{"uin":"116N200V10","name":"Bajaj Life Guaranteed Wealth Goal","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10","insurer":{"slug":"bajaj-life-insurance","name":"Bajaj Life Insurance Limited","url":"https://indiainsurances.com/insurer/bajaj-life-insurance"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":"Product","kind":"product","status":"active","approved_on":"2024-09-27","withdrawn_on":null,"summary":"Bajaj Life Guaranteed Wealth Goal is a non-linked, non-participating regular premium individual life insurance savings plan with Wealth Creation, Assured Income and Second Income variants. It has a 30-day free-look period, a 15-day monthly or 30-day other grace period, and policy loans up to 80% of surrender value after surrender benefit is acquired.","analysis":{"state":"machine","analysed_at":"2026-10-19 19:18:38.602383+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 –Wealth Creation","Variant 2 – Assured Income","Variant 3 – Second Income"],"display":"Variant 1 –Wealth Creation; Variant 2 – Assured Income; Variant 3 – Second Income","note":"Variant 1 has level or increasing Sum Assured depending on Maturity Age; Variant 3 can be with ROP or without ROP.","quote":"The Variants available under the Product are:\ni) Variant 1 –Wealth Creation : The Wealth Creation can be chosen with level Sum Assured for Maturity Age <100 years or increasing Sum Assured for Maturity Age =100 years.\nii) Variant 2 – Assured Income\niii) Variant 3 – Second Income: The Second Income can be chosen with ROP or without ROP.","sources":[{"clause":"2","heading":"Policy Description","page":11,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#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":"not-stated","value":null,"display":null,"note":"The policy schedule has a blank 'Policy Term | Years' and the definition says it is as specified in the Schedule; no product term range is printed.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"For death claims, written notice should be given as soon as possible and preferably within 180 days of the death of the Life Assured.","display":"Written notice as soon as possible, preferably within 180 days of death","note":"The same 180-day wording is printed for deaths due to natural causes and unnatural causes.","quote":"Written notice as soon as possible and in any event preferably within 180 days of the death of the Life Assured, and the circumstances resulting to the death of the Life Assured.","sources":[{"clause":"22(a)(i)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-22-a-i"}],"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":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"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":null,"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":["If at least one (1) full Policy Years’ Regular Premium is not paid under a Policy, the Policy will immediately and automatically lapse at the expiry of the Grace Period, and no benefit will be payable under the Policy.","In case of death of Life Assured due to suicide within twelve (12) months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later"],"display":"No benefit if the policy lapses before one full policy year's premium is paid; suicide within 12 months is limited to the higher of 80% of total premiums paid or surrender value, if in-force","note":null,"quote":"If at least one (1) full Policy Years’ Regular Premium is not paid under a Policy, the Policy will immediately and automatically lapse at the expiry of the Grace Period, and no benefit will be payable under the Policy. ... In case of death of Life Assured due to suicide within twelve (12) months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, then, the Claimant shall be entitled to receive the higher of 80% of the Total Premiums paid till the date of death of the Life Assured or the Surrender Value available as on the date of death, provided the Policy is in-force; and the Policy will be terminated.","sources":[{"clause":"6(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-6-a"},{"clause":"12","heading":"Suicide Exclusion","page":18,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-12"}],"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 the nearest Customer Care Center or the Customer Care Desk by post, phone or email. If not satisfied with that resolution or if there is no response within 14 days, contact the Grievance Redressal Officer.","display":"Grievance Officer / Customer Care Desk first; then Grievance Redressal Officer if unresolved or no response 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","sources":[{"clause":"25","heading":"Grievance