Notifications10

  • Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal

    CALCULATE NOW
  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

    WATCH VIDEO
  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

    KNOW MORE
  • Here's a Comprehensive Tool To Plan Your Child's Future

    START NOW
  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

    WATCH VIDEO
  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

    KNOW MORE
  • Paying your Renewal Premium is Quick and Easy!

    PAY NOW
  • Know the right amount of Insurance you need in just a few steps!

    START NOW
  • Avail Term Insurance Tax Benefits under Section 80D

    READ MORE
  • Know how to invest money during the covid-19 pandemic!

    READ MORE

Thanks for showing your interest. A representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead

X

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER

banne-img banne-img

Get Market-Linked Returns with Tax Benefits$

calci-img

KNOW MORE

icon-img

* T&C apply | BJAZ-WB-EC-04728/23

×

$Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116.
×

$Tax benefits as per prevailing Section 10(10D) and Section 80C of the Income Tax Act shall apply. You are requested to consult your tax consultant and obtain independent advice for eligibility before claiming any benefit under the policy.

Bajaj Allianz Life Insurance Co. Ltd. | IRDAI Reg. No. 116.

ULIP Performance - Why Monitor Your ULIP Regularly in 2023

When it comes to investment, a majority of  people look around to invest in a Unit Linked Insurance Plan (ULIP). However,  there are times when an investor invests in a ULIP Policy where they have to  choose funds based on their risk appetite. Since ULIP is a market-linked  product which keeps changing as per the market volatility, hence to tackle such  volatility wisely, it is necessary to actively monitor the ULIP fund performance at regular intervals depending on the tenure of  investment and align your funds selection accordingly.

Monitoring your funds on a timely basis and  switching between funds helps one manage uncertainties and future risks in the  long run. Therefore, go through these few reasons to understand why you need to  monitor your ULIP performance at regular intervals. 

Take a look:

Reasons why you should monitor your ULIP performance on a regular basis:

1. Prevents risks in the long run

Since the investment decision is based upon the selection of particular funds, it is important to choose the funds appropriately. Typically, the investor is asked to pick from fund options like equity funds, debt funds, etc. If a policyholder has an aggressive investment approach, he/she could invest in funds with higher risks.  Whatever fund you decide to go ahead with, see to it that the selection is done based on your risk appetite. You can consult your financial advisor for better understanding.

ULIPs have a mandatory lock in period of 5 years. However, every investment is made with a horizon in mind and to receive the most of your investment, one should always stay invested till maturity.

Equities have generally managed to outperform other asset class in long term, although past performance are not indicative of future returns. So if you are looking for better returns in the long run, you can consider investing in Unit Linked Insurance Plans (ULIP). Further equity oriented ULIPs have the potential to offer higher returns over longer time periods.

3. Obtains long term goals

Since an investment in a ULIP is a long term one, it is easier for the policyholders to achieve their life goals with ease. Whether you’re looking for a new house or planning to get your daughter married, a ULIP Plan can help you fulfill all your long term life goals. Tenure of investment is the key here to accumulate the desired corpus. Therefore, see to it that you monitor the market performance to understand the right time to make an investment.

4. Offers switching Funds

Considering the market status, investor’s risk appetite, and the time horizon, an investment in a ULIP Plan is advisable. When you invest in ULIPs, you can easily switch from one fund to another. Ideally, the investor gets to select from equity funds, debt funds. Before availing the switching options, the investor can check the past performance of these funds in order to take an informed decision.

After making a ULIP investment, monitor the performance of your funds with keen interest. Doing so will eventually help you to get better results which will prove beneficial for you in the long run. Don’t miss out on this step to get your life goals done.

#Survey conducted by brand equity – Nielsen in March 2020

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

**Past performance is not indicative of future performance.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.