All About Investment Planning

Things To Know About Endowment Policies

Life insurance policies are designed to cover the financial risks that arise in the case of a premature demise. However, there are other aspects of life insurance policies that help in the fulfilment of financial goals. Life insurance plans come in different variants, and if you choose savings-oriented policies, you will be able to create a corpus as well as enjoy life insurance protection.

Financial Management Tips for Single Parents

Being a single parent can be overwhelming, considering how you may be required to fulfil the roles and responsibilities of both parents, emotionally and financially. And while you are multi-tasking between work and personal life, you may have to ensure your finances are in place. Some of the essential tasks would be to plan and take care of the grocery, utility bills, rent, shopping, and expenses related to your child.

Financial Planning - Financial Planning - How To Go About Planning Your Finances?

The quote, ‘failing to plan is planning to fail’ may apply to money matters. Financial planning may be like creating a roadmap for your economic well-being. It may allow you to allocate your money in a manner that enables you to achieve your life goals. And ultimately, life goals may be anything you want immediately or in the long haul. Having a financial plan may allow you to achieve your goals while living a quality life.

Investment Tips to Stay Financially Fit for Long Term

When it comes to money, having ups and downs in dealing with it may be something you should expect. However, it may be the bigger picture that truly matters. When you start your investment journey you want to think about the long haul and then plan accordingly. Long-term investments may ensure that you have sufficient funds to achieve your long-term goals. And when it comes to earning for the long term, helpful tips and expert advice may go a long way in helping you achieve it.

What Is The FIRE Method?

When it comes to retirement, what is the age that usually comes to mind? 60, 65 or 70? What about 40 or even earlier than that? Surprised, don't be! A new movement is slowly gaining traction and it is called the FIRE movement.

Investment Plans For A Girl Child

The American poet, E.E. Cummings, wrote about his daughter - ‘You are my sun, my moon, and all of my stars’. While he expresses his love and adoration for his daughter, he is not alone. Daughters hold a special place in parents’ hearts and every parent may want to ensure they save up for their child, to give them wings to fly.

Endowment Plan Tax Benefits

For many, life insurance may be a long-term commitment. Therefore, choosing the right insurance plan may be one of the important decisions. For anyone thinking of buying life insurance, the primary motivation, might be the financial protection of their loved ones in their absence. To do so, one can choose from various types of life insurance. However, if you want more than the death benefit, it may help to narrow down the types of plans you can choose from. Endowment plans are one such popular dual benefit policies that offer you a life cover as well as a long-term savings opportunity

Difference Between Active and Passive Investment

There are various ways of investing in the market and gaining returns as per market performance. Opting for a Unit-Linked Insurance Plan or a ULIP may be one such effective way to invest in the market and gain financial security alongside. Whether you may be investing via the conventional route of a retail investment plan or through a market-linked insurance plan, such as a ULIP, an essential aspect to consider may be whether you want to park your money in active funds or passive funds.

Endowment Plan Premiums: What Are They?

When the aim is protecting your family financially in case any unforeseen, adverse situations such as death occurs, life insurance plans may be one of the preferred ways. However, with a plethora of life insurance plans available, it can be a little difficult to pick up from the available options. The endowment plans make a suitable option (for those who also look for returns in addition to life cover) to achieve various life goals as they bring with them the fused benefits of savings and life cover. Read on to learn about endowment plan premiums and more.

3 Investment Lessons To Remember From The 2008 Financial Crisis

Money and finances may be a concern for some people. For someone who earns or spends money, or does both, it is important to remember what investment lessons and finance-handling tips time has taught us collectively. One such event that may have left quite a mark on the consciousness of anyone who deals with money, is the 2008 Financial Crisis1.

How to Start Investing?

