Why is it important to have an investment plan?

Investment planning provides direction and meaning to one's financial decisions. It allows one to understand how each financial decision affects other areas of finances. By viewing each financial decision as a part of a whole, one can consider its short-term and long-term effects on life goals. with the help of an investment plan we get a financial support for to full fill our future dreams.

How to Choose the Best Investment Plan?

1. Know Your Goals..

2. Assess the Risk Profile. ...

3. Withdrawal Facility. ...

4. Death Benefits. ...

5. Brand Value and Consistency. ...

6. Invest for yourself..

What are the 4 types of investments?

Here are the four main investment types, or asset classes, that you can choose from, each with distinct characteristics, risks and benefits.

1. Growth investments. ...

2. Shares. ...

3. Property. ...

4. Defensive investments. ...

How to Buy an Investment Plan Online in India?

Almost all the investment companies in India have an online presence. Buying an investment plan online is not only easy, but it's beneficial too. It saves time, and also evades the paperwork, thereby making it hassle-free. To buy investment plans online in India, follow the steps given below:

Fill Your Details step1

Enter your personal details such as name, mobile number, gender and date of birth. Click on the ‘View Instant Quotes’ button to see available quotes.

Enter Basic Details step 2

Log in to the investment page. Then enter the basic details such as income, date of birth, etc.

Get a Call Back step3

Enter the term that you want to buy the policy for, as well as the amount that you want to invest.Once you fill the lead generation form, our financial experts will soon get in touch with you.

What are Benefits of Investment Plans?

Wealth Creation:-

Investment plans with life insurance are sure shot way to accumulate wealth over a period. As an investor one can choose suits the best depending on the risk, returns and disposal amount to buy a plan. In future, when you would require funds for child’s education, child’s marriage, retirement, pension, etc. life insurance investment plans will financially aid you.

Financial Protection:-

Life insurance policy provides life coverage with investment options, which takes care of the family financially as both Survival and Death Benefits are provided. At maturity, policyholder receives the returns with profit in the pocket. This way one can provide long-term financial security to the family.

Death Risk Coverage:-

Not all investment avenues offer death risk coverage options. However, investment plans by life insurance do. These plans include death risk coverage. This way, your family’s financial needs are taken care even in your absence. The sum assured is paid to the nominee in the event of the death of the policyholder

Retirement Savings:-

One can buy these investment plans at any given time of life stage. That said, this allows you create the corpus for the retirement. One can buy and build funds that can be used at the later stage of life. In this way, even after retirement the investor will financially independent.

Flexibility

Flexibility of money to be invested and the duration. One can opt as feasible, depending on the needs and planning.

Flexibility of money to be invested and the duration. One can opt as feasible, depending on the needs and planning.

Life insurance investment plans also act as a loan facilitator. But, it depends on the coverage one has taken, premiums paid, eligibility for the loan amount, etc.

So, Do hurry and get the best Term Insurance for you online or offline only at Bimacafe.com