Investing your money is one of the best ways to grow wealth and achieve financial goals. With the rise of online investment platforms, buying investment plans has become easier than ever before. Whether you're looking to invest in mutual funds, insurance plans, or fixed deposits numerous online platforms offer a wide range of investment options.
In this article, we will explore the process of buying investment plans online in India. We will look at the different types of investment plans available online, how to choose a trusted online investment platform, and the steps involved in purchasing an investment plan. We will also highlight the benefits of buying investment plans online. By the end of this article, you will better understand how to buy investment plans online and make informed investment decisions to achieve your financial goals.
What is Investment Plan?
Investment plans are financial products that allow you to invest your money in various assets such as insurance plans, stocks, mutual funds, fixed deposits, or bonds to generate a return on your investment. These plans offer an opportunity for long-term growth and wealth creation.
Investment insurance plans are financial products that offer both investment and insurance benefits. These plans allow you to invest a certain amount of money and receive a guaranteed return on your investment, while also providing life insurance coverage. In most cases, the investment component of these plans is invested in the equity or debt markets, providing an opportunity for growth.
Investing in investment plans is important for several reasons. Firstly, it provides financial security and peace of mind to the policyholder and their family in the event of an unfortunate event such as death, illness, or disability and secondly, it allows you to grow your wealth and achieve your financial goals such as buying a house, funding your child's education, or saving for retirement. Lastly, these plans can also offer tax benefits under certain conditions.
The rise of online investment platforms has made investing more accessible and convenient than ever before. These platforms provide a wide range of investment options, tools, and resources to help investors make informed investment decisions. They also offer lower fees and minimum investment requirements, making it easier for people with different budgets to invest their money. The rise of online investment platforms has also led to increased transparency, ease of comparison, and timely updates, making it easier for investors to track their investments and adjust their portfolios as needed.
Types of Investment Plans Available Online
There are various types of investment plans available online that you can choose from based on your investment goals, risk appetite, and financial situation. Some of the most popular investment plans available online in India are:
- Insurance Plans: Insurance plans such as endowment plans, and unit-linked insurance plans (ULIPs) are investment-cum-insurance products that can be purchased online. These plans provide financial security to the policyholder and their family in case of an unfortunate event such as death, disability, or illness, while also providing an opportunity to invest and grow their money.
- National Pension System: The National Pension System or NPS is a retirement-focused investment product that allows you to invest in a diversified portfolio of stocks, bonds, and other securities. NPS can be purchased online through various investment platforms.
- Mutual Funds: Mutual funds are investment schemes that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, and other securities. They offer a range of investment options, including equity funds, debt funds, and hybrid funds. Mutual funds can be purchased online through various investment platforms.
- Stocks: Stocks or shares are ownership units of a company that can be bought and sold on a stock exchange. Investing in stocks can provide an opportunity for long-term growth, but it also carries higher risk. Online stockbrokers and investment platforms allow investors to purchase stocks from the comfort of their homes.
- Fixed Deposits: Fixed deposits or FDs are investment products offered by banks that provide a fixed rate of return over a fixed period. FDs are considered low-risk investments and are suitable for investors who prefer a predictable and steady return on their investment. Most banks in India offer the facility to open and manage fixed deposits online.
Benefits of Buying Investment Plans Online
Buying investment plans online has become increasingly popular due to the convenience and ease of access offered by digital platforms. Here are some of the benefits of buying investment plans online:
- Convenience: One of the most significant benefits of buying investment plans online is convenience. Investors can buy and manage their investment plans from the comfort of their homes without having to visit a physical branch or office.
- Lower Costs: Online investment platforms often have lower fees compared to traditional investment platforms, making it more cost-effective for investors to manage their investments.
- Transparency: Online investment platforms offer complete transparency, providing investors with real-time updates on the performance of their investments, fees, and charges, allowing investors to make informed investment decisions.
- Diversification: Online investment platforms offer a range of investment options, including mutual funds, stocks, fixed deposits, and insurance plans, allowing investors to diversify their portfolios easily.
- Accessibility: Online investment platforms are accessible 24/7, allowing investors to buy and manage their investments at any time and from anywhere, using their mobile phones or laptops.
- Ease of Comparison: Online investment platforms provide investors with the ability to compare different investment plans based on their returns, fees, and other features, allowing investors to choose the investment plan that best suits their needs and investment goals.
