Money Multipying News

INSURE YOUR FAMILY'S FUTURE WITH ZERO-COST TERM INSURANCE A POLICY THAT INCLUDES THE MOST ADVANCED FEATURES

Is it necessary to purchase a term insurance plan if you are the primary earning member of your family or if your loved ones depend on you financially?

The answer to this question is affirmative, but why is it crucial? To understand this better, let's consider an example of a family of four. Both children are in school, the mother is a homemaker, and the father, who is 35 years old, is the sole breadwinner earning an annual income of ?20 lakhs. If, unfortunately, something happens to the breadwinner, the dependents are left with some crucial questions that will determine the family's future.

Q1. Will the family/dependents be able to continue with the same lifestyle?

Q2. Will the family/dependents continue to stay in the same accommodation?

Q3. Will the children of the family receive the same level of education that their father had dreamt off?

If the answer to any of the above questions is no, then you immediately need a?‘Term Insurance Plan’ to safeguard the family.

LIFE INSURANCE

LIFE IS FULL OF UNCERTAINTY, AND WE NEVER KNOW WHEN WE MIGHT FACE SOME HARSH REALITIES. THESE TRUTHS CAN COME KNOCKING ON OUR DOOR AT ANY MOMENT.

1. Anyone can buy Term insurance as it is the most affordable form of life insurance, and the premiums are quite inexpensive, as low as ?19 per day for coverage of ?1 Crore. T&C Apply.

2. The term plan acts as a replacement for your income, ensuring that your loved ones are not financially burdened if something happens to you.

WHAT AMOUNT OF INSURANCE SHOULD YOU HAVE TO MAKE SURE YOUR GOALS AND ASPIRATIONS ARE PROTECTED?

INTRODUCING HDFC LIFE CLICK TO PROTECT SUPER PLAN - NOW EXPERIENCE THE POWER OF ADVANCED TERM INSURANCE

1. Understanding Zero Cost Term Insurance – Get 100% Refund of Premium Anytime (Smart Exit Benefit)

2. Flexibility to vary life cover

3. Life Stage Option - Upgrade your coverage with Life Stage Option as your responsibilities upgrade!

4. Renewability at Maturity - Get the flexibility to extend your coverage period!!

5. Comprehensive Life + Health Benefits - 360° protection coverage

FUTURE-PROOF YOUR LIFE WITH THE ADVANCED TERM INSURANCE PROTECTION

MUTUAL FUNDS

Every individual possesses distinct financial needs, consequently leading to the formulation of a unique investment plan for each investor. While certain investors opt for investing a lump sum amount, others prefer a more gradual approach by utilizing a systematic investment plan (SIP). Moreover, investors may have varying objectives, with some seeking capital growth and others desiring a consistent income stream from their investments. To cater to the diverse expectations of different types of investors, fund houses provide various tools and facilities. Among these offerings, a notable option is the Systematic Withdrawal Plan (SWP).

DEMYSTIFYING THE SYSTEMATIC WITHDRAWAL PLAN (SWP): EMPOWERING INVESTORS WITH FLEXIBLE WITHDRAWALS

A Systematic Withdrawal Plan (SWP) is a valuable offering provided to investors, enabling them to regularly withdraw a predetermined amount from a mutual fund scheme. With SWP, investors have the freedom to determine the withdrawal amount and frequency, tailoring it to their specific needs. Additionally, investors can choose to withdraw solely the gains earned on their investment while keeping their initial capital intact. On the designated date, units from the investor's portfolio are sold, and the funds are seamlessly transferred to their designated account.

KEY FEATURES OF SWP:

? Regular Redemption Facility:?SWP facilitates the systematic redemption of units at regular intervals.

? Customizable Withdrawal Frequency:?Investors have the flexibility to select the desired frequency for their withdrawals, whether it be monthly, quarterly, or annually.

? Withdrawal Options:?Investors have the choice to withdraw a fixed amount or opt for capital appreciation alone, preserving their invested capital.

? Ideal for Steady Income:?SWP serves as an excellent tool for investors seeking a consistent income stream from their investments.

