Have you ever wondered what it the most valuable thing in your family's life?
You take good care of your family; provide them with good food, clothing, education and the best of everything. Have you ever imagined what will happen to your family in your absence?
Life insurance can help your family to continue with their existing lifestyle even if you are not there in future. Life insurance can help your family to continue with their existing lifestyle even if you are not there in future.
5) Reasons why adequate life insurance is must for you
- Promotes regular saving
- Provides financial security for family
- Helps you to save tax
- Returns are tax-free
- Maturity amount can be used for various goals like retirement, foreign vacation or buying assets
Health is the real wealth. Don't you agree?
No one plans to get sick or hurt, but most people require medical care at some point or the other. Health insurance can help in protecting you from unexpected, high medical costs.
4) Reasons why adequate life insurance is must for you
- Provides you with the best treatment in case of illness
- No need to break your hard earned savings
- No need to borrow money at high interest rates
- Ensures peace of mind
Home Insurance Your home is your most precious asset. It takes lot of hardwork, money and years to build/buy your dream home. So it is very important to secure it with home insurance. You need to secure your home & its valuable contents with home insurance because: Natural disasters like floods, earthquakes and cyclones are unpredictable and can strike anytime Jewellery, cash and other valuable contents are prone to theft
Earning wealth can be difficult. Preserving your wealth for long term use can be even more difficult.
Indian economy is one of the fastest growing economies in the world. History has shown that as and when the country progresses, interest rates starts falling.
| Country | Interest Rates |
|---|---|
| United States | 0.50% |
| Germany | 0.00% |
| France | 0.00% |
| Canada | 0.50% |
| Australia | 1.5% |
Due to falling interest rates, one can longer depend on traditional investment options like bank fixed deposits and postal schemes. Hence it is very important to invest in the right place, so that your income remains protected for as long as you desire.
You have lived all your life with self-respect without depending on anybody. By planning for your retirement you can continue to enjoy your current lifestyle without compromising on your living standards. Given the high cost of living and rising inflation, Retirement planning has become all the more important.
Reasons why retirement planning is must for you
- You can live with self-respect
- You need not worry about money
- When you have regular income, you can do whatever you want to do
- Health problems are likely to increase with increasing age
- With rising inflation, the cost of living will increase manifold
As a parent, you have always tried to give the best of everything to your child. Then why should you compromise on your child's future. Good education is the best gift for your child.
Do you know about the rising costs of education?
| Profession | Engineer | Doctor | Scientist | MBA |
|---|---|---|---|---|
| Today's cost | 8-12 lakhs | 25-35 lakhs | 7-16 lakhs | 8-10 lakhs5 |
| Cost after 20 years | 22-32 lakhs | 70-80 lakhs | 20-30 lakhs | 25-35 lakhs |
According to a recent study, 80% of parents in India are unable to provide their children the education they desire due to lack of early planning and regular saving. If you do not wish to be a part of this 80% you need to act today and start planning for your child's future now.