Buying a car insurance policy will safeguard your financial interests in case of certain unfortunate incidents related to your car. The premium paid by each policyholder might differ due to the way an insurer will calculate car insurance premium. To arrive at a certain amount a car insurance premium calculator is.Continue reading “6 Factors That Define Car Insurance Premium Calculation”
The primary objective of tax planning is to minimize your taxes while maximizing the returns on your investments. As per the Income Tax (IT) Act, taxes are levied at different rates based on your income. However, the act also provides certain ways in which you may minimize your liability by investing in tax-saving instruments.
If you own a health insurance policy to safeguard the health of your family, it is important to ensure that you renew the policy on time. If you fail to renew the same, the policy could lapse and you might not be eligible to get the benefits of the same in the future. It is very important to renew the policy on time and there are certain factors that you need to keep in mind when doing the same. Explained below are the seven important factors you need to consider while renewing your health insurance policy.
Whether you are a new investor in the market or are the last-minute tax planner, there is one product, which will fit all your needs. Out of all the products available in the market, Unit-Linked Insurance Plan (ULIP) is one product that offers a number of benefits and is a dual performer. The plan offers an insurance cover and an investment benefit. This means you do not have to buy a separate insurance policy and can enjoy the same benefit in a single investment plan. ULIPs are highly preferred by investors with long-term goals. They are also the first choice for last minute tax planners. In ULIPs, the returns from the investment are not taxed.
Volatility has become synonymous with equity markets these days. It is making the investors apprehensive about the stock markets, so much so that retail investors are ready to forgo the handsome returns in lieu of stability. Technically speaking, volatility is the unpredictable and dynamic change in the trading price of the stock markets. Volatility is caused by multiple factors, which could be related to micro factors such as the company’s business condition or macro factors such as geopolitical issues and economic downturn. Most of the times, markets tend to give a knee-jerk reaction to the information or news,which causes short-term volatility.Continue reading “Know How to Weather Market Correction with ULIPs”
Who doesn’t like additional benefits? Whenever we go shopping, we constantly look for offers and add-ons. Anything that we get over and above the promised services elates us and makes us feel content with the value for money.Continue reading “What are Riders and How They Enhance Your ULIP Options”
People around the world rarely ever buy a house without the aid of any loan. This is primarily because home loan gives borrowers a chance to continue living a comfortable life. There are many types of housing loans that you can choose from while applying for a home loan. However, many prospective buyers fail to do a thorough research and learn about the types of home loans available. Choosing the right type of loan could help you get a good amount of savings on the fees, down payments and interest. And who wouldn’t want that, right?Continue reading “Types of Home Loan You Should Know About”
Most people start accumulating debt when they get that first credit card for emergencies only. Over time, they get into more and more debt acquiring consumer items, some of which are important, while others aren’t. Other debt includes mortgages that most Singaporeans take to purchase their homes, student loans, car loans and so much more.Continue reading “How to Get Out of the Debt Trap – 7 Easy Habits Everyone Can Develop”
Banks and institutions that provide loans always come up with new ways and forms that help meet the needs of several home buyers. However, before you apply for a home loan, you should have an understanding about the most important aspect of the loan – the Equated Monthly Instalments (EMIs). You need to calculate your EMIs beforehand in order to prepare yourself for the future.Continue reading “How to Calculate EMI on Home Loan?”
Are mutual funds or Unit Linked Insurance Plans (ULIPs) better? There has been much debate about this topic. Both offer the benefit of long-term wealth creation and market-linked returns. Over the past years, the performance of these two financial vehicles has fluctuated, given the market volatility and regulations.Continue reading “ULIP or Term Insurance with Mutual Fund: How to Choose the Right Option”
Considering the present financial situation, where RBI shares a rather cold relationship with the Indian government, Kotak Bank chief, Mr. Uday Kotak is left with no other alternative than to liquidate his shareholding to <20%. This has to be done to comply with RBIs promoter shareholding regulations.
The stock market has always been a preferred investment avenue for many. Considering the higher returns and market volatility, investors choose to invest in stocks for tax benefits and faster wealth maximization. Investors were issued physical certificates by companies in the past and the same has changed into de-materialized certificates where the securities are credited and debited from the trading account held by the investor in a bank.Continue reading “Here’s How You Can Consolidate Multiple Demat Accounts”