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Impact of Environmental Volunteering: Why Should You Do It?

As modern society is becoming more and more aware of the harmful effects of environmental pollution, everyone is volunteering and taking action to help preserve natural environments. Volunteering is becoming more and more essential to modern society, and the positive impact it has on our environment cannot be overlooked. Whilst environmental volunteer work can seem like a daunting prospect at first, with so many options available it is easy to get lost and forget where you started. When you are considering whether to start volunteering or not, take into account the following benefits.

Help the Environment

Environmental volunteering is a useful way to give back to your local community, and you can do so in many ways. From helping out at an animal shelter to volunteering your skills with a children’s charity, there are plenty of opportunities for you to get involved. One of the main benefits of volunteering is that it helps in protecting natural habitats and reducing carbon emissions. Not only does it help preserve the environment, but it also makes a tangible impact on climate change.

Feel Good

Factor After a hard day of work and a long commute home, you deserve to feel good about yourself. Research has shown that environmental volunteer work can help create feelings of self-worth and happiness by releasing endorphins that make you feel happy about your accomplishments. Plus, the feeling of satisfaction you get from completing tasks for others is empowering and uplifting. But you don’t have to wait until after work to feel good about yourself; research shows that people who volunteer regularly are happier than those who don’t volunteer at all.

Networking

One of the biggest benefits of volunteering is the opportunity to make friends and create a support network. Networking with others can help you access different opportunities in the future. There are many ways to volunteer, so don’t be afraid to approach a different type of volunteering if one doesn’t appeal to you.

Develop Good Skills

Volunteering can help you develop good skills, such as communication and problem-solving. These skills are essential in the workforce and will allow you to stand out amongst the other applicants. It can also give you a chance to work with people who share your interests, which is important if you want to get involved in professional volunteering or jobs that involve environmental issues.

Learn Something New

Volunteering can teach you so many new skills, especially if you choose to work with a cause that interests you. You can learn how to be more eco-friendly and make your own decisions about the future of our natural world. If you are interested in pursuing a career in the environmental field, volunteering will give you the chance to build your experience and knowledge base.

Summing up: Is Volunteering for You?

How do you feel about volunteering? Are you interested in helping society? If so, why not consider what environmental volunteering has to offer. If you are looking for a way to help the world and feel as though environmental volunteering is a good fit, then it may be worth considering. Although this is an important decision, it can be made much easier by considering these benefits of environmental volunteer work.

Skin Rejuvenating Serum: Reasons to Choose and How to Use

With time our skin loses its charm and structure. While multiple external factors like sun, dust, etc. contribute to it – a natural reason is aging. The impact of these on skin becomes apparent gradually as over time the production of collagen in our body fluctuates. This change causes our skin to lose texture, become dry, lose fat, and start to look saggy, wrinkled, and loose. In some cases, it could actually make one appear older than the real age.

It can be treated in a non-invasive organic manner with a skin rejuvenating serum. This brightening serum basically boosts the growth of collagen that makes our skin become fuller and look youthful.

If you are still dicey about whether to use skin rejuvenating serum (that also works as a brightening serum), we have listed some incredible benefits it can provide for you to make an informed decision:

● Decreases rosacea and redness

The lack of collagen in the body causes the face blood vessels to be visible which can make the face appear red (in a bad way!). It also causes unevenness of skin, pimples and inflammation making it worse for red skin.

A skin rejuvenating serum shrinks these unwanted blood vessels makes the redness and roscaea disappear.

● Lessens sunspots

Harsh sun directly falling on your face and body causes them to have pigmentation and tanning. Overexposure can also lead to skin burning and irritation.

A brightening serum helps cover the dark spot. They are very effective for age spots caused by the sun.

● Reduces acne scars

Acne is caused by acne cysts which themselves resist collagen production in pockets. A rejuvenating serum for the skin helps take care of the pus-filled acne and improves it by increasing collagen production.

● Lowers wrinkles and fine lines

With aging, as the collagen production in the body decreases, the new skin generation is hampered. It causes the appearance of wrinkly skin. Which at some parts can also cause the skin to become loose and saggy.

A skin rejuvenating serum helps increase collagen production, which naturally makes the skin smooth out of any wrinkles and fine lines.

