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Retirement Planning – A Comprehensive Guide

Some people may be married to their work. For others, however, working for long hours becomes a habit. If this sounds like you, then you’ve probably contemplated retiring by your early sixties or late fifties. And this is a goal that doesn’t come easily. It takes a lot of careful planning to successfully achieve the financial standing needed to stop working early in life. If you’re interested in learning more about how to retire early, this guide can help you get started with all the financial strategies needed for achieving your early retirement goals.

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Written ByPalak Bagadia
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Palak Bagadia, Associate – Digital Marketing at Bajaj Allianz Life, with experience spanning content and performance marketing, recruitment, employee engagement in the BFSI industry.
Reviewed ByRituraj Singh
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Rituraj Singh,With over 6.5 years of experience in the insurance industry, Rituraj Singh, Manager- Product & Brand Marketing at Bajaj Allianz Life Insurance overlooks new product launches, compliance, and brand projects, leveraging artificial intelligence and technology to enhance outcomes.
Written on: 16th June 2025
Modified on: 19th June 2025
Reading Time: 15 Mins
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What is Retirement Planning?


Retirement is a phase when you step aside from your professional career and spend more time with yourself. You want to pursue dreams that were pending due to work commitments. You want to spend quality time with your loved ones. However, all these require you to establish an alternative source of income after your regular income is gone. Therefore, a strategic retirement planning is needed. Basically, it is about understanding how much money you’ll need when you stop working and finding the right ways to save and grow that money. The ultimate objective is to ensure you do not have to struggle financially post-retirement.


Why Plan for Retirement?


Planning for retirement is important because it helps you live without money problems later in life. Here’s why it’s needed:


  • People live longer now: With better healthcare, people in India now live longer. You may need money for 20 to 30 years after retiring. If you don’t plan well, your savings may not last that long.
  • Inflation goes up: Things get more expensive over time. Something that costs ₹100 today might cost ₹200 in 10-15 years. If you don’t plan, you may not be able to afford the same things in the future.
  • Medical costs are rising: As we get older, we may fall sick more often. You may need money for medicines, tests, or hospital bills. Having a retirement plan helps you be ready for this.
  • You won’t earn a salary anymore: Once you retire, your regular income stops. But expenses like food, rent, and travel still continue. A retirement plan gives you a monthly income to cover those costs.
  • You can help your family: With a good retirement plan, you don’t need to ask for help. In fact, you can even support your children or spouse if needed.
  • You can live the way you want: Some people want to travel, others want to follow hobbies. When you plan well, you have the freedom to enjoy retirement in your own way.

In short, a good retirement plan gives you peace of mind. You won’t need to depend on anyone, and you’ll be ready for both fun times and emergencies.


What is considered as early retirement, really?


With regard to financial planning, retiring at any age prior to 60 is considered to be early. Many people find that with the right planning, it’s easy enough to retire by 60. However, for the folks who’re keen on accomplishing this life goal by 55 or earlier, it takes the right kind of financial habits to get there. As a general rule of thumb, if you haven’t set any particular age for retirement yet, you could strive to retire before you get into the senior citizen bracket. This is a reasonable enough objective to have on your financial to-do list.


Some professions make it easier for the people involved to retire by their mid-fifties. For instance, military servicemen find that once their contract in the forces comes to an end, they’re eligible for full pension and retirement benefits. Other professions like teaching and medicine may not be conducive to early retirement, either because it may not be possible for individuals to accumulate a corpus sizeable enough to support their lifestyle after retirement, or because the people in those professions may grow attached to their professions over the years.


Either way, if you’re entirely certain that you want to bid goodbye to the 9-to-5 routine before your golden years, there are many retirement plans in India developed specifically to help you achieve this objective.


How Retirement Planning Works?


There can be no one-size-fits-all plan. Also, financial plannings change with time and goals. Similarly, your retirement planning requires adjustments based on different phases. Your needs, income, and savings change with age, so your plan must change too.


Early Years


During the initial phase of their career, many people are barely concerned about retirement. But, experts suggest this is the right time to start. Even a small amount saved now can grow big later due to compounding.