When it comes to growing your money and working towards financial wellness, investment is probably an important tool. Through investments you can buy an asset that would grow in value, be it in the form of fixed deposits, gold, mutual funds, postal schemes, tax-saving investment options, or real estate. All of these, need to be carefully planned and properly balanced, so as to reap maximum benefits. If you or someone you know has recently become financially independent and are wondering how to invest for beginners, there are some simple ways and tips that can help in making an investment plan.

How To Diversify Your Portfolio?

Why do you think experts recommend a balanced meal? It is because a balanced meal contains all the important nutrients that your body needs and that too in the right quantity. The health of your body is not dependent on only one type of nutrient. It needs different nutrients for their specific benefits and so, you should include protein, fibre, minerals, vitamins, fats, carbohydrates, etc. in your diet.

Know How to Strike Balance between Spending and Savings

Achieving financial freedom needs you to manage money effectively and efficiently and implement your financial plan. Money management skills cannot be learned overnight. Effective money management is a practice that helps you attain financial stability at any point in your life.

Is the Surrender Value of Endowment Life Insurance Plans Taxable?

Indians prefer to have peace of mind knowing that they have financial protection when a health related emergency occurs, or in the event of certain unfortunate circumstances.

5 Financial Mistakes to Forgo This Dussehra

Managing your finances and doing it correctly takes a lot of practice and knowhow. During your financial journey, you might make mistakes, knowingly or unknowingly.

What Happens When An Endowment Policy Matures?

If you’re looking for a plan that combines the benefits of an insurance cover with a savings component, then you should definitely look into endowment policies. While the lump sum payment from such plans helps secure your financial future, the life cover aspect helps create a protective bubble for your loved ones.

What Is The Eligibility Criterion For Taking A Loan Against An Endowment Policy?

An endowment plan is a life insurance plan that is in the form of a contract which is designed to pay out a lump sum when the term of the policy reaches maturity. This also includes survival benefit, and the pay-out is given to the policyholder. Furthermore, the endowment policy gives certain beneficiaries, mentioned in the policy, a death benefit payout on the unforeseen demise of the holder of the policy. Endowment plans are for individuals who require risk-free financial products. These are also famous for providing individuals with many benefits.

Should You Buy Endowment Plans Online or Offline?

These days, most purchases are done online, as the ease and convenience of these is evident. From buying groceries to paying utility bills and other transactions, the online mode is the way to go. In the same way, financial products like instruments for investment and insurance are also compared and bought online. One of the products of life insurance today that you can buy online is an endowment policy. However, there are some folks that still adhere to the traditional route and wish to avail such products offline. So, if you are opting for any plan, which mode should you go for?

How Can Endowment Plans Help Women Achieve Their Goals?

With expanding opportunities for women across sectors, their participation in the workforce has steadily risen over the last few decades. The modern Indian working woman is independent, empowered and driven. She has her life goals clearly chartered and works relentlessly to achieve them.

What Riders Are Suitable with An Endowment Policy?

Endowment plans are one of the popular ways to create wealth in current times. This is because an endowment policy offers those who opt for it a mix of saving money and obtaining insurance in a single plan. These are the two main kinds of financial security that several people seek, and endowment plans may help them fulfil these requirements. An endowment plan operates by providing the insured with life insurance coverage as well as a means to invest funds. Under such plans, a nominee named in the policy receives a death benefit in the event of the unforeseen demise of the policyholder during the policy’s term. In case the insured survives the tenure of the policy, a benefit is given to the policyholder upon the maturity of the policy, provided all due premiums are paid.

Five Benefits of Purchasing an Endowment Policy

Whether you wish to secure the financial future of your dependents, ensure your own financial stability, or save to meet your future life goals, a Traditional endowment plan is a suitable investment-cum-insurance option available in the market. While the savings and investment aspect of such plans help you build a corpus for the future, their death benefit makes them suitable insurance option. While you can opt for these long-term savings plans at a later age also, buying them at an early age will help you build a sizable corpus for the future. Let’s have a look at some of the benefits of a Traditional endowment policy:

Who Needs a Traditional Endowment Plan?

