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Top One-Time Investment Plans In India For 2022
If you need a robust investment plan for your idle money and are ready to take risk, the top one-time investment plans are the ones to consider. Let’s learn more about them in this post.
Different people have different investment requirements. Some want stable and risk-free plans and do not want to take any risk with their money, while there are others who would like to generate value for their savings by taking risks. Depending on your investment temperament, you can consider investing in varied plans available in India. However, if you are seeking an investment plan that can be used to invest your yearly bonus while meeting your long-term monetary goals, the top one-time investment plans for 2022 would suit you the best. These plans are crafted to meet the needs of people who have enough money in hand and who are willing to take high-risks.
When it comes to investing in a one-time investment plan, you get benefits that are galore. Some of the unique one-time investment plans from SBI and LIC allow the insured to enjoy capital appreciation, better returns in the long run, paying the transaction fee only once, and no need to worry about premium dates among others.
Here, we are discussing in detail about the one-time investment plans and how to choose the best one time investment plan to receive high returns.
About One-Time Investment Plans
As the name suggests, the one-time investment plan is one where the investor puts a huge sum of money for a single investment and a fixed tenure. So, in case you have enough inactive money with you, you can invest in LIC’s one-time investment plan with high returns. Since you cannot predict the future and the unforeseen events in life, it is better to invest in good policies so that you can use the money if you need it in abundance at any time in future. These investments come as a great boon in the future when you retire.
5 Benefits of the One-Time Investment Plans
Below are some benefits of the one-time investment plans, which will acquaint the likely buyers about the policies to understand them better.
- Good to get return on your inactive money – If you have a good amount of inactive money with you that you do not require it in the near future, you can invest that money in a one-time investment plan. The one-time investment plans are better to gain good returns as compared to the low return schemes
- No need to worry about premium payment – With one-time investment plans, the investor can stay away from the worries of paying yearly premiums. As such, people tend to forget the premium payment dates and thus get into trouble However, this issue doesn’t arise with the one-time investment policies
- Long-Term Investment with good returns – The best part about the one-time investment plans from LIC and other reputed insurers is that you can be rest assured about the safety of your money for a long-term and can use it for life events like marriage of kids, purchasing of property and so on in future
- Low Exchange Cost – The one-time investment policies are available with a low exchange cost, so one can invest in such a policy with a minimal loss
- Early Investments receive better benefits – The investor can enjoy benefits in the long run by investing in this best investment policy at an early stage
Though one-time investment plans have several benefits, they have some disadvantages too. Some of the drawbacks are mentioned below:
Disadvantages of One-Time Investment Plans:
It is important for the consumers to understand the disadvantages of one-time investment plans so that they can analyze everything before investing in them.
These plans lack investment discipline – The one-time investment plans lack discipline as under these plans the investor is required to invest a huge sum of money at one go. The lack of investment discipline can make the investor feel under monetary crisis at certain point during the policy duration
Involve high risk – As compared to other policies, the risk of investing in a one-time investment plan is much higher. This is due to the fact that the market is highly volatile and the plan may incur loss and cause you misery
Since there is so much risk involved in the one-time investment plans, you need to consider certain things before investing. Some of such points are mentioned below:
3 Points to Take Note of While Buying the Best One Time Investment Policy
Be it any investment policy, it is not recommended to hurry in buying a plan when it comes to insurance. So, it is better to note the below factors before investing;
- Market Value – The market value of the policy is the most essential thing to consider while buying a one-time investment policy. Further, if you do not have enough knowledge of the plan or you are not sure about it, it is better to get suggestions from an expert to clear your doubts
- Estimation of Return and Liquidity – It is equally important to decide beforehand if you want to invest in a short-term or a long-term investment plan. Consider your option after analyzing all the pros and cons including your immediate financial requirements
- No Hurry – You cannot take the decision of buying the best investment policy in India in a hurry. You have to take the decision with a cool mind after doing good research
8 Top One-Time Investment Plans in India for 2022
Here is a list of some of the Best One-Time Investment Plans with High Returns:
- HDFC Small Cap Fund
- ICICI Prudential Bluechip Equity Fund
- Reliance Large Cap Fund
- Aditya Birla Sun Life Tax Relief 96
- Kotak Emerging Equity Scheme
- UTI Nifty Index Fund
- SBI Banking and Financial Services Fund
- Tata Equity Fund
Read More: New Born Baby Investment Plan – Best Investment Plans for a New Born Baby in India, 2022
To Sum Up
The one-time investment plans allow good opportunities for the investors to gain good returns. These plans are reliable yet risky. Hence, it is recommended to read and understand the plans well before investing. Also, it is recommended to compare several one-time investment plans from different insurers to choose the one you trust the most.
