Money Multiplying News

SET SAIL FOR FINANCIAL STABILITY WITH TAX-FREE GUARANTEED INCOME PLAN

Exciting News Alert! Earn tax-free income on your life insurance investment of up to 5 Lac per annum!

Life is like a rollercoaster ride, full of unexpected twists and turns. One moment you could be on top of the world, and the next, you could be faced with challenges you never thought possible. Whether it's landing your dream job or winning the lottery, life is full of surprises that can change everything in an instant. Similarly, you may have aspirations to become an entrepreneur or ensure your children's success, but the future is never certain. With so much unpredictability in the modern world, it's impossible to predict what tomorrow will bring, and that's what makes life all the more exciting.

When it comes to investing our hard-earned money, we all want peace of mind knowing that our investments are safe and will provide a reliable source of income for the long term. Fortunately, there are solutions available that can offer both.

Life insurance policies linked to guaranteed income plans are a popular choice in today's uncertain financial climate. These plans provide a steady stream of income that you can count on, no matter what life throws your way. So, if you're looking for a secure investment that can provide peace of mind for years to come, guaranteed income plans might be just what you need!

Life Insurance

There are several benefits to investing in these plans compared to common investment instruments like fixed deposits, public provident funds, and national saving certificates.

LET'S TAKE A CLOSER LOOK AT THE BENEFITS OF LIFE INSURANCE IN MORE DETAIL

? FLEXIBILITY: There is flexibility in terms of premium payment terms, allowing you to start your investment with a premium payment term as low as 5 years.

? LOWER RISK: If you have a low-risk appetite and prefer a secure and guaranteed income, traditional insurance policies are a great option as they carry no risk. Whichever is earlier.

? PROTECTION COVER: If you want to secure the financial future of your family in all eventualities, consider purchasing a traditional insurance plan with substantial death benefits.

? MANAGING FINANCIAL OBLIGATIONS: When you are not around, your family should not have to deal with debts such as mortgages, car loans, and personal loans. By selecting the right life insurance plan, these obligations are covered.

? TAX BENEFITS: Insurance plans offer tax benefits in accordance with section 80C of the Income Tax Act. A policyholder can receive a tax advantage of up to ?1.5 lakhs, making it very appealing to consumers who want to save as much tax as possible.

? NO REINVESTMENT RISK: Locking in your interest rate for the full policy term eliminates reinvestment risk.

? TAX-FREE INCOME: Enjoy tax-free returns on investments up to a premium of 5 lakhs per annum.

? RETURN OF AMOUNT INVESTED: At maturity, your invested amount is guaranteed to be returned to you 100%.

? JOINT LIFE COVER: A joint life income and cover option is available.

? GUARANTEED INCOME: Guaranteed income is provided for the short, mid, and long term as per your comfort.

EXAMPLE 1: HOW THE PLAN WORKS (TATA AIA FORTUNE GUARANTEE PLUS PLAN)

Pay a premium of ?5 lac p.a for 10 years, wait for 5 years and get ?7,75,046 for 30 years with ?51,62,500 as return of premium at maturity

Total Income - ?2,84,13,884

(Male, Age 35 Years)

EXAMPLE 2: HOW THE PLAN WORKS (BAJAJ ALLIANZ ASSURED WEALTH GOAL - ASSURED INCOME)

LET’S UNDERSTAND THE PLAN WITH ONE STORY

Vijay is a married IT professional who wants to create an additional source of income.

He invests in Assured Wealth Goal - Assured Income

Vijay is a married IT professional

? Invest in FDs & Mutual Funds

? His regular expenses - Home & Car loan

EMIs, child's school fees and household expenses

He wants to create an additional source of income.

BUT WHAT HAPPEN IF HE DIES?

General Insurance

INTRODUCING CARE HEALTH SUPREME, THE COMPREHENSIVE HEALTH INSURANCE PLAN FOR YOU AND YOUR FAMILY

Care Health Insurance aims to provide its customers with exceptional health and financial security. To accomplish this objective, they have introduced Care Supreme, a comprehensive health insurance plan with extensive and unique benefits at the best possible value. This newly launched health insurance cover is for individuals and families, and it helps families to expand their healthcare safety within affordable pricing.

Care Supreme takes care of all major features, including hospitalization, AYUSH Treatment, Domiciliary Expenses, modern Treatments, and organ donor coverage up to the Sum Insured with no capping. In addition, this plan offers add-on coverages that enhance the product's beauty, such as Instant Cover, which covers pre-existing diseases from the 31st Day, cumulative super Bonus that boosts your Sum Insured up to 500% in 5 Consecutive years, and Wellness Benefit, which provides up to a 30% discount on renewal premium for achieving your active days target and so on.

HIGHLIGHTS OF THE PRODUCTS

PRODUCT BENEFITS OF CARE SUPREME

? Sum Insured Options Available - 17L/10L/15L.

