Unit-Linked Insurance Plan (ULIP) is a combination of insurance and investment. It provides you with life insurance and allows wealth creation to meet long-term goals. Here is how a ULIP policy works to offer these dual benefits.
How Does a ULIP Work? When you put money in a ULIP, a part of your premium payments goes into providing you with a life cover. The remaining is used to invest in shares, bonds and other securities to provide returns. Fund managers of the insurer manage your investments and so, you need not deal with the hassle of tracking the same. To choose the best ULIP plan, check its performance over the last 10 years. Benefits of the Insurance Segment of a ULIP Get a life cover: This is the first major benefit of this plan. In the case of an eventuality like the insured's untimely demise, the nominee receives an amount called the death benefit. Save on tax payments: The premiums that you pay towards a ULIP policy qualify for a tax deduction of up to ₹1,50,000 in a year, as per Income Tax Act, Section 80C. Moreover, the returns received once the policy matures are not taxed under Section 10 (10D). Benefits of the Investment Segment of a ULIP Finance long-term goals: ULIP is recommended for long-term wealth generation since it works with the power of compounding to grow your returns manifold. Therefore, it can help meet various long-term goals like financing your child's higher education, marriage, a new car, a new home, retirement and so on. Even if you exit after the lock-in period of 5 years, your net returns will be usually more than if you had invested in a savings or FD account. Switch funds to invest flexibly: Under the investment section of a ULIP, your money is put in debt and equity funds. When you wish to take a higher risk for more returns, a larger part of your money can be invested in equities. When you have a low-risk appetite, you can switch to debt funds. Else you can invest in hybrid funds to balance your risk. You can also switch between funds based on how the market performs. Best ULIP plan providers allow a few switches free of cost. Factors to Consider Before Investing Preference: If you prioritise wealth creation over life insurance, you can put more money into the investment component of a ULIP. Risk appetite: This is important to choose the kind of funds your investment portfolio will majorly comprise. Investment horizon: Since a ULIP policy has a 5-year lock-in period, if you surrender it in the first 3 years, the insurance coverage would stop right away. But the surrender value can be provided only after 3 years. Now that you know how a ULIP works as an investment-cum-insurance tool, consider choosing a reputed insurance provider and pick the best ULIP plan that they offer. Remember to read all the terms and conditions of the plan before you start investing in it.
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A Systematic Investment Plan (SIP) is a mode of investment offered by top fund houses to allow you to invest in small amounts regularly instead of a lump sum. This helps build a disciplined approach towards periodic savings. When you consider predicting returns on your investments, a mutual fund SIP calculator can help. It can give you a rough estimate of the expected returns since they're subject to market conditions. Taking a look at the estimated returns from time to time can signal you when you should try to increase them. But how can boost your returns? Here are some useful tips to check out.
Start Early If you start investing early, you can get maximum time to save and grow your returns. Over time, they can increase manifold with the power of compounding offered by SIP. Boost your Investment Regularly Returns are directly proportional to investments. In SIP, this is primarily ensured by the effect of compounding. After checking the expected returns on the SIP calculator at a point in time, you can opt for step-up SIP to increase your investment if you aim for higher returns. This feature lets you top up your investment by a predetermined certain amount at regular intervals in tune with your income and financial goals. Set a Long-Term Goal SIP works best for long-term financial goals like your child's higher studies or marriage, buying a house, and retirement. In that case, the returns will keep accumulating over a long period until maturity to offer you sufficient funds to meet your objective. You can use an SIP calculator to ensure the same. Avoid Withdrawing Early You can have a financial emergency anytime. But it's usually not a good idea to withdraw your investment when such an emergency occurs. Market conditions are hard to predict. The value of your portfolio would go down if you back off when the market is low. Don't Stop Investing When the Market is Bearish If you stop your SIP in a bearish market, you can't benefit from rupee cost averaging which is an essential part of SIP. It allows you to earn higher units in low market conditions, thereby bringing down investment costs and boosting returns. You can also step up your SIP in a weak market to park an investible surplus to capitalise on it. This may even help realise a goal earlier than the previously considered timeline. Keep using the mutual fund calculator to be on track. Review the Performance of Funds Avoid deciding on your investment based on the recent fund performance. Different market factors like the government's policies to support the economy can favour a bull run. Generally, it's best to compare the performance of a fund with its peer funds over the last 5-10 years. Then you can see the performance of the funds over the whole economic cycle. Consult the fund manager to decide on the right kinds of funds to invest in to expect good returns while also taking into account your risk appetite. It is natural to be anxious about the fetus's health throughout pregnancy (unborn child). Your doctor performs fetal monitoring to verify that there are no complications prior to labour. It is a standard procedure to monitor the heart rate and other functioning of the unborn child. Doctors can use fetal exams to determine if a pregnancy is normal or high-risk. In high-risk pregnancies, fetal medicine treatment is initiated to treat fetal anomalies.
