Return of Premium in Term Insurance – is it beneficial to you?
Most of you know to protect your dependents in your absence, you need to take term insurance. But recently Exide Life Insurance started a return of premium term insurance. You know that a Normal Term Life Insurance Policy will not give you back any premiums at the time of maturity. But this exide term policy is offering to repay full premiums paid. Their offer may look amazing to some of you. Let’s try to understand in this article, taking this insurance policy which gives premiums back at the time of maturity. Read this article why you should not take …
Donation Seat – Why it is not good for higher education?
Donation seat is one of the options for the parents when their children didn’t get a good enough rank in entrance exams for higher education like Medical, Engineering, M.B.A, and I.I.T, etc… In addition, Parents think that in buying donation seats that they can secure their children’s futures. But in many cases, it is not true. I know a lady who had completed dentistry, and She got the set with a donation of Rs.50,00,000. In addition, She is working now for a salary of Rs.15,000 per month in a Dental Hospital. Do You think that her father made a good …
Term Insurance Plans ( 2020) of Lic Of India Features and Benefits
When we are thinking about taking a Term Insurance, we will first look at Lic Of India. Lic has new plans, 1) Tech Term Insurance ( online only) 2 Jeevan Amar Term Insurance ( Both online and offline). In this article, I will explain about term life insurance plans available in LIC. 1) Lic Of India -Tech Term Insurance Plan Features and Benefits… This plan Number is 854. In addition, this is a non-linked without profit pure protection online term insurance policy. Moreover, this policy will be issued with an online application process only. And there will be no Agent …
Senior Citizen Savings Scheme ( SCSS) – Features and Benefits
Senior Citizen Savings Scheme is a famous savings scheme for Old Age People whose age is more than 60 years of age. Here, In this article I will explain all the features and benefits of this scheme. Who Can Apply for this Senior Citizen Savings Scheme?… An Individual whose age is more than 60 years of age can open this account. In addition, a person who got superannuation or retired under VRS after age 5 and before 60 years of age can enter in this scheme. However, he/she should invest within one month of retirement, and the total investment …
Mutual funds vs Stocks – Which is best for you to invest?
Mutual funds vs Stocks which one to choose to invest for your financial goals? This question you should ask yourself if you are about to start your investments in both mutual funds and stocks or in one of them. I have seen some investors investing in direct stocks thinking that they can gain more return than mutual funds. In addition, they think that mutual funds finally invest the money in the stocks only. Why I can not do my self? Mutual funds vs Stocks -Which is better for you?… 1) Knowledge required in mutual funds and stocks… Stock Investment …
Return – If it is Zero or Low or (Negative) What will happen (CAGR)?
are you looking to invest in real estate, mutual funds, or in the stock market for getting a return on investment (CAGR)? I have seen many investors investing 100% of their savings into a single asset class like real estate or equity mutual funds. In addition, they believe that they will get a very good profit. Here, I am not saying that you will not get a profit. We can measure the profit by calculating the CAGR in our investment. But do remember there is no real CAGR in the real estate and in the stock market. In addition, to …
Savings Bonds (7.75%) – How to buy (invest) these Government of India Bonds?
Savings Bonds (7.75% interest) of the Government Of India is available. All you need to know that before buying these bonds, I will explain in this article. Features and Benefits of these Savings Bonds are… These Bonds are not available from 28-05-2020. However, RBI may come up with new bonds with a lesser interest rates with same conditions. Eligibility for Investment… Both Individual and Huf can apply for these bonds. However, Non-Resident Indians not allowed to buy these bonds. These bonds can be held by a) An Individual, not being a Non-Resident Indian In her or his Individual Capacity or …
PMVVY ( 2020-202- Features and Benefits 2020-2023
PMVVY full form is Pradhan Mantri Vaya Vandana Yojana. Now, this scheme has come up with new features and benefits for 2020-2023. In addition, it has 5 changes when compared earlier PMVVY. Pradhan Mantri Vaya Vandana Yojana Features and Benefits are… You should have a minimum of 60 years’ age to buy this scheme. But there no upper age limit is set in this scheme. So, anyone who is more than 60 years of age can buy this scheme. In addition, the monthly pension is 7.4% for Financial Year 2020-2021. The policy term or the pension period is 10 …
Power of Compounding – Why it is not there in (Mutual Funds), Stock market?
The power of compounding exists in Mutual funds and in Stock Market is most people believe. But actually, this compounding interest benefit is not there in mutual funds. In addition, Many investors believing this wrong assumption and investing blindly in mutual funds, stock market. In this article, I will showcase why there is no Power of Compound interest in the stock market and equity mutual funds. What is Compounding Interest.?… Compounding interest means that you are getting interest on interest. Let’s say you have invested in Bank Fd Rs.1,00,000, the bank promised you to pay 6% compound interest every …
Pradhan Mantri Awas Yojana (PMAY) 2020-2021-Who is eligible?
Pradhan Mantri Awas Yojana has been extended till 31st, March 2021 for the CLSS category. While at the same time for EWS/LIG category this has been extended till 31st, March 2022. Now, Let’s see who is eligible under PMAY Scheme?… Pradhan Mantri Awas Yojana ( PMAY) Schemes are… CLSS MIG – I CLSS MIG – II EWS/LIG ( EWS – economically weaker section, LIG- Low-income group). Eligibility for PMAY for 2020… There are three categories in this scheme. Let’s know in detail about each category. EWS/LIG Scheme Category… You and your family members should not have any pucca house in …
