Plans allow systematic enhancement of wealth with insurance
Saving monthly is an important part of managing finances, but as important is to keep that money safe and let it grow while it is being saved. Though there are a few other options for the same, insurance has come up as one of the best and rather popular investment alternative. It covers your life, besides providing Risk free profits. Indian insurance companies, public as well as private players, offer various investment insurance options with reasonably priced premium.
While with endowment insurance plans you get a lump sum on maturity, money back plans are good for life stage planning as you get the maturity benefit in parts at regular intervals. Insurance investment plans help identify important events and life stages and plan finances for them. Whatever your goal, you can find something that will fit your bill.
For traditional investment plans the returns are fixed and limited but safe and for market linked investment plans (ULIPS) there is some investment risk involved and returns may vary as per the market condition. Yet, investing in savings insurance plans has become one of the most Favorited means of growing the savings without any losses.