Fixed deposits (FDs) are fixed-interest-rate, time-bound monies canvassed for and accepted by banks from the retail customer. Banks accept both short and long-term fixed deposits. FDs are the most popular investment vehicle for retail investors in India because investors find banks very convenient to deal with. These deposits are perceived to be highly safe and [...]
Make your retired/old age comfortable and honorable Earn your own Pension upto Rs. 2 lakhs per month You and your wife can invest Rs. 1000/- each and both of you are likely to get Rs. 1 crore each, i.e. total Rs 2 crore. Create wealth through Systematic Investment Plans (SIP) of top-ranking Diversified Equity Mutual [...]
Retirement for ordinary people is a phenomenon of modern, industrialized society. Things have changed. Today, about a millions of people retire each year. Retirement is the goal that most workers and small business owners look forward to as an appropriate conclusion to their careers. People retiring today are finding a different experience than those who [...]
Consistent growth in India’s economy has led to a boom in incomes of the middle class families and investors. Rapid urbanization of smaller towns has resulted in a sharp growth of the real estate industry. Traditionally it has been the most preferred investment option. Now, it is the investment option beyond compare.The appeal of this [...]
Once the decision to purchase life insurance has been made, then you need to determine the amount of insurance required to secure your family’s financial needs and risks. An average Indian insures herself or himself for Rs. 100,000 to Rs. 200,000. Now, ask yourself a simple question. In fact, even if you do not belong [...]
The basic premium rate offered by an insurance company is not negotiable. However, life insurance cost could be lowered if you: Select a term plan that offers you no money in case you survive the term of the policy. This is the purest form of life insurance. It provides your family with viable income but [...]
Maturity benefits, also called Survival benefits depend totally on the type of life insurance policy purchased. Term Plans: The insured will receive no benefits on surviving the term of the policy. Return of Premium Term Plans: The insured receives the value of the premiums paid for the entire term of the policy. Whole Life Plans: [...]
Once the decision to purchase life insurance has been made, then you need to determine the amount of insurance required to secure your family’s financial needs and risks. An average Indian insures herself or himself for Rs. 100,000 to Rs. 200,000. Now, ask yourself a simple question. In fact, even if you do not belong [...]
Imagine you are the breadwinner in your family and suddenly you were to be taken away from them. Your income flow to the family will freeze. Would your savings be sufficient to take care of your family’s needs from then on? Life insurance is a tool that can reduce that risk. It replaces your income [...]
The cost of buying a life insurance policy depends on: Your age, gender, health, occupation and hobbies The type of policy you select The sum assured i.e. amount you choose to insure yourself for The term i.e. number of years you propose to remain insured The premium paying term i.e. number of years you choose [...]
