😎 Slightly Organised You
Started the SIP in year 1. Did not feel it. Now feels like a genius.
🙂 "I'll start next year" You
Said "next month" 60 times, started after 5 years. Missed by waiting.
🫠 Forgetful You
Invested nothing.
Salary arrived. Salary left. Nobody saw where it went.
The two things your salary slip never mentions
Employer health cover typically ends when employment ends, and group cover often has a modest sum insured, commonly around ₹3 to 5 lakh. A fresh personal policy can restart waiting periods, and premiums rise with age.
Cover is usually easier and cheaper to get while you are young and healthy. A common rule of thumb is 10 to 15 times your yearly income. It is only a starting point: your loans, dependants and savings change the number.
Do the slightly organised thing
Illustration, not advice. Numbers assume a fixed monthly investment, steady returns and no tax or fees. Real investment returns are not guaranteed and can be negative. Insurance terms, premiums and exclusions vary by insurer, so read the policy and ask a qualified professional. SalaryBit is an independent site and is not affiliated with any insurer, fund or government body.