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

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


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Get Market-Linked Returns with Tax Benefits$




* T&C apply | BJAZ-WB-EC-04728/23


$Tax benefits as per prevailing Section 10(10D) and Section 80C 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.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116.

$Tax benefits as per prevailing Section 10(10D) and Section 80C 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.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116.

How Your ULIP Plans Evolve with Your Changing Life Stages

Life is unpredictable, and no two days are alike. Your financial demands may change as you get older, as your duties grow, as your family's needs change, as your health issues rise, and so on. As a result, it's critical to have a flexible investing strategy that can adapt to your changing needs throughout your life.

In this case, a ULIP plan may be one of the preferred options. With a ULIP policy, you can invest your money according to your individual life stage and needs, and you get market linked returns. Additionally, you may choose from a variety of ULIP fund selections according to your risk tolerance. You may also rotate between these market-linked funds alternatives in response to market volatility, ensuring that you receive ULIP returns that may help keep up with inflation.


Stages of ULIP Investment at Different Life Stage


One of the appealing aspects of ULIP is that it may be utilized at any stage of life during the policy term. A ULIP plan may be purchased for a variety of financial objectives, including retirement, property ownership, college fee payments, and more. With the correct mix of ULIP funds, you may pick a suitable policy term and receive returns on your invested amount. This is how it works!


● ULIPs make it possible to invest with a specific aim in mind:


A ULIP policy may help in accommodating all of your goal-based adjustments while also providing you with market-linked investment alternatives and policy term that are aligned to your specific requirements. For example, you may choose a long-term insurance plan and equities funds for retirement. These ULIP funds might provide market-linked returns.


● You may swap between funds using ULIPs:


ULIP plans are one of the preferred options since they let you transit from one market-linked fund to another. A ULIP Plan provides a variety of market-linked fund alternatives to choose from based on your risk tolerance and objectives.


● ULIPs keep your loved ones safe:


A ULIP plan life cover provision keep your family financially safe during the policy term. This protects your family's financial stability in the event of your absence. In the tragic case of your death, your loved ones will get the amount promised. This may enable them to pay their bills and live a decent life.


Benefits of Investing Early in a ULIP plan


The adage says, "The early bird gets the worm." In a literary sense, it suggests that doing or starting anything early will provide a person an edge. In the area of investing, this implies that the sooner someone begins investing, the more time their money has to grow. As a result, one of the smartest financial decisions you may make is to begin investing early in your life objectives.


● Power of Compounding-


The reinvestment of return to produce extra income over time is referred to as compounding. Your money tends to grow faster if you remain invested for a longer period of time. As a result, by saving early for your long-term objectives, you enable the Power of Compounding to build your money.


● Increased investment portfolio –


Compounding & investment at regular interval of time allows you to build up a larger investment portfolio over time, which may aid you in achieving your long-term objectives.


● Younger investors tend to have a greater risk appetite –


As a young investor, you are free of any responsibilities in terms of dependents, allowing you to take on more risk. In other words, you may choose ULIP funds with a bigger equity exposure. Yes, when the market becomes volatile, having more equity means taking on greater risks.


● Savings Habits –


Instilling the practice of saving from the start of your work life can help you avoid the financial strain of making larger monthly or annual contributions to your life objectives later on. Young professionals nowadays may make systematic investments toward their objectives even at the start of their careers thanks to early work possibilities.


Wrapping Up


You may always connect your risk appetite to your financial objective and may receive appropriate market-linked returns from a ULIP insurance plan, regardless of your life stage.


#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.

In this policy, the investment risk in investment portfolio is borne by the policyholder. Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs. 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.