Money Multiplying News

LIFE INSURANCE

EMBRACE TOTAL WELL-BEING:

Elevate your Future with a 360° Solution for Wealth, Health, and Protection!

Introducing TATA AIA Life Insurance Param Rakshak III - Elevate Your Financial Journey with a Comprehensive Plan Offering Life Cover, Market-Linked Returns, and the Benefits of Tata AIA Vitality Wellness Program.

Param Rakshak III solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Unitlinked, Non-participating, Individual Life Insurance Plan for Savings and Protection & Tata AIA Vitality Protect Plus, A Non-linked, Nonparticipating, Individual Health Rider. (In this policy, the investment risk in the investment portfolio is borne by the policyholder.)

TOTAL COVERAGE UNVEILED:

360° HEALTH, WEALTH & PROTECTION

1. Market Linked Returns for Wealth Creation: Choose your investment funds as per your Risk Appetite & Comfort.

Past Performance of fund for reference:

2. Life Insurance: The life cover under this policy offers a lump sum benefit to your loved ones in the case of any unfortunate event for a period of up to 40 years.

3. Term Booster Rider: For extra protection in case of terminal illness.

4. Accidental Death Rider :

5. Accidental Permanent Disability :

6. Return of Rider Premium: If not claimed, all riders premium back at maturity in case of terminal illness.

7. No Cost Tata AIA Vitality membership: Free health Assessments + Annual Health Checkup, Upfront discounts on rider premium up to 30%.

Disclaimer: In this policy, the investment risk in investment portfolio is borne by the policyholder. The linked insurance product do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year).

GENERAL INSURANCE

A HEALTH INSURANCE PLAN WITH WHICH NOTHING SEEMS IMPOSSIBLE

Have you ever thought about a health insurance plan that locks in your premium basis your entry age? Or doesn’t let you run out of sum insured, ever? Or even helps you carry forward your leftover sum insured to the next year? Sounds impossible? Not anymore. Introducing ReAssure 2.0, a first-of-its-kind health insurance policy that allows you to turn the impossible into possible. The plan is packed with many industry-first features so that you can truly get complete peace of mind.

1. Save while you stay protected, as you age

Pay the premium which is applicable as per the age at which you purchase the policy and not your current age. This will continue until a claim is made. This means that if you purchase the policy at 25 years old, and you do not make any claim until you are 55 years old, then, you will only be paying the premium which applies to a 25-year-old every year, until you claim at 55 years old age. The premiums will return to the normal premium cycle only after the first claim is made.

2. Never run out of your Sum Insured, ever

The first claim will trigger the ReAssure+ benefit forever. It is unlimited. Each claim will be up to the base sum insured. It can be used by the same person for the same illness. After you claim, you get the double sum insured from day 1 of the next year. This means that if you have purchased a policy with 10 lakhs of base sum insured and you make a claim of 2 lakhs that year, then the ReAssure+ benefit will be triggered and you will get up to 10 lakhs of the sum insured, which will be over and above the balance of 8 lakhs of base sum insured. This ReAssure+ benefit will remain forever, as many times as you claim. And next year, you will get 20 lakhs of the sum insured from day 1.

3. Don’t lose what you don’t use

Don’t let go of the sum insured for which you have already paid for. Our first-in-industry benefit enables you to carry forward the leftover sum insured to the next policy year upon renewal. This way, your sum insured will keep accumulating with each renewal up to 10x of your base sum insured. This means that if you have purchased a policy with 10 lakhs of base sum insured and you do not make any claim that year, then your sum insured is not wasted. It is carried forward to the next year and you get 20 lakhs of the sum insured from day 1 itself. This sum insured will continue to carry forward up to 10x of the base sum insured i.e. until it becomes 1.1 crores in this case. Even if you make a claim, the leftover sum insured is carried forward.

WIN-WIN FOR YOU IN ALL SITUATIONS

Designed to help you benefit beyond hospitalisation

? Up to 30% renewal discount on premium, basis the health points collected on Niva Bupa Health App.

? Unlimited e-consultations with our partners- video and telephonic

? Annual Health Check-Up starting from day 1

Designed to help you benefit at the time of hospitalisation

? Inpatient Care with coverage for hospitalisation of 2 hours and no capping on room rent coverage up to the sum insured.

