Life Goals Loading…

    11

    Notifications11

    • Convert Your Saving into Investments to Fulfil Future Life Goals.

      CALCULATE NOW
    • Get Life Cover worth Rs.1 Crore at Rs.18 per day2 – Bajaj Allianz Life Smart Protect Goal

      PLAN NOW
    • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

      PLAN NOW
    • Life Insurance Term Plan with Return Of Premium

      WATCH NOW
    • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

      KNOW MORE
    • Checkout Quarterly Market & Macro Overview - Oct'20

      KNOW MORE
    • Is your weight right according to your height?

      Calculate BMI Now
    • Find out your Immunity Score right away!

      Calculate Now
    • How much Insurance do I need

      KNOW MORE
    • Paying your Renewal Premium is Quick and Easy!

      Pay Now
    • CIO commentary on RBI Monetary Policy: October 2020

      READ MORE

    Looking for a Term Plan?

    Get Exclusive Discount on online purchase^

    Have us call you

    Please enter a Name
    Please enter a Mobile No.

    ^3% Discount is available for regular premium and limited premium payment frequency under all variants of Bajaj Allianz Life Smart Protect Goal A Non Linked, Non-Participating Pure Life Term Insurance Plan.

    Please select a option
    Please select a option

    Thanks for sharing your details, A Sales representative from
    Bajaj Allianz Life will contact you shortly.

    Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead

    Have Us Call You

    Get your Life Goals Done

    Have us call you

    Please enter a Name
    Please enter a Mobile No.
    Please select a option

    5 Investment Tips For Working Women

    5 investment tips for working women

    5 Investment Tips For Working Women


    calender-blue

    July 21, 2020

    By : Bajaj Allianz Life

    The participation of women in the workforce has risen substantially in the last few decades. Men are no more the only breadwinners in the family. From finance to management, to sales, women have excelled in all types of jobs. However, just having a stable source of income is no guarantee of a stable financial future. Investing surplus money into a mix portfolio is as important as earning well so that you can achieve your Life Goals.

    Most of the financial awareness programmes are targeted at men as they are still considered the decision-makers of the house. Many working women who plan to invest and manage their finances may face difficulties in accessing credible information. Questions like how to invest money and where to invest it need to be answered to make the investing journey easier for women.

    Many people, including several working women, think of holding a bulk of their earnings in the savings account. The money held in a savings account generates meagre returns, which may be lower than the inflation rate over a period. It essentially means the money kept in a savings account loses value over a long time. To protect the savings from inflation, working women can consider investing in the financial markets. Investments in financial markets could help in delivering desirable returns over the long run provided you have invested in a disciplined manner. There are varieties of market-linked investments available in the market, ranging from tax-saving investments to long term investments. The question remains how to invest money or how to get started?

     

    Here are 5 investment tips for working women

     

    1. Prepare an investment plan

    Investing money without a plan is like playing football without the goalposts. Allotting random amounts of money to different investment instruments can backfire without a proper plan. Start with a life goal in mind. Goal based investing is one of the most efficient mediums of investing. When you have a life goal, it is easier to ascertain the time required and the amount needed to achieve it. Once you know how much to invest and for what period, you can take into account other factors like age, occupation and liabilities to zero in on the type of investment.

    2. Start early

    The thought of saving for the future comes later in life. The scenario is relevant even for working women. Starting late in life has various disadvantages. The biggest drawback of thinking about investing at a later stage in life is the loss of compounding gains. If you start saving and investing early in life, even with a small amount, the seemingly small amount will compound over time and become a substantial sum over the long run. Another advantage of starting early is the availability of a greater proportion of the income for investing in the early stages of life. There are relatively lesser responsibilities in the twenties, which gradually increases with marriage and kids as one enters the thirties. It is advisable to start early and invest in long-term investment to create wealth.

    3. Opt for tax-efficient investments

    While investing in a financial product, the focus is always on the return on investment. However, while calculating, people often ignore the impact of taxation on the returns. The calculation is limited to the rate of capital appreciation over a period. The tax deducted from the accumulated corpus can have a significant impact on the final returns. It is therefore important to understand tax implications and invest in tax-saving instruments. A unit-linked insurance plan (ULIP) is one of the investment options with an exposure to markets linked returns that has remained unaffected from the long-term capital gains tax.

