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Minimum Amount To Invest In ULIP

Minimum amount to invest in ULIP

Minimum Amount To Invest In ULIP


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February 19, 2021

By : Bajaj Allianz Life

Whether you are a beginner to investments, or a seasoned investor with a fair bit of knowledge about the markets, it is important to invest according to your risk profile and your life goals. Among the many investment options available to investors, some are better suited for conservatives who prefer to take low risks, while others are ideal for more risk aggressive investors.

ULIPs, on the other hand, offer different ULIP funds to choose from, like equity funds, debt funds. In addition to this, they also offer life insurance coverage. This makes them one of the preferred form of investments for all kinds of investors. If you are considering investing in these plans to enjoy ULIP returns, which are market-linked, it is important to know the details about these investment products.

The minimum amount to invest in ULIPs varies from one plan to another. Some plans offer you the option to invest in market-linked funds with as little as Rs. 1,000 per month. Others offer different premium payment options like annually, monthly etc., while yet others give investors the choice of making a single premium payment.

Let us look at these in detail -

 

Minimum amount required to invest in Bajaj Allianz Life's ULIP plans

 

ULIPs from Bajaj Allianz Life offer you a variety of funds to choose from. Based on the ULIP performance and the ULIP returns, you can select the plan you wish to invest in. If you are interested in investing in the ULIPs from Bajaj Allianz Life, you will no doubt wish to know more about the minimum amount of funds needed to purchase and remain invested in Unit Linked Insurance Plans from the company.

Here is everything you need to know about this -

 

Online plans from Bajaj Allianz Life

 

Unit Linked Insurance Plan

Minimum amount of premium (in ₹)

Bajaj Allianz Life Smart Wealth Goal

●Yearly: 12,000

●Half-yearly: 6,000

●Quarterly: 3,000

●Monthly: 1,000

Bajaj Allianz Life LongLife Goal

●Yearly: 25,000

●Half-yearly: 12,500

●Quarterly: 6,250

●Monthly: 2,500

Bajaj Allianz Life Goal Assure

●Yearly: 36,000

●Half-yearly: 18,000

●Quarterly: 9,000

●Monthly: 3,000

●Top-up: 5,000

Bajaj Allianz Future Gain

●Yearly: 25,000

●Half-yearly: 13,500

●Quarterly: 7,000

●Monthly: 2,500

●Top-up: 5,000

Bajaj Allianz Fortune Gain

●Single premium: 50,000

 

Offline plans from Bajaj Allianz Life

 

Unit Linked Insurance Plan

Minimum amount of premium (in ₹)

Bajaj Allianz Life Future Wealth Gain

●Yearly: 50,000

●Half-yearly: 30,000

●Quarterly: 15,000

●Monthly: 5,000

Bajaj Allianz Future Gain

●Yearly: 25,000

●Half-yearly: 13,500

●Quarterly: 7,000

●Monthly: 2,500

●Top-up: 5,000

Bajaj Allianz Life LongLife Goal

●Yearly: 25,000

●Half-yearly: 12,500

●Quarterly: 6,250

●Monthly: 2,500

Bajaj Allianz Fortune Gain

●Single premium: 50,000

Bajaj Allianz Life Goal Based Saving

●Yearly: 1,00,000

●Half-yearly: 50,000

●Quarterly: 25,000

●Monthly: 8,334

●Top-up: 5,000

Bajaj Allianz Life Principal Gain

●Yearly: 15,000

●Monthly: 2,000

Please note that the premium amounts mentioned in the table above are as on date and may be subject to changes in case of product modification, if any. Hence, please refer to product sales literature available on Company website for latest information on product terms and condition.

 

Benefits offered by ULIP plans

 

Since the minimum amount to be invested varies from one plan to the next. You need to look at this parameter before choosing your plan. Also, do remember to factor in ULIP performance and the ULIP charges, so you can optimize your ULIP returns.

In addition ULIPs also offer many other benefits, some of which are discussed below.

1. Dual benefits of insurance and investments

ULIPs give you the benefits of an insurance cover coupled with market-linked investment opportunities. This beneficial feature is unique to Unit Linked Insurance Plans. You can also choose from various ULIP funds like equity funds, debt funds. This gives you greater scope to align your investments with your investor profile.

2. Tax benefits

● The death benefits paid to the nominee after the death of the policyholder are tax-exempt as per Section 10(10D) of the Income Tax Act, 1961, subject to provisions stated therein.

● The premiums you pay regularly for the plan are also eligible for deduction under section 80C of the Income Tax Act, 1961, up to Rs. 1,50,000, subject to provisions stated therein.

3. Fund switching options

ULIPs allow investors to switch funds up to a predetermined number of times each policy year. This means you can increase or decrease your asset allocation in the equity and/or debt funds available, depending on the market movements. With this feature, you can align your asset allocation with your life goals and with the market trends, thus optimizing ULIP returns.

 

Conclusion

 

Since there are many ULIPs that offer the option to start investing periodically even with as little as Rs. 1,000 per month, these plans are one of the preferred investments for all kinds of investors. So, check out the options available and add ULIPs to your investment portfolio as early as possible. That way, your investments have more time to grow.

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Fax No: 020-66026789

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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.