A non-linked, non-participating,
individual Life Insurance Savings Plan

Apply Now

100% Guaranteed¹ Tax-Free² Returns
Three Variants for your Life Goals
Guaranteed¹ Additions & Income Boosters
Return of Premium³ up to 300%

100% Guaranteed¹ Tax-Free² Returns
Three Variants for your Life Goals
Guaranteed¹ Additions & Income Boosters
Return of Premium³ up to 300%

Overview
Plan Option
Eligibility
Disclaimer
FAQs

Apply Now

Bajaj Life Guaranteed Wealth Goal

Bajaj Life Guaranteed Wealth Goal is a non-linked, non-participating, individual Life Insurance Savings Plan that delivers 100% Guaranteed¹, Tax-free² returns along with Life Cover throughout the policy term.Read More

Every benefit — maturity value, income payouts, return of premium — is fixed at policy inception.

Returns are exempt under Section 11 (read with Schedule II, Sr.No.2) of the Income Tax Act (subject to conditions), and the plan offers three variants — Wealth Creation, Assured Income, and Second Income — to align with goals like child's education, retirement, financial legacy, or a long-term second income.Read Less

FEATURES

100% Guaranteed1 Tax-Free² Returns

Every benefit is fixed at policy inception and tax-exempt under Section 11 (read with Schedule II, Sr.No.2), subject to conditions

Three Variants for your Life Goals

Pick Wealth Creation for a lumpsum, Assured Income for income that protects your family, or Second Income for deferred income.

Guaranteed¹ Additions & Income Boosters

Earn Guaranteed¹ Additions every year (Wealth Creation) or Income Boosters that enhance every payout (Assured Income and Second Income)

Return of Premium³ up to 300%

Choose ROP³ from 50% to 300% — Pick your preferred ROP³ benefit

Life Cover Throughout the Policy Term

Sum Assured on Death payable to nominee, never less than 105% of total premiums⁴ paid.

Income on Date of Your Choice

Receive income on a birthday, anniversary, or any date that matters to you.

Optional Riders⁵

Add from the choice of Riders Bajaj Life New Critical Illness benefit, Bajaj Accidental Death Benefit, Bajaj Accidental Permanent Total/Partial Disability Benefit, Bajaj Life New Waiver of Premium, or Bajaj Life Care Plus rider non linked to enhance your base plan.

Plan Variants

Which Bajaj Life Guaranteed Wealth Goal Variant is best for you?

Wealth Creation

If you are saving for a one-time future need like your child's higher education, a home down-payment, or a financial legacy for your family. You get a guaranteed1 lumpsum at the end of the Policy Term.

Assured Income

If you are the primary earner and want assured income that continues for your family even after you. Income payouts continue to nominee for the entire Income Period if something happens to you — making this the strong family-protection variant.

Second Income

If you are planning a future income stream — for retirement, a child's marriage, or any goal where you'll need money flowing in years from now. You can also choose a Return of Premium³ of up to 300% to build a corpus alongside the income.

Feature	WEALTH CREATION	ASSURED INCOME	SECOND INCOME
Goal	Build a guaranteed¹lumpsum corpus	Guaranteed¹income with life cover continuance	Deferred guaranteed¹second income stream
Maturity Benefit	Guaranteed¹Maturity Benefit + Guaranteed¹Additions	Income Instalments + ROP³at end of Income Period	Income Instalments + optional ROP³at policy end
Premium Payment Term	2 / 3 / 4 / 5 / 6 / 7 / 8 / 10 / 12 years
Policy Term	10 to 50 years	PPT + Deferment Period	PPT + Deferment + Income Period
Income Period	Not applicable	15 / 20 / 25 / 30 / 35 / 40 years	15 / 20 / 25 / 30 / 35 / 40 years
Return of Premium³	Not applicable	50% to 300% of total premiums	50% to 300% (optional)

Policy Documents

ELIGIBILITY

Eligibility

Click on Know More for Eligibility

Know more

Documentation

Identity Proof (any one of them)

PAN Card
Aadhaar Card
Passport / Voter ID
Address Proof (any one of them)
Aadhaar Card
Utility Bills
Passport

Income Proof (any one of them)

Salary slips
Bank statements
Income Tax Returns

Age Proof (any one of them)

Birth certificate
10th/12th mark sheet
Passport

Medical Reports (if required)

Based on age and sum assured

FAQ

Are returns from Bajaj Life Guaranteed Wealth Goal 100% tax-free?

Yes. Maturity proceeds, income payouts, and death benefits are tax-exempt under Section 11 (read with Schedule II, Sr.No.2) under old tax regime of the Income Tax Act, subject to the conditions specified in the Act (including the premium-to-sum-assured ratio). Premiums paid are also eligible for tax deduction under Section 123, subject to applicable limits.

