Many in India have a life goal to retire early from their daily jobs to pursue their real interests. On the same hand, keeping all parameters in mind, Indians are living longer. Both these statements lead to one thing – no matter when you retire, you will have more years in hand to enjoy your post retirement life. At the same time, while we are enjoying the fast pace economic development, inflation is a truth we cannot escape. The cost of living and healthcare are also increasing. Combine this with the earlier statement and it means that post retirement you will not only have a longer life ahead of you, but will need a substantial retirement corpus to take care of day-to-day expenses, health contingencies, needs of dependents and enough financial aid to meet all your retirement LifeGoals.
Hence, investing towards retirement is essential. Today, there are several financial instruments that help you build a retirement corpus, but may have some short-falls. Some of these instruments offer guaranteed returns that ensure you get a certain amount for sure. This security and guarantee is good, however, such products may not account for inflation or increased cost of living. Further, the taxation clauses associated with some instruments can impact the corpus you build or what you withdraw during your retired life. Also some of these instruments lack in liquidity options, restricting the withdrawal of funds, in case you may need for any emergency. While creating a retirement corpus, it is prudent to have some guaranteed income come in during your retired life. However, accounting for inflation and increasing costs of everything around, it is advisable to invest in retirement products that bring you the advantages of being marked-linked to meet your Retirement Life Goals.
To enable you to build a healthy retirement corpus by investing in India’s growth story through market-linked products, and offer flexibility and regular income during your retired life, Bajaj Allianz Life Insurance launched Bajaj Allianz Life LongLife Goal, today. This new-age whole-life ULIP comes with attractive features like tax free Retired Life Income, a life cover till 99 years and flexibility to make partial withdrawals. Thus, making it an ideal ULIP to have when you are investing towards getting your retirement Life Goals, DONE.
Speaking at the launch, Mr. Dheeraj Sehgal, Chief Institutional Business Officer, Bajaj Allianz Life Insurance, said, “Our philosophy to offer living benefits to our customers is well reflected in this product. This ULIP is an ideal investment option for those looking to enjoy a comfortable retired life, no matter when they plan to retire. Being cognizant of our increased life span, we believe it is essential to save and invest in simple, yet value-packed investments’ product, which will offer you a retired life income to make the most of your retired years. We took a good look of what is available in the market and mapped it against what the customers are looking for when it comes to retirement planning. Bajaj Allianz Life LongLife Goal bridges the gaps, and its unique features ensure that the product will become an essential product amongst our customers’ portfolio when it comes to planning for their retirement life goals.”