Bajaj Life Goal-Based Saving Plan

The Bajaj Life Goal-Based Saving Plan is a unit-linked insurance plan (ULIP) that is meant to assist individuals in accumulating wealth on a long-term basis without losing life insurance cover. The plan gives policyholders the ability to invest in several funds that are tied to the market and offers them freedom in terms of premium payment, allocation of funds, and approaches to investments.

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ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Taxunder section 80C^
  • Zero LTCG Tax
  • In built life cover
  • 4.8++ Rated
  • 13.2 Crore Registered Consumer
  • 53 Partners Insurance Partners
  • 6.29 Crore Policies Sold
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13.2 Crore
Registered Consumer
53
Insurance Partners
6.29 Crore
Policies Sold

List of ULIP Funds ~
Fund Name
AUM
Returns (in %)
3 Year
5 Year
10 Year
81,025 Cr
Returns
10.38%
Returns
9.11%
Returns
10.96%
Highest Returns
Get Details
35,377 Cr
Returns
17.51%
Highest Returns
Returns
13.4%
Returns
14.02%
Get Details
12,572 Cr
Returns
24.29%
Highest Returns
Returns
18.88%
Returns
17.9%
Get Details
3,551 Cr
Returns
14.47%
Highest Returns
Returns
12.04%
Returns
12.16%
Get Details
9,938 Cr
Returns
16.86%
Returns
21%
Returns
22%
Highest Returns
Get Details
5,458 Cr
Returns
15.93%
Highest Returns
Returns
13.09%
Returns
13.59%
Get Details
5,005 Cr
Returns
17.43%
Highest Returns
Returns
15.38%
Returns
15.15%
Get Details
13,553 Cr
Returns
14.27%
Highest Returns
Returns
11.67%
Returns
12.87%
Get Details
3,237 Cr
Returns
14.43%
Highest Returns
Returns
13.33%
Returns
14.41%
Get Details
3,340 Cr
Returns
10.19%
Highest Returns
Returns
9.31%
Returns
10.09%
Get Details
1,446 Cr
Returns
8.11%
Returns
7.85%
Returns
9.8%
Highest Returns
Get Details
446 Cr
Returns
12.09%
Returns
10.93%
Returns
13.96%
Highest Returns
Get Details
526 Cr
Returns
12.09%
Highest Returns
Returns
10.08%
Returns
11.08%
Get Details
60 Cr
Returns
12.15%
Highest Returns
Returns
11.28%
Returns
11.98%
Get Details
6 Cr
Returns
10.78%
Returns
9.62%
Returns
10.89%
Highest Returns
Get Details
219 Cr
Returns
13.84%
Highest Returns
Returns
13.57%
Returns
13.26%
Get Details
2,730 Cr
Returns
8.66%
Highest Returns
Returns
6.61%
Returns
-
Get Details
see more plans

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.in

Eligibility Criteria for the Bajaj Life Goal-Based Saving Plan

Criteria Details
Minimum Entry Age 0 Years (Regular/Limited Premium)
Maximum Entry Age 60 Years
Minimum Age At Maturity 18 Years
Maximum Age At Maturity Up To 75 Years
Minimum Policy Term 10 Years
Policy Term Options 10, 15, Or 20 Years
Premium Payment Options Single, Limited, Or Regular
Minimum Annual Premium ₹12,000
Minimum Single Premium ₹120,000

Features of Bajaj Life Goal-Based Saving Plan

Here are the key features of the Bajaj Life Goal-Based Saving Plan:

  1. Additional Premium Allocation

    In the initial policy year, more allocation is made to the fund value. For regular or limited premiums, the first-year premium, up to 3% of the premium amount, is credited to the fund value.

  2. Return Of Mortality Charges (ROMC)

    Upon maturity, up to 125% of all mortality fees paid during the policy period can be reimbursed into the fund value, depending on the premium band.

  3. Extensive Diversity Of Investment Funds

    There are various funds available to policyholders, including equity, balanced, and debt funds, based on their risk tolerance.

  4. Unlimited Fund Switching

    The plan permits unrestricted free movement of funds to adjust investments in line with market conditions.

  5. Liquidity Partial Withdrawal

    One can make partial withdrawals once the five-year lock-in period is over.

  6. Flexible Settlement Option

    The policyholder can get maturity or death benefits as instalments with a maximum term of five years with the return enhancer option.

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Benefits of the Bajaj Life Goal-Based Saving Plan

Below are the benefits offered under the plan:

  1. Maturity Benefit

    On maturity of the policy term, in case the life assured survives and all the premiums have been paid, the amount of the accumulated fund will be disbursed as the maturity benefit.

