Under the Section 80CCC and Section 80CCD (1B) of the Income Tax Act 1961; you are eligible for availing tax deductions of up to Rs. 1,50,000 + 50,000 in a financial year. That said, tax deductions accrued against retirement savings…
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3.3K
Nishtha’s mother had recently been detected with uterine cancer. Between visits to the doctor, getting her medicine, and taking her mother for routine check- ups, Nishtha could not help wondering why her mother had been afflicted with this life threatening…
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4.5K
Ramesh, 50, does not have many years left to retire. He has been diligently planning for his retirement, saving a part of his income and investing in various savings schemes and financial instruments. On the advice of a friend, he…
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5.9K
In their 20s, young people are full of hope and optimism towards their future. They tend to be adventurous and don’t shy away from taking bold steps in their personal or work life during their 20s. The display of optimism…
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3.4K
When you reach the age of 35, almost settled or well-settled with a family, that is when you really understand the importance of financial discipline and planning. If you were careless with your finances, of course you will regret your…
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1.1K
Shirin has just begun her career with a marketing firm, and she plans to make a saving investment that can provide some tax benefits too. As an investment rookie, she decided to go by word of mouth and purchased a…
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Why should you invest in ULIPs? Education costs have gone up due to inflation. If you look into admission fees for engineering colleges or for getting an MBA, a degree would cost around 30 lakhs and 50-60 lakhs respectively. Most…
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Ritesh, a 30-year-old marketing professional, is happily married with two children. He is known for staying two steps ahead of his peers, be it personal or professional life. He recently purchased a Unit-linked Investment Plan (ULIP), which would not only…
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1.3K
In India, life insurance was first introduced more than a century ago. Even though our country is one of the most populated country in the world, the importance of insurance is not as well recognized as it should be. Below…
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1.7K
ULIPs have come a long way since their inception in India when they had a three year lock in period, high premium allocation and fund allocation charges and an offline purchase with commission charges. The low cost ULIPs of today…
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1K
Subah was confused lately. She had been looking for an investment product that could help her create wealth over the long term. However she could not make up her mind with the plethora of options available to her in the…
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