80-Lakh Investment Plan

 

Every young professional today understands the importance of planning their finances for the future. In today’s fast-paced world, prudent planning can help you achieve your long-term and short-term goals. An 80-lakh investment and savings plan enables you to build a corpus for the future while providing the added protection of life insurance coverage. Let’s better understand how to use a investment and savings plan to achieve your aspirations.

What is an 80-Lakh investment and Savings Plan?

An 80-lakh investment and savings plan helps you accumulate a significant corpus of 80 lakhs over the selected tenure. You invest your savings in the policy at regular intervals. Over time, you earn returns that get reinvested for exponential growth. On maturity, you receive an accumulated corpus of 80 lakhs, which you can use to fulfil your financial aspirations. The plan also provides life coverage for the policy tenure. Your beneficiary or heir will receive a payout if anything happens to you during the policy tenure. The amount enables your loved ones to maintain financial stability during a difficult time.

How Does an 80-Lakh Investment and Savings Plan Work?

Your 80-lakh investment plan leverages the power of compounding for exponential wealth growth. When you purchase the policy, you agree to put an amount into it regularly. The invested amount earns steady returns that get reinvested. At the end of the policy term, you will have 80 lakhs to fulfil your future goals.

Savings plans also offer life insurance coverage. It helps safeguard your family’s financial future, providing peace of mind.

Benefits of an 80-Lakh Investment and Savings Plan

You can opt for an 80-lakh policy to plan your future finances. Let’s see how the policy helps you.

• Safeguards Your Future
  An 80-lakh investment and savings plan helps you build a corpus for your future financial goals. The life insurance component secures your family’s future as well.
•  Fulfils Your Goals
  The corpus of 80 lakhs helps you realise your financial goals and dreams. You can use the amount to plan your retirement, fund your child’s higher education or purchase your dream home.
• Accumulates Wealth
  Investment and Savings plans help you build and accumulate wealth through the power of compounding. 
• Saves Taxes
  You can claim tax deductions under Section 80C^* of the Income Tax Act against the amount you put into your investment and savings plan.
• Safeguards Your Capital
  Investment and Savings plans do not expose you to risk. It safeguards your capital and provides guaranteed¹ returns, allowing you to plan for future expenses.

What to Consider When Investing in an 80-Lakh Investment and Savings Plan

When planning for the future, you should evaluate the following criteria to select the ideal 80-lakh investment plan for your needs.

• Your Goals and Timelines
  Clearly outline your future financial goals. Ensure you set a realistic timeline to achieve each one. You can identify investment and savings plans to meet your goals within the given time.
• All Available Options
  Before selecting a plan, evaluate all available options. Look for policies that offer enhanced benefits or better returns.
• The Insurance Company
  Your investment and savings plan offers life insurance coverage. Before choosing a plan, check the insurance company’s credibility and claim settlement ratio.
• Your Insurance Coverage
  You require adequate life coverage through your investment and savings plan to protect your family’s future. Calculate your Human Life Value (HLV) and choose a policy that provides coverage to meet your requirements.
• The Plan’s Historical Performance
  Check the historical returns of various investment and savings plans. While it does not guarantee future returns, they offer insights into potential returns. Find policies that provide consistency and stability.

80-lakh investment plans offer you the ability to secure your financial future, achieve goals, and accumulate a substantial corpus. Once you understand how these plans work, you can make informed decisions to fulfil your future aspirations. Well-structured 80-lakh investment and savings plans help pave the way for financial growth, security and success.

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