You have scaled new heights in your career. 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 hardwork 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 your and your child's future. Also, with increasing life expectancy, the major expense during your retirement would be the healthcare costs. So, it is essential that you plan for your retirement today.
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
To give a boost to your savings, opt for market linked or Traditional plans, as per your risk appetite.
It helps when you have the option to make withdrawals/opt for loans, during the policy term to meet sudden expenses.
Commit to a separate Retirement Plan
The lifestyle you have come to enjoy is difficult to maintain without the same income as today, unless you plan for it well in advance. Now is the time to start increasing the investment towards your retirement corpus that will remain untouched by sudden financial demands including healthcare costs.