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All About Bajaj Allianz Life's Smart Wealth Goal ULIP

Updated On Apr 22, 2021

The Bajaj Allianz Life's Smart Wealth Goal ULIP With Return of Mortality and Premium Allocation Charges is a unit-insurance plan by Bajaj Allianz. Although it is a fairly new plan, it has already proven itself to be an efficient and popular plan. Not only does it help you gain insurance and stay protected against multiple problems of life, but also helps you invest under this integrated.

You May Also Like To Read:- 5 Popular ULIP Myths Clarified

Key Details of Bajaj Allianz Life Smart Wealth Goal ULIP 

This plan is currently available in three varieties, namely, wealth, joint life wealth and child wealth. 

1. Wealth Plan

Under this plan, there are five insurance portfolios available. Customers also receive fund boosters from time to time, which provides them with inclusions to their sum assured. What’s more, customers can also reduce their regular premium amount after the 6th year of their policy term.

2. Joint Life Wealth

This Bajaj Allianz plan allows the policy-holder to add other members like their children or parents to the plan. They, then, jointly hold the policy. The plan also allows partial withdrawals from the sum assured after the 5th year of the policy term. 

3. Child Wealth Plan

The Child Wealth Plan is one of the best ways to secure the financial interests of your children in case of your demise. Besides the death income benefit, this plan also includes one in case of permanent disability. 

Features of Bajaj Allianz Life Smart Wealth Goal ULIP 

Following are some of the best features that will make this plan a profitable investment.

1. Return of Premium Allocation Charge (ROAC)

This is a unique feature where at the end of the 10th policy year or on maturity (whichever comes earlier), the plan promises to return to you, all the premium allocation charges that had been previously deducted. All charges regarding risk cover are also returned along with this. 

2. Waiver of Premium Benefit

This feature comes under the Child Wealth plan. If the policyholder encounters any permanent disability or passes away during the policy term, the remaining premiums are liable to be paid by the insurance company, that is, Bajaj Allianz in this case. In such cases, there is also an income benefit that regularly pays out a fixed sum as income. 

3. Periodical Money Backs

Instead of receiving the benefit as a lump sum, the policyholder can also opt to receive periodical money backs from their sum assured. They can apply for this option before their 10th policy term and can start anytime after the fund value has been deposited. 

Also Read:- Difference Between ULIPs And Mutual Funds

Do ULIPs Really Provide Good Returns?


Evidently, the Bajaj Allianz Life's Smart Wealth Goal ULIP With Return Of Mortality And Premium Allocation Charges provides a stable and robust plan for financial security and stability for all the policyholders. It has very beneficial features as well as useful variants that make it a popular choice among many. 

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