Investment Plans

While talking about investment plans and the world of investing, three words come to mind - intimidating, overwhelming, and scary. For a ‘regular Joe’ this question seems perpetual.

Best Investment Plans

Everyone wants to make investment so that they can gain maximum financial return without the risk of losing money. Investing in the right investment plan is important in this day and age, because earning money is not sufficient to fulfil the financial objectives of life. It is important to make the money grow. Just keeping your money ideally in the bank account is an opportunity lost.

For different stages of life one needs funds. One has to build the financial corpus - be it child’s marriage or education, or his/her retirement savings. While seeking different ways to build this financial corpus, one often tends to look out better investment plans and higher returns from them. Due to a number of investment options, there’s no simple and easy solution to it. However, the ease of different investment plans offered by various life insurance providers is one of the reasonable options available.

What is an Investment Plan?

Investment plans are financial products to create wealth for future and match financial goals by investing periodically in different investment plans, funds and schemes. Investment plans also offers comprehensive life coverage.

Best Investment Plans in India 2020

Here is the list of top investment plans

Investment Plans Plan Type Entry Age Maximum Maturity Age Policy Term Fund Options
Aegon iInvest ULIP 7 - 55 years 70 years 10/ 15/ 20/ 25 years 5
Aviva iGrowth Unit-Linked life Insurance plan 18- 50 years 60 years 10, 15, or 20 years 3
Bajaj Future Gain ULIP 1 - 60 years 70 years 10 - 25 years 7
Bharti AXA eFuture Invest ULIP 18 - 60 years 70 years 10 years 6
Bajaj Allianz Fortune Gain ULIP 1 - 63 years 70 years 7 - 30 years 7
Bajaj Allianz Retire Rich Unit-Linked pension plan 30 - 73 years 80 years 7 - 30 years 3
Birla Sun Life Vision Endowment Plan Endowment Plan 1 -55 years N/A 20 years N/A
Canara HSBC Smart Monthly Income Plan Monthly Income Plan 18-55 years 80 years 25 years N/A
Edelweiss Tokio Guaranteed Income Plan Endowment Plan 3 -55 years 65 years 15 years N/A
Exide Life Secured Income Plan Traditional Savings Plan 0-55 years 70 years 25 years N/A
Future Generali Easy Invest Online Plan ULIP 0-60 years 18-70 year 10-20 years 5
HDFC Life Click2invest ULIP 30 days - 65 years 75 years 5 - 20 years 8
HDFC SL YoungStar Super Premium Unit-Linked child plan 18 - 55/65 years 65/75 years 10 - 20 years 4
ICICI Pru Smart Life ULIP 20-54 years 20-64 years 10 - 25 years 8
IDBI Incomesurance Guaranteed Money back plan 18-55 years 65 years 10 years N/A
India First Maha Jeevan Plan Endowment Plan 5-55 years 70 years 25 years N/A
Kotak Assure Income Accelerator Plan Endowment Plan 0-60 years 85 years 15/20/30 years N/A
PNB Metlife Money Back Plan Money Back Plan 13-55 years 65 years 10 years N/A
Reliance Fixed Savings Endowment Plan 8-60 years 80 years 5/7/10 years N/A
SBI Life- Smart Scholar Unit-linked child plan 18-57 years (for proposer) 0- 17 years (for child) 65 years 8-25 years minus child's age at entry 7
SBI eWealth ULIP 18 - 50 years 60 years 10 - 30 years (both inclusive) 4
TATA AIA Secure 7 Plan Endowment Plan 18-55 years 69 years 14 years N/A
See More Plans
Disclaimer: “Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.”

Types of Investment Plans

Investment plans are of different types. Here’s a rundown to various investment plans in details:

  • Unit Linked Investment Plans (ULIPs)
  • Life Insurance Investments
  • Endowment Plans
  • Guaranteed Return Plan
  • Unit Linked Investment Plans (ULIPs):

    Unit Linked Plan,  commonly referred to as ULIP, is a type of investment plan that provides coverage wherein the money paid as premium by the investor is channelized into the stock markets. Each ULIP has a different set of funds that they invest in. Individuals who invest in the best investment plans get a certain number of units of the fund. These investments are based on the correlation of the fund value of the fund they are investing in and the premium the investors have put in.

    New age ULIPs, also called 4G ULIPs offer more flexibility in comparison to the traditional ULIPs, and at a relatively lesser cost. Moreover, the exemption of LTCG tax in the Union Budget 2018 made ULIPs even more popular. 4G ULIP plans have low charges and almost zero charges.

    The Unit Linked Insurance Plans are amongst the best investment plans option in India in case you are looking for some coverage cum investment options. The ULIP plans give both financial security and life coverage. And one of the best investment plans, ULIPs also give you the leverage to make direct market investments. ULIPs funds can be invested into equity funds or debt funds or both parts. The value of the debt fund or the equity fund is evaluated as Net Asset Value the criteria.

    Below is a brief on how ULIPs and Mutual Funds justify your investment needs:

    • Potential of Returns: The potential returns on ULIPs are lower since the ULIPs fall is a member of low-risk product, unlike a mutual fund product. The sum assured promised by the product is regardless of the return earned by the ULIP plan. Wherein mutual funds are differently featured as the equity mutual funds incur better returns than the hybrid returns and the hybrid funds give higher returns than the debt funds.
    • Liquidity: ULIPs can be anytime used for money withdrawal to get through any financial emergency. This totally depends on the investment tenure of the product. Although mutual funds are more liquid as the market exposure is higher than ULIPs.
    • Risk exposure: As one of the best investment plans, ULIP plans are less prone to risks because the simple ideas of ULIPs are to provide coverage. Although ULIP plans have a variety of scope to invest its funds the ULIPs needs to be handled diligently since they are basically insurance products. The risk associated with equity mutual funds are more than hybrid mutual funds and both are relatively riskier than a debt fund. Although an investor can put in their money after making a detailed study on the product NAV i.e. the Net Asset Value. 
  • Life Insurance Investments

    The best investment plans offer the policyholder both life cover plus the added advantage of saving fund. Life insurance investments are always chosen with a  long-term or a short-term objective, like buying a house, child's marriage, and education or just building up a corpus for future. The best investment plans act as a two-in-one solution.

  • Endowment Plans

    Endowment plans are the traditional form of insurance products that offer an individual a life cover with very low profit. Endowment plans are usually taken by individuals who are looking to increase the value of the fund plan but one which offers them guaranteed profits in lieu of a higher life cover.

    Endowment plans are the best investment plans for investors who are not looking for a large corpus but are actually more concerned about keeping their funds safe and secure and still receive a certain amount of profits on their assets.

