World Health Day: 7 key steps to follow for comprehensive healthy financial plan to ensure good health as well as wealth
This World Health Day, as we reflect on the essence of health, it's imperative to recognise that it encompasses more than just physical and mental well-being; financial health plays an equally critical role. Healthy financial planning not only extends and enhances our quality of life by securing a stable future, and fostering resilience against emergencies, but also empowers us to pursue our life goals, even in our golden years.
Life insurance serves as one of the most versatile investment tools that does not just ensure financial security for our families but helps us achieve our life goals in a disciplined manner.
Take the example of Sonia.
A 32-year-old graphic designer, Sonia recently embarked on the journey of planning her financial future alongside her husband, Abhijeet. With a 2-year-old son and another baby on the way, they were keen to explore investment plans that could not just provide financial security for their growing family but also supplement their income to adapt to the economic shifts. After analysing various options, she decided to invest in a ‘Non-linked, Participating, Individual Life Insurance Savings Plan’. The plan not only helped her secure her family’s financial future but also offered her rising and flexible income options, backed by consistent bonuses, if declared by the insurance company, to their evolving financial goals.
Sonia thus leveraged her life insurance policy both as a potential life cover and a substantial investment tool.
>>What you can do to reduce your out-of-pocket-expenditure on healthcare
On the occasion of World Health Day, Sonia’s example serves as a poignant reminder that ensuring financial health is as crucial as maintaining physical well-being, for both play pivotal
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