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

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.