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 Goal-Based Saving II Plan

The Bajaj Life Goal-Based Saving II Plan is a Unit-Linked Life Insurance Plan (ULIP) that aims to help individuals accumulate wealth and provide family protection through life insurance cover. The investment plan enables policyholders to invest in market-based funds and pursue long-term financial objectives, such as retirement, children's education, or wealth accumulation.

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17.3 Crore
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Eligibility Criteria for the Bajaj Life Goal-Based Saving II Plan

Criteria Details
Minimum Entry Age 0 years
Maximum Entry Age 60 years
Minimum Policy Term 10 years
Maximum Policy Term 25 years
Minimum Premium As per plan guidelines
Maximum Premium Subject to underwriting

Features of Bajaj Life Goal-Based Saving II Plan

Here are the key features of the plan:

  1. Goal-Based Investment Approach

    The plan enables the investors to choose investment funds that meet their financial objectives.

  2. Life Insurance Coverage

    The plan also provides life coverage to protect the family of the policyholder in the event of investment losses.

  3. Multiple Fund Options

    The policyholders can choose to invest in equity, debt, or a balanced fund, depending on the level of risk they are willing to take.

  4. Flexibility of Premium Payments

    The plan offers regular or limited premium payments depending on various financial circumstances.

  5. Long-Term Wealth Creation

    The long-term investment will allow policyholders to potentially increase their savings by receiving returns that are linked to the market.

    Individuals exploring structured savings options may also consider a savings plan to build a disciplined financial portfolio.

Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

Benefits of the Bajaj Life Goal-Based Saving II Plan

Below are the benefits under the Bajaj Life ULIP Plan:

  1. Life Cover Benefit

    In case of the policyholder’s unfortunate demise during the policy term, the nominee receives the applicable death benefit as per policy conditions.

  2. Maturity Benefit

    If the policyholder survives until the end of the policy term, the fund value accumulated through investments is paid as the maturity benefit.

  3. Goal Planning Advantage

    The plan helps individuals stay committed to long-term goals such as education, retirement, or wealth accumulation.

  4. Market-Linked Returns

    Given the connection between the policy and market performance, one can expect higher returns from funds.

  5. Tax Advantages

    The premiums paid and benefits received can be subjected to tax benefits as provided by the income tax laws.

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 Goal-Based Saving II Plan

Riders can enhance the protection offered by the base policy. Some optional riders may include:

  • Accidental Death Benefit Rider
  • Critical Illness Rider
  • Accidental Permanent Total/Partial Disability Rider
  • Waiver of Premium Rider

Policy Details of the Bajaj Life Goal-Based Saving II Plan

Some of the significant policy provisions are listed below:

  1. Grace Period

    • 15 days under the monthly premium payment mode.
    • 30 days for annual, semi-annual, or quarterly premium payment options.
  2. Revival

    • It is during the period of permitted renaissance of lapsed policies.
    • Reviving the policy will require paying all due premiums and other charges.
  3. Free Look Period

    • The policyholders would be able to go through the policy within 15 days after receiving it.
    • In case the terms and conditions are not satisfactory, the policy can be cancelled.
    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  4. Surrender

    • It is possible to give up the policy once the lock-in period is over.
    • The surrender process will be done based on the pertinent policy terms.
  5. Fund Switching

    • Policyholders can change investment funds.
    • This helps control investment risk in line with market conditions or financial objectives.

Exclusions Under the Bajaj Life Goal-Based Saving II Plan

  1. Suicidal Cover

    In case the policyholder has committed suicide within the 12 months in the policy commencement date or revival date, the benefits of the policy will be restricted according to the policy rules.

  2. Total Permanent Disability (TPD)

    The benefits associated with total permanent disability can only be paid in case the disability is as per the conditions set in the policy, and it arises during the term of the policy.

    Explore some of the best investment plans to know more about the criteria, features, and eligibility by comparing and choosing the best option.

FAQs

  • Can I switch between funds under this plan?

    Yes. In accordance with the risk level and market prospects, policyholders are free to change the type of investment funds to invest in according to their preferences.
  • Is there a lock-in period for this plan?

    Yes. As with a typical ULIP, the plan also includes the obligatory lock-in period, where withdrawals are limited.
  • Who should consider investing in this plan?

    This plan could be taken into account by individuals who want to combine disciplined savings with life insurance protection and a long-term increase in the value of their investments.
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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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