Invest Befikar with Bajaj Allianz Future Wealth Gain

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Invest Befikar with Bajaj Allianz Future Wealth Gain

Rarely do we come across anybody who gets excited about watching a show or reading an article that reminds them to invest systematically or to insure their lives. Long term investments sound like a smack of wisdom and insurance makes a rather uninteresting proposition. On the other hand, the news about a trader who traded in stocks with borrowed money and became a millionaire makes thrilling headlines.

Best Investment advice is often boring

We tend to forget that what is exciting now can be terrifying later and the best advice is often boring. Perhaps Bajaj Allianz Life Insurance realizes this psychological barrier very well, so when the company launched its Future Wealth Gain plan last month, they tried to make the event as interesting and creative as possible.

I was invited to the event and had gone with the idea of hearing some serious talks. Instead, I found that the team had organized peppy talk show and games centred on the theme of saving money, to engage the audience while educating about the concept of the product. I will also try to keep this post as simple as possible.

Bajaj Alliance Future Wealth Gain launch

As you have rightly guessed, this post is about: 

Future Wealth Gain: a Unit Linked Endowment Life Insurance Plan

In an earlier post, I had elaborated on why preserving and growing money are two key investment objectives. Our other investment goals could be to create income from the capital base, to save tax, or to save for big expenses like buying a house, planning vacations abroad, or discharging financial responsibilities like funding children’s education or marriage.

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Are you making your money work for you?

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Are you making your money work for you?

It’s not how much money you make, but how much money you keep, how hard it works for you. ~Robert Kiyosaki

Just as you work hard to make money, you must ensure that your money also works for you. Merely saving money is not enough, it should be invested properly so that it grows in value and helps you to realise your financial goals.

 

Why do you need to grow your money?

Nobody needs to be told how unpleasant inflation is! It erodes the value of your money. As prices go up due to inflation, the same money will fetch you lesser goods. You cannot control inflation but you can beat the inflation by protecting yourself against it. That is possible when your money also grows in value at least equal to or more than the increase in the cost of living.

Your investment should help you at least to preserve the purchasing power of your money.

 

Lifestyle Inflation

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