By: Tarun Prakash Srivastava, Sr. Executive Editor-ICN Group
Today, in life, uncertainty is seen everywhere in the market as well as in the world, and there is a risk of loss up to 100 percent.
Investments in Insurance Plans
We have got brief information about the idea and procedure of insurance above and understood that the investment made in insurance plans could not only benefit us at the stipulated time but from the date of the purchase of insurance policy, it provides guarantee to ensure our lives and provide the sum insured to our family in case of our death before the maturity of the policy also. I have read somewhere –
“Only one thing is certain in the world and that is UNCERTAINTY”.
Today, in life, uncertainty is seen everywhere in the market as well as in the world, and there is a risk of loss up to 100 percent. I have got my savings saved at least to the lowest level, and this is only because of insurance plans. Today my family is financially safe up to a minimum level at my immediate death, and this idea always flows an extra energy in me and inspires me to measure new heights of the future. It is said about the insurance –
“Insurance is the subject matter of solicitation” means “insurance is the object of insistence” but I have a very clear belief that today’s fastest rate of life, it is an urgent need for everybody and now, we should say that “insurance is the subject matter of necessity”.
There are many types of insurance plans in the field of insurance that protect with investment in different ways. There are also some schemes which, although, do not return anything over the maturity period, but insurers of your maximum life value on a very less annual premium amount and provide the aggregate sum assured to the family of the deceased whose life was insured and such payment is tax free and as such, these plans provide security and financial protection to the family in the absence of the deceased so that the predetermined plans may be completed on its time.
In the field of insurance, pension plans, endowments plans with agreed maturity amount and money back plan, etc. are very popular, and I advise that a part of your total investment must be invested in the insurance sector so that you at least with a sense of minimum security can travel your journey of money smoothly.
Other personal options for investment
I have tried above to introduce you to some popular investments, but with each of these options, every person has many other options personally also. One of my colleagues, Mohammad Meraj Siddiqui, followed the principle of “first payment to self” and created some extra money of fifty thousand rupees in a while and then through some friends of his hometown who are farmers, invested this money in potato cultivation, and in just three months, he earned twenty thousand rupees as profit, i.e., 160 percent per annum on the amount invested by him. It may be that every person does not have these mediums of investment, but many other mediums may be available for providing such low or high returns. But pay attention to one thing – invest your money through a skilled businessman or investor, otherwise, your money may be lost. I further advice to divide your entire savings and income into many parts and invest each part in a different medium so that the possibility of risk can be reduced and even if you are facing loss by any means, the income from other means may adjust such loss.
We are getting brief information about the options to invest your single-handedly earned money in the various investments to earn benefit on the higher rate of savings, but I want to tell you that each option is a big and detailed topic in itself, and you should apply them only in consultation with the experts and skilled counselors only.
I welcome your visit to this halt of travel, and I understand that the person inside you is now born who understands the nature of money and its behavior in its ideal sense. I am feeling very happy that you are out of the wild forests of confusion and suspicion and you are now following the path of success. How beautiful the world is, how pleasant this nature is and how much merciful the God is; now I do not need to tell it.
Tarun Prakash Srivastava
From my book ‘Science of Money’ available on Amazon.com in English at http://bit.ly/Science-Of-Money and in Hindi at http://bit.ly/साइंस-ऑफ़-मनी