  • Guaranteed Return Plan

    These plans offer a guaranteed amount of fund to a policyholder at the end of a specific investment plan term. The policyholder needs to compare and know that the guarantee he gets here is specific to set of terms and conditions of the plan. These conditions could be either:

    • Highest NAV, which is usually in Unit Linked Plan
    • Capital Guarantee, again offered by Unit Linked Plan
    • Maturity Guarantee, offered by traditional endowment plan

Best Investment Options Available in India

When it comes to investment, individuals look forward to investment options, which can give them high returns with no risk of losing the principal amount. Therefore, the investors are always on a hunt to invest in the best investment options, which can help them to double the invested sum within a specified time frame with either no risk to little risk.

However, it is to be noted that the investment options with absolutely no risk do not exist much. Moreover, risk and returns are two concepts that are related and simultaneously go hand in hand, which implies that higher the returns than higher will be the risk and likewise.

So before you make an investment decision, it is important that when you are selecting an avenue of investment you need to take an understanding of the risks associated with the particular investment option. There are investment options, which do have high risk; however, the returns offered are high as well.

The investment options can be segregated into financial and non-financial assets. When it comes to the financial assets it can be segregated into fixed income product, which includes bank fixed deposits, PPF and market-linked product, which includes mutual funds, stock, and much more. On the other hand, non-financial assets, which include real estate, physical gold and so on.

Listed below are some best investment options for 2020 in India that will help you to achieve your financial goals:

  • Bank Fixed Deposit:

    Investing in a bank fixed deposit is always a secured and the most preferred choice for the investors in India. From February 04, 2020, the depositor of a bank will be insured up to a sum of Rs 5 lakh maximum for the principal and the amount of interest within the rules of DIGC. Before, the coverage was Rs 1 lakh for the principal and the amount of interest. As per the requirement, one could opt for the tenure that could vary from month to month, quarterly, annually or cumulative interest alternative in them. Now, the earned interest rate will be added to the income, which is taxable as per the tax slab.

  • Debt Mutual Funds:

    Any investor who wishes for study returns should consider investing in debt mutual funds. When compared to equity funds it is less volatile, which means that the risk is less. Moreover, debt mutual funds essentially invest in securities that will generate fixed interest such as treasury bills, corporate bonds, commercial paper, government securities and money market tools. However, this does not mean that it is risk-free; it has certain risk factors such as the credit and interest rate risk. Therefore, a detailed study is a must before an investor makes his mind for the investment.

  • Direct Equity:

    Well, when it comes to investing in the stocks, it might not just be a preferred choice of the individuals so easily. Besides, investing in a stock is an art and you need to be good at picking up the right stock. Likewise, ten timing is yet another important aspect when it comes to investing in stocks. On the brighter side in regards to long-term, equity delivers high when compared to other classes of assets that are inflation-adjusted. Likewise, the chances of losing all the capital are slight on a higher side until the investor goes for the method of stop-loss so that the loss can be curtailed. Under stop-loss, to sell order at a certain cost an advance order is placed. And to a certain extent, the risk is reduced so that one can diversify in all sectors and capitalizations of the market. In case one wish to invest in direct equity, a Demat account is a must beside bank permits the 3 in 1 account opening.

  • Equity Mutual Funds:

    As for equity mutual funds the investment is predominantly done in equity stocks. With the present mutual fund regulations and Securities and Exchange Board of India (SEBI), when it comes to a scheme based on equity mutual fund, it is important that the investor holds 60 per cent of the assets in regards to the equity and likewise equity-related tools. The equity mutual fund can be managed both passively and actively. When it comes to a traded fund that is active, the returns essentially depends upon the manger of the funds' ability to generate the returns. The equity schemes are segregated on the premise of the capitalization of the marker or even the areas where one wishes to invest. Moreover, it is also segmented on the premise wherein the stocks are invested in Indian companies that are domestic or the investment is done in the stocks of overseas companies that are international.

  • Gold:

    Having gold as adornments have its interests, for example, wellbeing and significant expense. Moreover, making charges are applicable, that is regularly extended between 6-14 per cent of the price of gold, which can easily move as high as 25 per cent if there should arise an occurrence of extraordinary structures. For the individuals who might need to purchase gold coins, there's as yet a choice. Numerous banks sell gold coins these days. A substitute method of claiming gold is employing paper gold. Interest in paper gold is more practical and should be possible through gold ETFs. Such a venture (purchasing and selling) occurs on the stock trade that is BSE or NSE with gold as the basic resource. Putting resources into Sovereign Gold Bonds is the other alternative to claim paper-gold. A speculator can likewise contribute through mutual funds of gold.

  • National Pension Scheme:

    Next, the investment option is the National Pension Scheme, which truly focuses upon the long-term retirement and is duly managed through the Pension Fund Regulatory and Development Authority. Earlier the minimal yearly contribution towards an NPS for a tier-1 account was Rs 6,000, which has been changed and currently is Rs 1,000 for the account to remain active. It is an amalgamation of liquid funds, corporate bonds, government funds, fixed deposits and others. On the premise of the risk appetite, the investor can likely decide the amount of money that should be invested in the NIP via NPS.

  • Pradhan Mantri Vaya Vandan Yojana:

    The Pradhan Mantri Vaya Vandan Yojana has been specifically designed for the senior citizens who are 60 years of age and above as that they can be provided with an assured return every year of 7.4 per cent. This scheme provides the income of pension, which is payable easily on an annual, half-annually, quarterly and monthly as opted. The maximum amount of the pension is Rs 9,250 and the minimum amount is Rs 1,000 each month. The amount that can be invested in the scheme can go up to a maximum of Rs 15 lakh and the period of the scheme are 10 years. The invested sum is payable to the senior citizen at the time of maturity, however, in case, the senior citizen passes away, the sum will be paid to the beneficiary/ nominee. This scheme is accessible until 2023, March 31.

  • Public Provident Fund:

    The Public Provident Fund is another investment avenue, which is preferred and opulent choice for most of the investors. The highlight of a PPF is that it has tenure, which is long enough that is of 15 years and the effect of the tax-free interest quiet big specifically in the coming years. Now, as the sovereign guarantee backs the principal investment and eared interest therefore investing in a PPF is safe. Moreover, the interest rate on the PPF is generally reviewed at every quarter by the government.

  • RBI Taxable Bonds:

    Some time back the Reserve Bank of India used to raise 7.75 per cent savings bonds that were taxable as an investment avenue. However, from May 29, 2020, the Central bank stopped the issuance of such bonds. These securities were propelled by supplanting the recent 8 per cent Savings (Taxable) Bonds 2003 with the 7.75 per cent Savings (Taxable) Bonds with impact from January 10, 2018. These bonds had a period of 7 years. The Central Bank with impact from July 1, 2020, has propelled Floating Rate Savings Bond, 2020 (Taxable). The greatest contrast between prior 7.75% reserve funds securities and recently propelled gliding rate security is that the loan cost on the recently propelled investment funds security is liable to reset in at regular intervals. In the 7.75% securities, the financing cost was fixed for the whole span of the venture. Right now, the securities are offering a financing cost of 7.15 per cent. The principal reset on the loan cost is expected on January 1, 2021.

