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Surrender Value of LIC Policy – Calculate or Call Helpline
How to calculate Surrender Value of LIC Policy? Is there any other way to know the Surrender Value of LIC Policy? We are seeing a lot of comments about the low Surrender Value of LIC Policy in the initial years. Surrender Value of LIC Policy is very important, because you will get loans from the policy [...]
Read More →NFO in Mutual Fund – Should I Invest?
What is NFO in Mutual Fund? Should you invest in NFO of Mutual Fund schemes? Why Agents push NFO in Mutual Fund? Biggest sales pitch for NFO in Mutual Fund is NAV 10. NFO in Mutual Fund – New Fund Offer In simple words, NFO in Mutual Fund means a new mutual fund scheme from [...]
Read More →Minimum Amount Due in Credit Card – Its a Trap
What is the minimum amount due in Credit Card? How Credit Card interest rates eat away into your savings? How the minimum amount due in Credit Card works? Rahul got his first Credit Card immediately after getting his first job in a software firm. In the 2008 global crisis, he lost his job. He continued [...]
Read More →Claim Settlement Ratio of Insurance Companies by IRDA – 2011-2012
Does Claim Settlement Ratio matter? Where can I get the latest report on IRDA claim settlement ratio of Insurance Companies for FY 2011-2012? We often see the news regarding the Claim Settlement Ratio of insurance companies. Insurance Regulatory and Development Authority (IRDA), the Insurance Regulator will publish the details regarding this in its annual report. [...]
Read More →LIC Term Plan – Anmol Jeevan I & Amulya Jeevan I
LIC Term Plan – What is the Premium and Sum Insured in Anmol Jeevan I and Amulya Jeevan I? Is there any LIC i-Term Plan. The answer is No. LIC does not offer Term Plan online currently. These days all Financial Planners are recommending their clients to buy Term Plans to insure their lives for [...]
Read More →Capital Gain Tax in India – Long Term and Short Term
The profits or gain made from the transfer of a capital asset in the previous year are taxable under the head Capital Gain. The rate of Capital Gain Tax in India is different for different types of Capital Gain. Capital Gain Tax in India is broadly divided into two categories: Short Term Capital Gain(STCG) Long [...]
Read More →Income Tax on Salary – Slab Rates and Exemptions
How to calculate Income Tax on Salary? What are the slab rates and exemptions for Income Tax on Salary? How can Income Tax be saved for Salaried Employees in India. Let us start with Income Tax slab rates: Income Tax on Salary – Slab Rates Income Tax on Salary is calculated on a slab system. [...]
Read More →NEFT and RTGS Difference – Timing and Charges
To understand the difference between NEFT and RTGS, first of all, we need to know, what is NEFT and RTGS and what are its charges, timings and limits. Whenever you enter a bank these days, it is very common to hear the bank official suggesting someone to do a NEFT and RTGS and this makes [...]
Read More →Insurance View All →
Surrender Value of LIC Policy – Calculate or Call Helpline
How to calculate Surrender Value of LIC Policy? Is there any other way to know the Surrender Value of LIC Policy? We are seeing a lot of comments about the low Surrender Value of LIC Policy in the initial years. Surrender Value of LIC Policy is very important, because you will get loans from the policy [...]
Read More →Claim Settlement Ratio of Insurance Companies by IRDA – 2011-2012
Does Claim Settlement Ratio matter? Where can I get the latest report on IRDA claim settlement ratio of Insurance Companies for FY 2011-2012? We often see the news regarding the Claim Settlement Ratio of insurance companies. Insurance Regulatory and Development Authority (IRDA), the Insurance Regulator will publish the details regarding this in its annual report. [...]
Read More →LIC Term Plan – Anmol Jeevan I & Amulya Jeevan I
LIC Term Plan – What is the Premium and Sum Insured in Anmol Jeevan I and Amulya Jeevan I? Is there any LIC i-Term Plan. The answer is No. LIC does not offer Term Plan online currently. These days all Financial Planners are recommending their clients to buy Term Plans to insure their lives for [...]
Read More →LIC Policy Status by Policy Number-Check Online
LIC policy status by policy number – How can I get it? Can I check it Online or by SMS? You can now check LIC Policy Status by Policy Number sitting in your drawing room. There is no need to go to LIC office and stand in Long queue. There are 3 ways in which [...]
