In recent news, it has been reported that many non-resident Indians (NRIs) are considering India as a prime destination for investing, aiming to accrue profits from an early age and subsequently retire in comfort. NRI parents with young children are actively exploring investment options in India to secure their financial future. India offers NRIs a diverse array of investment opportunities, including Unit Linked Insurance Plans (ULIPs), guaranteed plans, Capital Guarantee Plans, and Annuity Plans [7268f310].
ULIPs are investment plans that provide wealth accumulation with the protection of insurance. They offer the flexibility to invest in various asset classes and provide tax benefits. Guaranteed plans ensure policyholders absolute security through fixed and stable returns. These plans are suitable for NRIs looking for a low-risk investment option. Capital Guarantee Plans combine guaranteed returns with potential market-driven growth, offering NRIs the opportunity to benefit from market movements while ensuring a minimum guaranteed return. Annuity Plans, on the other hand, offer a dependable solution for NRIs nearing retirement. These plans provide a fixed monthly income for life, ensuring financial stability in retirement [7268f310].
Diversifying the investment portfolio is crucial for NRIs to build a substantial corpus. By exploring different investment options, NRIs can mitigate risks and maximize returns. It is advisable for NRIs to consult with financial advisors who specialize in NRI investments to understand the various options available and make informed investment decisions [7268f310].
In addition to the investment options mentioned earlier, HSBC Life Singapore has introduced a new product called HSBC Life Diamond Prestige IUL, specifically tailored to high-net-worth families [1bcee0b1]. This indexed universal life product offers flexible wealth accumulation, efficient financial planning, and lifelong insurance coverage. The policy includes features such as lifelong protection for death and terminal illness, business cash flow management, and financial inheritance for future generations. It encourages a healthy lifestyle and offers discounts on insurance charges for improved health conditions and smokers who quit smoking. The policy allows policyholders to harness growth potential with an Index Account while providing downside protection. It offers flexibility in premium payment options and the allocation of funds between the General Account and the Index Account. The policy safeguards investments with a no-lapse guarantee and protection from market losses. It also facilitates wealth transfer and accommodates evolving wealth accumulation and protection needs [1bcee0b1].
With the introduction of HSBC Life Diamond Prestige IUL, NRIs now have an additional investment option to consider when planning for their financial future. This product is designed to cater to the unique needs of high-net-worth families and offers a comprehensive solution for wealth accumulation, financial planning, and insurance coverage. NRIs can now explore this new offering from HSBC Life Singapore alongside the existing investment options in India to create a well-rounded and diversified investment portfolio that aligns with their long-term goals and risk appetite.