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Buying life insurance has never been easier. These days life insurance is a click or phone call away. Lots of money being pumped into advertizemet is also making the awareness go up. Today we are looking into the common mistakes a first time life insurance buyers typically make. Common mistakes First time Insurance Buyers make They do not know their
Thinking of buying Gold this Akshay Tritiya? Read this before you do… Akshaya Tritiya, also known as Akha Teej is being celebrated this year on 21-APR-2015. IT is considered a very auspicious day amongst Hindus and people start new ventures on this day. Since it is considered that any investment you start on this day would continue to grow many
One common question that comes to mind of income tax payees is what are the scheme that allow investing on their dependents name. This blog aims to summarize that for you. While you can invest on your dependents name not all schemes will be eligible for income tax exemption. Please go through the following table. Is investment made on dependent’s
The new 2014 Kisan Vikas Patra Union finance minister Mr. Arun Jaitley on 18 November relaunched Kisan Vikas Patra (KVP), a scheme which was discontinued few years ago in 2011. Finance minister had promised to launch it during his budget speech earlier this year. In the budget speech he had outlined launch of KVP and the rational behind it. This
Cost of delay in Retirement Planning The question is not that “Do You need a retirement plan?” the question is “When are you starting to invest in a retirement plan?” We all retire someday no matter what the profession, even business owners retire someday. To have a peaceful retirement one needs to start as early as possible. You need time
ABC of SIP Mutual Fund Investing A : Act early Give your money time to grow. See the example below it is self-explanatory. if your goal is to Save around 14 Lakh rupees for a goal which is 30 years ago. Let’s assume the rate of return is constant 12% per annum compounding. Here is what will happen if
The Times of India today reported a story titled Flats booked but no land in NOIDA. The managing director was arrested but in his defense he says he started selling it since he had made advance towards purchase of the land. The police in the investigations found no proof for advance made towards land purchase while the builder had collected
Buying-a-Term-insurance-Plan-is-just-half-the-job – Half Baked Financial Plan So what do you find missing in the picture above. Moustache and shirt are half of what it should have been. Similar is the condition of financial plan of most of the people I meet. It is unfortunate to see that their death is necessary for the plan to succeed. With enough focus on
Invest up to Rs. 2.35 lakh and save income tax u/s 80C and 80D Section 80C (up-to Rs. 150000/-) Life Insurance Corporation of India (LIC of India) Life insurance premiums are exempt under section 80C All maturity returns are also tax free. We offer all LIC of India policies Equity Linked Savings Scheme (ELSS) Investments in ELSS mutual funds are
All you wanted to know about KBC scam Last year in 2013 Saradha scam rocked the parliament. This year another Ponzi scheme known as the KBC scam has been raised by the BJP MP Mr. Kirit Somaiya during the zero hour on 17-July-2014. The allegation was that a company called KBC Multi Trade Pvt. Ltd. / KBC Club and Resort
What is Inflation? Wikipedia Defines Inflation as: In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. This post attempts to define inflation rates in simple words and provides you on tips to compute future value of a good or service. What is inflation in very simple words? Inflation in very simple
Internal Rate of Return (IRR) on Life Insurance Corporation of India (LIC of India) Policies LIC of India is one of the favorite investment destination for Indians. Each year LIC collects more money into its endowment plans compared to all other insurance players in the market. The popularity of LIC of India’s plans are such that LIC collects most
Watch the story of the Ant and the Grasshopper and learn about Systematic Investment Plans (SIP). Copyright: ICICI Prudential Mutual Fund
Few days back I met a client in early 50s. He had heavy investments in fixed deposit [FD] and recurring deposits [RD] with banks. He was proud to tell me that he has a risk free and guaranteed return of 8-9%. When I ask them about tax implication he told me taxes are very less it is 10% for the
See how you can take care of your retirement and child plans in simple steps. Call to get one for you now! To know more about Financial Plan click on this link : http://goo.gl/ClHKWx BLOG on Financial Planning: http://goo.gl/DygQZM Financial planning is not for crorepatis any more. A person earning Rs 10 thousand per month needs a financial plan as