Unit Linked Insurance Plans : What is Ulip Plans & Policy in India
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Bajaj Allianz ULIP - Unit Linked Insurance Plans

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Learn MoreWhat is ULIP?

ULIP means a "Unit Linked Insurance Plan". ULIPs are financial instruments which when used intelligently, gives you the best of both worlds. It combines the characteristics of a market linked instrument and life insurance policy. Part of the premium goes into buying life insurance cover while the remaining part of the premium is invested in an asset class (equity/debt), based on one's choice. Asset class investment is made after deduction of known charges.

Bajaj Allianz ULIP returns best among equity oriented plans - Review by Financial Express Read more ...

Know MoreBenefits of Buying ULIP Online with Bajaj Allianz Life Insurance

  • Bajaj Allianz online unit-linked insurance plans offer the benefits of both life insurance and returns on market linked instruments.
  • They give the insured the option to participate in the capital markets.
  • On the death of the insured the sum insured or the market value of the investment (fund value), whichever is higher, is usually paid.
  • On maturity of the ULIP, the fund value is payable.
  • They offer an option pay a top-up premium
  • Option to change premium payment term & frequency
  • You can surrender or partially withdraw ULIPs as well

Know MoreHow to ensure maximum returns on your ULIP

ULIPs have an in-built range of fund options to choose which range from aggressive funds (primarily invested in equities with the general aim of capital appreciation) to conservative funds (invested in cash, bonds, and money market instruments with the aim of capital preservation). You can decide to invest your money in line with your market outlook, time horizon, and your investment preferences and needs

When you buy a ULIP plan, you also select the funds that you want to invest in. Based on your preference, you also select a percentage that you want to invest in each fund. This is called Fund Apportionment. During the policy period, you may want to change these investment amounts based on how the markets are performing. This activity is called Fund Switching. These days, various ULIPs offer the options of life stage strategy which keep dynamically altering on its own without you having to monitor the funds.

The tax advantage ofULIPs Plan

ULIPs are good for savvy investors who actively manage their equity and debt investments.

Holding Period Equity Funds Non-Equity Funds ULIPs
Less than 1 year 15% Tax rate applicable to investor No tax on switching from one fund option to another.
Partial withdrawals (allowed after 5 years) and maturity corpus is tax-free.
Over 1 year but less than 3 years Nil
Over Three years Nil 20% after indexation
  Domestic equity funds and equity-oriented hybrid funds. Includes all other funds (debt, liquid, MIPs, fund of funds, gold funds, global funds). If life cover is 10 times the annual premium.

While the low charges of new ULIPs make them attractive, the main advantage is the seamless and tax-efficient transfer from debt to equity, and vice versa. This switching may be for varied reasons, including rebalancing the portfolio or even timing the markets by savvy investors.

Learn MoreFrequently Asked Questions and Support

(Toll Free) 1800-209-0144

SMS LIFE @ 56070

ULIP Policies to Surrender or Not to Surrender?

ULIP Policies to Surrender or Not to Surrender

Disclaimer: 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) under either Fully or Partially Blocked category, any call made or SMS 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.

Disclaimer: Insurance is the subject of the solicitation. For more details about risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. Please note that the name of the Bajaj Allianz product/plan does not indicate the quality of the insurance contract and its future prospects or returns. Investment in ULIPs is subject to market risks associated with capital markets. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Service tax and education cess will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.