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ULIPs for NRIs in Oman

A country that leaves every visitor mesmerized with its natural diversity, Oman is located in the south-east of the Arabian Peninsula. Oman is a country where modernity and tradition intertwine. In addition to its international diversity, the country has a lot to offer in terms of opportunities as well . All these reasons together have attracted many Indians to go and settle in Oman for better career prospects. Read More

The non-resident Indians in Oman forms a significant part of their vibrant and diverse communities. In addition to adding diversity to the country‘s culture, NRIs in Oman have also taken a part in major working sectors in the country.

While NRIs in Oman are busy building a career, they often look for opportunities to create a safety net for their loved ones in India and also create a source of income . This is where plans like a unit-linked insurance plan come into the picture by offering a perfect blend of life insurance along with a component of market linked investment.

Over the years, ULIPs have become a go-to plan for many. If you are an NRI residing in Oman, and are looking for life insurance that can help create wealth as well, then this guide will help you understand all about ULIPs and why you should consider investing in them. Read Less

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Written ByShruti Gujarathi
AboutShruti Gujarathi
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Shruti Gujarathi has 5 years of experience in the BFSI sector, and as Manager – Digital Marketing at Bajaj Allianz Life Insurance, manages digital and content marketing. She has had hands-on experience in content strategy, performance marketing and Strategic Alliances over a career spanning 10 years, with deep expertise in insurance domain.
Rituraj Singh
Reviewed ByRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 07th June 2025
Modified on: 10th June 2025
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What are ULIPS? How Do They Work?

Unit-linked insurance plans, or as we know ULIPs, are a life insurance plan that offer dual benefits of life insurance and market linked investment under a single plan. ULIPs are a reliable plan if you are looking to grow your wealth while also building a safety net for your family to seamlessly meet any financial need in an unfortunate event or emergency.


ULIPs Explained: Just like any life insurance plan, ULIP promises life cover in exchange for premiums. In addition to that they have a market-linked investment component. A part of the premium you pay goes into life cover, and the remaining is invested in different types of market-linked funds depending on your risk taking ability . This lets you build a sizeable corpus in the long run while also ensuring the protection of your family through life cover.

Why Should NRIs in Oman Consider ULIPs?

While residents and NRIs both can invest in ULIPS, read on to understand what makes them so suitable for NRIs.


  1. An ideal combination of investment and insurance


    Under a single policy, you can get the benefits of life coverage as well as market-linked investments. Without the worry of juggling between your separate investments and insurance policies, you can enjoy them both under one umbrella.


  2. Stay empowered with asset allocation


    ULIPS allow you the freedom to allocate the funds that you invest into various market-linked instruments. You can invest in debt funds, equity funds and even a balanced combination of both. As an NRI, this can be very beneficial for you, especially when you may have different priorities when living abroad.


  3. Build your wealth with market-linked growth


    NRI investors can also use ULIP as a tool to build wealth. If the market allows, you can benefit from long-term market-linked growth. While markets always come with the risk of volatility, you can make use of diversification to secure your financial stability.


  4. Switch funds when you deem it right


    Another benefit that ULIPS bring is fund switching. Changing market conditions or your personal financial situation can be dealt with through careful fund switching. Keep monitoring your portfolio and choose the option to switch when it seems right.


  5. Meet your liquidity needs in India or abroad


    Once the 5-year lock-in period is over, you have the option of making partial withdrawals. Depending on your needs in India or abroad, you can make use of this money.


  6. Tax benefits are an added advantage


    Life insurance policies offer tax benefits, which can be a major attraction if you wish to save on taxes back home. As an NRI in Oman, you can get tax benefits on ULIPS at the time of policy inception, on the returns that you get and when the plan comes to an end. Here’s how:


    • Section 80C of Income Tax Act, 1961 (under old tax regime) allows a deduction of up to Rs.1.5 lakhs per year against the premiums you pay.
    • The returns that you receive during the policy are not taxed as long as you stay invested. You can enjoy tax-free growth.
    • In case of the death of the insured, the death benefit received by the nominee is tax-free under Section 10(10D).

  7. Disciplined savings for a secure future


    No matter what part of the world you reside in, the hope of a secure future remains. As an NRI in Oman, if you are planning to stay on, buy a house or plan your retirement there, the wealth accumulation through the ULIP can be very helpful in arranging your finances.


    A lot of NRIs in Oman also dream of returning home someday, either for good or during their retirement. When you have a significant corpus to rely on, coming back and settling well becomes easier.