Now you know how a skin rejuvenating serum helps make your skin glow and healthy. But before you go on to choose a skin rejuvenating serum available online, here is what you should look for in its ingredients:

Oryza Sativa Bran Oil

Simmondsia Chinensis Seed Oil*

Naturally Occurring D-Limonene Linalol

Daucus Carota Oil*

Boswellia Carterii Oil*

Oenothera Biennis Seed Oil*

Citrus Sinensis Oil*

Do note that some skin rejuvenating serums may have these ingredients while others may not; at the same time, your requirement could also differ based on your skin type. So make sure to look up the ingredients table on the skin rejuvenating serums and decide for yourself.

At this point you know the benefits of skin rejuvenating serum and how to choose one. Let’s now look at the right way to apply them:

To start with, squeeze the serum dropper and apply it to clean fingertips first
Then gently massage the area of the skin where it requires attention
Let the serum absorb in for a while
Depending on the amount, if you feel, apply more
For places where it’s too much, remove it with a tissue

You can use the serum in the morning or at night but having a routine around it helps. There you go! Fight acne, redness, sunspots – all in one go with a skin rejuvenating serum cum brightening serum and make your skin feel healthy and happy again!

Types Of Digital Credit Card And How They Are Better Than Others

Digital Credit card serves the purposes of normal credit cards but are available only in virtual form. Hence they are also called Virtual Credit cards. The digital credit cardis designed for carrying out online transactions only since it does not have any physical existence.

Merchants are always on the lookout to meet the changing demands of the customers and take every challenge to stay ahead in the market by serving the customer needs.

The digital credit card avoids carrying a physical plastic card for making any purchases at stores or online. The digital wallet helps to preserve the card information in a secure digital form in any electronic device like a mobile, smartphone, smartwatch or tablet. The greatest advantage of using a digital credit card is that it is kept secure with encryption and provides a safe and convenient way to make online transactions.

Prepaid bank cards are convenient, easy to use and offer a host of privileges to their customers.

Currently, credit card payment offers provided by several digital platforms provide gain to customers in the form of assured cashback, guaranteed percentage of discount or earned coins which can be redeemed later. The credit card payment offers given by the issuing banks ensure lucrative and hassles for the customers. The credit card payment offers are kept for a very limited period so as to make the customers respond quickly.

The new-age technology has helped the banking sectors and non-banking financial companies issue their customers a digitalcredit card in the form of adding a credit card to the existing primary credit card. The virtual credit card usually has shorter validity with a unique card number and CVV number required for transactions.

Having a digital or virtual card has numerous advantages since its details can be stored and carried on mobile for transactions. Moreover, to possess a virtual credit card, customers have to submit all the relevant KYC documents to the card issuer to obtain approval from the Reserve Bank of India. The digital card is issued to only primary credit card holders for the sake of security. The emergence of the virtual card has totally eliminated the effort of carrying a physical card and the chances of losing it somewhere. As there is no physical involvement in online transactions with virtual cards,the chances of fraudulent activities are also impossible. The use of a digital card is safer in terms of money fraud since all payments made through it will be authenticated by a One Time Password directed to the user’s registered mobile number. The credit amount of a digital card is available with a default credit limit which can be customized online as per the requirement. The digital credit card are issued for a short duration, and some are issued for only one transaction. The virtual credit cards are ready to use once it is approved, and there is no waiting period for a physical card to arrive. Unlike physical credit cards, most digital credit cards come with no joining or annual fees. There is no provision to withdraw cash with a digital card since it is only limited to online transactions.

Digital credit card transactions have more advantages than Bitcoin transactions, which is a similar type of digital transaction. Bitcoin transactions operate like cash between two persons with no financial intermediary. But digital card transactions are widely accepted with two or more parties involved in transactions between the merchants and customers. Digital card provides security against fraud incidents which is not in the case of Bitcoin. Bitcoin transactions are irreversible and can only be received from the receiving party. The chargeback option on digital cards helps to cover the loss. The time taken for digital card transaction is much lesser than Bitcoin since transaction by Bitcoin depends mainly on network activity.

The digital card has gotten enormous recognition for its simplicity in getting the transaction done easily with a mobile touch. The need to carry a credit card and enter the card number followed by a security code is no longer required. The digital card is useful for those who hesitate to use the physical card at the stores since digital cards may require a certain PIN number to initiate the transaction process.

How to Avoid an EMI Default on a Personal Loan in 2022 and Beyond

A personal loan doesn’t have a limit to its end-use. You can use it to buy a 2/4-wheeler, finance a holiday, consolidate your debt, etc. Top fintech companies even offer instant loans on their online apps to help you meet urgent goals like medical emergencies. All you need to ensure is to repay the loan in time. So, here are some tips to avoid an EMI default on a personal loan this year and beyond.

