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5 Reasons Why Investing in a One-Time Investment Plan Can Help Secure a Safe Future for Your Kids

In life, we are aware of some dangers that can befall us, but what about those that we can never predict? The pandemic warned us that anything can happen at any moment. It made us aware of the potential dangers that can arise at any time in a person's life. It also helped us realize how critical it is to have financial security.

For a long-time, investment plans have been supporting individuals at the time of financial crisis. If you are looking for an easy and quick financial solution, one-time investment plan can be extremely helpful in providing a secure future for your kids and family.

What is a One-Time Investment Plan?

A one-time investment plan is an investment strategy in which a substantial volume of money is put into a certain plan for a set period of time all at once. You can invest in a one-time investment plan as an investor if you have a substantial sum of money and are willing to take a big risk. You must choose the best one-time investment plan with high returns so you can get the optimal result from it.

Reasons For Investing in a One-Time Investment Plan 

There are several reasons which make a single-time investment plan beneficial. One-time investment plans can be your go-to investment plans due to the fact that you won't have to pay dues at regular intervals. Additionally, here are some of the reasons how this investment plan provides security for your kid's future :

Growth of Capital

Gains through capital market investments are based on the performance of the market. In the near term, stock prices might rise or fall. The money spent on recurrent premiums does not have enough time to react to market circumstances. However, in the long term, the gains tend to cancel out the losses. As a result, one-time investment can help you build your wealth in future in the long run.

Reduced charges

You must settle the related transaction costs each time you engage with multistage investments. However, with a one-time investment plan, you just have to cover the expenses once. As a result, a one-time investment is less expensive. This also removes the prospect of levied charges when paying premiums.

Better Returns

The importance of compounding the benefits of long-term investments cannot be overstated. The dividends gain higher interest each year. Your investments are made for a shorter period when you pay multiple premiums. A one-time investment, on the other hand, commits the entire cash for the duration of the investment. As a result, long-term profits may be higher.

Consequently, if your returns are higher, you can always aid your children financially and ensure that they have a secure financial future. Choosing the best one-time investment plan with high returns can be quite beneficial to you and your family.

Eliminates Policy Lapse Possibility

Once the amount for the one-time investment plan has been paid off, you don't have to be worried about paying dues at regular intervals. The policy with one-time investment is that you have to pay the whole amount collectively at one time. Also, sometimes when the investor is not able to pay the premium in due time, the policy lapses. However, this is not the case with a 1-time investment plan, which makes it a suitable option.

Easy exit withdrawal

At the time of the investment's maturity, you also have the convenience of easily withdrawing the sum. Also, in cases of emergency, you can withdraw the amount when it is needed. Therefore, you don't have to wait for its maturity period to withdraw them. All the best one-time investment plans provide you with the feature of withdrawing amounts as and when necessary.

Everyone should have a financial strategy in place to assist their children and families. The recent pandemic has served as a reminder that the future is uncertain. As a result, it is a parent's responsibility to ensure that their children's financial future is safe. So, one-time investment plans can support your loved ones remain financially stable even in unprecedented times.

Disclaimer:

*Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.

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