compare and buy investment plans the smarter way

Compare and buy investment plans the smarter way

  • Beneficial plans.
  • Offers stable income.
  • Allows your capital to grow.
  • You get several tax benefits.

Ensure peace of mind
and 100% affordable.

Investment Plans

invest today to utilize tomorrow.

Invest today to utilize tomorrow.

you can earn good returns

You can earn good returns

save taxes.

Save taxes.

might involve risk factors.

Might involve risk factors.

By Investment plan it means the process of fulfilling your financial obligations/goals with the help of the financial resources available to you. These investments help in enhancing the wealth of the investor over the course of time.

What is an Investment Plan?

An Investment Plan is a process of using financial instruments to create a corpus for the future. These plans in India allow individuals to invest their savings and create wealth in a regular and disciplined way to achieve their financial goals.
Thus, the financial plans help individuals to manage their money to achieve their short and long term monetary goals. Some of these plans assure guaranteed returns to the investor on the basis of the investment they made. Hence, these plans serve as best possible ways to enhance wealth over time. 

Some of the different investment plan options available in India are:

  • ULIPS - Unit Linked Investment Plans
  • PPF - Public Provident Fund
  • Mutual Funds
  • Fixed Deposits
  • Monthly Income Plans, etc.
what is an investment plan?
why is investment planning important in india?

Why is Investment planning important in India?

Investment planning is important in India to ensure enough corpus for important financial milestones in life i.e., buying a house, education of children, marriage of the children, post retirement financial independence. Investment plans help people in making periodic investments in various options to create wealth and to achieve these financial milestones. It helps individuals to save and provide financial security for their family.

Benefits of Investment Plans

Investment plans offer numerous benefits as mentioned below:

allows investors to have goal-based planning

Allows investors to have goal-based planning

Investment plans help individuals to save money for future goals by investing in goal based planning. Such a goal can be anything ranging from purchasing a house or a car, saving for children's education or marriage, or for your retired life among others. Some investment plans come with an extended lock-in period. These plans are fruitful for long term planning pertaining to children's needs.

allows security to your loved ones

Allows security to your loved ones

The investment plans with good return, especially the ones offering return on benefit, serve as both investment as well as life coverage. So, under such plans the nominee of the investor/insured gets a sum of money in case of an unfortunate demise of the insured as life coverage money. Along with this, they also get the fund as monthly or quarterly payments. Thus, this plan serves as the best investment plan for monthly income where despite the absence of the breadwinner, the family can sustain easily meeting their financial goals.

allows individuals to create and enhance wealth

Allows individuals to create and enhance wealth

Besides savings, investment plans are the best ways to grow funds. These plans allow individuals to create capital in the long run by investing in a disciplined and regular manner in high return investment policies. This enhanced money helps to build a financial cushion to the family members of the investor.

allows individuals to enjoy tax benefits

Allows individuals to enjoy Tax Benefits

Besides the above benefits, you also get tax benefits by investing in several plans. Some of the plans that allow tax benefits to individuals include ULIP, PPF, ELSS, SSY or Sukanya Samriddhi Yojana and so on. Hence, these plans allow you to create wealth for future purpose and provide tax benefits under section 80C and 10D of the Income Tax Act.

allows flexibility to choose plans

Allows flexibility to choose plans

Since there is a huge number of investment plans that one can choose to invest in India, the investors get flexibility to opt for the best one depending on their future financial goals and risk tolerance.

How to Choose an Investment Plan?

The below points can be considered while choosing an investment plan:

  • The first thing is to analyze the financial goals that you aim for as well as your key requirements.
  • The next move is to create a plan or strategy which will help you to pick the best investment plan depending on your needs.
  • Then you need to evaluate the terms of the policies that you are looking to invest in. Here, you must remember factors like liabilities that you have at present and the dependents who rely on you for their living etc.
  • Now, you must compare available features of the policies you have chosen in terms of returns, cover, add-ons, premium, payout and so on.
  • It is advisable to invest on a diversified range of policies rather than investing all your sum in one plan by choosing multiple plans of investment.
  • Finally, you must monitor and review your investments occasionally.

Types of Investment Plan Available in India

There is wide-ranging availability of different best investment plans in India. These plans include both short term investment plans and long term investment plans. However, it is important to carry on proper research before choosing the right investment plan for your needs. Such a plan should offer good long-term returns, create capital and help in saving tax among other things. Considering the risk factor is also important before choosing the best plan. Here are different investment plans listed below:

How to Buy an Investment Plan Online in India?

Buying an investment plan online in India is very easy as almost all investment firms have their online presence. Here are the steps to follow to buy an investment plan online:

  • The first step is to fill in your personal details like your name, phone number, birth date, gender, etc. Now, go to the ‘View Instant Quotes’ button and click on it to see different quotes.
  • The second step is to enter basic details like income, date of birth etc., by visiting the investment page.
  • In the third step, you simply need to wait for a call back by the investment firm. But before that you need to fill the form of lead generation for the firm and enter details like the tenure for which you want to buy the policy and the capital you want to put in. Once done you wait for financial experts from investment companies to revert to you.

Also, it is important to note that you might be asked to complete your KYC details while buying an investment and thus it is important to keep the required papers handy.

how to buy an investment plan online in india?
what documents are required for buying an investment plan?

