When you decide to invest your hard-earned money, it's tempting to look for investments that speak of "huge returns" in a short period. Though you do have a probability of making a large return, you have a much larger probability of losing your money.
Hence, many investors shy away from taking risk and invest in safer options, especially, the investors who prefer to be safe than sorry. Safe investors usually find it difficult to dige…
Many Individuals aspire to become a millionaire, but only handful of them push themselves hard enough to achieve this goal. Today, when being a billionaire is the new focus for the wealthy, becoming a millionaire is a possibility for many, and it generally boils down to rational thinking and occasional calculated risks. Moreover, there are no tricks or scams involved in getting that millionaire tag, just good old-fashioned consistent a…
Ask any person which type of life insurance he/she purchased in the past year or so and the chances are high that the answer you get will be . ULIPs have been selling like 'hot cakes' in the past few years,and they are probably going to keep on outselling their plain vanilla counterparts going ahead.
As far as investing in ULIP is considered, there are two types of investors. First, who know how m…
Unit Linked Insurance Plans or ULIP offer dual benefit of life insurance and market-linked returns, in a single investment. Investing in ULIP give you the flexibility of…
Who does not want to create wealth? Everyone wants it but many struggle as they believe that only people having high salaries or having large businesses can achieve it. …
The importance of investing in life insurance cannot be stressed enough. Life insurance is designed to offer financial safeguards against death of the policyholder…
Naresh and his wife were recently blessed with a beautiful healthy baby girl. Realising that it was now finally the time to secure his family's future, Naresh started lo…
What does your wish list look like?
Your wishlist…
Imagine you are on the lookout for the perfect wedding outfit for an important occasion. You can't possibly buy the first thing you see, now can you? You need to fin…
Making a personalized investment plan requires a little more than simply building up an investment account. In order to design a plan that is right, it's imperative to c…
The last-minute rush can cost individuals a pretty penny, especially when it comes to tax-saving. And, what do you believe is the explanation behind such remarkable dela…
‘Making money’ and ‘making your money work for you’ are two different things and each one is as thought-provoking as the other. Often people are so caught up in the rat-…
Financial independence has a different meaning for everyone, depending on their circumstances and personalities. For some, it is career progression and job security, whil…
Do you get put off when people talk about investments? If your answer is yes or may be , we recommend that you go through this article with a hope that you stay awake ti…
When it comes to investing,often two products are talked about the most, Stocks and Unit Linked Insurance Plans (ULIPs).Clearly different, yet these products are fundame…
If the agony of the recession is fresh in your mind and your stomach churns at the thought of suffering losses, you would rather want to play it safe in the investme…
Ever wondered why certain combinations like coffee and bagel, burger and fries, idly and sambhar or mac n cheese are a cut above the rest? It’s because individually,…
The basic key to financial prosperity is timely savings. Which is why making efforts and finding out ways to save your hard-earned money is essential. One such way to sa…
Diwali is just around the corner, and it’s time for colourful decorations, blingy lights, mouth-watering sweets and more importantly, tons of gifts. During festiviti…
As a child, Ankita had always wondered why her mother was so fanatical about saving. She had hated the fact that her mother refused to buy her expensive toys she craved,…
Suresh, 27, works for one of the largest IT companies in the country. He likes to travel and has a passion for photography. Naturally, he allots a bulk of his salary…
In the world of investments, risk and returns go hand in hand. Therefore, the higher the risk, more is the return on investment.
