What brings our country together? A tough cookie to crack, especially when the entire country is so diverse. But if you have been keeping tabs on ongoing sporting events, you would know the obvious answer. Apart from the usual Bollywood blockbusters, cricket as a sport brings together the whole of India. Especially if the T20 World Cup is around the corner!

Since many of us watch this game with great enthusiasm, mainly for its thrilling moments, there are some important things to learn if you look closely. Let us ask you a question – Looking at sports, have you ever noticed the similarities between cricket and investing? If not then we can tell you the many similarities between cricket and investing; So let’s dig deeper:

• looking for a good start

Just like in the game of cricket, the toss plays an important role in how the game will be played. Before you even start playing, a toss in your favor can help you stay in the winning quadrant. Similarly, when you look at investing, the idea is to start as early as possible so that when you start expanding your investment pool, you will have an idea of ​​how you want to build your wealth. Be in the winning quadrant. You can start early by investing in an insurance plan with savings options, which will help your money grow slowly.

• look for diversity

A cricket team may not function well with all 11 batsmen or bowlers, thus a diverse pool of talented individuals such as fast and spin bowlers, batsmen, wicket-keepers, fielders and all-rounders is essential for a team to be successful. . Similarly, your investment portfolio needs to be diversified and have the right kind of mix of equity, debt, cash and gold to name a few. In this way, each investment plan will play its role in your portfolio and can maximize your investments.

• Selecting a team with capable players

While we say diversity is the way, we must identify the right talent and choose the right players. It is important for the team to do well if the selectors have a keen eye on consistent performers. Similarly, investments should be made with schemes that suit your needs. You need to keep a keen eye for the right investment opportunity. One such option is from HDFC Life.

called the
HDFC Life Click 2 Protect Life
This term plan adjusts as per your needs and protects your family from uncertainties. As an all-rounder, this offering from HDFC Life has three plan options – Life & Critical Illness Rebalance, Life Protect and Income Plus. Additionally, there is an option to reduce the premium paying term from regular pay to limited pay.

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Life and Critical Illness Rebalance Term Plan covers life. But apart from the life cover, this plan not only waives off any future premiums on diagnosis of a critical illness** but also offers a lump sum critical illness** benefit.

** List of critical illnesses can be seen in HDFC Life Click 2 Protect Life brochure, which can be downloaded
Here
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Under the Life Protect option, you are covered for death during the policy term. In case of your unfortunate demise during the policy term, your nominee gets a lump sum benefit.

The Income Plus option of HDFC Life Click 2 Protect Life offers a basic life cover. However, this plan is different from the other two as it pays income after the age of 60 years. This option ensures an additional source of income when you turn 60.

Click to know more about HDFC Life 2Protect Life,
Click here
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• Must take into account long term performance

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While selecting a team, the short term doesn’t matter any less, especially when a player has a track record to prove himself. The idea is to look at players with future performance potential and recent short-term performance should not be the criterion for judgement. Similarly, you should choose investments that have proven well in the past and have withstood past market turmoil. Short-term volatility should not affect your decision to choose an investment plan.

• importance of singles

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Who doesn’t love hitting sixes at long on or watching excellent cover drives pierce the covers for boundaries? These high scoring shots give the needed boost to the total runs scored. However, it is the consistent singles that keep the run rate ticking. And finally, with time and patience, these singles add up to a bigger total. Just as the total runs scored by a single team play an important role, your investment kitty also needs a plan that keeps the momentum going. Systematic Investment Plan (SIP) can help you maintain a solid ‘run rate’ and sustain your investments.

While there are many more features in common between cricket and investing, the above mentioned factors stand out. Meanwhile, the T20 World Cup is underway, so enjoy the exciting matches and keep cheering.