Summary
Women are getting empowered in every field. Whether it is earning money or making smart investments, they spend money only after assessing every aspect. Tomorrow, 8 March, is International Women’s Day. In such a situation, women must invest in three products for a strong financial future. Kalicharan’s report tells the complete math of investment-
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Super Top-up Health Insurance
Super top-up health insurance is an additional cover for those who already have a policy. This gives a lot of relief in the treatment of major diseases, the cost of which comes to 15-20 lakhs.
- In this, super-top up comes in handy when the cost of treatment of any disease exceeds the limit of your general health insurance policy.
- You have a health insurance policy of 10 lakhs, which doesn’t seem like enough to you. In such a situation, by taking a top-up of 15 lakhs, you can cover Rs 25 lakhs.
- Suppose you got sick thrice in a year. In the first time, the cost of treatment was 8 lakh rupees, in the second time 6 lakhs and in the third time 5 lakhs was spent.
- For the first time, the cost of treatment will be covered by the health insurance policy. Still you will have two lakh left.
- Rs.2 lakh will be deducted from health insurance policy and Rs.4 lakh from super top-up on expenditure of 6 lakhs.
- For the third time, you will be able to pay the full treatment cost of 5 lakhs with the super top-up plan. Even after this, the cover of Rs 6 lakh will remain with you.
There has been a lot of change in the thinking of women regarding retirement in the last few years. Now she does not think of sitting at home after retirement, but tries to fulfill her unfulfilled wishes. For this, it is necessary to have adequate funds, which is not possible with traditional investments like Employee Provident Fund or Public Provident Fund alone.
Active Equity Option in NPS
In such a situation, choosing the Active Equity option in the National Pension Scheme (NPS) can prove to be effective. In this, most of your money is invested in equities during the investment tenure, which gives good overall returns. If today you are 30 years old and spend Rs 50,000 every month, then by retirement in 50 years you will need a corpus of 3 crores. For this, Rs 48,000 will have to be invested every month.
If you invest Rs 25,000 every month in EPF alone, then in 50 years you will have a corpus of 1.58 crores. But, if you do the same amount in NPS, then the capital of 2.50 crore will be deposited according to 12 percent return.
Invest in Flexi Cap, Midcap, Index Funds
Traditional investment methods are no longer effective in times of inflation. To meet future financial goals, 30-40 per cent of the investment corpus must be invested in flexicap, midcap and index funds. There is little risk involved. To avoid this, consult the fund manager and invest only after assessing the risk. Anuj Gupta, Vice President, IIFL Securities
Expansion
Super Top-up Health Insurance
Super top-up health insurance is an additional cover for those who already have a policy. This gives a lot of relief in the treatment of major diseases, the cost of which comes to 15-20 lakhs.
- In this, super-top up comes in handy when the cost of treatment of any disease exceeds the limit of your general health insurance policy.
- You have a health insurance policy of 10 lakhs, which doesn’t seem like enough to you. In such a situation, by taking a top-up of 15 lakhs, you can cover Rs 25 lakhs.
- Suppose you got sick thrice in a year. In the first time, the cost of treatment was 8 lakh rupees, in the second time 6 lakhs and in the third time 5 lakhs was spent.
- For the first time, the cost of treatment will be covered by the health insurance policy. Still you will have two lakh left.
- Rs.2 lakh will be deducted from health insurance policy and Rs.4 lakh from super top-up on expenditure of 6 lakhs.
- For the third time, you will be able to pay the full treatment cost of 5 lakhs with the super top-up plan. Even after this, the cover of Rs 6 lakh will remain with you.
Loan up to 90% is available on the amount deposited in Flexi FD
In the last few years, there has been a lot of change in the thinking of women regarding retirement. Now she does not think of sitting at home after retirement, but tries to fulfill her unfulfilled wishes. For this, it is necessary to have adequate funds, which is not possible with traditional investments like Employee Provident Fund or Public Provident Fund alone.
Active Equity Option in NPS
In such a situation, choosing the Active Equity option in the National Pension Scheme (NPS) can prove to be effective. In this, most of your money is invested in equities during the investment tenure, which gives good overall returns. If today you are 30 years old and spend Rs 50,000 every month, then by retirement in 50 years you will need a corpus of 3 crores. For this, Rs 48,000 will have to be invested every month.
If you invest Rs 25,000 every month in EPF alone, then in 50 years you will have a corpus of 1.58 crores. But, if you do the same amount in NPS, then the capital of 2.50 crore will be deposited according to 12 percent return.
Invest in Flexi Cap, Midcap, Index Funds
Traditional investment methods are no longer effective in times of inflation. To meet future financial goals, 30-40 per cent of the investment corpus must be invested in flexicap, midcap and index funds. There is little risk involved. To avoid this, consult the fund manager and invest only after assessing the risk. Anuj Gupta, Vice President, IIFL Securities