July 31, 2019 9:25 am,
Why some individuals are more successful with investments? because they are taking the right decisions at the right time. So, start early before it gets too late
Are you looking out to invest your money which will get you returns more than fixed deposits? Are you planning to invest in the best selling insurance plan? Then you must consider HDFCLife Sanchay Plus Plan.
Sanchay Plus is with 100% guaranteed return plan. This is much more than investing in Fixed deposits. Fixed deposits won’t get you the Insurance coverage. But Sanchay plus does!. It has no market risk involved. Guaranteed benefits on maturity.
So if you are looking for higher returns than fixed deposits + Life cover then HDFCLIfe Sachay Plus is the best plan to go for.
The death benefit is the same as all other plans. This is applicable only if the demise happens during the term of the policy.
Let’s take an example.
You are 30 years old. You purchase a variant with 10-year payment term and 20-year policy term.
You pay an annual premium of Rs 1 lac. Including GST, you will pay Rs 1,04,500 in the first year and Rs 1,02,250 in the subsequent years. You will get the maturity amount on completion of 20 years.
In this case, Guaranteed Sum Assured on Maturity is Rs 10 lacs.
At maturity (completion of 20 years), you will get Rs 10 lacs + Rs 14 lacs = Rs 24 lacs. (this amount is exempt from tax). So, HdfcLife Sancjay plus provides Tax benefits too.
IRR comes out to 5.56% p.a.+Life Cover.
So, taking life insurance at the earliest is another financial planning tip for the family breadwinner. Anyone with a family needs to make sure his loved ones are secure – at least in a financial sense – when he is gone. The earlier one opts for life insurance, lower the premium. As you age, insurance premiums get expensive and if you are beset with health problems, you could end up paying even higher premiums.
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