Investments (RRSP/TFSA/RESP)

Creating a strong financial plan could be what allows you to retire when you want and have the money when you need it. ROYAL SHIELD GROUP advisors can help you with a wide range of investment vehicles that allow you to prepare for what the future has in store.

Registered Retirement Savings Plan (RRSP)

The purpose of this plan is to help employees under the age of 71 with their savings. This plan offers tax benefits and allows for a refund after deducting all the contributions from the payable income.

Tax-Free Saving Account (TFSA)

A TFSA is an account that does not apply a tax penalty and allows you to withdraw money from it whenever you want, tax-free. Anyone above the age of 18 can apply for this plan and it can be used for any purpose.

Locked-In Retirement Account (LIRA)

Unlike a pension, a LIRA is an investment account designed to hold locked-in pension funds under a person’s name so they can manage investments. With LIRA, you get more control over your investments and are able to transfer all funds in the same account instead of managing plans with different employers.

Non-Registered Saving Plan

A non-registered saving plan is also known as a personal savings account. As the policyholder, you can expand your business and get more return than through other bank accounts. This plan is for people who would like to continue to save for a project or retirement and have reached their RRSP and TFSA contribution limits.

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FAQ: What is a health insurance policy? Is it different from a mediclaim policy?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What is NCB (No Claim Bonus)?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What is the maximum number of claims I can make in a policy year?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What are pre-existing conditions? Is here any waiting period for these conditions to make claims?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: What does a health insurance cover?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: Do I need to buy a health insurance policy even if I’m young and healthy?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: Is there any eligibility criterion for having health insurance policy?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.
FAQ: I already have a health insurance policy provided by my employer; do I still need to buy a separate one?
Answer: Network hospitals are hospitals/health units that have tied-up with TPAs or directly with the health insurance companies. With hospitalization in one of the network hospitals of the insurer, the policyholder can avail cashless hospitalization depending on the terms of the policy.