Financial Planning : Why do I Need Saving & Investment Plan
Our Savings & Investment Plans provide you the assurance of lump sum funds for your and your family's future expenses. While providing an excellent savings tool for your short term and long term financial goals, theseÂ online investment plansÂ also assure your family a certain sum by way of an insurance cover.
You have always given your family the very best. And there is no reason why they shouldn't get the very best in the future too. As a judicious family man, your priority is to secure the well-being of those who depend on you, not just for today, but also in the long term. More importantly, you have to ensure that your family's future expenses are taken care, even if something unfortunate were to happen to you.
A big factor that you need to consider while building your wealth is inflation. It has a dual impact on your hard-earned savings. Inflation not only erodes your current purchasing power but also magnifies your monetary requirements for the future. Sample this: A 35 Year individual needs to invest Rs. 36,000/- per year with 4% returns to build a corpus of Rs. 10,00,000/- by the age of 50 Years.
With HDFC Standard Life's range ofÂ Savings & Investment Plans, you can therefore ensure that your family always remains financially independent, even if you are not around.
- How do I choose and decide on the right plan?
- How to make your money work for you?
- How to evaluate risk?
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"The thumb rule for retirement planning is - the earlier you start, the more you save. However, with age, your priorities change too. So, you need to factor in the cost of living in the present vis- a -vis future."
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For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
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