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Bajaj Life Legacy Planning in India – How to Protect, Transfer and Preserve Wealth Across Generations

Most of us spend our entire lives building wealth: a home, a family business, a few insurance policies, or a mix of investments. But very few of us plan for what happens to it after we are gone. Legacy planning is about making sure your hard-earned assets reach the right people, in the right way, without confusion or conflict. In India, this conversation is long overdue. Families lose wealth not because of poor investments, but because of missing documents and unclear intentions. Let us understand what legacy planning actually means, the tools to use, the laws to know, and the steps to take to protect our loved ones from legal battles and tax shocks during an already difficult time. ..Read More

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Written By

Rosy Pathak

Date Published : 24th July 2026

Rosy Pathak

Rosy Pathak, DVP- Product and Brand Marketing at Bajaj Life Insurance carries over 19 years of experience in Marketing and a demonstrated history of working in the insurance industry. She is skilled in Product Management, Planning and Strategy, Project Management, Marketing and Communication.

Reviewed By

Avdhesh Gupta

Date Modified : 24th July 2026

Avdhesh Gupta

Avdhesh Gupta, Appointed Actuary at Bajaj Life, brings close to 20 years of experience across life insurance, reinsurance and consulting. He plays a key role in strengthening risk governance, ensuring long-term financial sustainability, and driving customer and shareholder value. He oversees actuarial and risk functions, including valuations, embedded value, product pricing, regulatory and shareholder reporting, and enterprise risk management. Avdhesh also leads global reinsurance partnerships and serves on the Advisory Group of the Institute of Actuaries of India on IFRS 17

What is Legacy Planning?
Wealth Creation vs Wealth Transfer
Emotional and Financial Side
Why is Legacy Planning
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What is Legacy Planning?

Legacy planning means deciding, while you are alive, who gets what when you’re no longer around. It is not just about money. It includes your property, investments, business, and even your values.

Wealth Creation vs Wealth Transfer

Earning money is one job. Passing it on safely is a completely different one. Most people focus only on the first part.

India is creating wealth faster than ever. With this rapid rise in the economy, more and more families are asking not just "how do we grow our money?" but "how do we make sure it reaches the right hands?" That shift in thinking is exactly what legacy planning is about.

The Emotional and Financial Side

Let us understand it with an example. Take Sunita from Nagpur. After her husband passed away, she discovered he had three fixed deposits but had not filled in any nominations. The bank process took two years and drained the family emotionally and financially. The money existed, but the plan did not.

Legacy planning protects your family from exactly these situations of unnecessary paperwork, legal fights, and heartbreak. It is not about death. It is about love, responsibility, and giving your family a smooth road ahead.

Why is Legacy Planning Important in India?

Most families assume a will is enough. Others say, "We will sort it out when the time comes." But life rarely gives us that kind of warning.

Legacy planning is about making sure your wealth reaches the right people, in the right form, at the right time, without family disputes, court delays, or forced asset sales. In simple terms, wealth without a plan is a burden, not a gift.

The example below gives further clarity:

Meet Vikram, a successful 62-year-old from Chennai. He owned two apartments, a plot of land, a stock portfolio, and a family business. He always meant to write a will, but he never did.

When Vikram passed away suddenly, his three children could not agree on how to divide the assets. The properties got frozen in court. The business had no clear successor and started losing clients. What took Vikram 30 years to build started falling apart in 30 months.

Disputes among heirs are very common when there is no will, as the lack of clear instructions leads to conflicts over rightful shares, often requiring judicial intervention. Incomplete documentation can further delay the process.

What Legacy Planning Actually Helps With

Done right, legacy planning takes care of several things at once:

Smooth transfer of assets:

Your property, money, and investments move to the right person without court battles or delays.

Smarter taxation:

A well-structured plan can help reduce the tax burden on what you pass on, so your family gets more and loses less.

Wealth continuity:

Your wealth does not just transfer. It remains intact and continues to grow for the next generation.

