Bajaj Life Insurance Unit Linked Insurance Plans: Buy Best ULIP Plans Online 2025

Q: 1. What are the key features of ULIPs?

ULIP is a life insurance product , that also comes with an option of market linked investment. ULIPs help you secure the financial future of your loved ones through the insurance component and at the same time generate long-term wealth for your financial goals. The key features [12] of unit-linked insurance plans (ULIPs) are: ULIP has a lock-in period of 5 years within which you can’t withdraw funds. Post the lock-in period, partial withdrawals are allowed in emergencies or financial requirements and subject to terms and conditions of the policy. You can pay premiums in an annual, half-yearly, quarterly, or monthly schedule as per your affordability. If you feel your portfolio is underperforming, you can reallocate your money from one fund to another.

Q: 4. What is the difference between Sum Assured and Maturity Benefit in a ULIP?

A sum assured in ULIP [15] is the life cover or the minimum assured amount payable upon the death of the life assured . The maturity benefit refers to the total return earned on maturity through the investment component of the policy.

Q: 5. What returns can I expect from a ULIP?

The returns from a ULIP [13] are based on the mix of the portfolio chosen by the policyholder. Equities, or high-risk assets, may earn high returns over the long term, while debt funds or other less risky assets can fetch lower returns.

Q: 6. Are ULIPs tax-free?

The maturity and death benefits are tax-free in ULIP [13] under section 10(10D) of the Income Tax Act, 1961 (subject to satisfaction of conditions mentioned therein). Additionally, annual premium payment is also subject to deductions under section 80C (in case of old tax regime).

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99.33%

Claim Settlement Ratio^~

266%

Solvency Ratio of 266%^{^^^}

3.47 cr

Number of Lives Covered^##

₹1.34 Lakh cr

Assets Under Management (AUM)^***

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Stable Rating by CARE^$$

₹8,288.13 cr

Amount of Individual claims paid*

Disclaimer:^~Individual death claim settlement ratio FY-2025-26 | ^{^^^}Solvency ratio 266% as at 31 March 2026 against IRDAI mandated 150% | ^##Individual and group, as on 31st March, 2026 | ^***Asset under management (AUM) ₹1.34 lakh crore as on 31st March, 2026 | ^$$For details refer to press release published by CARE | ^*All figures are from FY 2006-07 to 31st March 2026.

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Frequently Asked Questions

Unit-Linked Insurance Plans

1. What are the key features of ULIPs?

ULIP is a life insurance product, that also comes with an option of market linked investment. ULIPs help you secure the financial future of your loved ones through the insurance component and at the same time generate long-term wealth for your financial goals. The key features^[12] of unit-linked insurance plans (ULIPs) are:

ULIP has a lock-in period of 5 years within which you can’t withdraw funds.
Post the lock-in period, partial withdrawals are allowed in emergencies or financial requirements and subject to terms and conditions of the policy.
You can pay premiums in an annual, half-yearly, quarterly, or monthly schedule as per your affordability.
If you feel your portfolio is underperforming, you can reallocate your money from one fund to another.

2. What are the different types of funds under ULIPs?

Unit Linked Insurance Plan allow you to secure the future of your dependants with a life insurance and meet your financial goals through a market linked investment option. When investing in a ULIP, you will be able to choose from the below fund options available^[13]:

Debt Funds : Invests majorly in debt funds, government securities, bonds, and money market instruments.
Equity Funds : Invests mostly in equities and company stocks.
Balanced Funds : Invests in a mix of debts and equities.

3. How does a ULIP differ from traditional plans?

A ULIP differs from traditional plans in terms of its market-linked features. Unlike traditional plans, ULIPs^[14] invest a portion of premiums paid in market-linked funds to earn returns, with no fixed maturity benefit, have a 5-year lock-in period, allow fund switches, and enable policyholders to track their portfolio.

4. What is the difference between Sum Assured and Maturity Benefit in a ULIP?

A sum assured in ULIP^[15] is the life cover or the minimum assured amount payable upon the death of the life assured . The maturity benefit refers to the total return earned on maturity through the investment component of the policy.

5. What returns can I expect from a ULIP?

The returns from a ULIP^[13] are based on the mix of the portfolio chosen by the policyholder. Equities, or high-risk assets, may earn high returns over the long term, while debt funds or other less risky assets can fetch lower returns.

6. Are ULIPs tax-free?

The maturity and death benefits are tax-free in ULIP^[13] under section 10(10D) of the Income Tax Act, 1961 (subject to satisfaction of conditions mentioned therein). Additionally, annual premium payment is also subject to deductions under section 80C (in case of old tax regime).

7. How do I choose my preferred ULIP?

To choose your preferred ULIP, you may focus on the following steps:

Identify the investment goals.
Choose the right amount of life insurance coverage
Carefully check the fund options and pick the ones that align with your investment objectives and risk appetite.
Research and review how your previous funds have performed in the past^** of the ULIP plans
Understand and compare the charges associated.

Disclaimer

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Risk Factors and Warning Statements: Bajaj Life Insurance Limited. Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, IRDAI Reg. No.: 116, CIN : U66010PN2001PLC015959, Call us on Customer Care Number: 020-6712 1212., Mail us: customercare@bajajlife.com . The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. All charges/ taxes, as applicable, will be borne by the Policyholder.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Life Insurance Limited is only the name of the Life Insurance Company and Bajaj Life Smart Wealth Goal VII - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L218V01) is only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

^{^}Above illustration is for Bajaj Life Smart Wealth Goal VII is A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L218V01) considering Male aged 25 years |Variant- Wealth | Standard Life | Policy term (PT) - 43 years | Premium Payment Term (PPT) - 12 years | Total premiums paid Rs. 14,40,000 | Monthly Premium Payment Mode | Sum Assured ₹12,00,000 | Incase of unfortunate death during the 1st policy year, death benefit payable at 4% and 8% will be ₹ 12,00,000. This illustration is considering investment in "Bond Fund -ULIF02610/07/06BONDFUNDLI116” through Auto Transfer Portfolio Strategy and is exclusive of any extra premium and is for illustrative purpose only.

Assumed investment returns on 43^rd Policy Year	CAGR^{^^}
₹ 2,50,61,256	8%^{^^}
₹ 60,81,825	4%^{^^}

^{^^}The assumed rate of returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

^#As per Government of India Notification No. 16/2025, GST is not applicable on individual life insurance policies effective 22 September 2025.

^$Subject to Section 11 (read with Schedule II, Sr.No.2) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs and sum assured is 10x of annual premium. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

^$$Tax benefits as per prevailing Section 11 (read with Schedule II) and Section 123 of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

²Source: https://economictimes.indiatimes.com/wealth/insure/life-insurance/the-life-insurance-rule-how-much-money-will-your-family-need-if-your-income-stops/articleshow/110958997.cms?from=mdr . Subject to availability in Bajaj Life ULIPs. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com ) carefully before concluding a sale.

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³For Single Premium: At the end of 20th policy year and every 5th policy year thereafter till PT, 3% Fund Booster as a percentage of the average of the daily single premium fund values during the previous 3 years (including the current year) will be added into the Fund as Loyalty Benefit. This is applicable for Bajaj Life Smart Wealth Goal VII is A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L218V01). Variant- Wealth.

BLIC-OT-EC-23179/26

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Maharashtra

Email: customercare@bajajlife.com | Customer Care Number: 020-6712 1212

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The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo.

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