How Investment Management apps Protect Investment Details

A report says that more than 64 banks in India have Rs.11,400 crores as an unclaimed amount. It is because families are unaware of the investments made by their deceased members and therefore, don’t claim their rightful amount. To tackle this problem, many investment management apps are available on the market. These investment apps aim to secure the future of families by making sure they get their money on time and through a hassle-free process. So, download an investment app and make sure your family also benefits from this technological advancement.

If you wonder how secure these investment apps are, we have listed reasons that will drive your fears away.

1. Easy to store details

Storing investment details on an investment app is very easy. To create your profile, you only have to enter your necessary information. You may or may not enter the amount of your investment. However, you can fill in other relevant information. For example, you can fill in the mediclaim information required by the hospitals during the time of a medical emergency.

2. Secured encryption

Because of the robust security features encrypting the app, third parties can’t access it. Therefore, you don’t have to worry about risks such as data hacking or data leak. Your investment details will remain safe and sound on the app.

3. Keeps your family in the know

Thanks to investment app’s family-member login feature, you can configure permissions on the app. It will give your family members the option to log in and access your investment information. Based on your preferences, your family members can only access specific investments.

The app also allows you to add details of your family members in the preferred order. This way, you can prioritize family members who can access your details.

4. Periodic reminders

You will get periodic reminders about your investment records to make sure they are up-to-date. You can set the notification reminder once a month, once every two or three months. In case you fail to respond, the support team will contact your beneficiaries, i.e. your family members.

5. Terminate service anytime

You can terminate your service anytime. Contact the support team of your app and get the verification process done. After that, the app will wipe out of all of your data within seven days.

This is how an investment management app protects investment details. So what are you waiting for? Download the app and secure your & your family’s financial future!