Redressal","page":21,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#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":"Sum Assured is the amount specified in the Schedule and used to decide the Death Benefit. For Variant 1 where Maturity Age is 100, it depends on Policy Term, Premium Paying Term, policy year and Annualized Premium and keeps increasing.","display":"As specified in the Schedule; Variant 1 at Maturity Age 100 has increasing Sum Assured based on Policy Term, PPT, policy year and Annualized Premium","note":"No minimum or maximum sum assured amount is printed in the policy wording.","quote":"“Sum Assured (SA)” is the amount as specified in the Schedule used to decide the Death Benefit under the Policy. For Variant 1 where Maturity Age =100, Sum Assured depends upon the Policy Term, Premium Paying Term, policy year and Annualized Premium and will keep on increasing.","sources":[{"clause":"1(iv)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-1-iv"}],"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":"Variant 1 pays Sum Assured on Death as a lump sum. Variant 2 pays Sum Assured on Death in instalments, with ROP on Death along with the last instalment and a lump-sum option at an 8.25% p.a. discount rate. Variant 3 pays Sum Assured on Death as a lump sum. For all variants the death benefit is not less than the Guaranteed Death Benefit or the available Surrender Value, whichever is higher.","display":"Variant 1 and 3: Sum Assured on Death as lump sum; Variant 2: Sum Assured on Death in instalments with ROP on Death, with a lump-sum option; minimum is Guaranteed Death Benefit or Surrender Value, whichever is higher","note":"Death Benefit is payable only if the policy is in-force on the date of death and all due Regular Premiums are paid up to date.","quote":"Variant 1 – Wealth Creation | Death Benefit: On death of the Life Assured any time during the Policy Term | i) The Death Benefit is the Sum Assured on Death payable as a lumpsum. ii) At no time, the Death Benefit will be less than the Guaranteed Death Benefit or the Surrender Value available then, whichever is higher. ... Variant 2 – Assured Income | Death Benefit: On death of the Life Assured any time during the Policy Term | i) The Death Benefit payable is the Sum Assured on Death and it is payable in instalments as mentioned below, (a) Death Benefit Instalments shall be payable as per the Death Benefit Instalments Frequency opted for by the Claimant at the start of the Death Benefit Instalment Period. The first Death Benefit Instalment will be due on the date of death. (b) The Return of Premiums (ROP) on Death will be paid along with the last Death Benefit Instalment. (c) The Beneficiary has the option to take the Death Benefit Instalments and ROP on Death as a lump sum at a discount rate of 8.25% p.a. ii) At no time, the total Death Benefit will be less than the Guaranteed Death Benefit or the Surrender Value, whichever is higher. ... Variant 3 – Second Income | Death Benefit: On death of the Life Assured any time during the Policy Term | i) The Death Benefit is the Sum Assured on Death payable as a lumpsum. ii) At no time, the Death Benefit will be less than the Guaranteed Death Benefit or the Surrender Value available then, whichever is higher.","sources":[{"clause":"4(a)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-4-a"}],"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":"Variant 1 pays Guaranteed Maturity Benefit plus Accrued Guaranteed Additions at the end of the Policy Term. Variant 2 pays Sum Assured on Maturity as Income Instalments during the Income Period and ROP Benefit with the last Income Instalment. Variant 3 with ROP returns the ROP Benefit at the end of the Policy Term; Variant 3 without ROP has no Maturity Benefit.","display":"Variant 1: GMB plus Accrued Guaranteed Additions; Variant 2: Sum Assured on Maturity in instalments plus ROP; Variant 3 with ROP: ROP Benefit; Variant 3 without ROP: no Maturity Benefit","note":"Maturity and/or Survival Benefit is subject to the policy being in-force, all due premiums being paid and the Life Assured being alive on the relevant due date.","quote":"Variant 1 – Wealth Creation | Death Benefit: On death of the Life Assured any time during the Policy Term | i) The Death Benefit is the Sum Assured on Death payable as a lumpsum. ii) At no time, the Death Benefit will be less than the Guaranteed Death Benefit or the Surrender Value available then, whichever is higher. iii) The Policy will terminate immediately and automatically on the date of death.