We can compare your current insurance coverage against a variety of insurance companies to find out who offers the best deal.
We will also review your current coverage and advise you if we see that you are either over-insured, under-insured, or if we have other recommendations for your specific situation.
Various retirement plans in India ensures a safe and tension-free retirement. They are among the most popular choices for retirement planning. Since there are many different types of pension plans in India, it is important to analyze your financial needs before you decide to choose a retirement plan.
Many of us rely on personal savings as a retirement planning option. While the salaried individuals will get have pension income after retirement and the self-employed will have savings, opting for a pension plan early on in life always works as a lifesaver.
Since most people have only one source of income, having a retirement corpus to fall back on during the golden phase of your life will be quiet comforting. The corpus ought to be adequate enough to take care of your future financial emergencies.
In case you have any dependents then life insurance serves as the primary option of income replacement for those who depend on you. In case you don’t have any dependents then you can invest your income in different investment instruments where it can multiply and you can receive a good return on your investment at a particular time period. Moreover, having an insurance policy at an early stage of life is much easy as the premium rates are relatively less and the policies offer higher coverage as compared to the policy you buy in the later stage of life.
By being financially independent, you will not become a burden for your children during your post-retirement life. This will not only give you mental peace, but it will also give your family (children) a sense of satisfaction that their parents are financially sound.
Retirement Planning doesn’t have to be boring. Since investing only in retirement plans may not be enough to support your financial situation after retirement, you consider putting your money in different investment instruments for long term capital appreciation and return. Moreover, various investment plans also provide a tax advantage to individuals
Much before you reach your old age and get retire start saving money according to your retirement needs. For example, as you age the medical expenses automatically increases so secure yourself and your family with proper health insurance so that in case of any critical illness you are covered entirely. Do give a thought on many other factors like which city you want to settle after retirement, a major investment that can take place after retirement etc.