
  • Cash bonuses
  • Death Benefits
  • Maturity Benefits

Bajaj Allianz Flexi Income Goal (Eligibility Criteria)

Bajaj Allianz Flexi Income Goal
  • Minimum entry age- 0 years
  • Maximum entry age- 99 years
  • Minimum sum assured- Rs 158400
  • Maximum sum assured- Rs No limit
  • Maximum policy term- 60 years

Bajaj Allianz Life Guaranteed Income Goal by Bajaj Allianz Life Insurance is a non-linked savings life insurance plan. It offers the dual benefit of s...

Unique Features

  • Guaranteed returns
  • Choice of two variants
  • Policy loan available

Guaranteed Income Goal (Pros)

Guaranteed Income Goal
  • Guaranteed returns
  • Choice of two variants
  • Policy loan available

Guaranteed Income Goal (Cons)

Guaranteed Income Goal
  • Suicide not covered
  • Aviation accidents not covered
  • Adventurous activities not covered

Guaranteed Income Goal (Other Benefits)

Guaranteed Income Goal
  • Guaranteed increasing income
  • Extended life cover
  • Flexible policy and premium payment term

Guaranteed Income Goal (Eligibility Criteria)

Guaranteed Income Goal
  • Entry Age: Minimum Age - 6 years Maximum Age - 60 years
  • SA: No limit
  • Maximum Maturity Age - 72 years

Bajaj POS Goal Suraksha Plan by Bajaj Allianz Life Insurance is a combination of a life insurance plan as well as a savings plan. It provides death be...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

POS Goal Suraksha (Pros)

POS Goal Suraksha
  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

POS Goal Suraksha (Cons)

POS Goal Suraksha
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

POS Goal Suraksha (Other Benefits)

POS Goal Suraksha
  • Policy loan
  • Tax benefits
  • Death benefits

POS Goal Suraksha (Eligibility Criteria)

POS Goal Suraksha
  • Minimum entry age- 0 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 30000
  • Maximum sum assured- Rs 25 lakhs
  • Maximum policy term- 20 years

Bajaj Allianz Life Income Assure Plan by Bajaj Allianz Life Insurance is a participating savings plan offering guaranteed regular monthly income and a...

Unique Features

  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate

Income Assure (Pros)

Income Assure
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate

Income Assure (Cons)

Income Assure
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Income Assure (Other Benefits)

Income Assure
  • Choice of 2 life cover variants
  • Flexibility to choose premium payment term
  • Special premium rates for women

Income Assure (Eligibility Criteria)

Income Assure
  • Minimum entry age- 0 years
  • Maximum entry age- 50 years
  • Minimum sum assured- 144 times of Guaranteed Monthly Income
  • Maximum sum assured- No limit
  • Maximum policy term- 24 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of Bajaj Allianz POS Goal Suraksha

There are various benefits to buying the POS Goal Suraksha Plan. Let’s understand each of them in detail:

  • Maturity benefits: POS Goal Suraksha Plan offers you maturity benefits if you outlive the policy tenure. These benefits help you complete your financial goals and requirements.
  • Death benefits: In case of the policyholder’s uncertain demise, death benefits are paid to their loved ones so that they can live a comfortable lifestyle.
  • Guaranteed additions: Bajaj Allianz POS Goal Suraksha offers you guaranteed additions along with the maturity amount. These benefits are paid for only active policies.
  • Limited payment term: You have to make premium payments under this plan for a limited time while you enjoy coverage for a long time.
  • Alter premium payment modes: You can alter your premium payment modes between the policy tenure. The frequency term includes monthly, quarterly, half-yearly, and yearly.

Documents Required to Buy Bajaj Allianz POS Goal Suraksha

Here is the list of documents required to buy the POS Goal Suraksha Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy POS Goal Suraksha?

You can buy the POS Goal Suraksha official website or one of their nearest branch offices.

 

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of Bajaj Allianz.

  • Step 2

    Hover over the ‘Plans’ and click on ‘Saving Plans’.

  • Step 3

    Click on ‘Online Plans’ and choose 'Bajaj Allianz Life POS Goal Suraksha Plan'

  • Step 4

    Click on ‘Know More’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the Bajaj Allianz Life POS Goal Suraksha Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of Bajaj Allianz Life POS Goal Suraksha Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Plan At a Glance

What’s Good Here What’s Missing
Guaranteed additions Premium Offset
Limited payment term High sum assured rebate
Choice to alter the premium payment mode Auto cover continuance
Option to take a policy loan Top-up premium

In a nutshell

If you are looking for an insurance plan that not only protects your family financially but also provides maturity benefits if you outlive the policy tenure then you can consider buying Bajaj Allianz POS Goal Suraksha Plan. This plan offers you guaranteed additions along with maturity benefits. If you are still confused about whether buying this plan is right for you or not then you can contact us at PolicyX.com. One of our insurance experts will reach you shortly, understand your requirements, and help you choose the plan that best suits your requirements and needs.

Bajaj Allianz Life POS Goal Suraksha Plan:FAQs

1. What is the maximum sum assured available under the Bajaj POS Goal Suraksha Plan?

A maximum sum assured of Rs 25 lakhs is available under the POS Goal Suraksha Plan.

2. How to buy the Bajaj POS Goal Suraksha Plan?

You can buy the Bajaj POS Goal Suraksha Plan either from their official website or their nearest branch office.

3. Can I avail of a loan against my Bajaj Allianz POS Goal Suraksha Plan?

Yes, you can avail of a loan against the POS Goal Suraksha Plan once your policy acquires the surrender value.

4. What is the minimum annual premium of Bajaj Allianz POS Goal Suraksha Plan?

The minimum annual premium of the POS Goal Suraksha Plan is Rs 3,000.

5. Can I surrender my Bajaj Allianz POS Goal Suraksha Plan?

Yes, you can surrender your POS Goal Suraksha Plan and avail of guaranteed surrender value if you have paid premiums for a minimum of two years.

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Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.