If you love to run, there are a few things more frustrating than not being able to do just that. Hopefully, if you do find yourself on the sidelines due to injury or lacking an upcoming event in your race…
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CEIC DATA indicates in the above image that savings in India are drastically declining. In March 2009, India's gross savings rate was 36.41%, but it has since declined to 31.379% in March 2020. These numbers draw attention to improving your…
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Retirement is not the end of the road. It is the beginning of the open highway! The human life cycle has three financial stages. The first stage is childhood, when you earn nothing. This is when you build a foundation…
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The tax system in India is progressive, meaning that as taxpayers' income increases, they end up paying higher taxes. Whereas, the taxpayers who fall into the low to medium tax brackets can save a significant amount of money. Tax slabs…
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Inculcating the habit of financial planning from a young age enables children to be money smart. Parents should familiarize their children with the basics of prudent financial planning. By doing so, children will grow into financially independent individuals over the…
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Your life insurance policy is a contract between you (insured) and the insurance company (insurer). The contract is filled with jargon. To the extent possible, we must understand all the terms mentioned in the policy bond (certificate). ‘Assignment’ and ‘Nomination’…
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A HUF includes the Karta (the head of the family), and Coparceners (all the family members). Hindu law defines a HUF as a family of all persons who come from a common ancestor, including their wives and unmarried daughters. HUFs…
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Unlike in developed countries, where the government takes care of the elderly, there is no social security system in India*. The outdated idea of public sector undertakings (PSU) jobs being future-proof due to pension eligibility no longer exists. In such…
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In India, life insurance is traditionally sold as a policy for the principal earning member of the family—men. However, things have changed now, and many women work to earn a living. In some cases, they are even the only earning…
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Worried about missing your insurance payments? If you struggle to make your insurance payments on time, don't panic! There are a number of ways to ensure that you don't miss your insurance payments. Insurance firms insure your assets in return…
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Reportedly, the amount of unclaimed life insurance payouts in India has grown 1.5 times throughout the last few years. As of December 2020, over INR 1,50,000 cr1 of insurance money is lying unclaimed in Indian banks and other financial firms,…
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Risk is at the core of every activity you undertake in life. Every aspect and decision in life has an inherent risk involved. However, have you ever wondered if your absence poses a financial risk to your near and dear…
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