Middle Years


From your mid-30s to 50s, your earnings usually grow. This is the right time to increase your savings and invest more in long-term plans. You can also start exploring pension plans, and other tax-saving options.


Later Years


In your 50s, you’re closer to retirement. You should start moving money into safe options like fixed deposits ,annuities etc. Check your health insurance and repay debts. Make sure you’re ready to enjoy retirement without money stress.


What are other aspects of retirement planning?


Retirement planning is not only about saving money. It also includes some other important parts that keep you and your family safe and ready.


Health-Related Expenses


Health expenses may rise as you get older. Planning early for your retirement helps ensure financial stability later in life. By taking steps now, you can protect your savings from huge medical bills.


Home


Try to clear off any home loans before you retire. If you have your own house, you won’t have to worry about rent. Owning a home also gives you peace of mind.


Estate Planning


Estate planning means deciding how your money and assets will be shared after you. Make a will and talk to your family about it. This avoids confusion later and gives you full control over your savings.


How Much Do You Need to Retire?


The amount you need to retire depends on your lifestyle, monthly expenses, and goals. Some people need ₹1 crore, others may need more or less.


To know how much you need, ask these questions:


  • How much do you spend every month?
  • Do you plan to travel, move, or start a hobby?
  • Do you have any loans or dependents?

Now, think of how long you’ll live after retirement. A simple rule is to plan for 25–30 years post-retirement. Multiply your yearly expenses by 25. That gives you a basic idea of your retirement fund.


Also, remember inflation. A ₹30,000 expense today could become ₹60,000 in 15 years. So, plan your savings by increasing your target every year.


You can also use a retirement calculator online to get a better estimate. Start early and keep checking your plan every year. This way, you can retire without worry.


How to retire early?


Voluntarily handing in your resignation letter by your fifties, catching a flight out of the city, and hopping from one exotic destination to the next – this is a pipedream that most people in the average corporate setup have had at some point during their career. Interestingly, by planning it right, this need not be just a fantasy. It’s practically possible to achieve the goal of early retirement and enjoy your golden years doing the things you’ve always wanted to do.


So, the question of the hour is this – how to retire early. Is it enough if you simply develop a retirement investment plan? Or do you need to acquire other everyday habits that can help you get closer to this goal? The answer is that the journey to early retirement requires you to do both. You need to adopt the right habits as well as invest in the many retirement plans in India available for this very purpose. Here are some strategies that can help.


10 essential strategies that can help you get started with early retirement


  1. Chart out your retirement goals clearly


    The first thing you need to take care of before you chart out your financial plan for an early retirement is figuring out what you want your post-retirement life to be like. Do your retirement goals include traveling the world or learning a new skill? At what age do you plan to retire? And how much money do you need to sustain the kind of lifestyle you intend to enjoy during your golden years?


    These are some of the questions you need to sort out before you put your plan in place. You also need to establish your retirement budget well in advance, so you can ensure that you save up enough money to meet your everyday expenses after you’ve retired. Determining these parameters clearly makes it possible for you to adopt the right approach towards investing for your golden years.


  2. Take stock of your current expenses


    To get a realistic idea of the earliest age by which you can retire, you need to take stock of your current spending habits. Even the people who believe they live extremely scrupulously may be surprised to find certain loopholes in their budget, causing them to spend more than they intend to. Something as small as grabbing a cup of coffee to-go each morning before you head to work can add up to a sizable expense by the end of each month.


    While it’s not particularly a terrible thing to spend on life’s little luxuries, it’s always a smart move to remain aware of where each penny you earn goes. To get started, you can maintain a monthly account of every expense you incur, no matter how small it is. Compare the data for a set of 3 to 6 months to figure out if there are any outlays that take up more money than they should.


  3. Live below your means


    One thing most people who’ve happily retired by the time they’ve hit 60 have in common is that they live well below their means. If your expenses eventually exceed your earnings, it’s practically impossible to accumulate long-term wealth. Living frugally ensures that you spend less than you earn, thereby leaving you with enough funds to park in a retirement investment plan.