How Is Fetal Monitoring Done? There are two ways to do fetal monitoring:
Preparing for foetal monitoring varies on whether it is external or inside. Treatment also depends on whether it is performed late in pregnancy or during childbirth. For example, a full bladder may be required for external foetal monitoring using a Doppler during pregnancy. Here, there are no food or drink restrictions. What Is the Importance of Fetal Monitoring? Fetal monitoring is used to examine the rate of heartbeats. Your doctor will monitor for any changes in the baby's heartbeat. It also determines how much the baby's heart rate varies. Typical foetal heart rates range between 110 and 160 beats per minute, which may change as the baby adapts to conditions in the uterus. Any irregular heartbeat implies a lack of oxygen or another issue with the foetus. In the event of an abnormality, the doctor may initiate fetal medicine treatment to address the health emergency. First, you may be required to undergo a fetal blood test. After that, your doctor will decide whether or not you need a caesarean section based on the results of the tests. Is There Any Risk in Fetal Monitoring? Your doctor's use of an external monitoring technology poses no risk. However, there is a slight chance of infection with internal monitoring. In addition, the scalp electrode may cause a small cut or mark on the baby's head, which heals rapidly. Fetal monitoring is essential to determine whether there are no issues during labour and whether the infant is delivered healthy. Furthermore, an abnormal foetal heart rate rhythm does not always imply that the child is in danger. For more, you may seek the assistance of the best gynaecologist in Bangalore to guide you through the entire procedure and ensure a smooth childbirth. You don't want to risk yourself or your unborn baby during pregnancy. Foetal monitoring is a primary method for determining if the child's growth is average, and if any ailment exists, you may take the appropriate treatment to address the medical condition. Additionally, foetal monitoring allows you to hear your child's heartbeat for the first time, a momentous occasion for expectant parents to know that their kid is healthy and safe. Family planning can prove to be tricky and challenging for a lot of couples. Improper lifestyle and pile-up stress can contribute to infertility. However, the IVF treatment comes as an excellent choice when one has to conceive naturally. Women’s body weight is an essential element that impacts their fertility. The body weight minimizes the chances of IVF treatment.
While there isn’t any particular diet that doctors recommend during the IVF treatment. It is important to maintain a healthy diet to be able to conceive successfully through the IVF process. Everything that You Should Be Eating During IVF Treatment You can always improve your likelihood of conceiving through the IVF procedure by eating the right types of food. By consuming a healthy range of foods, your body will respond better to the treatment. Leafy Greens Leafy greens top the list of fertility-enriching foods that doctors at the IVF centre advise. This is because green vegetables aren’t only rich in iron but folic acid and antioxidants as well. Always incorporate greens into your regular food intake. Cabbages Cabbages are rich in essential minerals and vitamins. The vegetable is also composed of Di-indole methane which further regulates women’s estrogen metabolism. Broccoli Being Vitamin C-loaded, broccolis helps in egg maturing. Apart from the ample iron content, the folic acid and antioxidants assist in women’s fetus and body development. Potatoes Potatoes help in the body’s cell division increment. Consuming potatoes every day can supply your body with E and B vitamins. Bananas Bananas are rich in vitamin B6, which makes the superfood assist women in their monthly menstruation cycles. You can include this fruit into your snack routine and increase your chances of pregnancy through IVF to make the most of your IVF treatment cost. Pineapple Pineapple comprises manganese which in turn is counted as an essential reproductive mineral that assists in reproductive hormones. What Foods to Stay Away from IVF Procedure? To make sure the IVF treatment that you are undergoing at an IVF centre is successful, you must make it a point to keep away from certain food items. Know what food to avoid during IVF treatment here. Raw Eggs It doesn’t matter whether you wish to include raw eggs in the batter, salads, etc. One must always avoid having raw eggs since there is a possibility that eggs contain the salmonella virus, which results in food poisoning. Artificial Sweetener Included Foods To maintain a healthy weight, women might prefer artificial sweeteners over regular sugar. While you might consider it to be a healthy option, artificial sweeteners can reduce your likelihood of IVF success rates. Refined Sugar If you are following a strict diet for IVF