● Clear Your Existing Dues

Do you have unpaid credit card bills, loan EMIs, house rent or other dues? Then ensure to pay them off before applying for a new cash loan. As your debt-to-income ratio reduces, your capacity to repay a new loan in time will increase.

● Assess Your Repayment Capacity

This is a primary thing to consider before taking a cash loan. Note your monthly salary, any salary hikes in the near future and additional income sources like rental income. Sum them up for an idea of your net monthly income. This can help you decide the loan amount you can afford to borrow and the duration over which you can repay it conveniently.

● Choose a Suitable Loan Amount

Keep in mind the goal you want to finance when choosing a loan amount. For instance, if you want a loan to pay your mobile phone bills, a cash loan starting from ₹1,000 can be enough. On the other hand, if you’re going to pay a rental deposit, a personal loan starting from ₹15,000 may be sufficient. So, if you have a small goal, avoid opting for too big a loan amount.

If you visit a traditional financial institution or a bank, the minimum loan amount offered may be significant. Therefore, it’s better to apply for an instant loan on the online app of a fintech company that provides loans of flexible amounts. Choosing the right loan amount will ensure that you can afford to repay it smoothly.

● Choose a Suitable Loan Tenure

Tenure is the duration over which you need to repay a sanctioned loan. To avoid loan default, it’s essential to choose a suitable tenure as per the borrowed loan amount and your repayment capacity. You can do that easily if you apply for an instant loan online on a fintech company’s loan app. It suggests different tenures suited to varying ranges of loan amounts and eligible monthly salaries. Choose the most suitable combination to maximise the chances of paying off the EMIs in time.

● Secure the Loan

Consider taking an income protection cover and/or a health cover to secure your cash loan from a loan app against an unpredictable job loss and/or an eventuality related to your health. In that case, irrespective of the unfortunate event, you can manage to pay off the loan easily with the insurance cover.

Conclusion

Once you’re ready, apply for an instant loan online on a digital lender’s app on your Android or iOS device. Then follow the above tips to repay it hassle-free over the chosen tenure.

Comparing Water Jar Price And Understanding How The Price Is Determined

PAckaged drinking water comes in many sizes. There are small bottles, and there are large jars. Which one buys depends on the needs of the person. Large jars such as 20 litre jars are used when water consumption is high.

However, water jar prices differ. Some companies sell a 20 litre jar for X rupees, while others may sell it for more or less. Bisleri, for example, sells a 20 litre jar at INR 90 at the retail level. There are other cheaper options. The question may be asked – why the difference in price? Both are water; both are packaged in plastic jars. So why the price difference?

There are several important reasons why water jar prices differ. The first reason is quality. Good companies have better machinery for the purification of water. The tests run on the water before it even goes for purification are factored into the price. Then there is the actual process of purification, which involves filtration. Ozonation and reverse osmosis process to begin with. There are several types of filtration which are used by reputable companies such as Bisleri. At each filtration, microorganisms and other harmful substances are removed. Reverse osmosis removes most of the minute elements present in the water.

These processes remove some of the minerals in the water, such as magnesium, calcium and sodium, among others. These need to be replaced. This is done using a process of infusion. These processes now cost money, and therefore, the price is high. But the quality and purity of the water are therefore guaranteed. Cheaper buying water may not be a good idea, as the water may not have been treated using the same high levels of technology. This makes the water suspect and is definitely not worth buying. Some cheaper brands are just tapping water filled into jars and sold to the unsuspecting public. This is easy to see and can cause serious health problems. Water jar price is not an effective tool to measure quality and economy. A serious health issue can be expensive to handle.

The next issue is the reliability of the company producing the water. If the company is a large one and has been selling quality water for many years, it is better to trust it. To buy water produced by some new brand which might just be a garage with a tap is undoubtedly cheaper but carries a health hazard.

A good company uses automatic machinery to process the water and fill it in jars. Human hands do not touch the water and the chances of contamination are non-existent. This kind of technique adds to the price of the finished product and increases the water jar price.

And there is the question of the packaging. The jar must be made of high-grade plastic, which is food-grade plastic. Since the water will be in the container, using cheap plastic, which is not food grade, will contaminate the water as the cheap plastic leaches chemicals into the water. Some of these chemicals are carcinogenic. Using high-quality food-grade plastic for the container means buying expensive plastic. This adds to the price of the product. But ultimately, it is a safe product, and the high marginal price is worth paying. Buying water, the manufacturing process of which is not known, can be at the least a very bad idea. Therefore do not let the water jar price sway your decision.

