Financial Planning_ Why it will fail if you listen to Society?
Yes, It is true your financial Planning will fail if you listen to society. Recently I got a call from an I.T employee who already took financial planning from an other Sebi Registered Investment Adviser. Why he contacted me for me? He called me for a 2nd opinion over his “House Planning“. Moreover, He thinks that his Investment Adviser allowing him to buy a house. His adviser advised him not to buy a house till his retirement. But people around this I.T employee and his family members are asking him frequently that when he will buy a house. Why this …
My experience in Multi-Level Marketing(MLM) and Network Marketing…
I did Multi-Level marketing(MLM) and Network Martketing three times. But all three times, I am a loser. I did this business for the sake of earning huge income in short span time just like others. I have seen people chase this business when I was a child and when I am adult too. Recently, One of neighbor bought a water filter which costed Rs.3,00,000. They invited me and my wife to taste the water. As there is a obligation we went to their home. But in the conversation, I have realized that they bought this water purifier because it is …
Is Private health cover(Insurance) worth in India?
Health Insurance is worth in India or not? is the question I usually hear from my existing clients or prospective clients. Today, There is a serious discussion happened with one of my client. He is a well educated person, and well settled and earning good salary. A few years back, I gave him “Financial Planning. As a part of financial planning, I had given him health insurance planning to him. He health insurance for his family and for parents as well. Three years completed, Now comes the fourth and the policy is due for renewal. Further more, He is not …
Guaranteed Income or bonus- why this kind life insurance policies are bad?
Life Insurance companies use different kind of words to attract people so that they will buy plans from them. They use words like life insurance bonus, a terminal bonus in life insurance, life insurance with bonuses. In recent years they started plans which are offering guaranteed bonus policies to the policyholder. What Kind of Guaranteed return Plans that these companies are offering?… Companies sometimes offer some kind of plans with bonus till death. Example is LIC’s Jeevan Tarun policy. Example of Guaranteed bonus… A company is asking you to pay Rs.1,000 per year for 10 years, from 11th year to …
LIC of India(new jeevan anand) – Why these kind of polices are bad?
When we are about to take a Life Insurance Policy, then first LIC of India name comes into our mind. LIC of India is backed up by Government of India. Lic is offering so many varieties of plans. But some plans are not good for you at all. They will destroy your wealth.New Jeevan Anand policy is famous in LIC OF INDIA. Life Insurance will cover the risk of dying too early and risk of dying too late. Hench, Life Insurance Corporation if it covers above said two risks. But the real problem comes when it is trying to behave differently …
ITR Filling – 8 benefits, even your income is below taxable limit?
are u filling your ITR return? Yes/No. There are 8 benefits if you file the I.T returns even your income is below taxable limit. Many people will not I.T return at all for years. As their income is below taxable limit. In addition, I have seen people tend to run to the C.A for filling return when there is an urgency. But there are 8 benefits of filling I.T return even your income is below taxable limit. What is Income Tax Return(ITR)? Is it necessary to file it? An Income Tax Return is a form, where the taxpayer discloses details …
Insurance Planning -Why some times will fail in Life Insurance, Health insurance etc?
Sometimes Insurance planning will fail. People do take life insurance and health insurance etc to protect themselves from financial loss due to unexpected death or health issues etc. For this, they do Insurance Planning. Insurance planning also part of Financial Planning. Therefore, I have added this article in Financial Planning category. But sometimes this Insurance planning will fail. Recently I had a discussion with a Government Employee. He is working in Andhra Pradesh State Government. They have mandatory Department Life Insurance called APGLI. In the conversation, he said that If Life Insurance Policy of Lic or any private Life Insurance …
Govt Life Insurance APGLI and TSGLI – Why it is good to modify by Government?
First I should thank Mr. Rajandra prasad Garu(http://www.andhrateachers.in/) who posted my article about APGLI and TSGLI maturity and interest rate on his website. Now in this article, I will tell you why Andhra Pradesh and Telangana Government have to modify APGLI/TSGLI(govt life insurance). As a result of his help, my article is coming in google first page if somebody searching for APGLI OR TSGLI maturity. In addition, I have requested a few more website owners too to post my article about maturity in Andhra Pradesh and Telanaga Life Insurance in their sites. Maybe they are not serious about good happening to …
Agent,Distributor, Bank, CFP’s and Sebi Ria- Who is good for you?
There are few people call themselves Investment Advisers or Financial Advisers. Insurance Agent, Mutual Fund Distributor, Bank, Postal Agent, CFP and Sebi Ria. But common man not able to understand whom to chose out this list. Hence, I am writing this article about the skill. education, capability, mode of their income and reliability etc. While selecting any one try to select one who has No or least conflict of interest and high skill and education. Conflict of interest means putting their interest first instead of yours. Insurance Agent… Most of the Insurance agents academic qualification is 10+2( Intermediate). Few agents …
