Investment is a crucial aspect of creating a corpus to help you achieve your life goals. Investment plans allow you to invest in a disciplined manner in different investment vehicles, including equity, debt or a combination of both, to help you to meet your long-term financial goals.

You can choose from an array of investment plans based on your unique requirements. Your age, risk appetite, life goals and the time frame in which you want to achieve your financial goals, are some of the factors to consider before deciding on the right investment plan for you and your family.

With inflation the costs of everything increases steadily, and your current savings may not be enough to help meet your life goals at later life stage. Hence, it is necessary that you make smart investment choices to ensure that your money continues to work for you to maximize the returns. And Investment plans help you to do exactly this!

Smart financial planning is key to achieving your life goals. Investment plans allow you to make disciplined investment over a period of time, which helps in wealth creation and enable you to get your life goals done.

Investment plans bring in a disciplined approach to one’s financial planning and usually generate higher returns over the long term. Under Investment plans, one can choose between an array of products ranging from a market linked plan to a traditional plan to a combo plan which addresses multiple needs with a single product, allowing you to leverage benefits of various investment vehicles.

Through investment plans you can leverage the high returns usually generated by Unit Linked Insurance Plan (ULIPs) over the long term. You can also keep a closer eye on the performance of the funds chosen by you and accordingly take informed decisions. Depending on your risk appetite you can opt for an equity fund, debt fund or a combination of the two.

On the other hand, traditional plans offer you bonuses, loyalty additions and more, which enhance your overall savings. Further you also gain from tax benefits. Life Insurance premiums are eligible for tax benefit under Section 80C and Maturity benefit and Death benefit are eligible for tax benefit under Section 10(10D) of the Income Tax Act 1961, subject to provisions stated therein.     

By investing in an investment plan, you ensure that your corpus grows at a higher pace negating the impact of inflation. 

Investment plans as a category of insurance products has an array of options. You need to wisely choose a plan that fulfills the purpose for which you are purchasing that plan. Here are a few pointers to help you choose the right type of investment plan

Know your goals: Choose an investment plan based on your life goal and the time by which you want to achieve the same.

Know your risk appetite: Investment plans can be market linked plans, such as Unit Linked Insurance Plans (ULIPs), which invest in equity, debt or combination of both. To ascertain risk appetite, you need to consider your age, gender and life situation. The investment has to be in sync with your risk appetite. Use our ULIP Calculator to know more.

Know your insurance need: Every investment plan offers a life cover, use this feature judiciously to fill any gaps in your life cover. If you think you are not sufficiently covered, buy a plan with a higher life cover.

Know the insurer: Before investing in any plan, do check the credentials of the insurer. Also see if the insurer has a bouquet of innovative products which suit your investment and insurance needs. 

With a track record of performance spanning over two decades, Bajaj Allianz Life is one of the most trusted names in the insurance industry in India. Over the years, it has developed an expertise in managing investors’ fund effectively and consistently generating good returns in different market cycles.

Bajaj Allianz Life offers a range of innovative investment plans that cater to your specific needs with different risk appetite, expectations and life goals. Bajaj Allianz Life investment plans allow you to invest for multiple goals at the same time. Bajaj Allianz Life My Wealth Goal is a case in point. It provides protection, a regular income and growth potential for your investment, so you can fulfil your future goals.

Be it an investment plan with assured returns or a Unit-linked single endowment plan or a plan that covers you till your 100^th birthday, Bajaj Allianz Life has an investment plan to take you closer to your life goals.