A Beginner’s Guide to Instant Personal Loan Application in India

An instant personal has unique features which makes it a go-to product for young adults. It is disbursed in under eight minutes. The top digital lending company does not check the CIBIL rating but instead evaluates non-conventional data to determine your creditworthiness. You borrow from ₹15,000 up to ₹4,00,000 for diverse needs. For instance, the money can be used to pay rent, clear debts, boost credit score, renovate homes or pay for a vacation.

Wondering how to apply for the loan? The entire process is 100% digitised, cutting physical paperwork and human interaction. It comes with easy eligibility and minimum documentation. It is undoubtedly growing in popularity among millennials and Gen Z. Read on to start applying today.

Instant Personal Loan – Application

The best part of applying for personal loans is that you are charged interest only on the amount spent, not the overall limit. So withdraw as much as you need and repay via easy and pocket-friendly EMI. It is a smart, intuitive and hassle-free experience. Below is the loan application process to get started.

Step 1: Download the app on your iOS or Android devices. Your data remains safe on the app since all transactions are secured via 128-bit SSL encryption.

Step 2: Log in to the personal loan app by registering through your social media account like Google Plus, LinkedIn and Facebook.

Step 3: Fill in the basic details and upload KYC documents like identity proof. This can include a PAN card, the latest salary slips, and bank statements.

Step 4: The eligibility is confirmed within a few minutes. Now set your credit limit by moving the slider. The amount will be disbursed to your linked account once the digital lending executives approve the amount.

You can use the full amount at once or in parts. The app is extremely helpful. It can help you understand every aspect of the loan process. You can easily see the amount and payable EMI to help track and manage the funds without confusion. Know that you will be charged a penalty of 0.7% per week in case of delays.

Eligibility Criteria

You must be a salaried individual with a minimum income of ₹15,000 per month. The amount should be sent to your account via direct transfer. Further, make sure you have a good repayment history. It can assure the lender that you are a low-risk borrower. This could help you negotiate the interest rate too. Another primary eligibility criterion is correct documents. It can ensure faster processing and disbursal of loans which is helpful during emergencies and otherwise. Any Indian citizen above the age of 18 with proof of current employment can opt for an instant personal loan.

Conclusion Applying for a loan is a breeze. Simply follow the above steps, check the credit score criteria and tick off the eligibility criteria to qualify without hassle.

A Digital Bank That Changes The Way We Manage Our Finance

Using a digital bank opens up a plethora of advantages and benefits. It is seamlessly online and works without a hitch. Several banks are opening completely digital banks which offer everything online. There are no physical visits to the bank required. This starts right from the beginning.

Opening an account in a digital bank, like the Weyay digital bank, is as easy as pie. All you should do is to go to the bank website and see what is required. It is all there in clear terms. Usually, there is an application form which should be filled in. Then there are certain documents which must also be uploaded, such as the civil ID of the applicant. Once the form is filled in online, and the documents scanned and ready to be uploaded, you are ready to go. For the photograph, a smartphone selfie is enough. Upload everything and sit back. The bank will process the digital application, and your account is ready to be opened. The Weyay digital bank has an app which needs to be downloaded for easy access to all the bank’s services. This app stays on your smartphone and can be accessed at any time. This puts banking at your fingertips. The account is active straight away, and there is no waiting time for the account to be activated. Th best part is that there is no paperwork at all. So no documents misplaced or lost.

The Weyay digital bank also offers significant benefits. It offers discounts for purchases from vendors with which it has arrangements. These discounts are available instantly. This means tha the discount does not lie in some account that another purchase can redeem. Such discounts are reflected in the account instantly. Buying things using this digital bank means that you see substantial savings. You need not wait for the discount.

Reward points for several things are also available. Selected stores, hotels, restaurants and airlines are all eligible for reward points. If you are travelling, then use the Weyay digital bank account to cook and pay the final bill. Reward points will be credited to your name. These can be accumulated and used later to buy things. This means that the product or service purchased costs less. This is a saving. The point is that Weyay digital bank offers you the advantage of always being on top of your account. Sice the account details ae al; ways at your fingertips, financial control and planning become easier. Saving money to reach a certain balance is easier to rack using this form of banking. A plan to buy something can also be budgeted for. Checking to see what expenses have been made can instantly give you an idea of your financials. And this is extremely important if you want your finances to remain in good health.