? Min Entry Age - 91 days with at least 1 Adult & 18 years age & Max. Entry Age:- Child: 24 years & Adult: No Age Limit.

? Up to 600% Of Cumulative Bonus (150%, 150%, 100%,100%, 100%).

? Unlimited Automatic Recharge ( Recharge available for unlimited times for related or unrelated illnesses).

? Highest Category Room Can be Taken (Even Deluxe, Semi Deluxe, Super Deluxe, and Suit Room too).

? Advance treatment too Covered Up to 100% of the Sum Insured.

? AYUSH Benefit Covered Up to Sum Insured.

? In Patient Care Up to SI.

? All Day Care Treatment cover.

? ICU No Limit.

? Pre-Hospitalization 60 Days up to SI.

? Post Hospitalization 180 Days up to SI.

? Domiciliary Hospitalization Up to SI.

? Organ Donor Cover Up to SI.

? Advance Technology Methods Up to SI.

? Road Ambulance Covered (Below 15 Lakh SI 10000 per year & For 15 Lakh SI –Up to SI).

? Air Ambulance Covered Unto 5 Lakh (Optional).

? Unlimited E- consultation.

? Earned Bonus will not Reduce after Claim.

? Wellness Benefits ( Discount on Renewal Premium).

? Annual Health Check-up (optional).

Customers opting for INSTANT COVER (Optional Benefit) will be able to claim for any hospitalization related to Diabetes/ Hypertension/ Hyperlipidaemia/ Asthma after an initial wait period of 30 Days. The instant Cover benefit is applicable in policies where Diabetes/ Hypertension/ Hyperlipidaemia/ Asthma is declared as Pre-Existing Disease in the policy.

Note: Instant Cover optional cover can be added to the policy at the time of New Policy purchase & cannot be added to the policy at the time of renewal.

HOW MUCH DOES IT COST WITH INSTANT COVER - FEW EXAMPLES

Mutual Funds

INVESTORS IN MUTUAL FUNDS CAN BE DIVIDED INTO THREE TYPES:

? The first group comprises individuals who are willing to take a risk and invest in Equity Funds.

? The second group consists of those who want to be safe by investing in debt funds that provide some returns while keeping their money safe.

? The third group includes those who wish to get the best of both worlds by investing in hybrid funds. Within the equity category, there are various subcategories of mutual funds. Two of them are multi-cap and hybrid funds. While these fund types invest in companies with varying market capitalisations, their methods differ.

LET’S UNDERSTAND WHAT ARE FLEXI CAP FUNDS:

Flexi-cap funds invest in companies with a range of market capitalisations, including large-, mid-, and small-cap equities. Unlike multi-cap and small-cap funds that invest based on market capitalization, flexi-cap funds allow investors to diversify their portfolios by investing in firms with varying market capitalisations, reducing risk and volatility.

The fund manager evaluates the growth potential of various businesses, irrespective of their size, and then allocate funds to different market segments and businesses.

Benefits of Investing in Flexi Cap Funds:

? Fund managers have the freedom to invest across the market capitalization spectrum.

? An equity strategy that is well-diversified with a 'go-anywhere' attitude is provided.

? Investors are able to capitalize on opportunities throughout the market spectrum, regardless of sector, style, or market capitalization.

? The strategy aims to take advantage of investment possibilities across the board.

? Through a diverse portfolio, it effectively balances risk and reward.

LET’S UNDERSTAND WHAT ARE HYBRID FUNDS:

Hybrid funds invest in equity and debt products to achieve diversification and prevent concentration risk. A proper mix of the two provides better returns than a traditional debt fund while avoiding the risks of equity funds. The type of hybrid fund one should choose is determined by the investor's risk tolerance and investing objective. Hybrid funds use a balanced portfolio to produce longer wealth growth while generating short-term income. The fund manager divides your money between equities and debt in variable quantities based on the fund's investment objective and may buy or sell securities to profit from market fluctuations.

HOW DO HYBRID FUNDS WORK?

Hybrid funds invest in multiple asset types depending on the scheme's investment objective. They may allocate their investments among various asset classes, including stocks, debt, gold-related products, cash, and others. Asset allocation is determined based on the investment objective and market conditions to achieve optimal risk-adjusted returns.

FLEXI-CAP FUNDS VS HYBRID FUNDS

CONCLUSION:

If you can withstand market volatility and stay invested for a longer duration, you will be able to achieve bigger returns than other categories. Even if you want to start with risky funds, make sure to begin with a low amount and diversify your portfolio with at least two different funds. A mix of both equity and debt would be better.

Disclaimer:?Bajaj Capital Limited (‘BCL’) has taken due care and caution in presenting the 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 with 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 the 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 a solicitation for any product or service. 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 herein 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))