Bring Your Way Good Financial Planning!
Diwali is just around the corner and like every year, many of us are trying ways of making it special. For example, our friend, Rishi.
Rishi has just received his Diwali bonus and wants to plan a good Diwali gift for his wife. When he took her out for shopping, his wife, Meera, suddenly asked, “Why are you spending so much money on Diwali shopping?”
Rishi comforted her, saying “Oh come on, Meera! The entire year was tough for us, so I just want to make it special for you.”
Light the Lamps of Investment Planning this Diwali
An inclination towards investing huge amounts on Diwali gifts, is not just the case with Rishi. Many of us share this desire of lighting up Diwali for our family with gifts of their choices.
While we consider buying new clothes, jewelry, household appliances, etc. how about also doing some investment planning this Diwali? Especially going by our learnings from 2020, having enough emergency savings is just what we need!
So, let us look at 5 interesting ways in which financial planning can benefit you this Diwali:
Grow Your Savings
In most families, the Goddess of Wealth, Lakshmi Ji is worshipped on Diwali. Devotees seek her blessings for wealth and prosperity.
Life insurance plans enable you to do just this, in the form of ULIPs! Such products open the window for you to grow your savings. So, this Diwali, plan to grow your wealth by choosing our ranked no. 1 ULIP by CRISIL.
Diwali is celebrated on a new-moon day and the lighting of lamps indicates destruction of darkness and evil. Similarly, identifying and eliminating financial mistakes can help you secure your future goals.
For instance, if you are a last-minute taxpayer, you may consider to change that by spreading out your tax planning round the year.
All Indian festivities, especially Diwali, witnesses astonishing amounts being splurged on sweets, flowers, decoration, food, firecrackers etc. You can avoid over-spending by pre-allocating your funds for such discretionary expenses.
By staying invested in plans such as Edelweiss Tokio Life – Wealth Ultima, you will be able to get into a practice of financial planning. Such plans allow you to invest in your choice of fund(s), and that too in any proportion you like.
Gift a Term Insurance Plan
For most of us, we plan grand Diwali gifts because we want to see our family happy in every little way. We aspire to create a smooth and hassle-free lifestyle for them as far as possible.
This Diwali, consider doing the same, differently! Gift your family a term insurance plan to secure their financial future in case of unforeseen circumstances.
Start a Regular Income
In the last few months, we have seen havoc market conditions resulting in pay cuts and a surge in jobseekers. So, it’s wise to opt for a guaranteed and regular income so that it can protect you amidst challenging times.
For instance, a regular income plan like Edelweiss Tokio Life – Active Income Plan. With it, you can start receiving your additional income second policy year onwards. It offers several other benefit options that you can avail to enhance your financial security.
Make Your Diwali 2020 Special!
Diwali is a great time for reassessing your savings and goals. It is an ideal time to identify the way forward with your personal financial planning.
You could seek the assistance of an experienced financial planner to give you comprehensive guidance on investment planning. Or there are enough tutorials available online on basics of financial planning by some great Financial Gurus, like Pranjal Kamra, Mukul Malik, etc.
These have really helped Rishi! He has even lit the lamps of investment planning this Diwali, which made Meera happier than ever.
So, may the lights of Diwali guide you in making the right decisions and destroy the darkness of uncertainties. Edelweiss Tokio Life wishes you and your family a very Happy Diwali!