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FDs and LIC today
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Find out how deposits and insurance have evolved over time.
Fixed deposits and insurance have come a long way from when boomers and Gen X embraced them. FDs are no longer only for those who have a lump sum available. We now have Recurring Deposits - or RDs - where you can invest small amounts each month or each quarter. As for insurance, the sector now has some top private players complementing good old LIC. Insurance these days offers more than just a life cover. With savings plans, you can save up for life’s big milestones. With retirement plans, you can secure your golden years. And with ULIPs, you can even tap into the power of market-linked returns! Other non-financial investments like gold and real estate have also seen massive growth. Head to the next chapter to discover more about these investments.