ADVANTAGES OF SWP:

1. Harnessing Rupee Cost Averaging for Enhanced Returns:

One of the significant benefits of opting for a Systematic Withdrawal Plan (SWP) is the utilization of Rupee Cost Averaging. Regardless of whether you purchase or redeem units in instalments, this strategy proves advantageous. In a volatile market, when redeeming all units together, the timing of the sale becomes crucial for securing favourable profits. If units are sold during a market slump, the potential for diminished profits arises. However, when employing an SWP, a specific number of units held by the investor are systematically redeemed at regular intervals. Consequently, there will be instances when the market is thriving on the redemption date and others when it is experiencing a downturn. If the market is performing well and an SWP for a fixed amount is chosen, fewer units will be redeemed compared to times when the market is bearish. This practice effectively averages out returns and safeguards against potential losses that could arise from selling units during a bearish market. Allow me to provide an example to illustrate this concept: Let's consider the case of Mr X, who invested ?5 lakhs in a mutual fund scheme in April 2019. At the time, the scheme's Net Asset Value (NAV) was ?500, and he acquired 1000 units. After 5 months, he decided to withdraw ?2.5 lakhs from his investment. In contrast, Mr. Y invested the same amount in the same scheme, at the same NAV. However, he opted for an SWP of ?50,000 per month for a duration of 5 months. Let's examine the outcome:

For the purpose of this example, let's assume the following NAV values for the scheme over the 5-month period:

In September, when Mr. X proceeds with a withdrawal of ?2.5 lakhs from his investment, a total of 502 units are redeemed (250,000 divided by 498). Consequently, he retains 498 units, with the remaining value of his holdings amounting to ?2,48,004.

Now, let's shift our focus to Mr. Y's holdings. As he has chosen an SWP of ?50,000 for a duration of 5 months, let's delve into the outcomes:

2. Optimal during a Bull Run :

While most investments yield substantial returns during a bull market, opting for a Systematic Withdrawal Plan (SWP) can prove advantageous. If your annual withdrawal amount is lower than the returns generated by the scheme, your investment will sustain you for a longer duration compared to a bear market. Additionally, by capitalizing on the gains offered during the bullish phase through withdrawals, you can secure a profit.

3. Promoting Investment Discipline?:

Similar to how a Systematic Investment Plan (SIP) fosters a disciplined approach to investing, an SWP helps you resist the temptation of withdrawing significant amounts out of panic during market corrections.

EFFECTIVE UTILIZATION OF SWP:

1. Establishing a Reliable Secondary Income:?In the current era, supplementing one's income has become crucial to navigate the escalating cost of living. By investing in Mutual Funds and utilizing an SWP, you can create a dependable secondary income stream.

2. Crafting Your Own Pension:?Whether or not you possess a pension plan, you can construct a corpus approximately five years prior to retirement and invest it in a mutual fund scheme based on your risk tolerance. Upon retiring, initiating an SWP enables you to establish your own pension.

3. Safeguarding Your Capital:?If you are highly averse to investment risks, an initial investment in Arbitrage Mutual Fund Schemes can be considered. These schemes offer assured returns with minimal risk. Opting for the dividend option and channelling the dividend into a debt scheme through SIP can be a prudent strategy. Eventually, commencing an SWP allows you to earn regular income while safeguarding your capital. SUMMING UP Undoubtedly, a Systematic Withdrawal Plan (SWP) proves to be an invaluable tool in one's financial arsenal. Regardless of whether you are a novice or a seasoned investor, leveraging an SWP can effectively propel you towards achieving your financial objectives.

SUMMING UP

Undoubtedly, a Systematic Withdrawal Plan (SWP) proves to be an invaluable tool in one's financial arsenal. Regardless of whether you are a novice or a seasoned investor, leveraging an SWP can effectively propel you towards achieving your financial objectives.

GENERAL INSURANCE

Care Health Insurance has made significant efforts to provide superior health and financial security. As part of this commitment, we are proud to introduce Care Supreme - a comprehensive health insurance plan that offers extensive and unique benefits at an exceptional value. Care Supreme is a newly launched health insurance cover designed for individuals and families, aiming to expand healthcare safety within affordable pricing. The policy takes care of major features, including hospitalization expenses, AYUSH treatment, domiciliary expenses, modern treatments, and organ donor coverage up to the sum insured without any capping. Moreover, this plan offers add-on coverages that enhance the attractiveness of the product. For instance, the Instant Cover feature ensures coverage for preexisting diseases from the 31st day of enrollment. The Cumulative Super Bonus allows you to boost your sum insured by up to 500% over five consecutive years. Additionally, the Wellness Benefit provides up to a 30% discount on renewal premiums for achieving your active day's target, among other benefits.

PRODUCT BENEFITS OF CARE SUPREME

? Sum Insured Options Available?- 7L/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. 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 in the policy at the time of New Policy purchase & cannot be added in the policy at the time of renewal.

HOW MUCH DOES IT COST WITH INSTANT COVER - FEW EXAMPLE

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