India, as a nation is growing by leaps and bounds. The whole country is brimming with energy and there is a positive investment mood across India. As the country progresses, so does our dreams and aspirations. Whatever be those dreams, planning for them is a must and securing them becomes all the more important. So, no matter whichever phase of life you are in, planning and more importantly securing your dreams become very critical. Let’s see how proper financial planning can help you to bring those dreams alive:

Your First Job: For most of you, your independent financial journey begins when you get your first job. In the near future, you are expected to experience major life events like a marriage or buying a house. You also start considering tax savings products as soon as you start earning. So, you need to look at financial products that tick off all these boxes. Life insurance becomes your obvious choice here. They help you finance and secure your dreams plus give you tax savings options.

You get married: Finding one’s soulmate is one of the most exciting times in anyone’s life. You start to plan your future together – be it saving up for your own home, planning to start a family or planning for that exotic vacation together. However, life can throw up unexpected challenges. So, it is essential to secure your partner and yourself in case of any roadblocks that life may throw. Lifelong insurance plans from ICICI Prudential Life not only help you plan for your aspirations but also protect you from the unpredictability’s of life.

Your child is born: Having a kid is the most joyful event in the life of any parent, and taking care of every need of that child is likely to become your top priority for the foreseeable future. Education is a costly affair in India at the current moment. This cost will only be rising in the near future, so it is essential to plan from today. Not only education but children should also be inspired to pursue co-curricular activities for their overall development. But all these do come at a cost and requires planning as soon as you become a parent. You need to plan for all situations so that you, along with your partner, become an enabler to your child’s dreams. When it comes to the big dreams of your child and securing them against all adversaries, life-long insurance plans from ICICI Prudential Life could be your reliable partner.

Worry-free life post-retirement: Retirement years are called the golden years in one’s life. Post-retirement, you would love to continue with your passions and interests. Though retirement might seem far at the moment, you need to start planning from right now. Starting early helps you invest smaller amounts and gives your money time to grow.  This can assure a steady flow of income for you and your spouse post retirement for life.

So, while we all live our lives differently, the majority of us share some common goals and ambitions. However, each of us has our own understanding of investments and money, and therefore, investment decisions are highly personal and unique to every one of us. But no matter what stage of life you are in and what you want to achieve, life-long insurance plans by ICICI Prudential Life has all your dreams covered.

Source: https://qrius.com/financial-planning-for-the-aspirations-of-a-growing-india/

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