Bandhan Life Launches Ulip Plus: High Life Cover Up To 50x Premium With Market-linked Returns

Bandhan Life Insurance has introduced a caller unit-linked security scheme (ULIP) called ULIP Plus, which blends important life screen pinch semipermanent finance growth. The scheme offers life security sum of up to 50 times nan yearly premium, making it perfect for individuals seeking beardown financial protection on pinch wealthiness creation.

Key benefits see nan return of premium allocation and mortality charges, elastic finance options crossed equity and indebtedness funds, and a typical premium discount for women policyholders. The scheme is designed to thief policyholders turn their money done market-linked returns while securing their family's financial future. With further value-added features complete nan agelong term, ULIP Plus intends to meet some protection and finance goals successful a azygous product.

The ULIP Plus scheme is engineered to present financial information paired pinch strategical finance opportunities, appealing to those looking for broad financial readying solutions. 

ULIP Plus is system to supply an awesome level of protection, ensuring nominees person nan greater of nan money worth aliases nan guidelines sum assured, pinch a guaranteed minimum payout of 105% of full premiums paid. The scheme further includes top-up benefits to boost wide sum and money growth. It encourages wealth-building done entree to a assortment of high-performing funds, each crafted to output consistent, risk-adjusted returns crossed different marketplace conditions. Saibal Ghosh, Chief Investment Officer astatine Bandhan Life, stated, "ULIP Plus is designed to springiness investors much power and confidence."

Key details

ULIP (Unit Linked Insurance Plan): A hybrid financial merchandise that combines life security pinch investment. Part of your premium goes toward life cover; nan remainder is invested successful costs (equity, debt, aliases hybrid).

50x Life Cover: If you salary ₹1 lakh annually, you could get a life security screen of up to ₹50 lakh. This is higher than galore accepted plans.

Return of Charges: Typically, immoderate charges for illustration premium allocation and mortality charges trim your returns. This scheme gives backmost those charges aft a definite period, expanding wide value.

Flexible Investment Options: You tin take really your money is invested, depending connected your consequence appetite and financial goals.

Special Discount for Women: Female policyholders get a pricing benefit, perchance done little charges aliases higher returns.

Long-term Value Additions: The scheme apt includes loyalty additions aliases money boosters complete time, rewarding policyholders who enactment invested. 

Investment strategies

The scheme is notably flexible, allowing customers to prime from a wide scope of finance options and make withdrawals arsenic needed. Policyholders tin customise their finance strategies done a Self-Managed Portfolio, directing premiums crossed segregated costs according to individual consequence appetite and financial objectives. This elasticity is further extended pinch premium costs position ranging from 20 to 40 years, and argumentation maturity extending up to property 85, enabling individuals to align their sum pinch their life stages and ambitions.

To incentivise semipermanent commitment, nan ULIP Plus scheme returns allocation charges aft 10 years and up to 3 times nan mortality charges from nan eleventh twelvemonth onwards. Additionally, loyalty additions commence from nan seventh year, further enhancing nan fund's value. Special discounts connected charges for women customers are besides offered, promoting inclusive wealthiness creation opportunities. This scheme not only supports divers financial goals but besides ensures that policyholders use from some protection and maturation potential.

Bandhan Life Insurance positions ULIP Plus arsenic a robust financial tool, blending information pinch maturation potential, frankincense supporting semipermanent extremity accomplishment crossed various life stages. The institution intends to meet nan evolving financial needs of its customers by offering a scheme that balances precocious protection pinch important maturation opportunities.

As Satishwar B., MD & CEO of Bandhan Life Insurance, highlighted, "With rising costs, relying connected a azygous income is nary longer enough—real financial information needs a smarter approach. Whether it’s a dream home, education, aliases a worry-free retirement, ULIP Plus gives customers that ‘plus factor’: precocious protection, maturation potential, and elasticity each successful 1 plan."