  • Real Estate:

    If you are residing in a house with your family then do not consider it as an investment avenue. Although, if you have a property wherein you do not reside by then, in that case, it can be considered an ideal investment option. The value of a property is mostly determined with the location of the property primarily. The other factor is the rent that one would gain from the respective property. When it comes to investing in a real estate it implies that the returns will be in two manners one would be rental and the other would be capital appreciation. It is to be highlighted that real estate is illiquid on a higher side when compared to other classes of assets. Another aspect is to get the approvals of the important regulatory authorities, which had its fair share of risks, associated.

  • Senior Citizen Savings Scheme:

    A Senior Citizen Savings Scheme is surely the preferred choice of almost every retiree and an investment option, which is on every retiree’s investment portfolio. It is a scheme specifically designed for the senior citizens and can easily be availed from any of the banks or the post offices for anyone who is 60 years of age and above. The scheme is available for 5 years, which can also be extended for up to 3 years only when the same gets matured. Besides, one can easily open more than one account and Rs 15 lakh is the limit for upper investment. When it comes to the interest rate it is completely taxable and paid on a quarterly base on the premise of the revisions and subject to review. However, if once the investment has been done in the scheme the rate of interest will be the same until the scheme matures. The senior citizen can also claim Rs 50,000 as claim deduction in one financial year within section 80TTB with the earned interest from the scheme.

Objectives of Investment Plans

There are various investment objectives for different investors. Here are some of the common objectives of investment plans:

  • Safety

    Every investor seeks safety while investing and safety is one of the prime objectives. There are some investment plans in the form of ULIP that offer guaranteed return possibility.

  • Income

    After safety, comes income. The safest investment plans are the ones that are likely to have a lower yield or rate of income return. The investors should inevitably take risks and sacrifice a certain degree of safety in order to earn better returns. As the returns increases, so does the peril.

  • Tax Minimization

    The investors might pursue some investments so as to leverage tax minimization as a part of their investment strategy. An investor’s another key investment objective is tax saving. The investor can avail tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961.

Benefits & Features of Investment Plans 

The best investment plans or savings schemes offer more than one benefit to the consumers. Primarily, they offer:

  • Protection to Loved ones

    Return on investments with coverage provides the dual benefit of life cover and returns. This means that if anything unfortunate happens to the insured, his/her family will receive the sum for which they were insured in addition to the fund value either as a single or in the form of monthly/quarterly/half yearly payments. These returns help to secure the family needs and monetary goals if the insured party is unable to earn a living or in the unfortunate event of his demise.

  • Goal-based Planning

    A goal-based investment plan is a great way for saving money for a goal - whether it is buying a house or a car, paying for children's education costs, or planning for marriage or after you retire. The endowment funds offer a secure yet safe way to plan for retirement if the insured is not keen on the unit market linked plans. The ULIP plans offer alternative opportunities to invest and the investor can take a look at their historical profits to calculate his/her returns and builds financial corpus in a few years.

  • Build Fund Reservoir

    The best investment plans with coverage cum investments and lock-in period help to save money that can be used to fulfill  financial management. Whether the investors want to buy their first house in seven years and/or save enough to buy a second home in the next five, their saving plan feature can help accomplish their goals.

  • Tax Benefits

    The premiums paid under these investment plans qualify for deduction under section 80C of the Income Tax Act, 1961 up to applicable limits. This means that the investor is not taxed on the funds he invests in these options or best saving schemes and additionally the profit is reduced by the investing fund. The exemption, however, is limited to the total exemption limit under section 80C and cannot exceed that statutory limit. In addition, the pay-out received on maturity is exempted from taxes under section 10(10D) of the IT Act.

  • Options to Obtain a Loan in Lieu of the Same as a Guarantee against Non-Payment

    Banking institutions take these plans as collateral for any loans given to the insured. These instruments act as a security for the loan. Since the loan is in the form of a secured loan, the interest rate is generally lower and other terms and conditions more favourable as compared to unsecured loans.

Things to Check before Choosing Investment Plans

There are certain factors to be kept in mind while choosing investment plan. They are:

  • Goals

    The monetary goals of the investor should determine what type of scheme he should buy. These goals may include marriage, buying a house or a car, providing for children's education and marriage or building a corpus amount. In fact, even small-term goals such as foreign trips can be financed by ULIPs. If an investor has just started with his/her career or have a small family, then s/he can definitely opt for the best saving scheme such as a ULIP to fund his/her short-term goals. On the other hand, if the investor is in his/her 40s or even 50s, then endowment plans are better as best saving schemes in combination with ULIPs or other options like a mutual fund. The monetary goals of the investor will help him/her to determine the best investment plans options for him/her to make an investment.

  • Current Expenses vs. Savings

    In order to meet the financial goals the amount an investor spends or saves has a larger role to play. With less saving and more expenses, it is unlikely that s/he can define large short-term goals that can be met by coverage plans. In such a scenario, if the investor lives at home with his/her parents and has no major outgo like rent, and s/he is likely to save money every month then it is best to buy an adequate life cover with return benefits and get their two-in-one benefit.

  • Future Expenses vs. Savings

    The amount saved for the future will also determine what kind of scheme works as the best for the investor. If the investor has fewer expenses now because the children are young, s/he can plan for the major expenses that will come his/her way in a few years like the children's college education or marriage. Therefore, s/he can choose an option that charges a premium for a few years and then pays out enough that it can itself pay for any premium from the annuity or other regular benefits. Moreover, the investor investing a higher amount would now mean that a good profit plan will grow to a larger capital base in 20-30 years when s/he needs it for his/her monetary goals or basic expenses. Planning his/her expenses is a good way to filter the ones to invest on.

  • Major Expenses that may arise

    These schemes are a smart way to get the cover an investor needs and also grows his/her fund at the same time through the best saving schemes. The major expenses like buying a house or to meet the living expenses after the investor retires can be easily covered by ULIPs and even endowment plans. Also, s/he can plan for the major expenses that are certain to occur and take them into account while determining the best saving scheme. For example, suppose the investor’s child is in primary school, then s/he knows that within 8-10 years s/he will have to bear major expenses for their education. As such, it makes sense to invest in a Child ULIP plan that ensures s/he can meet this definite expense in a few years. Moreover, Child ULIP has a special feature known as Waiver of Premium option.

  • Insurance Cover - Existing vs. Required

    The insurance cover of the best investment plans saving scheme should be adequate to take care of the investor and his/her family in case s/he is unable to work anymore or in the unfortunate event of him/her being no more. The cover provided by the product should be able to pay for him/her or his/her family's expenses in the years to come until his/her children can take care of him/her and his/her spouse in addition to themselves. To understand how much the investor needs, s/her must make an estimate of his/her current and future expenses vis-a-vis what a scheme offers. If the investor’s cover is less than what is required, then opting for ULIPs or endowments as best saving schemes are a better way to ensure s/he increases his/her money while protecting him/her and his/her family at the same time.

