Financial Planning

Crucial Factors affecting financial planning in India

Do you wish to live life king-sized, and nonetheless plan for your retirement, your son’s higher education abroad or your daughterís marriage?Do you got to run to your Auditor or Tax consultant at the drop of a hat, or does one need to avoid this by being proactive? Relax, it’s not as daunting as it might sound, and if a personalized financial plan is done right and early, you’d be stunned by how much control it offers you over [...]


When Should You Review Your Life Insurance Policy?

Buying life insurance gives you peace of mind. Knowing that your family will be financially protected if something unfortunate happened to you. But your policy isn’t a “set it and forget it” product. It’s not something you are thinking about on a regular basis, so it can be easy to forget. Out of sight, out of mind, right? After purchasing a life insurance policy, it should be reviewed every few years and especially after any major life-changing events. Just as [...]


Planning your investment with Tax benefit in mind

Saving on taxes appeals to every working individual. It puts more cash in your pocket to spend or save however you see fit. For most people, tax-saving investments tend to happen arbitrarily, and more often than not, at the last minute. However, if you give your little time to plan your investments, except saving taxes. These planned investments help you to get your overall financial goals as well. There is no good or bad tax advantage in investments. This choice totally [...]


How to choose the best Term Insurance Plan in India

Life is full of uncertain events which come all of a sudden. In such uncertainties, a life insurance or Term Insurance plan can act as a cushion for your family’s financial security. Such a plan will act as the income replacement for your family members. However, when it comes to making the final decision of purchasing a term plan; Most of the people often confused about what amount of life cover to opt? Which Insurer to choose? and what plans [...]


Best Investment Options for Girl Child in India

Every parent wants to provide a secure financial future for their child. For this, they have one option of investing in different investment options available in the market. This will help the child get the best education and choose the best career option. And the second option is to plan for unexpected emergencies and unforeseen expenditures in their child’s life. Providing a secure future for the girl child is a responsibility of every parent. It is the best gift [...]


All about New Fund Offer & why to invest in NFOs?

NFO or New Fund Offer is the initial period in the launch of a mutual fund scheme. An NFO period can run from a few days to a few weeks. Applying for mutual fund units during this period will get you units at the NFO price (usually Rs 10 or Rs 100). You will also be invested in the mutual fund from day one. An open-ended fund will officially be launched after the NFO ends. Investors can enter the fund [...]


How to save tax on health insurance premium

The initial phase of financial planning is to ensure that one has satisfactory medical coverage. Every individual must get sufficient health insurance coverage for self and family even before starting to save for his objectives. In addition, the premium paid for Health Insurance coverage likewise gives a tax benefit. It will decrease your taxable salary and along these lines your tax liability. Here are four things to consider about how to save tax on Health Insurance Premium for Fiscal Year [...]


Types of investments in India and Why Investing is Important & Where to Invest?

Why investments?  In today’s world, just earning money is not enough. To earn the money, you work hard 9-10 hours/day. But this money is may not enough to live a comfortable lifestyle and fulfill your dreams. So you need to make your money work hard for you as well. That’s why investing is important. You should invest that money smartly in Mutual Fund schemes and NPS to get good returns out of it. Types of Investment options in India In India, there [...]


Everything you need to know about Insurance Nominee

Having an insurance policy for our loved ones is important for ensuring a better future. In case of if anything unfortunate happens with you, the dear ones receive the amount from the insurer. Here the ‘Dear one’ known as the nominee of the policyholder. In order to keep the claim process hassle-free, you need to fill the nomination column carefully. Here is everything you need to know about Insurance Nominee. It will help you realize the importance that why [...]


Buying student travel insurance in India is more cost-effective

If you are a student, want to study abroad and looking forward to a great career ahead. Then you are in the right place. Securing admission in abroad isn’t simple, nor is it simply getting ready for it. As the travel dates come near, one thing you have to plan for is the vulnerabilities related to travel and life abroad. We will tell you some important facts about buying student travel insurance in India is more cost-effective. Protect your Health: This [...]