Popular Articles – Long Term Savings

So, if you are still thinking whether you should buy a life insurance, we list 3 compelling reasons for you to invest in life insurance....

Move over material gifts, here are 5 pieces of crucial financial advice you can gift your sibling this Bhai Dooj:...

Most experts still recommend investing in a PPF account as an important component of financial planning as it is one of the safest savings plan options. Here are 5 lesser known facts you need to know about a public provident fund, if you plan...

7 Financial Planning Lessons for Newly Weds...

We bring you 9 crucial financial lessons that you must start teaching your kids:...

“A few years ago I would completely run out of cash by the 20th of a month, with barely enough cash to buy me rice and curd which I made do for food two times a day. Savings plan was the last of my priorities, heck it wasn’t even on the ...

It’s cheaper to buy life insurance when you’re young. If you’re the one responsible for contributing to your retirement fund or have six months of expenses stashed away in your savings account, it might be worth looking into your insurance plan o...

Life Insurance Calculators help zero in on the most viable insurance policy, depending on how accurate your predictions of the future needs of your family are. By taking expert advice and economic variables into account, this tool could effec...

Apart from the tax return benefits, a life insurance helps an individual plan for the unexpected future events in their lives. Be it endowment or market linked ULIP, these options grant tax benefits on the premiums paid by the policy owners....

Insurance companies offer a ‘1 crore term plan’, which essentially pays out Rs. 1 crore to your beneficiary in the event of your demise. This kind of term plan for a family is quickly gaining popularity, since it offers the policyholder a sizeable...

Life insurance premium: A Tax-Saving Mechanism

One of the significant benefits of life insurance is the tax benefit on the premium paid each year, in addition to the tax exemption on the maturity amount paid out to the beneficiaries.. W...

The cost of a Life Insurance Policy depends on the amount to which you would want your life insured, which depends on how much your family depends on your contribution to the sum total of your family income. To this extent, getting the right ...

Insurance related issues? Chat with a Bot!...

Following are the tax exclusions availed by a life insurance investor: ...

There are various types of life insurance policies available in India: Term Insurance, Endowment Plans, Money back Policy, Unit Linked Insurance Plan and Whole Life Policy. Each life insurance is designed keeping in mind the phase in one...

Cutting down on expenses is quite a difficult task as it brings with it a need for many lifestyle changes and extensive financial planning. One such cost that takes up a considerable chunk of your monthly budget is your fuel. You might not re...

Hence, it is normal for freelancers to get nervous about filing their taxes. Because of lack of knowledge, they also miss out on a number of ways that they can use to save taxes. There are expenses related to work that freelancers can claim t...

In any case, life insurance coverage is a must. You never know with life and all things considered, your family’s well-being comes in question. So what’s the perfect sum for a life insurance? Here, the life insurance quote comes to your rescue! To...

Stage 1: Track Your Spending Habits & Set Saving Goals. This is your entry into adulthood. You  have just started working and possibly received your first ever paycheck. It is important not to get too dizzy with the excitement of being f...

What is Immunity?...

For tax payers below the age of 60 include women:...

Why you need a rainy-day fund:

As mentioned, expenses don’t always arrive with prior notice. Sometimes you just have to be ready for gigantic expenses you did not envisage, or enormous costs that emanate from unfortunate situations such ...

1. Compare and buy - When you buy a term insurance plan online, you get the option to compare different policies and buy the one that suits your needs the most. You can check out all the policies at your leisure, from the comfor...

What Are Some Types of ULIP Charges?

Unit Linked Insurance plans (ULIP) are considered as an excellent way to benefit from market upswing while also being protected with a life. While investing in a unit linked insurance plan, it is bene...

But first, let’s start with understanding what insurance is, in simple terms:...

The importance of saving money lies in the fact that the future is unpredictable. We might have an urgent need for funds one day and that is when we can draw into our stash of savings. The other key reason we are drawn to saving plans is to provid...

A report published by IndiaSpend in January 2019 provided a discouraging answer. It revealed that up to 988 million Indians, around 75% of the country’s population, do not have any form of life insurance ^[1] The study was base...

Should single people buy life insurance?...

Buying a whole life insurance plan is an important financial decision that one needs to make during their adult life. It becomes imperative that you invest in life insurance especially if you are the sole earner in your family. This becomes a fina...

