Review – LIC’s Micro Bachat Plan
LIC Micro Bachat Plan What Is ItA regular premium, non-linked micro-insurance planProvides protection and savings – Financial support for family in case of the unfortunate event of policyholder's death. Lump sum amount paid to policyholder on maturity of the...
I Have No Taxable Income. Should I File an ITR?
Filing of Income Tax returns even if there is no income to be taxed is useful as it is a proof of income and documentation. It allows to carry forward capital losses, claim tax refund and increase one's chances of getting a high value loan or insurance cover. You...
How does an Insurance Ombudsman works?
Ayush Bhargava Executive Summary - Filling a complaint against insurance company is now much easier than before. For the benefit of consumer IRDA started a separate department as Insurance Ombudsman in 1998. This was set up to provide faster and cheaper solution of...
SBI Life Poorna Suraksha Term Insurance Plan – Is it Suitable for Me?
Executive Summary: SBI Life Poorna Suraksha is a term policy that covers 36 critical illnesses. It offers rebalancing of the amount of the policy and premium waiver in case of detection of critical illness. There are other similar policies. You should compare...
Do You Have Action Bias?
Executive Summary: As humans, we have the instinct to take some action all the time. It feels satisfying. But taking action is not always in the best interests of your investment portfolio. Sometimes it is better to wait till the complex situation passes by, ...
Should I Go For Wedding Insurance
Executive Summary: A wedding is an expensive affair these days. Therefore some insurance companies offer wedding insurance. In case of untoward events like illness, death or disasters that lead to cancellation or postponement of weddings, an insurance policy helps to...
Your Digital Wallet – “Payment Banks”
Ayush Bhargava EXECUTIVE SUMMARY: Payment bank in India is a new concept and out of 11 entities who got license to operate, 4 entities – Paytm, Airtel, India Post and Fino have started their operations with a target of covering more than 30% of population...
LIC’s Jeevan Utkarsh Plan 846
Executive Summary: LIC has launched a new plan – Jeevan Utkarsh Plan 846. It is a single premium policy, It is like an endowment plan that has a tenure of 12 years. It offers different settlement options. This policy is not a substitute for a term plan that...
Magic of Compounding
Executive Summary: Compounding is a powerful concept in creating wealth. It works on the idea that the returns on an investment gets included in the investment amount and the combined amount earns returns from the next earning period. It is best to start saving early...
Should I Go For Wedding Insurance
Executive Summary: A wedding is an expensive affair these days. Therefore some insurance companies offer wedding insurance. In case of untoward events like illness, death or disasters that lead to cancellation or postponement of weddings, an insurance policy helps to...
Your Digital Wallet – “Payment Banks”
Ayush Bhargava EXECUTIVE SUMMARY: Payment bank in India is a new concept and out of 11 entities who got license to operate, 4 entities – Paytm, Airtel, India Post and Fino have started their operations with a target of covering more than 30% of population...
LIC’s Jeevan Utkarsh Plan 846
Executive Summary: LIC has launched a new plan – Jeevan Utkarsh Plan 846. It is a single premium policy, It is like an endowment plan that has a tenure of 12 years. It offers different settlement options. This policy is not a substitute for a term plan that...
Magic of Compounding
Executive Summary: Compounding is a powerful concept in creating wealth. It works on the idea that the returns on an investment gets included in the investment amount and the combined amount earns returns from the next earning period. It is best to start saving early...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!