Life is uncertain. Death is certain. There are family members dependent on you. Your death can make them vulnerable if they are not financially secure. You have still not achieved the level of savings required for a comfortable lifestyle after retirement. In these circumstances, Life insurance is the only investment that can rescue your family from financial distress. There is a famous quote that aptly … Continue reading Why Shouldn’t You Escape From Life Insurance?
Once I was with my client at a coffee shop in the 5-star hotel. I was asked about my coffee choice. Out of the multiple options , I was not sure what to order so I left it to the client. I thought when we had only two options of coffee i.e. filter coffee, and Nescafe life was easier. With the arrival of Starbucks and … Continue reading A Short Post on Personal Finance for Quick Understanding
“Failing to plan is planning to fail.” Alan Lakein Yes, failing to plan the risk management puts you and your family at high financial risk. Risk Management is usually not considered a part of Financial Planning. It is a big mistake. Risk Management is not about the risk of investing in risky investments. It is about managing risks of untoward events in the life of any … Continue reading High Financial Risks You Need to Know for Your Family
Buying their own home is a dream for most of the people on earth. Out of the three basic necessities Food, Clothing and Shelter (Roti, Kapada Aur Makaan as we knew it), fortunately, two can be bought without a loan. But buying a home without a loan is another dream. With so many home finance companies and banks offering home loans, most of the new homes in India are bought with the help … Continue reading How to Double Your Joy When You Buy A New Home?
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” Jimmy Dean You can’t change the life events happening to you but you can change the life insurance appropriate with the life events. The investments in the Life Insurance Policies are not a one-time event. Your need for life insurance cover changes every few years. If you ignore … Continue reading Why Should You Periodically Review Your Life Insurance?
Among all the planning you do Financial Planning is perhaps the most important but mostly ignored planning exercise. Financial Planning requires you to consider planning about your life. It entails considering budgeting, savings, investments, taxes, insurance, retirements, and important life stage planning like children education, marriages, etc. It is an exhaustive process. But it is also an interesting process. It makes you think through the … Continue reading You Need to Know 4 Aspects of Personal Financial Planning
There are 100 reasons why you should exercise. There are 50 reasons you should save money. How many reasons are there to invest in a life insurance policy? “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” Woody Allen: People have many reasons for what they do. Everyone has their own reason for their own action. … Continue reading 21 Reasons Why People Buy Life Insurance
Do you know who is the nominees of your life insurance policies? Do you know the nominee of the properties you own? Appointing a nominee for all your assets is important. A property or investments without a nominee can entangle your near and dear ones in a legal battle. Therefore, the act of nomination is your very important responsibility. Read on to know more about … Continue reading Everything You Need to know about Nomination of Your Life Insurance Policy
Life insurance is considered one of the most important financial planning instrument. Yet there are many questions and ignorance about life insurance. As a young graduate, you are entering the workplace for the first time. Your income is much for your family. There are members of your family who are dependent on your income. There will be new members in your family who all will … Continue reading Basics of Life insurance You Need to Know
ULIPs are popular among investors. It serves the dual purpose of insurance and wealth building. This is the reason all insurance companies have their own ULIPs to cater to different investors need. This is why IRDA has in the recent past has amended the ULIP rules. But so many ULIPs are the cause of concerns for the investors to choose the best ULIPs. “A market … Continue reading 8 Key Elements You Need to Know to Select Best ULIP