    To begin with, you need to identify the areas in your everyday spending habits that cost the most. For a significant majority of the people, aspects like food, transportation, or housing make up the biggest areas of expenditure. While it’s not possible to eliminate these outlays entirely, it’s certainly feasible to reduce the money you spend on these major heads of expenditure. Some ways you can achieve this goal include saving eating out for special occasions, taking the public transport system where possible, and opting for affordable housing.


  4. Eliminate debt


    Debt can often be the single biggest deterrent to retiring early. Instruments of consumer debt such as housing loans, car loans, and personal loans often come with high rates of interest. To reduce the amount of monthly instalments, you may have to extend the tenure of repayment. And doing this can take a huge block of years from your life. Alternatively, if you opt to repay your loans early, you’ll not have to deal with high EMIs.


    It’s advisable to choose an option that fits in well with your financial situation. Nevertheless, however you decide to deal with your borrowings, try and ensure that you eliminate all debt well before you retire. Carrying your liabilities into your golden years can prove to be a fatal financial mistake that can dig into your retirement fund at best or force you to head back to worst. Both these options are not only inconvenient, but also defeat the entire purpose of retiring early.


  5. Obtain an alternate source of income


    One source of income may be enough if you’re a frugal spender. However, if the kind of lifestyle you intend to enjoy after you retire involves luxuries of a certain standard, it may be essential to obtain an alternate source of income during your working years. Even if you’re unsure of the kind of life you want to experience post-retirement, it’s worth picking up a side hustle to supplement your primary source of income.


    Some side hustles may require a little or a lot of your time, and they may only be good options if you work part-time elsewhere or if you have flexible working hours at your primary job. However, the good news is that side hustles don’t always need to be second jobs that you need to actively participate in. You could even leverage an asset such as real estate to generate passive income for you on the side-lines.


  6. Follow a retirement investment plan


    Investments undoubtedly need to form the core of your retirement planning. The best time to formulate your retirement investment plan is as soon as you receive your first salary, so you can start saving up right away. To begin with, consider investments that allow you to park small amounts of funds periodically, on a monthly, semi-annual, or annual basis. Systematic Investment Plans (SIPs) can be a great place to start, since they allow you to begin investing with amounts of money as small as Rs. 1,000 per month.


  7. Automate your savings


    Your savings shouldn’t be something that you only revisit at the end of each year. Ideally, you need to ensure that you contribute to your savings on a monthly basis, so you can make it a habit. Unfortunately, this can be difficult to do each month, because you never know when an emergency situation can take your focus away. A good alternative to this is to automate your savings. You can have an early retirement plan to start with which would take care of your savings to get your early retirement life goals done.


    Instead of manually managing your savings plan, you can set up automatic debit mandate that make it possible to transfer money from your savings accounts to your investment accounts spontaneously on the dates specified. This system ensures that irrespective of what’s keeping you busy; your investment plan continues to remain on track.


  8. Pay attention to your taxes


    Over the course of your career, as you advance up the professional ladder, your income will likely continue to increase. After a certain point, you may find yourself being propelled into the highest tax bracket, where a little over 30% of your earnings will go on to contribute to your tax liability. Without careful tax planning, your taxes can quickly erode your retirement investment budget significantly.


    To ensure that you avoid this costly mistake, take advantage of the many provisions available in the Income Tax Act, specifically included with the intention of reducing the tax burden on individual assessees. Section 80C is a key element here, since you can enjoy deductions up to Rs. 1,50,000 for various investments made by you during the financial year. Additionally, if you’re a salaried employee, there are many tax-free perquisites that you claim an exemption on.


  9. Revise your retirement plan as needed


    To retire early, not only do you need a good retirement plan, but you also need to ensure that it’s financially relevant. And while it’s always a good move to chart out a financial plan for early retirement as soon as you earn your first pay check, it’s also essential that you revisit it from time to time to ensure that it’s the best course of action for you at various stages in life. Failing to modify your retirement plan as needed can make it redundant in as little as 5 years.


