RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Prepping Financially For The Summer Of Your Life

down-arrow
Prepping financially for the summer of Your Life
April 18, 2018

In Unit Linked policies, the investment risk in the investment portfolio is borne by the policyholder.

It's almost here, the dreaded season when humidity is at an all-time high and going outside is limited to only absolute necessities. Nobody wants to be out and about when the temperatures have crossed 40° Celsius and standing outside for even 2 minutes will have you dreaming about a nice, cold shower.

Thankfully, we all have our own little list of hacks that help us deal with the increasing heat. Most of us will get our air conditioners serviced, and rearrange our wardrobes so that those light, breathable, and easy-drying fabrics are within easy reach. The more temperature-sensitive amongst us will also go as far as to change their diet for lighter meals, and more fruits. Isn't it amazing just how much we're willing to do to make life a little bit easier for just a few months?

Well, if we're being honest, people are starting to worry about making their life more comfortable, even in the long run. And while many youngsters may just buy insurance for tax-saving benefits, what they're inadvertently doing is protecting their own futures.

  • Retirement Plan

Retirement plans allows you to build up a corpus of funds while you're working. Then, once you decide to hang up the career boots, you can easily live off the savings you've stacked up. Of course, these plans take inflation and an increase in cost of living into consideration, so you mostly won't end up with less than you need, and you won't have to swap out the luxuries you're used to just to get by. Talk about a win-win situation!

  • Child Plan

As young people settle down, and plan a family, they also need to plan for the ever-increasing financial costs of education. From ensuring your child gets to take part in all their favourite extra-curricular activities, to putting away some money in a college fun, it's important to factor in all kinds of expenses. There are several child plans that you can invest in as soon as your child is born, that allows you to build up a lovely nest egg that they can dip into as and when required.

  • Life Insurance

Despite the fact that the average life expectancy is increasing, life is incredibly uncertain, and we never know if we'll actually live to the ripe old age of 90 or not. In such cases, it's imperative to take out a life insurance policy, as it will give your family some financial stability as they deal with their loss. A good life insurance policy will provide your family with a great financial safety net if anything were to happen to you.

  • Health Insurance

How can you benefit from your own insurance policy? By making sure you have a great health plan. A good medical insurance plan will take care of most of your medical bills, allowing you to save money the money that you would have otherwise had to utilise for a panel of medical tests and treatments. Not a bad idea to safeguard your health and finances, no? Honestly, buying insurance is a simple, one-step formula that provides us and our family members with a financial safety net when things go awry. If we're willing to do so much just for an easy summer, shouldn't we take the one step that will take care of our family's future?

This year, as you gear up for summer, buy yourself a good insurance policy, and ensure that you also prepare for the rest of your life. Insurance can help you pay off medical bills, save for retirement, and even provide for your child's further education.

Related Articles-

Show Full Article
Hide Full Article

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

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.

LinkedIn profile
Author Profile Written By:
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.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

How Rising Interest Rates Impact Your Investments—and What You Should Do About It

How Rising Interest Rates Impact Your Investments—and What You Should Do About It

How rising interest rates impact your investments and ways to adapt. Stay informed to make smarter financial decisions and protect your financial future.

Preserving Your Investment: How New Tax Rules Affect Real Estate Sales Before 2024

Financial Freedom for Women Entrepreneurs: Unlocking Success with the 50-30-20 Strategy

Baby Steps to a Secure Future: Financial Planning and Wealth Management

Essential financial planning and wealth management strategies for families. Secure your future and confidently navigate parenthood with these key insights.

Baby Steps to a Secure Future: Financial Planning and Wealth Management
Power Of Compounding And Early Investing Previous
Market Volatility Shouldn't Deter You From Investing Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches