Bajaj Life ULIP (Unit Linked Insurance Plan) is a financial solution that seamlessly combines insurance and investment. These investment plans offer a unique avenue for you to protect your loved ones while simultaneously growing your wealth.
Returns as on 12-09-2026. The returns are the returns of best-performing fund in the plan
Disclaimer : ˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s
insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.inRead MoreRead Less
Key Features of Bajaj Life ULIP Plans
Wide Range of ULIP Variants:
Different ULIP plan structures align with wealth accumulation, retirement planning, child-focused goals, protection needs, and legacy creation objectives.
Multiple Investment Strategies:
Portfolio allocation approaches and fund management strategies support varied investment preferences and market outlooks.
Loyalty Additions and Wealth Boosters:
Several variants include loyalty rewards, guaranteed wealth boosters, and maturity-based fund enhancements during long-term continuation.
Return of Mortality Charges:
Selected plans credit back mortality charges at maturity under applicable policy conditions.
Unlimited Fund Switching Flexibility:
Investment allocation between available funds can be modified without switching restrictions in multiple variants.
Systematic Withdrawal and Settlement Options:
Structured payout facilities support recurring income planning and flexible maturity benefit distribution.
Whole Life and Long-Term Protection Structures:
Certain variants extend protection up to whole life coverage for legacy-oriented financial planning.
Why Invest in India's Growth Story?
Stabilised income, digital growth and widespread awareness have created more scope for adopting insurance channels.
Recent industry trends reflect this sustained momentum. India’s life insurance sector recorded more than ₹3.97 lakh crore in individual new business premiums during FY26, while overall insurance penetration in the country stood at 3.7% of GDP according to IRDAI estimates.
As the idea behind long term fiscal planning becomes more regulated, insurance products continue to build wealth creation. Bajaj Life investment plans align with this approach through various fund options, premium plans and long-term investment channels.
Bajaj Life Insurance is a prominent insurance company that offers various life insurance products. Established as a joint venture between Bajaj Finserv Limited and Life SE, it combines the expertise of an Indian financial group with the global insurance know-how of Life.
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How Much Historical Returns are Provided by the ULIP Plans?
Investment Scenario
Monthly Investment:
₹30,000
Investment Duration:
15 years
Exit Timeline:
After 20 years
Product Category:
Market-Linked ULIP
Scenario 1:
Returns @ 4%
Bajaj Life ULIP Plan
Estimated Maturity Value
Assumed Return Rate
Bajaj Life Goal Assure IV
₹74.5 L
4%
Bajaj Life Smart Secure ROP
₹73.8 L
4%
Bajaj Life Invest Protect Goal Plus
₹75.1 L
4%
Bajaj Life GAIN
₹76.8 L
4%
Bajaj Life Magnum Fortune Plus III
₹73.2 L
4%
Bajaj Life Future Wealth Gain IV
₹75.6 L
4%
Bajaj Life Supreme – Gold
₹77.2 L
4%
Bajaj Life Supreme – Horizon
₹78.1 L
4%
Bajaj Life Supreme – Advantage
₹77.4 L
4%
Bajaj Life Goal Based Savings III
₹72.9 L
4%
Bajaj Life Fortune Gain II
₹71.8 L
4%
Scenario 2:
Returns @ 8%
Bajaj Life ULIP Plan
Estimated Maturity Value
Assumed Return Rate
Bajaj Life Goal Assure IV
₹1.22 Cr
8%
Bajaj Life Smart Secure ROP
₹1.20 Cr
8%
Bajaj Life Invest Protect Goal Plus
₹1.25 Cr
8%
Bajaj Life GAIN
₹1.29 Cr
8%
Bajaj Life Magnum Fortune Plus III
₹1.18 Cr
8%
Bajaj Life Future Wealth Gain IV
₹1.24 Cr
8%
Bajaj Life Supreme – Gold
₹1.32 Cr
8%
Bajaj Life Supreme – Horizon
₹1.33 Cr
8%
Bajaj Life Supreme – Advantage
₹1.31 Cr
8%
Bajaj Life Goal Based Savings III
₹1.17 Cr
8%
Bajaj Life Fortune Gain II
₹1.16 Cr
8%
Note:Actual fund value may vary depending on market performance, policy charges, mortality deductions, loyalty additions, and investment duration across different Bajaj Life ULIP variants.