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
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What is Bajaj Allianz Claim Settlement Ratio (CSR)?
Looking to buy insurance from Bajaj Allianz Life Insurance Company? Take a look at its impressive CSR and decide the best for your loved ones.
Life insurance is one such product that is an absolute necessity for every family. Uncertainty lies ahead at any step of life, creating sudden opportunities for unforeseeable expenditures, sometimes even permanent income loss. Therefore, the only ray of hope is to brace ourselves for the unpredictability that may show up any moment. For this, life insurance helps. Considering its huge demand by several families in India, the product is sold by numerous companies. To make an informed and wise decision, it helps to know the Claim Settlement Ratio (CSR) of each.
Bajaj Allianz Life Insurance Co. is one such firm specializing in various insurance plans custom-made to suit the requirements of every family. It deals in life insurance policy, general insurance, and motor insurance, among others. In terms of Bajaj Allianz Claim Settlement Ratio, it stands at an impressive 99.02% for the Financial Year (FY) 2021-22. Here we discuss more about what this means for the company and more importantly for its policyholders. Read on.
What is Claim Settlement Ratio?
CSR, as it is popularly known, refers to the total percentage of received claims settled by an insurance company in a given financial year. Every financial year, an insurance provider receives a certain number of claims from its policyholders. Out of the total received, it is able to successfully settle (reimburse the amount payable to the insured) a certain number of claims in that fiscal year. Those successfully settled claims are calculated as a percentage and compose the CSR of the company.
What Does a High Claim Settlement Ratio Mean for the Insurer?
While looking for the best insurance company to buy insurance plans from, it is important to always first look at its CSR. This is because a high CSR for the company directly reflects its credibility in the market.
An insurer’s repute in the insurance industry is determined by its ability to settle the maximum number of claims received by its policyholders in a particular financial year. Based on the total number of approved claims in that year, it can be assessed whether or not the company is worth investing in with regard to insurance. Ideally, an insurance company must have higher approved claims than the ones rejected to enjoy the trust of its prospect buyers and to be considered reliable.
What is the Latest Claim Settlement Ratio of Bajaj Allianz?
Now that we know that CSR is indeed an important deciding factor in the fate of an insurance company, let us look at the latest CSR percentage of Bajaj Allianz Life Insurance Co., one of the leading names in the insurance market.
As on FY 2021-22, the claim settlement ratio of Bajaj Allianz was calculated at 99.02%. This is highly commendable with respect to a number of other insurers in the market. The company enjoys this high CSR value because of its prompt and hassle-free claim-settlement process. This means that as soon as the company receives claims filed by its policyholders, it ensures that it is settled within a day. In case no further enquiry is required on part of the company into the claim received, it is approved for the insured as soon as possible.