Read More →LIC Premium Payment Online – Complete Process with Images
How do I make LIC premium payment online? Do I have to register to make LIC premium payment online? I am sure most of us faced this challenge. I remember the days when people would visit the LIC offices, stand in the never ending queue and wait for their turn to pay the premiums. However, with [...]
Read More →LIC Premium Receipts Online-Step by Step Process with Images
Online payment is a good option to pay your LIC premium. The tedious part is to get LIC premium receipts online. Please follow the steps to get LIC premium receipts online. Also, there are pictures to follow the process. It would not take more than five minutes to get the premium receipts. Also Read: LIC [...]
Read More →Types of Life Insurance – With Examples
What are the different types of life insurance policies and which one should I get? The decision to buy is entirely based on the solution, you are looking for. You should definitely buy a term insurance and avoid endowment, money back and whole life policies(my personal suggestion). You can buy ULIPs after scanning the charges [...]
Read More →Insurance Agents-Do they buy what they sell?
Insurance Agents is a dreaded word today. Everybody wants to avoid them, still gets into their trap. Are they mis selling or are we mis buying? I do not know but I am getting a lot of SMS these days to buy a new insurance policy and SMS say like this: Pay 4000/- per month [...]
Read More →Banking View All →
Minimum Amount Due in Credit Card – Its a Trap
What is the minimum amount due in Credit Card? How Credit Card interest rates eat away into your savings? How the minimum amount due in Credit Card works? Rahul got his first Credit Card immediately after getting his first job in a software firm. In the 2008 global crisis, he lost his job. He continued [...]
Read More →NEFT and RTGS Difference – Timing and Charges
To understand the difference between NEFT and RTGS, first of all, we need to know, what is NEFT and RTGS and what are its charges, timings and limits. Whenever you enter a bank these days, it is very common to hear the bank official suggesting someone to do a NEFT and RTGS and this makes [...]
Read More →PPF Account in SBI-Open Offline and Transact Online
How to open PPF account in SBI and why to open PPF account in State Bank of India? All of us feel comfortable in dealing with a government bank for our long term savings. For a long term savings like PPF, most of us prefer to go through Post office or SBI, though the facility [...]
Read More →Repo Rate and Reverse Repo Rate in India-2013
We all read in newspapers about the Reserve Bank of India changing Repo Rate and Reverse Repo Rate. Stock markets keenly see the change in Repo Rate and Reverse Repo Rate. Banks decide their lending rates on the basis of change in Repo Rate and Reverse Repo Rate. Why these rates are so important? What is [...]
Read More →Difference between Saving Account and Current Account
This post is dedicated to understand the basic difference between “saving account and current account“. These terms are the very basic pillars of a banking industry and everyone knows about it, however let us look at these terms from a purely financial perspective. This article intends to help those people who intend to shift from [...]
Read More →Auto Sweep Account- High Liquidity & Interest Rates
What is Auto Sweep Account and how it helps you to get high liquidity and interest rates? My friend, Sumit, got a lump sum amount of Rs. 7 Lacs/- on his retirement. He does not want to invest this amount in any of the financial instruments as his son is planning to go abroad for [...]
Read More →Investment View All →
NFO in Mutual Fund – Should I Invest?
What is NFO in Mutual Fund? Should you invest in NFO of Mutual Fund schemes? Why Agents push NFO in Mutual Fund? Biggest sales pitch for NFO in Mutual Fund is NAV 10. NFO in Mutual Fund – New Fund Offer In simple words, NFO in Mutual Fund means a new mutual fund scheme from [...]
Read More →Top Mutual Funds in India for 2013-2014
Which are the top mutual funds in India for 2013-2014? Which is the best mutual fund in India? Its very difficult to answer these questions as we need to keep reviewing the performance of top mutual funds in India. We have tried to compile a list of top mutual funds, top 5 equity mutual funds [...]
Read More →Tax Saving Mutual Funds- Top 5 for 2012-13
Which are the best tax saving mutual funds? Are tax saving mutual funds better than endowment policies,ULIPs, PPF? What is the lock period in tax saving mutual funds? The tax savings season has begun!!! This is the time of the year where you will be receiving umpteen numbers of calls from many agents to sell [...]
