Bajaj Allianz Life Insurance Company Limited
Bajaj Allianz Life Smart Protection Goal
UIN 116N174V04We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
99%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Sum Assured on Death
Premium payment
Regular · Limited · Single
Policy term
10–40 yrs
Surrender value
no
Free look
30 days
What this plan does well
- Critical Illness Benefit (CIB) optional cover — Major + Minor CIs with multiple-payout logic
- Return of Premium (ROP) option — survival benefit = sum of regular premiums paid
- Revival 5 years (industry leading vs Bharti AXA 2 yrs, LIC Tech Term shorter)
- Paid-up Sum Assured + Paid-up CI Sum Assured + Paid-up Maturity Benefit available — DISTINCTIVE for term plan
- Cooling Period 180 days between minor CI diagnoses (protects against fraud cycle)
- Free Look 30 days
- Grace 30 days (15 days monthly)
- Sum Assured Death = Higher of 10x AP / 105% Total Premiums / Sum Assured chosen
Watch out for
- 10x Annualised Premium minimum (vs Bharti AXA Premier Protect 11x)
- Regular Premium has NO surrender value
- CI benefit has Waiting Period 90/180 days (delayed protection)
- CIB Angioplasty sub-limited to ₹5L
- CIB complex paid-up calculations vary by prior-paid-CI status
- Bajaj Allianz Life CSR ~99% — strong but not industry-leading
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.