procedure that contains no sugar, without even artificial sweetener, then you have taken the right step. Refined sugar is the last thing you want to add to your life during the IVF procedure, owing to how it can instantly spike up your blood sugar levels. Occasional sugar consumption is fine, but eating refined sugar regularly will insist your liver produce excessive insulin to fight the increasing blood sugar level. This can affect your fertility in the long run. Seafood Raw seafood consumption is a strict no-no during IVF treatment as it can trigger infections. That said, you must also limit your consumption of general seafood, given how fish are packed with mercury. Mercury can result in birth defects and cause foetus-related problems. Alcohol Alcohol is a primary contributor to erratic ovulation which has been affecting women concerning fertility. Stay away from alcohol as much as you can to increase your possibilities of sourcing healthy eggs and minimize the chances of foetal impairment. The IVF clinic in Bangalore suggests that women undergoing IVF treatment must necessarily maintain a good IVF-friendly diet for better success rates. Combine your healthy and good diet with other elements like meditation, body massages, and acupuncture to enjoy the ultimate balance of mind and body. Certain necessary things you consider, like a dedicated server when choosing the email or web host for your business. Emails have become an online holy area where we preserve the most crucial facts about our business, from monitoring customer profiles to keeping a record of our weekly schedules.
It is essential to keep it running and responsive for business growth and success is critical. Specific Google tools like Google Business Emails and many more will make your business more efficient. Follow the article further for comprehensive information.
You must be careful with it, though. The issue with Google reviews is that there have been instances of fraudulent reviews being placed by people attempting to boost one company's image while undermining others' by submitting negative evaluations.
Google Voice's ease may guarantee you never miss a call with a potential customer. Further, it integrates with Google Calendar and Google Meet to ensure you never miss a meeting with your stakeholders or potential clients. Google Voice connects effortlessly with it. Conclusion There are furthermore Google apps and tools like GMeet and Google Play Store along with the above-mentioned tools, which can increase the presence of your business to the customers, investors, and other respective persons. It is a very affordable and easy way to promote and grow the company with an easy-to-access procedure. All you need to do is follow the process for efficiency. People often feel clueless when asked about retirement goals. As per one study, over half of Indians have no retirement plans and face a dilemma about their financial state post-retirement. One basic explanation for such a troubling scenario is a lack of awareness about how to plan in advance for post-retirement years. Retirement planning, according to experts, is a vital component of financial planning. And a simple solution to alleviate all your worries is to invest in retirement funds.
Read on if you're still undecided about investing in mutual funds for retirement. What Is a Retirement Fund?Retirement mutual funds or pension funds are open-ended schemes where you may deposit a part of your monthly income. Although investors have various government schemes for retirement, mutual funds have emerged as a dependable asset class that may outperform inflation and offer substantial returns. The systematic investment in these policies over the tenure allows for the creation of a significant corpus in the long run. These funds invest in a blend of equities and debt instruments to achieve growth while treading carefully. The primary purpose of a retirement mutual fund is to offer a stable income after retirement to lead a stress-free life. There are three basic types of retirement funds, these are:
Mode Of Investing in Retirement Mutual FundsThere are two ways to invest in mutual funds for retirement, which you may choose based on your budget and convenience.
Benefits Of Investing in Retirement FundsRetirement mutual funds are intended to provide investors with a consistent income stream to cover their everyday expenses after retirement. In addition, these plans are less risky and provide ample liquidity to assist you in meeting an unexpected financial need. Some other benefits of investing in pension plans are detailed below.
Investing in retirement funds is an excellent strategy to save for your golden years. Considering the simplicity with which one invests and the different options available, acquiring pension plans is a bright idea. Ultimately, you will get a significant corpus to enjoy a financially independent retired life. |
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