  • Number of Dependents

    The number of dependents should also determine the assured sum the investor needs to invest in the best options. If the investor has only a wife and child as dependents then his/her needs would be lesser in comparison to when s/he may be taking care of his/her siblings, parents, parents-in-law, grandparents, nephews, nieces, etc. The investor’s monetary insurance product should not only be able to cover for all the necessary expenses but also help him/her build a financial corpus for all the major goals of his/her family and himself/herself. Moreover, the age of the younger dependents matters while choosing the best investment plans saving scheme. If s/he has teenage children, then it is likely s/he needs a good plan to save up for their college education or marriage. ULIPs investment plans are better for such cases than endowment plans.

Fund Planning before Buying an Investment Plan

To understand how much cover a person needs in the best saving scheme, s/he has to take stock of their existing expenses, compute to the extent possible the number of future obligations that are likely to crop up and how much money they need to meet their living expenses. A key factor is also the age of dependents as this would determine how long before they can meet their own living expenses without having to depend on the pay-outs from the schemes.

  • Existing Debts

    The existing loans, be it a car loan, personal loan, or a home loan, must be considered while calculating the amount of life cover required in the best investment plans saving scheme. It may also include loans that a person or his/her dependents may have to take in the future and their EMI payments. For example, a child may have to take an education loan to cover for further studies or foreign studies. In such cases, an ideal financial portfolio should be adequate to cover for repayment of these loans for 2-3 or more years until the child lands a job and can repay the loan himself or herself.

  • Replacement of Earnings

    This is perhaps the most important aspect of applying for the best investment plans saving scheme in the first place. The payment from the best plan on the happening of an unforeseen or unfortunate event must be adequate to cover for the loss of income without any material change in one's lifestyle.

    Suppose the sole breadwinner has a salary of Rs. 12 Lakh per annum, then the plan should be able to cover for a substantial part, if not all of the income loss suffered by the family, if the insured is unable to work due to a partial or total disability or in the unfortunate event of his demise. Saving money also helps to build up a corpus that can yield interest income.

  • Existing and Future Expenses

    A good product should be enough to cover any major expenses at present or in the near or distant future. So, larger expenses such as marriage, retirement, continuing treatment of illnesses, etc. has to be accounted for in the calculations along with saving fund while arriving at the life cover required for the family.

    The expenses should be thought out with some rationality to select the best saving scheme. Considering medical expenses or hospital stay for the family does not make sense if there is already a Mediclaim plan covering all such expenses. However, the annual premiums on such options should be factored in while making the calculations.

  • Existing Cover

    The existing cover should be discounted while calculating the cover required if it is an individual financial scheme. If it is the employer's group policy, then the coverage under it can be considered. For more clarity, it is always better to ask the employer for the benefits under the group financial policy. Once the facts are clear, the individual can reduce the amount they are likely to receive under these policies from the new cover they need under the insurance products.

  • The income of Spouse or Other Members of Family

    While calculating the coverage required, it makes sense to discount the income of the spouse or other members of the family. This will help provide a more realistic picture of the amount of coverage and returns required. If the spouse earns then the amount of cover should be able to take care of all the major expenses that are likely to occur and also take care of most of the expenses that are being met by the earnings of the insured. The rest of the expenses can be met from the income of the spouse.

  • Premium Calculation

    To plan your financial future better insurance service providers have developed various tools to aid individuals to calculate premiums and plan better for their future financial aims. A premium calculator helps to make a cost-efficient decision and examine different plans that meet the basic requirement of the investors. The calculator helps the investor to use their fund in a more systematic manner in order to have a good portfolio.

Compare Features before Applying for Investment Plans

There are different options to invest and not necessarily all of them can fulfil the basic objective of an investor to invest. To know more about this, it is always good to compare before you can purchase. When we are comparing we need to look at a few things:

  • Cover

    The coverage that is offered is a good indication of which products are better as compared to the others. The better scheme will always offer the most comprehensive and yet practical coverage. Though most of the schemes offer similar options to save, some of them may offer increased cover if the ULIPs reach a certain milestone or may offer the same cover at a lower premium. Also, with the IRDA keeping a strict vigil on the insurance market, most insurance providers now focus on ULIPs as long-term products unlike before when they were mostly sold by unscrupulous agents as short-term options to invest. This means that companies now are more likely to offer better cover than before as the investors are buying the policy for the longer tenure instead of looking at it as a short-term plan.

  • Add-On Covers and Riders

    A good financial product offers extra covers and riders at significant discounts. These add-on riders may include increased life cover for smaller premium addition, cover for parents or larger number of family members, health cover, timely health check-ups, and so on. These rider add-ons, though not always a feasible option, may offer the specific cover that a person may be seeking. For Instance, some riders may include personal accident cover, and child cover, among others. All of these are available at a discount as compared to what taking one of them as a single unit plan may come up to in terms of premiums. An investor can opt for the add-on covers or riders that suit their needs.

  • Flexibility to Change Cover

    Some options allow the insured to increase or even decrease their cover during the policy tenure. This is essential as the cover needs vary according to your age and responsibilities. During your early years, the cover can be less but it has to increase as your expenditure and responsibilities grow with age. This is because the investment amount should be able to cover for any loss of income without the need to make any major changes to your lifestyle. A good plan will let you increase or decrease your cover according to your needs.

  • Insurance Premium

    Though most of the premiums of the assured amount are similar, extra fees and charges may affect the benefits on the investing funds. Endowments, as a rule, are costlier than ULIPs due to the guaranteed profits they offer. Some things to look out for include what part of the premium is used for investing. Some ULIPs may load more of their costs during their initial years while others may spread them over a few years. This means that the sum allocated to the ULIP is less in the initial years. This affects the returns as the higher the initial investments, the higher the long-term benefits.

  • Option to Increase or Decrease Premium

    A good plan will offer an option to increase or decrease your premium depending on the payment capabilities of the investor. Some may offer to top-up covers that let the investor increase his/her cover on payment of extra premiums. This is a good option to have as s/he may want to pay a higher premium to gain higher profits when s/he can and then reduce his/her premium when s/he has other responsibilities where s/her needs to put his/her fund.

  • Returns

    In most cases, the profits offered are a good way to understand which option is better. For one thing, there are two types, the market-linked ULIPs whose benefits are dependent on the market and may offer higher profits, and the endowment options that offer sure profits but on the lower side.

    Another point to note is that the profits in endowment choices only come after a few years while in the case of ULIPs, the insured can make complete withdrawals once the lock-in period has expired. If an investor prefers sure but safe profits, then endowment options are ideal. Alternatively, if s/he is comfortable with a higher risk for the higher profit, then the ULIPs are best for his/her needs.

  • Type of Pay-outs

    Different savings options offer different types of returns. For instance, some may offer a single payment while others may offer an annuity while others may offer a bit of both.

    The choice of returns will depend on a few things - the goal for which the fund is put into the product is being made, the time for which the fund is invested will be made, the type of return desired, etc. In case, the scheme is being chosen for a specific goal such as a child's education or a dream house or retirement, then the type of profits desired will vary.