Life insurance: Vital, not just tax-saving

Life is extremely stressful for everyone today. Even youngsters are under tremendous pressure to excel at school, while adults are caught up in a perpetual race for success. In the midst of this...

Disclaimer:.

Here are some of the key tax deductions that can benefit him:...

Even though monsoon is slow and intermittent this year, the impact in terms of waterlogging and traffic jams is already palpable. The onset of monsoon also implies the advent of diseases and ailments like diarrhea, dengue, viral fever, typhoid fev...

You might be tempted to invest in a traditional life insurance policy for the long term too. They certainly help in building a corpus when it is needed. However, if funds are needed before the maturity of the insurance policy, it is of n...

How smoking affects life insurance premium

Smoking is such a toxic habit. And not just for the smoker or the people around, it can be toxic for your life insurance premium too. “How?” you ask?...

So, here’s a look at the tax-related announcements that are expected from the budget 2017:...

Disclaimer:. ...

Term Insurance Plans

These are the simplest and the most affordable Insurance policies and the premiums are very low. The coverage provided by the term plan is only for a limited period and the benefits are available only if th...

1. Loans against insurance:. There are times when one may be in need of a  corpus to  supplement retirement, or medical treatment. In such a case one can consider taking against insurance.  (This is not description for loans ag...

Cash Benefit:. A whole life insurance has a cash value factor that gets amassed over a period of time and this is the biggest benefit of owning this policy. This policy also lets the person borrow against some cash value from the policy up to the...

The only key to beating a volatile market is staying invested in the long term. Whenever and wherever you invest, market volatility drives your worries. You can think of volatility in terms of the price swings or the magnitude of such price swing...

Nowadays, it is common that both the partners are working and contributing to the family's financial needs. An increasing need is now being felt for life insurance cover for the spouse also. To make the insurance coverage easy for such 'double inc...

Financial planning for your child is crucial if you want your child to have a bright future with access to resources. Planning about the education and healthcare of children is paramount from the day they are born. Simultaneously, it is imperative...

Life Insurance as a workplace benefit. Life insurance has emerged as one of the popular workplace benefits and is frequently offered by employers. In exchange for monthly/quarterly/annual premium payments, a life insurance policy provides a lump ...

Sounds familiar? Our lives are so fast-paced and unpredictable that no matter how much you plan, there will always be something that will catch you off-guard. Now take the case of Anish. In his situation, it would be wrong to disrupt his investmen...

1. Study past spending patterns. The first step in the budgeting process is to estimate spending done so far in order to estimate of how much you will spend in the upcoming financial year. Get a hold of all your past bank statements, credit c...

1. Income replacement:. It is one of the key purposes of life insurance, especially if you are the sole provider for your family. You will need a policy with a payout which would replace your income and also provide a guard against inflation ...

If you are planning to buy life insurance to take out a loan against it, then you need to consider the below points. There are different aspects to life insurance related loans and you need to be aware of all of them so you can make an informed ch...

How does a life insurance policy work?. Life insurance plan is a contract between the insurance company and you to provide life cover, provided you pay your premiums on time. It provides a financial benefit to your named nominees – spouse, childr...

Having financial protection amidst the growing uncertainties of life is always the first goal of every individual, whether married or single. Moreover, being financially stable offers peace of mind, thereby helping you concentrate on the crucial a...

The biggest advantage of a savings plan is that it is backed by the government, making sure that our invested capital is completely safe and secure. They are low on risk and assure good returns....

Most earning individuals aspire to improve their finances, but not all of them end up with sound financial planning. So, these individuals are compelled to go for overpriced financial advice from professional advisors....

An unexpected financial crisis, health emergencies, and financial commitments help us realize the importance of savings schemes in India. It is, therefore, a good practice to save money through different schemes so that emergency expenses can be h...

An endowment plan is a form of life insurance policy that provides the dual benefits of a life insurance cover and a savings plan as well. With this policy, you have to pay a certain amount of premium regularly over a period of time towards your p...

The future is uncertain, and a wise way to prepare for unforeseen events is to plan well in advance. If you make sound investment choices at the right time in your life, you can easily safeguard your future as well as create a corpus to achieve yo...

