Sainath Deshmukh

  When you are young and just starting out, there are so many exciting things to think about – your career, new experiences, and your future goals. Amidst all this excitement, one crucial decision often gets overlooked: health insurance. If you are in your 20s or early 30s and new to financial planning, health insurance might not seem like a priority. After all, you are healthy and focused on saving or spending on other things. But here is why health insurance should be your first big investment in Singapore The Foundation of Financial Security Health insurance is more than just a safety net; it is a foundation for financial security. In Singapore, healthcare costs can be high, and a single hospitalisation or medical emergency can wipe out your savings. Having health insurance protects you against these unexpected expenses, so you will not have to dig into your hard-earned money or borrow to cover medical bills. With plans like Integrated Shield Plans (IPs) available in Singa...

Settling down is a phase that brings new responsibilities and financial priorities. Making smart financial decisions is key to a stable and prosperous future. One such decision is considering an Investment-Linked Plan (ILP). ILPs are versatile financial products that mix insurance with investment opportunities, making them a practical choice for individuals or couples ready to settle down. Here is how ILPs can be a valuable part of your financial strategy during this life stage A Balanced Approach to Financial Security When you are settling down, financial security becomes a top priority. You want to protect your loved ones while also planning for long-term goals like buying a home or saving for retirement. ILPs offer a balanced approach by combining insurance coverage with the opportunity to grow your wealth through investments. In the event of unforeseen event, the insurance component of an investment-linked plan provides financial protection. At the same time, the investment...

  Retirement is often envisioned as a time to relax, discover hobbies, and spend time with loved ones. However, without adequate financial planning, unexpected expenses can disrupt this dream. This is where retirement insurance plays a crucial role. It acts as a financial safety net, making certain that you are prepared to face unforeseen challenges while maintaining your desired lifestyle. What is Retirement Insurance? Retirement insurance is a type of financial plan designed to provide regular income after you stop working. Unlike traditional savings, it offers guaranteed payouts by providing a steady cash flow during retirement. With the help of many features, retirement insurance provides a structured plan to address both predictable and unexpected financial needs. Let us explore how retirement insurance can shield you from unexpected financial challenges. Safeguarding Against Medical Expenses As you age, the likelihood of requiring medical attention increases, and exp...

  Building a secure and prosperous future involves balancing financial protection and wealth growth. For individuals or couples starting to plan long-term goals, whether it is buying a home, starting a family, or preparing for retirement— Investment-linked plans (ILPs) in Singapore offer an attractive solution. They combine insurance coverage with investment opportunities, making them a versatile tool for securing your financial future. Here is why ILPs are a smart choice for anyone ready to take the next step in life Dual Benefits of Protection and Investment One of the key advantages of ILPs is that they offer a combination of life insurance coverage and investment opportunities. A part of your premium goes to insurance coverage, seeing to it that your loved ones are financially protected during a challenging time. The remaining amount is invested in funds of your liking, allowing you to grow your wealth over time. This dual benefit means you do not have to purchase separate ins...