Life Goals Loading…

10 Blue cross


  • 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 Life Cover worth Rs.1 Crore at Rs.21 per day2 – Bajaj Allianz Life Smart Protect Goal

  • Life Insurance Term Plan with Return Of Premium

  • 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 sharing your details, A Sales 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

Have Us Call You

Terms & Conditions

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

Road to your Life Goals gets clearer after Budget 2018

With ULIPs, long term capital gains remain with you, while pursuing your #LifeGoals

Secure your Life Goals With Unit Linked Insurance Plan

Road to your Life Goals gets clearer after Budget 2018


February 07, 2018

By : Bajaj Allianz Life

Investments in infrastructure and agriculture, proposals to substantially increase rural income, mostly untouched personal income tax, Budget 2018 has clearly paved the way for higher economic growth. For an investor, this means great opportunities in equity investments. After all, good economic growth goes hand in hand with brisk growth for equities.

For major life goals be it child’s higher education or retirement, equity investments have been established as the best investment route. This is because they typically provide high growth in the long term i.e. 8-10 years, or more.

Individual investors typically lack the expertise and time to monitor their investment in individual stocks. That’s why they need to rely on equity-oriented products unit linked insurance plans (ULIP). Thanks to the many equity investment friendly proposals of Budget 2018, the advantages provided by ULIPs in the past, will now get bolstered even further.

  • As some of us know, ULIPs invest money from investors in equities. However, they also provide life insurance protection. All ULIPs provide tax deduction of up to Rs 1.5 lakh annually under Section 80C. Of course, the same tax deduction is provided by other tax saving investments be it Small Savings Schemes like Public Provident Fund (PPF), bank fixed deposits or eligible mutual funds. That’s not all.
  • Maturity proceeds from ULIPs is tax-exempt under Section 10(10) D, if insurance cover is more than 10x of premium. This advantage remains as before. It is important for investors, especially those making tax saving investments, to consider this aspect. It makes a major difference to the amount that stays in your hand to spend for any life goal like children’s higher education. Remember, not all equity oriented tax saving investments provide this benefit.

The ULIP Edge after Budget 2018

Challenge of investors’ equity fund selection: Many experts argue that it is prudent for investors to keep their life insurance protection and investment separate. They advocate buying of pure life protection, term insurance plans, with investments in equity funds made to achieve life goals. Unfortunately, this approach overlooks the typical investor problem. How does he or she choose the right equity funds among the plethora of equity funds?

ULIP’s long term nature:

It is in this backdrop, the investors are likely to increasingly find ULIPs more attractive. A five-year lock-in ensures that investors stay invested. The life insurance component ensures that you have one more reason to adhere to the financial discipline of paying regular premium. This is great for those who struggle to regularly invest by themselves.

In many ULIPs, you also get rewarded for staying invested. You are provided with loyalty additions. They are paid when you stay invested for a minimum period of time, say 10 years, and then receive them in regular intervals, say, every five years. The payments, a percentage of your life insurance amount, get added to your final savings amount. You get no such reward as an investor in alternatives to ULIPs such as equity mutual funds, especially tax saving equity funds.

ULIPs typically provide you with a choice of funds like large-cap equity, mid-cap equity, debt, liquid and asset allocation. You can choose a fund according to factors like your risk profile. Proper asset allocation and wealth tracking ensures ULIPs help you stay on course for your life goals. As you near the life goal for which you had bought the ULIP for, you need to secure the gains made over time. You need to move the money into lower risk investment avenues like debt and liquid funds to protect your downside risk. Thanks to the switching facility in ULIPs, you can make the switches free of cost and without paying any tax on the gains made.

ULIP Advantage with Bajaj Allianz Life:

To get the ULIP advantage, look no further than ULIPs from Bajaj Allianz Life Insurance Company like Bajaj Allianz Life Future Gain and Bajaj Allianz Life Wealth Gain. The investment management expertise combined with tax benefits will help you to meet your life goals. Last but not the least, with ULIPs, long term capital gains remain with you, as they should, even as you pull out all stops in pursuit of your life goals.

Bajaj Allianz Life Videos

Video Icon

Dancing Uncle Is Back | Special Bonus | Bajaj Allianz Life

Contact Us

Bajaj Allianz Life Insurance Company Ltd.

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

Tel No: 020-66026773

Fax No: 020-66026789

Branch Visit Timings:

Monday to Friday - 9:00 AM to 3:30 PM

Saturday - 9:00 AM to 1:00 PM

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 67688888 (Call charges apply)

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

Find Us Online

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

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.