Life Goals Loading…

Get Life Goals Back-up Plan

Have us call you

Please enter a Name
Please enter a Mobile No.
Please select a option
Please select a option

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.

What Are Whole Life ULIPs And Why You Should Get One

What is whole life ULIP

What Are Whole Life ULIPs And Why You Should Get One


September 24, 2019

By : Bajaj Allianz Life

Everybody has a sacred place in the corner of their hearts for all their lifelong dreams and goals. While a majority of people strive their entire life by working hard, the rest leave them in the name of destiny. Whatever the case is, the good news is that whole life Unit Linked Insurance Plan (ULIP) has the ability to fulfil your long term life goals. A sound investment plan like a whole life ULIP policy is the key to not only realize your goals but also secure your family in the long run.
Whole life ULIPs offer the benefits of investment and life insurance cover under a single plan. Since the main idea behind the introduction of whole life ULIPs is life cover, everyone must consider purchasing a whole life ULIP Policy. However, before opting for a whole life ULIP, take a look at a basic understanding of this policy:

What is whole life ULIP investment?

Popularly known for its permanent and long term benefits, a whole life ULIP plan stays in force as long as the policyholder is alive. Typically, this policy is valid for all the people who survive until the age of 99-100 years as specified in the product brochure of life insurance providers. In case of the death of the policyholder before 100 years of age, the coverage is further extended to the family members. For rare scenarios like the survival of the policyholder even after 100 years, the insurance companies are eligible to pay the matured endowment coverage to them.

The investors purchase a whole life policy with the sole motive of life protection until their death. Therefore, a whole life policy provides all their customers with death benefits, maturity benefits as well as survival benefits. At the time of purchase, the investor is offered with varied options to choose from. So make it a point to pick the right policy based on your life goals, needs and budget.

Whole life ULIP plans guarantees death benefits along with survival benefit as well as maturity benefit. Apart from these benefits, a whole life ULIP investment works majorly to cover the entire life of the policyholder. Here’s a better look at the benefits of whole life policies:

What are the benefits of investing in whole life ULIPs?

1. Life Security

Since it is engineered to deliver maximum benefits until the death of the policyholder, it covers the entire life of the policyholder. Usually, insurance companies either cover the policyholder till his death or until a maturity period of 100 years of age as specified by the life insurance companies.

2. Cash Inflow

Investment in a whole life ULIP Policy means a steady income in times of contingencies. Whether it’s a case of a financial emergency or a medical emergency, this policy provides a sum to the policyholder once the premium payment term has ended. A stable allowance of cash from a whole life ULIP policy to an extent ensures that all your worries are taken care of with the right assistance.

3. Tax Benefits

According to Section 80C of the Income Tax Act, 1961, the premium paid towards the policy are eligible for tax deductions subject to provisions stated therein. The premium is deductible up to Rs. 1, 50,000 from the taxable income. These tax benefits allowed on the premiums help the investors to save more money for their future endeavours.

4. Maximise returns for your Life Goals

To reap maximum gains from your investment, make it a point to invest in the right kind of fund as per your risk appetite. This would ensure that your asset allocation is done depending on your life goals and the time frame in which you want to achieve them.

To sum up, an investment in whole life insurance is a one of the preferred ways to leave behind a legacy for your loved ones and also achieve your life goals. So what are you waiting for?

Get ready to get your life goals done with whole life ULIPs!

Bajaj Allianz Life Videos

Video Icon

Flexi Income Goal – Variants, Features, Benefits Explained

Video Icon

Why Choose Bajaj Allianz Life To Help Get Your #LifeGoalsDone?

Video Icon

#DostiWithDad - Happy Father's Day | Bajaj Allianz Life | Life Goals Done

Video Icon

Covid-19 Survivor Story | Bajaj Allianz Life Smart Protect Goal | Bajaj Allianz Life

Video Icon

Lage Raho India - Keep getting your #LifeGoalsDone

Video Icon

Don’t Let COVID-19 Lockdown Get in The Way of Your #LifeGoals

Video Icon

Coronavirus (COVID-19) Advisory Video #DooriHaiZaroori

Video Icon

Coronavirus COVID-19 impact on markets - CIO Commentary | #KeepCalmStayInvested

Video Icon

Bajaj Allianz Life Leadership Team | #PlankForIndia

Our MD & CEO, Tarun Chugh launches #PlankForIndia campaign and planks with Sanjiv Bajaj MD & CEO, Bajaj Finserv and Chairman Bajaj Allianz Life & the rest of the group leadership team.

Video Icon

#PlankForIndia | Bajaj Allianz Life

Bajaj Allianz Life will contribute to the training and development of India's future sports stars. Come together to Plank for Good Health, PlankforIndia.

Video Icon


#PehlaDinPehlaResolution | Happy New Year | Smart Protect Goal | Bajaj Allianz Life

Video Icon

Bajaj Allianz Life Goal Assure

Bajaj Allianz Life Goal Assure - A ULIP Investment Plan To Achieve Life Goals

Video Icon

Valentine's Day

Valentine's Day

Video Icon

Bajaj Allianz Health Care Goal

A Comprehensive Health Insurance Plan with Critical Illness Cover | Bajaj Allianz Life Health Care Goal

Video Icon

#36SecPlankChallenge video

Promote Healthy Living for a Better Tomorrow with our #36SecPlankChallenge

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:

Weekdays - 9:00 AM to 3:30 PM

Customer Care Helpline:


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

For NRI: +91 20 67871700 (Call charges apply)

Monday to Saturday 9.00 AM to 7.00 PM (IST)

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)