    4. Invest systematically

    One of the most critical factors for wealth creation is systematic investments. Working women can start with a small amount in the early stage of their careers, but it is important to maintain the investment’s continuity. When money is invested systematically in long-term investment options, one can achieve their desirable life goals.

    5. Diversify

    The golden rule of investing is to diversify investments across assets and instruments. Diversification helps in reducing the risks associated with an investment. Without adequate diversification, your investments will be overly dependent on the performance of a narrow band of products. The underperformance of even a few investment options will have an impact on the entire portfolio.

    Conclusion

    With the basic checklist in hand, it is easier to figure out how to invest money. Sticking to the broader points can help working women invest efficiently. A variety of life goals can be achieved with disciplined investing. It requires a plan and the patience to follow it to accumulate a substantial corpus over a period.

    Bajaj Allianz Life Videos

    Video Icon

    #SavingsToLifeGoals - Bajaj Allianz Life

    Video Icon

    Smart Protect Goal | Pay For 5 Years, Get Term Insurance Coverage For Life | Bajaj Allianz Life

    Video Icon

    Happy Independence Day 2020 | #IndiaSolveKarteJaa | Bajaj Allianz Life

    Video Icon

    Flexi Income Goal – Variants, Features, Benefits Explained

    Video Icon

    Why Choose Bajaj Allianz Life To Help Get Your #LifeGoalsDone?

    Video Icon

    #DostiWithDad - Happy Father's Day | Bajaj Allianz Life | Life Goals Done

    Video Icon

    Covid-19 Survivor Story | Bajaj Allianz Life Smart Protect Goal | Bajaj Allianz Life

    Video Icon

    Lage Raho India - Keep getting your #LifeGoalsDone

    Video Icon

    Don’t Let COVID-19 Lockdown Get in The Way of Your #LifeGoals

    Video Icon

    Coronavirus (COVID-19) Advisory Video #DooriHaiZaroori

    Video Icon

    Coronavirus COVID-19 impact on markets - CIO Commentary | #KeepCalmStayInvested

    Video Icon

    Bajaj Allianz Life Leadership Team | #PlankForIndia

    Our MD & CEO, Tarun Chugh launches #PlankForIndia campaign and planks with Sanjiv Bajaj MD & CEO, Bajaj Finserv and Chairman Bajaj Allianz Life & the rest of the group leadership team.

    Video Icon

    #PlankForIndia | Bajaj Allianz Life

    Bajaj Allianz Life will contribute to the training and development of India's future sports stars. Come together to Plank for Good Health, PlankforIndia.

    Video Icon

    #PehlaDinPehlaResolution

    #PehlaDinPehlaResolution | Happy New Year | Smart Protect Goal | Bajaj Allianz Life

    Video Icon

    Bajaj Allianz Life Goal Assure

    Bajaj Allianz Life Goal Assure - A ULIP Investment Plan To Achieve Life Goals

    Video Icon

    Valentine's Day

    Valentine's Day

    Video Icon

    Bajaj Allianz Health Care Goal

    A Comprehensive Health Insurance Plan with Critical Illness Cover | Bajaj Allianz Life Health Care Goal

    Video Icon

    #36SecPlankChallenge video

    Promote Healthy Living for a Better Tomorrow with our #36SecPlankChallenge

    Contact Us

    Bajaj Allianz Life Insurance Company Ltd.

    Bajaj Allianz House, Airport Road, Yerawada, Pune - 411 006, Maharashtra

    Tel No: 020-66026773

    Fax No: 020-66026789

    Branch Visit Timings:

    Weekdays - 9:00 AM to 3:30 PM

    Customer Care Helpline:

    1800-209-7272

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    For NRI: +91 20 67871700 (Call charges apply)

    Monday 07.00 AM to Sunday 07.00 AM

    Sales Enquiry Helpline:

    1800-209-4040

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    For NRI: +91 20 67688888 (Call charges apply)

    Monday to Saturday: 9:00 AM to 7:00 PM (IST)

    Find Us Online