Investment plans

Builds a consistent saving habit

Let us be honest — saving money consistently is not always easy. But when you commit to an investment plan, like a ULIP (Unit Linked Insurance Plan) with a 20-year tenure, you are basically training yourself to be disciplined with money.

You set aside a fixed amount regularly, and over time, not only do you build a solid savings habit, but your money also grows. It is like setting up a monthly auto-debit to your future self.

Keeps your financial goals on track

Planning to buy a house in 10 years? Or fund your child’s education? Or maybe retire early and travel the world? Whatever your dreams are, investment plans act as your roadmap.

They help you save and grow your money in a structured way. Plus, with so many types of plans available — long-term, short-term, high-risk, low-risk — you can pick the one that best matches your financial goals and time horizon.

Helps you save on taxes too

Under Section 80C of the Income Tax Act, you can claim deductions of up to Rs. 1.5 lakh for investments in things like life insurance plans, ELSS (Equity Linked Saving Scheme), and PPF. Even better — some plans offer tax-free returns at maturity (thanks to Section 10(10D)), provided they meet the necessary conditions.

So not only are you growing your wealth, but you are also trimming down your tax bill. Win-win!

Prepares you for life’s unexpected twists

Emergencies do not come with a heads-up. Whether it is a medical issue, job loss, or any other curveball life throws your way — having an emergency fund is crucial.

Investment plans can help you build that buffer. You can park funds in liquid investments for easy access or go for insurance-based investment plans to protect your family if something happens to you. Either way, you are covered.

Step 1: Click on Get Quote

Click on Get Quote. You will be asked to enter your mobile number so we can send you a one-time password (OTP).

Step 2: Enter the OTP

Check your phone for the OTP and type it in when prompted. This helps us verify it is you.

Step 3: Fill in your details

Once the OTP is confirmed, you’ll see our application form pop up.

• If you are an existing user, some of your details might already be filled in.
• If you are new, just enter your name, gender, date of birth, email ID, and PIN code.
• Do not forget to tick the checkboxes to proceed.

Step 4: Choose your plan

You will now be redirected to our partner’s page. This is where you can:

• Select the coverage amount
• Choose the policy tenure
• Pick your payment type
• Decide how much you want to invest

Once everything looks good, you can go ahead and complete your purchase.

Age criteria:

• Minimum age: 18 years (for the policyholder).
• Maximum age: 60-65 years (depending on the insurer's policy) for buying a ULIP.

Policy term:

The policy term typically ranges from 5 to 20 years, depending on the ULIP plan.

Premium payment:

You must meet the minimum premium requirements, which may vary based on the insurer and plan chosen. Premiums can be paid annually, semi-annually, quarterly, or monthly, depending on the option available.

Maximum age at maturity:

The maximum age at maturity varies from insurer to insurer, but it generally falls around 70-75 years.

Identity proof:

Passport, Aadhaar card, voter ID, PAN card, driving licence

Address proof:

Aadhaar card, Utility Bills (electricity, water, gas), passport, bank statement

Income proof:

Salary slips (for salaried individuals), income tax returns (for self-employed individuals), bank statements

Step 1 - Register your claim request

1. Register the claim request with the insurer through their website, e-mail or by calling their claim assistance contact number.
2. Contact No.: 1800-209-7272
3. Email at: customercare@bajajallianz.co.in

Step 2 - Submit the required documents

Submit the necessary documents along with the duly filled claim form online. You can also submit it to the nearest branch of the insurer.

Step 3 - Claim settlement

The insurer will assess the claim request. The claim initiator will receive the status via e-mail and SMS. The claim initiator can also check it online on the insurer’s website.

Original policy documents.

Age proof, such as PAN card, passport, voter’s ID, birth certificate.

Attested copy of death certificate issued by local municipal authority.

Death claim intimation form downloaded from the BALIC’s official website.

NEFT mandate form attested by bank authorities or copy of cancelled cheque or bank account passbook.