For stay at home women, there are various investment options to get a regular source of income with high returns. Investment plans are a great way to save up for the future. A money back policy ensures regular stream of income to help sustain you through the toughest of times.
Here are some good investment options:-

Money Back Policy

A money back policy is always a great option in unsure economic times. The rates of return are fixed and not affected by market forces. This means that you are sure to get sustained investment returns through this investment plan, unaffected by changes in the economy. In case of death or maturity of the investment plan, the insured or her nominees will get the entire insured some back. With such constant investment returns at fixed rates, this plan is perfect for women who have a considerable sum available to invest. One can time the investment returns on money back policies to coincide with times of need. Alternatively, these investment returns can be invested further at different rated for higher investment returns. It is all about using your money wisely.

Term Life Insurance

It is always wise to get a life insurance, even if one is not an earning member of the family. Such an investment plan will pay for your dependents with a considerable sum in case of your untimely death. It will also take care of any mortgages or payments made left in your name. Term life insurance is a good investment especially if you have kids. Taking care of children in case of your death can be a costly affair. The claim from term life insurance will help your spouse finance the extra help and care required for the children in such a scenario.

Traditional plans or ULIP

While choosing a money back policy, it is good to decide between the traditional investment plans or unit-linked insurance plans. While a traditional plan offers investment returns at fixed rates, the rates of ULIP fluctuate with market conditions. With a ULIP, you can choose which investment plans your premiums are further invested into. If you have a good grasp of the financial markets and understand your financial needs, you can choose a ULIP and invest your premiums at different rates to get very high investment returns. On the other hand, if you would rather go for a safer and consistent choice, we recommend a traditional investment plan like money back policy which assures consistent investment returns at fixed rates. These rates are independent of the market and are hence more dependable than ULIP rates of returns. On the other hand, a ULIP will give you more flexibility in terms of withdrawals from the investment plan and premium payment options, which are not possible in traditional money back policies.

At the end of the day, a ULIP can offer much higher investment returns but these are not always guaranteed. Changes in market conditions can majorly impact the rates of your investment returns. The premium investments can also be switched from high risk to low risk investment plans. It all depends on your abilities to invest the right amount at the right time.