Just like the earth experiences various seasons, your life too transitions through various phases. Like winter, you emerge into existence out of the darkness. Like the spring, you sow the seeds of your life through education. And finally, when you grow up, it’s time to face the heat or rather the summer of your life, which is adulthood. Right from your mid-twenties to mid-fifties, you need to make the most of the sunshine that comes to you in the form of your earnings. Only if you make the most of the sunshine, you can reap its fruits when the autumn of your life arrives i.e. old age. Naturally, the summer of your life is an exciting time. Seeds of action are planted and they come to fruition, benefiting you and your loved ones. Financial planning and making the right investments is the crux of prepping for the summer of your life. Here’s a list of investment plans that will help you prep for the summer of your life: –
You may already be familiar with the age-old phrase – ‘Make Hay While the Sun Shines’. A retirement plan enables the same. It helps you build up a corpus while you’re working so that you are financially independent after your retirement. Unit Linked Insurance Plan or ULIP based retirement plans help you generate inflation-beating returns over the long term without straining your current finances. So make sure to invest in ULIP based retirement plans as soon as you start earning.
When you begin planning a family, you also need to plan for the ever-increasing cost of education. This investment will ensure that your children will be able to pursue their dreams. You can invest in ULIP based child plans available on Finserv MARKETS as soon as your child is born. That way you have enough time to build up adequate corpus without straining your current finances.
Life Insurance Plan
Although the average life expectancy is increasing, one cannot deny the fact that life is incredibly uncertain. In case the worst happens, the dependents in your family may be left in a terrible spot both emotionally and financially. By taking up a life insurance policy, you can save your loved ones from financial troubles in case of your untimely demise. Instead of standalone life insurance policies, you can also opt for ULIP plans as they offer dual benefits of life insurance and market-linked investments.
Given the rising healthcare costs, buying health insurance is no longer a choice. By investing in a good health plan, you can be assured of medical coverage for all types of ailments, both big and small. Hence, you can keep your savings intact even if you have to deal with unexpected medical bills.
Financial investments tools like ULIPs are versatile and help you secure various financial aspects of your life. With Bajaj Allianz ULIP plans, such as Bajaj Allianz Future Gain ULIP and Bajaj Allianz Long Life ULIP, you get the flexibility to invest according to your life goals. Making goal-based investments is the key to a financially secure life. To invest or know more about Bajaj Allianz ULIP plans visit Finserv MARKETS.
Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment, and exclusive EMI store, all under one roof- anytime, anywhere!