As we move ahead in life, we first understand that being healthy is our first need and people say that health is wealth, somewhere people have felt it before, and life has been given a chance to live. A healthy body can do something better, but people play with their health in today’s time. Today’s … Read more
The much awaited Insurance Law (Amendment) Bill finally got the Parliamentary nod last week. The bill was originally brought by the Congress-led UPA II government in 2008. But it had been pending in the Rajya Sabha since then due to stiff repulsion from the BJP, arguing the Bill could expose the economy to global vulnerability. … Read more
I wonder if one should at all worry about their post-retirement life, because retirement is not something that is going to make your life vacuum. There are excellent pension plans available for you to choose and from there you can get going with a confidence about your future. Pension plans are intended to give complete … Read more
ULIP (Unit Linked Insurance Plan) is a market-linked insurance product that provides a combination of investment and life cover. With an investment option, you have the flexibility to invest with a number of ULIP funds to maximize your investments. With the life cover, the insurance company pays a sum assured to the nominee, in the … Read more
National Savings Certificate (NSC) is a popular government backed post office saving scheme. This investment scheme aims to encourage people to inculcate the habit of saving and to channelize these savings towards nation building. Investing in NSC offers you safety for the money invested along with attractive interest rate, which ensures returns on your investment. … Read more
A Systematic Investment Plan (SIP) is the best for those who want to multiply their wealth efficiently. In simple terms, a SIP refers to a plan in which you invest a fixed amount of money into a mutual fund scheme at fixed intervals, for a specific duration of time. In this type of investment, you … Read more
Pre you worried about future financial problems plaguing your family? If yes, then you are not alone. Like you, millions of other breadwinners in India are consistently worried about the uncertainties that misfortune events may fling in the face of your loved ones – especially if you are not around to help them find their … Read more
Fixed deposit is a financial instrument offered by banks or NBFCs, which allows investors to earn higher interest rates than a savings account. It is one of the most-popular investment options, as it offers the safety of your investments along with guaranteed returns. The tenure of Fixed deposits (FDs) may vary from 7 days to … Read more
At the height of the second wave of the Covid-19 pandemic, as of May 2021, insurers had received 1.48 million claims in the region of Rs 22,931 crores. Of these, nearly 1.3 million were settled. By the July-September quarter, insurers witnessed a fall in the outgo of Covid-related claims. This period saw a settlement number … Read more
Suma Rajendran (name changed) is a 52-year-old school principal who has an existing health insurance policy that she has held over the last four years. The sum insured is Rs 2.5 lakhs, and this policy has a cumulative bonus of Rs 50,000. She felt it was more beneficial to port this policy to a fresh … Read more