As a salaried individual, you may enjoy a fixed and regular income. This would mean that you receive a fixed amount of money to meet your everyday expenses as well as to fulfil the dreams of your loved ones and yourself. Hence, it becomes important to make investments that are customised for you. Since your income pattern varies from that of a self-employed or a professional, your investment strategy is required to be different. Your investment plan should be among the investment options for a salaried person that have features customised to your earning pattern.

Below are some of the investment plans for salaried employees:

ULIP

ULIPs combine life insurance with investment. A part of your premium secures your family financially against unforeseen circumstances through a life cover^`. The remaining is invested into the capital market through equity, debt or a combination of both, basis your risk appetite. The returns on ULIPs depend upon the performance of your funds in the market. Moreover, you can also avail tax^* benefits under Section 80C for the premiums paid.

ICICI Pru Signature ULIP invests your entire premium into the funds of your choice. You can also switch freely between funds at no additional cost. This helps in increasing your profit margin.

Other advantages of this plan include:

• Return of mortality and policy administration charges at maturity¹, to maximise your gains
• Loyalty rewards in the form of extra units added to your funds for staying invested
• Choice of four portfolio strategies and a wide range of funds to match your specific investment needs
• Flexibility to withdraw money from your fund value to supplement your salary through the systematic withdrawal plan²

Endowment Plans

Just like ULIPs, endowment plans are life insurance products offering the dual benefit of savings and protection. These plans are suitable for you in case you have a low-risk appetite as the returns are not market-linked. These plans ensure the growth of your money through assured additions or bonuses at regular intervals. The amount you receive at maturity can help you achieve your life goals such as purchasing a house, your child’s higher education, retirement planning, and more.

ICICI Pru Lakshya Lifelong Income is a protection and savings^** oriented endowment plan that provides regular income^## with guaranteed capital protection^**. This plan ensures the growth of your money through regular additions^~ and boosters. It also provides a life cover^` until 99 years of age.

Annuity plans

Under the pension scheme by the Government of India, NPS, you can invest regularly throughout your working years. At retirement, you can withdraw a specific portion of the accumulated funds. The remaining amount is invested in an annuity plan of your choice that generates fixed, regular income in your retirement years. ICICI Pru Guaranteed Pension Plan is one such plan that provides you with guaranteed³ income for your entire life with a wide range of annuity options that can secure the future of you and your loved ones.

Conclusion

For a good investment strategy, ensure that your investments suit your income pattern and are aligned with your life goals. Before committing to any financial plan, it is best to assess your investment objectives. It is important to select a plan after fully understanding and comparing the features of the best investment plans for salaried employees.

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