When browsing through life insurance plans, you must have often wondered if there’s any insurance product that combines the benefits of an insurance policy with savings opportunities. Well, Traditional endowment plans do just that. Traditional Endowment policies are insurance-cum-investment plans that offer you a life cover as well as an opportunity to save for the future.

What are the Types of Endowment Plans?

You will need a sizable corpus of funds to secure the financial well-being of your family members or achieve long-term life goals like buying your dream home or sending your children to the best international universities. Endowment plans are popular dual benefit policies that offer you a life cover as well as a long-term savings opportunity. They help you develop a savings habit to build a fund reserve for the future and ensure a death benefit payout for your dependents if anything untoward happens to you during the policy tenure.

What makes Endowment Plans the Preferred Savings Tool?

In every aspect of life, today, individuals are faced with uncertainty, and this is mainly related to finances. The crux of the matter always has to do with financial security, as you require money to meet any emergency. Whether you are coping with growing inflation rates, high costs of living, job cuts, or medical emergencies, financial security should be your priority. If you have a family, you must show responsibility for your family’s financial protection so that you and your loved ones remain secured from the unpredictability’s of life. An endowment plan could be one of the solution to your financial problems.

Why You May Consider Choosing an Endowment Plan for Your Retirement planning?

Like any milestone in life, retirements are also best planned for with care. Knowing that this period is one where you want to kick back and enjoy the fruits of your effort makes financial planning more important. One of the preferred ways to make your retirement planning smooth is an endowment plan. This type of retirement plan makes for a suitable addition to your portfolio because it can help you live life to the fullest at a time when you know you do not want finances holding you back.

How Can You Secure Your Child’s Financial Future As An NRI?

Financial planning as a non-resident Indian is tricky to navigate as NRIs are subject to different taxation norms and must invest accordingly. When you add the fact that the future of your children is at stake, it can almost feel intimidating. Whether it be better income, more opportunities for your career, or just your preference that led you to move abroad as an NRI, you might still decide to return to India post-retirement. However, it is likely that your children might not make this decision for themselves. So, if you’re looking to secure your children’s financial future as an NRI, here’s the blueprint that may be considered for your financial plan.

Insurance cum Investment Plans that could help you achieve your life goals

Savings and investing are critical actions that may assist you in achieving financial independence. Saving money takes a lot of discipline, but those who do it on a regular basis are rewarded in the long term. In this post, we will learn about insurance cum investment plans, which will make your life easier and more enjoyable. Financial experts love to tout that investments are the building block, having potential of creating market-linked wealth. If you want to generate more money, you may invest your money.

3 Goals Where Endowment Policy Fits Well

In India, you may find multiple types of life insurance policies, each satisfying a different set of needs and requirements. One of the popular types of life insurance plan is an endowment policy.

A Quick and Easy Method to Get an Affordable Investment Plan in India

Saving money from your paycheck may not be enough to cover important needs such as wedding costs, child's higher education or retirement preparation. Investing money correctly, on the other hand, is critical to building long-term wealth. It's never too late to begin investing in order to achieve your long-term financial goals.

Planning to Buy an Endowment Plan? Here’s What You Should Consider

Life insurance plans are essential financial products that you must have in your investment portfolio. Fundamentally, they offer a life cover. This means that in case of your unfortunate, untimely demise, your dependents and loved ones will not be left financially unprotected. The life cover includes death benefits, which the insurance provider will pay out to your nominee.

Top 6 Ways on How to Achieve Financial Freedom

If there’s one thing that almost all individuals want to achieve in their life, it is financial freedom. However, despite this, it continues to remain one of the most underrated goals in life. If you’re an individual who wants to know just how to achieve financial freedom, this article can help give you some clarity.

What is the Difference between a Saving and Investment Plan?

The practise of putting money away for a specific purpose is known as saving. When you spend all of your money, you will have nothing to fall back on in times of need. Sure, you want to enjoy yourself, but fending for yourself every day is not something you want to do for the rest of your life.

