Bandhan Life
Insurance launches new ULIP - ‘Bandhan Life iInvest Ultima Plus’ and a new
Multi Cap Fund
- Offers loyalty additions, lower charges for women
and enhanced protection benefits
- New Multi Cap fund now available at an NAV of Rs.
10/-, open till September 21, 2026
National, 09th
September 2026: Bandhan Life Insurance,
the life insurance arm of Bandhan Group, launched Bandhan Life iInvest
Ultima Plus, a Unit Linked Insurance Plan (ULIP) designed to help customers
build long-term wealth while protecting their loved ones. Alongside the plan,
the company has also announced the launch of a new Bandhan Life Multi Cap
Fund, offering customers another opportunity to participate in India's
long-term growth story. The New Fund Launch (NFL) with an initial Net
Asset Value (NAV) of ₹10 per unit will remain open till September
21, 2026.
Commenting on the launch, Satishwar B., MD and CEO,
Bandhan Life Insurance, said, “India’s growth story is increasingly
being shaped by rising aspirations, greater financial awareness and growing
participation in formal financial markets. As more Indians look to build
long-term wealth and secure their families’ futures, the need for solutions
that bring together protection, disciplined investing and meaningful long-term
value is becoming increasingly important. At Bandhan Life, we are committed to
supporting this journey by offering solutions that evolve with the changing
needs and aspirations of our customers. With the launch of Bandhan Life iInvest
Ultima Plus and the Bandhan Life Multi Cap Fund, we aim to provide customers
with greater choice and flexibility to participate in India’s long-term growth
potential, while keeping protection at the heart of their financial journey.”
Available across all Bandhan Bank branches, Bandhan
Life iInvest Ultima Plus rewards customers who stay committed to the plan
over the long term. It offers loyalty additions—additional units added
to the policy for long-term policyholders—from the end of the 10th policy year
onwards. From the end of the 15th policy year, customers receive a return of 2.5
times the premium allocation charges (the charges deducted when premiums
are allocated) along with a refund of 100% of the mortality charges (the
cost of life insurance cover), helping them recover more of the cost over time.
Women customers benefit from a 0.5% lower premium
allocation charge, enabling additional fund allocation from Day 1. Customers
looking for higher protection can opt for the Linked Enhanced Accidental
Death Benefit Rider. In addition, they can choose how they wish to plan
their policy—either by selecting and managing their strategies themselves or by
opting for lifecycle-based strategies that automatically adjust fund allocation
over different life stages.
Maneesh Mishra, Chief Product and
Marketing Officer, Bandhan Life Insurance, said, "Financial goals evolve over time, and customers need
financial solutions that can adapt with them. Bandhan Life iInvest Ultima Plus
combines long-term wealth creation with life insurance protection while
rewarding customers for staying committed. Along with access to Bandhan Life's
4- and 5-star-rated funds and our new Multi Cap Fund, it gives customers the
flexibility to choose an approach that best suits their financial goals."
The newly launched Bandhan Life Multi Cap Fund,
benchmarked against the Nifty 500 Index, aims to generate long-term
capital appreciation by investing across large-cap, mid-cap and small-cap
companies. This diversified approach allows customers to participate in opportunities
across different segments of the equity market through a single fund. The fund
will invest 80% to 100% in equity and equity-related instruments, with up to
20% allocated to cash, cash equivalents and money market instruments.
Speaking about the Bandhan Life Multi Cap Fund, Saibal
Ghosh, Chief Investment Officer, Bandhan Life Insurance, said, "A
multi-cap strategy gives policyholders exposure to companies of different sizes
through a single diversified fund. We believe the current market environment
presents opportunities across the broader equity market, and this approach
allows investors to participate in India's long-term growth potential while
maintaining diversification."
The Bandhan Life Multi Cap Fund will be
available through Bandhan Life iInvest Ultima Plus and Bandhan Life
iInvest II (available across Bandhan Bank branches), as well as Bandhan
Life iInvest Advantage, which is available exclusively on the Bandhan Life
website.
