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Bajaj Life Invest Protect Goal
Bajaj Life Invest Protect Goal is a Unit Linked Insurance Plan (ULIP) investment policy designed to provide individuals with the dual benefits of protection and wealth creation. The flexible plan helps you choose from various investment funds based on your risk tolerance and goals. Your Fund Value is boosted by features like ‘Return of Charges’ and ‘Loyalty Additions,’ enabling you to grow your money and fulfil all your financial goals.
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List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Equity Fund
SBI Life
AUM:83,975 Cr
83,975 Cr
NAV
183
-183.00%
Returns
9.85%
Opportunities Fund
HDFC Life
AUM:35,377 Cr
35,377 Cr
NAV
71.11
-71.11%
Returns
16.5%
Highest Returns
High Growth Fund
Axis Max Life
AUM:12,246 Cr
12,246 Cr
NAV
107.24
-107.24%
Returns
23.53%
Highest Returns
Opportunities Fund
ICICI Prudential Life
AUM:3,622 Cr
3,622 Cr
NAV
55.64
-55.64%
Returns
13.49%
Highest Returns
Multi Cap Fund
Tata AIA Life
AUM:9,815 Cr
9,815 Cr
NAV
59.36
-59.36%
Returns
16.59%
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
About Bajaj Life Invest Protect Goal
Bajaj Life Invest Protect Goal is a unit-linked, non-participating, individual life savings Insurance plan that protects your family’s future while offering market-linked returns on your premiums. With the insurance cover, the plan allows you to secure your loved ones financially, even if you are not there and build a corpus for your and your family’s future needs. Whether you want to secure your family's future, plan for your child's education, or build a retirement corpus, Bajaj Life Invest Protect Goal empowers your future goals seamlessly.
Features of Bajaj Life Invest Protect Goal
The key features of Bajaj Life Life Goal plan are as follows:
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Return of Mortality Charges: One of the main features of Bajaj Life Invest Protect Goal is its option to return the mortality charges.
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High Return Potential: The plans offer you the opportunity to earn high returns over a long period.
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Riders: Bajaj Life Invest Protect Goal provides enhanced protection by increasing your financial net. These riders are
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Bajaj Life Life Linked Accident Protection Rider II
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Bajaj Life Life Linked Accident Protection Rider II
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Bajaj Life Life Linked New Critical Illness Benefit Rider
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Investment Funds: You have the option to select among 21 funds.
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Systematic Investment Plan (SIP): The Bajaj Life Invest Protect Goal offers Systematic Investment Plan (SIP) option:
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In this, you can invest a fixed amount of money regularly over the long term.
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This helps in spreading the investment risk over time and provides the benefit of rupee cost averaging.
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Investment Strategy: You get the option to choose among the following investment strategies:
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Investor Selectable Portfolio Strategy: You can choose among the 21 ULIP funds and switch among them as per your choice.
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Option to invest fully in one fund or distribute your regular premium and top-up premium across a variety of funds.
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Decide in a way that best meets your investment requirements and risk tolerance.
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Automatic Fund Transfer Strategy: As per the Automatic Fund Transfer Strategy:
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Initially, your premium is divided between low-risk bond funds and liquid funds based on your preferences.
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A fixed amount of the value of your fund will be transferred to the other funds as stated by you at the beginning of each month.
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Depending on your risk tolerance, desire to build wealth and personal objectives, you can select from a variety of equity, debt, and hybrid ULIP funds.
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Partial Withdrawals: Available after the end of 5 policy years of the plan.
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Unlimited Free Switches: You can avail of the benefit of unlimited free switches available to generate the highest returns from the plan.
