Insurance Basics & Financial Advice

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It is advisable to be well-prepared for emergencies. Part of this preparation is securing yourself financially. This is where an emergency fund comes in handy. Here’s more information on it, why it is important, and where you should keep it.

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Fund switching is a feature of ULIP which enables the policyholders to shift their money from one fund to another within the same plan. Policyholders can choose the fund as per their financial goals and risk tolerance.

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Retirement is the time when you are free of work commitments and can indulge your dreams. One of the most common dreams that people have is building a retirement home. Whether it is a haven of peace amidst greenery and mountains or a simple 1 BHK in the city, you need to plan for it properly.

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Pension plans have been touted by experts as some of the best ways to plan your retirement. They give you the benefit of saving your money and act as a source of income later on in life. This can help meet any expenses that you may have

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Are you tired of your 9 to 5 job and want to free yourself from the shackles of your mundane schedule? Then why not plan your early retirement!Retirement at 40 is the dream of many. People adopt various ways to save enough

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Savings plan offered by life insurance companies are efficient tools to help you plan for your future. They offer insurance coverage along with the added advantage of regular saving for your life goals. An individual deserves the freedom of choice in all aspects of life and life insurance is one of them.

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Most of you are working 9 to 5 jobs to provide for your families. You might have sacrificed your dreams to be a chef, a photographer, a blogger or a traveller on the way to support your dependents and meet your life goals.

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Raising a child is a challenging task; raising a child single-handedly more so. There are many obstacles that a single mother needs to overcome. You need to fill in the shoes of both the parents. You also have to work to support your needs,

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While purchasing a life insurance plan, you need to be vigilant and wary of frauds. You might not just suffer a monetary loss, but it can also cause you emotional turmoil.

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Savings are an essential part of your life. You save money to sustain yourself and your family, to pay for your rent, utility and medical expenses amongst others. They also help you pay your EMIs and clear the outstanding debts. Savings are also essential for you to reach your financial and life goals.

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Term insurance is one of the basic types of life insurance. The premiums are affordable, and it is perfect for those looking to secure short term life goals. Anyone can buy a term life insurance plan, and NRIs are no different.

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Term insurance plans are affordable and easy-to-buy. The insurance company asks for some personal details and documents when you apply for a term life insurance. One such detail is the declaration of your income.

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Financial security for your elderly parents is paramount for their welfare in their old age. Methodical financial planning can secure your parents from uncertainties in life and can help keep your worries at bay. Here are a few tips to help you out with efficacious financial planning for your parents.

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Owning a house is every person’s dream. However, it does not end at just that. You also need to protect the property purchased with your hard-earned money. Hence, buying home insurance is of utmost importance for preserving the value of your property.

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You depend on insurance policies to get you or your family through the most vulnerable times. Nothing can be as scary and depressing as your term insurance claim being denied during such times.

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Our tax planning is centred around saving the maximum possible amount on the taxes that we pay. We consult CAs, read about tax saving, buy insurances and invest in the market to be eligible for tax rebates and exemptions. However, when it comes to the process of checking the status or claiming the refund, some of us are rather clueless.

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There are different reasons why people invest- it can be for ensuring the safety of their savings, for generating wealth or for a particular life goal. If capital preservation is your agenda, you can invest in short term investments that provide security and carry minimal risks.

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The ongoing pandemic has ushered in a new normal. It has forced people to rethink their security in terms of physical and financial health. People are researching methods to boost their physical immunity, along withfinancial immunity too.

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Life insurance is a must-have as it protects your interests and takes care of your family in case something happens to you. Insurance finds most takers in the age range of 20 to 40. Purchasing a life insurance cover above the age of 50 is relatively unheard of.