Benefits of Bajaj Life ULIP Plans
Long-Term Market-Linked Wealth Creation:
Exposure to equity and debt-oriented funds creates opportunities for capital appreciation over extended investment horizons.
Insurance Protection Alongside Investments:
Financial security for dependents continues while the investment component builds future wealth.
Flexibility Across Financial Goals:
Different ULIP variants align with retirement planning, child education funding, wealth transfer, and long-duration savings objectives.
Liquidity During Policy Tenure:
Partial withdrawal facilities create access to accumulated funds after completion of the lock-in period.
Adaptability to Changing Investment Needs:
Fund switching and top-up premium options support evolving financial priorities and portfolio strategies.
Enhanced Long-Term Fund Value:
Loyalty additions, maturity boosters, and return-of-charge features strengthen corpus accumulation in selected plans.
Tax-Efficient Financial Planning:
Eligible premiums and policy proceeds may qualify for tax-related advantages under prevailing tax regulations, subject to applicable conditions.
List of Bajaj Life ULIP Plans
Bajaj Life ULIP plans span market-linked investment solutions focused on wealth accumulation, long-term protection, retirement planning, child-focused goals, and legacy creation. The table below compares the major eligibility conditions, premium structure, and policy tenure across prominent Bajaj Life ULIP plans.
Bajaj Life ULIP Plan
Entry Age
Maximum Maturity Age
Premium Payment Term (PPT)
Policy Term (PT)
Minimum Premium
Bajaj Life Goal Assure IV
0 - 60 years
75 years
Regular / Limited Pay
10 years and above
As per selected variant
View plan
Bajaj Life Smart Secure ROP
18 - 60 years
75 years
Regular Pay
10 - 40 years
As per selected variant
View plan
Bajaj Life Invest Protect Goal Plus
Classic: 18 - 60 years, Elite: 18 - 65 years
100 years
Limited Pay: 5 - 12 years, Regular Pay: Equal to PT
Let us learn about these plans quickly in the sections mentioned below:
Bajaj Life Goal Assure IV
Bajaj Life Goal Assure IV is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan structured around long-term goal-based wealth accumulation with integrated life insurance protection.
Key Features of Bajaj Life Goal Assure IV:
NFO: SmallCap Quality Index Fund:
Market-linked investment opportunity through dedicated index fund exposure.
Return of Mortality Charges and Loyalty Additions:
Mortality charges are credited back at maturity alongside loyalty additions.
Four Investment Portfolio Strategies:
Multiple portfolio allocation approaches align with varying investment preferences
Fund Booster at Maturity:
Fund value enhancement becomes available at maturity.
Multiple Fund Options:
Investment allocation spans different market-linked fund categories.
Settlement Option:
Maturity proceeds can be received through lump sum or structured payout options.
Partial Withdrawal Facility:
dLiquidity access becomes available after completion of the lock-in period.
Bajaj Life Smart Secure ROP
Bajaj Life Smart Secure ROP combines market-linked investment growth with long-term financial protection and return-oriented maturity benefits.
Key Features of Bajaj Life Smart Secure ROP:
Life Cover Protection:
Lump sum payout structure becomes payable in case of death during the policy term.
Accidental Death and Disability Protection:
An additional protection structure applies under eligible accidental conditions.
Market-Linked Wealth Accumulation:
Investment value remains linked with market performance.
Return of Premium Structure:
Eligible premium components become payable at maturity under applicable conditions.
Flexible Policy Duration:
Multiple policy term combinations align with varying financial objectives.
