5 Unexpected financial emergencies that you should be prepared for
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Table of Contents
A medical emergency
A job loss
The death of an earning member in the family
Major property damages
Investment losses
Conclusion
7 hacks to help you get into the habit of saving more
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1https://www.moneycontrol.com/news/business/economy/at-least-5-46-million-indians-lost-jobs-in-october-cmie-data-7668421.html
3 Provided all due premiums are paid
ABSLI Nishchit Aayush Plan. This is a non-linked non-participating individual savings life insurance plan. UIN No 109N137V06
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
~ 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 ₹45,900 (45,900*40=18,36,000) + Maturity Benefit (₹16,80,000)= ₹35,16,000
ADV/5/22-23/354
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