People spend their whole lives working hard for their family
and loved ones. Holding on their professional life and creating a valve of
greater professional goals helps people to establish a strong financial excellence.
People tend to believe in investing their finances into something which is more
beneficial and helps in sustaining financially secure future. Investments are
broadly defined as abstracts like, time, energy, or matter which is spent for
creating a hope of futuristic based benefits. These benefits are expected to be
acquired within a specific date or time. For many people investments can have
different meanings depending upon their personal beliefs. In finance,
Investments are defined as a process of putting money into creation of assets
with a positive expectation of capital appreciation, dividends and earnings.
Insurance in Modern days is considered to be the best option for futuristic
benefits.
Investment insurance plans basically aim for target audience
which understand the market risks and want to insure the investments that they
own. Insurance not only provides them with safety coverage of their investments
but also helps in providing tax exemptions on investments. INVESTMENT-PLAN Therefore
making them a tax free investment. Investing for beginners is much easier than
at the later stage. For beginners the rate of premium is much more less than at
the latter stage. In case of occurrence of death of the insurance holder the
benefits are given to the nominee chosen by the insurance holder. An investment
insurance plan has a specific time frame till which an insurance holder needs
to pay premiums. This Time frame is selected by the insurance buyer at the time
of buying the policy. Ulip
Plan or Unit Linked Plan is defined as a combination of insurance as well as
investments. The premium paid by the policy holder is utilized by the insurance
provider to provide insurance cover back to the policy holder whereas the rest
of portion is invested in various equity and debt schemes. Unit linked policy
holders are given features like top up facilities along with an option of
switching funds during the tenure of the policy.
Source: http://www.policyx.com/blogs/562/
