Tag - ptic india

The best tax saving option is: ELSS or ULIPs?

The best tax saving option is: ELSS or ULIPs?

When we talk about tax saving investment, there is a big debate between the ELSS (Equity Linked Savings Scheme) versus ULIP (Unit Linked Insurance Scheme). Both schemes have some similarities and some differences too. For example, both schemes combine tax saving with a long-term investment perspective. Both schemes give you an access to equities and both provide you a lock-in period. However, there are some differences on the tax front, especially after the Union Budget 2018-19. Also in terms [...]

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Sub-limits in a health insurance policy and their importance

Sub-limits in a health insurance policy and their importance

Buying a health insurance may be easy but selecting a plan that meets your needs is not that easy. There are various features such as day care procedures, waiting period, co-payment, deductibles and cashless cover that form the basis on which you can compare health insurance plans. However, one of the major key deciding factors is the sub-limit. A sub-limit is an extra limit in an insurance policy’s coverage of certain losses. These losses are a part of the original [...]

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6 Things do not cover by your Health Insurance Policy

6 Things do not cover by your Health Insurance Policy

When we buy Health Insurance, sometimes it becomes difficult for us to understand the complex terms and conditions of the policy. Despite increasing awareness about sub-limits, pre-existing diseases, and other exclusions, the policies claim denial or reduced payouts continue to shock. To ensure uniformity, the IRDAI (Insurance Regulatory and Development Authority of India) has set up a committee to suggest measures to standardize exclusions. In 2012, the regulator listed 199 items, indicating their admissibility or otherwise. The recent move [...]

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Best tips to Save Money on your General Insurance Premium

Best tips to Save Money on your General Insurance Premium

When we talk about General Insurance, it’s all about the Insurance products such as Health Insurance, Motor Insurance, Travel Insurance and Personal Accident Insurance etc. The domain of Insurance coverage is divided into two categories – Life Insurance and General Insurance. Life Insurance products don’t come under General Insurance. There is a short-term period contract between the insurer and the insurance company for all General Insurance products. For which the Insurer has to pay an amount as a premium [...]

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How NRIs can invest in mutual funds in India

How NRIs can invest in mutual funds in India

Most Indians migrate abroad in search of better opportunities. Unsurprisingly, many harbor the dream of coming back one day. A majority has dependents in their home country. In such scenarios, making investments in India is inevitable. But according to Foreign Exchange Management Act, NRIs (Non-resident Indians) can invest in Indian mutual fund scheme. A mutual fund in your home country can give you a diversified portfolio with the desired mix of debt and equity securities. Even if you are risk-averse and want a [...]

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What you can do if you have missed the last date of Income Tax Return Filing

What you can do if you have missed the last date of Income Tax Return Filing

The last date of the Income Tax Return Filing was 31 August. CBDT (Central Board of Direct Tax) had extended the last date from 31 July to 31 August 2018. But if you have missed the extended date of ITR (Income Tax Return) filing, you can still file your return. However, there are some points you need to understand and consider before you file the return in this last chance. People who file their return after the due date, [...]

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WHAT ARE MUTUAL FUNDS AND NET ASSET VALUE?

WHAT ARE MUTUAL FUNDS AND NET ASSET VALUE?

When considering investments, people often are skeptical about Mutual Funds simply because they feel it is complicated to understand and manage. Keeping aside the jargon when simply put, it is a pool of funds put together by like-minded investors. And whatever the sum of their contributions are managed by professional fund managers, who keep up with the markets and use their skills to invest in various financial instruments. Now, these investors have a common financial goal. On the basis of their [...]

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SIP flows may face a hiccup or two

SIP flows may face a hiccup or two

According to the report of UBS, the bulging SIP book, which expected to provide sustainable long-term domestic funds flow, may not be as sticky as widely believed. The moderation in the SIP flows may have huge repercussions for valuation of small and midcap stocks. The survey by UBS shows that investors are open to stopping fresh investments. And even redeeming SIPs due to various catalysts and the ‘sticky’ trend so far in SIPs may be vulnerable in case of [...]

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Understand traditional and non-traditional Life Insurance investment plans

Understand traditional and non-traditional Life Insurance investment plans

Before starting investment, a smart investor needs to understand the pros and cons of the plan. Traditional & Non-traditional Life Insurance Plans come with their pros and cons. Traditional policies are a low-risk investment product. These policies mostly invested in bonds. In the Traditional plan, customers get a guarantee (Partial or complete) on the cash flow, they receive over the time-period of the policy. Traditional insurance policies are of two types — participating and non-participating. Participating policies: A participating policy enables you [...]

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Know your duties as a policyholder, while you buy an Insurance Policy

Know your duties as a policyholder, while you buy an Insurance Policy

An insurance cover is often not as simple as it sounds. With the growth of the internet, there is a variety of insurance coverage available to compare in the market. They offer different types of offers and discounts. And because of these lucrative offers sometimes we miss out some of the important aspects of what we are buying. The Insurance Regulatory and Development Authority ( IRDA) has also laid down some attributes of a smart policyholder. At the time of buying [...]

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