What are the types of financial plans?
Finance planning is one of the most important but often neglected activities in a working person’s life. Life about forty years back was much simpler with limited income, limited expenses and limited options.
An individual used to invest in bank fixed deposits, have a basic life insurance policy and invest in salary provident funds. After retirement, he used to depend on his retirement benefits like provident funds and gratuity. As expenses were lower, it was sufficient to manage with just this.