In Unit Linked Insurance Policies, the investment risk is borne by the policyholder. These insurance products do not offer any liquidity in the first 5 years, as they have a mandatory lock-in period of 5 years. During this period, the policyholder cannot fully or partially withdraw the invested amount or surrender the policy.

Bajaj Life Future Wealth Gain III Plan

The Bajaj Life Future Wealth Gain III Plan is designed to help people integrate life protection with market-based investment opportunities. The plan enables policyholders to invest their premiums in various funds as long as they have life insurance coverage for their families. It has life policy conditions, a variety of investment plans, and optional riders that are available to add protection.

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Eligibility Criteria for the Bajaj Life Future Wealth Gain III Plan

Criteria Details
Minimum Entry Age 0 Years
Maximum Entry Age 60 Years
Minimum Maturity Age 18 Years
Maximum Maturity Age 75 Years
Policy Term 10 Years Or 15–25 Years
Premium Payment Term 5, 7, 10, Or 15 Years
Premium Payment Frequency
  • Yearly
  •  Half-Yearly
  • Quarterly
  •  Monthly
Minimum Annual Premium ₹50,000
Minimum Top-Up Premium ₹5,000

Features of Bajaj Life Future Wealth Gain III Plan

The plan offers several features designed to support investment growth and protection. Here are the key features of the plan:

  1. Two Portfolio Strategies

    The policyholders may select either the following or

    • Portfolio Strategy Investor Selectable.
    • Wheel of Life Portfolio Strategy.

    The strategies specify the way funds are used within the period of the policy.

  2. Top-Up Premium Facility

    Top-up premiums may be made as additional investments during the policy term.

  3. Partial Withdrawal Option

    Part withdrawals can take place after the five-year lock-in period expires.

  4. Loyalty Additions

    Other units can be added to the fund value at certain intervals in case the premiums are paid regularly. With a Bajaj Life ULIP Plan, policyholders can invest premiums in different funds while maintaining life cover.

  5. Fund Booster

    Upon maturity, there is the possibility of the policyholder getting a fund booster, raising the final fund value.

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Benefits of the Bajaj Life Future Wealth Gain III Plan

Below are the key benefits of the plan:

  1. Death Benefit

    Upon the death of the life assured throughout the period of the policy, the nominee gets the greater of:

    • Prevailing Sum Assured and Top-Up Sum Assured.
    • Fund Value to date of death.
    • The payout will be limited to at least 105% of all premiums paid.
  2. Maturity Benefit

    In case the life assured lives till the expiry of the policy term, the policyholder will get:

    • Frequent Premium Fund Value + Top-Up Premium Fund Value

    The amount of the maturity would be final based on the performance of the chosen investment funds.

  3. Income Benefit (Under Wealth Plus Care Variant)

    In case the life assured passes away or is diagnosed with cancer during the payment period of the premiums, there is an option of periodic payment of an extra income benefit over the remaining period of the payment of the premiums.