Children's future goals

Whether it is higher education, a home, or starting a business, your plan can set money aside for specific financial goals.

Avoiding family disputes

Clear instructions mean no room for assumptions, resentment, or sibling fights over who gets what.

Legacy Planning vs Estate Planning vs Wealth Planning

People often use these three terms as if they mean the same thing. They do not.

Factor	Wealth Planning	Estate Planning	Legacy Planning
Goal	Create wealth	Transfer assets	Preserve family wealth
Time Horizon	Lifetime	End-of-life	Multi-generational
Includes Will	No	Yes	Yes
Includes Life Insurance	Sometimes	Sometimes	Yes
Includes Family Goals	Limited	Limited	Extensive

Simply said, wealth planning helps you build a house. Estate planning decides who gets the house. Legacy planning makes sure the house stays in good shape for your grandchildren, too.

Who Needs Legacy Planning?

Usually, it's assumed that legacy planning is only for the super-rich. However, it’s an important decision that everyone should take:

The HNI (High Net-worth Individual):

Arjun is a 48-year-old entrepreneur from Mumbai with a net worth of over Rs 30 crore, including properties, a startup stake, mutual funds, and jewellery. Without a structured plan, "fairly" means different things to different people. A proper legacy plan lays it all out clearly: who gets what, when, and how.

The NRI with Assets in India:

Priya lives in California. Her parents left her a flat in Delhi and fixed deposits, but with no will. She arrives in India to find the bank accounts frozen and is told she needs a succession certificate from the court, a process that can take months, if not years. A registered will and updated nominations would have saved her years of stress.

The Retired Couple:

A retired couple with a flat and a few fixed deposits may feel their estate is too small to plan. It is not. Without nominations and a will, even modest assets can get stuck in paperwork and delays.

Parents with a Special Child:

Ramana and Sudha from Bengaluru have a 19-year-old son with autism. Their biggest fear was about their son’s future when they are no longer around. Under the Indian Trusts Act, 1882, parents or legal guardians, as part of legacy planning, can create private trusts to provide for a child with special needs and include specific provisions to ensure the child's long-term financial security.¹

The Business Owner:

A business owner without a succession plan puts everything at risk, including the company, the employees, and the family's income. Legacy planning determines who takes over and how the business continues to operate smoothly.

What Happens If You Don’t Have a Legacy Plan?

The numbers tell a clear story. Nearly 84.8% of Indians have no will, and 62.5% have no plans to make one, according to a 2026 survey. Almost half (46.7%) have never even discussed wills or estate planning with their family².

While the reasons vary, including superstition, discomfort, and procrastination, the consequences are very real:

Assets get frozen

Your cover should be enough to replace the income your family depends on. The higher your earnings, the higher the cover you need.

Family disputes take over

The younger you are, the longer your family depends on your income. Buying term insurance early means higher cover at significantly lower premiums.

Forced asset sales

A spouse, children, or ageing parents who rely on you financially will increase the amount of coverage you need. If you are the sole earning member, your cover needs to be substantially higher.

Tax burden increases

Add up all your outstanding loans — home loan, car loan, and personal loan. Your cover should be enough to clear these, so your family is not left with debt.

Business collapses

Think about your children's education, future milestones, and maintaining your family's current standard of living. These future expenses need to be factored in.

If you already have savings, or other policies, adjust your cover accordingly. Deduct liquid investments — not property or vehicles — from the total cover required.

If your employer provides group life insurance, consider it, but do not rely on it entirely since it ends when you change jobs.

Strikingly, Indians seem to create wills only after disputes arise, not before. Among families with no inheritance conflicts, only 29.7% have made or plan to make a will. That number jumps to over 54% among families that have already experienced disagreements³. Planning happens after the damage, not before.

‘Aapki Punji, Aapka Adhikaar’- a government initiative

The scale of unclaimed wealth in India is staggering. Around Rs 1.82 lakh crore in financial assets is currently lying unclaimed in banks, insurance companies, and other institutions across the country. Most of it was because families did not know what their loved ones owned or how to claim it.

