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 III Plan

The Bajaj Life Goal-Based Saving III Plan helps an individual save and accumulate wealth over a certain duration of time, and ensures that the family's financial future is secured. This Unit-Linked Insurance Plan (ULIP) allows the policyholders to invest in market-linked funds and to align their investments to meet some of their targets in life, which include education, retirement, and wealth creation.

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ULIP Plans

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

Criteria Details
Minimum Entry Age 0 years
Maximum Entry Age 60 years
Minimum Policy Term 10 years
Maximum Policy Term 30 years
Premium Payment Term Regular / Limited
Minimum Premium As per policy guidelines
Maximum Premium Subject to underwriting

Features of Bajaj Life Goal-Based Saving III Plan

Here are the key features of the plan:

  1. Goal-Based Investment Strategy

    The plan helps policyholders invest systematically to achieve specific financial goals.

  2. Life Insurance Protection

    It provides financial security for the policyholder’s family through life cover during the policy term.

  3. Multiple Fund Options

    Investors can choose from equity, debt, or balanced funds depending on their risk tolerance.

  4. Flexible Premium Payment Options

    Policyholders can select premium payment modes that match their financial capacity. With the Bajaj Life ULIP Plan, individuals can invest in various funds while ensuring financial security for their families.

  5. Switching Between Funds

    The plan allows investors to switch between available funds to manage their portfolio according to market conditions.

    Individuals seeking structured financial planning may also consider a savings plan that supports disciplined wealth creation.

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

Benefits of the Bajaj Life Goal-Based Saving III Plan

Below are the benefits of this plan:

  1. Death Benefit

    The nominee is entitled to the relevant death benefit based on the policy in the event of the unfortunate demise of the policyholder during the policy term.

  2. Maturity Benefit

    In case the policyholder is alive till the expiry of the policy term, he or she can claim the maturity benefit as per the value of the accumulated fund.

  3. Wealth Accumulation

    The long-term capital growth may help the investors, as the policy may be associated with the performance of the market.

  4. Financial Planning: Goal-Oriented

    The plan assists people in determining long-term financial goals like education or retirement.

  5. Tax Benefits

    Tax benefits may be available on the premiums paid and benefits received, as per prevailing 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 III Plan

Riders can enhance the protection offered by the base policy. The following optional riders may be available:

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

These riders help provide additional financial support in case of unforeseen events.

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

Below are important policy provisions:

  1. Grace Period

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

    • The revival of lapsed policies is possible within the allowed revival time.
    • To be revived, the outstanding premiums and other charges are payable.
  3. Free Look Period

    • The policyholders have a period of 15 days in which they go through the policy.
    • The policy can be terminated at this time in case the terms are not satisfactory.
    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  4. Surrender

    • The option is to give up the policy once the lock-in period is over.
    • Surrendering will also be done according to the relevant policy requirements.
  5. Fund Switching

    • Policyholders are allowed to invest in different funds that are available.
    • This aids in controlling investment risk with regard to financial objectives and market performance. By selecting the best investment plans for higher returns, investors can plan effectively for retirement, savings, and wealth creation.

Exclusions Under the Bajaj Life Goal-Based Saving III Plan

  1. Suicidal Cover

    In case the policyholder commits suicide within 12 months of the date of commencement of the policy or revival date, the amount of benefits that would be payable would be restricted according to the policy terms.

  2. Total Permanent Disability (TPD)

    Total permanent disability benefits only pay out under the stipulated conditions of the policy and only on such an occurrence during the policy term.

FAQs

  • Can I change my investment funds during the policy term?

    Yes. Policyholders have the flexibility to switch between available funds depending on their investment strategy.
  • Is there a lock-in period for this plan?

    Yes. Like most ULIPs, the policy includes a mandatory lock-in period before certain withdrawals or surrender options become available.
  • Who should consider this plan?

    Individuals who want to combine long-term savings, market-linked investment growth, and life insurance protection may consider this plan.
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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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