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saving Plans

A savings plan is a unique financial tool that allows you to systematically save for your future needs while protecting your life. Also, it helps you grow your money with stable profits, making it a low-risk investment option. A savings plan provides the beneficiary with a death benefit in the event that an unfortunate event occurs during the term of the contract.

With a savings plan you can save a certain amount of money on a regular basis without putting too much strain on your finances. This way you can build up your savings pool in a targeted manner and prepare for your future financial needs.

Savings plans often offer stable returns that can help you grow your savings over time. They help you fight inflation, plan your financial goals and live a financially secure life. Savings plans are generally designed with long-term savings goals in mind, such as retirement, college, or home purchase.

Employee Provident Fund (EPF)

The Employees' Provident Fund (EPF) is a government-sponsored savings plan that can help employees in the organized sector save for their future needs such as a financially independent pension. Under this program, employees contribute a portion of their salary to the fund and the employer also contributes the same amount. The EPF scheme is managed by the Employees Provident Fund (EPFO).

Public Provident Fund (PPF)

The Public Provident Fund (PPF) is a long-term savings program supported by the Government of India. This can help you build your retirement savings or save for your long-term financial goals. PPF is a low-risk investment option, ideal for earning guaranteed returns. This program is suitable for people who want to invest between ₹500 to ₹1.5 lakh per year.

Money Back Plans

Cashback plans are another type of life insurance plans that offer guaranteed payments at maturity in addition to the sum assured paid to the owner in the event of the insured's death during the policy term. They can be a low-risk option for achieving various financial goals, such as children's education, marriage, or other life goals.

Unit-Linked Insurance Plans (ULIPs)

Unit Linked Insurance Plans (ULIPs) are investment grade insurance products that combine the benefits of life insurance with cash growth. They offer life insurance with the option to invest in equity, debt or hybrid funds~. Thanks to their diverse investment options, they adapt to every taste in risk. They also allow investors to switch between funds depending on their investment goals and risk tolerance.

National Pension Scheme (NPS)

The National Pension Scheme (NPS) is a pension scheme promoted by the Government of India and regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It aims to provide pension benefits to employees in public, private and unorganized sectors. The scheme offers tax benefits1 under Sections 80CCD(1) and 80CCD(2) as well as various investment options to grow money.

Endowment Plans

Retirement plans are a type of life insurance that provide both life insurance and a savings component. These programs are designed to provide a savings element that can help investors achieve their future financial goals and provide financial security to the insured's dependents in the event of an unfortunate event.

Senior Citizen Savings Scheme

The Senior Citizen Savings Scheme can be opened by people aged 60 years and above or 55 years and above in some cases. The scheme can offer risk-free returns and help senior citizens fight inflation while also ensuring financial security. The scheme is also supported by the Indian government.

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