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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Bajaj Life POS Goal Suraksha - Eligibility
| Parameter | Details | ||||||||||||||
| Minimum Entry Age | 0 years On attaining the age of majority, i.e., 18 years, the Policy will vest on Life Assured |
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| Maximum Entry Age | 55 years | ||||||||||||||
| Minimum Age at Maturity | 18 years | ||||||||||||||
| Maximum Age at Maturity | 65 years | ||||||||||||||
| Policy Term (PT) & Premium Payment Term (PPT) | PT (In years) | 10 | 12 | 15 | 20 | ||||||||||
| PPT (In years) | 7 | 6, 7, 8 | 5, 6, 7, 8, 10 & 12 | 5, 6, 7, 8, 10 & 12 | |||||||||||
| Minimum Premium |
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Maximum Premium |
As per Maximum Sum Assured |
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Minimum Sum Assured |
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| Maximum Sum Assured | Rs. 25,00,000 (As per prevailing POS guidelines, as amended from time and as per the prevailing Board Approved Underwriting Policy)
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| Premium Payment Frequency | Yearly, Half yearly, Quarterly and Monthly *Quarterly & Monthly premium payment frequency will be allowed only under auto-debit process (as per the approved RBI facilities) |
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All ages mentioned above are age as on last birthday. Risk cover, even for minor life, will commence immediately on the date of commencement of risk of the policy. The product is available for sale through online mode.
