There’s this one thing that I know about ICICI Prudential Life Insurance. They make use of aggressive sales tactics to sell their insurance plans. The same strategies have been followed for Elite Life I to Elite Life II, now known as Elite Life Super. Nonetheless, there is nothing super about the plan. So, here is…
Kisan Vikas Patra (KVP) is a government-backed savings certificate scheme which was first launched by the India Post in 1988. The primary objective of the scheme was to encourage Indian farmers to indulge in long-term financial savings for their betterment. Kisan Vikas Patra (KVP) is now open to all. KVP certificates and application forms are…
Recently, one of my blog readers posed an important question. He inquired that – I’m 25 years old and don’t have any major goals as of now. Can my asset allocation be 100% in equity as per my age? Upon asking him whether he was a salaried employee or businessperson, I found out that he…
I have joined various Facebook groups that talk about insurance, stocks, and other investment products. Having been a part of most discussions, my observation is that members of different groups have different questions. Which is the best term insurance policy? Which are the best mutual funds to invest in for long-term financial goals? (By the…
National Savings Certificate (NSC) is a government-run investment scheme that guarantees fixed returns to investors. Since NSC is backed by the Indian Government, it’s a highly secure investment option. Besides, the scheme exhibits a lot of tax-saving potentials. It’s an ideal savings instrument for individuals looking to park their funds in low-risk investment products. The…
Before getting started, let us try to understand the meaning of the term ‘retirement corpus’. Then, we will move on to discuss the 4 things that can make a dent in your retirement corpus. Retirement Corpus Meaning Although the term ‘retirement corpus’ may sound somewhat complex, its meaning is very simple. Retirement corpus refers to…
Everyone who works in an organization knows very well about the Employee Provident Fund (EPF). 12% of the monthly basic salary and dearness allowance is automatically deducted towards EPF from the employee’s salary. The same amount is contributed towards EPF by the employer. There’re few people who don’t know that a monthly deduction of 1250…
Suppose you’re given an option between FD, Debt Funds, PPF or VPF for your retirement. What would you choose from amongst the above-mentioned investment options? I have seen the majority of the people asking for safe investments with good returns. Nevertheless, they still don’t consider VPF in their portfolio. Now, before moving any further, let…