Fund Name NAV sort icon AUM sort icon 5 Yr Returns sort icon 10 Yr Returns sort icon
Bajaj Life Nifty 200 Alpha 30 Index Fund ₹9.14 ₹238 Cr - -
Bajaj Life Liquid Fund ₹35.09 ₹479 Cr 5.45% 4.21%
Bajaj Life Bond Fund ₹45.18 ₹1512 Cr 5.42% 5.95%
Bajaj Life Bluechip Equity Fund ₹43.62 ₹830 Cr 7.06% 11.62%
Bajaj Life Equity Growth Fund II ₹69.59 ₹3808 Cr 6.1% 10.98%
Bajaj Life Accelerator Mid-Cap Fund II ₹81.4 ₹5515 Cr 9.6% 12.23%
Bajaj Life Pure Stock Fund ₹146.26 ₹6974 Cr 8.01% 12.02%
Bajaj Life Asset Allocation Fund II ₹31.25 ₹234 Cr 5.94% 8.78%
Bajaj Life Pure Stock Fund II ₹25.21 ₹4454 Cr 7.54% -
Bajaj Life Flexi Cap Fund ₹16.76 ₹3728 Cr - -
Bajaj Life Sustainable Equity Fund ₹15.07 ₹353 Cr - -
Bajaj Life Small Cap Fund ₹20.64 ₹5305 Cr - -
Bajaj Life Dynamic Asset Allocation Fund ₹11.99 ₹69 Cr - -
Bajaj Life Nifty Alpha 50 Index Fund ₹9.27 ₹947 Cr - -
Bajaj Life Focused 25 Fund ₹11.34 ₹378 Cr - -
Bajaj Life India Consumption Fund ₹9.43 ₹175 Cr - -
Bajaj Life Opportunities Fund ₹10.32 ₹205 Cr - -
Bajaj Life Asset Allocation ₹53.93 ₹494 Cr 6.07% 8.56%
Bajaj Life Cash Plus Pension ₹44.2 ₹3 Cr 5.42% 5.23%
Bajaj Life Debt Plus Pension ₹51.5 ₹3 Cr 5.45% 5.97%
Bajaj Life Pure Stock Pension ₹87.75 ₹8 Cr 5.76% 8.88%
Bajaj Life Equity Mid Cap Plus ₹225.06 ₹138 Cr 10.47% 11.71%
Bajaj Life Equity Plus Pension ₹206.32 ₹18 Cr 5.74% 10.62%
Bajaj Life Accelerator Mid Cap ₹135.43 ₹457 Cr 9.96% 11.62%
Bajaj Life Cash ₹30.28 ₹19 Cr 3.7% 3.42%
Bajaj Life Debt ₹33.13 ₹28 Cr 3.82% 3.9%
Bajaj Life Equity ₹97.1 ₹143 Cr 6.03% 10.31%
Bajaj Life Cash Plus ₹44.57 ₹30 Cr 5.56% 5.38%
Bajaj Life Debt Plus ₹47.83 ₹40 Cr 5.55% 5.94%
Bajaj Life Equity Gain ₹151.94 ₹284 Cr 4.44% 9.04%
Bajaj Life Equity Plus ₹196.05 ₹476 Cr 6.06% 10.69%
Bajaj Life Pure Equity ₹156.49 ₹41 Cr 8.54% 12.3%
Bajaj Life Bond Pension ₹43.79 ₹9 Cr 5.22% 5.52%
Bajaj Life Equity Index ₹159.67 ₹82 Cr 7.5% 11.92%
Bajaj Life Equity Growth ₹84 ₹2083 Cr 5.88% 10.34%
Bajaj Life Equity Mid Cap ₹139.02 ₹62 Cr 8.73% 10.03%
Bajaj Life Life Long Gain ₹28.9 ₹6 Cr 3.56% 4.08%
Bajaj Life Premier Equity Growth ₹72.51 ₹5 Cr 4.63% 9.22%
Bajaj Life Equity Index II ₹77.7 ₹1318 Cr 7.06% 11.3%
Bajaj Life Equity Index Pension ₹142.9 ₹2 Cr 7.53% 11.99%
Bajaj Life Equity Growth Pension ₹97.46 ₹39 Cr 5.74% 10.63%
Bajaj Life Equity Index Pension II ₹81.53 ₹60 Cr 7.2% 11.79%
Bajaj Life Asset Allocation Pension ₹52.6 ₹28 Cr 5.84% 8.69%
Bajaj Life Accelerator Mid Cap Pension ₹151.76 ₹32 Cr 10.84% 12.04%
Bajaj Life Premier Equity ₹71.6 ₹10 Cr 6.08% 10.28%
Bajaj Life Premier Equity Gain ₹99.04 ₹20 Cr 4.73% 9.55%
Bajaj Life Assured Return ₹26.72 ₹1 Cr 4.8% 5.36%
Bajaj Life Discontinued Life Policy Fund ₹18.29 ₹4713 Cr 5.65% 5.17%
Bajaj Life Discontinue Pension Policy Fund ₹17.36 ₹7 Cr 5.51% 5.21%
Bajaj Life Pension Builder Fund ₹19.48 ₹45 Cr 4.15% 5.2%
Bajaj Life Builder Bond Fund ₹17.74 ₹29 Cr 4.37% 5.02%
Bajaj Life Group Debt Fund ₹40.23 ₹61 Cr 5.19% -
Bajaj Life Secure Fund ₹60.67 ₹4111 Cr 5.11% 6.9%
Bajaj Life Stable Fund ₹68.73 ₹736 Cr 5.08% 7.2%
Bajaj Life Group Asset Allocation Fund ₹50.18 ₹51 Cr 6.3% -
Bajaj Life Group Blue Chip Fund ₹48.31 ₹3 Cr 7.6% -
Bajaj Life Group Equity Fund ₹52.63 ₹48 Cr 6.12% -
Bajaj Life Group Balanced Gain Fund II ₹17.18 ₹7 Cr 7.07% -
Bajaj Life Group Debt Fund II ₹24.87 ₹1184 Cr 5.38% -
Bajaj Life Group Debt Fund III ₹17.64 ₹118 Cr 5.08% -
Bajaj Life Group Liquid Fund II ₹17.11 ₹7 Cr 5.53% -
Bajaj Life Group Equity Index Fund ₹44.63 ₹27 Cr 6.79% -
Bajaj Life Nifty 200 Alpha 30 Index Pension Fund ₹10.66 ₹36 Cr - -
Bajaj Life Liquid Pension Fund II ₹10.67 ₹3 Cr - -
Bajaj Life Nifty 500 Low Volatility 50 Index Pension Fund ₹10.19 ₹4 Cr - -
Bajaj Life BSE 500 Quality 50 Index Pension Fund ₹10.15 ₹5 Cr - -
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Riders Under the Bajaj Life Future Wealth Gain III Plan

