Bajaj Life Insurance ULIP Plans

ULIP (Unit Linked Insurance Plan) is a life insurance plan that gives you two benefits at one time. One is life protection, and the other is wealth growth. A part of your premium provides insurance cover, while the remaining amount is invested in market-linked funds through which you can grow your money. By getting this plan, you can save money for important things such as for your child's education, marriage, buying a home, or retirement.

Types of Bajaj Life Insurance ULIP Plans

Bajaj Life Insurance offers you a variety of ULIP plans through which you not only get your life insured but also grow your money with market-linked investments. These plans are as follows:

1. Bajaj Life Goal Assure IV

The plan also offers loyalty additions from the 10th policy year, fund boosters at maturity, and returns the mortality charges at maturity. With the help of all these benefits, you can maximize your savings.

Key Points 

Criteria 

Details 

Age

Minimum: 0 YearsMaximum: 60 years

Maturity Age

Minimum: 18 yearsMaximum: 75 years

Policy term 

10 / 15 / 20 years

Minimum Sum Assured

For age less than 50 years: 7 times the Annualized PremiumFor age more than 50 years: 5 times the Annualized Premium

Maximum Sum Assured

Up to 20 times the Annualized Premium

2. Bajaj Life Invest Protect Goal Plus

This plan offers market-linked returns, a lump sum maturity benefit, high life cover, loyalty additions from the 10th policy year, a guaranteed wealth booster at the end of the 15th policy year, return of mortality charges, and a fund maintenance booster. In case if the life assured dies, the nominee receives a death benefit as per the policy terms.

Key Points 

Criteria 

Details 

Age

Minimum:18YearsMaximum: 60 years

Maturity Age

Minimum:38yearsMaximum: 100 years

Policy term 

Minimum: 20 yearsMaximum: 40 years

Minimum Sum Assured

7 times the Annualized Premium

3. Bajaj Life GAIN

With the help of this plan, you can grow your money through market-linked investments while providing life insurance protection for your family. You can choose between the growth and secure options based on your needs. The plan also allows partial withdrawals after 5 years and provides a death benefit to support your family in your absence.

Key Points 

Criteria 

Details 

Age

Minimum:18YearsMaximum: 60 years

Maturity Age

Minimum:18yearsMaximum: 75 years

Policy term 

Minimum: 15yearsMaximum: whole life

Minimum Sum Assured

For age less than 50 years: 7 times the Annualized PremiumFor age more than 50 years: 5 times the Annualized Premium

Maximum Sum Assured 

Up to 15 times the Annualized Premium 

4. Bajaj Life Magnum Fortune Plus II

In this plan, you can choose between portfolio strategies. You can avail various benefits like loyalty additions, maturity booster, return of mortality charges, flexible premium options, and tax benefits (as per applicable laws). You can easily grow your money for the future while keeping your family financially protected. 

Key Points 

Criteria 

Details 

Age

Minimum:0YearsMaximum: 65 years

Maturity Age

Minimum:18yearsMaximum: 75 years

Minimum Premium Amount

Rs.48,000 Annually

Minimum Sum Assured

7 times the Annualized Premium

Maximum Sum Assured

Up to 40 times the Annualized Premium

5. Bajaj Life Future Wealth Gain IV

The plan offers Return of mortality charges, loyalty additions, maturity benefits, and flexible fund options to support your long-term financial goals. It provides two portfolio strategies to match your investment needs and also offers optional rider benefits for additional protection.  

Key Points 

Criteria 

Details 

Age

Minimum:0YearsMaximum: 60 years

Maturity Age

Minimum:18yearsMaximum: 75 years

Policy Term 

Minimum: 10 yearsMaximum: 25 years

Minimum Premium 

Rs.12,000 annually

Minimum Sum Assured

For age less than 50 years: 7 times the Annualized PremiumFor age more than 50 years: 5 times the Annualized Premium

Maximum Sum Assured 

Up to 40 times of Annualized Premium

6. Bajaj Life Supreme Plan 

You can choose from different investment funds and strategies based on your financial goals and risk levels. The plan offers loyalty additions, return of premium allocation charges, return of mortality charges, tax benefits (as per applicable laws), and partial withdrawals after the lock-in period. 

Key Points 

Criteria 

Details 

Age

Minimum:0YearsMaximum: 70 years

Maturity Age

Minimum 18 years

Policy Term

15, 20, 25, 30, 40 and Whole Life

Minimum Sum Assured

For age less than 50 years: 7 times the Annualized PremiumFor age more than 50 years: 5 times the Annualized Premium

Maximum Sum Assured

Up to 30 times of Annualized Premium

Variants  

Gold, Horizon, and Advantage  

7. Bajaj Life Goal Based Savings III

The plan provides you with an additional premium allocation in the first year, return of mortality charges up to 125% at maturity, and a wide range of funds with unlimited free switching options. It also provides liquidity through partial withdrawals after 5 years, no premium allocation or policy administration charges, and the option to receive maturity or death benefits in instalments. 

Key Points 

Criteria

Details

Age

Minimum:0YearsMaximum: 60 years

Maturity Age

Minimum:18yearsMaximum: 75 years

Policy Term 

10 / 15 / 20 years

Minimum Premium

Rs.12,000 annually

Minimum Sum Assured

For age less than 50 years: 7 times the Annualized PremiumFor age more than 50 years: 5 times the Annualized Premium

Maximum Sum Assured 

Up to 10 times of Annualized Premium 

8. Bajaj Life Fortune Gain II

This plan offers up to 99.5% premium allocation, multiple fund options, and unlimited free switches to manage your investments. The plan provides loyalty additions and a systematic switching option to manage market fluctuations. You have also an option to receive your maturity benefit in instalments.

Key Points 

Criteria

Details 

Age

Minimum:1YearMaximum: 63 years

Maturity Age

Minimum:18yearsMaximum: 70 years

Policy Term

Minimum: 7 yearsMaximum: 30 years

Minimum Sum Assured

7 times the Annualized Premium

Maximum Sum Assured

Up to 40 times the Annualized Premium

FAQs on Bajaj Life Insurance ULIP Plans

  1. Are ULIP returns guaranteed?

    No, the ULIP returns are not guaranteed (unless specifically stated in the policy) as these are subject to market risks. 

  2. What types of funds are available in Bajaj Life ULIPs?

    Bajaj Life ULIPs offer different fund options, such as equity funds, debt funds, and a combination of both, based on your choice. 

  3. What are whole life ULIPs?

    Whole life ULIPs provide life coverage for an extended period, often up to 99 or 100 years of age, depending on the policy terms. 

  4. What are the different types of ULIPs?

    ULIPs can be mainly based on investment focus and policy features. It includes equity ULIPs, debt ULIPs, balanced fund ULIPs, child ULIPs, whole life ULIPs, and unit-linked pension plans. 

  5. What happens if the policyholder dies during the policy term?

    In case of the policyholder’s death during the policy term, the nominee receives a death benefit, which is generally the higher of the sum assured or the fund value. 

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