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

    Why Early Retirement Planning Should Be On Your Priority List

    Prioritize early retirement planning

    Why Early Retirement Planning Should Be On Your Priority List


    calender-blue

    March 03, 2020

    By : Bajaj Allianz Life

    Retirement is a crucial phase of our life. In India, the usual retirement age is between 55-60 years. However, these days you will find many people discussing and thinking of early retirement. It’s the era where we see emergence of unconventional Life Goals. These aspirations are common amongst the millennials today. Before resigning from your job, an individual must plan for his retirement well in advance. Early retirement planning can help you live your passion and achieve your Life Goals.

    The prime aim of retirement planning is the provision of a comfortable life in the future. Considering the inflation rate or increasing costs of all commodities as one of the factors for planning your finances, it becomes natural for one to plan for the unseen future i.e. to ensure your retirement is secure. One’s aim should be to plan in a manner such that they can at least maintain their standard of living. Additionally, there are multiple reasons why early retirement planning is essential. Take a look at these top six reasons why early retirement planning should be on your priority list:

    6 reasons to consider before planning for early retirement:

    1. Realization of your life goals

    The long working hours make it difficult to achieve your dreams while you’re young and working. Hence, a majority of people prefer accomplishing their life goals post-retirement. With ample retirement funds, specific life goals like traveling or pursuing hobbies are achievable post early retirement.

    2. Security of your loved one’s goals even in your absence

    The breadwinner of the family has the responsibility of the spouse and their children. A non-working spouse is dependent on the breadwinner to get their financial needs fulfilled. When the earning member of the family passes away, the spouse’s financial future could become uncertain. Therefore, invest in a pension plan with a life insurance component that would ensure the security of your loved ones and ensure their Life Goals even in your absence.

    3. Provision for tackling medical emergencies

    The unpredictability of life makes early retirement planning the need of the hour. As you grow older, the chances of being diagnosed with unannounced medical emergencies are higher. Moreover, rising hospital bills are inevitable. One of the measures to ensure such medical emergencies are taken care of is by investing in a retirement plan with critical illness cover rider.

    4. Impacts of inflation

    The effects of inflation on your investment is not something you can control. Investment in a market-linked product like a Unit Linked Insurance Plan (ULIP) may help you resist the effect of inflation provided you have planned your finances well. Staying invested in the market for a long time could help you accumulate the required corpus hence resulting in the growth of your invested money at a pace that could help you combat inflation and get your retirement goals done.

    5. Monthly pay-outs as retired life income

    Under a pension plan / retirement plan as you may call it, a policyholder can choose a payout option as per the plan opted for as your retired life income. A monthly payout could help the policyholder to make sure the flow of income does not stop even after retirement. The retirement income, especially in the form of monthly pay-outs, takes care of the routine needs of the entire family ensuring that your lifestyle remains unchanged, even during retirement.

    6. Security of child’s life goals.

    We wish to fulfil every single dream or goal of our kids. As they grow older, we might want to send them abroad for their further studies or plan their dream wedding. For that, one needs to have enough resources or funds. With proper planning and investments, no parent will have to compromise with their kid’s life goals even if they stop working. Planning on time is the key here as one would need to stay invested for a long duration to be able to achieve the corpus for the required life goals.

    To sum up, retirement marks the beginning of a stress-free way of living, but only if your future finances are assured. You can ensure that you do not have to struggle with inadequate resources after retirement. Investment in a pension plan at a young age to maintain your lifestyle with regular cash flow even after retirement may prove beneficial. The earlier you start planning and investing, the easier it gets for attaining your retirement life goals. Further, you can always consult a subject matter expert for further details for making an informed decision.

    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