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Sanjaya Prepares for Retirement

5/27/2008 6:10 PM PDT BY TMZ STAFF

Hold on to your scrunchie! Despite being on his 16th minute of fame, pony-hawked "Idol" wannabeen Sanjaya Malakar is going Nationwide.

Instead of performing at the opening of an outlet mall or local balloon festival like his fellow "Idol" losers, Sanji followed in the bankrupt footsteps of MC Hammer and Kevin Federline and filmed the latest ad for Nationwide insurance in India today.

The theme of the commercial is about planning for your retirement -- something that happened to Sanjaya the minute he was voted off "A.I."

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