Wednesday, March 4, 2015

Sukanya Samriddhi Scheme spells trouble for insurance

Insurance policy is the most preferred choice among most Indians to invest for their children's education and marriage. Despite the fact that it is not an ideal investment, their trust in insurance is absolutely unshakable.

Well, now there is an option (apart from the good old PPF) that should deliver a knockout blow to the insurance policies that you buy specifically to protect your daughters' future.

It is known as the Sukanya Samriddhi Scheme.

Monday, March 2, 2015

Health insurance tax benefits get a BIG budget boost

There is no denying the importance of health insurance. As you are well aware that
a) the incidence of medical problems is rising, and
b) the cost of treating these medical problems is skyrocketing.

Given this scenario, if you are banking on your own funds to meet the cost of any medical exigencies, you are making a big... very big... mistake.

Friday, February 27, 2015

How to exchange damaged bank notes?

It always gives a bad feeling to carry a dirty or damaged currency note in our pockets. So we try to palm it off to an unsuspecting person or donate it to God.

Well, you don't need to take such dubious steps to get rid of your shabby or torn notes.

Specific guidelines laid down by RBI — i.e. Reserve Bank of India (Note Refund) Rules, 2009 — permit you to exchange them for a better one.

Wednesday, February 25, 2015

RGESS: You might still be a "new" equity investor. Check out.

The buoyant stock market since around one year and the huge expectation from the Modi Government, is again attracting many new retail investors towards equity.

However, given the risks involved with equity investment, it would be wise if these small first-time investors don't take direct exposure to stocks. Rather, they should make their equity investment through the mutual funds. This would not only let them enjoy the expertise of well-qualified and experienced fund managers but also diversify their investment.

Monday, February 23, 2015

Best Personal Finance Oscar winners are eternally the same

Year after year, the winners in various categories of our personal finances remain constant and consistent.

For many this predictability is so boring and monotonous. They want excitement. They want action. They want change.

But, for the smart investors, this very obviousness and unambiguity is an excellent virtue. It makes making money and becoming rich so simple and straightforward.

So without much further ado, let me "repeat" the list of those who are rated the best in each category.

Friday, February 20, 2015

Term Insurance policies turn complex, tricky and dangerous

As you know, Term Policies are the simplest, cheapest and the best form of insurance to take life cover.

Here, it is important to note that "cheapest" is not to be confused with "inferior". No, the low cost does not make the term plans inferior to other types of insurance policies, in any manner whatsoever.

In fact, term policies serve the primary purpose of an insurance plan i.e. to cover the risk to one's life. To this, if you add the feature called "investment", you get all other types of insurance policies such as endowment, moneyback, ULIPs, etc.

Wednesday, February 18, 2015

Your stocks safe and risk-free investments, in just two steps

Stocks are considered to be a high-risk investment.

Naturally, because by investing in equity, you are open to the risk of losing your entire capital.

But what if I tell you that
a) most people do not understand the "true nature" of the risk involved, and
b) more importantly, you can quite easily eliminate even this "inherent" risk in stocks.

Interested? So let's get cracking...

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