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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:
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.
Minimum Age - 0 years Maximum Age - 55 years
Maximum Maturity Age - 65 years
10,12,15, 20 years
5,6,7,8,10,12 years
Monthly, Quarterly, Half-yearly, and Yearly
Minimum- Rs 30,000 Maximum- Rs 25 lakhs
Let’s understand how the Bajaj POS Goal Plan works with the help of a simple illustration.
Mr. Verma is looking for a savings plan that provides him guaranteed returns along with return on the amount he has invested.
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.
Here are some features of POS Goal Suraksha:
You can avail of loan against your Bajaj Allianz POS Goal Suraksha Plan. The maximum loan amount is 80% of the surrender value of the policy.
This plan provides the option to change your premium payment frequency during the policy tenure.
You can revive your lapsed policy if the revival is made within first 5 years of last unpaid premium.
You will have a free look period of thirty (30) days to cancel the policy if you are not satisfied with the same.
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There are various benefits to buying the POS Goal Suraksha Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the POS Goal Suraksha Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the POS Goal Suraksha official website or one of their nearest branch offices.
Visit the official website of PolicyX.com
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Bajaj Allianz.
Hover over the ‘Plans’ and click on ‘Saving Plans’.
Click on ‘Online Plans’ and choose 'Bajaj Allianz Life POS Goal Suraksha Plan'
Click on ‘Know More’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
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.
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 |
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.
A maximum sum assured of Rs 25 lakhs is available under the POS Goal Suraksha Plan.
You can buy the Bajaj POS Goal Suraksha Plan either from their official website or their nearest branch office.
Yes, you can avail of a loan against the POS Goal Suraksha Plan once your policy acquires the surrender value.
The minimum annual premium of the POS Goal Suraksha Plan is Rs 3,000.
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.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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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.
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February 5, 2023
Asia/Kolkata
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