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

    Retirement Income – Know How To Generate Income After Retiring

    Retirement income generation

    Retirement Income – Know How To Generate Income After Retiring


    calender-blue

    October 15, 2019

    By : Bajaj Allianz Life

    After years of hard work, every individual deserves to live a stress-free retirement life. Investment in a retirement plan early is a straightforward way of ensuring a relaxed retirement life. When you invest in retirement plans, it either provides a retirement corpus or a retirement income to the policyholder depending on the plan opted for.

    Importance of a steady income during the retirement stage:

    In the earning years, a policyholder can invest in an investment vehicle that allows the growth of money. Later, the same accumulated cash provides financial support to the investor and his family post retirement.

    Whether you wish to live a comfortable life or achieve your life goals, opting for retirement income allows the investor to fulfil his dreams provided one has been wise and planned for his retirement well in advance. Moreover, the retired income may help in managing health expenses, financial emergencies, and a stress-free lifestyle. An investor and his family can lead a peaceful lifestyle with the help of retired income.

    To generate retirement income, a policyholder must know the steps to ensure study income. The cash inflow is the income replacement that a policyholder receives from the insurance companies.

    Steps to follow to ensure a steady income during your retirement:

    1. Choose ULIPs with retirement income benefits

    Certain insurance companies offer individuals with a Unit Linked Insurance Plan (ULIP) which has retirement income benefits. These benefits allow the investors to secure their family needs in the long run to ensure a happy retirement life. Hence, the investor must ensure that he scrutinizes his current standard of living before choosing a ULIP Policy with retirement income benefits so that he is able to sustain the same lifestyle in future.

    2. Optimize it as per your retirement age

    In India, the ideal retirement age is between 55-60 years of age. However, a majority of people today have a different take and prefer to take an early retirement to pursue their Life Goals.

    3. Pay premiums on time

    A policyholder is eligible to receive the retirement income only if he pays the premiums on a timely basis. When you pay this premium on the specified time or intervals opted for, you may also avail certain additional benefits which may form part of the availed retirement plan.

    4. Obtain the payouts after retirement

    The final step is receiving the payouts after the retirement age i.e. at the end of the policy term. The policyholder is given a choice to obtain these payouts either in a lump sum or in monthly instalments. One can opt for receiving the payout benefit every month as well to be able to help the investor manage his daily expenses.

    To sum up, an investor can opt for a retirement plan that would provide for his retired life income (RLI), Confirm with your insurance company whether or not they offer the retirement benefits.

    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