Converting your employer group health insurance into an individual policy- Is it Important?

Converting your employer group health insurance into an individual policy- Is it Important?

Insurance policies, as we all know, have become a necessity in everyone’s life and many of us are benefitted by being covered with an insurance cover provided by our employer. Though the benefits at the outline remain the same, group health insurance policies and individual health insurance policies are entirely different from each other. The clauses are aplenty and their implications catch you unawares just when you want to avail the benefit. A simple comparison between these two kinds of policies based on the terms that they are applicable upon…

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Getting married? 4 money goals for you

Getting married? 4 money goals for you

Financial planning need not be boring or solely be a man’s job. It can be made fun and be used as another way to increase a married couple’s closeness and happiness! Try it! So you have found your soul mate and are going to take your connection to the next level by getting married? Congratulations! While you are planning for a lifetime together, jotting down dreams, and devising strategies to make the journey worth the while, may we suggest that you include financial planning in your agenda as well? Yes,…

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What you need to do to save enough for your Child’s Education?

What you need to do to save enough for your Child’s Education?

Best Investment Instruments & Strategies for Saving for a Child’s Education Providing the best education to their children is every parent’s dream and one of the biggest goals. But are you saving enough or investing in the right instrument to achieve this goal? From child plans offered by insurance companies to the Sukanya Samriddhi scheme for girl child, there are a plethora of investments in the market. So which option to choose and how much to invest are the most critical questions. First, you need to set a target. It…

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Income Tax – Bust the Myths with Facts

Income Tax – Bust the Myths with Facts

Knock, Knock … who’s there? It’s the Taxman because we are in July. Many of us dread this knock on the door this time of the year. The terms ‘Deduction’, ‘Under Section’ and ‘Taxable Income’ can look perplexing to the tax paying Indian. Ignorance and misconceptions are the primary reasons for this confusion and fear. Let’s look at busting some of the tax myths and misconceptions so that the Income tax filing exercise for AY 15-16 is a matter-of-factly and fearless one.   Myth 1: Income Tax Filing is complex,…

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Why PPF Interest Rate Could Fall To Lowest In Nearly 40 Years

Why PPF Interest Rate Could Fall To Lowest In Nearly 40 Years

PPF – Interest on the most popular small saving scheme might hit a 40 year low In what could be a big setback to the common man, interest rate on one of the most popular small saving schemes – public provident fund (PPF) – could fall below 8 per cent, a level never seen since 1979. The interest rates on small saving schemes such as PPF are tied to government debt securities of corresponding maturities. The yields on 10-year benchmark government securities are hovering around three-year low of 7.30 per…

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