Millions of people have invested in LIC as an investment here is remotely safe as it is governed by the government. Also, investing in LIC (LIC Policy) gives many benefits to customers in the future.
You can try them at any age and, if you’re lucky, you can start your retirement early.
Shore up your finances with an emergency fund and insurance, save every month, invest to create wealth, and borrow with great care
The beauty of investing in a child insurance plan is that it continues even after the demise of the policyholder
Life insurance is an important investment simply because it helps secure your family’s well-being should you one day not be around
Healthcare in India is at the crossroads with the government rolling out the biggest publicly funded healthcare plan in the world and clamping down on prices of medical devices, even as global investments are pouring into tertiary care Quite often, people travel abroad for jobs or business and plan to reside there for a couple of years.
Planning for early retirement is not just about building a large corpus but it is also about making sure the corpus lasts longer
Ensure that both parents are fully aware of all their financial holdings. You may also want to talk to them about writing a will
A professional investment adviser will have the expertise to make it a simple and fruitful process for you
RETIREMENT PLANNING: Long-term interest rate fluctuations, increasing lifespans are challenges for financial security, post retirement
The primary objective of a life insurance policy is to provide financial cover in the eventuality of a mishap and to provide a consistent flow of income in the absence of the breadwinner. If human life is lost or a person is disabled permanently or temporarily, there is, of course, a personal loss as well as a loss of income to the household.
Salaried employees have several avenues to save tax. But self-employed persons do not have options like standard deduction, employee provident fund, deduction for house rent allowance, etc. However, there are some tax benefits/investment avenues available to self-employed as well.
Fancy cars, lavish homes and exotic tastes! This is typically the lifestyle we associate with the super rich. Behind all their extravagant choices, there lies distinct penny pinching habits, which are the reasons for their vast fortunes.
If your car had no brakes, most of you would prefer not to risk driving it. Brakes are those safety nets that allow us to peacefully go about our business without being overly worried about what would happen to our financial commitments (which we would have ordinarily honoured in our life time) to our dependents, if we were to pass away unexpectedly.
It is commonly believed that the start of the financial year is the correct time to start tax planning. However, it is the March quarter when most salaried individuals undertake the process. An activity that requires great thought is unfortunately carried out in a hurried manner. Most people invest in tax-saving products without evaluating their features and understanding their benefits.
Buying insurance is crucial for protecting your prized assets from any financial loss. Since insurance is essentially a contract between the policyholder and the insurance company, buyers must do the due diligence of the insurer, not just the product.
At the risk of contradicting popular belief, I truly think that life is not a series of accidents waiting to happen. Life is full of certainties - the certainty of marriage, having a child, educating the child, retiring, etc. Instead of worrying about things that most likely won’t happen, it’s important to focus on life events that certainly ‘will’.
Buying life insurance policy has become imperative for people today. Almost everyone around us is opting to buy life insurance plan to ensure their family is safeguarded against any unforeseen financial problem, when they no longer would be around to cater to their loved ones’ needs.