Most investors today use life insurance products as a tool for saving income tax. The investor or the policyholder enjoys income tax benefits on the premiums paid as well as on the maturity proceeds under...
“Health is Wealth” is one of the famous phrases, which most of us have heard of. These days, people lose their health to earn wealth and then lose their wealth to regain the lost health....
Healthcare plans offer great protection against the ever-increasing medical costs. Individuals often opt for a health plan as it covers expenses arising from an illness, accident or emergency. A plan provides the necessary comfort as...
Post-retirement stress? After retirement, it’s a completely different phase of life. It feels difficult to come to terms with this new chapter of life. You’ve been working since 30-40 years and suddenly your professional career...
What is a Savings Account? A savings account is held by the customer in a bank, where he parks, certain amount and gains in return a modest interest from the bank. The savings bank account is...
Pension plans offer financial security to people after their retirement. These plans allow retirees to continue living with dignity without compromising on their standard of living. Seniors may ensure they are not a burden on...
Buying a new car is a great experience, especially for first-time buyers. However, the skyrocketing prices of new cars are enough to leave many of us disappointed. Buying a new car may not suit everyone’s...
In today’s world, we all look for investment options that give us quick and easy returns. Young investors generally prefer to invest in mutual funds, equity funds or real estate as they advertise higher returns....
The number of start-ups in India is rising enormously. However, the biggest problem faced by every entrepreneur is lack of funds. If you have an excellent business idea but lack of funds is hindering your...
The national pension system (NPS) is a contribution retirement plan to encourage more individuals to attain financial freedom during their senior years. When the scheme was first launched, it was available only for Indian residents....
It is a contract between two traders mutually agreeing to exchange currency at a fixed price in the future. ‘Derivatives’ means it derives value from underling value and also that it doesn’t have any independent...
After Union Finance Minister, Arun Jaitley announced the budget for 2016, roughly 8.5 crore employees, whose retirement funds are managed by the Employee Provident Fund Organization (EPFO) will have another option. They would be able...