\nMaturity Benefit: At the end of the Policy Term | i) The Maturity Benefit payable shall be Guaranteed Maturity Benefit (GMB) plus Accrued Guaranteed Additions. ... Variant 2 – Assured Income | Death Benefit: On death of the Life Assured any time during the Policy Term | i) The Death Benefit payable is the Sum Assured on Death and it is payable in instalments as mentioned below, (a) Death Benefit Instalments shall be payable as per the Death Benefit Instalments Frequency opted for by the Claimant at the start of the Death Benefit Instalment Period. The first Death Benefit Instalment will be due on the date of death. (b) The Return of Premiums (ROP) on Death will be paid along with the last Death Benefit Instalment. (c) The Beneficiary has the option to take the Death Benefit Instalments and ROP on Death as a lump sum at a discount rate of 8.25% p.a. ii) At no time, the total Death Benefit will be less than the Guaranteed Death Benefit or the Surrender Value, whichever is higher. iii) The risk cover under the Policy will terminate immediately and automatically on the date of death.\nMaturity Benefit: During the Income Period | The Maturity Benefit is the Sum Assured on Maturity and shall be pay-able in instalments as mentioned below, i) The Income Instalments shall be payable in arrear during the Income Period. ii) The Return of Premium (ROP) benefit shall be paid along with the last Income Instalment. ... Variant 3 – Second Income | Death Benefit: On death of the Life Assured any time during the Policy Term | i) The Death Benefit is the Sum Assured on Death payable as a lumpsum. ii) At no time, the Death Benefit will be less than the Guaranteed Death Benefit or the Surrender Value available then, whichever is higher. The Policy will terminate immediately and automatically on the date of death.\nSurvival Benefit: During the Income Period | i) The Survival Benefit will be payable as Income Instalments as per chosen Income Instalment Frequency in arrear during the Income Period, provided the Life Assured is alive on the due date of each Income Instalment.\nMaturity Benefit: At the end of the Policy Term | i) If Variant 3 – Second Income with ROP is chosen in the Policy, at the end of the Policy Term, ROP Benefit will be returned as the Maturity Benefit to the Policyholder and the Policy will terminate, immediately & automatically. ii) If Variant 3 – Second Income without ROP is chosen in the Policy, no Maturity Benefit is payable.","sources":[{"clause":"4(a)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-4-a"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"not-stated","value":null,"display":null,"note":"The definition says Premium Paying Term is the period specified in the Schedule, but the policy wording does not print the available PPT options.","quote":null,"sources":[],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"not-stated","value":null,"display":null,"note":"The document defines Maturity Age and refers to Maturity Age =100 for one Variant 1 option, but does not state the maximum maturity age for the product.","quote":null,"sources":[],"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 the Life Assured dies by suicide within 12 months from the Date of Commencement of Risk or latest revival, whichever is later, the claimant receives the higher of 80% of Total Premiums paid till death or the Surrender Value available on the date of death, provided the policy is in-force, and the policy terminates.","display":"Within 12 months: higher of 80% of Total Premiums paid till death or Surrender Value, if in-force","note":null,"quote":"In case of death of Life Assured due to suicide within twelve (12) months from the Date of Commencement of Risk or the date of latest revival of the Policy, whichever is later, then, the Claimant shall be entitled to receive the higher of 80% of the Total Premiums paid till the date of death of the Life Assured or the Surrender Value available as on the date of death, provided the Policy is in-force; and the Policy will be terminated.","sources":[{"clause":"12","heading":"Suicide Exclusion","page":18,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-12"}],"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 policyholder may surrender at any time during the Policy Term. If acquired, Surrender Value is the higher of GSV and SSV; SSV is payable after one full policy year's premium for PPT less than 5 years or after completion of the first policy year with one full year's premium for PPT of 5 years or more, while GSV is payable after two full premiums for PPT of at least 5 years and after one full policy year's premium for PPT less than 5 years.","display":"May surrender any time; payable value, if acquired, is higher of GSV or SSV with acquisition rules by PPT","note":"The formula differs by Variant and by GSV/SSV factors; GSV and SSV factors are provided on the company's website.","quote":"The Policyholder will have the option to surrender the Policy at any time during the Policy Term.