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What is Short Term Investment Planning?

By Finserv MARKETS - Jan 2,2020
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ULIPs For Short Term Investment

If you overspend on a regular basis, you may land up in a debt-trap and this can take a toll on your finances. Therefore, it is essential that you manage your expenses wisely in order to avoid any financial crunches in the future. Saving a portion of your monthly income and utilizing it to make smart investments can not only provide financial security but also help you in achieving your short-term goals with ease. Moreover, making investments can also help you be well-prepared for any unexpected emergency.

Before you make any sort of investment, it is essential that you evaluate the potential returns and your risk appetite carefully. This will allow you to choose the right investment product for yourself. Nowadays, there are various investment options available in the market, such as equity funds, debt funds, fixed deposits, etc. However, one investment product that has gained massive popularity in recent times is the Unit-Linked Insurance Plan (ULIP).

What is ULIP?

ULIPs are modern investment plans offered by life insurance companies that provide both insurance and investment under a single integrated plan. This dual-purpose of ULIP gives it an edge over other investment options in the market.

Let us have a look at some of the major benefits of investing in ULIPs.

  • Flexibility

Investing in ULIP will provide you the flexibility to choose the fund option according to your financial requirements. Moreover, you can also choose the sum assured at the beginning of your insurance policy.

  • Higher returns

Investing in ULIP will provide you better returns as compared to traditional fixed deposits. Additionally, ULIPs are a low-risk investment and this makes them a preferred investment option in the current volatile market.

  • Tax benefits

You can also avail ULIP tax benefits. Under section 80(C) of the Income Tax Act, you can avail tax benefits for the premiums paid for ULIPs.

ULIP for short term goals

  • Investing in ULIP plans can help you achieve your short-term goals such as managing wedding expenses, buying a car, funding a vacation, etc.
  • Since ULIP is a goal-based investing, it can also help you save enough money for your long-term future goals such as funding children’s education, buying a home, etc. Moreover, ULIP returns can also be utilized to live a comfortable life post-retirement.

Now that you have a better understanding of ULIP investment, ensure that you make the most of it and invest your hard-earned money wisely. Lastly, do not forget to compare various ULIP plans offered to you by different insurance providers before making the final decision. This will help you avail a ULIP plan that best suits your needs.

With the help of Bajaj Allianz ULIP plan, you can not only make a wise investment but also protect yourself and your loved ones through the life insurance coverage. Some of the major benefits of availing a Bajaj Allianz ULIP plan available on Finserv MARKETS are partial withdrawal of funds, alter premium payment frequency, rider options, etc. Some plans also offer benefits like the return of mortality charges, loyalty additions, and fund boosters.

So why wait? Compare various ULIP plans and choose the right one for yourself, today.

“Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we works towards fulfilling all your personal and financial needs . What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.”

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522