You have scaled new heights in your career and made a mark in society. Your kids have grown up and are ready to spread their wings. You're enjoying the lifestyle your younger self would have envied and it has taken a lot of struggle and hard work to be here. Now, with the ever increasing inflation, resulting into increased cost of living, maintaining the same lifestyle in the years to come would be difficult. But this is possible, if you start planning now. At this stage, you would want to pay off your liabilities and build a corpus for yours and your children’s future.
Also, with increasing life expectancy, the major expense during your retirement would be the healthcare costs. So, it is essential that you start retirement planning today by investing in the right insurance plans.
LOOKING FOR INSURANCE PLANS TO Secure YOUR Child's future?
Here's some food for thought
Boost your wealth through market linked returns or bonuses
In addition to term life insurance plans, opt for market linked or traditional plans, as per your risk appetite, as this will give a boost to your savings.
It helps when you have the option to make withdrawals/opt for loans, during the policy term to meet sudden expenses because you are sole breadwinner for your family.
Commit to a separate Retirement Plan
Post retirement, you will have to depend on your savings. Therefore, in addition to investing for your children’s future, now is the time to start increasing the investment towards your retirement corpus. You should ensure that your retirement corpus will remain untouched by sudden financial demands including healthcare cost.
Enjoy Tax benefits
You can enjoy tax benefits as per prevailing norms under the Income Tax Act, 1961
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on riders, terms and conditions, please read rider brochure.
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.