Bajaj Allianz Life Insurance Claim Settlement Ratio Over 5 Years
We learned above the CSR of Bajaj Allianz in the FY 2021-22, which is highly impressive. Now let’s take a quick look at the company’s CSR values over the last 5 financial years. This would help give you an idea of the company’s performance in the insurance market in the recent past, thereby helping you make a wise and informed decision.
| Financial Year | Total Number of Claims Received by Bajaj Allianz | Total Number of Claims Settled by the Company | Claim Settlement Ratio |
| 2015-16 | 1,161 | 1,068 | 91.30% |
| 2016-17 | 16,239 | 14,887 | 91.67% |
| 2017-18 | 14,315 | 13,176 | 92.04% |
| 2018-19 | 12,767 | 12,130 | 95.01% |
| 2019-20 | 12,127 | 11,887 | 98.02% |
| 2020-21 | 14,333 | 14,115 | 98.48% |
| 2021-22 | N/A | N/A | 99.02% (as per company website) |
How to Calculate Claim Settlement Ratio?
There is a simple formula prescribed by the Insurance Regulatory and Development Authority of India (IRDAI) to compute the CSR of any insurance company. Knowing this simple method helps since it’s useful to determine the CSR of any insurer that you may be considering for buying insurance plans from.
Claim Settlement Ratio = Total Number of Life Claims Settled by the Insurer / Total Number of Life Claims Received x 100
Based on the above formula, the claim settlement ratio of Bajal Allianz has also been computed, and the latest data received, as per the company’s official website, is 99.02%.
About Bajaj Allianz
Bajaj Allianz is one of the leading and popular general insurance companies in India which was formed as a result of a joint collaboration between the Bajaj Group of India and Bajaj Finserv Limited.
The company enjoys a pan-India presence with branches in over 1,100 towns and major cities of the country. Besides, Bajaj Allianz also provides its valued customers the facility of network hospitals, which means that no matter where the policyholder may be residing (even temporarily), they can avail the service of emergency hospitalization (if required) at any leading network hospital in alliance with Bajaj Allianz anywhere in the country.
Read More: Bajaj Allianz General Insurance Company Limited
Summing it Up
The claim settlement ratio of any insurance company is an indication of its reliability among customers and its credibility in the competitive market. Hence, it is vital for the company to continue displaying healthy CSR data year after year. This is possible only when the insurer settles claims for its customers both promptly and successfully by approving the claims received.
Bajaj Allianz, in this case, is a perfect example of prompt and efficient service, with a remarkable CSR percentage of 99.02%. This means that out of every 100 cases received in a fiscal year, for example, the company is able to settle 98 cases. We hope that the data presented in this blog would help give you a clear picture of the credibility of Bajaj Allianz and assist you in making an informed choice for you and your family.
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
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What is the Difference Between BSIV and BSVI Engine?
As per the new mandate by the Central Government, it is imperative for all motor vehicles manufactured and sold after 2020 to comply with BS6 engine norms as against the current BS4 being used. Here’s what has changed moving forward.
Air pollution has become a harsh undeniable reality of today. With Diwali just around the corner, this fact stares us in the face more than ever. Perhaps a good time to take a closer look at this health hazard that’s slowly but surely impacting the health of millions of people in the country, even children. The central government, on its part, has now decided to introduce some stringent measures to control air pollution considerably. Mandating the use of BS6 engine for all two- and four-wheelers is a step in this direction.
Before we move on to discussing more about BS6 engines and how they are better than the earlier BS4 engines used for vehicles, let us understand a little about the BSES regulations with regard to controlling the level of air pollution emitted from vehicles.
What are the BSES Regulations Regarding Control of Vehicular Pollution?
BSES stands for Bharat Stage Emission Standards which have been specified by the Indian central government in an attempt to keep toxic emissions from motor vehicles, which contribute to air pollution in the country, under check.
According to these regulations, it has been mandated by the central government of India that all manufacturers of two-wheelers and four-wheelers both, must manufacture, register, and sell only the BS6 (BSVI) engine, effective April 1, 2020.
These regulations have been prescribed keeping in view the rising air pollution levels in India and are an attempt to regulate them to the maximum. Also, note that before the use of BSVI engine was mandated by the government, the vehicular industry had been using the BSIV engines in its two- and four-wheelers.
