Amidst the daily struggles and hardships of life, you surely deserve a break where you can enjoy quality time with your family. Perhaps, an international trip is surely a great choice to explore new places, witness unique cultures and gain a new experience in life.
However, as the costs associated with a foreign trip are exceptionally high, you need to have a solid financial investment in place to help you achieve the capital required for international trips. A savings plan is a great investment tool to accumulate funds for a comfortable future.
These plans allow you to save your money and generate an enormous corpus out of it in a specified timeframe. While there are many savings plans available in India, choosing the most ideal one requires thorough research and time.
To make things less overwhelming for you, here’s a compiled list of the best savings plans with unique features to help you save your money for a better and comfortable future. The article will also inform you about the various benefits offered by different plans.
1. HDFC Life Sanchay Par Advantage
Having a family with kids means a long wish list to be checked off. Going on vacations is a fun way to strengthen family bonds with each other. That being said, any family trip requires a good budget especially if it’s an international trip. A savings plan can help you live the present moment to the fullest while ensuring you have enough for the times of emergency.
So to help you conquer all your aspirations and dreams, HDFC Life features the Sanchay Par Advantage life insurance savings plan that allows you to live life on your terms, without having to worry about the future of your family by helping you build a legacy for them.
The survival benefits offered with this plan can be availed as yearly as from the first year of the policy. Moreover, the plan also offers a comprehensive life cover to protect your family’s future financially in the event of your unfortunate death.
2. Exide Star Life Saver
If you want to enjoy tax savings benefits in addition to the accumulation of your wealth, you must take a look at the Star Saver Savings Plan by Exide Life. It provides you assured maturity benefits free of taxes and also offers complete protection throughout the policy tenure.
As the plan features guaranteed benefits upon the maturity of your plan, your funds are always safe. Moreover, for premium payments of just five years, you can also enjoy a death benefit for the entire tenure of your policy.
To make the coverage even greater, this savings plan also provides accidental death benefits and allows you to save money on taxes through its tax-savings benefits under section 80C of the Income Tax Act of India.
3. SBI Life Smart Platina Assure
The SBI Life Smart Platina Assure is a non-participating and non-linked guaranteed income plan that helps you achieve all your dreams in life that require a significant financial investment. It ensures guaranteed returns for a limited set of premiums.
The plan provides an unparalleled level of security to your loved ones by covering you against various eventualities, including the event of your unfortunate death. Moreover, you can also choose from monthly and yearly premium payment options for greater flexibility.
It can be availed online with an easy-to-follow process, requiring minimal paperwork. Additionally, there are various guaranteed additions available in the plan that not only make it more reliable but also allow you to personalize the policy as per your needs.
4. PNB Metlife Guaranteed Future Plan
For people who want to save their money systematically, and keep it safe from the volatile conditions of the market, PNB Metlife Guaranteed Future Plan is surely a perfect match. It allows you to accumulate savings for any unforeseen events in life.
The plan also involves various long-term post-tax returns that make it exceptionally competitive, and it allows you to choose from three different benefit options including lump sum, income, and a combination of both.
Moreover, it also assures guaranteed returns that may range between 103% to 245% based on the annualized premium. On top of that, this savings plan also allows you to choose from varying premium payment options such as 5, 7, and even 15 years.
5. Canara HSBC Oriental Bank Of Commerce – Invest 4G Plan
To gain the greatest value for your hard-earned money, the Canara HSBC OBC Invest 4G Plan is the most promising financial instrument available in the market. It is a unit-linked life insurance savings plan that provides various customizations for greater flexibility.
With this plan, you can modify the preferences as per your evolving requirements and financial milestones. It also packs some of the greatest portfolio management options and allows you to invest your funds in the right instrument for maximum benefits.
Moreover, the charges you incur during the policy term for mortality will be added to your total fund value at the maturity of your policy. Additionally, you can choose from three different cover options, personalized for different stages of life.
It also includes a wide range of wealth boosters and loyalty add-ons in the mid of your policy term in form of additional allocations that supercharge your investments and provide even better returns. Therefore, make sure you check it out.
In case you’re worried about withdrawals, it’s worth knowing that the plan also provides systematic withdrawal options that allow you to make income streams for covering daily expenses during the tenure of your policy.
Life is full of ups and downs, but the one who enjoys it to its fullest never regrets anything. If you also want to fill your life with excitement and thrill, you should consider doing an international trip in the future.
To accumulate the savings required for it, you can choose from various savings plans available in the market. There are several savings plans such as ULIP, guaranteed income plans, and so on to fulfill your future financial needs.
Make sure you take a look at the plans listed above to make the process easier for yourself. Moreover, always read the documents carefully and keep the benefits and drawbacks of all the shortlisted plans in mind.