Bandhan Life Insurance Introduces Flexi Cap Fund with ULIP Options

Bandhan Life Insurance has launched a Flexi Cap Fund, which will be available under its iInvest II and iInvest Advantage unit-linked insurance plans (ULIPs). Investors can opt for this fund until February 24, 2025, and the initial Net Asset Value (NAV) is set at ₹10.

This fund invests across large-cap, mid-cap, and small-cap stocks.

Insurance and Investment 

Both iInvest II and iInvest Advantage ULIPs offer market-linked returns along with life insurance coverage. The life cover can go up to 20 times the annual premium, making it a mix of investment and financial protection. Investors looking for a combination of insurance and investment can start with a monthly premium of ₹3,000.

Withdrawal Flexibility

Policyholders have the option to partially withdraw funds after five years, providing liquidity while keeping the long-term investment intact. The company claims that its existing funds have performed well compared to industry benchmarks, though past returns are not indicative of future performance.

How It Compares to Mutual Fund NFOs

Unlike mutual fund New Fund Offer (NFOs), which focus purely on capital appreciation, ULIP-linked funds like this one offer a mix of investment and insurance benefits. The primary difference is that ULIP-linked funds also provide financial security, whereas mutual funds are solely designed for investment returns.

Company’s View

Bandhan Life Insurance’s MD & CEO, Satishwar B., stated “With this launch, we offer a combination of growth potential and life cover, helping customers build wealth while securing their families.” Meanwhile, Chief Investment Officer, Saibal Ghosh, said “Our strategy allows investors to build a dynamic portfolio across market caps. This approach captures India’s growth story and ensures strong returns over the medium to long term.”

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.