Bajaj Allianz Life Smart Protection Goal is a term insurance plan offered by Bajaj Allianz Life Insurance Company. 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 you pass away during the policy tenure.
This product is cheaper compared to other plans in the market. However, it doesn't offer many customization options. While it allows you to choose a comprehensive critical illness rider, it doesn't offer important customizations like increasing cover. Further, it has limited choices for limited pay options and doesn't provide flexibility in customizing how your family will receive the claim amount. Our research suggests that the insurer has received fewer complaints related to claim settlement and policy purchase, implying a strong track record in terms of both the purchasing process and claims service experience.
Bajaj Allianz also known as Bajaj Allianz Life Insurance Company Limited is a Life Insurance Company in India. Founded in the year 2001, it is a joint venture between Bajaj Finserv Limited, one of the most diversified non-banking financial institutions in India, and Allianz SE, one of world’s leading global insurer and asset manager. The company is headquartered in Pune and 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.
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