How to plan smartly for your long term financial goals?
No doubt, you must have made investments to make your family’s future secure. Many people invest in real estate, buy mutual funds, invest in equity and government securities, have bank deposits to earn interest and many depend on their investments in commodities to have some extra income. You must have had taken similar steps to earn some interest or profit on your investments but are these gateways provide you security as well?
Are you planning smartly?
When you are planning for a long term goal and want to reap better returns, you need to make your investments in an intelligent way. Not just return on your investment matters but you should make sure it provides you security too. One such investment option that offers ROI as well as financial security to you is investment insurance.
Investment insurance is a kind of insurance plan that offers flexibility and gives you peace of mind that your invested fund along with accrued profits on it, will be given to your family in case something unfortunate happens to you.
Investment insurance- it is definitely made for you
If you think investment insurance is not for you, think again. You might be missing on a very important aspect of your financial freedom that you ought to give yourself. There is nobody who doesn’t have long term goals. Some might be accumulating funds for their child’s marriage, some might be saving funds for a start-up, some might want to buy a house for them and some like to surprise their loved ones with a very thoughtful but an expensive gift. If you have a family you should definitely put a part of your savings in investment insurance.
Investment insurance is made for those who like to have financial freedom as well as flexibility. You can choose number of years to invest your fund in. you can decide upon the level of risk you want to take. That means you have the freedom to choose whether you want to put your funds in high-risk instruments like equity or want to earn fixed returns by investing in pure no-risk instruments like government securities. Not just that, the premium amount paid towards investment insurance is eligible for tax deductions U/S 80C and 10D of Income Tax Act.