Life Goals Loading…

    4

    Notifications4

    • 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

    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

    4 Ways You Can Spend Your Annual Bonus - Know How To Invest Money

    4 ways to invest your annual bonus

    4 Ways You Can Spend Your Annual Bonus - Know How To Invest Money


    calender-blue

    April 19, 2019

    By : Bajaj Allianz Life

    For most of the salaried professionals, this time of the year brings in much joy and a sense of achievement. You get your annual bonus besides your usual monthly salary - just like the icing on top of a cake. While many of you will be tempted to spend all your bonus as it is an "additional income", there are many ways in which you can invest this extra income to improve your financial wellbeing and achieve your financial life goals.

    1. Pay off any credit card debt or loan debt you may have accumulated:

    Having unpaid credit card bills not only costs you a lot of extra money in late fees and interest but also lowers your creditworthiness and rating, which is not good for your overall financial well-being. Use your bonus to pay off any credit card bills that are unpaid. This will not only bring up your credit score but ease off a huge financial burden from your head. Similarly, if you have received a substantial end of the year bonus you can use this as an opportunity to reduce your bigger loans: home loans, education loans amongst others. This will give you the opportunity to use your usual monthly income for other expenses.

    2. Evaluate your life goals

    Use your bonus as an opportunity to review your long and medium-term goals and how your finances need to be adjusted to achieve the same. Once you have understood your financial needs for the upcoming years, you can use your bonus to invest in a plethora of options, including a new age ULIP plan that will help you build a corpus for fulfilling your life goals. If you have already invested in a ULIP, use the additional bonus income towards top-up investment on existing ULIP and take part in the burgeoning markets. However, ensure you have done proper research and mitigated the risks before investing in markets.

    3. Add to your rainy day fund

    Your bonus can be the perfect opportunity for you to add into your rainy day fund or set up one if you have not done so already. It is recommended to have enough in your rainy day fund to cover anywhere from three months to one year of expenses, including monthly EMI payments, rent, school fees, electricity and water bills, amongst other expenses.

    4. Invest in yourself

    Your bonus offers you the perfect opportunity to reinvest in yourself. Use the bonus amount to hit the gym or join the music class you wanted to take or just pamper your family with special gifts. This will make you feel happier and healthier, and you will know you've put your money to good use.

    The bonus that you receive is a reward for all the hard work you have been putting in. While it can be confusing to think of all the ways you could spend this additional income, remember to take a second and remind yourself of the fact that you have earned this because of your hard work and determination to achieve your work goals. You must hence enjoy your bonus and make it memorable by putting it to good use.

    Bajaj Allianz Life Videos

    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 to Saturday 9.00 AM to 7.00 PM (IST)

    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