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You may already have an insurance. But have you considered purchasing a second insurance policy?You are not alone. There are many people who consider purchasing multiple insurance policies, but are confused about it. You, too

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Term insurance is considered the most basic form of insurance which provides financial protection to your family at affordable rates. The premium is to be paid only for the fixed term for which the insurance policy is taken. With term insurance

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Savings are an essential part of your life. You save money to sustain yourself and your family, to pay for your rent, utility and medical expenses amongst others. They also help you pay your EMIs and clear the outstanding debts. Savings are also essential for you to reach your financial and life goals.

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Medical issues and illnesses may strike unannounced, and you need to be ready for them. Along with a healthy body and immune system, you must be prepared financially too. A health insurance policy is of great help whenever you fall ill.

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If you are planning to study abroad, you might already be researching about student health insurance. Health insurance is mandatory when you are emigrating to other countries for studies. Many students pay heavy premiums for health insurance plans

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ULIPs have gained popularity in recent time due to the many benefits they offer. With growing awareness, more and more people are turning towards ULIP to meet their financial needs. Owing to the flexibility and the many advantages, CA and financial planners

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The awareness and need for women empowerment are at an all-time high. Equal opportunities for men and women, bridging the gender gap, and equal pay for all the genders are some of the measures that have been undertaken all over the world.

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With increasing awareness about insurance in the country, the popularity of insurance policies has grown. However, people are still apprehensive about paying money for something that does not give out quick benefits or immediate results.

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A Fixed deposit is the preferred saving option of many as it provides a higher rate of interest than a savings account. However, after the repo-rate cut announced by RBI, the FD interest rates across all the banks in India have taken a hit. As a result, people are looking for alternatives

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The times are testing and uncertain. Apart from health issues, financial issues too can strike without warning. With the pandemic and lockdown in place, many have lost their sources of income and are facing financial hardships. This is why building up your financial immunity is important.

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In these uncertain times, it has become all the more important to take care of yourself and your family. As you age, you become susceptible to a range of health issues. A health insurance policy is thus a must. But, it is of limited assistance when you are diagnosed with a critical illness or serious complications that may require expert medical care and advanced treatment.

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Having a child is a great responsibility. You need to be ready emotionally for it. But have you considered the financial aspects? When you think about financial planning for children, the question that comes to your mind is- how to plan for your child’s education and marriage.

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Post-retirement, for many individuals, health conditions may become fragile, and medical bills may pile up. This can dry up any savings corpus built over the years. Also, if a corpus has been exhausted due to certain financial goals in the past

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Health issues might arrive unannounced. There is always a chance that you might be affected by the occasional virus or the seasonal flu. There can even be more serious complications which may require hospitalization. At times like these, you need to be prepared financially.

7 Minute |

Term life insurance policy can help you stay safe from the predicaments of life. It takes care of your family’s needs should any tragedy befall you. It provides an assured payment to your nominees in case of your death which they can use for their expenses.

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Life insurance plans help secure your life goals. They protect your family from financial stress in case of your demise. Traditionally, term insurance plans have always been associated with a single policyholder. However, with the evolving market and social dynamics

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Life insurance has become a necessity in today’s world. It is probably the best way in which you can secure your family if something happens to you. Your family members can use the proceeds from your policy to pay off your debts and liabilities or use them for their expenses.

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Life insurance is a contract signed between an individual and a life insurance company. The individual pays a certain premium at fixed intervals. In contrast, the insurance company pays the beneficiaries the insured amount on the occurrence of the insured event like death/disability or defined benefit of the product on maturity.

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Although your life insurance policy secures the future of your family, the benefits of the insurance are not guaranteed to pass on solely to your wife and children. Your relatives, creditors or bank may claim some part of the insurance benefit for clearing any outstanding debt or otherwise.

6 Minute |

We celebrate Mother’s day with great zeal and enthusiasm. But, do you know that there is an equally important day which recognises a father’s contribution to the life of a child? It is Father’s Day.

