• Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal

  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

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

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

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

  • Paying your Renewal Premium is Quick and Easy!

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

  • Avail Term Insurance Tax Benefits under Section 80D

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


Thanks for showing your interest. A 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


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

In this policy, the investment risk in investment portfolio is borne by the policy holder.

Strong Long Term Fund Performance Track Record**

One Of The Most Trusted Brands#

Systematic Investment Plans SIP

Tax Benefits~ On Online ULIP Plans

Please enter a Name
Please enter a Mobile No.
Please check the box to proceed
WS_LIGuideHome_Banner_EN 307 38983691 WS_LIGuideHome_Banner_HI 307 38983695
WS_LIGuideHome_Banner_Mob_EN 307 38983693 WS_LIGuideHome_Banner_Mob_HI 307 38983677
Please Select Language

**, #, T&C Apply | BJAZ-WB-EC-02755/21

Why Should You Invest In SIP – Know The Benefits

By : Bajaj Allianz Life

We all have various financial obligations like daily needs, school fees, and short trip with family or buying a fancy gadget where we require onetime payment for which money can be relatively collected easily. But for long term goals like retirement or purchasing a dream home, one needs to save and invest for many years. Planning and investing money systematically and regularly enables one to sail through these obligations. A systematic investment plan (SIP) could prove to be an effective solution towards achieving these life goals.


SIPs all the way


The concept of Systematic investment plan has grown steadily over the recent past and has developed a huge fan following. It has many takers, due to the multiple benefits on offer such as it inculcates disciplined approach towards financial savings, light on wallet, it helps investors ride the market volatility by averaging out the cost as they invest a fixed sum regularly at various levels and also helps in benefitting from the power of compounding, which means longer the investment horizon, the greater the benefit.

Systematic Investment Plans can be more meaningful if you have a well-defined end or goal in mind.

For a more focused approach to systematic investing you can begin by first answering these questions:

  • Do I need to start a SIP today?
  • What is the specific goal I hope to achieve with the SIP?
  • What is the quantum of money I need to mobilize to meet this goal?

The questions should make the investor commit a specific goal against the SIP. Also, he/she is obliged to specify the sum of money he/she believes is necessary to achieve the goal via SIPs.


SIPs for the right reason


Let's see how Virat, a 30-year old media professional, used the SIP route to achieve a key life stage goal.

Virat wishes to send his son to the best medical college. A rough calculation tells him the cost of providing medical education for his son 15 years from now works out to ` 30 lakhs. Virat chooses the SIP route to save money for his son's education.


Virat scores a goal with SIPs


Virat's goal Son's medical education
Investment tenure (years) 15
Amount to be mobilized at end of tenure (`) 3,000,000
Investment vehicle SIPs
Assumed rate of return (CAGR) 12%
Monthly SIP (`) 6,000

(This is for illustration purpose only.)

Clearly, Virat's association of a goal (child's education) with the SIP gave a lot of seriousness and credibility to his investment plan. This kept him focused from the outset and made him invest regularly in the SIP. He was well aware of the fact that he could not afford to slipup, given that it's his child's education at stake.

This demonstrates that systematic investment approach is critical in achieving cherished financial goals. But first investors must answer the questions - why invest, how much to invest and for how long to invest, before initiating the SIP. This will bring much-needed focus and discipline in the investment process and pave the way for a more assured financial future.

#Survey conducted by brand equity – Nielsen in March 2020

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

**Past performance is not indicative of future performance.

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.