? Truly Cashless Experience with optional add-ons:

Safeguard+: Coverage for Non-payable items as per the list I, II, III, IV of Annexure I and no impact on Booster+ for less than INR 1,00,000 claim.

Safeguard: Coverage for Non-payable items as per the list I of Annexure I and no impact on Booster+ for less than INR 50,000 claim.

PRODUCT BENEFIT TABLE (All Limit In INR unless defined as Percentage)

HOW MUCH DOES IT COST?

FIXED INCOME

While fixed deposits (FDs) have long been favoured by Indian investors for their simplicity and safety, there’s a world of possibilities beyond. In fact, a recent survey revealed that over 44% of respondents opt for FDs to secure funds needed within three years, shielding them from market volatility. An additional 23% utilize FDs to park emergency funds and beat inflation. Recognizing the demand for stable returns and tax-saving benefits, many investors turn to fixed income securities. However, with a wide array of options available, selecting the right investment can be overwhelming.

Fortunately, India’s government and public sector financial organizations have introduced various fixed income securities. These offerings aim to empower conservative investors, providing them with high returns, tax exemptions, and other enticing perks. By diversifying their portfolios and balancing risk, investors can optimize their wealth growth through government investment schemes.

Don’t limit your financial potential to fixed deposits alone. Explore the plethora of fixed-income securities available in India and unlock the rewards of a well-rounded investment strategy.

Discover the Hidden Gems: Unveiling the PowerPacked Government and Post Office Schemes with Key Features!

Interest rate comparison between different schemes

1. Senior citizen saving scheme (SCSS) : A Senior Citizens’ Saving Scheme (SCSS) is a government-backed retirement benefits programme. Senior citizens resident in India can invest a lump sum in the scheme, individually or jointly, and get access to regular income along with tax benefits

? SCSS Can be opened by Senior citizens (above 60 years) singly or jointly

? Minimum limit to invest in SCSS is Rs 1000 and Max limit is Rs 30 lakh

? It offers an attractive interest rate of 8.20% p.a.

? It has an Investment tenure of five years and can be extended only once for three years.

? It Assured regular income through quarterly interest

? Individuals are Eligible for exemption under Section 80C Benefit of SCSS:

? The scheme offers a high interest rate on the deposit compared to other scheme

? Investors can get an income tax deduction of up to Rs.1.5 lakh under Section 80C of the Indian Tax Act, 1961.

? The 5-year tenure of the account can be extended for another 3 years.

? SCSS is an Indian government-sponsored investment scheme and hence is considered safe and most reliable. An SCSS account can be opened at a bank or a post office. The process to open an SCSS account is mentioned below: ? Visit the nearest post office or bank branch.

? Submit the application form along with the Know Your Customer (KYC) documents.

? A cheque for the amount that is being deposited must be provided.

? You can add nominees to the account.

2. Public Provident Fund (PPF) : The PPF account or Public Provident Fund scheme is one of the most popular long-term saving-cum-investment products, mainly due to its combination of safety, returns and tax savings. It was first offered to the public in the year 1968 by the Finance Ministry’s National Savings Institute. Since then it has emerged as a powerful tool to create long-term wealth for investors.

? The Public Provident Fund (PPF) is an investment scheme with a minimum annual investment of Rs. 500 and a maximum limit of Rs. 1.5 lakh per year

? It offers a competitive interest rate of 7.1% p.a.

? It has a 15-year lock-in period

? PPF investments are eligible for tax exemption under Section 80C up to Rs. 1.50 lakhs

Benefits of PPF :

? Loans can be availed from banks/ NBFCs against PPF. Overall, PPF is an attractive long-term investment option with tax benefits

? The PPF is popular because it is one of the safest investment products

? PPF scores over many other investment options mainly because your investment is tax-exempt under section 80C of the Income Tax Act (ITA) and the returns from PPF are also not taxable.

You can open a PPF account with a bank or a post office. Usually, almost all reputed banks allow you to open a PPF Account with them. From State Bank of India, HDFC Bank, ICICI Bank, Axis Bank to Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Punjab National Bank. Some banks also allow you to open the account online or offline while some allow only offline account opening applications.