To address this, Finance Minister Nirmala Sitharaman launched a nationwide campaign called 'Aapki Punji, Aapka Adhikar,' meaning 'Your Money, Your Right' in October 2025. Bolstered by digital tools, grassroots outreach, and useful helpdesks, this campaign aims to simplify the process of tracking and claiming assets that have been left unclaimed⁴.

The initiative was coordinated by the Department of Financial Services, Ministry of Finance, in partnership with RBI, SEBI, IRDAI, and the Investor Education and Protection Fund Authority (IEPFA). Citizens can visit the government portal to check whether any unclaimed deposits, dividends, or insurance money exist in their name or in the name of a deceased family member⁵.

This campaign is essentially the government trying to fix what poor planning left behind. A legacy plan does the same before it becomes someone else's problem.

Tax Advantages of Legacy Planning

At high income levels, tax efficiency is not a nice-to-have. It is a wealth multiplier. Most Indians see life insurance as a simple safety net. For an HNI, though, it is one of the most tax-efficient instruments available, a tool that protects wealth, grows it quietly, and passes it on without the tax bite that hits other investments. The higher your wealth, the more this difference compounds. Let's understand how:

Is inherited wealth taxed in India?

Good news, currently India does not have an inheritance tax. When you receive property, money, or investments from a deceased family member, you do not pay tax simply for receiving them. However, if you later sell that inherited asset or earn income from it, rent from a flat, for example, that income becomes taxable. Capital gains tax also applies when you sell inherited property or shares⁶.

Are life insurance death benefits taxable?

No. Under Section 11 of the Income Tax Act 2025, the death benefit paid to a nominee is completely tax-free without any conditions or limits⁷. So if you hold a term insurance policy of ₹10 crore, your family receives the full ₹10 crore without paying a single rupee in tax. This is one of the most powerful tools in legacy planning.

How is Section 123 beneficial?

Section 123 of the Income Tax Act, 2025, allows you to claim a deduction of up to ₹1.5 lakh per year on premiums paid for life insurance policies. This reduces your taxable income while you are alive and protects your family after you are gone, a win on both ends.

How can trusts improve tax efficiency?

A private trust or a Hindu Undivided Family (HUF) structure can legally reduce the family's overall tax burden. An HUF is treated as a separate taxpayer with its own tax slab and exemptions, meaning family income can be split and taxed collectively at a lower rate. A private trust, on the other hand, offers more flexibility, especially for families with complex or diversified assets⁸.

Families with growing wealth are increasingly turning to private trusts not just for tax efficiency, but for stronger protection. Since assets are legally held by trustees, they are better shielded from creditors and disputes. Trusts also allow customised planning for minors, vulnerable family members, and multi-generational wealth transfer⁸.

How Does Life Insurance Support Legacy Planning?

Most people think of life insurance as a tax-saving tool or a backup plan. For a wealthy Indian family, it is far more than that.
Most Indian HNI wealth is not sitting in bank accounts but is locked in real estate, unlisted business equity, gold, and other fixed assets. This works fine until a sudden need arises: a loan getting called in, a medical emergency, or a business opportunity that needs quick capital. A life insurance policy with cash value works as leverage here. Instead of selling an asset under pressure, you can take a quick loan against the policy's cash value without disrupting any investments or selling at a loss. Such loans are usually not treated as taxable income, as long as the policy remains active⁹.
The lesson is simple: net worth and liquidity are not the same thing. Plan accordingly.
Apart from leveraging, life insurance also helps in:

Family Protection

Replaces lost income and clears outstanding liabilities, so your family does not have to sell assets under pressure

Succession Planning

Transfers wealth directly to nominees, bypassing lengthy legal processes

Portfolio Diversification

Offers stable, non-market-linked returns that balance out the risks of equity and real estate

Liquidity Planning

Provides an immediate, guaranteed payout exactly when the family needs it most

Tax Efficiency

Death benefits are fully tax-free, with added benefits under Sections 123 and 11 (read with Schedule II, Sr.No.2)

Key Components of Legacy Planning

Think of legacy planning as a set of building blocks. Each one plays a specific role in making sure your wishes are carried out without confusion or conflict.

Terms	Meaning
Will	A will is not just an emotional document but a governance tool. It names who gets what, in what proportion, and who will be responsible for carrying it out (the executor). Getting your will registered strengthens its legal standing and makes it harder to challenge. A practical starting point: maintain a clear list of all your assets, define ownership, and choose an executor who is both capable and neutral¹⁰.
Trust	A trust transfers your assets to a trustee who manages them on behalf of your beneficiaries. It offers stronger protection against creditors, family disputes, and fragmented inheritance claims. Trusts are especially useful for minors, children with special needs, and multi-generational wealth planning. Unlike a will, a trust can be activated during your lifetime¹¹.
Nominee	A nominee is the first point of contact for your assets (custodian) after you are gone, but a nominee is not always the legal heir. Many families discover this the hard way. Keeping your nominations up to date across bank accounts, insurance policies, mutual funds, and provident funds is one of the simplest yet most overlooked steps in legacy planning. The transfer of assets is smoother when the nominee and the legal heir are the same¹².
Life Insurance	Life insurance not only protects your family's income if you are gone too soon, but also creates an instant, tax-free pool of money exactly when it is needed most. It is particularly valuable for families in which most of the wealth is tied up in illiquid assets such as property or a business.
Emergency Planning	Every legacy plan should include a readily accessible emergency file that lists all assets, account numbers, login credentials, insurance policies, and key contacts. This one step can save your family weeks of confusion during an already difficult time¹³.
Medical Directives	A medical directive documents your healthcare preferences in case you are ever unable to speak for yourself. It includes which treatments you consent to, which you do not, and who makes decisions on your behalf¹⁴. It protects your personal wishes while reducing the emotional burden on your family during a health crisis.
Power of Attorney	A Power of Attorney (PoA) allows a trusted person to act on your behalf for signing documents, managing finances, or handling property matters if you are unavailable or incapacitated¹⁵. For NRIs in particular, a PoA is an essential tool for managing assets in India from abroad.
Business Succession Plan	If you own a business, who takes over when you step back? A business succession plan answers this clearly, naming a successor, outlining the transition process, and ensuring the business continues without disruption. In India, only roughly a fifth of family businesses have a succession plan that identifies and develops a suitable leadership successor, a gap that can put decades of work at risk¹⁶.

Nominee vs Legal Heir — Know the Difference

This single confusion causes more family disputes than almost anything else in legacy planning. A nominee is a custodian, not necessarily the owner.

Factor¹⁷	Nominee¹⁷	Legal Heir¹⁷
Role	The custodian who receives the asset first	Rightful owner under succession law
Legal Ownership	Does not automatically own the asset	Has a legal claim as per the will or succession law
Can Be Challenged?	Yes, by legal heirs if no will exists	Stronger legal standing, especially with a registered will
Best Practice	Keep updated regularly	Should match the nominee to avoid disputes

The safest approach: make sure your nominee and your intended legal heir are the same person, and put it in writing.

Different ways of Legacy Planning?

Legacy planning is beyond passing wealth to your family. Depending on what you have built and what matters most to you, it can take different forms.

Financial Legacy

When you add riders to your basic term insurance policy, you get additional financial protection. For instance, a critical illness rider can help cover expenses if you’re diagnosed with a serious illness during the policy term.

Family Legacy

Every individual has different financial duties and commitments. Riders allow you to align your policy to your requirements and give comprehensive coverage to your family.

Business Legacy

Adding riders is often more cost-effective than buying separate insurance policies for every extra benefit. You get multiple protections combined into one plan without straining your budget.

Legacy Planning for Different Life Stages¹⁹

There’s no perfect age to start planning. The right time is now.

