Bajaj Allianz Life Insurance released its India’s Life Goals Preparedness Survey 2023. The study highlights over 40 life goals and how Indians are planning to achieve them.
The survey reveals that financial security for family is the top priority, with 71% of Indians ranking it above other goals.
New goals are also emerging, including career growth, international travel, and caring for ageing parents. The average number of life goals has increased from 5 in 2019 to 11 in 2023.
Social impact is also gaining importance. Many people now focus on creating jobs, supporting others, and sharing knowledge.
Social media has become one of the top influencers of life goals in India. Its impact on health, travel, and lifestyle decisions has grown significantly.
However, family and friends continue to remain trusted sources of advice.
The Life Goals Preparedness Index stands at 47, indicating moderate readiness.
Life insurance is the most preferred investment option for achieving life goals.
Post-pandemic, Indians are focusing more on financial security, health, and balanced living. While aspirations are increasing, financial planning remains a key gap.
Better awareness and structured investments can help individuals achieve their life goals.
