ULIP FAQs

Q. Is ULIP a good investment?

ULIP is touted to be among the best investment plans because it provides the dual benefits of acting as an investment instrument and also provides insurance. Bajaj Allianz ULIP plans allow you to choose the allocation of your funds more into investment or into insurance, based on your requirements and financial goals.

 

Q. How does ULIP plan work?

Bajaj Allianz ULIP plans are considered the best investment options because they are available for multiple goals including children’s education right up to your retirement. Since ULIPs function as both investment and insurance instruments, a portion of the premium paid is dedicated towards their life cover while the remaining is invested into funds spanning equity, debt and other securities.

 

Q. Are ULIP returns tax free?

ULIP tax benefits are covered under the Income Tax Act 1961. By opting for Bajaj Allianz ULIP plans, you get tax exemptions at the time of investment, when the money invested grows, during fund switches and during maturity benefit. Additionally, the interest you earn on ULIPs are also tax-free.

 

Q. Can ULIPs give higher returns?

Since ULIPs invest across a range of funds, their allocation is the factor behind the returns you will earn. You can choose from among Bajaj Allianz ULIP plans to decide which funds align the most with your goals, and then take calls on the allocation of your premiums that will generate the highest returns.

 

Q. Are ULIPs tax free on maturity?

ULIP tax benefits under the Income Tax Act 1961 include tax exemption during maturity. With Bajaj Allianz ULIP plans, you get access to tax exemptions at the time of investment, when the money invested grows, and during fund switches.

 

Q. Which ULIP plan is best?

ULIPs are considered among the best investment plans, for different kinds of investors based on their individual requirements. Depending on your individual goals, whether you wish to build a corpus for your long-term financial requirements like your requirement or to fulfill a short-term investment goal like your children’s education; Bajaj Allianz ULIP plans can provide you the best options aligned with your goals.

 

Q. Is ULIP plan good?

ULIP plans are among the best investment options available to people, since they combine insurance with your investment instrument. Not only do you build a fund with Bajaj Allianz ULIP plans, but you also ensure the security of your family when you are no longer around.

 

Q. How safe is ULIP?

ULIP funds allocate your investment portfolio across diverse funds which could include equities, debts and other securities. Depending on the scheme you choose, you can generate high returns while also maintaining the security of your funds. Bajaj Allianz ULIP plans offer ULIPs that are secure and can generate high returns for investors through allocation across diverse funds. You can also switch your fund allocation in ULIPs, thereby guaranteeing security of your funds even if the market is on a dip.

 

Q. Can I stop ULIP?

ULIP plans have a lock-in period of five years. Since these funds are structured to help build your corpus, Bajaj Allianz ULIP plans come with a five-year lock-in period which guarantees that your funds will have grown since the time of investment.

 

Q. Why should I invest in ULIP now?

Investing in ULIP plans allows you to build up your corpus for later in your life, when the need for funds arises. Benefits of ULIP plans are more evident over the long-term and you can begin investing at the earliest in Bajaj Allianz ULIP plans in order to build up a corpus for when you need it the most.

 

Q. How can I invest in Bajaj Allianz ULIPs?

To invest in Bajaj Allianz ULIP plans, you need to open an account on Bajaj Markets with your registered mobile number and a few other details. Once you are logged into the Customer Portal, you can easily invest in ULIPs and avail benefits of ULIP plans.

 

Q.How is Bajaj Allianz future gain?

Bajaj Allianz Future Gain ULIP allows investors to choose between 2 investment plans and 7 investment funds. Anyone younger than 60 years of age can invest in this Bajaj Allianz ULIP plan and start paying premiums for as little as Rs. 2,500 per month.

 

Q. How is Bajaj Allianz goal assure?

Bajaj Allianz Goal Assure is the ideal fund for those looking to grow their corpus over a medium time period. With no allocation charges, this Bajaj Allianz ULIP plan allows you to switch between funds and gain the highest benefits from investing through this platform. This particular ULIP offers features including 4 investment portfolio strategies and 8 fund options; which allows you to pick the investment plan best suited to your requirements.

 

Q. What are allocation charges in ULIPs?

Investing in Bajaj Allianz ULIP plan offers multiple benefits of ULIP plans including no allocation charges for the Bajaj Allianz LongLife Goal and Goal Assure ULIP plans.