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29.6%First documentWhat is Wealth and How to Build Wealth using Life Insurance?Open original ↗
Second documentHow Your Investing Habits Influence Career Growth?Open original ↗
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Secure Your Family’s Future with the Right Life Insurance Plan
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Investing for Retirement:
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
Start Young, Pay Less, Stay Secured
Coverage for spouse Block your premium rate Covers 40 critical illness
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Life Insurance for Seniors Whole Life Insurance Plans Group Life Insurance Plans Life Insurance Claim Process Tax Benefits of Life Insurance
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Family Shield: Enhanced Protection
3 Plan options Life cover till 99 years Steady income benefit Block your premium at inception
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Life Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
2. Put the Contingency Plan in Place
Create an emergency fund . An emergency fund should be equal to six-nine months of your necessary expenses including insurance premiums, EMIs and house rent if applicable.
Investing Habits to Develop for Career Growth:
Buy health and life insurance covers: Get a term life insurance cover for self and spouse: The cover should be at 10 to 15 times of your annual income (for both you and spouse if both are earning). Term insurance with accidental disability cover can help you continue the life cover without premiums in case of permanent disability . Secure a health cover for the family: You and your spouse will need critical and Mediclaim health covers while your children will be covered under the same Mediclaim plan as yours. Term plan like iSelect Smart360 from Canara HSBC Life Insurance combines both terminal health and life cover benefit under the same plan. So, with iSelect Smart360 Term Plan, you do not need to buy a separate critical health cover. Build an Emergency Fund: Emergency fund should be large enough to take care of your family’s necessary expenses including insurance premiums and EMIs for six to nine months. Thus, you can budget your expenses and save an amount equal to six-nine months of these expenses.
3. Start Investing Your Savings
Thus, ULIPs can help you create a tax-free pension after you retire. Whereas, the pension from annuity plans will be taxable at the slab rates.
Investing for Retirement:
You can invest in whole life ULIPs, which you can continue till the age of 100. The benefit is that after retirement, you can withdraw a monthly pension out of the ULIP corpus without switching investments and this is a tax-free pension. NPS and EPF will force you to invest in an annuity plan to generate monthly income. However, the pension income from an annuity plan is taxable at the slab rates. That is why adding ULIP to your retirement goal could be beneficial in lowering your post-retirement tax outgo.Thus, not only build a career for yourself, but build a fulfilling career which brings prosperity and wellness to you and your family.
2. Put the Contingency Plan in Place
A contingency plan is to ensure that your investments remain unaffected due to health or accidental emergency. So, here are the things you need to do for a good contingency plan:
Investing Habits to Develop for Career Growth:
This is an extremely important step if you already have a family and you are investing in their financial goals. You need to do the following for a good contingency plan: