{"uin":"116L215V01","name":"Bajaj Life Invest Protect Goal Plus","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01","insurer":{"slug":"bajaj-life-insurance","name":"Bajaj Life Insurance Limited","url":"https://indiainsurances.com/insurer/bajaj-life-insurance"},"line":"life","category":"ulip","category_name":"ULIPs (unit-linked plans)","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Bajaj Life Invest Protect Goal Plus is a unit linked, non-participating, individual life savings insurance plan with Classic and Elite variants. It has a five-year lock-in, a 30-day free-look period, and a death benefit based on the higher of fund value, 105% of premiums paid or sum assured.","analysis":{"state":"machine","analysed_at":"2026-10-20 03:37:30.426633+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Variant 1 – Classic","Variant 2 – Elite"],"display":"Classic and Elite","note":null,"quote":"This product has two variants namely, Variant 1 – Classic and Variant 2 – Elite. The variant has to be chosen at the time of purchase of the Policy and cannot be changed during the Policy Term.","sources":[{"clause":"2","heading":null,"page":4,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-2"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Policy term is 20 to 40 years.","display":"20 to 40 years","note":"From the sales brochure.","quote":"Policy Term | Minimum - 20 years Maximum - 40 years","sources":[{"clause":"2","heading":"Elite","page":2,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"not-stated","value":null,"display":null,"note":"The policy says death benefits are payable if intimation is received with documents, but it does not give a deadline for intimation.","quote":null,"sources":[],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Written Notice of Intimation of Death","Original Death Certificate","Medical cause of death certificate","If death is due to unnatural causes, copy of FIR (First Information Report) and PMR (Post-Mortem Report)","Any other documents that may be requested on intimation of death of the Life Assured for investigations or otherwise by the Company"],"display":"Written intimation of death, death certificate, medical cause of death certificate, FIR and post-mortem report for unnatural death, and any other requested documents","note":null,"quote":"Death Benefits are only payable if an intimation, has been received by us along with:\na) Written Notice of Intimation of Death;\nb) Original Death Certificate;\nc) Medical cause of death certificate;\nd) If death is due to unnatural causes, copy of FIR (First Information Report) and PMR (Post-Mortem Report); Any other documents that may be requested on intimation of death of the Life Assured for investigations or otherwise by the Company.","sources":[{"clause":"12","heading":"Claim Process","page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-12"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The CIS gives links for claim procedure and TAT, but the policy documents provided do not print a settlement time.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of latest revival of the policy, whichever is later, the nominee or beneficiary of the policyholder shall be entitled to fund value, as available on the date of intimation of death."],"display":"Suicide within 12 months from commencement or latest revival pays fund value as on intimation of death","note":null,"quote":"In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of latest revival of the policy, whichever is later, the nominee or beneficiary of the policyholder shall be entitled to fund value, as available on the date of intimation of death. Any charges other than FMC recovered subsequent to the date of death shall be added to the fund value as at the date of intimation of death.","sources":[{"clause":"19","heading":"Exclusions","page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-19"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First contact the Grievance Officer of any nearest Customer Care Center at a branch office, or the Customer Care Desk by post, phone or email. If not satisfied or no response within 14 days, contact the Grievance Redressal Officer at gro@bajajlife.com before approaching IRDAI or the Ombudsman.","display":"Customer Care/branch Grievance Officer first; then Grievance Redressal Officer if no response or not satisfied within 14 days","note":null,"quote":"In case You have any query or complaint/ grievance, You may contact the Grievance Officer of any nearest Customer Care Center at Branch Office of the Company. Alternatively, You may communicate with the Company:\nBy post at: Customer Care Desk, Bajaj Life Insurance Limited., Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006 By Phone at: 020- 6712 1212 By Email: customercare@bajajlife.com In case You are not satisfied with the resolution provided to You by the above office, or have not received any response within fourteen (14) days, or You have any suggestion in respect of this Policy or on the functioning of the office, You