Bajaj Allianz Life on December 19th launched a true value-for-money term plan, which is packed with benefits making it a comprehensive term plan. This plan, which offers customers a host of benefits at Rs 13 per day, has been named Bajaj Allianz Life Smart Protect Goal, a pure term plan! Feature-rich, this term plan is priced in a manner to makes it affordable and most compelling for customers. A person who is a 25-year-old male and a non-smoker can buy the policy online with a Policy term & Premium payment term of 30 years.

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Speaking at the launch, Tarun Chugh, MD & CEO, Bajaj Allianz Life, said, “We understand that our customers are looking for power-packed products (that are efficient and cost-effective) that will help them achieve their financial goals and give them peace of mind. This new product, I believe, will help in delivering on both these counts. Furthermore, giving more than what our customers are expecting, truly makes Bajaj Allianz Life Smart Protect Goal. It will surely be a back-up plan for our customers’ life goals.”

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The latest offering from Bajaj Allianz Life is individual, non-participating, non-linked pure risk term plan. It comes with several value-packed features that customers can enjoy by paying only Rs 13 per day. 

The plan launched today will help manage child education as well. The term plan has been designed to provide a child education extra cover (CEEC) to take care of the education expenses of the child if something were to happen to the parent (Life Assured) before the child turns 25 years of age. Child Education Extra Cover will be paid in this case to the child nominee which will ensure that the educational goals of the child are fulfilled even in the absence of the parent (Life Assured). This can be taken for any number of children, as long as the age of the child is less than 18 years.