Bajaj Allianz Life has launched Bajaj Allianz Life Smart Protect Goal, a pure term plan that offers life cover of Rs 1 crore at a premium of Rs 13 per day.
Note: The premium is applicable to a 25-year-old non-smoker who buys this policy directly through company’s website.
The policy comes with critical illness cover.
Here are different premium rates across age and tenure:
|
Age |
PT |
PPT |
Gender |
Mode |
Sum assured |
Premium (before tax) |
|
25 |
30 |
30 |
Male |
Annual |
1 crore |
4764 |
|
25 |
30 |
30 |
Female |
Annual |
1 crore |
4356 |
|
30 |
30 |
30 |
Male |
Annual |
1 crore |
5960 |
|
30 |
30 |
30 |
Female |
Annual |
1 crore |
5149 |
|
30 |
40 |
40 |
Male |
Annual |
1 crore |
6788 |
|
30 |
40 |
40 |
Female |
Annual |
1 crore |
5789 |
The term plan provides life cover until the age of 85. There is also an option to choose for a whole life cover until the age of 99 years to ensure continuity of life goals for a longer period.
The term plan also gives the option to choose a child education extra cover to take care of the education expenses of the child, if something were to happen to the parent (Life Assured) before the child turns 25 year of age. This can be taken for any number of children, as long as the age of child is less than 18 years.