From starting something new to philanthropy, unconventional life goals Indians really want to pursue
The youngsters today are thinking differently, shows first of its kind survey on life goals of Indians by Bajaj Allianz.
Indians' perception of life goals is changing fast. It's no more just about getting a secure job, preferably with the government, building own house, fulfilling family commitments etc. The youngsters today are thinking differently, shows first of its kind survey on life goals of Indians by Bajaj Allianz. The report of ' Bajaj Allianz Life India’s Life Goals Preparedness Survey 2019' was released today in New Delhi. The report highlights the emergence of unconventional life goals like entrepreneurship, focus on health and fitness, travel, and giving back to society.
The top goals, according to the survey are:
- Starting something new: A rising life goal of Indians is being an entrepreneur, where 1 in every 10 Indian wants to start something new or pursue a parallel career. This clearly highlights that new-age Indians are no longer playing it safe and are willing to put in an effort and take the risks.
- Retirement-related life goals are becoming a priority, especially amongst Indian millennials. As per the survey, two in five Indians have retirement-related life goals; more so in metros, where every 1 in 2 people has a retirement-related life goal. Amongst Indian millennials, retirement-related life goals feature in the top 5 life goals, and 42% millennials consider it as their life goal. Over one in four millennials in metros aspire to retire rich by growing their wealth
- Health and fitness: One in three respondents cited a focus on health and fitness as a life goal. Being physically and mentally fit was amongst the top 10 life goals of Indians
- Travel is catching-up as a part of the mainstream culture. One in four respondents wants to travel abroad or travel to new exotic locations. One in two respondents seeks a balanced life, which straddles work-life balance, reliving a passion and leading a peaceful life.
- Philanthropy is a new-age life goal that emerged as well, clearly showcasing that Indians are keen on creating social impact. One in five respondents said one of their life goals is the need to give back to society. Philanthropic avenues included providing employment opportunities, support another’s dream or imparting knowledge through teaching.
Commenting on the survey, Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “The insights from the first of its kind survey clearly indicate how life goals are evolving, and millennials are opting for unconventional life goals. Furthermore, it’s interesting to note, women driving some of these new-age life goals like travel, health and fitness.”