Samriddhi Wealth Creation

  Understanding the Pitfalls of Procrastinating on Term Insurance Purchase 1. Higher Premiums: As you age, the cost of insurance goes up significantly. Insurers see older applicants as higher risks, which translates to higher premiums for the same coverage compared to what you would have paid if you had bought the insurance at a younger age. This age-based increase in premium rates is a financial disadvantage that can add up to a substantial amount over the term of the policy. 2. Health Status Can Change: Good health often translates to lower insurance premiums. If you delay purchasing term insurance, you risk developing health conditions that can either increase your premiums or, in worse cases, make you uninsurable. Early in life, you're more likely to qualify for the best rates insurers offer. 3. Financial Insecurity for Dependents: Delaying term insurance leaves your dependents financially unprotected in the event of your untimely demise. This could mean your family ma...

  In the bustling city of Chennai, where tradition meets modernity, individuals are increasingly focusing on securing their financial future. Amidst the diverse investment options, term insurance emerges as a fundamental cornerstone for strategic wealth creation. Samriddhi Wealth Creation, a trusted name in financial consultancy, emphasizes the importance of term insurance in comprehensive financial planning. Here's why term insurance is a smart choice for those looking to secure their family's future and ensure their peace of mind. Why Term Insurance? 1. Financial Security for Loved Ones: The primary purpose of term insurance is to provide financial protection to your family in your absence. It ensures that your loved ones remain financially secure and can maintain their standard of living, even in the face of adversity. 2. High Coverage at Low Premiums: Term insurance plans offer substantial coverage for a relatively low premium, especially if the policyholder is young and ...

  Introduction: In the quest for financial empowerment and wealth creation, exploring innovative avenues becomes imperative. One such avenue gaining traction is leveraging mutual funds to secure loans, a strategy often overlooked by many. This article aims to shed light on the benefits of utilizing loans against mutual funds, particularly in the context of wealth creation, tailored for bloggers targeting audiences interested in financial growth, like those following Samriddhi Wealth Creation in Chennai. Liquidity without Liquidation : By availing a loan against mutual funds, investors can access funds without the need to liquidate their investments. This ensures that their financial goals remain on track, avoiding the disruption that selling off investments might cause. Maintaining Investment Exposure : Loans against mutual funds allow investors to maintain their exposure to the market. This means they can continue to benefit from potential market upswings and avoid missing out on...

  Welcome to the world of systematic investment plans (SIPs), your gateway to financial well-being and long-term wealth creation. As a dedicated mutual fund distributor in India, we understand the significance of securing your financial future, and SIPs stand out as an ideal choice for achieving this goal. SIPs offer a disciplined approach to investing, allowing you to start with a small amount regularly. This consistent investment strategy has proven to be effective in navigating the unpredictable nature of the financial markets. By contributing fixed sums at regular intervals, you benefit from the power of rupee cost averaging, purchasing more units when prices are low and fewer units when prices are high. This ensures that you optimize your investment over time and reduce the impact of market volatility on your portfolio. One of the key advantages of SIPs is their simplicity. Whether you are a seasoned investor or someone new to the financial landscape, SIPs provide an accessibl...

  Be rational and increase your Mutual Fund returns Many a times emotions take a ride over rationality in life, but this should not be while investing in mutual funds. Any retail investor would feel happy while they see growth in their investments but anxious if the prices decline and start selling their units fully or partially. Instead of getting emotional smart investors would take logical decisions and they advantage of lower prices and add more funds to their portfolio and increase their returns. The decisions made based on the information should be avoided rather it needs to be on the basis of data your mutual fund distributor would be able to help you with facts and analysis. Investments needs to be viewed on long term basis while investing in stock market. Ways to apply rational approach Avoid investing based on speculation: An in-depth analysis and research on the fundamentals need to be done on the fund, management, industry trends and the competitive landscape ...

10 Roles & Services of LIC Agent Why do I need an Agent to get Insurance policies? This could be a legitimate question in the minds of many customers which cannot be discounted. Adding to this, generally LIC agent are perceived by most people in India as they are a company representative trying to sell life insurance plan, this cannot be the right understanding about a role of an agent. The role of life insurance agent is much bigger and they play a vital role protecting your family financially against financial risk. Let’s understand the word Agent, an agent is a person who acts on behalf of another person, group, business, Government or a company. While LIC Agent solicit business for the company he also tries to understand the needs for his client and his family and helping him to get the right kind of product from the company. An Individual undergoes training and if he passes the exam, he will be licensed by Insurance Regulatory and Development Authority of India (IRDA) to s...

  A functioning working period for roughly 25-30 years carrying on with in an agreeable way of life will request shockingly better way of life during retirement. Yet, what number of you have anticipated a serene retirement? The millennial age (80s and 90s kid as they like to be called) are not prepared to work until 60. They need to accomplish Monetary Autonomy and Resign Early as quickly as possible in their life. This quickly can be pretty much as soon as 40 or at the maximum at 45 years. They try to accomplish Independence from the rat race and move away from the dynamic corporate work life. Nothing to fault them. Work life has become so rushed for the twenty- to thirty-year-olds requesting them to trudge 12-15 hours every day and they get immersed with their work life so soon in their life. While this is an outrageous state, individuals neglect to do the fundamental retirement arranging too. Absence of monetary proficiency is the fundamental explanation. Schools/Colleges never ...