Every investor wants to ensure maximum return on their investments with minimum risk involved. In the present day scenario, it is critical to get good returns along with the safety of no capital erosion. This is very important to meet the long-term financial needs of a person. Any person who requires long-term wealth creation must keep in mind the risks involved in the financial product compared to the return it generates. Keeping money in a savings bank account has become redundant as the interest earned on saving deposits is unable to meet the annual inflation rate.
Every person needs to ensure and create a different corpus for different milestones of life. For example, their own marriage, children's education, children's marriage or to save for retirement. The year after the pandemic has made people realize it is crucial to ensure financial stability and growth to meet any form of uncertain events. There are so many best investment plans available in the market, the investor tends to find it difficult to understand which one to choose.
Investment plans basically refer to financial products that help create wealth and achieve financial goals by regular investments in different products, funds, and ideas. This helps nurture a habit of disciplined savings amongst the investors for long-term wealth creation. Some of the best avenues for investments in India are:
1. Public Provident Fund
2. Senior Citizen Savings Scheme
3. Mutual Funds
4. Systematic Investment Plans
5. Life Insurance Products- Endowment Plans
6. Life Insurance Products- ULIP
7. Fixed Deposits
8. Government Bonds
Many investors find it essential to invest a part of their total portfolio in best investment plans like Life Insurance products as it creates a life cover that provides a guaranteed tax-free sum assured to the nominee of the life insured and also endowment plans provide long term guaranteed inflows that can help in securing future cash flows after a certain age.
Exide life insurance provides the best-in-the-market life insurance products that cater to all forms of needs. Some of the products can be listed as follows:
1. Exide Life Income Advantage Plan: It is a savings cum life insurance plan which provides you with a regular income. It has flexible payout options as per the choice of the investor. Payment has to be done for half of the policy term, and the balance half term would enjoy inflows of income. It comes with a life cover throughout the tenure of the policy. This best investment plan also involves bonuses that get added to the future inflows, thereby adding to the return. What's more, you also get benefits under section 80C of the Income Tax Act.
2. Exide Life Secured Income Insurance Plus: This plan is suitable for those investors who would want secured savings and ensure planned financial assistance to the family during an untimely event. It has a limited pay option as well and helps build a corpus for the future. In case of death of the insured, the family would get the sum assured of 10 times the annualized premium whichever is higher. This best investment plan also offers an option called the 'Family Payout Option', wherein the family will receive 50% of the Guaranteed Death Benefit along with the accumulated bonus as a lump sum amount. Further, the
remaining death benefit will be paid over a period of 60 months. Each installment would be equivalent to 1% of the Guaranteed Death Benefit.
If you want to know more about the best investment plans, feel free to reach out to the experts. Buy best investment plans today and secure your future now.