What does 100% Guaranteed mean?

Every benefit under the policy Guaranteed1 Maturity Benefit, Guaranteed¹ Additions, Base Income, Income Boosters, Return of Premium³, and Death Benefit is fixed at the time you buy the policy and shown in your Benefit Illustration. Returns don't depend on market performance, insurer profits, or bonuses.

What's the difference between the three variants?

Wealth Creation gives you a guaranteed1 lumpsum at maturity. Assured Income gives you income when you are alive and if something happens to you, it continues for your family in your absence with ROP% chosen (if any). Second Income gives you a deferred income with an optional Return of Premium of up to 300% — useful for retirement or future life goals.

Does inflation impact returns in this plan?

Returns are fixed, so inflation can reduce real value over time. This plan works best when used for stability and certainty, not inflation-beating growth.

What happens if tax rules change in the future?

Tax benefits are subject to prevailing laws. Any changes will depend on tax regulations at that time.

Can I modify my plan after buying it?

Key parameters like variant, term, and premium term cannot be changed once selected, so it’s important to choose carefully at the start.

Can I take a loan against this policy?

Yes, policy loans may be available once the policy acquires a surrender value, as per terms and conditions.

Can I exit the plan early?

Yes, you can surrender the policy as per terms and conditions and receive a surrender value as applicable.

What are Guaranteed Additions and Income Boosters?

Guaranteed¹ Additions are added to your Wealth Creation policy at the end of each policy year (starting year 2). Income Boosters are similar additions under the Income variants — they accrue till the end of the Deferment Period and then enhance every income payout. Both are 100% guaranteed1.

How much Return of Premium3 can I choose?

You can choose ROP³ from 50% to 300% of total premiums paid⁴ (in multiples of 25%) under Assured Income and Second Income variants. A higher ROP³ means a bigger lumpsum at the end; a lower ROP3 means more value flows through the income stream.

What does my nominee receive if I die during the Policy Term?

Under Wealth Creation and Second Income, the nominee receives the Sum Assured on Death as a lumpsum. Under Assured Income, the nominee receives Death Benefit Instalments annually for the chosen Income Period plus the ROP on Death — or has the option to take this as a discounted lumpsum. The total Death Benefit is never less than 105% of total premiums paid4.

Can I receive my income on a special date like a birthday or anniversaries?

Yes. Under Assured Income and Second Income, you can choose to receive your income on any date that matters to you. The instalment is discounted to the chosen date using the 5-year G-Sec yield plus 25 basis points; the Return of Premium continues on its original due date.

What happens if I cannot pay a premium?

You have a Grace Period of 30 days (15 days for monthly frequency). If at least one full year's premium has been paid, the policy converts to a Reduced Paid-Up Policy You can revive a lapsed or paid-up policy within 5 years, subject to policy terms and conditions

Disclaimer

Bajaj Life Insurance Ltd.(Formerly known as Bajaj Allianz Life Insurance Company Limited)
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS- IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.Read More

Risk Factors and Warning Statements:Risk Factors and Warning Statements: Bajaj Life Insurance Limited and Bajaj Life Guaranteed Wealth Goal are the names of the company and the product respectively and do not in any wayindicatethe quality of the product and itsfuture prospectsor returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. Bajaj Life Guaranteed Wealth Goal (UIN: 116N200V10) is A Non linked,Non Participating, Individual, Life Insurance Savings Plan. Regd. Office Address: Bajaj Insurance House, Airport Road,Yerawada, Pune - 411006, Reg. No.: 116, CIN: U66010PN2001PLC015959, call us on Customer Care Number.: 020-6712 1212, Mail us: customercare@bajajlife.com. The Logo of Bajaj Life Insurance Limited is providedon the basis oflicense given by BajajFinservLimited to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policyholder.

¹Conditions Apply - The Guaranteed benefits are dependent on policyterm,premium payment term availed along with other variable factors. For more details, please refer to sales brochure.

²Tax benefits as per prevailing Section 11 (read with Schedule II, Sr.No.2) of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

³The Return of Premium is the total premiums paid means total of all the premiums paid under the policy, excluding any extra premium and taxes, if collected explicitly.

⁴Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly. Please note that cess, if any, will be collected over and above the premium under the policy.

⁵Rider can be taken only along with a base life insurance plan atadditionalcost, as per the availability and product term and conditions as mentioned in sales brochure available on www.bajajlifeinsurance.com

IDFC FIRST Bank Ltd is a Corporate Agent for Bajaj Life Insurance Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0106. This Plan is offered and underwritten by Bajaj Life Insurance Limited. The purchase of an insurance plan by the customer is purely on voluntary basis.

BLIC-WC-EC-22653/26Read Less

Bajaj Life Guaranteed Wealth Goal