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Planning Your Financial Game: A Cricketing Approach

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November 22, 2023

If you follow and understand cricket, you already know how to play financial innings. Without any pre-match build-up, let's see how cricket can help you understand your financial role and needs.

1. Start of innings / Keeping the wicket

A new batsman at the crease may be anxious about his performance and would like to keep his wicket intact so as to score and cement his spot in the team. This calls for avoiding risks and protecting his wicket at all times. The runs will come in due time.

While planning your financial game at the beginning of your financial journey, it is important to get term insurance to build a solid foundation. Term insurance plans act as a safety net for the team's or, in this case, the family's interests.

2. Mid Game

Both teams settle in once the initial overs are out of the way. Consider a batsman at this stage of the game. Here, his strategy for his innings would be to play to ensure a good total for his team. All this while opting for as low a risk as possible.

Similarly, when setting financial goals and making a financial strategy, you would want to follow the same steps. To achieve all your financial goals such as the education of your child, long term wealth creation or retirement planning, consider investing in HDFC Life Savings Plans which offer benefits such as regular income1, guaranteed2 returns, life cover, death benefit and maturity benefit at the end of the policy term depending on the plan that you have opted for.

3. Closing the innings / The Finisher

The captain has to continuously assess the situation and rotate the bowlers, the fielders, and the batting order. He is the face of the team, and along with all of this, he also has to play well himself. The wise batters know when and which ball to hit. The thinking bowler knows where and how fast the next ball should be bowled. These players usually have the most responsibility in the game and are usually tasked to finish the game.

So when it comes to your financial game, the strategy would be to prepare for the golden years of retirement while you still have time on their side. That said, you also have to fulfill responsibilities along the way. Their priority is winning the financial game for your family and for your own comfortable retirement.

No matter your life stage, a savings plan can help you plan your financial game and make financial strategies for all stages.

4. Game Set

Financial planning is similar to cricket. Strategies are made according to one's priorities, stage, ability and needs. These can be in cricket or in the financial game of life.

HDFC Life plans will stand by you as a valuable tool no matter which strategy you employ or what stage of life you are in.  

Related Articles:

 ARN: ED/11/23/6263

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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1. Provided all due premiums have been paid and the policy is in force.

2. This applies to Income Variant, whereby guaranteed income is paid on survival of Life Assured during the policy term, provided all due premiums are paid during the premium payment term.

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