You have no recent searches! Please start exploring our plans & calculators. You can also explore various queries by typing a keyword. Or you can also search by tags listed here.
Financial planning is at the heart of every purchase and expenditure. This is why even purchasing a smartphone requires some financial forethought. Such as;
In some ways, buying a new smartphone is similar to defining a goal and working towards it.. Not just that, you might even want to prioritise your purchases so that you can get your smartphone at the desired time. Any other purchase, including a Term insurance policy, would work in the same way.
When it comes to choosing between a smartphone and a term insurance policy , the former is frequently the better option . How far, ultimately can a smartphone take you ? Especially when it comes to securing your family’s future? Consider how a term policy might help you plan your short and long term financial goals when you’re defining your financial goals .
You may then want to rethink buying that new smartphone and invest in a Term Insurance policy instead.
Financial goals are the end goals or objectives for which you make a financial plan and save or invest money to achieve them. These financial goals can be short-term ones. For eg. buying a car or long-term ones like purchasing a house or financing your children’s higher education.
A successful financial goal is one that may be met or achieved through financial planning at any stage of life. When it comes to term insurance policies, there are a few things to keep in mind. Having a financial goal is crucial because it allows you to develop a financial strategy to achieve your objectives .
While purchasing a term policy, here are two things one should remember:
Setting Financial goals and planning go hand in hand because you can’t attain your financial objectives without both . Without financial goals, it can be difficult to make a financial plan for yourself and your family. They also help you in becoming financially organized and make life much easier. While the main objective and benefit of financial planning is to save money, here are a few other benefits of setting financial goals:
Achieving financial goals helps us become financially secure. You can fulfil all your dreams by planning your goals strategically. This not only helps you lead a more financially disciplined lifestyle but also gives you better ideas to protect your family’s future.
While owning a smartphone can certainly enhance our life, it is also essential to safeguard this joy . This is where a term insurance plan takes the wheel and at a very affordable rate too!
It is no secret that term plan premiums are quite affordable, and yet, term plans can provide a very great extent of coverage through an adequate sum assured. And furthermore, you can also increase the coverage with the help of some useful riders# that are designed to meet specific emergencies such as accidental death and disability or critical illnesses.
The next time you want to buy a newly launched phone, think of the ways you could invest that money for achieving your financial goals. If you have your financial goal and planning in place, you will observe that refraining from spending on unnecessary things becomes very easy.
You can get a term insurance plan at a fraction of what the best smartphones cost. If you take a term policy in your twenties and thirties, you can get affordable term insurance with premiums that possibly cost less than the smartphone’s EMI payments!
Investing in your and your family’s financial future is more important than buying a smartphone every year. Know that uncertainties in life can bring challenging situations. By investing in your financial future, you will be ready to face any challenges.
Term insurance is necessary to secure your family from any eventualities of your unfortunate death. By purchasing a Tata AIA term plan online, you can create a secure financial safety net for your family.
By submitting your details, you are giving your consent to receive SMS/Call by Tata AIA Life Insurance Company Limited or its representative, with reference to this solicited inquiry even though you may be registered on the DND list. L&C/Advt/2019/Jan/075