    Tax laws change frequently, banks and lenders revise the interest rates on loans and deposits, and the return on investment for various options continue to fluctuate year after year. Taking stock of your retirement plan on an annual basis can help you evaluate the relevance of your investment portfolio. It also gives you the chance to take advantage of the newest financial developments.


  10. Take the help of a financial advisor


    If you’re unsure about how to begin planning for early retirement, you can always talk to a financial advisor and seek their professional assistance. Financial advisors, being experts in areas like giving investment advices, taxation, and general financial planning, can create a retirement plan that’s just right for your specific goals. Alternatively, if you already have a plan in place but require some advice on how to improve it, a financial advisor can help you out.


    To develop your retirement plan, a financial expert will require details like the age at which you wish to retire, the amount of corpus you intend to accumulate as your retirement fund, and the kind of goals you wish to pursue in your golden years. With these details, your financial advisor can figure out the best way for you to invest your money during the years you’re working.



Popular Retirement Plan in India 2025


There are multiple investment options when it comes to retirement planning. Their primary objective is to provide financial stability by the end of your career. However, they differ at the functional levels. Here are some options:


  • Senior Citizen Savings Scheme (SCSS): It is a government-backed plan with stable returns. SCSS is dedicated to people aged 60 and above. It is a safe option, which means market fluctuations do not affect the investment.
  • Public Provident Fund (PPF): Typically for long-term saving. Fixed interest and tax-free returns. Lock-in period of 15 years.
  • National Pension System (NPS): Lets you invest in market-linked funds. Offers tax benefits under Section 80CCD(2)*.
    *This benefit is a new addition under the new tax regime.
  • Debt Mutual Funds: For people who want returns with less or no risk.

Choose a plan that suits your comfort level with risk. Some plans give tax benefits, while others offer steady income. You can mix two or more plans to balance safety and growth.


Importance of Retirement Planning


Retirement planning is very important for a peaceful and stress-free life after your working years. It helps you manage expenses, stay independent, and be ready for anything unexpected.


Prepare for Medical Emergencies


Medical costs can be high in old age. With a good retirement plan, you’ll have money to handle health issues like hospital bills, medicine, and check-ups.


Remain Financially Independent


You don’t have to depend on your children or others if you plan your retirement well. This way, you can live with confidence and freedom.


Help Your Family


If you save well, you can also help your loved ones. A strong retirement plan allows you to support your spouse, children, or even grandchildren when needed.


Meet Your Financial Goals


Planning ahead helps you meet your dreams. You may want to travel, follow a hobby, or buy something special. A good plan ensures you have enough savings to do it.


Advantages of Retirement Planning


Retirement planning offers many benefits. Here are some of the main ones:


Life Expectancy


Since people live longer now, retirement planning helps you prepare for many years of life after you stop working. It ensures your money lasts longer.


Medical Costs


It helps you set aside money for medical expenses that can come up as you grow older. This way, you don’t have to worry about big hospital bills.


Tax Benefits


Many retirement plans offer tax savings under Section 80C (only under the old tax regime) and other sections. This means you can save more and also reduce your tax bill.


Peace of Mind


When you have a plan, you feel less stressed. You know your future is secure, and you can enjoy your retirement without worries.


Stages of Retirement Planning


Your approach to retirement planning will change as you grow older. Here are the three main stages:


Young Adult (Ages 21–35)


This is the best time to start. Even small savings can grow big with time. Focus on building good money habits, , taking advantage of employer schemes like EPF.


Early Midlife (Ages 36–50)


At this stage, your income may be higher. Increase your savings and explore more investment options. Start planning your retirement goals seriously and look at options.


Later Midlife (Ages 50–65)


This is when you need to shift to safer investments. Start preparing for post-retirement life by clearing debts and ensuring health insurance is in place. Begin estimating your monthly needs after retirement.


Where should you invest for retirement?


There are many ways to invest for retirement. Choose based on your goals and how much risk you can take.


For Regular Income after Retirement


Invest in annuity plans. They give monthly payouts that can cover your everyday expenses.


