Fixed Deposit

A fixed deposit (FD) is a financial instrument provided by Institution which provides investors with a higher rate of interest than a regular savings account, until the given maturity date

Is our live more valuable than you car/ Scooter? I am sure we all will agree that human life is much more valuable and our lives are also interconnected with many others. The financial loss is not only restricted to family but it can indirectly impact a lot of people.

Do we mandatorily and adequately cover our life against the potential risks that exists in our daily life? In most of the cases the answer would be NO.

We realize the importance of having insurance cover when we face these real life situations. Have you ever realized how stressful it can be? These incidents carry a lot of emotional and financial burden; these can be very disturbing & stressful.

All individuals must have the following type of Future Planning

Life is uncertain and so are life’s events. There is always a Saving Deemand. These events have financial implications and to protect us from the same we need Fixed Accounts. Proper Investment planning helps you to prevent your financial planning from being rocked. Investment planning helps you transfer your risk for a Managable amount of money called "Maturity".

Fixed For Health

Fixed For Life Survival

Future Fixed

Asset (Car/ House/ Factory etc.)

Fixed Deposit Plans

S.No	Tenure (In Months)	Fixed Deposit Amount	Meturity Amount
1	6 Months	10000 INR/-	10450 INR/-
2	12 Months	10000 INR/-	10950 INR/-
3	24 Months	10000 INR/-	12046 INR/-
4	48 Months	10000 INR/-	14641 INR/-
5	60 Months	10000 INR/-	16289 INR/-

Labh Sukanya Bond

S.No	Tenure (In Years)	Fixed Deposit Amount	Meturity Amount
1	6.5 Years	10000 INR/-	20055 INR/-
2	8.5 Years	10000 INR/-	25034 INR/-
3	11 Years	10000 INR/-	30020 INR/-

Double Labh Bond

S.No	Tenure (In Years)	Fixed Deposit Amount	Meturity Amount
1	7 Years	10000 INR/-	20014 INR/-
2	9.5 Years	10000 INR/-	25009 INR/-
3	12 Years	10000 INR/-	30041 INR/-

Questions to be answered before taking any Fixed A/c Policy.

Why am I buying this Fixed A/c policy?
Do I actually need so many Fixed Investment policies or I just need a few?
God forbid if something happens to me. How much Fixed Investment to cover do I need in order to ensure that my family do not face any financial problem?

We believe that Investment cover is taken to primarily provide risk protection and transfer financial risk. It is not a good Investment option there are many more cost efficient investment option available. We recommend pure risk protection based Fixed policy that provides a very high sum assured by paying a low premium. The period (number of years for which policy is issued) of risk coverage is also very important. Your Fixed policy should not leave you uninsured at the age when you need the risk cover most. Fixed product for such a need is called “Term Assurance”

Simply put, life brings with it many surprises, both pleasant and unpleasant. By taking a Fixed Account Plan one can ensure that he / she is better prepared to face uncertainties in number of ways.

Key Takeaways

Keep the highest possible term
Keep the maturity age as long as possible
Choose the plan that has the lowest premium at your parameters
Undergo medical tests, if required
Keep the nominees informed

Why should I start planning for my life future money issues ?

One should have adequate cover for dependents. It's better to be prepared and ensure that the financial needs of your loved ones are taken care of, in the unfortunate event of death.
Apart from the benefit of protection for your dependents, also enjoy tax benefits under Sec 80C up to Rs. 1,50,000.

Common Questions before you opt for fixed account

What kind of fixed do I need?
How much of each kind do I need?
Who do I insure from?

What happens if I’m not Continue till maturity date?
What really happens if you aren’t covered, whether it’s not enough of a particular type of insurance or none at all? Imagine a scenario and play it out in your head. Will it even affect you? Can you recover from it at all? We will go through some basic scenarios together and you can decide for yourself.