may contact the following official for resolution:\nGrievance Redressal Officer, Bajaj Life Insurance Limited. Bajaj Insurance House, Airport Road Yerawada, Pune, District – Pune, Maharashtra\n-411006 Customer Care No: 020-6712 1212 Email ID: gro@bajajlife.com","sources":[{"clause":"25","heading":"Grievance Redressal","page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-25"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Minimum sum assured multiple is 7 times annualized premium. Maximum is as per the maximum sum assured multiple allowed and subject to the Board Approved Underwriting Policy; top-up sum assured is 1.25 times the top-up premium.","display":"Minimum 7 times annualized premium; maximum as per allowed SA multiple/BAUP; top-up 1.25 times top-up premium","note":"From the sales brochure.","quote":"Sum Assured Multiple | Minimum 7 times of Annualized Premium Maximum As per maximum Sum Assured (SA) multiple allowed Top- up 1.25 times of Top-up premium Minimum and Maximum Sum Assured will be subject to prevailing Board Approved Underwriting Policy (BAUP)","sources":[{"clause":"2","heading":"Elite","page":2,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"On death during the policy term, the death benefit is the higher of Fund Value, 105% of All Premiums Paid, or Sum Assured. Partial withdrawals made two years before death are reduced from the Sum Assured; for top-up premiums, death benefit is the higher of Top-up Sum Assured or Top-up Premium Fund Value.","display":"Higher of Fund Value, 105% of All Premiums Paid or Sum Assured; top-up death benefit is higher of Top-up Sum Assured or Top-up Premium Fund Value","note":"The policy text states the same higher-of rule for Elite clearly; the Classic text is printed with OCR line disruption but the schedule also shows the same higher-of rule.","quote":"Variant 2 – Elite: On death of the Life Assured during the Policy Term, Fund Value or Sum Assured or 105% of All Premiums Paid, whichever is higher, will be paid. Any Partial Withdrawals made two years before death shall be reduced from the Sum Assured at the time of payment. ... The Death Benefit payable in respect of top-up premiums paid under the Policy will be higher of Top-up Sum Assured or Top-up Premium Fund Value.","sources":[{"clause":"7","heading":"Loyalty Benefits","page":4,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-7"},{"clause":"14(b)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-14-b"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"On maturity, the Fund Value as on the date of maturity is paid.","display":"Fund Value as on the date of Maturity","note":null,"quote":"On Maturity, Fund Value as on the date of Maturity will be paid.","sources":[{"clause":"7","heading":"Loyalty Benefits","page":4,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-7"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Premium paying term can be Limited Pay of 5 to 12 years or Regular Pay equal to the policy term.","display":"Limited Pay: 5 to 12 years; Regular Pay: equal to Policy Term","note":"From the sales brochure.","quote":"Premium Payment | Limited Pay | Regular Pay\nTerm 5 to 12 years | Equal to Policy Term","sources":[{"clause":"2","heading":"Elite","page":2,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Minimum age at maturity is 38 years and maximum age at maturity is 100 years.","display":"Maximum 100 years","note":"From the sales brochure.","quote":"Age at Maturity | Minimum - 38 years Maximum - 100 years","sources":[{"clause":"2","heading":"Elite","page":2,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2"}],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide within 12 months from commencement or the latest revival, whichever is later, the nominee or beneficiary gets the fund value available on the date of intimation of death. Charges other than FMC recovered after the date of death are added back to the fund value as at the date of intimation.","display":"Within 12 months, suicide pays fund value as on date of intimation of death, with non-FMC charges added back","note":null,"quote":"In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of latest revival of the policy, whichever is later, the nominee or beneficiary of the policyholder shall be entitled to fund value, as available on the date of intimation of death. Any charges other than FMC recovered subsequent to the date of death shall be added to the fund value as at the date of intimation of death.","sources":[{"clause":"19","heading":"Exclusions","page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-19"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy can be surrendered at any time. If surrendered during the first five policy years, the fund value is moved to the Discontinued Policy Fund and paid after the lock-in period after deducting surrender charges; after the first five years, fund value as on the surrender date is paid.","display":"Surrender any time; during first 5 years, fund value moves to Discontinued Policy Fund and is paid after lock-in less charges; after first 5 years, fund value is paid","note":null,"quote":"You can surrender the Policy at any time. If you surrender your Policy during the first five (5) Policy Years, the Fund Value will be moved to Discontinued Policy Fund and the amount will be paid out after the end of the Lock-In Period after deducting the relevant Surrender Charges. No benefits will be available during the Lock-In Period.