Raj's journey is a testament to the importance of planning for one's future needs at every stage of life. He can now relax and let his life's work and earnings take care of his financial needs after he retires. He decides to invest in a critical illness plan, creating an alternative source of income for his family in case he gets a serious illness.įinally, as Raj approaches retirement, he plans for his golden years by investing in a retirement plan. This way, he can make sure that his child's dreams are never compromised due to financial constraints.Īs Raj grows older, he starts to worry about the risk of serious illness. He invests in a child plan that offers a payout based on milestones in his child's life. When Raj's first child is born, he wants to make sure that his child's future is secure. This is the most cost-effective way to protect his financial dependents from the risk of his death. To secure their future, he invests in a term cover plan.

This will help him grow his wealth over time and provide a reliable source of income.Īs he starts a family, Raj realizes that he has financial dependents. He decides to invest in a ULIP plan, a type of life insurance plan that generates returns on his money through investment in equity and debt funds. Raj is ambitious and wants to make his money work for him. This plan will pay him a lump-sum amount after a certain amount of time, helping him achieve his financial goals. He decides to invest in an endowment plan, a medium for reliable long-term investment. Raj knows that the best time to start is as soon as he receives his first paycheck.Īs he grows older, Raj wants to grow his money further. He decides to invest in a savings plan to build a corpus for his future needs. As he starts earning his own money, he realizes the importance of planning for his future needs. Meet Raj, a young man from India who just got his first job. Life Insurance Plans - With You, Every Step of the Way! ABSLI Pradhan Mantri Jeevan Jyoti Bima YojanaĪBSLI Group Bima Yojana Plan (Micro Insurance)

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