Steps for Buying A ULIP Online as an NRI

After knowing the benefits of ULIP as an NRI in Oman you may consider buying one online through a straightforward process. Follow these steps to acquire the best ULIP plan for NRIs online seamlessly:


  • Go to the official website of the insurer offering ULIP products for NRIs.
  • Browse through the available ULIP products and select the one that aligns with your financial goals, investment horizon and risk appetite.
  • Check for features specific to NRIs, such as fund switching flexibility, repatriation options, and international payment modes.
  • Determine the desired policy duration and select the premium payment amount that suits your budget and financial objectives.
  • Once you have made your selection, proceed to the payment section of the website.
  • Choose your preferred modes of payment, such as net banking, international credit card, debit card, or other online payment methods accepted for NRIs.
  • Make the payment using your selected payment method and confirm the purchase.
  • After the successful payment, you may enjoy the advantages and benefits of your newly acquired Unit Linked Insurance Plan.

By following these steps, you may conveniently purchase a ULIP online, saving time and ensuring a hassle-free experience. You can also use a ULIP calculator to get an estimate of your investment needs.

Things NRIs in Oman Should Consider When Buying ULIPs

  1. ULIP performance depends on the underlying funds you choose and how those funds perform in the market over time. It is, therefore, quite essential that you analyse your risk appetite and only then venture into the market.
  2. NRIs in Oman can pay the premiums through direct bank transfers using NRE or NRO bank accounts in the form of SWIFT transactions or through Foreign Bank account via SWIFT transactions.
  3. There are various types of fees and charges that are associated with ULIPS. As an NRI in Oman, you should well-acquaint yourself with charges such as:
    • Fund Management Charges
    • Mortality Charges
    • Policy Administration Charges
    • Premium Allocation Charges
    • Partial Withdrawal Charges
    • Fund Switching Charges
    • Miscellaneous Charges.
  4. When your ULIP comes to an end, you may be able to get some tax benefits. However, make sure of the following:
    • If you bought the ULIP after April 1, 2012, your annual premium should not be more than 10% of the sum assured.
    • If you bought it before April 1, 2012, the premium limit is 20% of the sum assured.
    • As per the 2021 Budget, if the total premiums of all ULIPS bought on or after February 1, 2021, go over ₹2.5 lakhs in a year, the maturity amount will be taxable.
    • If your returns from equity-oriented funds are above ₹1 lakh, they’ll be taxed at 10% (Long-Term Capital Gains tax).
    • For non-equity funds, returns over ₹1 lakh may be taxed at 20%.
  5. NRIs should also check the tax rules between India and their country of residence, the Double Taxation Avoidance Agreement (DTAA), to fully understand the tax impact.

Why Bajaj Allianz Life Insurance ?

Bajaj Allianz Life, one of India's leading Private Life Insurers, is committed to offering value-packed and innovative products to help you achieve your Life Goals.

99.29%

Claim Settlement Ratio~

Claim Settlement Ratio
1 Day

Get 1 Day Claim Approval%

One Day Claim Approval
AAA

Stable Rating by CARE$$

CARE Stable Rating
₹1,23,734 Cr

Assets Under Management (AUM)***

Assets Under Management (AUM)
3.85 Cr

Number of Lives Covered##

Number of Lives Covered
359%

Solvency Ratio of 359%^^^

Solvency Ratio
Claim Settlement Ratio 2024-25

 Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %99.29% of non-investigative individual claims approved in one working day for FY 2024-25. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices. 96% of non - investigative claims notified were processed within one day in FY’25 | $$For details refer to press release published by CARE | ***All figures as on 31 March, 2025 | ^^^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | ##Individual and group, as on 31 March, 2025.

Frequently Asked Questions

1. I have changed my country as an NRI, what happens to my ULIPs?

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If you change your country, typically, nothing changes in your ULIPs. However, there might be certain restrictions for NRIs in some countries, or a change in the premium. Make sure to inform your insurer.

2. As a NRI, Do I have to pay any additional charges for ULIPs?

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No, as an NRI, you do not have to pay any additional charges. Just like for residents, ULIPS for NRIs also come with certain  like premium allocation, fund management charges etc.

3. Can I switch funds under ULIPS?

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Typically, ULIPs allow you to switch funds , which may come along with fund-switching charges. However, there might be restrictions on the number of times you can switch funds  which may differ from plan to plan and insurer to insurer .

4. What are the tax benefits for NRIs under ULIPs?

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NRIs can enjoy tax benefits for investments made towards ULIPs. In case of the death of the insured during the tenure of the ULIP, the appointed nominee receives the death benefit, which is tax-free as per Section 10(10D) subject to conditions. The premium paid towards ULIPs is also tax-free under section 80C of the Income Tax Act. However, returns that you receive would be taxable as per the Long-Term Capital Gains (LTCG) tax rate

ULIP Guide

  • Videos

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  • Calculators

  • Podcasts

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Mr. Rajesh Krishnan, COO, discusses immense investment potential of India for NRIs.

