Investment Tips: 2022 is safe, take a look at where to invest in the new year!
Let’s take a look at all those important insurance plans.
Accident insurance
Accidents of any kind can happen at any time now. Big injuries can happen in those accidents with minor injuries. Disability can often lead to death. So just as it is necessary to be careful to avoid all these accidents that happen suddenly, it is necessary to insure to avoid all these accidents if they happen. The insurance will help save the family if something happens to them as a result of the accident. Therefore, it is necessary to start investing in this type of insurance at the beginning of 2022. It takes about Rs 9,000 per year to insure such Rs 60 lakh.
Health insurance
The Corona epidemic has shown us all how helpless we are in the face of disease. As a result, everyone needs to have health insurance at the beginning. This is a very important insurance. This type of life insurance can help everyone when the cost of treatment is increasing day by day. Therefore, it is necessary to start investing in this type of insurance at the beginning of 2022. To insure such Rs 5 lakh, one has to invest around Rs 6,500 per year.
Life insurance
Life insurance is very important for those whose family depends on their income. You need to start investing in this type of life insurance to secure the future of your family. Therefore, it is necessary to start investing in this type of insurance at the beginning of 2022. To insure this type of Rs 75 lakh, one has to invest around Rs 10,000 to Rs 12,000 per year.
Contingency Fund
Many lost their jobs during the Corona epidemic. Money is needed to save one’s life at such times. This type of contingency fund is very important in this case. We need to invest in such funds according to our ability. This type of fund will be useful in times of danger. Therefore, it is necessary to start investing in such funds at the beginning of 2022.
Investment instead of home loan
Many people take out a home loan to build their dream home. But the amount of interest on those home loans is much higher. But if you can start investing every month by planning in advance without taking home loan, then you can build a house with your own savings. In this case, it is best to start investing in a Systematic Investment Plan (SIP). Therefore, it is necessary to start this kind of investment at the beginning of 2022 for their dream home. Also, from the beginning of 2022, we need to start investing for our wedding expenses and retirement.