INSURANCE

ULIPs

Mutual Funds better than ULIPs even after LTCG

I have been a firm believer in not mixing investment with insurance. Since ULIPs (Unit Linked Insurance Plan) can offer a maximum cover of ten times the premium, it would cost you an enormous amount of money to provide the amount of life cover you actually need. Ever since the LTCG tax was announced in …

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Buy a health insurance early in life

Medical Insurance or health Insurance is an insurance policy that ensures that you get cashless treatment or expenses reimbursement if you fall ill. However the insurance company will pay for your treatment if the medical condition is covered in the policy. As per IRDAI the premiums payable for the policy are tax deductible u/s 80D …

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Pradhan Mantri Vaya Vandana Yojana for Senior Citizen

Senior Citizen mostly depends on interest income on their savings for their monthly expenses. In times of declining interest rates when interest rates on bank FDs have fallen to abysmally low levels the Government has come out with some schemes for senior citizens to help then earn a minimum amount of return from their savings. …

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traditional plan

Why traditional plan don’t make sense

I am an advisor following the old school of thought. Firstly don’t mix Investment with Insurance. They are distinctly different and serve different purpose. Secondly once segregated focus on value investing & slowly but steadily building up your corpus with a judicious mix of equity & debt. Now let us understand the different investment avenues. …

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Term insurance

Term insurance a must; But lowest premium not necessarily the best

Term insurance plan is a necessity for an individual who has dependents or a family. It is the basic form of life insurance where a fixed sum assured is paid on the death of the policyholder. In case of survival of policy term, the insured doesn’t get anything in return. It works on the basic …

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life insurance

Make life insurance an integral part of your financial plan….

Buying life insurance is a crucial decision as it is directly connected to the financial security of your family and you Life insurance gives you the freedom to chase your dreams, knowing that the immediate and long term financial future of your family is secure. Hence you need to buy a policy which is in …

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