As they say, savings are the most important thing in one should do during his youth so that he can spend his/her golden period of life in peace and can feel empowered. Though it’s true, most of us don’t know that if we save smartly, we can not only make a huge amount but also gain interest from it.
Everyone wants to give a secure life to his/her loved ones, especially after his/her own death. A term called insurance is something that empowers the same thought. If we talk about the value and the importance of an insurance plan, it is a pure death benefit plan and a sure shot way to provide financial security for one’s family at a low cost.
Service Tax is an indirect tax that a provider of service collects from the recipient of service and pays to the government. The ultimate burden of service tax like any other indirect tax is borne by the consumer. Service means all kind of intangible offerings provided to the service recipient which includes software development, hotel services, car repair, restaurant services, consulting services to name a few.
Retirement may be called the golden period of a person’s life, but nobody can deny the fact that it means the end of earning period for many unless one chooses to work after that. For a retired person making the best use of their retirement corpus that would help keep tax liability at bay and provide a regular stream of income is the most important thing they should think about.
Life insurance is a term which is considered as one of the most important things when it comes to the essentials of living. Life insurance is something which stays with the policyholder and his family even after his/her life. But there are ample of reasons due to which people often want to terminate their life insurance policies.
In India, an active investor can get plenty of investment options to deploy his money and earn returns after a time. Moreover, investments are like a reserve of profits and savings through which monetary value can be increased over a period of time.
Paying a premium monthly, quarterly, half yearly and yearly is what we call a conventional mode of having an insurance policy. But, a single premium policy in way more better than any other normal policy, like it needs the insured to pay once and offers coverage throughout the chosen policy tenure.
A term life insurance policy helps you to financially secure your family’s future in case of your untimely demise. While you take the right step in securing your loved ones’ future, it is also a responsible act on your part to be aware of the types of deaths not covered by a term Insurance policy. Yes, you read it right. A life insurance contract does not cover certain types of deaths. These are known as ‘Exclusions’ and are mentioned in your policy contract and also in the plan brochures.
Narendra a 35-year-old techie working with an IT major has been investing in mutual funds and stocks since a few years. He is comfortable taking risks to generate higher returns and has SIPs in various equity-based funds. As a prudent investment philosophy, he believes that it is not wise to make all his investments in mutual funds and stocks as they are subject to high volatility.
The mutual fund industry’s AUM has grown from Rs 4.17 trillion as on 31st March 2009 to Rs 23.80 trillion as on 31st March 2019, more than five and a half fold increase in the span of 10 years.* Similarly, there has been a rise in the sale of ULIP plans of life insurance companies. This growth story points to the fact that Indians have matured with regards to their investment choices and have started trying their hand and money at alternative investment avenues rather than sticking to the traditional investment options of fixed deposits, gold, real estate, etc.