The high; level of security that Weyay bank discount offers is very high. So accessing your account at any time from anywhere is never a problem. Even when you are travelling, your smartphone Weyay bank app will help you check your account. Managing your finances thus becomes easier. You are aware of how much can be spent. This enables you to manage your finances better. An expense which you cannot at the moment afford can be avoided once you know what is in your account. Therefore using the Weyay digital bank makes sense. Complete control over your money, minimum hassles in making payments, transfers, and keeping tabs on your money 24×7. What else do you need? It’s all there.

What are the five best debt mutual funds in 2022?

Mutual funds are a popular investment instrument among investors who want to multiply their wealth. They allow you to invest in equity markets if you have a high-risk tolerance. If your finances do not permit you to take on significant risks, you can invest in debt mutual funds to play it safe.

However, choosing the best debt funds to invest in can be challenging because of the sheer number in the market. Moreover, the debt funds invest in different types of securities. It is good to understand their rating to make an informed decision.

Here is a list of the top debt funds of 2022 that choose the best options for your hard-earned money.

1. PGIM India Overnight Fund

One of the best aspects of debt funds is that they allow you to invest for a short period of even one day, thereby ensuring a high level of liquidity. PGIM India Overnight Fund is one of the best debt funds if you are looking for a similar overnight securities option that matures in one business day.

This fund invests in treasury bills, government securities, debt (only PSU, PFI and other quasi-government bodies) and money market instruments.

2. PGIM India Ultra Short Duration Fund

If your financial objective is to get returns from a healthy mix of short-term debt and money market instruments, here is the best debt mutual fund you can consider. The tenure of these funds varies from 3-6 months and is ideal for investors who have a sudden surplus of cash and want to wait and search for the right investment option. It is also perfect for business owners to manage their cash surplus.

This fund has a moderate interest rate risk and moderate credit risk. The minimum application amount for this fund is Rs 5000. The benchmark indices used to assess the quality of debts used in these funds are CRISIL Ultra Short Duration Fund BI Index. Since there is no exit load, you can withdraw your investment anytime without any fees or penalties.

3. PGIM India Banking and PSU Debt Fund

If you are an investor willing to take moderate risks for the possibility of earning better returns, you can consider this option. It is an open-ended scheme investing in the debt instruments of banks, public financial institutions, public sector undertakings and municipal bonds. It is a fund that the fund managers actively manage with an 80% allocation in banking and PSU bonds.

The primary benchmark indexes are CRISIL Banking and PSU Debt Index. The minimum application amount for this debt fund is Rs 5,000, and the minimum additional purchase amount is Rs 1,000.

Compared to other debt funds, this fund comes at a relatively high interest rate and moderate credit risk. It can also give you one of the best mutual funds returns in the market.

4. PGIM India Corporate Bond Fund

This is one of the best Indian debt funds that invest primarily in AA+ and above rated corporate bonds. This mutual fund comes with a relatively high interest risk and moderate credit risk. The returns are also one of the highest you can get in the market.

The benchmark indexes used by fund managers for this fund are CRISIL Corporate Bond Fund BIII Index.

This corporate fund is a long-term debt fund and invests your money for a minimum of 3 to 5+ years. Thus, it is advisable to invest in this fund if you have a longer time horizon and want to save for a financial goal like sponsoring your child’s education or saving for your retirement.

5. PGIM India Gilt Fund

Here is another long-term debt mutual fund ideal for investors who want to invest only in central or state securities of various maturities. It is a scheme that offers a relatively high-interest rate risk and has relatively low credit risk.

The benchmark index used for this fund is CRISIL Dynamic Gilt Index. You can apply for this fund with a minimum investment amount of Rs 5000.

In Summary

Your investment portfolio should have multiple options to ensure wealth appreciation in the long term. At the same time, it should have the stability to counter the volatile equity investments. Debt mutual funds can help you in this regard. The best debt funds by PGIM mentioned in the article can support you in achieving your financial goals.

Some Double Bedsheets That Make All The Couples Happy

Double bed sheets are required in most cases. Couples need a wider bed to sleep comfortably, and therefore there is a need for a bed sheet which can cover the bed easily. This is important because a smaller bed sheet does not work at all. The best double bed sheets are cotton ones. They come in various sizes and colours.

A proper double bedsheet covers the bed properly, and the edges can either be tucked in or left hanging. Either way, a double bed sheet is easier to use. In fact, for a double bed, a double bed sheet is essential.

