Does Bajaj Life Smart Protection Goal cover critical illnesses?

Yes, it covers 55 critical illnesses through an optional add-on. This includes conditions like cancer, heart disease, and stroke.

Are there any add-ons available with Bajaj Life Smart Protection Goal?

Yes, add-ons include Accidental Death Benefit, Accidental Disability Benefit, and Waiver of Premium for critical illness or disability.

How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

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Term Insurance

Bajaj Life Smart Protection Goal

Compare Life Smart Protect Goal benefits, exclusions, ratings and related variants in one place.

4.32

Solvency

99.23

ICR

18.38

Growth

58,011.75

AUM

Policy Brochure

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Date of Birth

Coverage amount

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Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

4.32

Solvency

99.23

ICR

18.38

Growth

58,011.75

AUM

Policy Brochure

About

About Life Smart Protect Goal

The Bajaj Life Smart Protect Goal is a comprehensive term insurance plan designed to provide extensive life coverage at affordable premiums. This plan offers multiple variants to cater to individual needs, including options for whole life coverage up to 99 years, return of premium benefits, and protection against financial loss from critical illnesses. Policyholders can customize their coverage by selecting from various add-ons, ensuring a tailored solution that aligns with their financial goals and life stages. The plan also boasts a high claim settlement ratio, reflecting its reliability and commitment to policyholders. Overall, the Bajaj Life Smart Protect Goal is structured...

About Company

About Bajaj Life Insurance Limited

Bajaj Life Insurance is a leading private life insurance company in India, formed as a joint venture between Bajaj Finserv Limited and founded in August 2001 in Pune headquarters. Known for its strong claim settlement ratio and innovative products, the company emphasizes customer-centric solutions with features like flexible premiums, rider options, and online services. Bajaj combines the financial expertise with the trust and legacy of Bajaj Group, making it a preferred choice for long-term financial security. The managing director and CEO of Bajaj Life is Mr Tarun Chugh.

Testimonials

Bajaj Life Insurance Limited Customer Testimonials

Customer feedback and experiences.

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family…always been available to assist with any insurance/claim queries.

Nakul N

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

Inclusions and Exclusions of Bajaj Life Insurance Limited

Total Permanent Disability Payout

In case of Total Permanent Disability (TPD) due to an accident or illness, Bajaj Life Smart Protection Goal provides a lump sum payout to help manage medical expenses, loss of income, and daily financial needs. If a Waiver of Premium Rider is opted for, all future premiums are waived while the policy remains active

Inflation Protection Coverage

The Inflation Protection Coverage in the Bajaj Life Smart Protection Goal ensures that the sum assured increases over time to keep up with rising costs. This feature helps policyholders maintain the real value of their coverage

Terminal Illness

f the policyholder is diagnosed with a terminal illness with a life expectancy of less than six months, a portion of the sum assured may be paid in advance.

Premium Payment Customizations

Choose Single, Limited (5 or 10 years), or Regular Pay with Annual, Semi-Annual, or Monthly frequency for flexible premium payment options.

Return of Premium (ROP) Option

Policyholders can opt to receive the total premiums paid towards the policy at the time of maturity, provided no claims have been made during the policy term.

Total Permanent Disability Payout

In case of Total Permanent Disability (TPD) due to an accident or illness, Bajaj Life Smart Protection Goal provides a lump sum payout to help manage medical expenses, loss of income, and daily financial needs. If a Waiver of Premium Rider is opted for, all future premiums are waived while the policy remains active

Inflation Protection Coverage

The Inflation Protection Coverage in the Bajaj Life Smart Protection Goal ensures that the sum assured increases over time to keep up with rising costs. This feature helps policyholders maintain the real value of their coverage

Terminal Illness

f the policyholder is diagnosed with a terminal illness with a life expectancy of less than six months, a portion of the sum assured may be paid in advance.

Exclusions

Pre-existing medical conditions may not be covered under Critical Illness Benefit.
Self-inflicted injuries, including intentional self-harm, are excluded.
Illnesses caused due to alcohol or drug abuse will not be covered.
Any medical condition arising from participation in hazardous activities is excluded.
Illness or death resulting from involvement in criminal acts will not be covered.

Claim Process

Claim Settlement Process

Steps and flow followed by the insurer.

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How to Buy

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Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

Renewal steps and key points.

FAQs

Frequently Asked Questions

Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.