Empower Your Future With a Single Stroke
Give ₹1.2 lakhs/year for 10 years &
Get ₹29.79 lakhs1 lumpsum at maturity.
One-Time Investment Plans (OTIPs) offer several unique advantages:
Invest your entire desired amount at once, eliminating the need for recurring contributions.
OTIPs can benefit from the power of compounding, where your returns also earn returns, potentially boosting your overall growth over time compared to regular smaller investments made later.
Choose from various investment options like mutual funds, bonds, stocks, and insurance plans, allowing you to tailor the plan to your risk tolerance and financial goals.
Set up your OTIP once and leave it to work its magic. This can simplify your investment management compared to actively managing regular contributions.
Compared to regular investments with frequent transactions, OTIPs often involve a single transaction fee, potentially saving you money in the long run.
Remember, while OTIPs offer benefits, it's crucial to understand the associated risks before investing. Consider seeking professional financial advice to ensure an OTIP aligns with your individual financial goals and risk tolerance.
A one time investment plan is an excellent option for individuals looking to grow their wealth efficiently while minimising the complexities of regular contributions. Here are the key advantages:
With a one time investment plan, you make a single, upfront payment, eliminating the need for periodic contributions.
This simplicity makes it ideal for individuals with irregular income or those seeking a hassle-free investment approach.
One-time investment options allow your money to grow over time, leveraging the power of compounding.
Many plans are market-linked, offering higher returns compared to traditional savings schemes.
Plans can be tailored to your financial goals, whether it’s wealth accumulation, retirement savings, or funding a child’s education.
You can choose from a variety of one-time investment options, including ULIPs, mutual funds, and fixed deposits, based on your risk appetite.
Certain one time investment plans in India offer tax deductions subject to Section 80C, reducing your taxable income.
Returns from these plans may also be tax-exempt subject to Section 10(10D)**, ensuring efficient wealth growth.
Ideal for investors with a long-term horizon, these plans help you achieve significant financial goals by staying invested over time.
Market-linked options such as ULIPs and mutual funds provide opportunities for substantial capital appreciation.
A one time investment plan offers access to various asset classes, from equity and debt to hybrid funds, enabling diversification to minimise risks.
Investors can balance their portfolio based on market conditions and financial goals.
Certain one-time investments, like mutual funds and ULIPs, provide partial withdrawal options, ensuring access to funds in emergencies.
You can select plans with maturity terms that align with your financial needs, ensuring flexibility.
By choosing the right one-time investment plan in India, you can enjoy the dual benefits of simplicity and high returns, making it a smart choice for achieving your long-term financial objectives.
Before diving into a One-Time Investment Plan (OTIP), it's essential to weigh various factors to ensure it aligns well with your financial situation and goals. Here are some key aspects to consider:
How long do you plan to invest your money? OTIPs are generally suitable for medium to long-term goals (5+ years). Shorter timeframes may expose you to greater market volatility.
How comfortable are you with potential fluctuations in the value of your investment? OTIPs can involve higher risks compared to safer options like fixed deposits.
What are you saving for? OTIPs can be a good fit for various goals, but it's vital to choose an option compatible with your specific needs.
Do you have a basic understanding of different investment options and their associated risks? Consulting a financial advisor can be beneficial if you're new to investing.
Do you have a readily accessible emergency fund to cover unexpected expenses? It's crucial to have a safety net before investing any funds you might need in the short term.
Research the tax implications of different OTIP options. Some plans may offer tax benefits*, while others may not.
Remember, choosing the right OTIP is a personal decision. Carefully consider these factors and consult a financial advisor if needed to make an informed decision that aligns with your individual financial circumstances and future aspirations.
It’s a plan where you invest a lump sum amount just once, instead of paying regularly. It’s great if you have extra money and want to grow it over time.
Traditional investment plans often involve making smaller, regular contributions (monthly, quarterly, etc.). With an OTIP, you put in your entire investment amount at once.
Potential for higher returns through compounding, convenience, flexibility (in some plans), and the ability to tailor them to specific goals.
Market fluctuations can impact your investment value, and some OTIPs may have lock-in periods restricting access to your funds.
Individuals with a lump sum to invest, long-term investment horizons, and a tolerance for potential market risks.
Investment horizon, risk tolerance, financial goals, investment expertise, emergency fund, and tax implications.
Withdrawal options vary depending on the chosen plan. Some may offer partial withdrawals after a lock-in period, while others may have restrictions.
No, OTIPs are not guaranteed#. The potential returns depend on the chosen investment option and market performance.
Fees can vary depending on the plan and investment option. It's important to research and compare fees before making a decision.
Consulting a financial advisor can be beneficial, especially if you are new to investing or need help choosing the right OTIP for your needs. They can provide personalized guidance based on your specific circumstances.
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details
#Provided all due premiums are paid.
1Scenario: Healthy male age 25 years, premium paying term 10 years, policy term 20 years, payment frequency annually, Sum Assured Rs. 16.2 lakhs, Premium Rs.1.2 lakhs/year excluding GST), you get Rs. Rs.29,79,600/- by age 45
ABSLI Assured Savings Plan - This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Non-Participating Individual Savings Life Insurance Plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to Your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. All policy benefits are subject to policy being In-force. Customer Helpline Numbers: 1-800-270-7000 (Toll Free) between 10 am to 7 pm (UIN: 109N134V11).
In the Unit Linked Policy, the investment risk in the investment portfolio is borne by the Policyholder.
Linked Life insurance products are different from the traditional life insurance products and are subject to the risk factors.
Linked Insurance Products do not offer any liquidity during the first five years of the contract.
The policyholder will not be able to withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The premium paid in unit linked life insurance policies are subject to investment risk associated with equity markets and the unit price of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits may be available as per prevailing tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.
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