Life Goals Loading…

10 Blue cross

Notifications10

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

    KNOW MORE
  • Here's a Comprehensive Tool To Plan Your Child's Future

    START NOW
  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

    WATCH VIDEO
  • Get Life Cover worth Rs.1 Crore at Rs.21 per day2 – Bajaj Allianz Life Smart Protect Goal

    CALCULATE 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
  • Paying your Renewal Premium is Quick and Easy!

    PAY NOW
  • Know the right amount of Insurance you need in just a few steps!

    START NOW
  • Avail Term Insurance Tax Benefits under Section 80D

    READ MORE
  • Know how to invest money during the covid-19 pandemic!

    READ MORE

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
X

Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

6 Online Investment Tips for Beginners

Tips to help you make the right investment from Bajaj Allianz Life

6 Online Investment Tips for Beginners


calender-blue

Sept 27, 2018

By : Bajaj Allianz Life

If you are investing for the first time, the chances are that you will be bombarded with advice and tips from your friends and relatives, or you might be confused by never-ending instructions from financial publications about where to invest and how much to invest.

Your concern is understandable as it is your hard-earned money and you do want to get the maximum returns from the investment. It is a tough decision which will have a long-term impact on your finances.

Here are some simple, straightforward but extremely relevant tips to help you escape the noise and to zero in on the perfect investment.

1. Prepare an Investment Plan:

A key to the best investment results is to be extremely clear about the goal. Investment based upon life goal means that you have a time frame and the amount needed in mind. Once you have decided on the life goal, it is time to zero in on the type of investment which will enable you to realize the life goal. The type of investment vehicle can be decided based on your age, liabilities, income and your life goal.

2. Start Early

The sooner you start, the better it is as it allows you to take advantage of the 'Power of Compounding.' Benjamin Franklin once said, "Money can beget money and its offspring can beget more." Power of Compounding is a powerful concept enabling the investor to earn interest on the initial capital.

3. Invest Systematically

It is advisable to start with a small amount, but it is vital to maintain consistency and to invest at regular intervals. Avoid the temptation to time the market or investing large sums in a single go. Doing so, you will be deprived of the benefit from the concept of Rupee Cost Averaging, whereby investing on a regular basis allows you to even out the highs and lows of the market. Thus the trick is to set a time frame and stick to it to get the best returns out of your online investment.

4. Consider the Tax Benefits

For most of us, one of the critical reasons for investing is saving on tax. As an investor, you should go for investment options that not only help you save tax but also generate tax-free income. If the income earned is taxable, you limit the scope of making money over the long run as taxes bring down your returns. For instance, Unit Linked Insurance Plans (ULIPs) have emerged as the only equity-linked investment plan which continues to be tax-free after the introduction of Long Term Capital Gain tax in the Union Budget 2018.

5. Check the Past Record

Being a first-time investor, it is advisable to check the past fund performance records of the companies you would like to invest in. Invest in companies whose funds have displayed a solid and consistent performance in the past. A reliable investment partner will not only ensure the best possible return on investment for you, but you will also feel a peace of mind, which is priceless.

6. Diversify

A fundamental rule of investment is to never put all your eggs in one basket. Which means one should not stick to one asset class but diversify across a portfolio of asset classes to get the best results. Even if returns from one investment do not meet your expectations, profits from other areas will help you compensate for your losses.

In the end, prudent and judicious investment is the only way to grow your corpus and to meet your life goals. Invest consistently and in keeping with your goals to get the maximum returns. Various investment instruments, including ULIPs, allow you to do just that. Follow these tips, choose your investment partner carefully and invest to achieve and enjoy your life goals.

Bajaj Allianz Life Videos

Video Icon

ULIP Ek, Fayde Anek | Bajaj Allianz Life

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:

Monday to Friday - 9:00 AM to 3:30 PM

Saturday - 9:00 AM to 1:00 PM

Customer Care Helpline:

1800-209-7272

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

NRI Services Helpline

24/7 (All week days)

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

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.