Skip to main content

Best Saving Ideas To Tackle Emergencies


Financial emergencies are a sad reality of our everyday lives. However, proper planning in terms of saving at the right time can save you from a lot of unwanted stress. The market today is abuzz with custom schemes to let you manage your finances better and direct them to just where you want them to be.

Here are some suggestions of low-risk, reliable savings options to choose from.

Savings account

This may sound cliche but its the age-old method of saving for the rainy day. Strive to maintain not just the minimum but adequate balance in your saving account to cater to unplanned financial obligations.


 Credit card

Well, I am not suggesting to have multiple cards but just a single card with enough balance and no outstanding to help you tile over financial problems. Did you know that lending institutions offer the option of emergency loan on your card with interest-free period.

Insurance 

Choose to invest in structured savings plan which gives you assured returns upon maturity and for as many years chosen. This insurance cum savings plan gives you the perfect blend of life insurance with guaranteed savings to meet your financial needs. In addition, the plan gives you the option to choose how you want your benefits paid (monthly or in annual payouts). Thus, keeping you covered in those difficult times.

Experienced NBFCs offer various benefits on insurance policies such as -

●Premium - gives the benefit of life cover at low costs.
●Lump sum or monthly payout options on maturity or death of the insured person.
●Flexible policy terms form 5 to 3 years
●Critical illness cover and special cover for non-smokers, to name just a few.

 Also Read: 5 Saving Investment Options For Emergency Fund


Labels:
Location: India

Comments

  1. Unknown27 March 2019 at 14:49

    Hi,

    Your blog has been really helpful, thank you for sharing it. Policy 21st also offers you a lot of advantages with the Term Insurance Plan. With smaller premiums paid in the life, our plan gives a large sum to the nominee. One can choose to get the total amount in the form of monthly income. Our Term Insurance plan gives you various covers to choose from, along with the amount of premium that you have to pay which varies with each plan that you opt for.

    ReplyDelete
  2. Anonymous3 April 2020 at 18:33

    I have read your blogs & its an amazing information. I suggest everyone if you are going through any financial problem you must apply for emergency Personal loan. As these loans are meant to fulfil your emergency personal needs. Visit https://www.clix.capital/personal-loan/medical-emergency

    ReplyDelete

Post a Comment

Popular posts from this blog

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price  If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of ...
Post a Comment
Read more

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider.  Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before yo...
Post a Comment
Read more

Stay Protected on the Road- Understanding the Importance of acko car insurance

  Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one...
4 comments
Read more