• Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal

  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

  • Here's a Comprehensive Tool To Plan Your Child's Future

  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

  • Paying your Renewal Premium is Quick and Easy!

  • Know the right amount of Insurance you need in just a few steps!

  • Avail Term Insurance Tax Benefits under Section 80D

  • Know how to invest money during the covid-19 pandemic!


Thanks for showing your interest. A representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead


I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business


Please refer to BALIC Privacy Policy

In this policy, the investment risk in investment portfolio is borne by the policy holder.

Strong Long Term Fund Performance Track Record**

One Of The Most Trusted Brands#

3 Goals Where Endowment Policy Fits Well | Bajaj Allianz Life

Tax Benefits~ On Online ULIP Plans

Please enter a Name
Please enter a Mobile No.
Please check the box to proceed
WS_LIGuideHome_Banner_EN 307 38983691 WS_LIGuideHome_Banner_HI 307 38983695
WS_LIGuideHome_Banner_Mob_EN 307 38983693 WS_LIGuideHome_Banner_Mob_HI 307 38983677
Please Select Language

**, #, T&C Apply | BJAZ-WB-EC-02755/21

Insurance cum Investment Plans that could help you achieve your life goals

By : Bajaj Allianz Life

Savings and investing are critical actions that may assist you in achieving financial independence. Saving money takes a lot of discipline, but those who do it on a regular basis are rewarded in the long term. In this post, we will learn about insurance cum investment plans, which will make your life easier and more enjoyable. Financial experts love to tout that investments are the building block, having potential of creating market-linked wealth. If you want to generate more money, you may invest your money.


How to choose an investment plan


There is no such thing as a one-size-fits-all answer when it comes to investing. An investment that is suitable for one person may be completely inappropriate for another. It may be tough for you to determine which investment is suitable for you because of this. Furthermore, with so many investment plans accessible in India today, it is easier for anybody to get confused. As a result, you must exercise caution while selecting a product for investing. You might begin by weighing the different possibilities against the following criteria:

● Maturity:

You must evaluate the time period of your short-term and long-term objectives, and the maturity of the assets must be selected properly. If you want to purchase a vehicle in three years, invest in assets that will mature in three years. If you invest in an asset that matures in five years, your money may be locked up.

● Risk:

Select assets that are appropriate for your risk profile; otherwise, your investment will not provide the expected outcomes. If you don't enjoy taking chances, purchase fixed deposits or bonds instead of stocks.

● Profits:

The returns you get will be proportional to the risks you are willing to accept. If you're not prepared to take the required risks , you may prefer safer investment options and may get returns accordingly.

● Added Charges:

When you invest, your expenses in the form of potential charges or taxes diminish your profits. For example, if you get a 12 per cent return but have to give up 4% in these added costs (such as premium allocation charges in ULIPs, for example), your effective rate of return is now 8%. It is critical to keep costs low at all times. As a result, it's common sense to steer clear of assets with high operating costs.


Types of investment plans based on their returns


At the end of the day, for the appropriate market-linked returns, you may consider market-linked instruments since these have historically been the preferred investments option for the investors. ULIPs (Unit Linked Insurance Plans) are insurance cum market-linked investment option that provide the investor with a mix of insurance and investment. The premium received from the investor is invested in equity funds and/or bonds funds or mix of both. The rate of return will depend on the performance of the underlying funds.

Additionally, you get the security of a life insurance corpus when you invest in ULIPs. This two-in-one instrument gives you benefits of both insurance coverage & market-linked investments, as you get to pick the asset classes of your choice, alongside financially securing your loved ones in the event of an emergency. Ultimately, you get to keep your loved one’s protected.

Note that, ULIPs issued on or after 1 Feb 2021 and having premium more than Rs. 2.50 lakhs have both short term and long-term capital gains taxation applicable to them. Further, in case of multiple ULIP policies issued after 1 February 2021, held by a customer, he has the option to choose policies having premium less than Rs. 2.5 lakh in aggregate to be considered as tax free subject to the provisions of Section 10(10D) of the Income Tax Act, 1961. Only the incremental policy exceeding the Rs. 2.5 lakh limit would be considered as taxable.

However, if your ULIP premiums are under Rs. 2.5 lakhs during a financial year, the maturity proceeds of the same shall be tax-free subject to satisfaction of conditions as mentioned in Section 10(10D) of Income Tax Act.


Wrapping Up


It is important to keep in mind that if the assets in your fund falls, the returns may decline as well. Equity market is more volatile as compared to other financial assets. As a result, they have a high level of risk.

1Check out the various insurance plans offered at Bajaj Allianz life to kick start your investment journey.

1Buy Online Life Insurance Policy With Maximum Benefits | Bajaj Allianz Life


Bajaj Allianz Life Videos


Presenting Shubman Gill as The New ACE Of India | Bajaj Allianz Life | Bajaj Allianz Life ACE

Contact Us

Bajaj Allianz Life Insurance Company Ltd.

Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

Tel No: 020-66026773

Branch Visit Timings:

Monday to Friday - 9:00 AM to 3:30 PM (IST)

Saturday - 9:00 AM to 1:00 PM (IST)

Customer Care Helpline:


Monday to Sunday: 9:00 AM to 7:00 PM (IST)

NRI Services Helpline

24/7 (All week days)

Sales Enquiry Helpline:


Monday to Saturday: 9:00 AM to 7:00 PM (IST)

For NRI: +91-20-35125850 (Call charges apply)

Monday to Saturday: 9:00 AM to 7:00 PM (IST)

Find Us Online

#Survey conducted by brand equity – Nielsen in March 2020

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

**Past performance is not indicative of future performance.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.

The views stated in this article is not to be construed as investment advice and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on carefully before concluding a sale.