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Understand how to get the best coverage for your payment! Life is full of uncertain events, without warning. A life insurance plan can act as a cushion for your family's financial security against such uncertainties. Such a plan will act as the income replacement for your family members. However, when it comes to taking the final step of purchasing a term plan , most of us are often confused about the amount of life cover to opt for, policy period, which insurer, and what plan to buy? To help you make an informed decision, here are a few tips. 1: Think About Your Life Stage & Number of Family Members When Determining Cover Amount Your dependent family members may vary at different life stages. Financial responsibilities of a single person are the not the same as that of a married one or one with kids. The cover amount should be chosen accordingly. Don’t forget to keep an eye out for the future and plan for increasing financial responsibilities. 2: Think of H

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1.        SIPs are lighter on your wallet – You don’t need a lot of money to start a SIP , you can start with as little as Rs. 1,000 a month (or in some cases, even Rs. 500 depending on the fund). It’s not much, is it? That’s probably how much you might spend on a movie or dinner date. It’s easy to invest Rs. 1,000 a month, and the best way to do it, is to invest it before you spend on leisure. When you get your paycheck, set aside what you need for routine expenses, invest, even save some, and then splurge to your heart’s content. 2.        SIPs give you flexibility – With SIPs, you can choose your investment amount, the number of months you want to invest, the frequency of your investments and the date you’d like to invest on. You can even pause your SIP if required, or cancel it (however, we wouldn’t recommend this until you reach your goal). 3.        SIPs inculcate investing discipline – With a SIP, your investments take place regularly, irrespective of how the marke

There are several parameters to be considered before you invest in a health insurance plan . Some of them are- ·          Your budget- One needs to consider the financial budget of the family, based on which he/she invests in a health insurance plan that covers all risks related to health of the insured and their family members. ·          Co-payment- Another consideration factor that one must consider is whether or not the health insurance plan provides a co-payment facility. A standard feature, co-payment is defined as a fixed percentage of each claim amount that has to be paid by the insured. ·          Number of family members covered- While investing in a health insurance plan , one must always consider the number of family members that shall benefit from the policy. Most insurance providers cover up to 4 to 6 family members under a family floater health insurance plan in India. ·          Claim settlement process- Claim settlement was a cumbersome process w

Just dial 9373284136, CFP certified financial planner, to know more #cfp   #certifiedfinancialplanner   #mywealthapp #mutualfundsagentinnagpur   #licagentinnagpur jayant@jayantharde.com www.jayantharde.com #gurukripainsuranceandinve stment

Here are a few key reasons why people invest in mutual funds . 1. Built-in diversification When you buy a mutual fund, your money is combined with the money from other investors, and allows you to buy part of a pool of investments. A mutual fund holds a variety of investments which can make it easier for investors to diversify than through ownership of individual stocks or bonds. Not all investments perform well at the same time. Holding a variety of investments may help offset the impact of poor performers, while taking advantage of the earning potential of the rest. This is known as diversification. 2. Professional management You may not have the skills and knowledge to manage your own investments or want to spend the time. Mutual funds allow you to pool your money with other investors and leave the specific investment decisions to a portfolio manager. Portfolio managers decide where to invest the money in the fund, and when to buy and sell investments. 3. E

A mutual fund is formed when capital collected from different investors is invested in company shares, stocks or bonds. Shared by thousands of investors (including you), a mutual fund is managed collectively to earn the highest possible returns. The person driving this investment vehicle is a professional fund manager. Investing in mutual funds is the easiest means to grow your wealth. This is why the fund manager’s expertise (thereby the fund house’s reputation) is an important factor to consider. All mutual funds are registered with SEBI (Securities Exchange Board of India) and therefore, quite safe. Why Mutual Funds Mutual funds offers various features and benefits as an investment method, hence making it the most lucrative investment option. ·          Expert Money Management Individual investors may not have the time or professional expertise to decide which fund to invest in or how to. A mutual fund company employs professional managers to manage the money

Just dial 9373284136, CFP certified financial planner, to know more #cfp   #certifiedfinancialplanner   #mywealthapp #mutualfundsagentinnagpur   #licagentinnagpur jayant@jayantharde.com www.jayantharde.com #gurukripainsuranceandinve stment

As the name implies, term insurance provides protection for a specific period of time and generally pays a benefit only if you die during the “term.” Term periods typically range from one year to 30 years, with 20 years being the most common term. Advantages One of the biggest advantages of term insurance is its lower initial cost in comparison to permanent insurance. Why is it cheaper when initially purchased? Because with term insurance, you’re generally just paying for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy. With most permanent policies, your premiums help fund the death benefit and can accumulate cash value. Term insurance is often a good choice for people in their family-formation years, especially if they’re on a tight budget, because it allows them to buy high levels of coverage when the need for protection is often greatest. Term insurance is also a good option for covering needs that will d

If you've been considering a whole life insurance policy , you understand that unlike term life insurance (which provides coverage for a specific time period), a whole life policy is permanent, and designed to provide coverage for your entire lifetime. However, what you may not know is that there are many financial benefits contained in a well-designed whole life insurance policy that stretch beyond the death benefit protection it provides. When selecting life insurance , you should consider all your available options. To be helpful, we've put together a short list highlighting just a few of the financial features associated with a quality whole life policy. 1. Whole life insurance protection The cash value that your whole life policy accumulates isn't subject to stock market volatility. 2. Cash Value growth Regardless of how stock markets perform, your cash value grows at a fixed rate. Over time, your policy builds cash value that is not subject to stock

If you are a parent, you’d know how having your first child is the joy of all joys. Right from the early days of nurturing to good quality education to shape up her future, there are several key milestones in a child’s life that even parents go through in molding their child into a responsible adult. To achieve such milestones without any hassles, it is imperative that financial planning be done at an early age. As children grow, they are often asked what they want to be when they grow up. Doctors, Engineers, Pilots, Architects are some of the popular replies. However, the spiraling cost of education can maim their long-standing ambitions. To meet the educational expenses in a convenient way, insurers have launched child plans. Child Plans  are special insurance plans that offer maturity benefits along with insurance cover. They provide required economic support to meet your child’s education expenses at key milestones in life. They are an integral part of financialplanning fo

Just dial 9373284136, CFP certified financial planner, to know more #cfp   #certifiedfinancialplanner   #mywealthapp #mutualfundsagentinnagpur   #licagentinnagpur jayant@jayantharde.com www.jayantharde.com #gurukripainsuranceandinve stment

The early bird catches the worm. It stands true even in the case of retirementplanning . Your early 20s are a good time to start investing, as you start earning money. However, for most of the young people, retirement planning doesn’t seem to cross their mind. Here are some reasons why you should reconsider. The Impact of Compounding By starting early, you give your money more time to compound. In fact, Einstein described compounding as the 8th wonder of the world. He said, “He who understands it, earns it... he who doesn't... pays it.” A quick head start gives you the flexibility to put aside smaller amounts and still achieve a huge corpus as compared to someone who delays investments, even if he pays more! Consider this:              Case 1 – Started Early Case 2 – Started Early Starting Age 25 35 Retirement Age 60 60 Invested for 35 years 25 years