3. Post office monthly income scheme (POMIS) : Post Office Monthly Income Scheme (POMIS) is a guaranteed monthly income scheme. It guarantees income in the form of interest on the investment. The rate of interest for a Post Office MIS is fixed by the Finance Ministry and the Central Government.

? Individuals can invest upto Rs.9 Lakh individually or 15 Lakh jointly in POMIS

? It has a lock-in period of 5 years, ensuring stability for investors

? With a minimum investment amount of Rs. 1,000 Individuals can invest in multiples of Rs. 1000 thereafter

? POMIS is not eligible for tax benefits under section 80C

? Interest rate of 7.40% p.a (July to September 2023

Benefit of POMIS:

POMIS returns are not market-linked. The government backs it, hence offers guaranteed returns. Following are the two benefits of opening a POMIS account:

? Steady Returns: Post Office Monthly Income Schemes offer fixed interest income. An investor earns a fixed and steady flow of income every month.

? Low-risk Investment: Post office monthly income schemes online have no risk involved in market capitalization.

? Capital Protection: As the Government backs it, the return is safe.

? Good for Risk-averse Investors: Post Office Monthly Income Scheme is the best scheme for risk-averse investors who want monthly income. It is favorable for those looking for long-term investment and regular income.

You can apply for a POMIS application at the nearest Post Office by submitting the duly filled form and relevant documents.?

4. National saving certificate (NSC):

The National Savings Certificate (NSC) is a fixed-income investment scheme that you can open with any post office branch. This is an initiative by the Government of India and encourages subscribers – mainly small to midincome investors – to invest while also saving on income tax.

? It requires a minimum investment amount of Rs. 1,000, with subsequent investments made in multiples of Rs.100.

? The NSC offers an attractive interest rate of 7.7% per annum (applicable from July to September 2023).

? The scheme has a lock-in period of five years, allowing premature exit only in exceptional cases like a deceased claim.

? The interest earned is compounded annually and paid at maturity.

? Investments in NSC are eligible for tax exemption under Section 80C, up to Rs. 1.50 lakhs.??

Benefit of NSC:

? Higher return :The returns offered by NSC have generally been higher than FDs

? Tax saver: As a government-backed tax-saving scheme, you can claim up to Rs.1.5 lakh under the provisions of Section 80C of the Income Tax Act, 1961

? Loan collateral: Banks and NBFCs accept NSC as collateral or security for secured loans. To do this, the concerned postmaster should put a transfer stamp on the certificate and transfer it to the bank.

You can purchase NSC from public sector banks, certain authorized private banks (ICICI, HDFC & Axis), or at a post office through electronic mode or offline mode.??

5. Post office recurring deposit : The post office offers nine saving schemes including the Post Office Savings Scheme that are backed by the Government of India. The recurring deposit offered by the Post Office is offered as a mid-term saving scheme. With this scheme the depositors will be depositing their investments for five years at minimum.

? The minimum deposit requirement is Rs. 10 per month, with no maximum limit. ? The scheme provides an interest rate of 6.50% per annum (applicable from July to September 2023), compounded quarterly.

? The investment tenure for RD ranges from 5 years to 10 years.

? RD deposits are not eligible for exemption under Section 80C of the Income Tax Act. In case of a missed monthly payment, it can be paid later with a penalty of Rs. 1 per Rs. 100 per month for each default.

You can apply for Post Office RD by visiting the nearest post office branch with the application form, KYC documents and deposit slip or apply through the India Post Payments Bank (IPPB) app on your mobile phone.

6. Kisan vikas patra : India Post introduced the Kisan Vikas Patra as a small saving certificate scheme in 1988. Its primary objective is to encourage long-term financial discipline in people. As per the latest update, the tenure for the scheme is now 115 months (9 years and 5 months).

? Kisan Vikas Patra (KVP) offers various denominations for investment, including Rs. 1,000, Rs. 5,000, Rs. 10,000, and Rs. 50,000, with no maximum limit.

? The scheme provides an attractive interest rate of 7.5% per annum (applicable from July to September 2023), compounded yearly.

? The corpus invested in KVP is payable on maturity after a tenure of 115 months. ? KVP investments are not eligible for tax benefits under Section 80C.

? An additional advantage is the availability of loans from banks and non-banking financial companies (NBFCs) against KVP, providing liquidity if needed. You can submit the application form, relevant KYC documents and the funding cheque/DD/cash/PO at the nearest post office or authorised bank branch.