\nb) The Surrender Value payable, if acquired, will be the higher of the guaranteed surrender value (GSV) or the special surrender value (SSV). ... i) After payment of one full Policy Year’s Regular Premium for a Policy with a PPT of less than 5 years. ... After completion of first (1st) Policy Year, for a Policy with a PPT of 5 years or more, provided at least one full Policy Year’s Regular Premium has been received. ... The GSV will be payable:\ni) after two (2) full Regular Premiums have been paid for a policy with a PPT greater than or equal to 5 years; and\nii) after one (1) full Policy Year’s Regular Premium has been paid for a Policy with a PPT of less than 5 years.","sources":[{"clause":"8","heading":"Surrender Value","page":15,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-8"},{"clause":"8(c)(i)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-8-c-i"},{"clause":"8(c)(ii)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-8-c-ii"},{"clause":"8(c)(iii)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-8-c-iii"}],"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":"A policy that has acquired Surrender Value does not lapse for non-payment of future Regular Premiums and is automatically converted to paid-up at the expiry of the Grace Period. Paid-up benefits follow the same approach as the original benefits, but relevant sums, incomes, instalments and ROP amounts are replaced by their paid-up values.","display":"After Surrender Value is acquired, non-payment converts the policy to paid-up; benefits continue on reduced paid-up values","note":null,"quote":"A Policy which has acquired Surrender Value shall not lapse by reason of the non-payment of future Regular Premiums, instead the Policy will be, immediately & automatically, converted to a paid-up Policy at the expiry of the Grace Period. ... The Death Benefit, Survival Benefit, Maturity Benefit of a paid-up Policy shall follow the same approach as given in Section 4 above when converted to Paid-up Death Benefit, Paid-up Survival Benefit and Paid-up Maturity Benefit; but in the determination of benefits, Sum Assured, Sum Assured on Death, Guaranteed Maturity Benefit, Sum Assured on Maturity, Base Income, Death Benefit Instalment, ROP on Death, ROP Benefit and Income Instalment will be replaced by the Paid-up Sum Assured, Paid-up Sum Assured on Death, Paidup Guaranteed Maturity Benefit, Paidup Sum Assured on Maturity, Paid-up Base Income, Paid-up Death Benefit Instalment Paid-up ROP on Death, Paidup ROP Benefit, and Paid-up Income Instalment respectively (as applicable).","sources":[{"clause":"6(b)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-6-b"},{"clause":"6(d)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-6-d"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"The Revival Period is five consecutive years from the date of first unpaid Regular Premium. Revival must be applied for within the Revival Period and before the end of the Policy Term, with arrears plus interest and evidence of health and insurability as applicable.","display":"5 consecutive years from the first unpaid Regular Premium","note":"Current revival interest is 10.0% p.a. compounded half-yearly, subject to the benchmark and review wording in the policy.","quote":"“Revival Period” means the period of five (5) consecutive years from the date of first unpaid Regular Premium. ... A Policy, which has lapsed or has become paid-up for non-payment of Regular Premium [all, as per Section 6) above], may be revived, subject to the following conditions: ... The application for revival is made within the Revival Period, but before the end of the Policy Term. ... The arrears of Regular Premiums together with interest, at such rate as the Company may decide from time to time along with applicable taxes are paid.","sources":[{"clause":"1(iv)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-1-iv"},{"clause":"7","heading":"Revival","page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-7"},{"clause":"7(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-7-a"},{"clause":"7(b)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-7-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 loans are available during the Policy Term after the policy has acquired Surrender Benefit. The maximum loan is 80% of the Surrender Value, and the current loan interest rate is 10% p.a. compounded half-yearly.","display":"Available after Surrender Benefit is acquired; maximum 80% of Surrender Value; current interest 10% p.a. compounded half-yearly","note":null,"quote":"The Policyholder can take loan under