Claim Settlement Ratio of 99.23%~
Investment plans also act as tax-planning tools, as many avenues help reduce tax liability. There are different types of investment plans, and by choosing the right one, you can invest according to your needs and grow your savings.Read Less
Terms & Conditions, Privacy Policy
Tailored Life Insurance Solutions for your long-term Life Goals.
Your concern is understandable as it is your hard-earned money and you do want to get the maximum returns from the investment. It is a tough decision which will have a long-term impact on your finances.
Here are some simple, straightforward but extremely relevant tips to help you escape the noise and to zero in on the perfect investment.
A key to the best investment results is to be extremely clear about the goal. Investment based upon life goal means that you have a time frame and the amount needed in mind. Once you have decided on the life goal, it is time to zero in on the type of investment which will enable you to realize the life goal. The type of investment vehicle can be decided based on your age, liabilities, income and your life goal.
The sooner you start, the better it is as it allows you to take advantage of the 'Power of Compounding.' Benjamin Franklin once said, "Money can beget money and its offspring can beget more." Power of Compounding is a powerful concept enabling the investor to earn interest on the initial capital.
It is advisable to start with a small amount, but it is vital to maintain consistency and to invest at regular intervals. Avoid the temptation to time the market or investing large sums in a single go. Doing so, you will be deprived of the benefit from the concept of Rupee Cost Averaging, whereby investing on a regular basis allows you to even out the highs and lows of the market. Thus the trick is to set a time frame and stick to it to get the best returns out of your online investment.
For most of us, one of the critical reasons for investing is saving on tax. As an investor, you should go for investment options that not only help you save tax but also generate tax-free income. If the income earned is taxable, you limit the scope of making money over the long run as taxes bring down your returns. For instance, Unit Linked Insurance Plans (ULIPs) have emerged as the only equity-linked investment plan which continues to be tax-free after the introduction of Long Term Capital Gain tax in the Union Budget 2018.
Being a first-time investor, it is advisable to check the past fund performance records of the companies you would like to invest in. Invest in companies whose funds have displayed a solid and consistent performance in the past. A reliable investment partner will not only ensure the best possible return on investment for you, but you will also feel a peace of mind, which is priceless.
A fundamental rule of investment is to never put all your eggs in one basket. Which means one should not stick to one asset class but diversify across a portfolio of asset classes to get the best results. Even if returns from one investment do not meet your expectations, profits from other areas will help you compensate for your losses.
In the end, prudent and judicious investment is the only way to grow your corpus and to meet your life goals. Invest consistently and in keeping with your goals to get the maximum returns. Various investment instruments, including ULIPs, allow you to do just that. Follow these tips, choose your investment partner carefully and invest to achieve and enjoy your life goals.
#Survey conducted by brand equity – Nielsen in March 2020
~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.
**Past performance is not indicative of future performance.
The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.
In this policy, the investment risk in investment portfolio is borne by the policyholder. Investment in ULIPs is subject to risks associated with the capital markets. The policy holder is solely responsible for his/her decisions while investing in ULIPs. The views stated in this article is not to be construed as investment advice and readers are suggested to seek independent financial advice before making any investment decisions. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajallianzlife.com) carefully before concluding a sale.
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.
This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.
1©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up
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