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WHAT IS COST OF DELAY?
The sooner you begin investing or savings for your future, the better it is. However, if you delay your investments by a number of months or years, the maturity benefits will be lower than what they would have been if you had started today or earlier. Hence, you will need to pay higher premiums to compensate for the lost maturity benefits. This additional amount you pay is known as the cost of delay
WHAT IS A COST OF DELAY CALCULATOR?
The Cost of Delay calculator maps out the impact on your finances if you delay your financial planning by some months or years. It can help you plan better for the future.
WHY DO PEOPLE GENERALLY DELAY "INVESTMENTS"
There could be several reasons for the delay in investments, such as not having large disposable income, waiting for the suitable market condition, having too many liabilities, lack of awareness on investments, and more. However, delaying your investment even by a day can cost you.
WHY YOU SHOULD NOT WAIT TO INVEST?
Despite any reason for the delay in your investments till now, you must start investing at the earliest possible. This way, you will have more time to review your investments and realign them with your goals at different life stages.
ADVANTAGES OF EARLY INVESTMENT
When you invest early, you get a multitude of benefits, such as lower premiums to pay, higher maturity and tax benefits, a large corpus of wealth, reduced cost of delay, and more. In addition, the early investment allows you to savour a worry-free life and achieve all milestones.
COST OF DELAY CALCULATOR
WHAT DOES THE DELAY COST CALCULATOR SHOW ME?
It will display the difference of the maturity amount if you start investing today and the maturity amount you will get if you delay your investments by some months or years.
HOW IS COST OF DELAY CALCULATOR USEFUL?
You can use this calculator to timely plan your investments, pay lesser premiums and live with peace of mind
HOW DOES DELAY COST CALCULATOR WORK?
The cost of delay calculator evaluates the total cost you need to pay on account of delay in investments. You just need to enter a few details, such as the amount to need to save, investment period, the expected rate of return, time period by which you want to delay investing.
WHAT WILL HAPPEN IF YOU DELAY YOUR INVESTMENTS?
>If you delay your investments even by some months or years, it will impact your future finances. You will end up paying higher premiums, receive less maturity and tax benefits and may have to compromise on your goals.
WHY SHOULD ONE USE INDIAFIRST'S COST OF DELAY CALCULATOR?
At IndiaFirst, we understand and believe in your dreams. That’s why we deliver state-of-the-art digital innovations across all value chains with the ‘CustomerFirst’ ideology. The cost of delay calculator is designed to show how your finances will be affected in the future if you delay your investments today.