the Policy during the Policy Term, provided the Policy has acquired Surrender Benefit. ... The maximum amount of loan will be equal to 80% of the Surrender Value available under the Policy. ... Loan interest rate# applicable on the loan amount will be as decided by the Company from time-to-time. The current rate of interest for loan is 10% p.a. compounding half-yearly.","sources":[{"clause":"11(a)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-11-a"},{"clause":"11(b)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-11-b"},{"clause":"11(c)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-11-c"}],"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 Accidental Death Benefit Rider","Bajaj Accidental Permanent Total/ Partial Disability Rider","Bajaj Life Family Protect Rider","Bajaj Life New Critical Illness Benefit Rider","Bajaj Life New Waiver of Premium Rider","Bajaj Life Care Plus Rider Non-Linked"],"display":"Bajaj Accidental Death Benefit Rider; Bajaj Accidental Permanent Total/ Partial Disability Rider; Bajaj Life Family Protect Rider; Bajaj Life New Critical Illness Benefit Rider; Bajaj Life New Waiver of Premium Rider; Bajaj Life Care Plus Rider Non-Linked","note":"The schedule excerpt prints UIN 116B034V02 for Bajaj Accidental Death Benefit Rider; UINs for some other riders are incomplete or not printed in the extracted wording.","quote":"Additional Rider Benefits / UIN | Name of Rider Life Assured | Date of Commencement of Rider | Rider Premium Paying Term | Rider Term | Rider Maturity Date | Sum Assured | Rider Premium\nBajaj Accidental Death Benefit Rider / (UIN:116B034V02) Bajaj Accidental Permanent Total/ Partial Disability Rider / Bajaj Life Family Protect Rider Bajaj Life New Critical Illness Benefit Rider Bajaj Life New Waiver of Premium Rider (UIN:\nBajaj Life Care Plus Rider Non-Linked (UIN :","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-s1"}],"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":"No life insurance policy can be called in question on any ground after three years from the later of policy commencement, risk commencement, latest revival or rider commencement. Within three years it may be questioned for fraud or for incorrect statement or suppression of a material fact, with written communication of grounds and materials; for repudiation on misstatement and not fraud, premiums collected till repudiation are paid within 90 days.","display":"After 3 years, not questioned on any ground; within 3 years, fraud or material misstatement/suppression with written grounds; non-fraud misstatement refunds premiums within 90 days","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":27,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-1-4"},{"clause":"2","heading":null,"page":27,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-2-4"},{"clause":"6","heading":null,"page":27,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-6-4"},{"clause":"7","heading":null,"page":27,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#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 policy document says Bajaj Life Insurance Limited gives no warranty or assurance that buying the policy will make the policyholder eligible for income tax or other tax rebate or relief, and advises seeking independent opinion.","display":"No warranty or assurance of eligibility for income tax or other tax rebate or relief; seek independent opinion","note":null,"quote":"Bajaj Life Insurance Limited does not provide any warranty or assurance that the Policyholder will be, by virtue of purchasing this Policy, eligible for any income tax or other tax rebate or relief. Policyholder is advised to seek independent opinion for income or other tax rebate or relief.","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-s1"}],"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":"Free-look is not provided for policies with tenure of less than a year.","quote":"Every Policyholder except for those policies with tenure of less than a year 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.","sources":[{"clause":"5(a)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-5-a"}],"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":15},"display":"15 days for monthly; 30 days for other than monthly","note":"Value and norm use the shorter monthly grace period; other premium payment frequencies have 30 days.","quote":"“Grace Period” means a period of fifteen (15) days for a monthly Premium Payment Frequency or thirty (30) days for other than monthly Premium Payment Frequency, from the due date of the Regular Premium payment, without any penalty or late fee during which the Policy is considered to be in-force with the risk cover