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Vacation Plan
Vacation Plan Service By Dhanalakshmi Securities
Plan Your Travel without Stretching Your Finances.
What Is A Vacation Plan
Dreams and aspirations often meet dead end for want of money. As a result, you tend to postpone the expense till you have enough savings in your account. By the time you have saved enough, you realize that the money you have saved is not adequate. So, you end up in a situation where you are always running after that elusive dream which seems so near but is yet so far. For example, going on an exotic vacation. It is now possible for you to address this problem and go on your vacation with careful financial planning. Various investment avenues can help you achieve this goal.
What does Vacation Plan cover?
- Personal Accidents
- Health Cover
- Loss of Baggage
- Financial Emergencies
- Passport Loss
How to Vacation Plan coverage?
There are specific steps that you should follow before deciding on the particular investment
fund you should choose.
- You need to identify the country/region that you and your family members want to visit.
- Ascertain the total amount that the trip is going to cost you. Keep in mind the factor of inflation while determining this cost. The longer you wait for the trip, the more expensive it will be.
- Set a realistic date for your trip.
- You need to ascertain the amount you can spare every month for investment.
After you have determined the above factors, you now need to look for investment plans that will help you generate adequate returns to finance your holiday.
Investment Options to consider:
- Activate Systematic Investment Plan (SIP)
- Short term-mutual funds
- Liquid mutual fund
Importance of Vacation Plan
Our current fast-paced and demanding lives increase the value of taking a good vacation exponentially. These trips become a source of refreshment, away from the daily turmoil of life. Hence, if you want to go on a vacation, don’t let the lack of planning and cash crunch hold you back. Plan ahead, plan good and take that much-awaited vacation today!
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