Regarding market-linked investment pro…
ULIPs have emerged as an attractive investment option under the revised IRDA (Insurance Regulatory and Development Authority of India) guidelines. The cost and fees stru…
Finding a clear direction to grow wealth or to create a financial shield to protect our family during tough times can be difficult. As an investor, it is important to fi…
As he reached his mid-thirties and his kids started school, Rajan decided he needed to begin diversifying his investments. He had never really utilised the wide arra…
Your child has dreams. He or she might want to explore the space, scale Mt. Everest or even conquer the whole world. And as a parent, you would want to make sure they ke…
Manish’s father always had one piece of advice for him growing up. “Don’t make the same mistakes I made. Make sure to start your investments early, so that you can reap …
Ashok was planning to invest in a Unit-Linked Insurance plan (ULIP) to have an insurance policy which would also provide returns on a part of the premium. Though he was …
Tejas and Prachi recently made their friends and families very happy when they announced their engagement. The couple met on their first day of college, five years ago, …
Sumarg, aged 45 works in a private firm. In ten years from now, he plans to perform his daughter’s marriage but has no funds saved up yet for the big event. At 55, h…
A Unit-Linked Insurance Plan (ULIP) is a product that offers a dual benefit of insurance and investment. By opting for a ULIP, you will be paying a periodic premium …
United-linked Insurance Plans, or ULIPs, have turned out to be a popular investment as they provide the features of both insurance and investment under a single inte…
Anuj, aged 35 years, is single and unmarried. He works as a media consultant and is a spendthrift who has a fetish for electronic gadgets. He also loves partying eve…
If you’re a new entrant into the world of financial services, or have just begun to invest and save, you know how confusing the process can be. With hundreds of financia…
Jerry aged 27, has no savings so far, and wants to invest in a savings plan. For the sake of higher returns, he purchased a ULIP that invested only in high risk equi…
When Priyanka first bought a ULIP plan , she was excited about starting her investment journey. She had just gotten her first job and never tried her hand at investi…
Harish was planning to invest in a Unit-Linked Insurance Plan (ULIP) to have an insurance policy, which would also provide returns on a part of the premium. He was, howe…
Laxmi, aged 45 years, is a widow who runs a supermarket, and wants to build a savings corpus that can sustain her when she hangs up her boots at 60. Given the financial …
Unit-Linked Insurance Plan is a product that offers dual benefits of insurance as well as investment. In this case, the premium paid is divided into two parts—one to off…
ULIPs come with a lock-in of 5 years which can help you inculcate a habit of disciplined investing. Since ULIP is a long-term insurance contract, investin…
Goal-based investments are crucial for investors who closely track their corpus and want to see it grow steadily over time. An increasing number of young professiona…
ULIP is a mix of both investment and insurance. As a hybrid product, a part of the premium paid in Unit Linked Investment Plan goes in life cover and the remaining amoun…
Sandeep, a 35-year-old advocate purchased a 10-year ULIP type-I with an annual premium of Rs. 1,20,000 and a sum assured of Rs. 12,00,000. The death benefit payable in t…
Unit Linked Insurance Plans (ULIPs) have enjoyed an increasing popularity over the years due to their hybrid nature which provides you the assurance of a life cover whil…
Switches are options given to policyholders of ULIPs to move their investments from one fund to another, within one plan. You can transfer unit…
ULIPs can be considered as those useful financial tools that can be used to bridge the gap between the various investment options along with the added adv…
Most investors invest in ULIPs as they are most viable tax saving instrument, It is so because they are a hybrid of both insurance and investment instrume…
Most investors invest in ULIPs as they are one of the most viable tax saving instrument. It is so because they are a hybrid of both insurance and investme…
Traditionally in India, life insurance has always been looked upon as an investment product. ULIPs were launched to satisfy investors’ needs of owning an …
As far as investment in India is concerned, NRIs can very much invest in ULIPs as per the Foreign Exchange Management Act (FEMA). They are considered as among the mo…
Kriti had been working for a couple of years and had not hit the tax bracket yet, so she did not have to worry about deductions. After switching jobs, she found hers…
In 2010, the Insurance Regulatory and Development Authority of India increased the lock-in period of ULIPs from three to five years and undertook additional measures…
One cannot stress enough on the importance of choosing a good policy that meets both your insurance and investment needs. If you are looking for a single plan which …
Unit linked insurance plans come with a lock-in period of five years. A lock-in period is the time-frame, i.e, five years, when the plan holder can’t withdraw or liq…
Dilemmas are a part of our lives. Be it choosing between a wide array of evening snacks, a favorite sportsperson, or a favorite band to listen to — we tend to get confus…
Mr. Sharma retired at the age of 55 years, after a long and successful career as an architect with a prestigious firm. Goaded by his wife, he was anxious to start invest…
Before the Union Budget was announced, ULIPs were tax free under Section 10(10d). So what happens is that from maturity to e…
ULIPs require a minimum investment of about Rs. 1,500 per month. However, ULIPs have a lock-in period of 5 years, which means premiums have to be paid for that time peri…
The highlight of The Union Budget for 2021-22 certainly is Finance Minister Nirmala Sitharaman announcing several proposals that would work in the favour of depositors, …
