As you grow older, your risk appetite is likely to diminish. And typically it should, since you may have fewer years to retire and would like to protect the wealth that you have gathered over the years. You may still like to benefit from the upside that the equity markets offer but you do not want to take any uncalculated risk. Ideally, you seek a balanced portfolio of equity and debt as you grow old, wherein the equity component helps in capital appreciation while the exposure to debt helps you to maintain stable returns.
IndiaFirst Life's Money Balance Plan offers you a choice of two funds - Equity1 fund and Debt1 fund.
The Equity1 fund aims to achieve a high real rate of return over the long run while the Debt1 fund aims to beat the rate of
inflation in the long run giving consistent returns at low risk.
If you invest in the Equity1 Fund, your earnings in this fund (if the return is 10% or higher) are automatically transferred in the safer Debt1 Fund.
The ‘automatic trigger' based investment strategy ensures you have a healthy balance of equity and debt as you grow older. You also have a life cover that promises a fixed sum (sum assured) in case of the life assured's unfortunate demise/ death.
You can enjoy the benefits up to 25 years by paying regularly or for a short period of time (limited pay for 7 years). Alternatively, you can simply choose to pay only once and remain invested for up to 20 years.
You also have the option to switch between funds/ move between equity and debt based on your individual needs with 52 free switches in a year! In case of any financial emergency, you can partially withdraw your money after 5 years. You also have a loan facility in case of any emergency during the first 5 years of the plan.
You can also enjoy tax exemption under Sec 80 C and 10 (10D) of Income Tax Act, 1961.
It is always prudent to avoid putting all your eggs in one basket. As time goes by, you will need more assurance that the money you have invested is safe and that the market need not be timed to make good investment decisions. With the IndiaFirst Money Balance Plan you can focus on securing returns earned and gain peace of mind.
Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors. Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets and NAVs of the units may go up or down, based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please know the associated risks and the applicable charges from your Insurance Agent or the Intermediary. Read the product brochure carefully before buying the plan.
Insurance is the subject matter of the solicitation. Tax benefits are subject to change from time to time. IndiaFirst Money Balance Plan: UIN 143L017V01. Registered and Corporate Office Address: IndiaFirst Life Insurance Company Ltd., 301, ‘B' Wing, The Qube, Infinity Park, Dindoshi-Filmcity Road, Malad (E), Mumbai - 400097. Website: www.indiafirstlife.com. Registration No: 143. Toll Free No. 1800 209 8700. SMS to 5667735, SMS charges apply.