Eligibility Criteria to Buy Bajaj Life Invest Protect Goal
The essential criteria for purchasing this investment option are listed in the table below:
| Eligibility Criteria | Details | ||
| Entry Age | 18 – 60 years | ||
| Maturity Age | 38 – 100 years | ||
| Policy Term (PT) | 20 – 40 years | ||
| Premium Payment Term (PPT) | Limited Pay: 5 – 12 years (in multiples of 1 year) | ||
| Regular Pay: Equal to PPT | |||
| Premium Payment Mode | Annually/Semi-Annually/ Quarterly/ Monthly | ||
| Premium Amount | Premium Payment Frequency | PPT: 5 – 7 years | PPT: 8 years & Above |
| Annually | Rs. 48,000 | Rs. 18,000 | |
| Semi-Annually | Rs. 24,000 | Rs. 9,000 | |
| Quarterly | Rs. 12,000 | Rs. 4,500 | |
| Monthly | Rs. 4,000 | Rs. 1,500 | |
| Top Up Premium | Rs. 5,000 – Subject to Board Approved Underwriting Policy (BAPU) | ||
| Sum Assured (SA) | 7 × Total Annual Premiums to as per BAPU | ||
People Also Read: Bajaj Life Life Dynamic Asset Allocation Fund
Benefits of Investing in Bajaj Life Invest Protect Goal
Let us learn the significant benefits of investing in the Bajaj Life Invest Protect Goal from the list mentioned below:
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Death Benefit:
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In the event of your unfortunate death during the term of the policy, a lump sum payment as the death benefit is provided to the nominee
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The death benefit is equal to the higher of the following:
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Sum Assured with Top-up Sum Assured
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Total Fund Value
105% of total premium payment with top premiums
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The amount of the death benefit depends on factors such as:
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Sum assured chosen
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Additional riders or benefits attached to the plan
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Maturity Benefit:
In case of surviving the life assured till the maturity date, the total fund value as on the maturity date shall be payable.
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Tax Benefits:
Tax benefits are available under section 80C and section 10(10D) of the Income Tax Act, 1961.
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Return of Premium Allocation Charges:
All the premium allocation charges are returned back at the end of the 10th policy year with respect to regular/limited premium payments to your savings (excluding GST and cess deductions). In terms of top-up premium paid, no premium allocation charges is returned.
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Return of Mortality Charges:
Upon maturity, the deducted mortality charges are added back to the fund value
At the last of policy year Return of mortality charges 7 year 25% of deduction till 7th policy year 15 year 50 % of deduction till 15th year of policy minus mortality charge returned already 20 year 100% deduction till the last of 20th policy years minus mortality charges returned already 25 years or at maturity (whichever is earlier) 100% of deduction from 21st year of policy 30 years or at maturity (whichever is earlier) 100% of deduction from 26th year of policy 35 years or at maturity (whichever is earlier) 100% of deduction from 31st year of policy 40 yeaes or at maturity (whichever is earlier) 100% of deduction from 36th year of policy -
Loyalty Additions:
Insurer will contribute to the savings by adding a fixed % of the average of last 3 years regular premium fund value on a daily basis as mentioned:
End of policy year Loyalty Additions (%) ages 15th 2% 20th 2.50% 25th 3.50% 30th 4% 35th 5% 40th 5.50%
Latest ULIP NAVs
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People Also Read: SIP Calculator
Policy Details of Bajaj Life Invest Protect Goal
Let us learn the key policy details involved in this ULIP plan from the below-mentioned table:
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Surrender Benefit : In case of surrendering the policy during the lock-in period of 5 years, Regular and Top Up Fund Value is credited back to you after deducting discontinuance charges. If you surrender the policy after 5 policy years: Total Fund Value is paid back
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Free Look Period: To review the terms and conditions and cancel the policy, you get a free look period of 15 days for electronic mode policies and 30 days through distance mode.
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Assignment/ Nomination of Policy: Available under Insurance Act, 1938
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Grace Period: This is the specified period of time provided to policyholders beyond the due date of premium payment
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Grace Period for Annual/ Semi-Annual/ Quarterly Premium Payment Frequency: 30 days
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Grace Period for Monthly Premium Payment Frequency: 15 days
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Policy Revival: You can revive the policy within 3 years of last due premium payment
How Does the Bajaj Life Invest Protect Goal Work?