MUTUAL FUND

When it comes to investing, savvy investors have a couple of key things in mind: growing their capital and protecting it. Now, the market is a wild ride with a whole bunch of options to choose from. Each investment option comes with its own mix of risk and potential return. And when things get all shaky and volatile, it’s easy to feel a little uneasy. During periods of volatility, asset allocation can provide a certain level of peace of mind. Asset allocation plays a role in maintaining stability in volatile markets, as seen during the sharp correction in March 2020 caused by the pandemic. However, equity as an asset class is associated with high volatility. Consequently, many investors tend to avoid or under-allocate to equities, despite their long-term potential for solid returns. Investors who are cautious about high volatility may find it beneficial to invest in funds that dynamically manage equity allocation based on valuation levels.

Balanced Advantage Funds, also known as dynamic asset allocation funds, are financial superheroes that?effortlessly shift between equity and debt instruments. Their strategic allocation adapts to market conditions, reducing equity exposure when valuations are high and increasing it when valuations are low. With a diversified investment style, they aim to maintain adequate equity allocation while investing in fixed-income securities based on market conditions. This dynamic approach tames volatility and offers potential capital appreciation. By participating in the long-term growth potential of equities while minimizing risk, these funds provide investors with a balanced and adaptable investment option.

Unlock the amazing benefits of Dynamic Asset Allocation Funds!

Here’s why you should consider diving into these investment wonders:

? Ride the growth wave: With these funds, you can enjoy the long-term growth potential of equities without losing sleep over wild market swings. They bring stability to the table while still capturing those juicy returns.

? Emotional balance: Say goodbye to emotional decision-making. These funds have a systematic approach to managing equity and debt allocation. They let numbers and valuations do the talking, keeping emotions out of the equation. It’s like having a calm and rational investment partner by your side.

? Tax and cost efficiency: We all love to save money, right? These funds have got you covered. They offer tax-efficient solutions, making them similar to equityoriented schemes. Plus, they’re cost-efficient, so you can make the most of your hard-earned money.

Suitability: This strategy is perfect for investors who prioritize stable risk-adjusted returns and aim to minimize drawdowns over the long term. If you’re looking for a steady and reliable investment approach that keeps volatility in check and focuses on consistent performance, this is the ideal strategy for you. It’s all about achieving your financial goals with a smoother ride and a horizon that stretches far into the future. So, if stability and long-term success are at the top of your investment checklist, this strategy is tailor-made for you.

Disclaimer: Bajaj Capital Limited (‘BCL’) has taken due care and caution in presenting factually correct data contained herein above. While BCL has made every effort to ensure that the information/data being provided is accurate. BCL does not guarantee the accuracy, adequacy or completeness of any data/information in the publication and the same is meant for the use of the recipient and not for circulation. Readers are advised to satisfy themselves about the merits and details of each investment scheme, before taking any investment decision. BCL shall not be held liable for any consequences, legal or otherwise, arising out of use of any such information/ data and further states that it has no financial liability whatsoever to the recipient/ readers of this publication. Neither BCL nor any of its directors/ employees/ representatives accept any liability for any direct or consequential loss arising from the use of data/ information contained in the publication or any information/ data generated from the publication. Nothing contained in this publication shall constitute or be deemed to constitute a recommendation or an invitation or solicitation for any product or services. Any dispute arising in future shall be, subject to the Court(S) at Delhi. Views given in the articles are the personal views of the contributors and not that of the company. Readers are advised to go through the respective product brochure/ offer documents before making any investment decisions. Disclaimer: The rates of interest are applicable as on the data mentioned here in above. The rate may be revised at the sole discretion of the respective companies inviting the Fixed Deposits without further notice. Printed by, Rajiv Wadehra, Published By, Raji Wadehra on behalf of Bajaj Capital Investment Centre Limited, Bajaj House, 97 Nehru Place, New Delhi - 110019, and Printed at Sundeep press C-105/2, Naraina, Industrial Area Phase - , New Delhi - 110028, and Published at Bajaj House,97 Nehru Place, New Delhi - 110019, Editor-Rajiv Wadehra (CIN: U0000DL1988PLC039417))

All Insurance products are sourced by Bajaj Capital Insurance Broking Ltd.