In your 30s (Build the Foundation)

Your 30s are when responsibilities start piling up with marriage, a home loan, young children, and a growing income. This is the suitable time to buy a term insurance plan, write a basic will, and fill in nominee details across all your accounts. Getting these basics in place early costs very little but protects everything you are building.

In your 40s (Strengthen What You Have)

By your 40s, your assets are more complex: maybe a second property, investments, or a business. This is the time to review your will, set up a trust if needed, and think seriously about who handles things if you cannot. Many people in this stage are also supporting aging parents, which makes a Power of Attorney worth considering.

In your 50s (Prepare for the Transition)

Retirement is no longer a general idea. Review all beneficiary nominations, check if your insurance coverage is still adequate, and begin conversations with your family about your wishes. Tax planning becomes more important now that restructuring assets can save your heirs significant money later.

In your 60s (Simplify and Secure)

At this stage, the focus shifts from building to protecting. Ensure all documents are up to date, accessible, and legally sound. Medical directives and healthcare decisions deserve attention now. The goal is a clean, clear plan that leaves no room for confusion, so your family can grieve without the added burden of sorting out your affairs.

How Does Life Insurance Strengthen a Legacy Plan?

Life insurance does more than pay out when someone passes away. Used well, it becomes one of the most reliable tools in an HNI family's entire legacy plan. Here is how:

Provides Immediate Liquidity²⁰

Most families inherit assets that cannot be quickly converted to cash, such as a flat, gold bonds, a piece of land, or shares in a family business. A life insurance payout, on the other hand, reaches beneficiaries fairly quickly and without going through probate. This means your family has money in hand to cover any urgent expenses (hospital bills, daily costs, or outstanding loans) while everything else is still being sorted out.

Protects Family Lifestyle²¹

If something happens to the primary earner, the family's lifestyle should not have to change overnight. Life insurance steps in to replace that lost income, helping cover everyday essentials like school fees, healthcare, and household expenses, so your family can continue living the life you built for them.

Helps Estate Equalisation²²

Not every heir ends up with the same kind of inheritance. For instance, when one child takes over the family business and another does not, an insurance payout can help balance things out so both children receive a fair share of the value, even if the assets themselves differ. This avoids resentment and keeps family relationships intact.

Preserves Family Wealth²³

The death benefit from a life insurance policy is usually completely tax-free, which means your family receives the full amount without losing a portion to taxes. This way, the wealth you built reaches your heirs at full value, instead of getting reduced along the way.

Supports Business Succession²⁴

For business owners, the loss of a key person can shake the entire operation. Life insurance can keep a family business running smoothly through a difficult transition. The payout can be used to buy out other stakeholders or fund working capital, keeping operations steady until the next generation takes charge.

Common Mistakes in Legacy Planning

Even well-meaning families make avoidable errors. Here are the most common ones and their costs.

Not Having a Will at All

Raj, a Delhi-based professional, kept saying he would write his will "next year." He passed away unexpectedly at 54 with no will in place. His family spent the next three years in court sorting out two properties and a mutual fund portfolio. Without a will, assets pass according to intestacy laws, not your wishes, which can be very different from what you intended.

Outdated Nominations

Many people fill in nominee details once and never update them. A woman in Bengaluru discovered her late husband had named his mother as the nominee on his life insurance policy, a detail never updated after their marriage 12 years prior. The family had to fight a legal battle for a payout that should have been straightforward.

No Plan for the Business²⁵

A family-run business in Surat came to a near-standstill after the founder passed away without naming a successor. Partners disagreed, employees panicked, and clients moved on. A simple succession plan would have prevented all of it.

Treating a Nominee as a Legal Heir

This is one of the most misunderstood areas of Indian financial planning. A nominee is only a caretaker of the asset, not necessarily the legal owner. Without a will clarifying the final beneficiary, the asset can still end up in dispute²⁶.

Not Updating the Plan After Life Changes

Marriage, divorce, a new child, a new property, or any other major life event should trigger a review of your legacy plan. If you do not update your plan after changes in your life, there is a risk of obsolete instructions and incorrect beneficiaries.