\nIf you surrender your Policy after the first five (5) Policy Years, Fund Value as on date of surrender will be paid.","sources":[{"clause":"11","heading":"Surrender","page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-11"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"If premiums are discontinued after the first five policy years and the grace period expires, the policy becomes a Paid-Up Policy. On death while paid-up, the death benefit is the higher of fund value, 105% of premiums paid, or a reduced sum assured based on premiums paid divided by premiums payable.","display":"After first 5 years, non-payment after grace converts to Paid-Up Policy with reduced sum assured","note":null,"quote":"If premiums have been discontinued after the first five (5) Policy Years and the Grace Period has expired, then the Policy will be termed as a Paid-Up Policy. In the event the Life Assured dies when the policy is Paid-Up Policy, the Death Benefit payable will be higher of Fund Value or 105% of all Premiums paid or the Sum Assured amount reduced to the extent of the Premium received till date of death. We will calculate the reduced Sum Assured by multiplying the existing Sum Assured against the number of Premiums actually paid divided by the number of Premiums payable as per the Schedule.","sources":[{"clause":"9(a)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-9-a"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A policy may be revived within 3 years from the date of non-payment of premium by paying arrears of premiums due, subject to possible medical examination and underwriting decision.","display":"Within 3 years from the date of non-payment of premium","note":null,"quote":"A Policy may be revived within 3 years from the date of non-payment of premium. Revival will require paying the arrears of premiums due under the Policy. You may also require undergoing Medical Examinations, at your expense.","sources":[{"clause":"9(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-9-b"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Policy loan is not applicable.","display":"Not Applicable","note":null,"quote":"14. | Policy Loan If Applicable | Not Applicable | NA","sources":[{"clause":"Row 14","heading":"Policy Loan If Applicable","page":3,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18639#c-row-14"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Bajaj Life Linked Accident Protection Rider II UIN: 116A057V03","Bajaj Life Care Plus Rider UIN: 116A059V01","Bajaj Life Linked New Critical Illness Benefit Rider UIN: 116A060V01"],"display":"Bajaj Life Linked Accident Protection Rider II, Bajaj Life Care Plus Rider, and Bajaj Life Linked New Critical Illness Benefit Rider","note":"From the sales brochure; riders are optional and their own terms apply.","quote":"Rider Available You have an option to enhance your protection by opting for rider available in the product.\n1. Bajaj Life Linked Accident Protection Rider II UIN: 116A057V03\n2. Bajaj Life Care Plus Rider UIN: 116A059V01\n3. Bajaj Life Linked New Critical Illness Benefit Rider UIN: 116A060V01","sources":[{"clause":"2(ii)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2-ii"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"After three years from the later of policy commencement, risk commencement, latest revival or rider commencement, a life policy cannot be called in question on any ground. Within three years it may be questioned for fraud or for material misstatement/suppression, with written communication of grounds and materials; for non-fraud misstatement, premiums collected are paid within 90 days of repudiation.","display":"No questioning after 3 years; within 3 years for fraud or material misstatement with written grounds","note":null,"quote":"No Policy of life insurance shall be called in question on any ground whatsoever after expiry of three (3) years from (a) the Policy Commencement Date or (b) the Date of Commencement of Risk or (c) the date of latest revival of the Policy or (d) the Date of Commencement of Rider; whichever is later. ... On the ground of fraud, a Policy of life insurance may be called in question within three (3) years from ... Life insurance Policy can be called in question within three (3) years on the ground that any statement of or suppression of a fact material to expectancy of life of the Life Assured or Policyholder was incorrectly made in the Proposal Form or other documents, basis which Policy was issued or revived, or Rider issued. ... In case repudiation is on ground of misstatement and not on fraud, the premium(s) collected