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In today’s fast-paced and stressful world, achieving financial stability early in life is crucial. Experts say that by the age of 30, everyone should aim to have a strong foundation in three key areas – SIP (Systematic Investment Plan), TIP (Term Insurance Plan), and HIP (Health Insurance Plan). Together, these create a balanced mix of growth, protection, and security.
Rakesh Bhandari, director at Nirmal Bang, said, “This should be done carefully and very smartly so that your retirement life is spent in the right way."
In Your 30s? Build Your ‘SIP-TIP-HIP’ Foundation
Your 30s are the decade when most major financial goals, such as buying a home, planning for children’s education, and preparing for retirement, begin to take shape. Setting up this three-pillar fra