What is Term Insurance? In this policy, there are no maturity benefits. In simple words, you will not get anything back at the end of the policy. But if you die during the term of the...
In ULIP, the insurance company is investing your premium in a mix of equity & debt instruments as per your mandate. ULIP policy can give better returns compared to other types of policies discussed above....
IRDAI has made lots of changes in the pension sector in the last 2 decades. But it is still not an attractive product for the investors. What has changed in these policies in the last...
In children policies, the insurance company will waive the future premium in case of death of the proposer. The child will get all the benefits as planned! This is the sales pitch by insurance companies....
In money back policy, you will be getting certain percentage of the sum assured at different intervals. A typical 20-year money back policy will give you 20% after 5 years, 20% after 10 years, 20%...
What happens, if you want to exit from endowment policy? Let’s see what happens if you want to get out of the endowment policy after purchasing this. It is called Surrender. If you have decided...
Life insurance companies always innovate and come out with policies with maturity benefits along with a death benefit. Let’s understand endowment policy with an example: If you are aged 35 and purchasing a 20 year...
In this article we will be continuing our discussion on a few good practices when investing in Mutual Funds. Avoid Excess Speculation This is perhaps the most important lesson I have learnt when investing in...
In the previous article we covered a few important terms you should be aware of. Now let us take a look at a few important decisions you will need to make while investing in Mutual...
Previously we had covered the types of Mutual Funds, now let us take a look at some important terms you will come across when investing in Mutual Funds. Assets Under Management (AUM) Assets under management...
Recently, one of my young friends died due to cancer. Arun was just 35 and was working for a software company in Bangalore. He is survived by his homemaker wife Aarthy aged 30 and 2...
In the previous article we looked at what are Mutual Funds and whom they are suitable for. In this section we will focus on the various types of Mutual Funds which can be categorised as...