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At Bajaj Allianz Life, we are here to support you in building a secure and worry-free financial future. With over 24 years of experience, we provide a variety of life insurance plans, including protection, retirement, savings, investment and health, to meet your unique needs.

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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

 

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The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Goal Assure II- A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN No.: 116L180V02) is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

^Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure II - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L180V02)

1Loyalty Additions are payable only for premium of  ₹ 5 Lakhs & above and wherein the Policy term is 10 years & above.


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

 

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Bajaj Allianz Life eTouch- A Non Linked, Non-Participating, Individual Life Insurance Term Plan (UIN: 116N172V04)

*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.Above Tax benefit is calculated considering deduction of Rs. 150,000 and applicable tax rate of 31.20%.

~Individual Death Claim Settlement Ratio for FY 2023-2024

1Premium Holiday has to be selected at inception to avail this benefit and also depends on other policy terms & conditions


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


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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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

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Disclaimer

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) is only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

$Subject to Section 10 (10D) conditions i.e. aggregate annual premium for ULIP policies issued on or after 1st February 2021 does not exceed Rs. 2.5 Lakhs.

2Source: https://economictimes.indiatimes.com/investments-marts/eight-crucial-numbers-to-ensure-financial-success/10-times-the-annual-income-is-your-life-insurance/slideshow/16699748.cms. Subject to availability in Bajaj Allianz Life ULIP Plans. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

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

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Pay ₹10k/month and Get ₹1.26 Cr^

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26.8% Past 5 CAGR Returns*

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Zero LTCG Tax$

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Pay ₹10k/month and Get ₹1.26 Cr^

26.8% Past 5 CAGR Returns*

Zero LTCG Tax$

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*Benchmark: Nifty 500 Multifactor MQVLv 50 Index past 5 CAGR Returns, as on 30th May 2025. Past returns of a fund are not necessarily indicative of the future perf-ormance of the fund. | Please consult the financial advisor before investing.

$Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) 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

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the perf-ormance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01),  Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN- 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V03) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) carefully before concluding a sale.

Nifty 500 Multifactor 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01), Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN- 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V03)

In addition to the already existing funds, Nifty 500 Multifactor 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multifactor 50 Index Fund

^Above illustration is for Bajaj Allianz Life Smart Wealth Goal V is A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V02) considering Male aged 25 years | Standard Life | Variant- Wealth | Policy term (PT) - 35 years | Premium Payment Term (PPT) - 10 years | Total premiums paid Rs. 12,00,000 | Monthly Premium Payment Mode | Sum Assured Rs. 18,00,000 | Incase of unfortunate death during the 1st policy year, death benefit payable at 4% and 8% will be Rs. 18,00,000. This illustration is considering investment in "Bond Fund - ULIF02610/07/06BONDFUNDLI116” through Auto Transfer Portfolio Strategy and Goods & Service Tax (GST) of 18%.

Assumed investment returns on 35th Policy Year

CAGR#

                   ₹ 1,26,27,417

8%#

                   ₹ 40,23,358

4%#

#The assumed rate of returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy.

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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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

X
Disclaimer

$Tax benefits as per prevailing Section 10(10D) and Section 80C (under old tax regime) 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

 

1Minimum premium mentioned is applicable for Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01) and is subject to policy terms and conditions.

*Benchmark: Nifty 500 Multifactor MQVLv 50 Index past 5 CAGR Returns, as on 30th May 2025. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

 

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01),  Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN- 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V03) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) carefully before concluding a sale.

Nifty 500 Multifactor 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01), Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN- 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V03)

In addition to the already existing funds, Nifty 500 Multifactor 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multifactor 50 Index Fund

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Disclaimer

^Not available if policy issued after 30th May 2025 | *As on 28th March 2025 Past 5 Year CAGR returns in Benchmark Nifty 200 Alpha 30 Index. Please note that the fund aims to replicate the performance of benchmark index fund, subject to tracking error. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Smart Pension- A Unit -Linked, Non-Participating Individual Pension Plan (UIN- 116L209V01) is only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.

Nifty 200 Alpha 30 Index Pension Fund is available only with Bajaj Allianz Life Smart Pension- A Unit -Linked, Non-Participating Individual Pension Plan (UIN: 116L209V01).

In addition to other funds, Nifty 200 Alpha 30 Index Pension Fund is now available with Bajaj Allianz Life Smart Pension. Customer has an option to choose from other available funds apart from Nifty 200 Alpha 30 Index Pension Fund.

Death Benefit shall be the Fund Value, subject to a minimum of the 105% of Total Premiums Paid, as on the date of death.

Disclaimers:
Plus Symbol
Minus Symbol

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

 

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

BJAZ-WP-ECNF-15363/25

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