Let us understand what changes do BS6 engines bring about over the BS4 engines.
Difference Between BS4 and BS6 Engine
Before the BSVI engine was mandated by the government with effect from 2020, the two and four-wheeler industry had been using the BSIV engines. These engines came with some strict regulations and emission standards prescribed by the BSES with a view to keep a healthy check on vehicular emission contributing to air pollution in the country.
If the BSIV engines had stringent norms, the BS6 definitely kicked things up a notch. The upgraded engine parameters in the BS6 engine aim at a much cleaner environment and lesser pollutant emission.
The following table enumerates exactly how the BSVI engine is an upgrade over the BSIV one and the key differences between the two engines:
| Key Difference Parameters | BSIV Engine | BSVI Engine |
| Emission of NO2 | Not more than 80mg/km allowed | Permissible only up to 60mg/km |
| Sulphur content in the engine | 50ppm | 10ppm |
| Inclusion of SCR and DPF to assess emission levels | Selective Catalytic Reduction (SCR) and Diesel Particulate Filter (DPF) not included in the BSES emission standards | SCR and DPF included to assess emission levels of the engine |
| NO2 Permissible Emission Limit in Diesel Vehicles | 250mg/km | 80mg/km |
| Addition of Onboard Diagnostic (OD) | Considered unnecessary in BS4 engines | Added to the BS6 engine standards |
| Lubrication | Only Sulphur was used as the prime lubricating element, which discharged more number of pollutants | Sulphur was replaced with Sulphur-like lubricating elements to improve engine performance |
| Real Driving Emission Standards | Could not be determined in BSIV engines | Stringently implemented to track real-time emission of pollutants |
| Limit of Particulate Matter (PM) in Petrol Vehicles | 0 | <4.5mg/km |
| Limit of Particulate Matter (PM) in Diesel Vehicles | 25mg | <4.5mg/km |
| Limit of Hydrocarbons + NO2 in Diesel Vehicles | 300mg | 170mg/km |
Regulating Not Just Engines But Vehicle Registrations Too
We learned above about the Bharat Stage Emission Standards (BSES) that regulate emission of pollutants from vehicles, applying uniformity in engine specifications via the BS6 engines. The latest reports suggest that there is yet another uniformity introduced by the body with regard to vehicle registration.
The Bharat series vehicle registration removes the obligation on the vehicle owner to re-register their vehicle after moving to another state in India. As you may be aware, registering your vehicle as per the new state norms can involve a lot of time and hassle. To save the vehicle owners from the trouble, the Bharat series registration has been introduced which ensures that the same Bharat series number plate is uniformly applicable and acceptable across India.
However, it must be noted that the Bharat series vehicle registration is not meant for all. It is only applicable at the moment to non-transport vehicles and for employees of the central and state government who find it difficult to re-register their vehicles each time with a transfer from one state to another.
Read More: Duplicate RC Book Online – How to Get Duplicate RC Book / Smart Card Online and Offline
In a Nutshell
With a view to provide the maximum convenience and welfare to the country, the central government is coming up with various directives from time to time. The introduction of BSVI engines and the Bharat series number plates reflect just that.
It is equally our duty towards our country to act responsibly by driving safely and buying motor insurance upon purchase of a new vehicle (whether two-wheeler or four-wheeler). By buying a motor insurance policy, such as bike insurance or car insurance, you can safeguard your vehicle against any unforeseen circumstances in the future.
For the best deals on motor insurance for your dream vehicle, look up PayBima. The website has several best offers on the finest motor insurance companies that would provide just the right policy for your needs. Also note that vehicles that comply with the BS6 engine norms are generally offered motor insurance at low-priced premium rates. This is done to encourage more and more people to comply with the upgraded engine specifications as set by BSES and thereby contribute to lesser air pollution in the country.
Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.
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