When and How to Begin Your Financial Investments?

September 5, 2021

5 min read

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Disclaimer : ABSLI Nishchit Aayush Plan (UIN No 109N137V12) is a non-linked non-participating individual savings life insurance plan.
^ Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode. ^*Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,00,000 (Exclusive of GST.). Annual Income of ₹ 32,750 (32,750*40=  13,10,000) + Maturity Benefit (₹20,00,000)= ₹ 33,10,000 ADV/3/24-25/3076.

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The share of term policies to total business doubled to about 5-7% in 2015, mainly due to the increasing popularity of online policy sales. If you are planning to buy a term plan, you must use the term insurance premium calculator available online in order to determine the most affordable premium amount.

On the other hand, if you are yet to start investing and are wondering when would the right time be to do so, read on. You should start investing as soon as you start earning, whether it is a full time job or you are freelancing with studies. As you move ahead in life, financial responsibilities are only going to getting bigger. Therefore, the earlier you start, the better off you are!

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ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN: 109N137V12)
^ - Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode.
~Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,20,000 (Exclusive of GST.). Annual Income of ₹ 42,360 (42,360*40=  16,94,400) + Maturity Benefit (₹16,80,000)= ₹ 33,74,400
^#Provided all due premiums are paid