Basic products are for people with annual household income less than 20 lakhs. Intermediate products are for people with annual household income more than 20 lakh but less then 50 lakh. Advanced Products are for households with annual income more than 50 lakh.
The amount of time, effort required for scientific financial planning and the complexity handled by the FinVizer partner, will vary depending on the customer sources of income and requirements.
In addition, as per Indian financial regulations, there are certain restrictions on advanced financial products like derivatives, structured products being offered to retail customers and may only be allowed to be offered to HNI’s etc. Hence we have devised the above classification to offer appropriate products for each category