​Under Goal based investment, the Goal is the most important priority. In this requirement The Goal has to met at all cost, and in all circumstances.

Generally the Goal based investment is for very long term goals, which would generally have more than 10 yrs to achieve. In such a case, sustainability of the long term savings, including the consistency is to be ensured. The existence of the investor is also a risk that is important to be considered. For such goals, even if the investor is alive or not, the goal will be intact, and hence needs to be achieved.

Few common Goals people have are, Children’s Education, Children’s Marriage, Buying an own House, Retirement, all of which are inevitable.

Hence, for Goal based investment the following Products are most suited. Most of these have a cover element and hence ensures the Goals are achieved, even if the investments have stopped due to the unfortunate absence of the earning member of the family :-

Endowment Plans

Endowment plans are all-rounders in the life insurance sector. They provide a financial cover and a vehicle to save & grow wealth. So, if you need a policy that gives you life insurance protection, maturity benefit and tax benefit in one package, buy an endowment plan. Some policies also give guaranteed and non-guaranteed additions i.e. every year, a set percentage of total premiums paid or Guaranteed Maturity benefit are added to your policy benefits depending on your policy term.

Money Back Plans/ Regular Income Plans

In these plans, the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of higher liquidity. In many plans we can choose to receive the Total guaranteed and or non-guaranteed benefits as a Regular Income or as a Lump Sum as per our needs.

Guaranteed Plans

A guaranteed plan provides assured benefit to the policyholders. This traditional insurance plan provides life cover, together with guaranteed payouts, if any and maturity benefits, if any. Guaranteed plans, thus, act as a another source of guaranteed income by providing assured payout(s). 

Unit Linked Plan

ULIP is an insurance product that combines insurance and investment benefits in a single plan. In this the investment can be spread across various fund options to ensure wealth creation. ULIP, or Unit Linked Insurance Plan, offers life cover which is a major benefit over the traditional wealth creation tools. It not only helps your money grow but also protects your loved ones’ future from life's unexpected turns.