Planning your route to achieving your #LifeGoals

We all have #LifeGoals that we wish to achieve. Having #LifeGoals helps us to be motivated in order to achieve them.

Antoine de Saint- Exupery quoted “A goal without a plan is just a wish.” How true is this quote, because life goals that do not have plans are merely wishes and dreams that will not be achieved in time?

Hence, it is very important to have a plan, so that you know what, where, when and how you will achieve your life goals.

Planning becomes important so that we can take care of all the necessities as well as the uncertainties.

A month back, I had written about how it was important to “Invest Smartly and Rightly to achieve your #LifeGoals”

I also did mention in that post as to how Bajaj Allianz Life Insurance was going to launch a product in order to help you achieve your #LifeGoals.

On 19th February 2018, they launched a value-packed goal-based Unit-Linked Insurance Plan (ULIP) called Bajaj Allianz Life Goal Assure. This new aged ULIP has been designed to provide investment benefits and life cover to the new generation of investors.

This ULIP has two unique benefits that are one-of-their-kinds for a ULIP in India. The Return of life cover, which guarantees that a policyholder will get back the cost of the life cover when the policy matures, thus enhancing the value of their corpus on maturity.

Also, if at maturity the customer opts to receive the maturity benefit in installments (and not lump-sum) over a period of five years, he/she will receive the benefit of Return Enhancer, which is an addition of 0.5% of each due installment. Further, the customer’s fund value will continue to participate in the fund(s) their choice.

In addition to the above features, the policy also provides Fund Booster. This is an additional amount added to the Fund Value on the date of maturity of the policy.

The other key features of the new ULIP include Loyalty Additions for paying premium regularly and staying invested in the policy. This is applicable for Annualized Premium of INR 5 lakh or more, and for policy terms of 10 years and above.

Furthermore, there are also options to decrease the Sum Assured, change Premium Payment Term, and unlimited free switches between funds for customers of the new age ULIP.

The customer also enjoys tax benefits under section 80C and 10(10D) with this product.

The ULIP also provides customers with four portfolio strategies that are designed as per different customers’ needs and risk tolerance. The portfolio strategies are Investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy and Auto Transfer Portfolio Strategy.

All in all, the ULIP from Bajaj Allianz Life Insurance has got you covered from all angles such as investing, life cover, returns etc.

While you contemplate on the importance of planning and investing smartly and rightly, I leave you with a quote by Benjamin Franklin “By failing to prepare, you are preparing to fail”

 

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