Investment Plans
Investment Plans
“Invest Today, Enjoy Tomorrow”
Thinking about investing?
Are you prepared for future?
Have funds and want to choose a plan that can secure your future?
Thinking about the funds for your child’s education and marriage?
We are here to provide a safe and secure medium to compare investment plans.
What are Investment Plans?
At different stages of life, we need funds whether it is for child’s education, child’s marriage, and retirement or emergency situations.
Investment plans are such plans which focus on securing your future. They are simple ways to build wealth over time. In layman’s terms, investment plans are plans where your money grows while you sit back. Besides being a great option for saving for future, it is the best method for increasing wealth.
It can not only help you create a lump sum of money but also provide a security cover that you need.
Life Insurance companies offer various investment plan or wealth creation products options to choose from.
Securely Plan Your Next Investment for
- Dream Home
- Child’s Marriage
- Wealth Accumulation
- Child’s Education
- Retirement
- Tax Savings
Benefits of Investment Plans
1. Wealth Creation
Investment plans with life insurance can accumulate wealth over a period of time. One can choose the plan that suits their individual need based on risks, returns and disposal amount. In the future, when there is a need for funds, investment plans can provide you a lump sum amount.
2. Financial Protection
Life insurance policy with investment plan options provides financial aid to the family as well as survival and death benefits. At the time of maturity, the policy holder receives the returns with profit which provides long-term financial security to the family. While an unfortunate incident of policy holder’s death occurs before maturity, the sum assured is paid to the nominee. And this provides financial protection to the family.
3. Small Investment
Investment plans help in achieving bigger financial goals while investing small amounts of money over a period of time.
4. Death Risk Coverage
Investment plans by life insurance offer death risk coverage. This way the needs of the family are taken care of even in the absence of the policy holder.
5. Retirement Savings
Investment plans help create funds for retirement. One can build funds that can be used at a later stage in life.
Types of Investment Plans
1.Endowment Insurance
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.
Participating Endowment Plan
Non-Participating Endowment Plan
Whole Life or full endowment policy
Money Back Plans
These are endowment plans in which the policyholder is a participant in the insurance company’s growth where company gives small portion of its profits to the policy holder in form of bonus.
These are policies in which the policyholder does not get a part of the company’s profits, Returns earned are guaranteed in such plans & are pre decided by the insurance companies.
This kind of policy covers your entire life – up to 100 years – with a basic sum assured. Bonuses are added to the death or maturity benefits as and when your account makes profits.
Money back endowment plans ensure that you get regular returns from your investment instead of a lump sum at the end of the policy period or at death.
2. ULIP
Unit Linked Insurance Plan or ULIP are types of insurance plans which not only offers you protection but also helps you maximize your savings over a period of time by investing a part of your premiums in a mix of debt and equity.
ULIP plans help you to stay connected with market and earn and grow as per the markets.
3. Retirement Plans
Retirement plans the most common name used for it is “Pension Plan” that allows the individual to allocates the part of income which is accumulated over a period of time which can be used in the period of retirement.
1. Deferred Annuity
These are the pension plans in which the annuity starts after a certain date. It can be further divided into the following:
- Accumulation phase- It is the phase when you start investing and accumulating cash and commences from the date when you first time pay premium.
- Vesting phase- It is the date from which you will start getting the policy benefits in the form of pension.
2. Immediate Annuity
- There is no accumulation phase and the plan starts working right from the vesting phase. It is purchased with a lump sum and the annuity payment starts immediately either for a limited tenure or lifetime.
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