Investment Plan Insurance

An investment plan is the process of creating or purchasing assets in order to grow your money over time. Investments, in addition to having the ability to solve future financial issues, can aid in the creation of exponential financial backing if made at the correct time and in the proper asset.

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  • mediacl-icon Get attractive returns
  • discount-icon Build huge future corpus
  • covid-icon Protect your savings against inflation.
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Dual tax benefits
U/S 80C, 10(10D)
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Life cover Till Age
100 Years
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20 Lakh+
Happy Customers

Any investment insurance plan fulfills two basic requirements i.e. investment as well as insurance.

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Objectives of Investment Plans

When it comes to investing, everyone wants to be safe, and one of the most important goals is to be safe. There are some investment plans, such as ULIPs, that provide a guaranteed return.
Income: The safest investment strategies are those with a lower yield or rate of return on investment. In order to obtain better returns, investors must take risks and forfeit a certain level of safety. As the profit grows, so does the risk.
Tax minimizing: As part of their investment strategy, investors may pursue particular investments in order to leverage tax minimization. Another important investment goal for an investor is to save money on taxes. Sections 80C and 10(10D) of the Income Tax Act of 1961 provide tax incentives to investors.

Why should You Invest?

Whether you are self-employed or employed, it is critical to remember that with rising inflation, it is nearly impossible to reach your financial goals just through savings. It is critical to invest in order to double your money and build wealth.
Despite the fact that investment plans have the risk of losing money, the potential for profit is significantly greater. As a result, investing in the correct investment plan is critical for building a strong financial portfolio and securing the financial future of your loved ones.

Factors to Consider While Choosing Investment Plans

Financial Objectives The first thing to consider when deciding on an investment strategy is your financial objectives, both long and short term. These goals might range from marriage and school to international travel and new smartphones, and keeping track of them can help you make the best financial decisions possible. For example, if you wish to save money for a trip to your favourite overseas destination, a recurring deposit or a post office deposit may be the finest investment option.

Expenses in the PresentIn order to find the finest investment programme, you must first evaluate your current expenses. If you don't have any large expenses, such as a mortgage, you can save or invest more for the future. If you have financial obligations that prevent you from saving much, however, investing in a high-return investment plan will be more helpful.

Dependents on MoneyMost people in India do not consider their financial dependence when purchasing an investment plan. However, you must do so because you must have an investment or savings pool large enough to meet the financial needs of your dependents. For example, if you just have two children who are financially dependent on you, you may not need to invest as much as someone who needs to care for their parents, siblings, and children.

FAQ

What affects my funds' growth percentage in an investment insurance plan?

Because the funds in a ULIP are tied to the stock market, their performance is directly influenced by the stock market. As a result, the performance of each ULIP is determined by the market.

What are the benefits of Investment Insurance Plan?

The following are the benefits of the policy: -

You get a secured source to invest your funds

You get to choose the number of years you want to invest for

You are able to make goal-based investments

You get maturity benefits on surviving the term of the policy

In case of the death, the nominee receives the death benefit and hence the family is financially protected during the most unfortunate times.

The premium paid for investment insurance plan is eligible for tax deduction U/S 80C and 10(D) of Income Tax Act.

You are able to get a secured loan against the corpus built by you through investment or the surrender value of the policy at that point of time

You need not put your funds at two different places. Single source fulfils your investment as well as insurance needs

The amount paid as premium as well as yield on the investment made can serve to fulfil the retirement needs of the policy holder

In case, the policy holder does not want to continue with the plan, he can opt to surrender and receive the surrender benefits, however it can be done after a specific period or as defined by the insurance company of your investment plan

Are investment insurance plans safe?

Investment Insurance plans are safer because they guarantee returns even if you live longer than the policy term. Your nominee would get the sum promised if you died tragically before the conclusion of your insurance term.

Are there any tax advantages on Investment Insurance plan?

There are a variety of tax-advantaged investment and insurance plans, such as ULIPs, where tax assets can claim benefits for the amount invested. An individual is entitled to a deduction under sections 80 C and 80 D of the Indian Income-tax Act for investments made or premium payments made under an insurance plan.

What are the most effective online savings plans?

Investment and insurance plans are personalised investment routes for an individual with the goal of creating a disciplined and periodic investment in various funds in order to reach their long-term financial goals, as well as some insurance coverage.

Here are a few of the best investment insurance policies on the market in India:

Unit Linked Investment Plans (ULIP)

Guaranteed Return Plan

Money Back Plan

Monthly Income Plan

Participating Endowment Plan

What forms of funds are included in the investment insurance policy?

In an investment strategy, there are two types of funds: equity and debt. An equity fund offers large rewards but also comes with a high level of risk. A debt fund is more steady, less risky, and provides moderate but predictable returns.

What is the most profitable investment?

Equities and large-cap mutual funds are two investing options in India that have the potential for high returns. However, before participating in these investment plans, you should talk with your financial advisor and request their assistance in investing and managing your investment portfolio.

How can I pay the premium?

Paying premiums for an investment plan is as simple as it gets these days, as all you have to do is come to our website and pay the premium online. If you want to pay the premium in cash or by check, you can do it at our office.