Keeping the Plan a Secret

Many families discover documents in the wrong drawer, or not at all. If your family does not know where your will, insurance policies, and asset list are kept, even the best plan becomes useless.

How to Create a Legacy Plan in 2026 in India?

Legacy planning for an HNI can sound overwhelming until you break it down into steps. Here is a simple way to start:

List all your assets, including property, bank accounts, investments, business equity, gold, and digital assets like demat accounts and crypto. You cannot protect what you have not listed.
Write a will and get it registered to strengthen its legal standing.
Buy life insurance with adequate life cover, based on your liabilities and your family's future needs, not just a number that feels safe.
Update nominations everywhere, and make sure they match your will, not just your bank's old records.
Set up a trust if you have minors, complex assets, or a special-needs dependent to provide for.
Plan your business succession if you own one. Decide who takes over, document the transition, and communicate it to partners and key employees early. A business without a named successor often loses clients and value within months of an unexpected exit.
Secure your digital legacy. Demat accounts and mutual funds can sit invisible to your family if nominee details are missing. Crypto is now legally recognised as inheritable property in India, but without the private key, the money is lost forever. So, list digital assets in your will and store passwords separately and securely. Most social platforms also offer a legacy contact feature worth setting up.
If giving back matters to you, structure it. A one-time donation ends with the transaction. Naming a charitable trust as a policy beneficiary, or setting up your own trust, builds a legacy of giving that lasts well beyond a single cheque.
Talk to your family about where your documents are and what your wishes are.

Review your plan every few years, especially after marriage, a new child, a new property, or any major life change.

Key Highlights

Legacy planning means deciding who gets your property, investments, business, and even your values when you are no longer around.
Everyone from a retired couple to an NRI with assets in India, a business owner, or parents of a child with special needs should have a legacy plan.
Legacy planning goes beyond writing a will; it covers wealth transfer, family protection, tax efficiency, and business continuity.
Without a plan, families face frozen assets, legal disputes, forced property sales, and emotional distress.
Life insurance is not just a safety net, but a core pillar of structured, tax-efficient legacy planning
A trust, power of attorney, and business succession plan are as important as a will in today's complex asset landscape.
Legacy planning can be started in your 30s, and every major life event is a reason to revisit your plan.

Conclusion

Legacy planning is not a one-time task, but an ongoing commitment to the people you love. Whether you are just starting out or already retired, the best time to plan is always now. A will, the suitable insurance, updated nominations, and honest family conversations can make all the difference. Your wealth took a lifetime to build. Make sure it does not take a court case to pass on.

FAQs

What is legacy planning and why does it matter?

Legacy planning is deciding, while you are alive, who gets your assets, how, and when. It prevents family disputes and legal delays and ensures your wealth reaches the right hands.

Is legacy planning only for high-net-worth individuals?

While the HNIs are expected to have a legacy plan, it is also important for others. Whether you own a flat, a few fixed deposits, or a business, a legacy plan protects your family from unnecessary legal hassle and emotional stress after you are gone.

Is a will enough, or do I need more?

A will is a good start, but not enough on its own. Updated nominations in banks and across all investments, a trust, life insurance, and a power of attorney together make a complete, airtight legacy plan.

How does life insurance fit into legacy planning?

Life insurance provides an immediate, tax-free payout to your family when they need it most, covering liabilities, replacing lost income, and ensuring wealth transfers without having to sell assets under pressure.

When should I start legacy planning?

Today. Whether you are in your 30s or 60s, there is always something to put in place. Every major life event, from marriage to a new child to a property purchase, is a reason to start or revisit your plan.

