Features of Best Saving Plans

1
Saving Plans
2
Features of Best Saving Plans In the journey of
life there will be good and bad times. However,
it is necessary to save money for the bad times.
To save for the bad times, you need to have for a
regular saving habit which can be effective with
the help of a sound and effective savings plan.
There are various instruments such as gold,
silver, equities, mutual funds and bonds
available in the market for saving and investment
purposes Savings plan offered by insurance
companies act as a modern tool for savings. These
Saving Plans offer you an insurance cover on your
life as well as help you grow additionally
through the market linked investments. The
savings plan helps you meet the financial crunch
during the time of contingencies. The income
source, numbers of dependents, their financial
requirements and goals, inflation rate, etc. are
taken into consideration for building up a saving
plan. Savings plan can be customized as per the
needs of the individual.
3
You must take some factors into consideration
while buying a savings plan First you need to
determine the time period of your savings plan.
Consider the factors like the income of the
person, the family needs, the financial goals of
the family members, assets and debts that you
need to work upon. Once you work on these factors
you can expect good returns in the long run.
Also check the charges which are applicable on
a savings plan like administrative charges, funds
switching charges and processing fees are some of
the charges that are applicable. The charges are
flexible in terms of cash, receipts and the term
of the policy.
4
Every plan is different from another plan. When
you buy Saving Plans you can make partial
withdrawals by surrendering a certain part of the
policy at the time of retaining the benefits. You
will get bonus which is decided by the company.
Some of the savings plan covers you for lifetime
while some cover only for a specific period.
You should be aware of your risk appetite and
understand the income source in your hand. You
can invest in equity funds and then switch to
debt funds to earn steady long term results.
Generally when you buy a Saving Plans at a young
age go for equity funds so that when you book
profits you can move them to debt funds and build
up sure short returns for better financial
security.
5
Follow Us On
https//www.facebook.com/bajajallianzlifeinsurance
ltd
https//www.linkedin.com/company/bajaj-allianz-lif
e-insurance-co-ltd-
https//plus.google.com/bajajallianz/posts
https//twitter.com/bajajallianzLIC
https//www.youtube.com/user/jiyobefikar
https//instagram.com/bajajallianzlifeinsurance
6
Click To Know More OnSaving Plans

• https//www.bajajallianzlife.com/savings-plans/sav
  ings-plans.jsp