In this modern age of science and technology, online retirement planning calculator has become extremely popular in India. Retirement planning calculator is considered convenient as one just has to enter basic information such as age, income, and expenses to determine the required retirement corpus. As far availability is concerned, there are hundreds of online retirement…
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme that has been introduced for the social welfare of people aged 60 and above. Officially launched on 21st July 2017, the initiative aims to provide financial security to senior citizens through a regular pension. What is LIC PMVVY scheme? The LIC PMVVY scheme promises a…
LIC launched its online term plan that is, e-Term Plan in 2014, a while after the private players like HDFC and ICICI had launched their online term plans. Before getting into LIC e-Term review, let us start with the basics What is a Term Plan? A Term Plan is a policy that provides insurance cover…
First, I would like to congratulate you on maintaining the PPF account for the last 15 years. PPF is an evergreen investment and will continue to prevail as one of the best debt investment option. It has a lock-in period of 15 years though it provides the option of partial withdrawal and loans in between…
Which is the best term plan with return of premium (TROP) ? Which is the best term plan with Maturity Benefits? The answer to this question is ‘none’. If you want to know the reason behind the answer, you’ve come to the right place. But before that, let us understand what a term plan is…
5 emotional mistakes, just 5, induces most people to commit some common financial mistakes in their lives. Can you believe it? I bet you can’t. Let us analyse these mistakes one at a time: Greed Fear Guilt and Gratification Social Strata Ignorance If you are prone to these mistakes then I would request you to…
You may have encountered few advertisements on different social media platforms promoting term life insurance of 1 crore. The purpose or construct might differ in their advertisements, for example, Secure your family with 1 Crore term life insurance Buy 1 Crore term life insurance at 500/- per month The basis of most marketing strategies is…
In this article, I have tried to list down important personal financial calculators that will be useful while considering financial planning in India. These calculators can be used by both DIY investors and newbies. Let`s look into few details to see how these personal finance calculators can help you calculate the required corpus for your…