  2. Death Benefit

    Upon the death of the life assured within the policy term, the nominee will get the greater between the current sum assured and the fund value, with a guaranteed minimum of 105% of the total amount of premiums paid.

  3. Additional Allocation Benefit

    The plan provides an additional fund distribution within the first policy year, which will raise the invested capital and long-term wealth generation.

  4. Return Of Mortality Charges

    At maturity, the mortality charges deducted over the policy term are added back to the value of the funds.

  5. Flexible Payout Options

    The benefits may be paid as a lump sum or in systematic payouts during the settlement period to the policyholders.

Fund Name NAV sort icon AUM sort icon 5 Yr Returns sort icon 10 Yr Returns sort icon
Bajaj Life Liquid Fund ₹33.88 ₹406 Cr 5.03% 4.31%
Bajaj Life Bond Fund ₹43.83 ₹1602 Cr 5.44% 6.52%
Bajaj Life Bluechip Equity Fund ₹41.65 ₹965 Cr 10.61% 12.06%
Bajaj Life Equity Growth Fund II ₹66.42 ₹4360 Cr 9.33% 11.82%
Bajaj Life Accelerator Mid-Cap Fund II ₹73.89 ₹5458 Cr 13.09% 13.59%
Bajaj Life Pure Stock Fund ₹141.16 ₹7314 Cr 11.96% 12.77%
Bajaj Life Asset Allocation Fund II ₹29.88 ₹272 Cr 8.18% 9.33%
Bajaj Life Pure Stock Fund II ₹24.33 ₹4741 Cr 11.27% -
Bajaj Life Flexi Cap Fund ₹15.6 ₹3386 Cr - -
Bajaj Life Sustainable Equity Fund ₹13.99 ₹324 Cr - -
Bajaj Life Dynamic Asset Allocation Fund ₹11.64 ₹70 Cr - -
Bajaj Life Midcap Index Fund ₹11.88 ₹573 Cr - -
Bajaj Life Liquid Pension Fund II ₹10.35 ₹1 Cr - -
Bajaj Life Asset Allocation ₹51.44 ₹551 Cr 8.26% 9.09%
Bajaj Life Cash Plus Pension ₹42.75 ₹4 Cr 5.07% 5.37%
Bajaj Life Debt Plus Pension ₹49.85 ₹3 Cr 5.46% 6.62%
Bajaj Life Pure Stock Pension ₹87.76 ₹8 Cr 8.41% 10.07%
Bajaj Life Equity Mid Cap Plus ₹204.71 ₹141 Cr 13.88% 12.81%
Bajaj Life Equity Plus Pension ₹197.45 ₹20 Cr 9.01% 11.43%
Bajaj Life Accelerator Mid Cap ₹123.14 ₹480 Cr 13.26% 12.96%
Bajaj Life Cash ₹29.52 ₹20 Cr 3.3% 3.51%
Bajaj Life Debt ₹32.25 ₹28 Cr 3.63% 4.47%
Bajaj Life Equity ₹93.18 ₹166 Cr 9.53% 10.72%
Bajaj Life Cash Plus ₹43.06 ₹33 Cr 5.2% 5.52%
Bajaj Life Debt Plus ₹46.23 ₹41 Cr 5.46% 6.36%
Bajaj Life Equity Gain ₹145.38 ₹332 Cr 7.5% 9.76%
Bajaj Life Equity Plus ₹186.32 ₹554 Cr 9.16% 11.45%
Bajaj Life Pure Equity ₹151.72 ₹46 Cr 12.97% 13.06%
Bajaj Life Bond Pension ₹42.51 ₹9 Cr 5.23% 5.96%
Bajaj Life Equity Index ₹152.43 ₹94 Cr 11.1% 12.38%
Bajaj Life Equity Growth ₹79.74 ₹2433 Cr 8.84% 11.04%
Bajaj Life Equity Mid Cap ₹127.16 ₹65 Cr 11.99% 11.09%
Bajaj Life Life Long Gain ₹28.39 ₹6 Cr 3.64% 4.63%
Bajaj Life Premier Equity Growth ₹70.54 ₹6 Cr 8.07% 10.09%
Bajaj Life Equity Index II ₹73.86 ₹1554 Cr 10.38% 11.69%
Bajaj Life Equity Index Pension ₹136.07 ₹3 Cr 11.1% 12.42%
Bajaj Life Equity Growth Pension ₹93.5 ₹48 Cr 9.08% 11.49%
Bajaj Life Equity Index Pension II ₹77.54 ₹71 Cr 10.59% 12.19%
Bajaj Life Asset Allocation Pension ₹50.32 ₹31 Cr 8.18% 9.28%
Bajaj Life Accelerator Mid Cap Pension ₹137.28 ₹34 Cr 14.28% 13.22%
Bajaj Life Premier Equity ₹68.64 ₹12 Cr 9.56% 10.68%
Bajaj Life Premier Equity Gain ₹95.2 ₹23 Cr 7.86% 10.35%
Bajaj Life Assured Return ₹26.3 ₹2 Cr 5.2% 5.88%
Bajaj Life Discontinued Life Policy Fund ₹17.7 ₹3969 Cr 5.4% 5.24%
Bajaj Life Discontinue Pension Policy Fund ₹16.85 ₹1 Cr 5.29% 5.28%
Bajaj Life Pension Builder Fund ₹19.24 ₹64 Cr 4.98% 5.89%
Bajaj Life Balanced Equity Fund ₹21.89 ₹2 Cr 8.39% 8.09%
Bajaj Life Builder Bond Fund ₹17.5 ₹42 Cr 4.67% 5.67%
Bajaj Life Group Debt Fund ₹39.36 ₹65 Cr 5.67% -
Bajaj Life Secure Fund ₹59.07 ₹4027 Cr 5.93% 7.41%
Bajaj Life Stable Fund ₹66.58 ₹611 Cr 6.25% 7.79%
Bajaj Life Group Asset Allocation Fund ₹48.13 ₹56 Cr 8.75% -
Bajaj Life Group Blue Chip Fund ₹45.8 ₹3 Cr 11% -
Bajaj Life Group Equity Fund ₹50.16 ₹54 Cr 9.19% -
Bajaj Life Group Balanced Gain Fund II ₹16.91 ₹7 Cr 8.77% -
Bajaj Life Group Debt Fund II ₹24.19 ₹1081 Cr 5.71% -
Bajaj Life Group Debt Fund III ₹17.27 ₹118 Cr 5.55% -
Bajaj Life Group Liquid Fund II ₹16.54 ₹30 Cr 5.17% -
Bajaj Life Group Equity Index Fund ₹42.66 ₹32 Cr 9.92% -
See more plans