on Policy till the date of repudiation shall be paid to the Policyholder or legal representative or Nominee or assignees of Policyholder, within a period of 90 days from the date of repudiation.","sources":[{"clause":"1","heading":null,"page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-1-4"},{"clause":"2","heading":null,"page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-2-4"},{"clause":"6","heading":null,"page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-6-4"},{"clause":"7","heading":null,"page":23,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-7-4"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"The sales brochure says premium paid, maturity benefit, death benefit and surrender benefit are eligible for tax benefits as per prevailing income tax laws, and asks the policyholder to take independent tax advice.","display":"Tax benefits may apply as per prevailing income tax laws","note":"From the sales brochure.","quote":"Tax Benefits Premium paid, Maturity Benefit, Death Benefit and Surrender Benefit are eligible for tax benefits as per the prevailing income tax laws You are requested to consult your tax consultant and obtain independent tax advice for eligibility and before claiming any benefit under the Policy.","sources":[{"clause":"Row 4(c)(ii)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-row-4-c-ii"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":null,"quote":"You shall be provided a Free Look Period of 30 days beginning from the date of receipt of Policy document, whether received electronically or otherwise, to review the terms and conditions of such policy, except if tenure of the policy is less than a year.","sources":[{"clause":"8","heading":"Free Look Period","page":5,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-8"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days; 15 days for monthly mode","note":"15 days applies where the premium payment frequency is monthly; 30 days applies for all other premium payment frequencies.","quote":"“Grace Period” is an additional period available for payment of any premium instalment after the due date. 15-days would be offered where the premium payment frequency is monthly, and 30- days would be offered for all other premium payment frequencies;","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-s1"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"quote-verified","value":"Entry age is minimum 18 years. Maximum entry age is 60 years for Classic and 65 years for Elite.","display":"18 to 60 years for Classic; 18 to 65 years for Elite","note":"From the sales brochure.","quote":"Age at Entry for Life Assured | Minimum- 18 years Maximum - 60 years | Minimum- 18 years Maximum -65 years","sources":[{"clause":"2","heading":"Elite","page":2,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2"}],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Annual","Semi- Annual","Quarterly","Monthly"],"display":"Annual, Semi- Annual, Quarterly and Monthly","note":"Quarterly and monthly are available under auto-debit options as approved by RBI. From the sales brochure.","quote":"Premium Payment Frequency | Annual, Semi- Annual, Quarterly and Monthly Quarterly & Monthly Premium payment frequency will be available under auto-debit options as approved by RBI","sources":[{"clause":"2","heading":"Elite","page":2,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Limited Pay","Regular Pay"],"display":"Limited Pay and Regular Pay","note":"From the sales brochure.","quote":"Premium Payment | Limited Pay | Regular Pay","sources":[{"clause":"2","heading":"Elite","page":2,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-2"}],"law":[]},{"key":"lock_in","label":"Lock-in period","section":"Renewal and rights","meaning":"Years before you can withdraw. ULIPs have a 5-year lock-in.","status":"quote-verified","value":{"unit":"years","amount":5},"display":"Five (5) Policy Years","note":null,"quote":"“Lock -In Period” is the first five (5) Policy Years under the Policy.","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-s1"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 42","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 54.1 and 54.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.5","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.22 to 1.24","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vii) to (ix)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"funds","label":"Fund options","section":"Cover","meaning":"The investment funds you can choose and their risk.","status":"quote-verified","value":["Equity Growth Fund II (Very High)","Accelerator Mid-Cap Fund II (Very High)","Pure Stock Fund (Very High)","Pure Stock Fund II (Very High)","Asset Allocation Fund II (High)","Bluechip Equity Fund (High)","Bond Fund (Moderate)","Liquid Fund (Low)","Flexi Cap Fund (Very High)","Sustainable Equity Fund (Very High)","Dynamic Asset Allocation Fund (High)","Small Cap Fund (Very High)","Midcap Index Fund (Very High)","SmallCap Quality Index Fund (Very High)","Nifty