At various life stages, one need funds. An individual need to build the corpus. Whether the need is for child’s education, marriage or retirement savings. When one starts looking up for various ways to build funds, one tends to look investment plans where your money grows while you sit back. Because of the number of investment avenues, there is no simple solution to it.
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Investment plan is the simplest ways to build wealth over the time. Life insurance companies offer various investment plan options. These are the wealth creation products for the future when you will require it. It requires planning and understanding of different options available.
Types of Investment Plans
- ULIP Plan
- Endowment Plan
- Money Back Plan
- Fixed Deposit
- Public Provident Fund
- National Saving Certificate
- National Pension Scheme
- Mutual Funds
- Tax Saving Mutual Funds
- Bonds
Benefits of Investment Plans
- Wealth Creation
- Financial Protection
- Death Risk Coverage
- Retirement Savings
- Flexibility
- Save Taxes
- Loan Facilitator