You must have heard of the famous saying by Oscar Wilde "When I Was Young I Thought That Money Was The Most Important Thing In Life, Now That I Am Old I Know It Is". Doesn’t this imply that you should start young in order to understand finance and set your financial goals in life?. "If There Were No Clouds None Would Enjoy Sunshine". However difficult it might be it is very important to t...
Everything you want is a Click Away... Remember those Pop Ups asking us to purchase an insurance policy online... We Are The Best Financial Products Available Online And We Know How To Serve You Best ... Protection Of Your Loved Ones Just A Click Away… Remember that Dream house you wanted to Purchase? We have heard the phrase" Knock And The Door Will Be Opened " Doesn’t purchase of ...
Tax….Tax…. Tax…How many times we hear people complaining about this … Every time I go shopping I do not have any money to spend …all of it goes to pay Tax. It is that time of the year when we taxpayers have to think of the various tax saving instruments necessary for us to save tax. Here in order to study Tax Planning one can look up the website IndianMoney.co...
We all are burdened by the vagaries of life. Loans simply add to it. Cheer up! Remember the less you have the more there is to get, credit cards are like mosquito’s …you can keep them away for a while but sooner or later they will come back to suck your blood. Here the main factor a person needs to consider is Do I really need a loan. We notice nowadays that people take loans jus...
Direct Taxes 5% surcharge on domestic companies whose income exceeds Rs 1 crore 10 % surcharge on domestic companies whose income exceeds Rs 10 crores Surcharge on Dividend Distribution Tax (DDT) increased from 5 % to 10% Securities Transaction Tax (STT) rates cut on equity futures to 0.01% and for Mutual Funds to 0.001 % Commodities transaction tax (CTT) levied on non-agriculture comm...
Insurance Intermediaries Insurance is a complex product representing a promise to compensate the insured or third party according to specified terms and conditions in the event of the occurrence of a covered contingency. In most insurance transactions there is usually an intermediary - an insurance agent (individual or corporate) or an insurance broker. Insurance intermediaries serve as a ...
Kinds of Life Insurance Policies : Term Insurance You can choose to have protection for a set period of time with Term Insurance. In the event of death or Total and Permanent Disability (if the benefit is offered), your dependants will be paid a benefit. In Term Insurance, no benefit is normally payable if the life assured survives the term. Whole Life Insurance: With whole life insur...
Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household. Though human life cannot be valued, a monetary sum could be...
Formalities for a death claim When a person with a life insurance policy – called a life assured – dies, a claim intimation should be sent to the insurance company as early as possible. The assignee or nominee under the policy can do this. So can any close relative or the agent who handles the policy. The claim intimation should contain information like the date, place and cause of ...
The Child Education Policy is a life Insurance product specifically designed as a savings tool to provide an amount of money when child reaches the age for entry into college (18 years and above). The funds can be used to pay for your child's higher educational expenditure. Under this policy, the child is the life secured, while the parent/legal guardian is the policy owner. If one can opt for a...
The process of identification, analysis and either acceptance or mitigation of uncertainty in investment decision-making. Essentially, risk management occurs anytime an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given their investment objectives and risk tolerance. Inadequate risk manage...
The Children Plan is a life Insurance product specifically designed as a savings tool to provide an amount of money when child reaches the age for entry into college (18 years and above). The funds can be used to pay for your child's higher educational expenditure. Under this policy, the child is the life secured, while the parent/legal guardian is the policy owner. If one can opt for a pay or b...
Investing on our kids can be considered as an emotional long term investment and there is no other investment which is as important as investing on a kid is for any parent. We always dream of making our kids doctors, engineers, MBA’s, Civil Service Officers and many more right from the day one of their birth. In the process of realizing our dreams we spend a huge sum of our earning or savi...
In the Present Scenario planning is a necessity for everyone. Many think planning is required for only big plans or it is a tool for corporate, but Planning is required for Individuals also, to plan their finances at every stage of their life. Financial planning is nothing but the process of meeting life goals through a proper planning and management of finances. It helps an individual as well a...
It is very important to be realistic in our Money World. Realistic means looking at your Money situation as it is. Generally we don’t tend to look at Money as it is. We take a vague impression and most of the issue is on mind. For e.g.: we need to pay our debts. We know it but we don’t look closely into how much we need to pay. We keep saying that I spend too much but too much does n...
Planning for a secure financial future is not easy task. Yet every individual are in charge of their own financial futures. Most are aware that Investing is critical. Investing is an exercise aimed to ensure availability of right amount of money at the right time to meet one’s financial goals. Before planning for investments it is very important to know the general meaning of investment. W...
There is no doubt the recession is the worst time man has ever faced. It started slowly in the United States and within no time engulfed the whole globe in its clutches and has affected each and every individual be it an American citizen, Indian or British, no one has been spared. There were many things from Indian system which were very less affected by the recession one of them was the Indian ...
Tough times can never be avoided. It is said that tough times don't last, but tough people do. Financial market is a mixture of tough and good times. Even those who are experts in the financial world will face tough times. Financial planning will help us in reducing the depth of loss and to convert the loss into profit. In this scenario, it is important we should not get carried away by the grou...
There are a number of investment avenues in the market for you to choose from. You can prefer the scheme according to your income, risk taking capacity, investment tenure, etc. Age is an important factor in determining the investment that suits you because generally income and responsibilities will change along with age. There are more than 1000 products in the country including Fixed Deposits, ...
Financial Planning offers a coordinated and comprehensive approach in helping you to achieve your personal and reasonable financial goals. Building, managing and preserving wealth is a very important aspect of life. But it is not an easy task. Maybe you have recently retired and are concerned about outliving your Savings. Maybe you are a baby boomer trying to plan for a secure Retirement. Maybe y...