Buying a car, owning a home, seeing your child attend the college of their choice, month-long vacation in a far-off country – dreams can make for a long, never-ending list. All people dream but what you do to turn your dreams into reality is what ...

The importance of long-term savings plans is undeniable given the uncertainty in life today. PNB MetLife plans ensure that you and your loved ones have a financially secure life and continue to achieve your present and future goals through its 10 ...

Who doesn’t wish to have the cushion of wealth to fulfill all their wishes without having to think twice? Whether you want to build a retirement home or wish to provide your child with the best education, money plays an important role in bringing ...

Given the rising cost of living, increasing medical expenses and ever-growing financial needs, you need an alternate source of income that can help you live a financially sustainable life. You can opt for market-linked investment instruments or ch...

Did you know that one of the best ways to grow your income yet stay safe from market-related fluctuations and risks is with the help of a guaranteed future plan or a guaranteed savings plan. A guaranteed savings plan is a must-have in your financi...

If you spend unnecessarily on things now and then and struggle to build a habit of savings, an endowment savings plan is for you. Endowment plans are a type of insurance cum investment plan that helps you save regularly to achieve your long-term g...

A savings plan is one of the most popular life insurance plans in India. Such a plan provides you with a life cover that protects your loved ones in your absence. At the same time, the plan also has a savings component that lets you save systemati...

Long-term investing has several advantages. It is tax-efficient and also helps you earn compound interest. The tenure for a long-term savings plan is generally 3 years or more. The returns from a long-term savings plan are high on maturity. This i...

जीवन बीमा पॉलिसी खरीदना आसान नहीं है। पहले आप ये सुनिश्चित कीजिये की आपको लाइफ इन्शुरन्स प्लान की मूलभूत साफ़-जाहिर हो| विभिन्न लाइफ इन्शुरन्स पॉलिसियां अलग-अलग लाभ प्रदान करती हैं। ग्राहकों की अलग-अलग जरूरतों को पूरा करने के लिए, बीमा कंपनियां मू...

Diwali is the celebration of the triumph of good against evil – synonymous with the lengthy battle we fought against COVID-19. It is also when we get time to spend with our loved ones in laughter, food, and warmth – and most anticipatedly – exchan...

Why is Investing Important?

Investing your money is essential to achieving your future financial goals. In today’s world, you cannot rely merely on your savings to fulfil your long-term financial objectives. You need to invest your money...

Why Should You Buy a Life Insurance Policy?

• To combat the rise in expenses.

  It is hard enough for a single person to deal with the increasing inflation, daily cost of living, and other rising expenses. These costs dou...

8 Life Insurance Myths Debunked

Here are 8 life insurance myths debunked....

What are Contingent and Primary Beneficiaries?...

A Unit-linked insurance plan offers the triple benefits of goal-oriented savings, market-linked income creation, and life insurance protection. While buying life insurance, it can seem like every life insurance policy has a lot to offer, but it is...

A life insurance policy refers to a contract between you and your insurer. Your insurer, under this contract, agrees to pay a specific amount to the beneficiary in the event of your demise in exchange f...

Difference Between Term Plan and Endowment Plan

Death Insurance Claims

In case the policyholder dies, the claimant can make insurance claims through the following steps-...

What is a Term Insurance Plan?

Term insurance is an insurance plan that provides the policyholder with life insurance. This insurance policy is simple and continues for a prolonged length of time. The insured parties determine the "...

In What Scenarios is it Wise to Buy More Than One Life Insurance Policy?

There are various benefits of life insurance, but the core purpose of life insurance is to provide financial support and an avenue for security and growth in some f...

What is the Sum Assured Under a ULIP Policy?

The sum assured under a ULIP policy is the amount of money paid to the policyholder’s chosen family members or nominees in the eventuality of their demise. It is the payout component related t...

In light of this, the Reserve Bank of India (RBI) issued KYC guidelines. The KYC policy was enacted in accordance with the Banking Regulation Act of 1949. The following article will assist you in comprehending the meaning of KYC, its objectives, a...

The following article will explain the power of compounding in detail to assist you with your financial planning....

5 Interesting Facts About Insurance in India

Here are five interesting facts about life insurance plans that will answer these questions and make you rethink your stance on the insurance industry being dry....

