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Should you buy Guaranteed Income Plans for Life Insurance? Check Pros and Cons
Should you buy Guaranteed Income Plans for Life Insurance? Check Pros and Cons

The only con of guaranteed income plans is the overall return of the product is usually lower than its counterparts but that is mainly because of the insurance portion in-built into the plan

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Tips to save on motor insurance premium
Tips to save on motor insurance premium

You can explore pay as you go model and work on deductibles, too Do you own a four-wheeler but find commuting via public transport on a daily basis more feasible than driving? Or are you someone who owns more than one vehicle but usually drives one of them more than the others? If yes, here are a few tips for you to save on your motor insurance premium.

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10 ‘Ravanas’ you should burn this Dussehra to get rich fast, make your finances healthy
10 ‘Ravanas’ you should burn this Dussehra to get rich fast, make your finances healthy

Happy Dussehra 2021: An advice to remember especially when someone has just started out! Following a trusted expert or paying heed to market cues on future swings from a market leader, can help an investor to be watchful.

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 Buying health insurance for senior citizens? Consider these important factors first
Buying health insurance for senior citizens? Consider these important factors first

As one’s parents age, the hospital visits and ailments increase. In the backdrop of such a landscape, the best decision one can make for one's elderly parents and grandparents is to purchase a health insurance policy for them.

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 Planning to file ITR? Know how to prepare yourself for Income Tax Return filing for AY 2021-2022
Planning to file ITR? Know how to prepare yourself for Income Tax Return filing for AY 2021-2022

ITR Filing Tips for FY 2020-21 (AY 2021-2022): The deadline to file the income tax return for salaried or small business individuals has been further extended to 31st December 2021.

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3 reasons why you should choose ULIPs for accumulation of wealth
3 reasons why you should choose ULIPs for accumulation of wealth

Not everyone has the time and skills to manage their financial portfolio optimally. For such customers, ULIP provides an effective way to participate in the market as well as an insurance cover to deal with uncertainties of life.

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 How to improve your credit score fast
How to improve your credit score fast

If an individual’s CIBIL score has been falling, they might have taken financial decisions that have dented their score. To fix that, he/she first needs to understand what has affected the score.

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Your Money: Insurance – Peace of mind and tax benefits, too
Your Money: Insurance – Peace of mind and tax benefits, too

Section 80C includes an exhaustive list of investments on which you can claim tax deduction while filing for your taxes. Some of these are Employee Provident Fund, Public Provident Fund, life insurance and so on.

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RBI alert! Beware of frauds in the name of KYC updation. Check how you may be fooled
RBI alert! Beware of frauds in the name of KYC updation. Check how you may be fooled

The Reserve Bank of India (RBI) today cautioned people against frauds being conducted in the name of KYC updation. In a statement, the RBI said it has been receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of KYC updation.

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Income-Tax return filing deadline extended to December 31
Income-Tax return filing deadline extended to December 31

The due date of furnishing of Return of Income for the Assessment Year 2021-22 was July 31, 2021; it has now been extended to December 31, 2021.

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Income Tax Return New Rule: Senior Citizens Don't Need to File ITR if These Conditions Met
Income Tax Return New Rule: Senior Citizens Don't Need to File ITR if These Conditions Met

Senior Citizens above the age of 75 years, who only have pension and interest as a source of income, will be exempted from filing the income tax returns (ITR) for fiscal year 2021-22. The Central Board of Direct Taxes (CBDT) has now notified rules and declaration forms which senior citizens would have to file with the specified bank.

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PF, GST, PAN Card Linking: 10 Rule Changes to Overcome in September. Know More
PF, GST, PAN Card Linking: 10 Rule Changes to Overcome in September. Know More

There have been and will continue to be several rule changes this month. These changes come in the form of regulatory policies across banking, financial and even automotive sectors that will affect the day-to-day lives of the average citizen. With that said, here are the 10 most important changes that citizens have to contend with, in the month of September 2021.

