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How good is your investment plan? - TECH EX INFO
July 21, 2024


Bring Your Ideas To Life

How good is your investment plan?

Everyone wants to invest in order to maximise their financial rewards while minimising their risk of losing money. In today’s world, investing in the correct investment plan is critical because earning money alone is insufficient to meet one’s financial objectives. Making money increase is critical. Simply storing your money in a bank account is a missed opportunity.

Money is required at various periods of life. A financial corpus must be built, whether for a child’s marriage or schooling or for retirement funds. People always hunt for better investment programmes that offer larger returns while looking for new approaches to build this financial corpus. There is no simple and easy solution due to a variety of investment alternatives. The convenience of numerous investment plans given by various life insurance carriers, on the other hand, is one of the most reasonable solutions available.

What is an Investment Plan?

Investment plans are financial instruments that allow you to build wealth for the future and achieve your financial goals by investing in various investment plans, funds, and schemes on a regular basis. Investment plans can assist individuals in developing the habit of disciplined investing so that they can build wealth over time and attain their long-term financial goals.

Some of the greatest investment plans in India allow us to invest our hard-earned money in a methodical manner in various money market items in order to meet our financial goals. Investment plans provide the critical benefit of optimising savings through long-term, disciplined investing and future wealth growth. The first step in creating an investment strategy is to assess your financial needs and risk profile.

Types of Investment Plan

Before you make any investment, make sure you conduct thorough research and select an investment plan that provides long-term stable returns, capital appreciation, and tax advantages. Before selecting the best investment plan with a high return, it is critical to analyse the risk connected with the investment. The probability or possibility of the asset running into a loss or performing below expectations can be regarded as a risk in an investment plan. Different investment plans have been classified based on the risk component.

Low-risk investment

Low-risk investment alternatives are preferred by investors with a low-risk appetite who want their investment portfolio to have little or no volatility. These investment strategies are known for providing consistent and steady capital growth with minimal risk involved.

Even though these investments often provide assured returns, investors may need to commit to a long-term investment to see a significant return. Some of the top low-risk investment possibilities include Public Provident Funds, Senior Citizen Schemes and Pension schemes.

High-Risk Investment

Investors with a high-risk appetite and a primary goal of long-term wealth growth should choose high-risk investing programmes. The majority of high-risk investment plans involve significant volatility, but the potential for a large long-term return is also very strong. Let’s take a look at some of the high-risk investment options on the market.

Medium Risk Investment

Investment plans with a moderate or medium risk profile include balanced and diversified portfolios. Medium-risk investment plans not only offer growth potential but also protect against market volatility up to a certain point. Medium risk investment plans are used to diversify an investor’s investment portfolio by combining debt and equity assets to produce a stable return with moderate risk. The following are some of the most frequent medium-risk investment strategies.

Benefits of CareShield Life Investment Plan

It is critical that we plan ahead of time for our future long-term care requirements, but determining how much to save may be challenging given the uncertainty of long-term care costs. Insurance plans like CareShield Life assist to share our risks and safeguard us from potentially catastrophic long-term care expenditures.

CareShield Life is a low-risk investment that offers basic financial assistance to Singaporeans who become seriously incapacitated, particularly in old age, and require long-term personal and medical care.

Here are the following benefits of CareShield Life:

Lifetime protection

You are protected for life once you have paid off all of your premiums, which will happen in the year you reach 67 or 10 years after you join the programme, whichever comes first.

Cash payments for life

  • You will get paid on a monthly basis for as long as you are seriously incapacitated.
  • Payouts are made in cash so that you and your caregiver have the freedom to choose your preferred care arrangements (e.g. home care or nursing home care)

Monthly payouts begin at $600 per month and gradually climb over time.

Your monthly payments will grow annually until you reach the age of 67, or until you make a successful claim, whichever comes first. Once a new claim is approved, your monthly payout will be set for the duration of your severe impairment.

Payouts will rise at a 2% annual rate from 2020 through 2025. Following that, an independent CareShield Life Council will suggest payment increases and commensurate premium modifications.

If you are 67 years old or older when the programme becomes available to you, i.e. born in 1954 or earlier, your monthly benefit will be fixed at $612 per month.

Global coverage

You will continue to be protected, will be able to file claims regardless of where you live, and will get reimbursements.