Blog about Financial Education, Advisory & Planning
Markets bounced back sharply over the last month by over 10% to 17900 NIFTY levels. Lower 10 year g-sec rates & inflation globally have eased nerves to some extent. Given the lower inflation print we expect rate hikes to slow down over next 3 months. Prices of crude among other metals & mining commodities declined …
The start of a new year is generally a good time to make some solid resolutions to manage your finances. While you need not take any giant leaps, you must start 2020 with some simple financial steps to manage your money well. These go a long way to inculcate financial discipline in your life & …
About 2.5 cr Indians travel abroad each year to holiday, according to data from The United Nations World Tourism Organization (UNWTO). A multiple times that number travel on a vacation within India. But most of us don’t prioritize travel insurance, and are often unaware of what it covers. Here’s a brief look at the kinds …
I have heard a lot of people shying away from taking a term policy as it mandates a compulsory medical checkup. If you are looking to buy a life insurance policy, do get all the medical tests done and disclose everything known regarding pre-existing disease or family medical background. In most cases the cost of …
Life Insurance Policy – Get the medical tests done Read More »
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 …
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 …
A plan about investing Rs.5000/month SIP (Systematic Investment Plan) for 20 years requires a 20 year old continuous working life and similar savings trend. The question is what if one dies earlier. You must take a TIP or Term Insurance Plan. A TIP makes the financial plan death-proof and allows you to do SIPs for …
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. …
Pradhan Mantri Vaya Vandana Yojana for Senior Citizen Read More »
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. …
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 …
Term insurance a must; But lowest premium not necessarily the best Read More »