Riders allow policyholders to enhance coverage under the base plan:

Rider Name Coverage
Bajaj Life ULIP Accidental Death Benefit Rider Provides additional payout in case of accidental death
Bajaj Life ULIP Accidental Permanent Total/Partial Disability Rider Offers protection in case of accidental disability
Bajaj Life ULIP Waiver Of Premium Benefit Rider Waives future premiums in case of specified events

These riders are optional and require payment of additional premiums.

Policy Details of the Bajaj Life Future Wealth Gain III Plan

  1. Grace Period

    A grace period is available for premium payments:

    • 30 days for the yearly premium mode
    • 15 days for the monthly premium mode

    During this time, the policy remains active with life cover.

  2. Revival

    A discontinued policy may be revived within three years from the date of the first unpaid premium, subject to the insurer’s approval and payment of due premiums.

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  3. Free Look Period

    Policyholders have 15 days (30 days for electronic or distance policies) from receiving the policy document to review and cancel the policy if the terms are not acceptable.

  4. Surrender

    The policy can be surrendered at any time. If surrendered during the first five years, the fund value will be transferred to the discontinued policy fund and paid after the lock-in period.

  5. Fund Switching

    Policyholders can switch units between available funds depending on their investment preferences and strategy. The best investment plans include a mix of savings plans, market-linked policies, and retirement-focused investments.

Exclusions Under the Bajaj Life Future Wealth Gain III Plan

  1. Suicidal Cover

    If the life assured dies due to suicide within 12 months from the policy start date or revival date, the nominee will receive the fund value as per policy conditions.

  2. Total Permanent Disability (TPD)

    Coverage for total permanent disability is provided only if the policyholder has selected a rider offering disability protection.

FAQs

  • What is the lock-in period under this plan?

    The plan has a five-year lock-in period during which withdrawals and surrender benefits are restricted.
  • Can I withdraw money from this policy?

    Yes, partial withdrawals can be made after completion of the lock-in period, subject to the policy terms and minimum fund value requirements.
  • Can I switch between investment funds?

    Yes, the policy allows switching between different funds according to the chosen portfolio strategy.
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Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1274 Reviews)

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Bajaj Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1274 Reviews)
(Showing Newest 10 reviews)
Nishant
New Zealand, November 05, 2026
★★★★★
Overall Service Experience
Good experience with pb. Process was little slow but i am happy with my plan
Devang
Australia, November 05, 2026
★★★★★
Support for First-Time NRI Investor
This was my first time buying investment plan from abroad and policybazaar helped me. Good policy they gave me
Ayesha
Canada, November 02, 2026
★★★★★
Reviewing Policy Terms
Kotak einvest plus is what i picked after almost a week of comparing plans policybazaars comparison tool actually helped a lot saved me time no regrets so far
Tarun
UK, November 02, 2026
★★★★★
NRI Investment Enquiry
Policybazaar is a good place to compare different plans.
Kunal
USA, November 02, 2026
★★★★★
Good Communication
I got clear answers to my doubts. It was helpful to get guidance without visiting India. kudos
Prateek
Chennai, November 02, 2026
★★★★★
Savings While Working Abroad
I wanted to keep investing in India while working overseas. The online assistance was useful and helped me understand the process.
Sangeeta
Bhopal, October 31, 2026
★★★★★
Very Pleased With Service
Bharti axa efuture invest plan policybazaar advisor helped me understand fund allocation properly which i was struggling with on my own overall a good experience buying this ulip
Rohit
Ranchi, October 30, 2026
★★★★★
Fine Plan So Far
edelweiss life wealth plus rising star took it few months back too early to comment on returns but the buying process through policybazaar was quick and painless
Chitra
Indore, October 29, 2026
★★★★★
Amazing Support Throughout
generali central easy invest online plan works well for my monthly savings goal policybazaar advisor followed up even after purchase to check if everything is fine nice touch
Mohit
Argentina, October 28, 2026
★★★★★
Planning for Future Needs
I was looking for an investment option for future needs in India. I will recommend policybazaar for everyone who do not have any idea what to buy.


˜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 Insurance Brokers Private Limited 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
Disclaimer: #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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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