Turn Savings Into Regular Income
Build a reliable income stream that supports your daily needs and future plans.
Secure Post-Retirement Wealth Growth
Why Build a Regular Income?
As a homemaker, you manage the home, plan expenses, and make sure everything runs smoothly. Having a regular income helps you feel more secure and confident, without depending on anyone else. It supports both today’s needs and tomorrow’s goals along life cover, while keeping life stress-free.
- Enables smooth management of monthly household expenses
- Promotes financial independence and long-term peace of mind
- Provides support for future needs, such as education or emergencies
- Allows savings to generate a consistent income over time
Top Plans to Create a Regular Income
4 plans found | View:
Shriram Life Super Income Plan
Guaranteed regular income after the premium payment term.
- Guaranteed income until age 75
- Maturity Benefits
- Lifelong cover
Why Choose Shriram Life?
Every decision counts and choosing a dependable life insurance provider becomes even more important. At Shriram Life, we understand the needs of Indian families and offers support that feels personal, accessible, and reassuring.
Years of Building Prosperity
Lives Covered (Retail + Group)
Branches Pan India
Claim Settlement Ratio
Why Choose Shriram Life?
Every decision counts and choosing a dependable life insurance provider becomes even more important. At Shriram Life, we understand the needs of Indian families and offers support that feels personal, accessible, and reassuring.
What is a savings plan?
A savings plan is more than just a way to stash money, it’s a structured approach that helps you prepare for life’s surprises and future goals. Whether you’re planning for a home, education, or emergency funds, a savings plan keeps your finances in check. It helps you develop spending discipline, prioritise essentials, and ensure that you’re not caught off guard during unforeseen events. In short, it’s a tool that makes money management simple and stress-free.
Which plan is best for saving?
The best savings plan is one that aligns with your financial goals, risk appetite, and lifestyle. Choosing the best savings plan means considering your future needs while balancing risk and reward. Here are a few top choices:
- ULIP (Unit Linked Insurance Plan): Perfect for those who want both insurance protection and long-term investment growth.
- Endowment Plan: Offers guaranteed benefits along with life cover, ideal for family security.
- PPF (Public Provident Fund): Government-backed, tax-efficient, and great for conservative long-term investors.
- NPS (National Pension System): Helps build a retirement corpus with structured investing and tax benefits.
- FD (Fixed Deposit): Provides assured returns for risk-averse savers looking for predictable outcomes.
What is a good savings plan?
A good savings plan is one that helps you meet your financial aspirations without adding stress. It should offer stability, growth, and peace of mind. For instance, an endowment plan not only guarantees maturity benefits but also protects your loved ones with insurance cover, making it ideal for parents saving for their children’s education. The right savings plan keeps you focused, ensures steady progress, and helps you tackle emergencies with confidence.
What is the 50-30-20 savings plan rule?
The 50-30-20 rule is one of the easiest ways to manage your finances using a savings plan. Instead of complicated budgeting, this rule simplifies how you divide your income:
- 50% for essentials like rent, groceries, and utilities.
- 30% for lifestyle choices, entertainment, dining, or hobbies.
- 20% for savings and investments to build long-term security.
What makes this rule so effective is that it offers balance. You get to enjoy life today while planning for tomorrow. A savings plan based on this rule ensures you stay on track without feeling restricted.
What is the 70-20-10 savings rule?
For those who prefer a more flexible approach, the 70-20-10 rule offers simplicity without compromising financial discipline.
- 70% goes to everyday expenses, like your groceries, commute, and lifestyle needs.
- 20% is for saving, giving you the peace of mind that you’re prepared for emergencies or future plans.
- 10% is for investing or paying off debts, helping you build wealth or reduce financial burdens.
The beauty of this rule is its flexibility; it’s perfect for those just starting their financial journey. Even with small adjustments, it encourages good habits that lead to long-term financial health.
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