.png)
The first Tuesday of May is designated as the World Asthma Day, an event of global healthcare that is organized to promote awareness of the disease worldwide. Let us read about the significance of this day, in this blog.
Why Life Insurers Are Eyeing Gold and Silver ETFs and What It Means for You
.png)
When life insurance companies start talking about gold, you know something is up. Turns out, these shiny assets are not just great for weddings or Diwali gifts, they are delivering better returns than many of the traditional go-to investment tools. Gold prices have been soaring, and insurance companies want in on the action.
They are asking India’s insurance regulator for permission to invest in gold and silver exchange-traded funds (ETFs). Sounds fancy? What does this sudden gold rush mean for you and your insurance policy? Let’s dig in.
What is an ETF?
An Exchange-Traded Fund, or ETF, is a collection of assets, like gold, stocks, or bonds, that you can invest in through the stock market. A Gold ETF, specifically, follows the price of gold.
So, instead of buying actual gold and stuffing it into a locker, you can invest in it digitally, with zero polishing required. It gives you the value of gold without the risk of your younger cousin accidentally pawning it for that new gaming console.
Why Insurers Are Looking to Invest in ETFs?
Let’s talk numbers. In the past year, gold ETFs have returned over 30%. Compare that to fixed deposits, which usually offer you anything between the range of 5 to 8%, and even Nifty, which has been solid but not glittering. If you were a life insurance company managing long-term money, where would you want to park it?
This is exactly why multiple insurance companies are nudging the Insurance Regulatory and Development Authority of India (IRDAI), asking for a green signal to include gold and silver ETFs in their investment mix. With new investment regulation norms under review and solid historical returns, the timing could not be shinier.
How Does This Affect You as a Policyholder?
Here’s where it gets real for you. When insurance companies earn more from smart investments in gold and silver ETFs, your policy could give you more in return. You can think of better bonuses, higher maturity values, and maybe even lower premiums in the long run. If gold keeps performing like it has, you benefit from your insurance plan. Plain and simple.
Plus, gold is a solid bet during market volatility. So, if your insurer adds gold ETFs into their investment mix, it gives your money some much-needed stability. It is like having an emergency protein bar in your backpack, comforting when everything else feels shaky.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
Other Health Insurance Products
Latest Post
.png)
December 1 is marked as World AIDS Day. It is observed every year to educate people about HIV AIDS. HIV, or Human Immunodeficiency Virus, is a virus that attacks the immune system of humans and makes it weak. With a weak immune system, HIV-infected people become prone to deadly diseases, and that condition is termed as AIDS or Acquired Immune Deficiency Syndrome.
Loss of profit insurance is a valuable protection for many businesses. This article will discuss the key features of this type of insurance. If you are looking to protect your business against financial losses, then a loss of profit policy may be right for you. Read on to learn more about the policy’s benefits and drawbacks before deciding whether or not it’s worth getting coverage!
A hectic work schedule, lack of physical activities, consuming unhealthy and junk food regularly, protruding belly fat, improper sleep patterns or sleep deprivation, and smoking – Is it the way of life you lead? If so, you might be at risk of enhanced health conditions and critical diseases. This unhealthy lifestyle is the story of most city dwellers with no time for themselves. If you are one of those leading such a sedentary life, it is high time to make changes in your diet and lifestyle. Let’s start with incorporating chia seeds in your meal daily to make a difference.
The Water Apple is a remarkable fruit with a treasure trove of astonishing health benefits clubbed with unparalleled nutritional values. It is more than just a luscious delight but a symbol of vitality for a healthier, happier existence. Let’s uncover the hidden marvels of this captivating fruit and its remedial benefits.
Speak to our Advisor
+91
By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.