without any interruption, as per the terms and conditions of the Policy.","sources":[{"clause":"1(iii)","heading":null,"page":7,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-1-iii"}],"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":"not-stated","value":null,"display":null,"note":"The policy wording refers to minors and age, but does not print the minimum or maximum entry age for buying the policy.","quote":null,"sources":[],"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":["Quarterly","Monthly"],"display":"Quarterly and Monthly Premium Payment Frequencies are allowed only under auto-debit process","note":"The policy also refers to monthly and other-than-monthly frequencies, but does not expressly list yearly or half-yearly premium payment options.","quote":"Quarterly and Monthly Premium Payment Frequencies are allowed only under auto-debit process (auto-debit process as allowed by RBI to financial institutions).","sources":[{"clause":"10(d)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-10-d"}],"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":["Regular Premium payment"],"display":"Regular Premium payment","note":"The definition says Regular Premium terminology applies even where the Premium Paying Term is less than the Policy Term.","quote":"This Policy is a non-linked, non-\nparticipating, | Regular | Premium\npayment, individual life insurance savings plan.","sources":[{"clause":"2","heading":"Policy Description","page":11,"url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014#c-2"}],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Bajaj Allianz Life Guaranteed Wealth Goal Policy Documents","pages":24,"fetched_at":"2026-10-17 19:41:24+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/withdrawn-pol-doc/guaranteed-wealth-goal-policydoc-116N200V01.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/3915"},{"kind":"wording","label":"Bajaj Life Guaranteed Wealth Goal Policy Documents","pages":27,"fetched_at":"2026-10-17 19:42:33+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/withdrawn-pol-doc/guaranteed-wealth-goal-policydoc-116N200V07.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/3982"},{"kind":"wording","label":"Bajaj Life Guaranteed Wealth Goal Policy Documents","pages":27,"fetched_at":"2026-10-17 19:42:42+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/withdrawn-pol-doc/guaranteed-wealth-goal-policydoc-116N200V08.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/3991"},{"kind":"wording","label":"Bajaj Life Guaranteed Wealth Goal Policy Documents","pages":27,"fetched_at":"2026-10-17 19:42:52+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/withdrawn-pol-doc/guaranteed-wealth-goal-policydoc-116N200V09.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4000"},{"kind":"wording","label":"Bajaj Life Guaranteed Wealth Goal Policy Documents","pages":27,"fetched_at":"2026-10-17 19:43:07+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/withdrawn-pol-doc/guaranteed-wealth-goal-policydoc-116N200V10.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4014"},{"kind":"wording","label":"Policy Document","pages":27,"fetched_at":"2026-10-17 19:43:26+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/savings-plans/guaranteed-wealth-goal-policydoc.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/4032"},{"kind":"cis","label":"Customer Information Sheet","pages":12,"fetched_at":"2026-10-17 19:33:09+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/savings-plans/gwg-cis.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/3447"},{"kind":"brochure","label":"Prospectus / Brochure","pages":28,"fetched_at":"2026-10-17 19:33:17+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/savings-plans/guaranteed-wealth-goal-sl.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/3456"},{"kind":"brochure","label":"Bajaj Life Young Achiever Plan young-achiever-one-pager.pdf","pages":4,"fetched_at":"2026-10-20 00:49:42+00","source_url":"https://www.bajajlifeinsurance.com/content/dam/balic-web/pdf/term-insurance/young-achiever-one-pager.pdf","url":"https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10/document/18642"}],"versions":[{"uin":"116N200V01","version":null,"approved_on":null},{"uin":"116N200V11","version":null,"approved_on":null},{"uin":"116N200V07","version":null,"approved_on":null},{"uin":"116N200V08","version":null,"approved_on":null},{"uin":"116N200V09","version":null,"approved_on":null},{"uin":"116N200V10","version":null,"approved_on":null}],"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 Guaranteed Wealth Goal (UIN 116N200V10), IndiaInsurances, https://indiainsurances.com/policy/bajaj-life-insurance/bajaj-life-guaranteed-wealth-goal-116n200v10"}