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 digest the vo…
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 and disc…
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 “Unit Linked Insurance Plan” (ULIP). 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 much they wa…
Financial planning is critical for every individual, be it for providing financial aid to the family or securing a financial future for them. And with various financial product…
One of the most important rules of investing is that you shouldn’t have all your eggs in one basket. Diversification is the key word when it comes to proactive financial plann…
The way that millennials invest their money is very different from the way their parents did. Millennials tend to have a much larger risk appetite, and they look for innovativ…
"It is easier to talk about saving money than it is to put it into practice."
You’ve probably been told that if you start saving money in your 20’s, you'll thank yourself in your …
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The ongoing pandemic has ensured that people learned the hard way the importance of savings. There have reportedly been instances where people have had to break their fixed deposi…
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People with a low income struggle to save because they are either not left with enough after expenses or are not in the habit of saving. Irrespective of how people manage their fi…
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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 fac…
The importance of investing in life insurance cannot be stressed enough. Life insurance is designed to offer financial safeguards against death of the policyholder and also wor…
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 looking f…
What does your wish list look like?
Do you wish to buy your own home?
Do you wish to take a luxury family vacation?
Do you wish to own a high-end car?
Your wishlist need not be…
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 find one that …
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 comprehe…
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 delay to in…
‘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-race of…
Financial independence has a different meaning for everyone, depending on their circumstances and personalities. For some, it is career progression and job security, while for …
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 till the …
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 fundamentally …
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 investment world. I…
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, each of th…
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 save mone…
“Money is such an incredible teacher, what you choose to do with your money shows whether you are truly influential or incapable."
Well, if you use your money smartly you will …
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 festivities people b…
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 to travell…
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 products, eq…
ULIPs have emerged as an attractive investment option under the revised IRDA (Insurance Regulatory and Development Authority of India) guidelines. The cost and fees structure o…
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 find the …
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 array of invest…
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 keep doin…
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 consoli…
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 aware o…
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, and are…
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, he would not…
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 that will p…
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 integrated plan…
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 every alternat…
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 financial produ…
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 equities. By th…
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 investing before. …
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, however, co…
A Unit-Linked Insurance Plan (ULIP) is an innovative, two-in-one product offering that provides you with an insurance cover as well as an investment opportunity…
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 risks s…
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 offer life…
Manish had purchased a ULIP five years back. He had accumulated a considerable corpus by now and was happy with his investment. However, with the uncertainty in market conditio…
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, investing in a si…
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 professionals are now …
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 amount gets …
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 this ULI…
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 while also …
Switches are options given to policyholders of ULIPs to move their investments from one fund to another, within one plan. You can transfer units fully o…
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 advantage of…
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 instruments, whic…
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 investment instru…
Traditionally in India, life insurance has always been looked upon as an investment product. ULIPs were launched to satisfy investors’ needs of owning an insurance…
Varun Behl, 65, was urged to buy a 10-year unit-linked insurance policy (ULIP) policy by his relationship manager. The annual premium paid towards the ULIP was Rs. 1, 20,000. U…
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 most popular …
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 herself earning…
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 to make th…
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 fulfils thi…
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 liquidate the …
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 confused now …
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 investing in …
Before the Union Budget was announced, ULIPs were tax free under Section 10(10d). So what happens is that from maturity to early surr…
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 period or d…
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, investo…