A life insurance policy offers financial security to you and your family. It can also help pay off your debts, help in retirement planning, and aid in children's education. You can also use the policy to meet your short-term and long-term financia...

Eligibility to Claim

When one has a life Insurance policy and survives the expiry date of such a policy, they can claim the maturity benefits provided:...

What is an Endowment Policy?

An endowment policy is an insurance plan allowing the policyholder to save a certain amount regularly while benefitting from coverage for loved ones in the event of the insured’s passing. A lump sum is paid o...

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Find out all the details on short-term investment plans in this informative article....

What is a guaranteed savings plan?

As the name suggests, a guaranteed savings plan is a non-linked and non-participating insurance-cum-savings plan that offers fixed returns on maturity or the policyholder's death. That is why this plan ...

Why Invest Money

Before getting started, let’s understand the importance of investing in wealth creation and protection....

This guide will discuss India's different types of money investment plans for 2024. We'll discuss low-risk, medium-risk, and high-risk options and what those risks really mean. Because when it comes to your money, you don't want any surprises, rig...

Let’s break down endowment into easy-to-understand pieces. You’ll learn how these policies work, why they might be a smart addition to your financial plans, and what to look for when choosing one....

Effective financial planning is the key to achieving economic stability in the future....

Investing diligently can help you grow wealth and build a significant corpus for future financial requirements. However, it is crucial to draft an investment strategy that can suit your financial objectives as well as risk appetite....

Financial planning is the key to achieving your financial and life goals. Whether you are buying your dream home or a car, saving for higher education, marriage or retirement, proper financial planning can help you navigate all major financial eve...

Meaning and Importance

Understanding Money Back Policy

A money back insurance policy is a type of life insurance where you get a part of the assured amount regularly instead of all at once at the end. It's like an endowment pla...

Meaning and Importance

What Is Saving?

Saving refers to the act of setting aside a portion of income or resources for future use rather than spending it immediately. It involves putting money into a savings account, investment,...

This article will explore in detail the factors influencing investment decisions....

There are several types of investment instruments to choose from, including short-term or long-term, depending on your financial goals, investment horizon, and risk profile....

Planning for retirement early in your career helps ensure financial security and peace of mind in your later years. The National Pension Scheme is one of the most popular and effective retirement fund investment choices....

Long-term investments help you secure steady wealth growth, combat inflation and offer a safety net in case of unforeseen expenses....

That said, long-term and short-term are the two primary types of investment risks....

That said, investments are a crucial aspect of financial planning as prudent investment planning ensures money is available when needed. Read on to understand how to formulate the right strategy to reap success....

Lump sum investment is a good way to grow your wealth and fulfil long-term financial goals. If invested in an appropriate instrument for a decent period, it can accrue substantial returns. But do you know where to invest a lump sum amount?...

In today's day and age, achieving financial stability and security is essential for a stable lifestyle. A great way to grow your finances over time is with the help of investments....

Creating an investing strategy presents a completely different financial environment. It might be tough to figure out what your best options are and how each applies interest given the variety of savings, investment, and retirement account options...

There has been a huge demand for endowment plans, more so from those who have been looking for an investment instrument that would provide savings along with life insurance. The scheme is devised in such a manner that it will cover the family of t...

Most people have a prime concern when investing their hard-earned money: safety. Especially in India, where saving for future needs and financial security is highly ingrained in the culture, finding safe investments is key. In this article, we wil...

The Union Budget 2025 has been declared and taxpayers, especially the middle-class salaried ones, have gained a little respite in terms of savings and taxation policies. Fixed deposits (FDs) have always been a favorite instrument of risk-averse in...

We all know the importance of savings and the role they play in our lives! However, choosing the best long term savings plan is an extremely important choice that should be based on your own financial goals, risk tolerance, and investment horizon ...

You want to multiply your wealth over time and, thus, choose to invest your savings? But what is the wise choice to increase your wealth? Have you heard about compound interest investment?...

Are you frustrated working your tails off but still not able to cover your daily expenses or afford the lifestyle you desire? Wouldn’t it be great if you had an alternative?...

After selling an asset, imagine being gifted with a huge bonus or receiving an inheritance. What immediately springs to mind as the next step? You have two choices- either let it sit doing nothing in your bank account, accumulating interest or act...