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Bajaj Allianz Investment Plans
Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan ...Read More
Bajaj POS Goal Suraksha Plan 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.
A quick read on what this Bajaj Allianz Investment Plans term plan covers and why it might be a fit for you.
Bajaj POS Goal Suraksha Plan by Bajaj 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.
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
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 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 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.
There are various benefits to buying the POS Goal Suraksha Plan. Let’s understand each of them in detail:
Key features that make POS Goal Suraksha stand out.
Loan on policy
You can avail of loan against your Bajaj POS Goal Suraksha Plan. The maximum loan amount is 80% of the surrender value of the policy.
Option to change premiumpayment frequency
This plan provides the option to change your premium payment frequency during the policy tenure.
Policy revival
You can revive your lapsed policy if the revival is made within first 5 years of last unpaid premium.
Free look period
You will have a free look period of thirty (30) days to cancel the policy if you are not satisfied with the same.
Keep these documents handy when applying for POS Goal Suraksha.
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Bajaj Life POS Goal Suraksha Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Here are the key features of the POS Goal Suraksha.
| 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 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.
The 5 most-asked questions about POS Goal Suraksha, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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