How to Save for your Life Goals?

If you’ve always wanted to save more but have been unable to do so for various reasons, chances are that you’ve been approaching it in a less than ideal manner. Here are some tips that you can include in your day-to-day life that can completely transform your finances for the better. But before we take a look at the tips, let’s quickly take a look at why saving is important.

5 Tips to Choose an Insurance cum Savings Plan

Many individuals view life insurance plans only as a form of financial protection for their family. While that is true, a life insurance plan can offer more than just protection. Intriguing, isn’t it? Continue reading to find out how to invest money through a savings plan.

Tax Saving Options For Salaried Employees

If you are just joining the workforce, tax planning is essential when it comes to reducing your tax liability. For salaried individuals, knowing how to invest money in one’s twenties and thirties can be the difference between financial prosperity and hardship in one’s retirement age. There are a slew of tax saving investments in the market currently. For salaried people, knowing where to put their money can help reduce their tax liability by the end of the financial year. Here are a few tax saving investments to consider putting your money in.

How To Manage Your Personal Finances During COVID-19

As the pandemic of COVID-19 spreads across the world, it causes an inevitable impact on various facets of our lives. The nature of the pandemic can make people concerned about their physical health. Meanwhile, as market conditions are affected, it is natural to feel somewhat restless about your financial health as well.

How To Invest Money During The COVID-19 Pandemic

No matter their financial goals or background, every investor is advised to incorporate at least a few long-term investments in their portfolio. With the power of compounding, these long-term investment plans in India have been relied upon to help save taxes and yield favourable returns over time. However, with the current pandemic making a substantial impact on the market, there is widespread panic among investors of all kinds.

Monthly Investment Plans

Volatility in the financial markets during the past few months has unnerved scores of investors. Global benchmark indices plunged in the bear market territory in record time. Making sense of the market could not be tougher and as far as finding an entry and exit point is concerned, it has proved to be an uphill task even for veteran investors.

5 Investment Tips For Working Women

The participation of women in the workforce has risen substantially in the last few decades. Men are no more the only breadwinners in the family. From finance to management, to sales, women have excelled in all types of jobs. However, just having a stable source of income is no guarantee of a stable financial future. Investing surplus money into a mix portfolio is as important as earning well so that you can achieve your Life Goals.

Don’t Let COVID-19 Derail Your Long-Term Investment Plans

With increasing financial awareness in the country, financial products have gained wider acceptability. There are various types of investment. Some investments are made with a short-term objective with the maximum investment tenure of five years. Short-term investments are relatively liquid and can be easily converted into cash. However, short-term investments may not generate returns sufficient to achieve life goals, which requires substantial capital accumulation. Wealth can be accumulated only by staying invested for the long term.

Investment Plans In India For FY 20-21

You earn and spend your income month after month, but the secret to securing your future and ensuring that you meet your life goals lies in investing. Life goals can vary from one person to the next. For some people, it may involve purchasing or constructing a new home. For others, life goals could involve giving their children the best possible education. Yet other people may have life goals that focus on planning well for retirement.

Endowment Policy – Life Insurance Plan With Stable Returns

Every year lakhs of people die in road accidents in India. As per recent data, over 1.5 lakh to be precise^[1]. Life insurance is essential to guard against such unforeseen circumstances. Keeping an insurance policy active requires you to pay the premiums on time. But you also have other goals for which you need to set aside a portion of the monthly income as savings. How do you balance between savings and insurance? One option you may consider is to invest in an endowment plan.

Do Long Term Investments Provide Better Returns?

Investments are an essential part of financial planning. With the prices of everyday goods and essential services steadily increasing, merely saving your income won’t be sufficient anymore. What you really need to focus on is investing your money, so it can grow exponentially over the long term. Now, if you’re planning to invest in any one or more of the many financial investment products available to Indian investors, it becomes important to choose between short-term and long-term investment options that suits your needs.