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Source links-

¹https://www.outlookmoney.com/personal-finance/special-needs-trusts-in-india-what-parents-need-to-know

²https://www.business-standard.com/finance/personal-finance/india-s-biggest-wealth-planning-problem-nearly-85-dont-have-a-will-126060300578_1.html

³https://www.business-standard.com/finance/personal-finance/india-s-biggest-wealth-planning-problem-nearly-85-dont-have-a-will-126060300578_1.html

⁴https://newsonair.gov.in/union-finance-minister-nirmala-sitharaman-launches-the-nationwide-aapki-punji-aapka-adhikarcampaign-in-gujarat/

⁵https://aninews.in/news/business/nirmala-sitharaman-launches-aapki-punji-aapka-adhikar-nationwide-campaign-on-unclaimed-financial-assets20251004160744/

⁶https://cleartax.in/s/inheritance-tax

⁷https://www.incometaxindia.gov.in/utility-to-check-provisions-of-income-tax-act-1961-vis-a-vis-income-tax-act-2025#main-content

⁸https://www.businesstoday.in/personal-finance/tax/story/private-trust-vs-huf-which-structure-works-best-for-managing-and-preserving-family-wealth-507543-2025-12-20

⁹https://www.investopedia.com/ask/answers/111714/what-are-tax-implications-life-insurance-policy-loan.asp

¹⁰https://www.freepressjournal.in/business/a-will-the-missing-pillar-of-wealth-management-that-protects-your-legacy-from-delay-dispute-disorder

¹¹https://www.businesstoday.in/personal-finance/tax/story/private-trust-vs-huf-which-structure-works-best-for-managing-and-preserving-family-wealth-507543-2025-12-20

¹²https://economictimes.indiatimes.com/wealth/plan/nominee-vs-legal-heir-know-who-really-inherits-your-money/articleshow/125011421.cms

¹³https://www.financialexpress.com/life/lifestyle/live-to-100/legacy-loss-and-the-need-to-prepare-without-fear/4141839/

¹⁴https://www.financialexpress.com/life/lifestyle/live-to-100/legacy-loss-and-the-need-to-prepare-without-fear/4141839/

¹⁵https://cleartax.in/s/power-of-attorney-sample-download

¹⁶https://sponsored.bloomberg.com/article/dbs/succession-and-legacy-planning-the-indian-diaspora-family-offices-bridging-generations

¹⁷https://economictimes.indiatimes.com/wealth/legal/will/nominee-vs-legal-heir-who-actually-gets-your-money-when-you-die/why-we-appoint-a-nominee/slideshow/125271153.cms

¹⁸https://www.moneycontrol.com/news/business/personal-finance/why-legacy-planning-in-indian-businesses-is-moving-beyond-inheritance-13752534.html

¹⁹https://ldstrategies.com/estate-planning-for-different-ages-and-stages-of-life/

²⁰https://www.aninews.in/news/business/life-insurance-policies-a-strategic-tool-for-wealth-management-and-succession-planning20250204131701/

²¹https://www.news18.com/business/beyond-wealth-how-life-insurance-strengthens-legacy-planning-ws-l-9426962.html

²²https://www.aninews.in/news/business/life-insurance-policies-a-strategic-tool-for-wealth-management-and-succession-planning20250204131701/

²³https://www.news18.com/business/beyond-wealth-how-life-insurance-strengthens-legacy-planning-ws-l-9426962.html

²⁴https://www.aninews.in/news/business/life-insurance-policies-a-strategic-tool-for-wealth-management-and-succession-planning20250204131701/

²⁵https://www.moneycontrol.com/news/business/personal-finance/why-legacy-planning-in-indian-businesses-is-moving-beyond-inheritance-13752534.html

²⁶https://economictimes.indiatimes.com/wealth/plan/nominee-vs-legal-heir-know-who-really-inherits-your-money/articleshow/125011421.cms

Disclaimers:

Bajaj Life Insurance Limited (Formerly known as Bajaj Allianz Life Insurance Company Limited)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS - IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Reg. No.: 116, CIN : U66010PN2001PLC015959, Call us on Customer Care Number: 020-6712 1212, Mail us : customercare@bajajlife.com. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limited to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policy holder.

BLIC-WP-EC-22940/26

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune - 411006, Maharashtra

Email: customercare@bajajlife.com | Customer Care No.: 020 6712 1212

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Life Insurance Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up