Bajaj Life Invest Protect Goal Plus
Bajaj Life Invest Protect Goal Plus is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan centred around market-linked wealth accumulation alongside long-term financial protection. The plan includes Classic and Elite variants.
Key Features of Bajaj Life Invest Protect Goal Plus:
Classic and Elite Variants:
Separate plan structures align with varying protection and investment requirements.
Guaranteed Wealth Booster:
Guaranteed additions are credited during long-term continuation.
Return of Mortality Charges:
Life cover charges deducted during the policy term are credited back at maturity.
Multiple Investment Strategies:
Fund and portfolio allocation choices align with varying risk appetites.
Bajaj Life GAIN is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan. It clubs market-linked investment growth with life insurance protection through Growth and Secure variants.
Key Features of Bajaj Life GAIN:
Growth and Secure Variants:
Separate variants align with different life stages and financial objectives.
Whole Life Cover Option:
Selected variants include a whole life protection structure for legacy-focused planning.
Systematic Partial Withdrawal Facility:
Monthly payout structure becomes available after completion of five policy years.
Unlimited Fund Switching:
Investment allocation between funds can be modified without switching charges.
Investment allocation spans multiple equity, debt, and balanced fund categories..
Bajaj Life Magnum Fortune Plus III
Bajaj Life Magnum Fortune Plus III is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan structured around long-term financial planning, life insurance protection, and market-linked investment growth.
Key Features of Bajaj Life Magnum Fortune Plus III:
Life Cover Throughout Policy Term:
Financial protection continues throughout the selected policy duration.
Wide Range of Funds and Portfolio Strategies:
Multiple investment allocation choices align with varying financial goals.
Loyalty Additions:
Additional fund value credits begin from the 10th policy year onwards.
Unlimited Free Switches:
Fund allocation changes remain available without switching restrictions.
Return of Mortality Charges:
Mortality charges deducted during the policy term are credited back at maturity.
Settlement Option:
Maturity proceeds can be received through lump sum or structured payout options.
Bajaj Life Future Wealth Gain IV
Bajaj Life Future Wealth Gain IV is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan combining long-term financial protection with market-linked investment growth.
Key Features of Bajaj Life Future Wealth Gain IV:
High Life Insurance Cover:
Multiple sum assured structures align with varying protection needs.
Periodic Loyalty Additions:
Additional fund value credits apply at intervals during long-term continuation.
Multiple Fund and Investment Strategy Options:
Investment allocation choices align with varying risk preferences.
Settlement Option:
Death and maturity proceeds can be received through an instalment payout structure.
Multiple Policy Term Choices:
Policy duration combinations extend up to whole life coverage.
Premium Reduction Flexibility:
Reduction in regular or limited premium remains available under policy conditions.
Bajaj Life Supreme – Gold
Bajaj Life Supreme – Gold is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan centred around long-term market-linked wealth accumulation with loyalty-based fund enhancements.
Key Features of Bajaj Life Supreme – Gold:
Market-Linked Wealth Accumulation:
Fund growth remains linked with capital market performance.
Systematic Partial Withdrawal Facility:
Structured withdrawals support recurring income planning.
Investment allocation changes remain unrestricted during the policy term.
Settlement Option:
Maturity proceeds can be received through lump sum or systematic payouts.
Guaranteed Death Benefit:
Death benefit remains subject to policy terms and guaranteed conditions.
Bajaj Life Supreme – Horizon
Bajaj Life Supreme – Horizon is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan focused on long-term market-linked growth with loyalty additions and wealth booster benefits.
Key Features of Bajaj Life Supreme – Horizon:
Guaranteed Wealth Booster:
Additional fund enhancement applies during long-term policy continuation.
Return of Mortality Charges and Loyalty Additions:
Long-term continuation benefits strengthen overall fund value.
Market-Linked Wealth Accumulation:
Fund growth remains linked with market performance.
Systematic Partial Withdrawal Facility:
Structured withdrawal options support recurring income planning.
Whole Life Cover Structure:
Long-term protection supports wealth transfer and legacy planning.
