Two economic dimensions viz., saving and investment have greater importance in the socioeconomic development of a country. Planned saving is essential to fulfill future needs and face uncertainties. The Insurance plans particularly life insurance plans are based on the need to cover future risk. The household savings invested in various investment plans results in capital formation. The capital formation is essential to increase production and employment opportunities. Per capita income determines propensity to save India's per capital Income has increased from Rs. 63,460 in the year 2011-12 to Rs. 93,231 in the year 2015-16 and expected to cross Rs. 1,00,000 in the financial year 2016-17.In the present paper an attempt has been made to analyse the factors affecting saving behaviour of households in Jaipur city.