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business1d ago
HIP, TIP before SIP: Experts take on smart financial planning
- Experts urge investors to start with protection (HIP and TIP) before focusing on growth through SIPs.
- Bansal says medical emergencies or income shocks can derail long-term plans without proper protection.
- The piece emphasizes the sequence: HIP first, then TIP, finally SIP for wealth growth.
- SIPs are valuable for wealth creation but require a solid protection base to stay intact.
- The article frames protection as essential to weather emergencies and keep long-term plans on track.
- Experts advise reflection on personal readiness and insurance as essential, not optional.
- The piece highlights recent context: SIPs are popular but need a safety net against life shocks.
- The article cites health and term insurance as protective shields for savings and family.
- The expert quotes emphasize a clear ordering: protect first, then grow wealth.
- The article is authored by Jasmine Anand, providing international readers with practical guidance.
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