Bajaj Allianz ULIP Plans

When you buy a ULIP, you get the combined benefits of insurance along with market returns. And when it comes to picking the best ULIP Plan, Bajaj Allianz surely tops the list. The plans offer you the best of both worlds and allow you to manage your changing financial circumstances and to balance your investment portfolio. 

Main Features of Bajaj Allianz ULIP Plans

Name Of PlanEntry AgePolicy Term
Bajaj Allianz Life Smart Wealth Goal 0 -60 years

Minimum- 10 years

Maximum- 30 years

Bajaj Allianz Life LongLife Goal 18-65 years99 minus age at entry of life assured
Bajaj Allianz Life Goal Assure

0 -60 years5/ 10/ 15 or 20 years
Bajaj Allianz Future Gain1 - 60 years

10/ 15 to 20 years OR

10/ 15 to 30 years

(Depending on the plan selected)

Bajaj Allianz Fortune Gain

1 - 63 years


Minimum-7 years

Maximum- 30 years

Bajaj Allianz Life Principal Gain7 - 60 years7 to 15 years
Bajaj Allianz Life Goal Based Saving0 - 60 years5/ 10/ 15 or 20 years
Bajaj Allianz Life Future Wealth Gain0 - 60 years10 years OR 15 to 25 years

Benefits of Buying Bajaj Allianz ULIPs 

  1. Protects Your Loved Ones
    When you invest in Bajaj Allianz ULIPs, they help you offer your loved ones a financially safe and secure future. No matter what the future has in store, whether your family is with or without you, they would be comfortable. 
  2. Flexible Investment
    ULIPs are regarded to be a very flexible investment. With the option of fund switching, you can alter the investments as per the condition of the market or as per your requirements.
  3. Caters to Emergencies
    Life is unpredictable, and if you need to make a partial withdrawal from the accumulated funds, you can easily do so once the lock-in period is over. 
  4. Long Term Investment 
    When you commit to long-term investment, you save diligently. The small but regular premium that you pay helps you in creating wealth.
  5. Tax Benefits
    Another big benefit of a ULIP is that it makes you eligible for a number of tax benefits. The premiums paid are tax-exempted under Section 80C, of the Income Tax Act 1961. The maturity benefit and death benefit are tax-free under Section 10 (10D), of the Income Tax Act 1961.
  6. Excellent Payouts
    Over the past few years, Bajaj Allianz ULIPs have offered excellent returns to their policyholders. People with diverse risk appetite have benefited from the high NAVs.

Most Popular ULIPs by Bajaj Allianz 

  1. Bajaj Allianz Smart Wealth Goal 
    The Smart Wealth Goal is a unit-linked non-participating life insurance plan that offers you three variants to choose from. You have the Return of Premium Allocation charge. You also have the option to reduce the premium. 
  2. Bajaj Allianz Life LongLife Goal 
    This is a unit-linked non-participating whole life insurance plan which offers cover for your entire life. A flexible plan, it allows you to opt for income in your retirement. You can purchase this policy online and also choose from 4 investment strategies and 8 investment funds.
  3. Bajaj Allianz Life Goal Assure
    A unit-linked non-participating life insurance plan, the Life Goal Assure plan offers loyalty additions from the 6th year onwards. You have the option to choose from the four management strategies and eight investment funds. 
  4. Bajaj Allianz Future Gain
    In this unit-linked endowment insurance plan, there are low premium allocation charges for a premium over INR 2 lakhs, so the highest amount of premium is invested. You have the option to increase the coverage through various riders. You also have the option to increase the premium payment term. 
  5. Bajaj Allianz Fortune Gain
    In this unit-linked non-participating life insurance plan, you have the option of up to 99.5% fund allocation for premium which is INR 10 lakhs and above. Along with loyalty additions, you can also avail unlimited systematic switching options and free fund switches.
  6. Bajaj Allianz Life Future Wealth Gain 
    A unit-linked endowment life insurance plan, in Life Future Wealth Gain Plan a share of the annual premium is included in the fund value at the time of maturity as a fund booster. This plan also offers riders that help you further enhance the cover.
  7. Bajaj Allianz Life Goal Based Saving
    Bajaj Allianz Life Goal Based Saving is a new-age unit-linked insurance plan that offers Return of Mortality Charges. The plan allows you to choose between different premium payment options and also from 8 funds. In case of a financial emergency, you have the option to make lump-sum withdrawals from the accumulated fund. 
  8. Bajaj Allianz Life Principal Gain
    The Life Principal Gain by Bajaj Allianz is a unit-linked insurance plan that comes with guaranteed maturity along with the possibility of high returns. 

Riders with Bajaj Allianz ULIPs

Depending on the kind of ULIP that you opt for, the following riders that can be opted for:

  1. Bajaj Allianz UL Accidental Death Benefit Rider
  2. Bajaj Allianz UL Accidental Partial/ Total Permanent Disability Benefit Rider
  3. Bajaj Allianz UL Family Income Benefit Rider 
  4. Bajaj Allianz UL Waiver of Premium Benefit Rider
  5. Bajaj Allianz UL Critical Illness Benefit Rider 

Insight on Bajaj Allianz ULIPs

Bajaj Allianz ULIPs offer you the opportunity to generate wealth for your life ahead. The premiums that you pay not only offer you a life cover but are also invested in the market funds of your choice. Depending upon your risk appetite, you can invest in high-risk/ moderate risk / low-risk investment options. Another advantage of Bajaj Allianz ULIPs is that they cater to a very wide strata of customers. Their affordable premiums make it possible for all to invest as per their needs. 

Bajaj Allianz is a pioneer in online ULIPs and its plans 

have generally recorded high NAVs. While offering excellent returns to people with a long-term investment horizon, ULIPs also help in inculcating the habits of saving across life stages.

Bajaj Allianz ULIP Plans FAQs

  • 1. What is a Lock-In Period In the Bajaj ULIPs?

    As ULIPs are long-term insurance plans, they come with a built-in lock-in period of 5 years. This is the minimum duration that you need to stay invested for. Depending on the plan that you have opted for, you would be able to make partial withdrawals only after the lock-in period is over.

  • 2. When my Bajaj Allianz ULIP matures, how much money would I receive?

    The maturity amount would depend on the performance of the funds that you have invested in. 

  • 3. Can I surrender my Bajaj Allianz ULIP during the lock-in period?

    If you have to surrender the policy within the 5-year lock-in, you can do so but the funds that have been accumulated will be expended only once the lock-in tenure is over. 

  • 4. Are there any charges included when buying a ULIP from Bajaj Allianz?

    There are a few changes that are levied on ULIPs such as fund management charges, mortality charges, service charges etc. Though with Bajaj Allianz ULIPs, these charges are low, yet, when you decide to invest in ULIPs make sure to take into account this factor.

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