WHY GUARANTEED INCOME PLANS SHOULD BE IN YOUR PORTFOLIO
Investing is a great habit and diversified investing is the best habit. We at young age can take risk of ups and downs of the market, however we must also have certain investments which will help us in securing our future. Providing a fixed rate of return, no matter what the market situation is.
Guaranteed income plan in portfolio helps the investor in having a product which will give him/her a fixed return no matter what the situation is.
Reasons you need a guaranteed income plan in your portfolio-:
1.The pay-outs can substitute your primary income during retirement
2. You can meet any additional future expenses
3.Customize the plan and its pay-outs- To fulfil your life goals
4.The markets can be unpredictable
Guaranteed income plan can play a pivotal role in ensuring that you are financially secure in the long run. �It offers stability and proves to be a convenient way to earn regular income. The added benefit of this financial product is that the income received is exempt from tax u/s 10(10D) of the Income Tax Act.
With proper planning and right products these products can give handsome returns and that too tax free.
