How to make your financial future

How to make your financial future

Secure
It’s never too early… Most smart homemakers now plan for the future, but are you doing enough? Here are some investment options
FOR YOU AND YOUR PARTNER
Jeevan Saathi (Life Insurance Corporation) this is for couples between 20 and 50. Premium payments cease on the death of either partner. Accident benefit premiums are paid to both. However, women who have had two or more caesarean sections are nor eligible.
Minimum sum assured: Rs 30,000 Minimum premium: Rs 800 per annum Mode of payment: Yearly (premiums depend on plan) Maturity period: 70 years.
Jeevan Bharati (Life Insurance Corporation) Exclusively for women between 18 and 50, it provides funds at regular intervals for marriage, illness and education. You’re also entitled to bonuses. Once you pay premiums for two years, you can avail life cover even if you default for the next three years. You get maximum benefits up to Rs 2 lakh for ailments such as breast cancer and uterine cancer. If your child suffers from certain congenital disabilities listed, you can avail up to Rs 1 lakh for two children. You can also pay the next year’s premium in advance to avail attractive rebates. Minimum sum assured: Rs 50,000 Maximum sum assured: Rs 25, 00,000 Minimum ages at entry: 18 years Maximum age at entry: 50 years -; Mode of payment: Yearly (premiums as per plan) Maturity period: 70 years.
Jeevan Sneha (Life Insurance Corporation) Another policy for women from 18 to 50 offering periodic returns, encashment at will and attractive benefits. Pregnancy and childbirth risks, accident benefit are other pluses. The physically handicapped are eligible too. Minimum policy amount: 50,000 Maximum policy amount: 500,000 Maturity period: 20 years