Riders Under the Bajaj Life Goal-Based Saving Plan

The policy permits optional coverage that boosts protection benefits.

Available riders include:

  • Bajaj Life Linked Accident Protection Rider II.
  • Bajaj Life Care Plus Rider.
  • Bajaj Life Linked New Life Critical Illness Benefit Rider.

These riders give extra financial cover against accidental death, disability and critical illnesses.

Policy Details of the Bajaj Life Goal-Based Saving Plan

The following are the policy details under the Bajaj Life Goal-Based Saving Plan:

  1. Grace Period

    A grace period of 30 days is offered on yearly, half-yearly, and quarterly modes of payment of premium, and 15 days on the monthly mode of payment of premium. The policy is on risk cover until this period.

  2. Revival

    In any case where the policy is to be revived for non-payment of premiums, the policy will be discontinued and revived within three years of the date of discontinuation upon payment of all due premiums and production of the necessary documentation.

  3. Free Look Period

    Policyholders are given a 30-day free look period upon which the policy document is issued. Cancellation of the policy can occur in case the terms are not acceptable within this period.

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  4. Surrender

    The policy can be forfeited at any time. In case of surrendering in the five-year lock-in period, it is invested in the discontinued policy fund and paid after the lock-in period.

  5. Fund Switching

    The policyholder can freely transfer investment between available funds at no cost, but with a minimum switching amount as stipulated by the insurer.

  6. Loan

    Loans are not offered under the ULIP plan because the investment is still tied to market funds.

Exclusions Under the Bajaj Life Goal-Based Saving Plan

  1. Suicidal Cover

    In case the person assured of life commits suicide within 12 months of the date the policy was started or revived, the nominee will get the value of the fund on the date of death.

  2. Total Permanent Disability (TPD)

    The benefits of total permanent disability become effective only in the case when the policy owner has chosen a rider explicitly giving disability protection.

FAQs

  • What happens to the mortality charges deducted during the policy term?

    The mortality charges billed out of the policy terminal can, under this scheme, be refunded to the policyholder upon maturity under the Return of Mortality Charges (ROMC) feature, depending on the premium band charged.
  • Can policyholders receive maturity benefits in instalments instead of a lump sum?

    Yes, the plan includes a settlement alternative that allows policyholders to receive maturity proceeds in instalments over up to 5 years, rather than a lump-sum payment.
  • Does the plan offer any additional fund allocation benefits?

    Yes, the plan offers an extra premium allocation in the initial year of the policy that raises the sum invested in the selected funds and can be used to boost the long-term wealth creation.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1286 Reviews)

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Bajaj Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.


˜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
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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