    For instance, in case of child plans it will be better to receive annuities over a few years that will cover graduate and post-graduate costs whether in India or abroad. For retirement, it is better to receive a single payment near retirement to cover any relocation or other costs and then receive monthly pay-outs that serve as regularized monthly returns. What option of pay-outs the investor chooses will depend on the expectations of his/her needs.

  • Fund Options Available

    ULIPs invest into funds that are linked to various units - whether trading on the market or otherwise. For instance, some ULIPs may offer near guaranteed profits that are on the lower side as compared to market-linked funds that are riskier but higher returns. The lower near guaranteed ULIPs invest in non-risky debt securities and savings options and are thus able to protect the capital of the investor from market volatility.

    Most companies offer a choice of fund that may sometimes depend on the investor’s age bracket. Some may offer a choice of debt and equity market fund with an equal proportion of his/her funds (50:50) invested in each type of fund units or slightly skewed in favour of debt or equity (say 70:30).

    Most experts suggest taking a higher exposure to fund market at a younger age and then slowly moving to debt as s/he ages so that by the time the investor retires all his/her money is in debt funds. Such a strategy works better as the investor is exposed to the market risks at a younger age when s/he can recover from any downswing, and this risk decreases with age as his/her responsibilities increase.

    Moreover, the financial corpus the investor has built up remains safe from the vagaries of the market. Consequently, the funds available are an important thing to check before making a choice.

  • Flexibility to Change

    Insurance companies allow the insured party to change the number of their funds for investing in the funds of their choice. This is especially good as the savings increase over the years and investors have the option to considerably grow their asset base. The increase in the investment amount is generally accompanied by a corresponding increase in the life cover, though the increase in the cover may not be proportional as the focus is more on the growth of the fund.

  • Alternative Investment and Insurance Options

    An important thing to check and decide if the investor should invest in a good financial product is if the fund offers alternative investment and insurance options. This works well if the investor already has some sort of cover gives coverage or a term plan. In such cases, investors can use their funds for investing in mutual funds, which even though they may not provide coverage, are likely to offer better returns. However, if the investor does not have a choice for investing in the market and are looking for policies that give returns and coverage then are the best options for him/her to put his/her money into. One can use endowment schemes as a backup for definite profits and ULIPs for other goals such as a house, car, retirement, foreign travel and child's education, among others.

  • Insurance Premium Payment Options

    Most funds give the investor an option to make monthly, quarterly, half yearly or annual payments. In certain instances, the quarterly, half-yearly or annual options make sense as the payment outgo may be less since the companies may offer a discount due to the lesser paperwork involved.

    However, the premium is generally high and as such only makes sense when you have enough funds to pay the premiums due. If an investor is starting out on his/her career or do not have the necessary schemes to make a single premium payment, then the monthly payments make better sense.

    There are products that have the option to change the periodicity of the premium payment for certain policies. One can begin with the monthly or quarterly payment options at the policy inception and then switch to the semi-annual or yearly payments in the later years.

  • Tax Benefits

    The premiums of these policies are exempted under the Tax Act up to the prescribed limits. This means that when the investor makes any premium paid for the policies s/he has, s/he can claim a deduction of the amount thus advanced from his/her total earnings.

    For instance, suppose one invests Rs. 50,000 annually in life coverage options from his/her annual income of Rs. 4 Lakh. In this case, while calculating his/her income tax, s/he can deduct Rs. 50,000 under section 80C of the Indian Tax Act. Only the remaining amount, Rs. 3.5 Lakh will be liable to taxation, provided there are no other exemptions available. The pay-out from these policies qualifies for exemption under section 10(10D) of the Income Tax Act.

Types of Investment Plans for Children

The planning for children can be further sub-divided into two: the first for the children's education and the second for their marriage. Both education and marriage are major expenses and need proper asset planning. The best investment plans are ideal for these purposes as they provide the child with the necessary covers in addition to helping the parent prepare for the eventual expenses.

  • Investments Children's Education

    The meet the expenses to educate one’s child start taking gargantuan proportions after secondary education. From taking tuition classes to studying for competitive exams, all preparations for furthering their education and career prospects are expensive and need a good financial portfolio. In addition, college fees in private colleges and foreign universities are quite exorbitant and will only increase gradually.

    All these expenses cannot be met out of the monthly salary of the parents and need to be properly planned. These are ideal for such cases as they provide the necessary cover for the child and also help the parent build-up a financial corpus for major expenses. Some things to check out while choosing a plan for children's educational expenses include:

  • Whether the Plan offers Waiver of Premium Option

    Waiver of Premium (WoP) is an inherent rider of a child insurance plan. WoP rider is applicable in the event of demise of the insured in a stipulated period. In such cases, SA is paid to the nominee while the due premium for the rest of the term of the policy is paid by the insurer.

  • Whether the Pay-Out is a Lump Sum or Regular

    Timely pay-outs are better to pay the tuition and college fees while a single payment is best to meet major expenses that crop up at the beginning of college or a foreign education course. Some offer both options with a single payment when the child reaches a certain age like 18 or 21 years and customary pay-outs.

  • Whether the Cover Ensures against Children Specific Problems

    Children have their own set of unique ailments and the better option will cover such contingencies. They will also provide reimbursement for illnesses and diseases that require hospital stays.

  • Possibility of Increasing or Decreasing Cover

    Since the parents meet most of their children's expenses, it makes sense to go for a good scheme to invest with a higher return in the initial years and lesser cover. This will also help to build up a larger financial corpus in the later years.

  • Investments for Children's Marriage

    The individuals generally sketch the funds to invest in order to meet the expenses of children's marriage with a good financial option. The best investment plans are those that give a pay-out at a certain age of the child such as 23 or 25 years. An early move into the products that provide coverage when the child is young helps to build a large financial corpus of premium.

Options for Retirement Investment Plans 

The ideal move for retirement is to begin at a young age; this can help in building a considerable financial corpus by the time the investor/insured person retires.

A good retirement option is one that provides a lump sum pay-out at the retirement age or just before, to meet the relocation expenses from the place where the person is working to his hometown, and regular payments thereafter that serve as monthly earnings for the individual.

The insurance providers offer a range of annuity or periodic pay-out options that the persons can choose from based on their needs. The schemes chosen should depend on the age of the insured person.

Earlier, ULIPs offered the best returns, they were not ideal for people above a certain age due to their higher risk profile. However, 4G ULIP plans offer a very good return potential and systematic withdrawal option. These plans are flexible and offer tax free income. 

Investment Plans - Classifications  

The investments can be classified based on three factors namely, the type of schemes they provide, the duration in which the premium needs to be paid and the life stage of the investor/ insured person.

  • Guaranteed or Non-Guaranteed

    Guaranteed insurance products offer lower but secured profits. These are ideal if the investor is looking for safeguarding their assets and looking for stable growth of their money. Most of the guaranteed plans invest the insured party's money in secure instruments that are definite to provide the necessary benefits.

