Bengaluru, 16th February, 2024: Bajaj Allianz Life Insurance, one of the leading private life insurer, introduces a comprehensive plan that empowers customers to unlock guaranteed early income. Setting a new standard for financial protection and income stability, Bajaj Allianz Life Assured Wealth Goal Platinum offers early guaranteed payouts starting as early as the beginning of second policy year. It’s value-packed features empowers individuals to tailor their financial needs to achieve a diverse range of life goals early, whether covering a child’s education expenses or going on a vacation.

In addition to providing the primary assurance of life cover, this life insurance plan offers a myriad of features, making it the suitable choice for customers seeking both guarantee and flexibility. This non-linked, non-participating individual life insurance and savings plan presents customers with a distinctive option to utilize early guaranteed income payouts for immediate goals or accumulate the income and take a lumpsum at the maturity of the policy or for adjusting / offsetting their renewal premiums. The product also provides continued income and an enhanced Return of Premium to ensure financial security for the nominee in the unfortunate event of the policyholder’s demise during the income period.

Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life, said, “At Bajaj Allianz Life, our goal is to provide insurance and investment solutions for an expansive and diverse customer segment. There’s a significant segment that seeks stability amidst volatility, coupled with the flexibility, and Bajaj Allianz Life Assured Wealth Goal Platinum is the suitable fit for them. This policy offers peace of mind for individuals and families navigating today’s economic challenges. They enjoy the best of both worlds – guarantee and flexibility – empowering them to fulfill not only their long-term but also short-term life goals. We will continue to revisit our product portfolio, innovating to stay ahead of the ever-evolving economic environment and customer needs.”

The plan works in two simple steps: First, you decide the premium amount and the duration for which you wish to pay it, providing flexibility based on your financial capacity. Second, you choose the income start year and how long you wish to receive the income, allowing you to align the payouts with your specific financial milestones or needs.

Key features of Bajaj Allianz Life Assured Wealth Goal Platinum – Smart Income

• Early guaranteed income starting as early as beginning of 2nd year
•   Option to decide your Income start year and Income period
•  Option to use the early income to pay the renewal premiums or accumulate and take as a lumpsum
•  Life Cover to protect your family against uncertainties
•   Choice of 5 riders- Bajaj Allianz Accidental Death Benefit Rider, Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider, Bajaj Allianz Critical Illness Benefit Rider, Bajaj Allianz Family Income Benefit Rider, Bajaj Allianz Waiver of Premium Benefit Rider for comprehensive protection
•  Avail tax benefits as per prevailing tax laws