Skip Navigation
0 of 0 Displaying
 |   Displaying

No Results

    LONG TERM SAVINGS

    Find out the 5 Best Long Term Investment Options in India

    Last Updated On 13-08-2020

    Investment decisions are among the most critical decisions of life. They not only do support your long-term and short-term goals but also serve as cover against unforeseen circumstances. One such important financial decision is to invest in a long-term savings plan. There are plenty of options available in the market you can choose from to invest in. However, before you make your final investment decision, there are a few things you need to consider to make the right and informed decision.

    Here are 5 important things to consider when investing in a long-term savings plan:

    1. Alignment with your goals
      The first and most important thing to consider while investing in a long-term savings plan is your financial goals. Be sure of the fact that this investment option is in alignment with your long-term financial goals. With a long-term savings plan, the tenure of investment is going to be prolonged. Thus, you need to understand that your money will be in a fixed, non-liquid form. It is crucial to stay invested to reap huge benefits at the time of maturity.
      One of the commonly heard situations with people starting to invest is a lack of goals. Goal setting is a crucial task that steers the directions in which your investments must go. If you still have not set your goals, this is the time to sit down and think about your financial future.
      Set long and short-term goals and make investments based on those goals. Though this process will require a lot of endeavours, it will be highly beneficial in the long run.
    2. Liquidity
      Liquidity can be a concern when it comes to a long-term savings plan. You need to take into consideration the liquidity factor at two different phases of investing in a long-term savings plan. Primarily, while you are still investing and secondly when the savings plan is maturing.
      Keeping in mind your individual and family requirements, you need to ensure that the target savings plan provides adequate liquidity to you in case of an emergency and other urgent requirements.
    3. Tax benefits and deductions
      A majority of long-term savings plans come with an additional benefit of tax deductions. Tax benefits can be a driving factor behind investing but should not be the sole priority. You need to ensure that your financial goals are met, along with enjoying tax deductions on the same. Products like health and life insurance come with greater advantage of tax deductions that help bringing down your tax slab. Before you invest in a savings plan, make sure you understand all the tax benefits it has to offer.
    4. Factoring in the risk
      Whenever there is a discussion about investment, the risk is inevitable. Be it market risk, inflation risk, concentration risk and so on, your money is subject to some type of risk while being invested. It is important to conduct a detailed risk assessment and determine the measures that can be taken to hedge against it. A major percentage of risk can be hedged against or balanced with other investments and diligent investing.
    5. Portfolio diversification
      Portfolio diversification is one of the most talked-about, but least understood words in the investing world. A well-diversified portfolio is the one that has investments across different industries and sectors in such a manner that changes in one do not affect the other.

    Although it is difficult to make investments in complete silos, you can achieve a great deal of diversification in your portfolio by spreading your investments across different domains. A lot many times, diversification is misunderstood with overspreading your investments. It is crucial to understand that there are only limited industries and sectors in the investment world that work unaffected by each other. If you keep expanding and over-invest, you will end up nullifying the whole concept of diversification.

    Conclusion
    Practice due diligence while making any investment decisions. Be it a long-term savings plan or a short-term plan, your investment must be aligned with your financial goals and reap desired benefits at the time of maturity. 

    To know more about term plan, term insurance, long term savings & retirement plan visit PNB MetLife website.

    Disclaimer:

    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited
    Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
    IRDAI Registration number 117 | CIN U66010KA2001PLC028883
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969 Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203

    AD-F/2020-21/00215

    BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS /FRAUDULENT OFFERS
    • IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

    LONG TERM SAVINGS

    Choose Money Back Plan to Refill Monthly Cash Need

    At various stages in life, you can have various ambitions, dreams and aspirations for yourself and your family. These include the responsibilities ...

    LONG TERM SAVINGS

    Smoking VS Life Insurance - How it can Impact your Insurance Premium?

    How smoking affects life insurance premium...

    LONG TERM SAVINGS

    Tax Breaks expected from Budget 2017

    There’s a reason why EVERY single adult looks at the Union Budget with great interest—it impacts them on a very personal level, and this is because...

    LONG TERM SAVINGS

    Tax Planning Tips for Salaried Employees

    No one wants to hand over money that they’ve earned over to anyone else. You deserve what you’ve worked for. Here are some easy ways to make sure t...

    LONG TERM SAVINGS

    The Various Types Of Life Insurance

    Life insurance policies are an added security to you and your family in the later years. Given the uncertain times we live in, it is advisable to p...

    Want to know more about how you can protect your family?

    See all our articles

    Have us call you!

    Provide us with your contact details.

    We use this information to find local advisors for your needs.

    OTP sent successfully

    Thank you for getting in touch with us. We will contact you shortly.

    Disclaimer

    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

    Site best viewed in following browsers
    Chrome 70+ , IE 11+, Firefox 76+, Safari 11+