How to Buy Investment Plans Online in India
When it comes to investments, it can be hard to find a reliable platform that can offer the right options for you. An investment comparison tool lets you compare investment plans seamlessly and will help you find what's best for you. The most effective way to find an investment plan is to look at quotes on the PolicyBachat website where you can easily compare and contrast different plans, choose the best one for your needs, and save money and time in the process.
Here are the steps to purchase an investment plan online at PolicyBachat:
- Visit the official website of the PolicyBachat
- Click on the Investment Plan tab
- Fill in the requested details such as name, mobile number, and email address
- Enter your age and city
- Select your desired insurance quote.
- You should select a plan with the "premium" quote.
- You can pay for your policy by using an online payment method.
Why Buy Investment Plan from PolicyBachat
PolicyBachat is an online insurance aggregator that offers a range of investment plans from various insurance companies. Here are some reasons why you may want to consider buying an investment plan from PolicyBachat:
- Wide Range of Plans
- Easy Comparison
- Expert Advice
- Convenience
- Cost-Effective
- Trustworthy
What are the Documents Required to Buy an Investment Plan Online
The documents required to buy an investment plan online may vary depending on the investment product and the insurance company. However, here are some common documents that you may need to provide when buying an investment plan online:
- Identity Proof: Aadhaar card, PAN card, passport, driving license, or voter ID.
- Address Proof: Aadhaar card, passport, utility bill, or bank statement.
- Income Proof: salary slips, bank statements, or income tax returns.
- Bank Account Details: account number, IFSC code, and branch address.
- Photographs: You may need to provide passport-sized photographs.
- Investment Application Form: You may need to fill out the investment application form provided by the insurance company.
- Know Your Customer (KYC) Form: You may need to fill out the KYC form, which includes your personal and financial information, to comply with regulatory requirements.
Note: The exact documentation required may vary depending on the investment plan and the insurance company. It's always a good idea to check with the insurance company or the online investment platform for the exact documentation required.
Best Online Investment Insurance Plans in India
Here are some best investment plans online in India
| Plan Name |
Premium ( Per Year) |
|
| Aditya Birla Sun Assured Income Plus |
50100/- |
Buy |
| AEGON iInvest Plan |
48952/- |
Buy |
| Bajaj Allianz Future Gain Plan |
49785/- |
Buy |
| Bharti AXA Guaranteed Income Plan |
46897/- |
Buy |
| ICICI Prudential Guaranteed Income For Tomorrow Plan |
49754/- |
Buy |
| HDFC Life Click2 Invest Plan |
50124/- |
Buy |
| Kotak Mahindra Guaranteed Savings Plan |
51245/- |
Buy |
| PNB MetLife Guaranteed Future Plan |
49635/- |
Buy |
*The above-mentioned values are for reference purposes only* refer to our website for exact values.
How to Choose Investment Plan Online
Choosing an investment plan online can be a daunting task, given the wide range of investment options available. Here are some steps to help you choose the right investment plan online:
- Define Your Investment Goals: The first step in choosing an investment plan is to define your investment goals. Are you investing for short-term or long-term goals? What is your risk appetite? Do you want to invest in a single asset class or diversify your portfolio? Answering these questions can help you narrow down your investment options.
- Research Investment Options: Once you have defined your investment goals, the next step is to research investment options. You can use online investment platforms to compare different investment plans based on their features, returns, and other parameters. You can also read reviews, ratings, and expert opinions to make an informed decision.
- Evaluate the Risks and Returns: Before investing in any plan, evaluate the risks and returns associated with it. Higher returns often come with higher risks, so it's important to choose an investment plan that aligns with your risk appetite.
- Consider Tax Implications: Consider the tax implications of the investment plan before investing. Some investment plans may offer tax benefits, while others may be taxable. Choose an investment plan that provides tax benefits and helps you save on taxes.
Conclusion
Buying investment plans online has become a convenient and accessible way to invest and achieve financial goals. By choosing a reliable and reputable online investment platform and considering various factors such as user interface, investment options, security, and customer service, investors can make informed investment decisions and achieve their financial goals. Moreover, buying investment plans online offers several benefits such as convenience, transparency, and cost-effectiveness. Therefore, investing in online investment plans is a smart and practical way to secure one's financial future.
Compare Quotes at PolicyBachat to Get the Best Investment Insurance Plan Online at an Affordable Price.