Unlimited Fund Switching:
Switching between available funds remains unrestricted.
Settlement Option:
Maturity benefits can be received through a systematic payout structure.
Bajaj Life Supreme – Advantage
Bajaj Life Supreme – Advantage is a Unit-Linked Non-Participating Individual Life Savings Insurance Plan. It combines market-linked investment growth with long-term protection and wealth booster benefits.
Key Features of Bajaj Life Supreme – Advantage:
Systematic Partial Withdrawal Facility:
Structured withdrawals support secondary income planning.
Investment allocation adjustments remain unrestricted during the policy term.
Settlement Option:
Maturity proceeds can be received through an instalment payout structure.
Bajaj Life Goal Based Savings III
Bajaj Life Goal Based Savings III is a long-term savings accumulation with market-linked returns and a life insurance protection plan.
Key Features of Bajaj Life Goal Based Savings III:
Regular, Limited, and Single Premium Options:
Multiple premium structures align with varying financial commitments.
Additional Premium Allocation:
Additional allocation applies to modal premiums during the first policy year.
Return of Mortality Charges at Maturity:
Mortality charges become payable at maturity under eligible premium variants.
Partial Withdrawal Facility:
Liquidity access becomes available through fund withdrawals after lock-in completion.
Unlimited Free Fund Switching:
Investment allocation between available funds remains unrestricted.
Settlement Option:
Death and maturity benefits can be received as structured payout options.
Multiple Policy Term Choices:
Different premium payment and policy duration combinations remain available.
Bajaj Life Future Gain II
Bajaj Life Future Gain II is a unit-linked, non-participating individual life insurance plan that offers the dual benefit of protection and growth. It comes with two variants: Wealth Plus and Wealth Plus Care..
Key Features of Bajaj Life Future Gain II:
Maximum Premium Allocation:
Optimal utilisation of premiums for investment that maximises the value of your policy
Life Cover:
Comprehensive life coverage to ensure financial protection for the policyholder.
Choice of 2 Investment Strategies:
Flexibility for you to select from two investment strategies based on your financial goals and risk tolerance.
Unlimited Free Switches:
Freedom to reallocate funds without incurring any charges. This allows for strategic investment adjustments.
Surrender Benefit:
Option for policy surrender with associated benefits, providing you with flexibility.
Additional Rider Benefit:
Supplementary benefits through optional riders for enhanced coverage tailored to individual needs.
Tax Benefits:
Enjoy tax advantages on premium payments and maturity proceeds, maximising savings under prevailing tax regulations.
Why Buy an Bajaj Life ULIP Plans from Policybazaar?
Over 9 lakh customers have invested ₹12,400 Cr through Policybazaar
No hidden charges. All costs and returns are clearly disclosed
Certified advisors provide unbiased guidance based on your needs
IRDAI-regulated, ensuring advice is in the customer’s interest
Bajaj Life ULIPs can be a good option for individuals with a long-term investment horizon and a moderate to high-risk appetite who are looking for a product that offers both life insurance coverage and the potential for market-linked returns. However, it is important to carefully compare different plans, understand the charges involved, and consider your own financial situation before making a decision.
Can I withdraw from the Bajaj ULIP Plan after 5 years?
Yes, you can partially withdraw funds from your Bajaj ULIP plan after 5 years.
Is the Bajaj ULIP Plan good for 5 years?
Bajaj Life Insurance for 5 years or more offers a variety of ULIP plans with different features and benefits. Some of their popular ULIP plans include Future Gain II, Wealth Gain Advantage, and Fortune Gain. If you have long-term investment goals and are comfortable with the risks involved, a ULIP plan could be a good option for you for 5 years.
What are the modes of payment available to pay premium?
You can pay the premium from any of these approved methods
ECS
NEFT
Cash/Cheque Payments
What is the company’s process to settle claims for Bajaj Life ULIP plans?