Difference Between Savings And Investment Plans

Indians are known to be good savers. The habit to keep aside a part of the income is inculcated from childhood. Children across age groups save coins in piggy banks to utilise at a later date. But as one grows up, just putting aside currency notes and coins are not enough. How the accumulated money is used determines the long-term financial stability of the individual.

5 Reasons To Make A Life Insurance Investment

Humans spend their entire lives accumulating and securing material possessions. An expensive phone or a priceless watch is given more attention than health. But the slightest of impact on the health of a bread-earning member can throw the whole family into turmoil. Some people take their health seriously, but living a healthy life is half the work. How do you protect your family against unforeseen circumstances? Even a healthy body and mind cannot guarantee protection from unfortunate incidents. A life insurance investment plan in such cases can help in providing long-term financial stability to your family.

Where To Invest Money In India

First-time investors are often faced with the question of where to invest money in India. With the country’s financial markets teeming with several types of investments, it can be overwhelming to choose an instrument that suits your requirements and risk appetite. Some of these options even qualify as tax-saving investments, meaning that they can help you reduce your tax liability as an added advantage.

Tax Saving Investments – 3 Ways Insurance Can Help You Save Tax

The life insurance industry in the country has seen a steady growth over 6 years from 2012 to 2018, and the premium from new life insurance business reached Rs. 2.15 trillion, an increase of 10.73 percent year-on-year in FY19[1].

Online Investment Plans – Benefits And How To Get Started

Investing your money in the right instruments is pivotal to achieving your financial goals. If you’re salaried or self-employed professionals, you probably have a tendency to save up a part of your earnings each month. And while it’s a good thing to save a portion of your income, it’s a smarter strategy to invest it. This is because money that is invested prudently can help you make more money. This, in turn, allows you to achieve your long-term financial goals sooner.

Goal Based Investing - How to Get Your Strategy Right

Goals give us direction, vision, motivation and clarity. To achieve success, we must first set goals or life would be similar to riding a directionless boat. Just as in other aspects of our life, it’s important to set goals in our financial life.

Long term investment plans - What Are Their Benefits?

We cannot ignore or deny the power of long term investing. The principles of long term investment are in tune with the simple virtues of life such as patience and perseverance that always bear fruits. Historical data of the stock market proves that equities offer the best opportunity for wealth creation in the long-term. Returns from equity-based investment options such as unit linked insurance plans (ULIPs) have also shown how long term investment plans help generate wealth.

What is Power of Compounding and How it enhances your Investments

3 Major Types Of Insurance Plans

From the time you start earning, the chances of accumulating funds are higher. However, the savings habit inculcated in Indians overlooks the benefits of investment plan

What Is Return On Investment?

Planning Life Goals has become an important aspect for every investor today. It is important for one to realise their life goals and plan for them accordingly.

Got Your Salary Hike? Know Where to Invest Money

Appraisal season has come to an end and it is most likely that by now you have got your salary hike and performance bonus. While you might be tempted to splurge the additional cash, judicious use of the surplus income can

How Life Insurance Goes Beyond Income Replacement

Most of us buy life insurance to financially protect our family in the event of loss of income of the earning member, and to fulfil our family's life goals. Generally, the investments made for achieving these life goals are long-term in nature

Investing for the first time? here are some tips to help you make the right investment

If you are investing for the first time, the chances are that you will be bombarded with advice and tips from your friends and relatives, or you might be confused by never-ending instructions from financial publications.

Avail Systematic Investment Plans for a more stable financial future

We all have various financial obligations like daily needs, school fees, and short trip with family or buying a fancy gadget where we require onetime payment for which money can be relatively collected easily.

4 Ways You Can Spend Your Annual Bonus - Know How To Invest Money

For most of the salaried professionals, this time of the year brings in much joy and a sense of achievement. You get your annual bonus besides your usual monthly salary - just like the icing on top of a cake..