Alpha 50 Index Fund (Very High)","Nifty 200 Apha 30 Index Fund (Very High)","Nifty 200 Momentum 30 Index Fund (Very High)","Nifty 500 Multicap Momentum Quality 50 Index Fund (Very High)","Focused 25 Fund (Very High)","Nifty 500 Multi-factor 50 Index Fund (Very High)","Individual Short Term Debt Term (Moderate)","BSE 500 Enhanced Value 50 Index Fund (Very High)","BSE 500 Dividend Leaders 50 Index Fund (Very High)","India Consumption Fund (Very High)","Pure Stock In-novation Fund (Very High)","BSE 500 Quality 50 Index Fund (Very High)","Opportunities Fund (Very High)","Nifty 500 Low Volatility 50 Index Fund (Very High)","Nifty 200 Value 30 Index Fund (Very High)","BSE 500 Momentum Value 50 Index Fund (Very High)"],"display":"30 selectable funds, with risk profiles from Low to Very High","note":"The policy's fund table also lists Discontinued Life Policy Fund with Low risk, which is used for discontinued policies.","quote":"The following funds are available under the Policy:\nFund Name | Objective | Risk Profile | Asset Allocation | SFIN\nEquity Growth Fund II | The investment objective of this fund is to provide capital appreciation through investment in selected equity stocks that have the potential for capital appreciation. | Very High ... Accelerator Mid-Cap Fund II | The investment objective of this fund is to achieve capital appreciation by in-vesting in a diversified basket of mid cap stocks and large cap stocks. | Very High ... Pure Stock Fund | The investment objective of this fund is to specifically exclude companies dealing in Gambling, Contests, Liquor, Entertainment (Films, TV etc.), Hotels, Banks and Financial Institutions. | Very High ... Pure Stock Fund II | The investment objective of this fund is to specifically exclude companies dealing in Gambling, Contests, Liquor, Entertainment (Films, TV etc.), Hotels, Tobacco and Tobacco related Institutions. | Very High ... Asset Allocation Fund II | To realize a level of total income, including current income and capital appreciation, consistent with reasonable investment risk, through flexible asset allocation among equities, bonds, and cash based on market and economic outlook. | High ... Bluechip Equity Fund | To provide capital appreciation through investment in equities forming part of NSE NIFTY. | High ... Bond Fund | To provide accumulation of income through investment in high-quality fixed income securities. | Moderate ... Liquid Fund | To have a fund that aims to protect the invested capital through investments in liquid money market and short-term instruments. | Low ... Flexi Cap Fund | To achieve capital appreciation by in-vesting in a diversified basket of stocks across market capitalizations i.e. Large cap, Mid cap, and Small cap. | Very High ... Sustainable Equity Fund | To focus on investing in select companies from the investment universe which conduct business in a socially and environmentally responsible manner while maintaining governance standards. | Very High ... Dynamic Asset Allocation Fund | To realize a steady stream of current income and generate capital appreciation with appropriate risk and return expectations through flexible allocation among fixed income and equity securities. | High ... Small Cap Fund | To achieve capital appreciation by investing in a diversified basket of predominantly small cap stocks. | Very High ... Midcap Index Fund | To provide capital appreciation through investment in equities forming part of Nifty Midcap 150 Index. | Very High ... SmallCap Quality Index Fund | To provide capital appreciation through investment in equities forming part of Nifty SmallCap 250 Quality 50 Index. | Very High ... Nifty Alpha 50 Index Fund | To provide capital appreciation through investment in equities forming part of Nifty Alpha 50 Index. | Very High ... Nifty 200 Apha 30 Index Fund | To provide capital appreciation through investment in equities forming part of Nifty 200 Alpha 30 Index. | Very High ... Nifty 200 Momentum 30 Index Fund | To provide capital appreciation through investment in equities forming part of Nifty 200 Momentum 30 Index. | Very High ... Nifty 500 Multicap Momentum Quality 50 Index Fund | To provide capital appreciation through investment in equities forming part of Nifty 500 Multicap Momentum Quality 50 Index. | Very High ... Focused 25 Fund | To achieve capital appreciation by investing in a concentrated basket of up to 25 stocks across market capitalizations, pre-dominantly in large caps. | Very High ... Nifty 500 Multi-factor 50 Index Fund | To provide capital appreciation through investment in equities forming part of Nifty 500 Multifactor MQVLv (Momentum, Quality, Value & Low Volatility) 50 Index. | Very High ... Individual Short Term Debt Term | To provide stable returns through investment in various fixed income securities. | Moderate ... ^BSE 500 Enhanced Value 50 Index Fund | To provide capital appreciation through investment in equities forming part of BSE 500 Enhanced Value 50 Index. | Very High ... ^BSE 500 Dividend Leaders 50 Index Fund | To provide capital appreciation through investment in equities forming part of BSE 500 Dividend Leaders 50 Index | Very High ... India Consumption Fund | To achieve capital appreciation by investing in a diversified basket of equity and equity related instruments of companies in consumption and allied sectors | Very High ... Pure Stock In-novation Fund | To achieve capital appreciation by investing in a diversified portfolio of companies that are benefiting from and contributing to innovation across sectors, excluding companies dealing in Gambling, Contests, Liquor, Entertainment (Films, TV etc.), Hotels, Tobacco and Tobacco related Institutions. | Very High ... ^BSE 500 Quality 50 Index Fund | To provide capital appreciation through investment in equities forming part of BSE 500 Quality 50 Index | Very High ... Opportunities Fund | To achieve long-term capital appreciation by investing in a diversified basket of equity and equity related instruments of companies predominantly from the top 250 companies by market capitalisation. | Very High ... Nifty 500 Low Volatility 50 Index Fund | To provide capital appreciation through investment in equities forming part of Nifty 500 Low Volatility 50 Index | Very High ... Nifty 200 Value 30 Index Fund | To provide capital appreciation through investment in equities forming part of Nifty 200 Value 30 Index | Very High ... ^BSE 500 Momentum Value 50 Index Fund | To provide capital appreciation through investment in equities forming part of BSE 500 Momentum Value 50 Index This is a customized index aligned to BSE 500 Momentum Value 50 Index, subject to IRDAI regulatory requirements. In case a stock cannot be selected due to regulatory guidelines, the subsequent eligible stock(s) will be selected to maintain a cohort of 50 stocks | Very High","sources":[{"clause":"15","heading":"Funds","page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655#c-15"}],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"For non-staff policies, Classic charges are 6% yearly or 5% other modes in policy years 1-4, year 5 is 3% if PPT is 5 and otherwise 6% yearly or 5% other modes, and 0% from year 6 to PPT. Elite charges are 12% yearly or 10% other modes in year 1, 4.0% yearly or 3.5% other modes in years 2-5, and 0% from year 6 to PPT; top-ups have 2.0%. Staff policies have lower charges.","display":"Non-staff: Classic 6%/5% in years 1-4, Elite 12%/10% in year 1; top-ups 2.0%; staff lower","note":"From the sales brochure. Staff policy charges are lower than non-staff charges.","quote":"Classic Variant\nPremium Mode | Policy Year\n1-4 | 5 | 6 to PPT\nYearly Mode | 6% | PPT 5: 3% For PPT>5 : 6% | 0.0%\nOther than Yearly Mode | 5% | PPT 5: 3% For PPT>5 : 5% | 0.0%\nElite Variant\nPremium Mode | Policy Year\n1 | 2-5 | 6 to PPT\nYearly Mode | 12% | 4.0% | 0%\nOther than Yearly Mode | 10% | 3.5% | 0%\nTop -Ups have a premium allocation charge of 2.0% ... Yearly Mode | 0.75% | 0.25% | 0%\nOther than Yearly Mode | 0.50% | 0.25% | 0% ... Top Ups have a premium allocation charge of 0.5% for Staff policies","sources":[{"clause":"Row 1(a)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-row-1-a"},{"clause":"Row 1","heading":"2-5","page":11,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-row-1"},{"clause":"Row 1(a)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643#c-row-1-a-2"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Bajaj Life Invest Protect Goal Plus invest-protect-goal-plus-policy-doc.pdf","pages":23,"fetched_at":"2026-10-20 00:49:55+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/ulip/invest-protect-goal-plus-policy-doc.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18655"},{"kind":"cis","label":"Bajaj Life Invest Protect Goal Plus invest-protect-goal-plus-cis.pdf","pages":8,"fetched_at":"2026-10-20 00:49:32+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/ulip/invest-protect-goal-plus-cis.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18639"},{"kind":"brochure","label":"Bajaj Life Invest Protect Goal Plus invest-protect-goal-plus-sl.pdf","pages":22,"fetched_at":"2026-10-20 00:49:41+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/ulip/invest-protect-goal-plus-sl.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01/document/18643"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Bajaj Life Insurance official website","url":"https://www.bajajlifeinsurance.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claim assistance","url":"https://www.bajajlifeinsurance.com/life-insurance-claim-assistance.html","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal mechanism","url":"https://www.bajajlifeinsurance.com/grievance-redressal-mechanism.html","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renewal payment","url":"https://www.bajajlifeinsurance.com/renewal-payment.html","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Bajaj Life Invest Protect Goal Plus (UIN 116L215V01), IndiaInsurances, https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-invest-protect-goal-plus-116l215v01"}