Pune/IBNS, Feb. 3 -- Bajaj Life Insurance, one of India's leading private life insurers, has announced the launch of its New Fund Offer (NFO), the Bajaj Life BSE 500 Quality 50 Index Fund.

The fund is available under Bajaj Life's unit-linked insurance plans (ULIPs) - Bajaj Life Smart Wealth Goal, Bajaj Life Supreme and Bajaj Life Gain- enabling policyholders to pursue their life goals while benefiting from the dual advantage of life cover and long-term wealth creation.

The fund tracks the BSE 500 Quality 50 Index, which comprises 50 companies selected from the broader BSE 500 universe based on defined quality parameters, namely Return on Equity, Accruals Ratio, and Financial Leverage. Constituents are weighted using a combination of flo...