- Webpages
- Documents
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
For Online Policy Purchase
(New and Ongoing Applications)
-
Call (All Days & Toll free)
-
Whatsapp
-
Call (For NRI customers, All Days, Local charges apply)
-
Email
-
Request call back (Missed Call)
Branch Locator
-
Locate a branch
For Existing Customers
(Issued Policy)
-
Whatsapp
-
Call (Mon to Sat, from 10 am to 7 pm, Local charges apply)
-
Call (Mon to Sat, from 10 am to 7 pm, STD charges apply)
-
Email
-
NRI-Email
Fund Performance Check
-
Call (Missed Call)
What do you want to do?
Insurance vs Investment - Did You Get the Right Financial Plan?

In today’s day and age Insurance and Investment have become an integral part of one’s life. While it’s smart move and put a portion of what you’re earning today towards saving for your and your family’s future, many make the mistake of thinking Insurance and Investment means the same thing.
Further, there are many of us who think that investment or insurance plan that one has would also satisfy or be good for the other person.
In reality needs and capacity of each person and family is different and what might satisfy one person, might not satisfy other person or his/her family.
One needs to align their immediate and long-term goals and then find and plan that suits their requirement and capacity the best.
What is Insurance?
Insurance is a service that one purchases with the intention of guarding a person or family against some form of loss. This loss can be in for of loss of life, property, or health.
Biggest example for instance is car insurance which protects you from the financial havoc in case it gets badly damaged or worse stolen. Depending on the type of car insurance that you get, the insurance company covers the financial damage to the vehicle or replaces your car altogether in some cases.
In case of Life Insurance, the dependents get a single-sum income when the insured person passes away so as to provided them at least some financial help at the time of need, or provide them a lump sum amount once the term of the policy ends.
What is investing?
In case of Investment, it is the amount of money or assets that you give to a third party in exchange for the return of that money or assets along with profit at an agreed point in the future.
There are many kinds of Investment Plans, like Bonds, where you lend your money to a company or government, in return for an interest and stocks, where your stake equates to you being part owner of a business.
While Bonds are relatively safer purchase of stocks can earn you a larger profit and are high-risk where returns are not guaranteed.
There are also Mutual Funds where you invest in a mixture of stocks and bonds and is considered mid-risk with mid-returns.
So what to get: Insurance or Investment?
The answer is simple and boils down to what you need now and what you need in the future.
While Investments will take care of your now and immediate future, Insurance will take care of you and your loved ones in the long run.
Here are few Insurance plans that you can consider in case you are looking to invest in your and your family’s long term future.
Related Article :
- High Risk High Returns or Low Risk Low Returns - Know Where To Invest
- Safe investment with high returns in India
- The Ideal Investment Plan for the 30-Year-Old Who Wants to Buy a Home
- Systematic Investment Plan - Definition & Meaning
- Investment Planning for Self-Employed and Freelancers
Tax Articles
Subscribe to get the latest articles directly in your inbox
Life & Term Articles
Investment Articles
Calculators
Popular & Recent Articles
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: [email protected], Tel No: 1800-266-9777 (10 am to 7 pm). The name/letters “HDFC” in the name/logo of the company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS
|

Popular Searches
- term insurance plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- long term savings plan
- fixed maturity plan
- monthly income advantage plan
- income tax calculator
- pension calculator
- bmi calculator
- compound interest calculator
- term insurance calculator
- income tax
- tax saving investment options
- best investment plans
- benefits of term insurance calculator
- what is term insurance
- why to invest in life insurance
- tax planning for salaried employees
- how to choose best child insurance plan
- tips for buying retirement plan
- 1 crore term insurance
- importance of saving
- short term saving plans
- types of investment in india
- investment declaration