Smart Lifelong Plan is a non-participating unit linked insurance plan that helps fulfill your responsibilities by achieving the objective of
wealth creation along with life insurance coverage till 99 years of your age.
Smart Lifelong Plan is a non-participating unit linked insurance plan that helps fulfill your responsibilities by achieving the objective of
wealth creation along with life insurance coverage till 99... Read more
The Unit Linked Insurance Plan (ULIP) is a financial product which acts as an investment cum insurance plan.Ulip offers the opportunity of
wealth creation along with a life cover to protect your loved ones financially.
So, Manisha in her 40's can choose to buy an endowment Plan for
wealth creation along with insurance protection, buy a pension plan for her retirement as well as choose a Critical Illness Plan.
Since, this purpose of a life insurance policy was not endorsed by many; insurers launched hybrid plans which provided
wealth creation along with insurance protection.
Not exact matches
i have started this SIP 5 months back only, My time horizion is 7 yrs approx to build god corpus to buy a house, rest i can take loan and the reason i chose all ELSS was to save tax as well
along with
wealth creation as my annual income is 5,00,000 (gross) or 4.25 lakh net in hand
Some plans are meant for the purpose of
wealth creation while others provide the feature of savings
along with insurance protection.
Wealth creation: Long - term savings / investment plans build a sizable corpus that can be directed towards financial goals like starting one's own business, buying a home, accumulating savings for family members —
along with the dual benefit in terms of tax.
This was until Unit Linked Insurance Plans (ULIPs) were introduced in the market which provided the answer to the investor's
wealth creation need
along with insurance protection.
This plan also offers a choice of 3 investment strategies
along with convenient payment options ensuring efficient
wealth creation.
The policyholder has to pay a single premium and enjoys coverage for a longer period
along with
wealth creation.
This dual sided sword offers insurance protection
along with
wealth creation opportunities.
As a result, the new ULIPs produce better
wealth creation avenues for investors
along with an adequate cover.
However, in order to understand this list in context, please take a moment to read through the rest of our article that focuses on strategies you can use
along side the best life insurance for seniors to maximize
wealth building and legacy
creation.
If you are looking to buy a plan that helps you build the
wealth along with the insurance benefit, investing with a
wealth creation plan is the best bet.
Firstly, take into consideration what is your purpose of investment — whether it is
wealth creation or you want a life cover
along with it.
If you wish to have an insurance cover
along with
wealth creation, you can opt for a term plan.