LIC Agent in Nagpur

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LIC INSURANCES Short Term Investment Plan : 

What do you  mean by Short Term Investment Plan?

          There is no such standard definition. However, ideally any goal, which is less than 5 years, considered as a short-term goal. Let us understand that, again in such short-term goals few are very sure to come. For example, if your kid age is currently 16 yrs then he/she may need cash after 2 years for graduation. This you cannot avoid or postpone. Apart from such goals, you may also have some goals like buying a car after 3 years. This either you may prep one or postpone it and I think it will not affect so much to you. So few goals may be definite in nature and few indefinite. When we have any such definite goals, then one must not take any risk and always be specific about decisions. However, for goals, which may be of an indefinite nature, then you can retain this, take flexible decisions or can drop it (if it is not feasible for you).

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