assets as goals come closer. Also, you need a comprehensive health plan to take care of hospitalization and critical illnesses.
Post retirement, you want a comfortable and relaxed life. To ensure that golden years are the best years of life, you need to consolidate all your assets for a regular income, provision for health expenses and leave behind a legacy for your family, you should invest in a pension plan for lifelong income and a health cover.
Itís fun to start by listing down your dreams and goals. Your financial planner or advisor can help you draw a plan to fulfill these dreams and goals. But donít forget to revisit this plan with changing lifestages.
The most important aspect of financial planning is sticking to your plan for the long term. Because the wealth that it creates with very small amounts paid as premiums can guarantee a secure and fulfilling life for your family; higher education for your children and even their marriage; and a fulfilling life after retirement for you.
Anup Rau is CEO, Reliance Life Insurance