Planning to buy a child insurance plan? Know these myths to make an informed decision, says Yashish Dahiya
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
Should you invest or not in these avenues in 2011? Find out...
2010 was indeed an eventful year from the personal finance perspective. The year had its share of controversies, forward looking policies as well ones which will pinch your pocket more in days to come. Here is a look at top 10 news items (in no particular order).
The idea of retirement planning with a pension plan assures regular income to the policyholder in the form of pension or annuity.
Regulators are expected to work within their domain, says Pranab Mukherjee.
The insurance industry will remember 2010 as an eventful year in which insurance regulator Irda came out on top in a turf war with market watchdog Sebi over the regulation of Unit-Linked Insurance Products, with the end result of such schemes becoming investor-friendly.
After setting stiff norms for unit-linked insurance plans, the Insurance Regulatory and Development Authority is planning to cap charges on traditional products within three months.
Here's what you must know about filing your tax returns.
Naval Goel explains all that you wanted to know about life insurance but didn't know who to ask
At a time when central banks around the world are getting empowered to deal with a range of market- and growth-related challenges, it is disturbing to see the government of India use the subterfuge of a weekend ordinance to diminish the status of the Reserve Bank of India (RBI).
It's an undeniable fact that after enactment of GST, buying insurance will become a little expensive impacting your term plans, health plans and motor insurance plans the most. But you should not ignore the importance of insuring your life, health, vehicle, says Harjot Singh Narula
Financial planning expert Vetapalem Sridhar's advise on how the young should plan their investments.
Of the existing set of potential leaders, Bakhshi was clearly the only choice as he beat out other high-level candidates that included executive directors Anup Bagchi, Vishakha Mulye, NS Kannan, and Vijay Chandok who were lacking the all-round game that Bakhshi has.
Here's how you can plan your returns better by investing in mutual funds and the best mutual funds to invest in.
Don't get lured by the concept of highest NAV guaranteed. Here are a few questions you must ask to seek the truth behind such schemes.
Though it has been more than six months since the ban on entry load on mutual funds (MFs) came into force, independent financial advisors (IFAs) are still shying away from selling MFs.
'In FY21, as of October, LIC has booked a profit of Rs 18,800 crore through sale of equities.'
Here are the main steps when deciding the right insurance cover for you.
Insurance regulator IRDA on Friday said it is likely to finalise the guidelines for mergers and acquisitions of insurance companies in the next two months.
It is that time of the year when you have to declare your investments to claim deductions. Take well-considered decisions.
It is that time of the year when you have to declare your investments to claim deductions. Take well-considered decisions.
The minimum entry age for both plan is 18 years.
While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
If you understand industry trends, invest in blue-chip stocks.
The move comes amid complaints that high returns are being promised by life insurers on ULIPs accompanied by non-existent guaranteed returns.
They want to take advantage of the few days remaining before the IRDA's new guidelines on Ulips come into force. What has also added to the rush is the fall in the sale of big-ticket, single-premium covers and Ulips in the current financial year as individuals are holding on to big-ticket purchases, especially where the returns are linked to the equity markets. For insurers, big-ticket policies mean a lower lapse rate and it translates into higher commission for agents.
It is important to ask the right questions before deciding where to put your savings.
Endowment policies give better returns than most fixed income products in the long run.
There is little doubt that the policy offers some interesting features, but these do not come for free, policy holders have to pay for the same by way of higher premiums.
With an increasing variety of investment products in the market, a personal money manager is what you need
The growth in new business premium for private sector players slowed down to 53.6 per cent y-o-y for March 2008 compared with 90.5 per cent y-o-y for the period beween April 2007 and February 2008. That dragged down the growth for the full year of 2007-08 to 83.7 per cent from 103.8 per cent in the prvious year. The slowdown was more marked for public sector Life Insurance Corporation.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The best way of going about it is going for term insurance. This product gives your life cover but no returns if you outlive the expiry date of policy.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
Though deferred annuities are mostly sold as pension plans/income generators and tax saving devices, you can safely ignore such plans
Most of the times, NFOs are gimmicks to mobilise more assets, says Rahul Goel, CEO, Personalfn.com.
Here we discuss two tools that if used optimally can save you heavy taxes. Both when used simultaneously create such synergy in tax savings that it is really mind-boggling. Read on. . .
Have money? Here's what not to do with it. . .
With the tax-planning season in progress, you should brace yourself for a lot of 'noise' that you will soon be subjected to. The noise will come from various quarters. Mutual funds will hawk tax-saving funds (also referred to as equity linked saving schemes), while insurance companies will pitch in for ULIPs (unit linked insurance plans) and endowment plans.
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