Investing your savings rightly
The investment insurance policy offers the double advantage of returns and life coverage. ... That is if anything unfortunate takes place to the policyholder's family will get the amount for which they were assured additionally to the fund amount either in a one go or in the form of monthly/quarterly/half-yearly payments to take care of the family's requirements and financial assistance in the absence/demise of the breadwinner of the family.
A goal-oriented investment insurance plan is an excellent mode for preserving finances for ... a particular goal that could be purchasing a car or a house, paying children's education expenses, or planning for marriage or retirement. The Unit Linked Insurance Policies or ULIPs present alternative options to invest, and also the investors can take a glance at their historical profit to evaluate its returns and create a financial compilation in a few years.
Investment insurance plans such as ULIPs (Unit Linked Insurance Policies), PPF (Public Provident Fund), ... ELSS (Equity Linked Saving Scheme), Sukanya Samriddhi Yojana, and many more not just present a chance to earn funds in the long period but also provides considerable tax-saving advantages U/S80C and 10(10D) of the Income Tax Act.
Today, investors have the flexibility to select the investment choice based on its financial objectives, term,... and risk appetite as there are large-scale investment policy plans available in the market.
To customize your Term Plans, use our online calculator and create your premium selection.
Fill in your required details and answer the health-related questions.
To complete your purchase, pay from the broad set of options provided and upload the necessary documents mandated to issue the policy.
The better the ratio, the higher are the chances of getting your insurance claim settled conveniently....In fact, we cover maximum insurers with a high claim settlement ratio, to make your Insurance choice better and worry-free.
Did not like the terms of the policy? What now? Well, do you want to opt for another Policy?...No worries, our all policies come with a 15 days Free Look period, and that lets you compare the policy even after the purchase and return if you don’t like it.
We assure that every client is offered proper help for the claim processing. During this process, ... our dedicated team members & Relationship Managers give in their best to ensure you with the correct guidance at the right time.
Gather Your Receipts: To raise a claim, firstly, you must obtain a thorough invoice from your doctor or medical source.
Fill out an application form: This form is a document that declares and provides your insurance organization with more details regarding the illness or accident.
Keep a copy handy: It's a good idea to make copies as a preventive measure. Before submitting the claim to your insurance company, do organize your whole claim properly.
Review & Call: As you have all your documents filled out, send them to your insurance company and make sure to contact them on a call too.
An individual who is beginning to invest can start with mutual funds that initially have low investment, enlist in the retirement policy of the employer, invest in bonds or fixed revenue plans, and invest in the real estate market. Well, prior to this, before investing in these plans, it is recommended to understand and evaluate them.
A person can receive higher returns on investment if invested in Direct Equity Funds that offer little or mid-cap policy plans, Initial Public Offering (IPO), Equity Linked Savings Scheme (ELSS), and Peer-to-peer Real Estate markets.
You can invest your money at low risk in Bank Savings Account, Money Market Funds, Reward Checking Accounts, Corporate Bonds, Public Provident Fund (PPF), National Pension Scheme, Fixed Deposits in Bank, Senior Citizen Savings Scheme, Real Estate, Gold.
Buying gold is not regarded as a very secure investment choice. Nevertheless, as gold is considered a store of capital, one cannot overlook the fact that gold holds to be one of the recommended investment options.
As the person doesn't have much responsibility in the 20s, so he/she can begin investing in a great part of the salary without much impact. Following are some of the tips for the same: initiate creating emergency funds, invest in employer’s retirement plan, understand the primary objectives of the investment, take the retirement plan, seek help from a financial advisor, maintain short tenure savings plans that are smoothly available.
A person should at least have savings equal to his/her annual earnings, by the age of 30 years.