Learn the working process of Bajaj Life Invest Protect Goal Plan from the steps mentioned below:
Step 1: Select the following details of the plan:
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Sum Assured
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Premium Payment Term (PPT)
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Policy Term (PT)
Step 2: Decide the life coverage you wish to get
Step 3: Select your investment portfolio strategy and decide the funds you want to invest
Illustration of Returns of Bajaj Life Invest Protect Goal
Let us learn the returns and benefits you can earn from this plan by taking the following conditions:
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Your Entry Age: 35 years
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Premium Amount: Rs. 5,000 per month
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PPT: 10 years
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PT: 30 years
Benefits/Returns:
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Lump Sum Payout: 2.7 crores
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Life Coverage: Rs. 17.3 lakhs
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Tax Benefits: Save tax of up to Rs. 28.2 lakhs over a 10-year tenure u/Sec 80C and Section 10 (10D) of the Income Tax Act, 1961
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Tax Savings u/ Section 10 (10D) on ULIP Plans: No tax on maturity benefits
| Tax Benefits u/ Section 80C | ||
| Policy Year | Investment Amount | Tax Savings |
| In 1st year | Rs. 60,000 | If your income is in the 30% tax slab, Total Tax = Income Tax as per Slab Rates + 4% Cess = (30% × Rs. 60,000) + (4% × 18,000) = Rs. 18,000 + Rs. 720 = Rs. 18,720 |
| Over 10 years | Rs. 6 lakhs | = Rs. 18,720 × 10 = Rs. 1.87 lakhs tax savings |
Documents Required for Bajaj Life Invest Protect Goal Plan
To apply for the Bajaj Life Invest Protect Goal plan, the required documents are:
- Proposal Form
- Age proof
- Identity proof
- Address proof
FAQ's
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What is Bajaj Life Wealth Goal Plan?
Bajaj Life Wealth Goal Plan is a Unit Linked Insurance Plan (ULIP) plan that is designed to help individuals achieve their long-term financial goals while providing life insurance coverage.A portion of the premium paid goes towards providing life insurance coverage. The remaining portion of the premium is invested in various investment funds offered by Bajaj Life.
The plan provides the option to switch between different investment funds and the facility of return on mortality charges.
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What is the cost of Bajaj Smart wealth goal?
The premium payment amount from various payment frequencies under the Bajaj Smart Wealth Goal Plans are as follows:Premium Payment Frequency For 5 -7 years PPT For 8 years & Above PPT Yearly Rs. 48,000 Rs. 18,000 Half Yearly Rs. 24,000 Rs. 9,000 Quarterly Rs. 12,000 Rs. 4,500 Monthly Rs. 4,000 Rs. 1,500 -
Can I withdraw money from Bajaj Life policy?
Yes, you can withdraw money from your Bajaj Life policy. There are two ways to do this:-
Partial withdrawal: You can withdraw a portion of the money that has accumulated in your policy on payment of a small fee
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Surrender: You can surrender your entire policy and receive the entire amount that has accumulated in your policy
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Can I switch my money between different funds in the Bajaj Life Invest Protect Goal plan?
Yes, you can switch funds for free as long as you have chosen the Investor Selectable Portfolio Strategy. There are no limits on how many times you can switch. The minimum amount you can switch is ₹5,000 or the total value of the units in the fund, whichever is less. -
Can I change my investment strategy in the Bajaj Life Invest Protect Goal plan?
Yes, you can change your investment strategy. You must inform the company in writing at least 30 days before your policy anniversary. When you switch to the Investor Selectable Portfolio Strategy, your existing money and all new premiums will be invested in the funds you choose. If you switch to the Automatic Transfer Strategy, your existing money and new premiums will be managed according to that strategy's rules.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜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
*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