What Documents are Required for Buying an Investment Plan?

Documents that might be needed for Buying an Investment Plan include the following:
Income proof - such as form 16 (for salaried) and form 26 AS (for self employed). Alternatively, a bank state can also work for salaried individuals, while income tax returns of 3 years might work for the self-employed.
Address proof - Voter ID, Aadhaar Card,  Passport etc.
Age Proof - Voter ID, Aadhaar Card,  Passport, Birth Certificate, Pan Card etc.
Identity Proof - Voter ID, Aadhaar Card,  Passport, Pan Card.

Eligibility Criteria to Buy Investment Plan

The basic eligibility criteria for buying an investment plan is that the investor should be an Indian resident above the age of 18 years.
Besides the above, the following eligibility criteria is required to be fulfilled while buying an investment plan:

  • Must be eligible as per the age criteria under a specific plan
  • Must comply by the mode of premium payment and the related term of a plan
  • Must meet the eligibility as mentioned in the particular policy document
eligibility criteria to buy investment plan
why to choose paybima for investment plans?

Why to Choose PayBima for Investment Plans?

You must choose to buy your investment plans from PayBima for the following reasons:

  • We do not levy any hidden charges. If at all there is any charge required to be made by the investor, we inform you in advance.
  • We have 100% transparency in terms of policies that we offer.
  • We offer plans with zero commission and at very low charges.
  • We help you to enhance your savings.
  • We have experts in our field who help investors with their queries and in buying the best plans.
  • If you want to cancel the policy at any stage, we get it done without any hassle at the earliest. 

Frequently Asked Question

Investment plan means the process through which you can align your monetary goals as per the available resources of investment. While making your financial planning, investment plans serve as the main component. It makes sure that you put your savings in the right investment to earn good returns.

Investment planning is important in India because investment plans help people in making periodic investments in various options to create wealth and to achieve financial goals for the future. It helps individuals to save and to meet the financial needs of their family under different plans including the best investment plan for 5 years.

There is no specific age to start investment. You can start as young as possible and as soon as you start earning. And it is good to invest your earnings in different options of investment that suits you. This way, you will earn a good amount by the time you start getting returns.

There are many investment plans that are risk free like Savings plans, Post Office Fixed Deposits and Recurring Deposits etc. However, when it comes to investment options linked to the market, there is a certain kind of risk involved. This is because, in such investment schemes, the ROI depends entirely on the market variables.

The 4 type of investments options in India can be classified as Mutual Funds, Stocks, Cash Equivalents and Bonds.

The investment options that allow high returns include Saving Account, Liquid Funds, Direct Equity, Equity Mutual Funds, Short-Term & Ultra Short-Term Funds, Fixed Maturity Plans, Debt Mutual Funds, National Pension System, Public Provident Fund, Bank Fixed Deposits, Senior Citizen’s Savings Scheme, Real Estate and Gold etc. Besides the above, there are many other best investment plan with high returns.

Some of the short term investment plans with high returns in India:

  • Liquid Funds
  • Recurring Deposit
  • Savings account
  • National Saving Certificate
  • Fixed Deposits

Some of the long-term investment plans in India with high returns are:

  • Bank Fixed Deposit (FD)
  • Post Office Savings Schemes.
  • Public Provident Fund (PPF)
  • National Savings Certificates (NSC)
  • Corporate Fixed Deposits.
  • Sukanya Samriddhi Account (SSA)
  • Unit Linked Insurance Plan (ULIP)
  • National Pension System (NPS)

Some of the best investments for beginners are:

  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Mutual funds
  • Exchange-traded funds or ETFs
  • Individual stocks, etc.

There are numerous investment plans available in India that you can choose from to invest in as per your requirement. It is advisable to select a plan as per risk tolerance factor after checking the returns.

The investment plans that give the highest return are Debt Mutual Funds, National Pension System, Equity Mutual Funds, Public Provident Fund, Bank Fixed Deposits, Direct Equity, Senior Citizen’s Savings Scheme, Real Estate and so on.

Below are the different types of investments available in India:

  • Bonds
  • Stocks
  • Real Estate
  • Deposit Certificates
  • Fixed Deposits
  • Mutual Funds
  • PPF
  • NPS

Some of the best investment plans are:

  • Unit Linked Insurance Plans
  • Public Provident Funds
  • Monthly Income Plans
  • Mutual funds
  • Tax saving Fixed Deposits
  • Senior Citizen Savings Scheme
  • Sukanya Samriddhi Account

Investment plans help people to build a corpus that they can use at the time of retirement. This amount helps them to live a life of financial independence after retirement. So, by investing in retirement plans people can secure a lump sum amount which you can invest for regular income lifelong.

Many people think that savings and investment are one and the same thing. However, the fact is both are different from each other. Saving plans offer low risk and here the interest is earned on the amount that is saved. Moreover, saving plans allow individuals to save money even for a short period. But investments might involve high risk, while the return is also high. Investments allow people to create wealth in the long run.

To save tax on investments, you must choose a plan that offers tax benefits under Section 80C of the Income Tax. ELSS, ULIP, PPF, EPF, etc.