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We are on the constant lookout for ways to generate wealth and secure our future financially. With this goal in mind, we invest in a variety of plans and other financial instruments. Each of these has its benefit. One such tool is the Money back plan. Let us know more about this plan

6 Minute |

Insurance and investment form an important part of planning for your future. You might be investing in the stock market to generate wealth and raise a corpus for your goals. Also, you must be having life insurance to secure these goals. What if both these features were combined into a single plan?

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Mediclaim and health insurance policies have been used interchangeably for a long time. Though both of these are concerned with hospitalisation and medical expenses, they are two very different protection plans. How? We explain -

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Health insurance is a basic necessity today. If you meet with an accident or fall sick, and have to be admitted to a hospital, health insurance is the first thing they ask about. So, what is health insurance, and why is it so important? Read on to know-

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Buying a house features amongst the goals of almost every Indian. The popular choice for financing your home is opting for a home loan. But, what if something happens to you before the entire loan is repaid? The liabilities pass down to your family. Are you willing to leave behind your family in financial stress?

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As living expenses mount and inflation hits your income, you may be starting to worry about the future. After completing all your family obligations, you wonder if you will have enough savings set aside for your retirement.

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You may have heard of Critical illness insurance plan, but did you know that you could attach critical illness benefits to your existing term plan or life insurance policy too? Critical illness benefits or critical illness rider as they are known are as important as term insurance itself.

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Life is unpredictable and hits you at the most unexpected times. Though we are always prepared with insurance covers for ourselves and our loved ones, it is not enough. You always need something more to safeguard everything dear in your life. In the case of life insurance, it is an insurance rider.

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The CoVID-19 pandemic has wreaked havoc across the financial markets, stalling all economic activities. The life insurance sector, too, has been affected, due to increased health risks and death claims. Since a disease like the CoVID-19was never accounted for in the term insurance policies

7 Minute |

When it comes to securing the future of your loved ones, life insurance is one of the most preferred options among Indians. In fact, around 328 million Indians had a life insurance policy in 2017, according to the IRDAI's Handbook on Indian Insurance Statistics.

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When we think of investments, we think of mutual funds. However, there are many other instruments out there that offer similar benefits, if not more. Money back plans are one of them. We give you five reason why you should think of investing in a money back policy-

7 Minute |

Picture a world where every Indian has access to basic banking facilities, regardless of their social or economic background. That's the vision behind the Pradhan Mantri Jan Dhan Yojana (PMJDY), a revolutionary initiative launched in 2015 to achieve financial inclusion for all.

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Did you know that 75% of Indians did not have a life insurance policy in 2017? But the good news is that things are changing. In 2018 alone, more than 28 million new life insurance policies were purchased in India, according to data provided by Statista.

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Life insurance plans cover the insurer for any eventuality. In case the need for a payout arises, you need to file a settlement claim with the insurance company. The company verifies all the details and then releases the claim settlement amount.

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For some, they are just means for getting an exemption from taxes; however, there is more to Life Insurance than that. They can be a robust tool in case of any eventuality. While being prepared beforehand is essential, having some life under your belt can make quite a difference.

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Healthcare, education, financial security and mental stability – our family gives us all. They help us survive through tough times and fulfil our dreams and responsibilities. There is a brilliant way to express our gratitude and honour our loved ones wholeheartedly.

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Financial planning is necessary to ensure peace of mind and secure your future. It involves chalking out a plan listing all your future goals and estimating the capital required for their completion. You then plan out the financial means to attain them. It may involve saving, investment, and administration of funds, among others.

5 Minute |

Sending your child for higher education abroad can do wonders for your child’s future. But most of us are confused about where to start. Also, we might have a lot of questions about it- Should you purchase a child future plan? Or rely only on your savings? How to plan for child education?

6 Minute |

Life Insurance plan is an important part of preparing for a secure financial future. Here are some things that you need to know about the types and benefits of purchasing a Life Insurance policy.