    The non-guarantee insurance products offer better profits but do not promise definite profits as they are market linked. The funds that are invested can range from aggressive funds that invest in equity growth stocks and focus on capital appreciation to conservative funds that invest in debt, money-market instruments or bank deposits and focus on capital preservation.

  • Single Premium or Regular Premium

    The single premium offers a lower premium as the paperwork and other administrative charges are less. However, from the insured's perspective, these options make sense only if they can afford to pay the cost. Regular premiums are better for younger people who are just began with their careers and do not have much savings.

  • Life Stage or Non-Life Stage

    The life stage and non-life stage options allocate assets according to the investor's age. Those in their 20s or 30s are given adequate stock market exposure as they can manage the risk in better way. For people in their 40s or 50s, the fund allocation shifts to less-riskier stocks and instruments that provide stable and secure profits. The financial options for people in their 40s or 50s focus on gradual asset growth and conservation of the financial corpus already created. 

FAQs

  • Where should a beginner invest in?

    Ans: A beginner can invest in the following investment instruments: Mutual funds with low-initial-investment Enroll in the retirement plan of the employer Invest in bonds or fixed income plans Investing in real estate Before investing in these instruments, it is suggested to understand well about them.
  • How can I get my investment return higher?

    Ans: The top investments with high returns are: Direct Equity Equity Funds: Small and Mid Cap Plans Initial Public Offering Equity Linked Savings Scheme Peer - to - peer platforms Real Estate.
  • How do I start learning about investment?

    Ans: The steps to learning investment are given below: Step 1: Get Finances in Order: Before jumping into an investment, it is suggested to first analyze your finances and get them sorted. Step 2: Know the Basics of Investment: It does not require any special skills to start investment; however, it is suggested to learn some basic terminologies of this field. Knowing the terms of investment help you to take an informed decision. Step 3: Set the Goals: After understanding your investment budget and after learning about the basics, the next step is to set your goals. Having a goal helps you to take the most suitable decision about investment. Step 4: Understand Your Risk Tolerance: Would a small loss of money via investment make you weak? Would you be able to bear some loss of your invested money without much effect? These are some of the questions that you can ask yourself in order to access your risk tolerance. Since investment can be risky as well as advantageous. Moreover, the investment with more risk offers more benefits in contrast with the investments that are of low risk. In this way, select your risk appetite accordingly. Step 5: Get to Know Your Investment Style: As you know and understand your investment goals and risk tolerance power, it is time for you to know your investment style. For example, if you are an aggressive investor, then you will like to invest your money in equities. So, find an investment style that best suits you. Step 6: Know the Investment Cost: It is important to know the investment cost. This is because some investment cost cut down the return of the investment. Step 7: You Can Take the Help of an Advisor or Broker: The type of the broker needed by you depends on the amount of time that you are willing to give to your investment as well as your risk tolerance. However, before choosing a financial advisor, it is suggested to know his/her reputation in the market and his/her performance. Step 8: Select Investment Type: Now this step is interesting because here you choose your investment type. However, it depends on the above factors, but if you are a conservative investor, then you should go for low-risk investment options like money market funds. Step 9: Keep the Emotions Far Away: Never let the greed or fear inflate the losses or limit the returns. It is suggested to keep your emotions far away from your investment. Step 10: Review Your Portfolio and Adjust Accordingly: The final step in the investment journey is to review your investment portfolio from time to time. This is because after some time you may want to rebalance your investment in order to get the best returns.
  • Q: How can I invest money to make money fast?

    Ans: There are five ways in which you can double your investment: Earning Money Slowly or Classic Method: Under this investment method, the money is invested in the non-speculative and solid portfolio. The Safe Method: Investing in bonds is one of the safest ways of investment. The Contrarian Method: This is the method wherein you buy when everyone is getting out of the investment plan. The Speculative Method: The investment in the stock market comes under this category.
  • Q: Where should I invest my money in?

    Ans: There are plenty of options where you can invest your money, these options are: Stock Market: The most known and probably the most beneficial area to invest your money is in the stock market. Basically, a stock of a company means its small portion. When you buy stock, you, in other words, buy a small portion of that company. When the company gets profit, it may pay you some part of that profit in the form of dividend or the portion of stock share you own. Mutual Funds: Instead of purchasing a single stock of a company, it is suggested to purchase mutual funds. Mutual funds provide many stocks under one purchase. Investment Bonds: Purchasing bonds means loaning money to the government or the company. The company or government selling the bonds pays interest over the loan throughout the cycle of the bond. Generally, the bonds are considered less risky than stocks. However, their returns are much lesser than stocks. Physical Commodities: The commodities that you physically have like silver or gold are considered as physical commodities. The physical commodities are considered safeguards at the time of financial crisis. Savings Account: One of the safest ways to safeguard your money from any market risks is to put it in the savings account and let it gain interest. However, as mentioned earlier, low-risk investments give low risk. Still, savings accounts are considered as one of the best and safest ways of saving and investing money.
  • Q: How can I double my money in five years?

    Ans: Some of the ways to double your money in five years are: Kisan Vikas Patra Tax-Free Bonds Non-Convertible Debentures or Corporate Deposits Bank Fixed Deposits National Savings Certificate Mutual Funds Public Provident Fund Stock Market Gold EFTs
  • Q: Where can I invest my money safely?

    Ans: The investments in which you can invest your money with low risk are: Bank Savings Account Money Market Funds Corporate Bonds Reward Checking Accounts Public Provident Fund National Pension Scheme Fixed Deposits in Bank Real Estate Senior Citizen Savings Scheme Gold
  • Q: Is purchasing gold a good investment?

    Ans: Purchasing gold is never considered a very safe investment option and it is not wise to invest in gold. However, as gold is considered a store of wealth, you cannot dismiss to agree that it has to be one of the investment options, but you should not consider it as the only investment option.
  • Q: How can I save money from my salary?

    Ans: Mentioned below are the tips to save money from your salary: Make a monthly budget and start saving some money Understand your financial goals Start investing in the right investment instrument Maximize your tax savings Get the right insurance plans – such as health insurance, life insurance, accidental disability insurance plans, critical illness plan, etc. These are some top tips to save money from your salary. However, there are some other tips as well as reducing your monthly bills, spending less on entertainment, etc.
  • Q: How can I start investing in my 20s?

    Ans: In your 20s, you do not have much responsibility, so you can start investing in a major part of your salary without much effect. Here are a few tips for the same: Start building emergency funds Start investing in your employer’s retirement plan Understand the basic goals of your investment Take your own retirement plan Take the help of a financial advisor Keep your short term savings plans easily accessible
  • Q: How much should I have in my savings at the age of 25?

    Ans: The rough estimate of your savings at the age of 25 years is 0.5X of your annual expenses.
  • Q: How much a 30-year-old should save?

    Ans: By the age of 30 years, you should at least have saved equivalent to your annual salary.
  • Q: How much money do I need to retire at the age of 55?

    Ans: Those who want to quit their jobs at the age of 55, then you need to have at least 18 times your annual income.

Latest News

  • Why Should You Invest?

