When you are chalking out a financial plan for yourself, health insurance is one aspect that features prominently. With cost of quality healthcare rising sharply (partly because of health insurance itself), a prolonged hospitalisation can deplete your long term financial health. An adequate health insurance cover can provide good cushion to your finances in such… Continue Reading
You have finalised your dream house to purchase. You have also finalised the bank to take home loan from. You have a long relationship with the bank. You have been informally told that you will get the loan easily given your high repayment ability. You are planning to visit the bank branch tomorrow. The spirits… Continue Reading
Credit cards can provide you many benefits. You can get discounts and cashbacks on the popular shopping portals. You get discounts at your favourite restaurants. You get discounts while booking flights and hotels. You get rewards point which can be used for future purchases and for exciting gifts or gift coupons. We have seen the… Continue Reading
What would you do if I were to tell you that you can earn more in the same MF scheme (that you are currently investing in) simply by changing the way you invest? Surprised? It’s true…so, let’s find out more. Direct and Regular Plans of Mutual Fund Schemes There are two broad ways in which… Continue Reading
I have never been a big fan of traditional life insurance plans such as endowment plans, money back plans etc. Traditional life insurance plans provide low life coverage and poor investment returns. Hence, such plans are better avoided. When we talk about life insurance plans, the first name that typically pops up in your mind is… Continue Reading
You need Rs 20 lacs to fund a wedding in the family. You approached a few friends/relatives for help. They chipped in but you are still Rs 15 lacs short. You approached a few banks and NBFCs. However, your requests for a personal loan of Rs 15 lacs were politely declined, primarily because you are… Continue Reading
As you start your retirement, you will need to replace your salary with another source of regular income. If you have been part of a defined benefit pension scheme or have been investing in a pension plan during your working years, you will not feel as much pinch. Those who have not purchased a pension plan… Continue Reading
Being self-employed gives you the freedom to work on what you want and how you want. You don’t have to deal with a rude boss and frustrating office politics. You may get to choose your work timings. Till now, everything sounds good. However, self-employment can bring its own set of unique problems. There is no… Continue Reading
I got an e-mail from one of the regular readers at EMICalculator.net. He brought to my notice an aspect I had failed to cover in my earlier post on Home Loan Protection Plans (HLPPs). Case Summary His father had taken a loan of Rs 8.95 lacs for a tenor of 17 years from a leading… Continue Reading
Have you felt the need for gold in your investment portfolio? If you have not, you need to think again. Gold is a physical asset, is globally priced and can be a good hedge against high inflation and rupee depreciation. Even though gold is a speculative asset, it deserves a small part in your investment portfolio… Continue Reading