Insurance and its Tax Benefits
Saving taxes is everyone’s predominant motto when it comes to investments. Thankfully, the Income Tax Act 1961, has allowed various types of investment avenues to be exempt from the purview of income tax. If you choose these avenues for investment, you can earn tax exemptions and deductions on the amount you invest, the returns generated and the benefit you get. When it comes to...
7 Habits That Make Life Insurance Costly!
Awareness about Term Life insurance has increased manifold. Many people are either already insured or wanting to insure themselves. Buying term insurance is very convenient nowadays. With the ease of online insurance plans and Low-cost insurance, it has become an important part of a long term personal financial plan. While the loss of a near & dear one is emotionally devastating, term life...
Things to Know Before Buying an Endowment Plan
Many of us are impulsive buyers and a lot of the times we end up spending on a whim. We buy things which we may or may not need in the future. While treating yourself to such pleasures is in no way a sin, one should give equal thought to securing their future. If you relate to this, buying an Endowment Plan could be the solution to your savings and future security. People who have a steady...
TERM LIFE INSURANCE OR WHOLE LIFE INSURANCE
Life insurance plan is one of the best types of investment that a person can make to ensure the better future of their family and the members that are dependent on you. Life insurance provides you the financial support that your family members require when you are not around to take care of their needs. The financial support is provided in the form of the life insurance coverage. There are...
Complete Guide for buying Health Insurance Plans
Health insurance policy has become a fundamental requirement of every individual, thanks to the inactive life lifestyle most people tend to live today. This too is a reason why people are really worried about their health as a matter of fact. Therefore, they consider a lot of options when thinking of buying any health insurance policy. Health insurance plans protect you during an...
Things To Consider Prior To Purchasing A Health Insurance In India
In the modern era of inflation, it becomes imperative to seek out a decent health insurance cover especially if you wish to safeguard yourself as well as your loved ones from falling prey to skyrocketing healthcare expenses. Apart from providing you with adequate peace of mind, it also offers the best chance of recovering back both physically and financially if anything unfortunate happens....
4 Things To Consider Prior Purchasing Term Insurance
Smart investors never fail to set realistic and long-term financial goals to ensure a secure future for themselves as well as their dependents against all unforeseen events. They do the same by investing in term insurance plans which is nothing but life insurance in its purest form for rendering comprehensive financial protection to your loved ones. However, in most of the cases investors fail...
STILL RELYiING ON HEALTH PROVIDED BY YOUR EMPLOYER?
Health planning is very important as you may never know what is beheld in the future and you are always unaware about the uncertainties and casualties in your life. This is why it is recommended to every individual to have a health insurance. Health insurance is beneficial for you at the time of any medical casualty and you need money for the treatment. The health insurance, for which you are...
Insurance – For Protecting A Smile Or For Saving Tax?
It is always best to do your tax planning at the start of the new financial year. However, this year most of us could not make the required investments in the beginning owing to cash crunch. This inability was the outcome of the lock-down amid Covid-19. But now as we are in unlocking phase, we should also pay attention to the financial chores that we had put on hold. It is suggested that you...