This Diwali, Set Your Personal Finance Basics Right

Diwali is here. The festival of lights. Time for a vacation, family get-togethers, sweets, and bright crackers and fireworks. This is also a good time (just like any other day on the calendar) to review and throw light on shortcomings in your financial planning. To see if you have got your personal finance basics covered.… Continue Reading

Which is the Best Life Insurance Company in 2022?

You want to buy a term life insurance plan. How would you select a life insurance company? You would want to go with the “Best Life Insurance Company”. Wouldn’t you? And for that, most of us would look at the claim settlement ratio of the various insurers. Higher the better. IRDA recently released the annual… Continue Reading

Are Home Loan Insurance Products Failing You?

Death in the family brings not just emotional trauma but can also bring financial agony to the family. If the deceased was the primary breadwinner, the family can struggle financially unless the deceased had bought adequate life insurance coverage. If the deceased had taken a home loan, the loan needs to be repaid too. Since… Continue Reading

Get Your Insurance Portfolio Right

Covid-19 infections are on the rise again. Many of us are under great stress for various reasons. A series of “What ifs” constantly overwhelm our minds. During such times, it is easy to appreciate the importance of adequate insurance in our portfolios. An insurance plan helps you ringfence your finances from potential shocks. In fact,… Continue Reading

Are You Planning to Make a Tax-Saving Investment?

The tax-saving season is round the corner. Are you still running around to finalize tax-saving investments? Well, there are so many ways to save tax. There is PPF, EPF, NPS, ELSS, LIC policies, ULIPs, 5-year FDs, life and health insurance plans, pension plans and many more. In this post, I do not intend to discuss… Continue Reading

Taking a Loan to Pay Your Insurance Premium?

We know that insurers provide loans against insurance policies. Therefore, if you have a traditional insurance policy and need short term funds, you can approach your insurance company to offer you a loan. The maximum loan amount is 80-90% of the prevailing policy surrender value. If you can’t repay the loan, the insurance company can… Continue Reading