Bajaj Alliance Life Insurance aims to provide a faster claims settlement service. You must submit the valid documentation along with a suitable claims form and submit it to the nearest branch in your city. Upon receiving the documents and processing them, your claim is settled within 30 days. The claim amount is directly deposited into your bank account. However, if a claim settlement is delayed beyond 30 days, the company pays an 11% interest for every day's delay
What is the policy cancellation process for Bajaj Life ULIP plans?
Bajaj Alliance Life Insurance policyholders must attach all the relevant policy documents along with a duly filled-out surrender form at any of the branch locations in their city. The value of their refund will be calculated based on the current NAV value, if the documents are submitted before 3:00 PM, else the next day’s market rates will be applicable.
What is the policy cancellation process for Aviva Life ULIP plans?
The Aviva Life Insurance policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The value of their units will be calculates at the current market rates, if documents are submitted before 3:00 PM, else the next day’s market rates will be used to calculate unit price.
"The traditional plan of mine is good and the premium is less. Policy cover maximum expenditures and scenarios. Service is quick and good behaviour of the staff is nice. Online service is quite good actually which gives an option to renew the policy."
PS
Prashant
Jalpaiguri, January 16, 2025
Damn Good
"My traditional policy plan is with bajaj allianz life insurance. The service you provide is awesome guys. Policy coverage and claims are high but the premiums are low. The return amount is approx. Rs.74 L. The investment is ~90 K per year. This policy safe good range of taxes also. Fantastic work."
MA
Mohamed
Delhi, January 16, 2025
Nice insurance.
"My life insurance is with bajaj. Policy coverage is 80% and the claim is Rs.19 lakh. Service is fast enough to do work at correct time. The premature policy claim around 5-9 lakh.
Plan Name: Future Gain
Agent Code: BPW00249"
BS
Baljeet
Delhi, January 16, 2025
"Great Experience"
"Very few company gave plan like I got from Bajaj Allianz Life Insurance. Policy coverage is around 85% and the services are five out five star. Claims are 90% with extra benefits like ambulance charges. Really happy with policy :)
Plan Name: Future Gain
Agent Code: BPW01312"
RV
Raghuram
Noida, January 16, 2025
"Fantastic"
"Bajaj Allianz Life Insurance provide me good policy. Number of benefits are there in single policy. The policy coverage is high with low premiums. Service is good and on time, no delay in any case. Claims are also easily manageable.
Plan Name: Future Gain
Agent Code: BBE06895"
SS
Saurabh
Mathura, January 16, 2025
"Average"
"I have life insurance policy from last year from Bajaj Allianz General Insurance. The experience is great and the service you provide was marvelous. The premium is high but the return Paybacks are also really very high. Secure future, I'm happy with you.
Plan Name: Future Gain
Agent Code: BBE06002"
DP S
DEV
Bilaspur, January 16, 2025
"Perfect"
"Recently buy traditional plans and like everyone else policy provide the great deals but really works. Policy coverage is good and claims are very easy to get with very fast service provided by the policybazaar.
Plan Name: Future Gain
Agent Code: BBE06002"
NKJ
Nitin
Ajmer, January 16, 2025
"Excellent"
"I purchase life insurance from Bajaj Allianz Life Insurance. It is costly but the services are really great. The claims are really high, and easily processed without any paperwork. The coverage are almost (70-80)%. Happy I have it.
Plan Name: Future Gain
Agent Code: BBE06765 "
SK
Sheetal
Delhi, January 16, 2025
"Real Plan"
"Bajaj insurance is better then others. Purchase life insurance traditional plan policy and it feel's good because of great benefits like policy coverage, claiming process, cashless garages an many more. The service is very fast and on time.
Plan Name: Future Gain
Agent Code: BBE06002
"
SN
Subrata
Kolar, January 16, 2025
Policy coverage is good.
"I have policy plan and the coverage is really good 89%. Bajaj allainz provide the best plans. The service is fast and daily updates mailed and texted. Claim is Rs.23 lakh. Nice policy with premium Rs.2500 per month.
Plan Name: Future Gain
Agent Code: BPW00249"
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
