Tag - ptic

8 STEPS TO FOLLOW WHILE RETIREMENT PLANNING

8 STEPS TO FOLLOW WHILE RETIREMENT PLANNING

The idea of retirement has changed drastically over a period of 50 years and there has been a lot of advancement ever since. It is more likely to be seen that we are living longer and retiring early. Over the years, it is seen that few of us receive pensions and we are progressively responsible for our own incomes [...]

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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 [...]

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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 [...]

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Understand traditional and non-traditional Life Insurance investment plans

Understand traditional and non-traditional Life Insurance investment plans

Traditional insurance policies are of two types — participating and non-participating. Participating policies: Before starting investment, a smart investor needs to understand the pros and cons of the plan therefore 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 [...]

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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 [...]

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Mutual Fund investment planning through your post retirement income

Mutual Fund investment planning through your post retirement income

In India, old age, retirement, and pension are terms that are used almost interchangeably. Hence, it should not come as a surprise that for retirement planning, the conveniently named pension plans offered by insurance companies are hot favorites. In fact, most retirement planners choose these products simply on the basis of their limited understanding of how these products work. [...]

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7 Reasons ELSS are Better Than Other Tax Saving Investments

7 Reasons ELSS are Better Than Other Tax Saving Investments

The introduction or rather reintroduction of long-term capital gains taxes on equity mutual funds including ELSS(equity-linked savings schemes) has made some novice investors a bit jittery. A lot has already been written and said about long-term equity gains taxes on equity schemes. In short, considering the potentially high returns, Rs. 1 lakh annual gains taxation threshold. And the grandfathering of [...]

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6 steps towards your financial freedom

6 steps towards your financial freedom

Our 72nd Independence Day is now behind us! It has been nearly three-quarters of a century since our country has been free from the British Empire. We are free to live our lives the way we want to, within the confines of legal jurisdictions, of course. We can make our own decisions and choose our own paths. We are [...]

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This Independence Day take a step towards your financial freedom

This Independence Day take a step towards your financial freedom

For parents, there was a time when grown-ups and working sons were synonymous with both financial freedom and security. But with changing times and new social structures, that concept of financial security has become almost non-existent, at least in most of urban India. Other than raising their children, parents themselves have to think about their post-retirement financial security. And with [...]

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How you can stop your investment from slipping into insurance unclaimed funds

How you can stop your investment from slipping into insurance unclaimed funds

Recently, PTI reported that as much as Rs 15,167 crore of policyholders' money was lying unclaimed with 23 life insurers as on March 31, 2018. Out of this, Life Insurance Corporation (LIC) has Rs 10,509 crore as unclaimed funds, while the remaining Rs 4,657.45 crore is with the 22 private sector insurers. Key reasons for rising unclaimed amount with these [...]

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