Term Insurance - Ashish

Term Insurance Explained: What, Why and How

Term insurance is a pure risk cover product. It pays a benefit only if the policyholder dies during the period for which one is insured. Term life insurance provides for life insurance coverage for a specified term of years for a specified premium. The premium buys protection in the event of death and nothing else.

The three key factors to be considered in term insurance are:

  • Sum assured (protection or death benefit)
  • Premium to be paid (the cost to the insured), and
  • Length of coverage (term).

MyWay Wealth Weekly Update (Issue #16): JRPICL Default, your portfolio and more

“Opportunity and risk come in pairs”

― Bangambiki Habyarimana, The Great Pearl of Wisdom

While last weekend was Republic Day and we would love to share something interesting around the theme, mutual funds have received yet another shock through a credit default – but don’t worry, we’ve got your back!

This mail is to inform you about the default, corrective action taken and finally about how the week was Indian equities.

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Introducing National Pension System (NPS) on the MyWay Wealth app!

Now invest in NPS on the MyWay Wealth app and save more taxes!

Secure our future with MyWay app

Dear Customer,
We are glad to introduce a brand new product on the MyWay Wealth app – National Pension System. Now you can invest in NPS on the MyWay Wealth app without any paperwork in a completely digital manner!

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Now invest via UPI on MyWay Wealth

We wanted to share an exciting update with you. In our effort for making the payment experience superior, we have introduced UPI as a payment option on MyWay Wealth. Here is how it works:

  • Install MyWay Wealth app, finish paperless KYC in 5 minutes and choose Top Rated Mutual Funds to invest in.
  • You need to have a VPA (Virtual Payment Address) for your bank account. Once you choose UPI as a payment option, you will be promoted to enter your VPA.
  • A payment request will be sent to your native UPI app (e.g. BHIM, Google Pay, any bank’s UPI app, etc.) and you will receive a notification about the payment request.
  • Pay from the UPI App and return the MyWay Wealth app.
  • Your transaction is successful and you can track the same in the reports section.

We know the value of hard-earned money, and we guarantee absolute peace of mind on your purchases. Signup now to start investing in Direct Mutual Funds, Term Insurance and National Pension System (NPS).

Happy investing!

Reasons to invest in Mutual Funds!

1. Expert advice

The Mutual funds you invest in are taken care of by Experts, who make instant changes in your scheme as per changing trends in the market. Thus you can easily review the growth in your investment.

2. Close Supervision

  • The Companies that deal with your investments are closely monitored by SEBI. Such strict regulations compel companies to make necessary disclosures at regular intervals.

  • Even online platforms, such as MyWay Wealth, require you to complete KYC (Know Your Customer) compulsorily to ensure safety of your investments.

3. Wide range of options:

Your risk appetite is unique and hence Mutual funds provide various funds like: Balanced funds, equity mutual funds, monthly income plans, income funds, and liquid funds to meet your investment goal.

4. Reduces risk

Mutual funds provide you broad exposure to various stocks such as bonds, shares, equities, etc that are carefully selected by professionals further reducing your burden.

5. Liquidity

Mutual funds allows your to convert your investments into physical cash to meet your immediate needs incases of emergency, within 1-3 days.

6. Low Costs:

The transactions costs charged by Direct Plan mutual funds are relatively cheaper than other investments. Install MyWay Wealth, which is a Direct Plan mutual fund investment app to start investing.

7. Planned Investing

Mutual funds help you to maintain a disciplined lifestyle instead of trading based on your fear or greed in the stock market directly, thereby encouraging long term investments.

8. Smaller investments

You can start investing in mutual funds with just Rs. 500.

9. Flexibility

Mutual funds provide you two investing options: regular deposits (SIP) or lump-sum payments.

10. Tax Benefits

Mutual fund provide tax advantages, that you get more profits.

11. Available on apps

You can make investments in mutual funds with just a few clicks using your smartphone. These platforms give advice, track and provide alerts on your investment plans. And its simplified as it is completely paperless.

12. Higher Returns

Since Mutual funds are linked to stock markets you can earn higher returns and beat high prices when compared to traditional instruments such as Fixed Deposits.

If 12 reasons couldn’t convince you to invest in mutual funds, I don’t know what will! Signup now to start investing:

Accomplish more with MyWay Wealth’s Advanced Research Reports!

We are excited to announce the launch of our newest feature – Advanced Research ReportsThese reports are the perfect companion for investors to take a well-informed decision, and make the best returns from investments.

Key highlight:
Portfolio Analysis

  • Detailed analysis of the fund’s portfolio and sector exposure.
  • Check out top holdings and more.

Performance Analysis

  • Return analysis across multiple investment periods.
  • Index VS Fund Growth

Risk Analysis

  • Category Risk and Return matrix
  • Various other risk indicators like alpha, beta and more.

We hope that you will like this new feature of your MyWay Wealth app, and make the best out of it. Click here to download MyWay Wealth app to start investing in Direct Mutual Funds, Term Insurance and National Pension System (NPS).

Alternatively you can signup online to start investing:

Advanced Research Report

ZERO COMMISSION. ZERO FEE. ZERO PAPERWORK.

 

 

 

Be the perfect Santa to your family! Act NOW!

Be the Santa to your family

Why one should invest in SIP through MyWay?

Fund recommendation engine:

Invest in Funds which have constantly outperformed market.

Real-time tracking:

Track/monitor your investments with a click of a button anytime, anywhere.

Portfolio Rebalancing:

Get your risk covered by periodically balancing your portfolio.

Do-It-Yourself:

You can invest in over 5,000 direct plans in your own way.

If you have any concern, please write to us at ask@mywaywealth.com or call at +918048039999, we would be happy to answer your query.

Team MyWay wishes you Happy New Year 2019!

MyWay Team wished you great new year.

Why one should invest in SIP through MyWay?

Fund recommendation

Fund recommendation engine:

Invest in Funds which have constantly outperformed market.

Real-time tracking

Real-time tracking:

Track/monitor your investments with a click of a button anytime, anywhere.

Portfolio Rebalancing

Portfolio Rebalancing:

Get your risk covered by periodically balancing your portfolio.

Do-It-Yourself

Do-It-Yourself:

You can invest in over 5,000 direct plans in your own way.

So, what are you waiting for? Signup now to start investing:

If you have any concern, please write to us at ask@mywaywealth.com or call at +918048039999, we would be happy to answer your query.

Are you concerned about the 3Ss of your investment? Secure, Safe & Smart!

Money growth in your secured platform

People often hesitate to invest on digital platforms because of security and trust issues.

Don’t worry, investing with MyWay Wealth is 100% safe and secure.

Here is how we ensure safety and security:

  • 256-bit Secure Socket Layer (SSL) encryption
  • All payments are routed via BillDesk (PCI – DSS Compliant)
  • All orders are executed via Bombay Stock Exchange (BSE)
  • MyWay Wealth is a SEBI registered Investment Advisor (INA200005323)

Also, we have built smart fund recommendation to suit your investment goals and style.

The complete digital platform makes investment very simple and you can start right away. To begin with, you would need

  • PAN Number
  • Date of Birth

It would hardly take 30 seconds to complete the first step. What are you waiting for? 

Don’t let your money go, let it grow!

Dear Customer,

Time becomes more precious when it comes to investments for the future. Don’t delay, here are 4 good reasons why you shouldn’t delay mutual fund investments.

1. Risk Horizon

Higher the risk, higher the return, so better to start young when you have a large appetite for risk.

2. Cost of Delay

Each month delay in a monthly SIP of Rs 10,000 (for 30 years) could cost 2 Lakh per month. (CAGR ~ 18%*).

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