Blog about Financial Education, Advisory & Planning
GIC Housing Finance Ltd (GICHFL) incorporated in 1989, is a housing finance company initially started with the name “GIC Grih Vitta Ltd” which was later changed to its present name in 1993. Promoted by General Insurance Corporation of India along with its subsidiaries National Insurance Co Ltd, The New India Assurance Co Ltd, The Oriental Insurance Co Ltd & …
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 …
How can you find the unknown treasure trove left behind by the deceased parents or spouse or by someone for whom you are the legal heir? Bank: The RBI has mandated banks to publish a list of inactive or inoperative accounts for 10 years or more on the bank’s website. It is possible for the …
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 …
With so much being discussed about the new FRDI Bill there is hue & cry about how safe your bank deposits are. There are two facets to that discussion in case your bank becomes bankrupt. Firstly in case of distress will the bank wind up or will it be bailed out by the government. Historically …
Be it your first job or the subsequent jump, most individuals are focused on the salary on offer. However, there are some non-salary benefits that one enjoys when he is employed. It makes sense to take into account these benefits also while choosing your next employer. These benefits may or may not appear in the …
Benefits you can get from your employer in addition to salary Read More »
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 …
An insurance policy is bought to secure the future, but what happens if the insurance claim gets rejected? Here are the steps one needs to follow: 1. Approach the insurance company · Reach out to the Grievance Redressal Officer (GRO) of the insurance company · Provide the complaint in writing along with the necessary support …
Insurance Claim Rejected? Here’s what you need to do … Read More »
Most individuals run around in February- March every year to complete their tax savings investments and then forget about money and taxation when the new financial year starts in April. NOW is that time of the year when you should start investing for next financial year slowly & steadily so that you don’t have to …
Better late than never: Financial decisions you should take now 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. …