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A stressed and hectic day to day life has made us susceptible to a host of lifestyle diseases. Experts claim that one out of 4 Indians is likely to fall prey to non-communicable diseases before the age of 70. A traditional health plan might not be sufficient for such conditions, owing to the high cost of treatment and medication. Here is where a Critical Illness plan comes into the picture.

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In these times, when fitness is what everyone seems to be talking about, BMI is used a lot. But most of us lack clarity on what exactly BMI is. Let us make it easier for you.BMI or Body Mass Index is a ratio of weight and height. It can be defined as the weight in kilograms, divided by the square of the height in metres.

6 Minute |

Standalone cancer insurance plans are often considered unnecessary and are often overlooked when planning for the future. It is assumed that a Health Insurance plan is more than enough. However, this is not the case. We tell you why it is not so and other benefits of getting a standalone cancer insurance plan.

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'Compounding' is a process wherein the capital gains or the profit are reinvested to generate additional income. The growth of your investment is exponential as interest is earned from the principal as well as the additional earnings accumulated over the past period.

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There is not enough awareness about the importance of Life Insurance in the Indian masses. Hence, insurance companies are striving to draw people’s attention to it. 'Sabse Pehle Life insurance' is a step in this direction.

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Breast Cancer is the most common type of Cancer that women across all ages suffer from. Studies show that 1 out of every 38 woman dies due to breast cancer. The awareness about breast cancer in the general population has been on the rise in recent times. Read on to know more about the causes, types and symptoms of breast cancer.

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Retirement planning is taken very seriously in India. It is not only about saving, but also involves thoughtful investing to ensure returns at a time when you are unable to work and earn for yourself.Here are a few mistakes that you should avoid when chalking out your retirement plan

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With the rising illness and our hectic lifestyles, keeping yourself financially covered is imperative. A critical illness can come at any time, to anyone, and will affect you both – financially and emotionally.

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Opting for a Cancer insurance is a right step in the direction of securing your future. However, you should know that it is not as easy as getting anything off the shelf. There are many things to consider before you can arrive on the perfect plan for you.

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Parents want the best education that is available for their children. However, the skyrocketing cost of education is a cause of worry. College and school fee in India as well as abroad are increasing with every passing day. This is the reason why many parents are looking towards Child Education.

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Life Insurance has become a hot commodity especially after the passing of the Life Insurance of India Act in 1956. Life insurance secures the family’s future in case of the insurer’s demise. The fact that you are not leaving your family behind in any financial duress adds to your peace of mind. Life Insurance plans do not come with an age limit.

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Future is uncertain for everyone. You must save and build a corpus to help sail through uncertain and difficult times. This is why it is important to opt for financial planning and diversify your portfolio with various products such as fixed deposits, recurring deposits, life insurance, and mutual funds.

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The first and foremost reason to compel you to retirement planning is that the average life expectancy is rising continuously and that the best days of work will last. Best retirement plans ensure that after retirement, you don’t have to worry about your expenses. They ensure that you do not have to get back to work and curb your spending. They help you to live life at the fullest, even after retirement.

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Do you want to get insurance cover with considerable market returns? If yes, then you should give unit-linked insurance policy commonly known as ULIPs (Unit Linked Insurance Plans) a try. They are a type of goal-based solutions having the ability to provide both, protection along with investment. In this article, let’s discuss all about ULIPs (Unit Linked Insurance Plans).

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We explain what Unit Linked Insurance Plans (ULIPs) are, and how they benefit your financial outlook for the future.Your financial needs can change on a frequent basis.

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Taxes take a considerable portion of your earnings; a portion you would like to spend in a better way. One of the ways to save tax is investing in long-term investment options. The financial experts have always insisted on long-term investment. They help you generate a great corpus and act as the best tax saving investment option.

10 Minute |

Buying a health insurance plan is one of the most responsible things you could do in today’s stressful times. But it is a process fraught with some degree of risk, especially if you are not conversant with essential aspects such as –

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Retirement is an important milestone of our lives which needs to be planned carefully. A lot of things need to be considered such as your retirement age, your monthly savings, your investments, debts (if any) etc. It would also depend on the pension you would be getting after retirement, provident fund, and many more such factors.