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 Sold unlisted shares? Know the tax implications
Sold unlisted shares? Know the tax implications

As equity shares of a company are considered as capital assets, selling such shares would either result in a capital gain or capital loss.

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5 warning signs of incorrect credit card usage
5 warning signs of incorrect credit card usage

If handled carelessly, credit cards can adversely impact your financial health for a long time to time. These five common signs indicate you are using your credit card the wrong way.

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LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021
LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021

MUMBAI: Life Insurance Corporation of India has said that its asset base has crossed Rs 38 lakh crore with total investments of Rs 36,76,170 crore and a life fund of Rs 34,36,686 crore as of March 2021.

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PF, GST, Cheque Clearance: 5 Key Rules to Change from Next Month. Know Details
PF, GST, Cheque Clearance: 5 Key Rules to Change from Next Month. Know Details

As August comes to a close, the month of September brings new changes with it. From Aadhaar to the bank, to the price of LPG cooking gas, there are quite a few changes that will take effect as of next month. These new rules and implementations will be affecting your day-to-day life as well as changing the landscape of the economy somewhat.

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Independent Day: How to be financially independent with a good credit score
Independent Day: How to be financially independent with a good credit score

Having a good credit score goes a long way. Experts say a good credit score is a gateway to a smooth financial life. That is the reason many individuals actively seek information to manage their creditworthiness.

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How insurance can help you gain freedom from financial risks
How insurance can help you gain freedom from financial risks

This Independence Day, be well informed and choose to be free of financial worries by covering your risks with insurance.

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Financial Planning for Individuals: Five-point checklist to set financial goals for your future
Financial Planning for Individuals: Five-point checklist to set financial goals for your future

Here's a five-point checklist to help you set your future goals and build a unique plan for your financial freedom and security.

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7 types of health insurance plans: Features, benefits, how they work – Explained
7 types of health insurance plans: Features, benefits, how they work – Explained

Let's see 7 different types of health insurance plans and what they have to offer.

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Low credit score? Six tips to get a home loan yet
Low credit score? Six tips to get a home loan yet

Try to improve your credit score even if you get a loan with a higher rate at the beginning so that the risk premium gradually gets lowered during the course of the loan

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Retirement Planning: Are pension plans a good option for post-retirement planning?
Retirement Planning: Are pension plans a good option for post-retirement planning?

Pension plans are a combination of Insurance Plans with Annuity. Experts say the ideal way of investing in it is to start investing in the late 20s wherein the premium is relatively low comparing it with later years of age.

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Top life insurance mistakes even smart people make
Top life insurance mistakes even smart people make

From budgeting missteps and impulse purchases to inadequate contingency planning and much more, nobody is immune to financial faux pas.

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Deposit Insurance of Rs 5 Lakh: Customers to Get Money in 90 Days if Bank Under Moratorium
Deposit Insurance of Rs 5 Lakh: Customers to Get Money in 90 Days if Bank Under Moratorium

To provide relief to depositors in stressed banks like Punjab and Maharashtra Co-operative (PMC) Bank, Union Cabinet on Wednesday cleared the amendments in Deposit Insurance and Credit Guarantee Corporation Act, 1961, (DICGC Act). Depositors of banks under moratorium the will no longer have to wait for the Reserve Bank of India (RBI) to rescue the bank to access their funds.

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Bank FD: What the changes to Deposit Insurance Act mean for investors
Bank FD: What the changes to Deposit Insurance Act mean for investors

Under the amendment, depositors of a bank under moratorium will no longer have to wait to access their money All commercial banks and even branches of foreign banks operating in India will come under the purview of this Act

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 Top things you should know before co-applying for a home loan
Top things you should know before co-applying for a home loan

It is important to understand whether one should apply for a home loan with a co-applicant or as the sole applicant.

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4 key points to take note of while buying a health insurance policy
4 key points to take note of while buying a health insurance policy

In view of the exorbitant hospital and medical bills that are being accrued be it due to COVID treatment or any other medical reason, people have started not only opting for health insurance but also choosing the best health protection available.

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