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What is an Annuity/Pension Plan? Annuity is an insurance product that pays income and can be used as a part of retirement planning . You need to make an investment in the annuity and it makes payments to you on a future date. The payments are determined on length of your payment period. Why Do I Need A Pension Plan ? Retirement is a stage which comes in every working individual’s life, which can give rise to apprehensions in terms of income and maintaining one’s lifestyle. Post retirement, an individual’s source of income may no longer be there, forcing them to change their lifestyle. At such a time, a Pension Plan ensures that you continue receiving regular income after your retirement, once the regular work paychecks cease. After working for a major part of your life, a retirement is a well-deserved time, during which you should enjoy life. A pension plan will help fund the activities remaining on your bucket list, while also allowing you to be financially independent. ...

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

What is a ULIP? ULIP is a financial instrument that offers customers best of both the insurance and the investment world. ULIPs are provided by insurance companies to customers who want to avail insurance as well as grow their money while at it. ULIPs offer customers insurance cover as well as a choice to capitalize on various investment tools like stocks, bonds and mutual funds. The double benefit of protection combined with freedom to choose your investment avenue makes ULIPs a truly popular financial instrument among customers. Why you Should Buy ULIPs: A ULIP provides investors with a number of advantages, which are listed below: ·          Flexible: ULIPs offer investors the option of switching between funds, resulting in better choices to the investor. Investors can choose to invest in either debt or equity funds depending on their risk appetite and market conditions. ·          R...

LIC Jeevan Pramukh Plan is a special category plan as it is a Life Insurance Policy especially for the Very High Net Worth Individuals. It is basically an Endowment Plan with Limited premium Paying Term which caters to the requirements of very high net worth individuals. In this plan, premium needs to be paid for a 3, 4 or 5 years but the life cover continues for the entire policy term of a maximum of 25 years. The Sum Assured + accrued Reversionary Bonus + Guaranteed Additions + Terminal Bonus, if any, would be paid to the Life Insured on the policy maturity or to his nominee on earlier death of the Life Insured. Hence this plan is a very simple Endowment Plan along with Bonus and Guaranteed Additions and Terminal Bonus, if any. This plan caters to the very high net worth individuals because the minimum Sum Assured is Rs 10,00,000. Key Features of LIC Jeevan Pramukh Plan ·          This plan is an endowment plans which is espec...

Life Insurance policies offer several different benefits to individuals. Following are the most important: ·          Risk Cover: Since uncertainties are unpredictable and may cause problems to an individual and his / her family at any time, availing a life insurance policy will ensure that your family and dependents continue to enjoy a quality lifestyle in case of your unforeseen and accidental death. ·          Comprehensive Plan for Different Stages of Life: Not only does life insurance offer financial support in case of the policyholder’s unforeseen and accidental death, but also serves as a long-term investment in the sense that it encourages you to lay down your objectives, whether it is the education of your children, their marriage, constructing the home of your dreams, or even planning for a peaceful retired life. The planning will be done based on your risk appetite and life stage. ...

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

The benefits of health insurance are listed below: Online buying facility Gone are the days when customers had no other option to buy insurance policies except through agents. Policies can now be easily bought online courtesy specialized insurance brokers who can make a comparative analysis (merits and demerits) of various products offered by different insurance companies for the benefit of customers who can choose the best health insurance plan most suitable to their requirements. Different premium payment scenarios Hitherto, the premium payments structures most health insurance policies in India were, by and large, the same. However, many companies such as  Star Health among others have set up a ‘Zone based premiums’ for towns and metros. Consequently, health insurance policies are costlier in metros compared to towns given the higher medical expenses which may be incurred in the former. Coverage In the recent past, insurance companies are providing a wide r...