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There is a lot of buzz around investing in Unit-Linked Investment Plans (ULIPs) nowadays. The buzz is attributed to the profits and advantages that ULIP policy provides. In simple terms, ULIPs can be defined as the combination of insurance and investment. Like all good things, ULIPs are also shrouded with myths,

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Retirement should be like taking a long vacation. It’s a phase when you can finally put your feet up and enjoy time with friends and family. You can plan long lunches, travel to see different parts of the world and pursue hobbies.

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Retirement should be like taking a long vacation. It’s a phase when you can finally put your feet up and enjoy time with friends and family. You can plan long lunches, travel to see different parts of the world and pursue hobbies.

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A tax saving investment is like a project. You need to keep a lot of things in mind. And amidst the rush of registering before 31st March, it seldom becomes possible to make the right decisions and assure satisfactory tax planning for salaried persons. However, with some precise knowledge, you can make the right decisions.

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Everyone knows that dealing with taxes requires planning and precision. Understanding the taxation system and organizing your documents accordingly can go a long way in this process. This blog post will focus on different tax savings options in India.

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Tax returns filing is that time of the year that makes you go through all your expenses you made this year and reflect on the same. Now, while filing a tax return for the first time, you can do it all by yourself just by gaining knowledge and gathering some information on the same, or by asking for professional help.

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Trying to show income below the exemption limits is not a new phenomenon in India. According to data released by Finance Minister Arun Jaitley in the 2017-18 budget, only 1.72 lakh Indians showed their income to be more than ₹50 lakhs, which didn’t match the consumption pattern in the country.

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Indians love travelling during holidays and the number of travellers has been rising in recent years. According to a report published by Google India, in partnership with Boston Consulting Group (BCG), by 2020, India’s domestic travel market is set to become a $48 billion industry.

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There are times when high living expenses and rising inflation make you rethink your expense budget. Try as you might, you cannot cut down on essential expenses, and there are investments and savings funds to create as well.

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Combining the elements of protection with savings, health insurance plans are a necessary investment in today’s world.

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Life insurance protects you and also helps you save tax. This article studies its tax saving implications.Before understanding how you can save tax on life insurance

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Are you worried that most of your savings will be ruined when it comes time to pay your income tax? Don’t worry. Under Section 80C of the Income Tax Act of 1961, certain deductions are provided to taxpayers to lower their taxes.

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The total income tax returns filed for 2017-2018 increased by 26%, with 99.49 new tax filers, says an article in The Economic Times. This substantial increase in taxpayers shows that people are becoming more responsible citizens of India.

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A lot of people have different opinions when it comes to home loan protection schemes. Some are of the opinion that home loan protection can be clubbed with existing term insurance. Some even state that schemes like these often harm the buyers more than they benefit.

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India is proud to have 53 national highways, making it a great place to plan a road trip. In fact, given the country’s geographic diversity, a road trip in India can be electrifying. It’s even more exciting when travailing along with friends or family who share a passion for adventure!

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By the time we turn 40, many of our checkboxes may already be ticked. Many are married and have kids. Most have already chosen their career paths and are well-settled in a satisfying career.

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What is the right age to buy a Term Insurance Plan?The short answer: Determining which age is the best to purchase term insurance is quite a daunting process, but it should be given utmost importance when improving the financial status of the loved one. If you are already confused about what age you should purchase a term insurance plan, read this article below to get the benefits of a term insurance plan and which age is most appropriate for buying it.

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Have you ever tried to hold a fistful of sand tightly in your hand? Notice how it slips out no matter how firmly you hold your palm closed? It is an allegory for life itself .

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Taking life insurance plans for yourself and your family members has become vital in today’s times. Life has its uncertainties; – a phase of stability today might change into a period of instability tomorrow.