    At present, just earning money is not sufficient, as the money one earns may not be adequate enough to fulfill the financial goals of life. Thus, it is very important to make an investment. The savings lying ideal in the bank account is an opportunity lost. Therefore, one should invest the money smartly in various investment plans in order to receive profitable returns out of it. By choosing the best investment plan, one can gain maximum returns on investment over a long-term period and can accumulate wealth to fulfill the major objectives of life.

  • What is the Difference Between Saving and Investing? 

    Savings and investment are often used interchangeably, however, both are different. Savings accounts are basically no-risk accounts. In a savings account, the interest is earned on the money one saves. The returns are guaranteed in a savings account and are more accessible whenever one needs it.  Savings account entitles him/her to save money for a particular purpose within a short-term period.

    On the other hand, investment plans are aimed to create wealth over a long-term period. In investment plans the risks are higher, thus the potential of returns are also higher as compared to the savings account. In investment plans, one’s money is invested in the different assets that have a good probability of generating high returns over a long-term period. While investing in investment plans, it is important to have a diversified portfolio so that s/he can diversify his/her risk and can gain potential returns across a wide range of investment classes.

  • When Should I Start Investing?

    The earlier one starts investing in the investment plans, the more benefit s/he can reap in the long-term. It is advised that the best age to start investing is the age when one starts earning. By investing at an early age one can compound his/her money over time. Moreover, the longer the investor stays invested in the market the higher returns s/he can avail in a long-term period. Not only this, but by making an investment at an early age also helps him/her to deal with the market risk as in long-term s/he can overcome the risks related to the market. Thus, in order to create maximum wealth, it is always advised to start investing in investment plans at an early age.

  • Best Investment Plans/Options

    There are a plethora of options available in the market. Some of the best investment plans available are discussed below:

    Unit Linked Insurance Plan (ULIP)

    As one of the best investment plans in India, Unit-linked Insurance Plans (ULIP) offers the combined benefit of insurance cum investment. Besides this, the ULIP plan also helps one to save on taxes under section 80C and 10(10D) of the Income Tax Act. The lock-in period of ULIP plans is 3-5 years.  In ULIP investment plans half of the premium amount is used to provide the insurance coverage to whereas the rest of the premium amount is invested market-linked instruments such as shares, bonds, etc. in order to gain return of investment. ULIPs have 0% capital gain unlike 10% in mutual funds.

    Mutual Fund Investment

    This is considered as one of the most profitable options of investment plans in India. Mutual funds are market linked investment products in which the investment is made in different assets such as debt, equity, stocks, etc. with an objective to provide higher returns on investment. Even though, mutual fund investments include higher risks the potential of returns is also higher. In the mutual fund investment plan, the ROI totally depends on the market performance of the fund.

    Bank Fixed Deposits

    Bank fixed deposits are guaranteed return investment plans, which offer fixed return over the tenure of investment.  The returns on fixed deposits are payable annually, monthly or quarterly. FDs generally offer two types of investment options cumulative and non-cumulative. As one of the safest investment plans, bank FDs offers an interest rate of 6.05%- 7%.

    National Pension Scheme (NPS)

    National Pension Scheme (NPS) is a government-backed investment plan, which aims to provide pension solution to its investors. In NPS, the investment is made in binds, equity investment alternatives, and government securities according to one’s own requirement and choice. NPS scheme only matures after the completion of 60 years. In this scheme, the accumulated interest is tax-free. Moreover, in case of lump-sum payment after maturity 40% of the amount is tax exempt as per the Income Tax Act of India.

    Public Provident Fund (PPF)

    Public Provident Fund (PPF) is the safest and most secured investment plans available in the market. The returns offered under Public Provident Fund (PPF) entirely tax exempt.  One can open the PPF account in bank or post office and the money gets locked for the tenure of 15 years. Moreover, in this investment plan, one can earn compound interest from this account.

  • Best Investment Plans for College Students

    Depending on the amount one is capable to keep aside for investment a suitable investment plan can be suggested. The safest investment plans for a college student is to invest in Banks Fixed Deposit and Recurring Deposit plan. As in FDs and RDs, the interest rates are fixed throughout the fund tenure and a guaranteed return of investment is paid to the investors.

    Moreover, Banks FD and RD investment can be done for a short-term period. In case one is above 18 years of age and if s/he has a medium risk appetite then s/he can consider investing in mutual funds through the process of SIP.  One can start investing in SIP investment plans with a minimum amount of Rs.500.  This will help his/her to inculcate the habit of savings in a long-term and will also help him/her to accumulate wealth over a long period of time.

  • Best Investment Plans for Senior Citizens

    In order to secure one’s life after retirement, it is very important to make the right investment choice at the right time. Nowadays, there are many different types of investment plans, which are specifically designed to provide financial security to the individual after retirement. 

    Some of the best investment plans to invest for senior citizens are the National Pension Scheme (NPS), Public Provident Fund (PPF), and Senior Citizen Savings Scheme (SCSS). These are government-backed pension plan, which aims to provide financial stability to the individual after retirement.

    Moreover, these plans also offer the benefit of tax exemption. Apart from this, one can also consider investing in investment plans such as Post Office Monthly Income Scheme (POMIS), FDs and Mutual Funds in order to create wealth in a long-term and have a secured life after retirement.

  • Best Investment Plans for Salaried Person

    With the increasing cost of living, it is imperative to make investments. With a wide range of investment plans available in the market, making the right investments decision can always be a little challenging. However, if one’s objective is to generate high returns with the minimum risk involved then s/he can consider investing in long-term best investment plans such as mutual fund scheme, banks FD, ULIP plans, NPS, PPF, SCSS, etc. These plans not only provide a high return on investment over a long-term period but also help him/her to create a financial cushion for the future so that s/he can achieve the financial objectives of life.

  • Eligibility to Buy Investment Plans

    Any residential Indian citizen above the age group of 18 years can invest in various investment plans of their own choice. While making an investment in investment plans the important eligibility criteria that are required to be fulfilled are:

    • Address proof along with the attested photocopy.
    • Photo ID proof along with the attested photocopy.
    • Aadhar Card along with the attested photocopy.
    • Bank Passbook.
    • PAN Card
  • How to Buy Investment Plan Online

    Purchasing the investment plans online is the most beneficial thing to do, as it is hassle-free and saves one from getting into a lot of paperwork. In order to purchase the best investment plans online, one just needs to follow a few simple steps:

    Step 1- Visit the website of the investment plan in which s/he wants to make an investment.

    Step 2- Once s/he logs into the investment page enters the basic information such as income, date of birth, etc.

    Step 3- Enter the preferred policy tenure along with the investment amount.

    Step 4- Choose the additional benefits, if any and click on search.

    Step5- According to one’s preference, s/he will get the listing of all the suitable plans.

    Step 6- Go through the plans carefully and check the terms and conditions, benefits and returns offered by the policy.

    Step 7- Purchase the best investment plans after comparing various plans online.

    It is important to note that while investing in any investment plans, it is important to complete the KYC and keep handy all the important documents mentioned above.