Safe and Secure Investment without Market Volatility


Fixed deposits and senior citizen savings schemes are few of the options. They offer steady returns and are not affected by market ups and downs.


Guaranteed Lifelong Income


Some annuity plans, provide a guaranteed* income for life. These plans are designed to give you regular payments after retirement, offering financial security and peace of mind.


Tax Benefits on Investments


PPF, NPS, and life insurance policies help save on taxes. You get deductions under Section 80C and more, depending on the plan.


Your Needs


Mutual funds come in different types with varying levels of risk and potential returns depending on your needs and goals.


Tips for Retirement Planning


Smart habits can make retirement planning much easier and more effective.


Start Saving Now


Begin saving from your first salary, even if it’s small. The earlier you start, the more time your money has to grow.


Prepare for Future Financial Emergencies


Always keep a little extra money aside for sudden expenses like medical issues or home repairs. This way, your retirement savings remain untouched.


Explore Life Insurance Options


Life insurance is important in retirement planning. It financially protects your family in case something unfortunate happens to you.


Diversify Your Investments


Don’t put all your money in one place. Mix different types of investments like life insurance, PPF, NPS, FDs, and mutual funds to balance safety and growth.


Think About Your Retirement Goals


Everyone has different dreams. Plan your savings based on the kind of life you want after retirement.


Factors to Consider While Planning for Retirement


Good retirement planning means looking at different parts of your life and adjusting your savings accordingly.


Estimate Retirement Age and Investment Horizon


Think about when you want to retire. This helps you decide how many years you have to save and how much to save each year.


Risk Appetite


If you are young, you can take more risks and try high-return investments. If you’re older, go for safer options to protect your money.


Current Financial Situation


Know how much you earn, spend, and save. This helps in deciding how much extra you can keep aside for retirement.


Spending on Retirement Needs


Think about future costs like food, rent, hobbies, or travel. Planning for these in advance helps you save the right amount.


Asset Allocation Plan


Divide your money wisely among shares, mutual funds, fixed deposits, and pension plans different types of financial plans. This helps balance growth and safety.


Change Investments Closer to Retirement


As you near retirement, shift your money to safer plans. Avoid risky investments so your money stays protected.


Keep Paperwork Ready and Involve the Family


Tell your family where your savings and documents are. Make a will and keep insurance papers, pension details, and bank documents safe.


Choose the Right Financial Partner


If the idea of planning is a little daunting to you, reach out to a certified financial planner. A professional can provide guidance based on your age, income, and objectives.


Begin as Early as Possible


The more time you have, the better; that is, more time to save. The sooner you start saving (preferably in your 20s or 30s), the larger your retirement funds can grow without much pressure.


Invest First, Spend Money Later


Establish the habit of saving your money before spending it. Make saving the first expense you incur each month, and make a firm commitment to a specific monthly saving target; treat saving like a bill.


Pay off Costly Debts First


Retire unnecessary debts first, and focus on high-interest loans, like credit card dues or personal loans. By doing this, you can save more money in your retirement fund.


Set Automatic Transfers


Set up automatic monthly transfers to your savings or pension fund on payday. This way, it becomes easy to manage your monthly savings without forgetting.


Set up Annuities


An annuity gives regular monthly income during retirement. This plan helps ensure you have money when you need it during your retirement years.


Check for Tax Efficiency


Be selective of the investment plans you follow and check to see if they can provide tax savings on top of regular income. This will ensure you have access to savings now while saving for the future.


Monitor Regularly


Check your savings plan one or two times a year. You may want to make changes or find savings based on new goals, expenses or changes in income.


How Do Retirement Plans Work?


Retirement plans provide a way for you to save money during your working life, so that you can hopefully receive a regular income when you retire. You can invest a small or a large amount on a regular basis in the plan that you choose. On retirement, you either receive regular payments monthly or a lump sum. Some also provide tax benefits. The intent is to replace your regular salary with an income after you retire.


Eligibility Criteria for Retirement Plans in India


To join a retirement plan in India, you must meet certain conditions:


Entry Age:


Most retirement plans allow you to start from age 18. Some may require you to be at least 21 or even 30. Always check the plan details before signing up.


