We love Diwali for the light, happiness and prosperity it brings together. The relevance is also symbolic – the banishment of darkness literally means and all aspects of life. People like to make a fresh start on Diwali – buying new clothes, jewellery, reviving relationships with gifts and sweets even in modern times. If we take up life-changing projects, be it a new home, a new startup or even a significant investment, we look forward to Diwali as it is considered auspicious.

Talking about investments, it is believed that investments made during the festive season are meant to increase our wealth manifold. And it is also the right time to give something valuable to your loved ones. And what can be a better gift than to give a secure and stable future to your family, where there is a promise that every Diwali of their life will be filled with happiness like this, and the light will never go short in their life.

The perfect gift: a secure future for our family
While different people choose different ways to ensure their family’s future, there is an underlying theme – one that requires a substantial amount of money. Some people park their earnings in the bank to earn returns (often modest), and others invest money in the stock market to make higher returns (usually open to volatility). Other instruments include government instruments like the PPF, which may not stand the test of inflation over time. However, all these investment instruments focus on delivering maximum returns after a certain period of maturity. If the crisis is triggered by the death of the main earner, the family is left with no means to ride the financial tide which can plunge them into debt and stress. A life insurance plan helps you conquer death, not literally, but in spirit, with Diwali presents an excellent opportunity to spread the light of peace of mind into the darkness of an uncertain future. Life insurance is that incredible life-changing beam, which has the power to reconstruct the future and make it more bright and secure. If you buy a term insurance plan, it will provide coverage only for a specified period. Suppose the life insured dies or suffers permanent disability during the term of the policy. In that case, beneficiaries will receive benefits to offset loss of income or unpaid loans left behind. The type of plan you choose determines the payout in case of complete or partial disability. However, if the insured survives the term of the policy, it lapses, and no payment is made.

It is more than an investment; it’s a responsibility
This is the reason why one should invest in a well-diversified plan based on one’s life goals, which will help you get better returns while efficiently managing the risks associated with them. Unit Linked Insurance Plans or ULIPs are financial instruments that give you the best of both worlds when used wisely. They combine the features of market-linked equipment and life insurance policies. A part of the premium goes towards buying a life insurance cover, and another part is invested in other asset classes like equity, balanced and debt funds, which can generate manifold returns over the long term. For the average risk taker, 15-20% allocation in the equity segment would be ideal.

To get a mix of these two features of financial planning, study the features of “.
HDFC Life Click 2 Wealth
”, a ULIP which provides market linked returns and provides life cover for you and your family. HDFC Life Click 2 Wealth plan comes with several options that offer benefits such as:

• You can choose from 10 funds and unlimited free switching options to maximize your investments.
• You only need to pay Fund Management Charges for managing your funds and Mortality Charges for your life cover.
• You get a special additional 1% of the premium allocated to your fund for the first 5 years.
• You will find that all your future premiums will be waived off, and as per the premium waiver option, your fund will remain invested in case of death of the proposer.
• You can also opt for systematic withdrawals from your funds if you are looking for post-retirement income.

All you have to do is check your eligibility and select your premium amount, premium paying term and policy term, select your Sum Assured and select your plan option.

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HDFC Life Click 2 Wealth
The plan offers 3 plan options depending on your security and investment needs:

1. Investment Plus Options: An option that offers life insurance and takes care of your investment needs by providing accumulated fund value on maturity.
2. Premium Waiver Option: An option that takes care of all your financial responsibilities in your absence. In case of your (proposer’s) unfortunate death, all future premiums will be waived off to ensure that your fund does not stop growing. The policy continues with risk cover for the life insured, and the accumulated fund value is paid on maturity.
3. Golden Years Benefit Option: The right mix of retirement planning for you is to not only build a corpus for your golden years, but also ensure that you leave a legacy for your loved ones. This plan option provides you a solution to build up your fund value along with life cover for a lifetime (up to the age of 99 years). You can opt for a systematic withdrawal facility to generate recurring income post retirement from your accumulated corpus.

Here’s an example:

To know more about HDFC Life Click 2 Wealth or to calculate premium, click here.

In short, this Diwali, make investments that help you live a spirit of light over darkness, good over evil, knowledge over ignorance and hope over despair. This is the right opportunity to make a choice that will give you peace of mind today and shine a bright light on tomorrow.