  • How PolicyBazaar Helps You to Choose the Best Investment Plans?

    In order to provide the best to our customers, Policybazaar provides one-stop solution for all the financial needs of the individuals. Consider the extensive range of insurance companies operating in the market and together with their wide range of investment plans, it often becomes of the herculean task to choose the best investment plan for making an investment. Policybazaar aims to bridge this gap and guides the investors through the difficulty of purchasing the most suitable investment plan for themselves and their family.  Let’s take a look at how Policybazaar helps to choose the best investment plan.

    Policybazaar helps you to make a quick and informed decision. At Policybazaar you can compare the costs features benefits and coverage of various plans online and make an informed decision.

    Moreover, you can also check various products available in the market.

    We have a team of experts who provides assistance to the customers 24X7 and guides them and help them to make an informed choice.

    As an online portal, our website enables customers to purchase the product directly from site save you money and time.

  • Tax Saving Investments:How to Save Income Tax

    Apart from generating higher returns on investment, as an investor, one’s investment goal should be to save on taxes and to generate tax-free income.  While choosing the right tax savings best investment plans, it is important to consider the important aspects such as liquidity, safety, and returns.  With an array of investment options available in the market, some of the best tax saving investment plans that not only provides the benefit of tax exemption but also helps him/her to earn tax-free income are:

    • Equity Linked Savings Scheme
    • Public Provident Fund
    • Employee Provident Fund
    • Unit Linked Insurance Plan
    • Traditional Insurance Plan
    • Sukanya Samriddhi Yojana

Written By: PolicyBazaar - Updated: 03 July 2020
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 48 Reviews)
Investment Plans Insurance Reviews & Ratings
4.4 / 5 (Based on 48 Reviews)
(Showing Newest 15 reviews)
Sagar
Bankura, July 15, 2020
Invested on a good product
It is a good way to invest into some or the another good investment product. So, I got to know about ULIPs plans and I read it about the same into the website of the policybazaar. I found it quite interesting and I bought it. A good investment option for a longer period of time. It’s been 2 years now and I am happy. Great work team.
Aditi
Alappuzha, July 15, 2020
I got my best plan
Recently I purchased an investment plan for myself. It is a good plan which I took it from the website of the policybazaar. I really wanted to purchase the such kind of plan which is good for both investment as well as insurance. And I got it from policybazaar. Thank you team.
Jatin
J. P. Nagar, July 06, 2020
Protection shield
Having an Investment plan is really a boon for you and your family. Even if I am not there with them in the future, my investment plan will be with them to support their financial needs & daily day to day life. Thank you Policybazaar for helping me have the best of the investment plans.
Indu
Uchchhal, July 06, 2020
Add on benefits
I bought an investment plan from Policybazaar. I never knew that I would be getting so much of additional benefits. Whenever I need to withdraw my money, I can do that after my lock-in period of 3 Years or 5 Years. If I need, I can continue the plan for a longer period of time to have better returns.
Amar
H D Kote, July 06, 2020
Easy to buy online
Policybazaar has the best online policy buying portal. I myself had the best experience purchasing an Investment plan from them. All I need to fill was some details and make the payment, within a few minutes the policy was in my email inbox. I must appreciate the Policybazaar's user-friendly portals for the customers.
Girik
Farenda, July 03, 2020
Customer support
Policybazaar has one of the best customer support. I have taken an Investment plan from them, for which they have assisted me with every terms and condition with the policy. Also, they have given me all the support for the documentation which was needed to be done while taking the plan.
Neeraj
S.c. Pur, July 03, 2020
Financial coverage
I have taken a Ulip investment plan from Policybazaar. They have assisted me with each and every terms & condition to it. It also made me understand the benefits of it which will help my kids in the future for their education & even marriages. Thank you Policybazaar for helping me keeping my & my family's future secured.
Jitin
Yamunanagar, July 03, 2020
I opted for retirement plans
I got my investment insurance from policybazaar and recently took the retirement plan so that in latter stage it will secure me from various obstacles. Life is very much uncertain so I decided to get myself covered under the same. The plan is for long term and it will be very much beneficial for the end period of time. I would love to say thanks to team policybazaar for such better options and opportunities.
Lalit
Aallapalli, July 02, 2020
Financial protection cover
One of my friend suggested me a child plan as he took for his son. So, he told me about various features and benefits. I was very much happy to know that and he told me that he got the policy from Policybazaar. I immediately searched for plans and got to know more like the child protection and the coverage. It is a good plan which will secure my child’s future and I bought it with the help of my friend. It is a nice website. Great work team.
Sreedhar
H D Kote, July 02, 2020
Premium calculations
I got to know about the premium calculator of the policybazaar. It is really nice as in that I can get to know more about that how much premium need to pay. I recently took the investment plan from policybazaar after checking the premium rates. I inserted the details of the same into that section and got to know about my premium allocation. Thanks team for such great variations. I really like the plan and great benefits. Thank you team for quick services.
Santosh
Baarod, July 02, 2020
Add on benefits
I purchased the investments plans from policybazaar and it was very much easy. I got to know more about the policies and plans and their add on benefits. It is very much flexible in nature and so you can add the riders benefits into the same. The insurance premium is very much affordable. Even you have the option increase or decrease your premium prices. I found my investment plan a best one and flexible too. It was pleasure to be a customer of policybazaar.
Karun
S.c. Pur, July 02, 2020
Resolves the concern easily
I have taken the investment plan from policybazaar. Though the policy is good and so the services from the team. But one thing I got to know later that the name spelling has a mistake on my policy copy. So, I contacted the customer care of the policybazaar and informed them about the same. They immediately started working on my concern and within 2 hours my new soft copy came to my email address. It was all corrected and all good. Thanks a lot team policybazaar for such fast and hassle free work.
Sonam
Indapur, July 01, 2020
You can achieve goals
While investment is very important as told by our elders so I decided to get a good investment plan for me and my family to achieve certain big goals. I got to know about various saving schemes and decided to get the endowment plans which are a great combination of ULIPs and mutual funds. It is a kind of good investment and I have saved a lot many money for a long period of time. Policybazaar customer care team has given me great opportunity to get to know more plans and details. Thanks team for such nice interface and plans.
Dhanush
Ichalkaranji, July 01, 2020
Protection for all
The investments are very much needed at this point of time so that at some certain situations it can be useful for us and for our family. I took a ULIPs plans for a longer period of savings. So, that after good 10-12 years I can take out the money for my child education and marriage. It is a kind of protection shield for me and my family from all financial and legal constraints. Great company and good team work.
Tina
H D Kote, July 01, 2020
Tax benefits available
With the help of getting the best investments plans I feel that I saved a lot of money in savings the tax. So, I got the ULIPs plans for my investment and savings way and it is a good plan. I have taken it for a longer period of time for 10 to 12 years so that at the end of policy period I could get the best returns out of the same. Along with that under the section 80C I saved a lot more money into the same. Thanks a lot team for such good plans.