Premiums:


You must pay a fixed amount regularly. This can be monthly, quarterly, half yearly or yearly. You can choose the amount based on your income and how much you want to save.


Vesting Age:


This is the age when you start getting retirement benefits. It’s usually between 40 and 80 years. You can choose your vesting age depending on when you plan to retire.


Retirement Planning Mistakes to Avoid


Here are some common mistakes people make while planning for retirement:


Not Preparing for Emergencies:


Unexpected medical or home costs can break your savings. Always have an emergency fund separate from your retirement savings.


Not Planning Ahead:


Don’t delay your retirement planning. The earlier you start; the better results you get.


Carrying Debt into Your Retirement:


Try to clear all loans before you retire. Loans during retirement reduce your income and increase stress.


Underestimating Required Savings:


Don’t just plan for current expenses. Think about inflation, medical costs, and future goals too.


Not Starting Early Enough:


If you start saving late, you’ll have to save more each month. Starting early gives you more time and peace of mind.


Retirement Planning with Life Insurance


Life insurance can be a big help in retirement planning. It protects your family financially in case something happens to you. Life Insurance retirement plans include life cover along with savings. This way, you get two benefits in one plan: regular income after retirement and financial security for your family. It’s a smart choice if you want peace of mind and support for your loved ones.


Conclusion


By following these small tips, you can realize your dream of retiring early with a reasonable fund to get you through your golden years. When you’re getting started, remember to set reasonable goals for early retirement. Impractical targets will only set your plan back, making it harder for you to revise it later in life. So, start by taking small steps toward the goals you’ve set, and revisit your plan periodically to ensure that it remains aligned with your overall objective.


Frequently Asked Questions


What are the 7 steps in planning your retirement?


The 7 steps are: decide when to retire, define your post-retirement goals, check your future expenses, estimate how much you need, assess your current savings, choose the right plans, and review your plan regularly


What is the 4% retirement rule?1


The 4% rule is a widely used guideline in retirement planning. It helps estimate how much you can safely withdraw from your retirement savings each year—typically 4% of your total savings—so your funds last for at least 30 years.


References:
  1. https://economictimes.indiatimes.com/wealth/plan/retirement-planning-what-is-the-4-rule-for-retirement-withdrawals/articleshow/109025700.cms?from=mdr

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^Benchmark: Nifty 500 Multifactor MQVLv 50 Index past 5 CAGR Returns, as on 30th May 2025. Past returns of a fund are not necessarily indicative of the future performance of the fund. | Please consult the financial advisor before investing.

 

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

 

ULIPs are different from the traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Bajaj Allianz Life Insurance Company Limited is only the name of the Life Insurance Company and Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01),  Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN- 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V03) are only the name of the unit linked insurance contracts and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com ) carefully before concluding a sale.

 

Nifty 500 Multifactor 50 Index Fund is available Bajaj Allianz Life Future Wealth Gain IV - A Unit- linked Non- Participating Individual Life Savings Insurance Plan (UIN:116L202V01), Bajaj Allianz Life Goal Assure IV - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L204V01), Bajaj Allianz Life LongLife Goal III is A Unit-linked Non-Participating Whole Life Insurance Plan (UIN:116L203V01), Bajaj Allianz Life Invest Protect Goal III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L205V01), Bajaj Allianz Life Magnum Fortune Plus III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L207V02), Bajaj Allianz Life Goal Based Saving III - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN:116L206V01), Bajaj Allianz Life Fortune Gain II- A Unit-linked Non Participating Individual Life Savings Insurance Plan (UIN- 116L196V02) and Bajaj Allianz Life Smart Wealth Goal V - A Unit-linked Non-Participating Individual Life Savings Insurance Plan (UIN: 116L201V03)

 

In addition to the already existing funds, Nifty 500 Multifactor 50 Index Fund is now available with the above mentioned products. Customer has an option to choose from other available funds apart from Nifty 500 Multifactor 50 Index Fund

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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, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, 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

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