Bajaj Allianz Life Smart Protect Goal is a term insurance plan offered by Bajaj Allianz Life Insurance Company, also known as Bajaj Allianz Life Insurance Company Limited. A term insurance plan allows you to secure your family’s financial future, for a very low cost. With a cover of almost 1000X your annual premium, it is one of the cheapest and easiest ways to ensure that your family is well-provided for, in case your death happens during the policy term.
This product is slightly cheap in comparison to other products in the market, with benefits and customization options such as increasing cover and comprehensive critical illness coverage. However, it does not provide many options for speeding up premium payments through limited pay or customizing how your family receives the claim amount. It also doesn't offer the early exit option. Further, as per our research, the insurer received fewer policy purchase but a higher number of claim settlement complaints and has a poor track record of settling claims faster.
Bajaj Allianz also known as Bajaj Allianz Life Insurance Company Limited is a Life Insurance Company in India. It offers Term Life Insurance Plans, Traditional Savings Plans and Unit Linked Insurance Plans. Founded in the Year 2001, it is a joint venture between Bajaj Finserv Limited and Allianz SE. The company is headquartered in Pune and has 759 branches across various cities in India. The CEO / CMD of the company is Mr. Tarun Chugh.
Bajaj Allianz Smart Protect Goal is a term insurance plan offered by Bajaj Allianz Life Insurance Company.
With Bajaj Allianz Smart Protect Goal, your family will be paid a fixed lump sum amount as a death benefit, in case your death happens during the term of the policy. This plan comes at an affordable price and offers several customization options, such as increasing cover and a comprehensive critical illness rider.
Further, the insurer has been found to provide a very good experience during the policy purchase phase but a poor experience during the claim settlement phase. So, while you will experience a smooth and seamless process while purchasing the policy but your family may not experience the same during claim settlement when you’re not around anymore. Additionally, this product doesn't provide many options to speed up your premium payments or customize how your family receives the claim amount.
Here’s an in-depth Bajaj Allianz Smart Protect Goal review.
The benefits and features of the Bajaj Allianz Smart Protect Goal term plan are as follows -
The Bajaj Allianz Smart Plan Goal comes with additional optional benefits that you can choose as riders. These include -
Here are a few reasons why you can consider purchasing from Bajaj Allianz Life Insurance -
Here are some of the disadvantages and limitations of buying from Bajaj Allianz Life Insurance Company -
Bajaj Allianz also known as Bajaj Allianz Life Insurance Company Limited is a Life Insurance Company in India. It offers Term Life Insurance Plans, Traditional Savings Plans, and Unit Linked Insurance Plans. Founded in the Year 2001, it is a joint venture between Bajaj Finserv Limited and Allianz SE. The company is headquartered in Pune and has 759 branches across various cities in India. The CEO / CMD of the company is Mr. Tarun Chugh.
Considering all the product benefits, customer service, and claims experience, and on the basis of 100+ parameters analyzed by our in-house research team, the Bajaj Allianz Smart Protect Goal Plan gets a Beshak⭐Rating of 3/5.