There are several double bed sheets which are available. Especially online. Buying bed sheets online has several distinct advantages. The first is that the sites of several vendors can be visited without physically running around. Then there’s the question of choices. Different vendors generally offer different colours and designs. Get one which suits your tastes and the colour scheme of your bedroom. This is important as the colour of the bed sheet defines your room. Selecting a colour which does not go with the paint scheme in your bedroom will make the room look out of kilt. And this is not desirable. You and your spouse will be the happiest if the quality and colour of the bedsheet suit your bedroom. It sets the tone for the room since the bed occupies a sizable portion of the room.

In order to get the best bed sheet, it is first necessary to measure the size of the bed for which it is meant. This bed size will dictate the size of the bedsheet. There is another factor, which is that normally bed sheets come in some standard sizes. It is necessary to see whether a slightly larger size is advisable. A shorter bed sheet is a problem.

Buying a bedsheet means making several choices. The first is the size of the bedsheet. The second is the colour and or design which you would like to have. And finally, the material from which the bed sheet has been made. It is advisable to stick to cotton bedsheets. Cotton is the best material since it is made from natural fibres and does not contain any chemicals. Artificial fibres contain chemicals and considering that the bedsheet will be in touch with almost half your body every night, there is a risk of some form of allergy to the surface.

If you want the best bed sheet, buy one made of 100% cotton. This will make both you and your spouse happy. Imagine sleeping comfortably every night, in soft luxury. This alone makes it worthwhile to buy cotton bedsheets. Remember also that cotton is fibre which allows the fabric to breathe. This means that the heat from your body can dissipate. This cools the body and refreshes it. This is one of the greatest advantages of using cotton bed sheets. And buying such bed sheets is now easy. With the advent of online shopping, buying has become convenient. There is a wider range of choices to explore. Look at the varieties on offer and see which one you feel is best. Visit several stores online and check to see what is on offer. See which suits your bed size, and then go ahead and buy it. Having a great bed sheet is definitely important. The first thing is that it offers comfort. After a day’s work, a bed sheet that is soft and feels good is of primary importance. Give it thought before you go online shopping.

What You Should Know About The Unit Linked Plan

Unit Linked Insurance Plan, or ULIP as it is known, is an insurance plan that offers dual benefits and is a very good investment idea for those who do not understand investments in the financial market. This plan is ideal for people who do not know how to invest in the stock market. So what is a unit-linked insurance plan?

The ULIP is basically a plan which offers a life cover, like a life insurance plan, and also has an option to invest a part of the premium in the markets. This investing is done by the insurance company you have signed up for. They have professional people who deal with investments.

Now, before going in for a unit-linked insurance plan, there are certain important things which you must know. The first is the amount of premium you wish to pay. The insurance company will want to know what part of the premium you want to set aside for investments. This depends on your wish. Investments are of 2 types, the high risk, high gain type, or the low gain low risk one. You have to see which one suits your purpose. If you do not want to take risks or cannot afford them, it is best to go for the low-risk, low gain investments. This is generally equity-based. If you are able and willing to take a risk for high gains, then the insurance company will consider investing your money in debt instruments. These are high risk and high gain investments.

It is sometimes wise to have both in the portfolio. This means a portion allocated to low risk and low gain investments and some to the high risk and high gain investments. This allows for a more balanced approach. However, the decision would be yours, and the insurance company will invest accordingly. There is, however, the opportunity to make changes and move the funds around from high-risk investments to low-risk investments should you feel that it is what you want. Insurance companies allow this shift a number of times in a year, and there are no charges. After the fixed number of changes that the company allows for free, any change attracts a small charge. There is no need to worry about funds being locked into a kind of investment. You can make changes if you wish.

The main benefit of investing in a unit-linked insurance plan is that it offers a life cover. This is normally 10 times the amount of premium paid. This is an important aspect of the plan since it takes care of the risk of the sudden death of the person investing, preventing the investor’s family from facing a sudden financial crisis. Normal life insurance also offers this risk cover but does not allow for investment. The ULIP offers both.

Then there is the tax benefit under Section 80C of the Income Tax Act. Tax benefits are important, and a unit-linked insurance plan investment is tax-free. Consider that you have an investment option that offers a life cover, an investment option, and a tax relief component. This makes it a very good investment idea. Remember that your fund corpus grows fuelled by the investment portfolio that the insurance company has created for you with this investment. This portion will generate returns, and this is an addition to the premium value. But there is one due diligence which must be done before deciding which company’s insurance plan to take. Check the company’s performance in the last few years on its investment success. If the company has consistently done well, then that’s the company to go with.