Posts

Investment planning for old age

By
  Investment Planning for Old Age:  A Comprehensive Guide Planning for retirement is crucial, as it ensures a secure and comfortable life after your working years.  Here's a comprehensive guide to help you create a robust investment plan for your old age: 1. Assess your Financial Situation: Determine your current financial status: This includes your income, expenses, assets, and liabilities.  Calculate your retirement goals: What lifestyle do you envision? What expenses will you need to cover?  Estimate your retirement needs: Consider healthcare costs, housing, travel, hobbies, and other expenses. Factor in inflation: Inflation can erode your purchasing power over time, so it's important to account for it in your calculations. 2. Set Realistic Financial Goals: Establish specific and measurable retirement goals: This could include having a certain amount saved, owning a paid-off home, or being able to afford a specific travel plan. Set a timeline for your goals: ...
Post a Comment
Read more

LIC new index plus plan 873

By
Image
LIC Index Plus Plan 873 - An Ideal Choice for your Investment Portfolio Life Insurance Corporation of India (LIC) has been the go-to choice for individuals when it comes to life insurance. But, apart from providing traditional insurance policies, LIC also offers investment options for those who are looking for avenues to grow their wealth. One such policy is the LIC Index Plus Plan 873 - a unit-linked, non-participating, individual life insurance plan that offers dual benefits of insurance coverage and investment opportunities. Let us delve deeper into the details of this plan and understand why it can be an ideal choice for your investment portfolio. Overview of LIC Index Plus Plan 873 LIC Index Plus Plan 873 is a market-linked plan where the premium paid by you is directed towards various investment funds that are linked to the performance of equity and debt markets. This plan offers flexibility, transparency and the potential to earn attractive returns. You can choose fr...
Post a Comment
Read more

How to Secure Your Future with LIC new Jeevan Utsav plan (871) launched on 29 Nov 2023

By
Image
LIC’s Jeevan Utsav is a Non-Linked, Non-Participating, Individual, Savings, Whole Life Insurance plan. This plan provides financial support to family in case of unfortunate death of Life Assured.                             1) KEY FEATURES:  • Whole life insurance with limited premium payment  • Two options available at inception to choose the benefit under the plan: - Option I -                Regular Income Benefit, Option II – Flexi Income Benefit  • Guaranteed Additions throughout Premium Paying Term • Flexibility to choose Premium Paying Term from 5 Years to 16 Years  • Benefit of attractive High Sum Assured Rebate  • Option to enhance coverage by opting for riders on payment of additional premium • Takes care of liquidity needs through loan facility                    ...
Post a Comment
Read more

How to Secure Your Future with LIC Jeevan Umang Plan 945

By
Image
  LIC Jeevan Umang Plan is a life assurance plan that covers you till you reach 100 years of age.     *  Benefits of LIC Jeevan Umang Plan       1)   Annual Survival Benefits : The plan pays 8% of the basic sum assured as survival                      benefits every year from the end of the premium paying term till maturity or death of                the policyholder       2) Death AND TAX Benefit. The following table shows 3 options with other LIC plan ( JEEVAN UMAMG +ENDOWMENT + MONEYBACK  PLANS ) the sample illustrations of premiums and benefits of LIC Jeevan Umang Plan for a healthy male of 35 years of age, opting for a sum assured of Rs. option 1 for 15 lakh and a premium paying term of 15 years. What are the Eligibility Criteria of LIC Jeevan Umang Plan? The eligibility criteria of LIC Jeevan Umang Plan are as follows...
Post a Comment
Read more