Read More →Mutual Fund Basics – A Simplified Story
Mutual Fund basics are very easy to understand. In this article, I will try to explain Mutual Fund basics by telling a simple story which will help you to understand mutual funds in a better way. The Elite 500 Club was having their monthly meeting as usual. Members were discussing a common problem which they [...]
Read More →Rupee Depreciation- Why Rupee is Depreciating?
Rupee depreciation Everybody talks about the subject in recent times. We are experiencing a tough time with Rupee depreciation every day. RBI is trying to arrest the fall, but the effect is very small. Let us analyze the effect of rupee depreciation: How the rupee depreciation against the Dollar is calculated? Let’s replace rupee with [...]
Read More →Advantages of SIP-See your money growing
To understand “Advantages of SIP”, Let us first understand the term SIP. Why all financial planners recommend SIP as the best tool to invest in mutual funds? Why SIP is so popular among retail investors? What is SIP? Systematic Investment Plan (SIP) is nothing but investing a fixed amount regularly in a mutual fund. It [...]
Read More →What is Home Loan? 7 tips for beginners when getting a Home Loan
Home loan is a loan advanced to a person to assist in buying a house.You cannot think of buying a flat or a house without a home loan in the current market conditions. Home loan will help you in reducing your tax liability along with creating an asset. You must be careful in going for a [...]
Read More →Tax View All →
Capital Gain Tax in India – Long Term and Short Term
The profits or gain made from the transfer of a capital asset in the previous year are taxable under the head Capital Gain. The rate of Capital Gain Tax in India is different for different types of Capital Gain. Capital Gain Tax in India is broadly divided into two categories: Short Term Capital Gain(STCG) Long [...]
Read More →Income Tax on Salary – Slab Rates and Exemptions
How to calculate Income Tax on Salary? What are the slab rates and exemptions for Income Tax on Salary? How can Income Tax be saved for Salaried Employees in India. Let us start with Income Tax slab rates: Income Tax on Salary – Slab Rates Income Tax on Salary is calculated on a slab system. [...]
Read More →Tax on Gift in India – Limits and Rules
What are the limits of Gift Tax in India? Do I need to pay tax on gift in India? What are the Income Tax rules on gifts received? Receiving gifts is a habit from our childhood and we cherish those memories. But do you know that certain gifts have tax implications. While the Income Tax [...]
Read More →Income Tax Benefits on Home Loan in India – 2013 Budget
How do I get income tax benefits on home loan? What if I have purchased a second house- Am I still eligible for tax benefits? What are the income tax benefits on home loan if I wish to go for Joint/construction linked loan? Budget 2013 1. New loans up to Rs 25 lakh for first [...]
Read More →Tax Saving Mutual Funds- Top 5 for 2012-13
Which are the best tax saving mutual funds? Are tax saving mutual funds better than endowment policies,ULIPs, PPF? What is the lock period in tax saving mutual funds? The tax savings season has begun!!! This is the time of the year where you will be receiving umpteen numbers of calls from many agents to sell [...]
Read More →Retirement View All →
Reverse Mortgage in India-Do I need to know?
Reverse mortgage in India is slowly but surely becoming an acceptable means for the elderly to lead a dignified life through income from the home that they once built while they were earning. Mr. Menon has been retired for almost a decade now and has been living a peaceful life with his wife. However with [...]
Read More →Retirement Planning – I am only 30, Retirement is far away
My friend Sujit could not stop laughing when I asked him about his retirement planning. “Who thinks about retirement planning? I am only 30, Retirement is far away.” says Sujit. Most of us , like Sujit, having higher salaries do not believe in retirement planning. We believe in living for the day. Retirement planning, by [...]
Read More →Financial Planning View All →
What is Financial Planning-Steps and Example
What is financial planning and what are the steps involved in financial planning? Of late, we are hearing a lot about financial planning. News papers carry articles where they explain what is financial planning and why it is required? Is financial planning is just planning of finance or is it much more than that? Let [...]
Read More →Women and Finance-Do Women avoid Finance?
I never understand why women and finance do not gel well in spite of 40% of the total workforce in the world being women. Do women hate managing personal finance or they just avoid it? Sunaina, 36 has been a housewife for the past 12 years and despite having completed her M.Sc and having earned [...]
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