I will start with a question. A
question which will make you think. A question which is applicable to every
person you know, right from the start of one’s career till his or her
retirement. WHAT DO YOU REALLY WANT? Some
would want to buy their dream car. Some would dream of living in a sky bungalow.
People who have just entered the career cycle may want to invest in an
international MBA. Depending upon the age, our goalposts or aspirations may
change but goals remain constant.
Life coach experts believe that
one should plan strategically and focus on realistic goals. Setting a goal, no
matter how simple is always the easy part. Everyone has goals. The real
challenge is not determining if you want the result, but if you are willing to
accept the sacrifices required to achieve your goals. To achieve life goals, one
needs to systemically plan his financial investments. That way, you will always
win. With sound financial planning, your short-term goals will be achieved and you
will get the motivation to achieve your next goal.
Bajaj Allianz Life Insurance, one
of India’s leading private insurer invited us for their #LifeGoals meet. The meet
started with a surprise. S.B. Anandan, a Malayalee fellow appeared on stage to
explain his failed investment ideas, with the sense of comedy and enthralled
the audience. The character was played by none other than Suresh Menon, a
legendary comedian and YouTube sensation.
S.B. Anandan, with an advice from
family and friends invested in different financial products. But sadly, it
never resulted in any worthy savings. In fact, with the wrong financial advice,
he lost his money in stock market. Though this was a plot in his stand-up
scene, still the story stands true for millions of us. Bank investments these days
don’t pay attractive interest which could beat inflation. People who want to
achieve more look forward towards equities and mutual funds. Yes, India’s
bullish markets have given handsome returns but these returns are based on
market research and not mere speculation. People who do not have any financial
background may find it difficult to understand and invest. This is where ULIPs
work.
ULIPs or Unit Linked Insurance
Plan is a long-term investment plan that offers the combined benefit of
investment and insurance. These plans invest a portion of your premium in
capital markets and allow you to invest in debt, equity or balanced funds
depending upon market conditions or your risk appetite. Capital market
investments under ULIPs are managed by experts who can mobilise your savings
according to the market conditions. By investing in ULIPs, you can stay
invested for a longer term, have your life covered and enjoy the benefits of
investment made by experts on your behalf. ULIPs bring a modern-day approach
towards insurance investing. Now, #InvestBefikar with ULIPs
and chase your life goals.
Ideas of today’s aspirational
India are far-reaching than a steady job or business. Fitness, solo-travel,
road trips, adventure tourism, EDM concerts, technology, start-ups are
deep-rooted in our younger minds. Happiness is not something ready-made, it
comes with our actions. ULIPs have become a popular choice for investments due
to affordability, capital appreciation, flexibility and transparency. ULIPs
stand apart from traditional insurance as they act as life maximisers.
Bajaj Allianz Life Insurance is
soon going to launch something interesting. Stay tuned on
theindiancapitalist.com for more!
- Chaitanya Kulkarni
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