Insurance & Investment
Investment is one of the most important aspects of financial planning. The aim is to make sure that the money earned by you does not lie around being unproductive.
Investing in various financial products lends growth to any financial portfolio. One thing that is absolutely clear is that any amount of money is sure to appear less with each passing day. This is because the value of say Rs.1000 will not be the same 5 years down the line as it is today.
Hence, it is important to understand that saving alone is not enough for future financial goals. Any investor or common man needs to ensure that his or her money grows as well.
It can be done by as below...
- You need to see the amount of money that you have in order to begin investing the same in investment tools.
- The second basic but important point is to understand the financial goal for which you are investing
- Traditional Investment- Stocks Bonds & Deposits
- Alternative Investment- Real Estate, Private Equity, Collectibles (Valuables)
Insure your greatest asset – you!
You insure your car and your home. But nothing is more important than your life and your ability to make a living. So it makes good sense to insure your greatest asset – you!
As we move through life, find a partner, raise a family, and maybe start a business, the importance of insurance in a long term plan increases. That’s because insurance is all about providing a financial safety net that helps you to take care of yourself and those you love when you need it the most.
Why is insurance important? Let’s look at five key reasons.
Health Insurance
Health insurance is bought to cover medical costs for expensive treatments. Different types of health insurance policies cover an array of diseases and ailments. You can buy a generic health insurance policy as well as policies for specific diseases.
Car Insurance
In today’s world, a car insurance is an important policy for every car owner. This insurance protects you against any untoward incident like accidents.
Home insurance
We all dreaming of owning our own homes. Home insurance can help with covering loss or damage caused to your home due to accidents like fire and other natural calamities or perils
Life Insurance
~>Protection for you and your family
~>Reduce stress during difficult times
~>To enjoy financial security
~>Peace of mind
~>A legacy to leave behind
- Salaried Individual
- Self Employed Individual
- Professional Individual
- NRI's
- Company
- To minimize monthly out flow and increase the amount of cash in hand
- Working capital requirement
- To fill financial requirement
- Business Expansion
- Keep good CIBIL score
- 10 Lac to 50 Crore
- Can be Decided on Market Value of Property
- Can be Decided on repaying capacity of the borrower basis income documents