Category: Personal Finance

ELSS vs ULIP’s – Which Tax Saving Option is better?

The most popular and beneficial tax saving method adopted by individuals is to make use of the Deductions allowed under Section 80C. Section 80C allows for a deduction of up to Rs. 1.5 Lakh per person per annum provided the...

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Renewing your bike insurance online: Dos and Don’ts

Buying a bike insurance policy is a simple enough task, but have you tried renewing the policy online? If you haven’t already done so, and the policy is up for renewal, do read our simple guide on how to do...

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Things to remember when buying Car Insurance in UAE

If you own a car in UAE, then it is mandatory for you to have a car insurance. Here are the points which you need to keep in mind before purchasing any car insurance 1. Policy Type and Plan Details...

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Benefits of Using Demat Account

The concept of demat accounts was introduced in India in the year 1996. Prior to this when digitalisation was not a norm, shares and securities were kept, issued, and traded in physical form. During that time, traders had to undergo...

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ULIP vs Mutual Fund: Feature Comparison

There has been a debate on whether a unit-linked insurance plan is better than a mutual fund for decades. Now, after the LTCG tax, the insurance companies are highlighting that ULIPs are categorized under tax-free section. However, the tax-free nature...

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Questions To Be Asked Before Buying Term Insurance

Insurance policies and plans are more than an investment for an individual. They are a symbol of assurance that their loved ones will be well taken care of in the unfortunate event of the individual’s death. Term insurance is a...

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1 out of 5 people staying in Urban Areas forced to borrow to cover Hospitalisation Costs reveals study

The costs of medical treatment and hospitalisation costs have been increasing at a very fast pace. They have been increasing at such a fast pace that a lot of people end up borrowing money to pay these costs. The Central...

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Rights of Daughter in Father’s property if he dies without Will

Daughter’s right in her parents property has always been debatable. Earlier, the law prohibited the daughters from inheriting the property of the parents. It was only the sons who were entitled to be a successor in their parents’ property. They...

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How is Home Loan EMI Calculated?

Home Loans have now become an integral part of our lives. The land rates have become so expensive that it is very difficult for any person to purchase real estate property without taking a home loan. Banks give Home Loans...

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Tax on Guaranteed Income Plan

Guaranteed Income Plan is a type of savings plan cum insurance plan that promises guaranteed annual income after a fixed period. It is non-linked, non-participating endowment plan where the policyholder pays the premium until maturity and gets a regular payout...

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