Now that Diwali is right on out doorsteps, it is time to embrace it with the right fervour. The colourful diyas, the glittering outfits, the cacophony of crackers, and the fragrance of sweets that hangs in the air – this is what defines Diwali in India. However, what most people forget is that Diwali is much more than this. It is an emotion. A symbol of goodwill, a reaffirmation of hope and happiness. Diwali stands for bringing light to all those who are in the dark. Most of all, it is a welcome … [Read more...] about This Diwali Be Thoughtful and Gift Something Beyond Crackers
If you want to secure the future of your children and spouse, life insurance will be an essential element of financial planning. It will also give them financial independence during an unforeseen event, or give wings to their dreams. In short, life insurance offers risk cover so that your family can continue living a happy and fulfilled life even after you. Life insurance is divided into two main categories—whole life insurance and term insurance. Let us understand which of the two is … [Read more...] about Whole Life Insurance Vs Term Insurance: Which is Better?
Whether one should go for a term insurance or an endowment plan, most insurance seekers find it difficult to decide which insurance plan to buy. They often wonder what kind of life insurance would be the best for them. If you find yourself facing the same dilemma, we’re here to help you make the right decision. But before that, let’s discuss in detail on the several life insurance policies: A life insurance policy can be of many types, such as: Whole life insurance plans Unit … [Read more...] about How are Endowment Plans Different from Term Insurance Plans?
Being married is a new, exciting phase of life. It is a time when you are building hopes and dreams together. That is why, being prepared for unforeseen possibilities as a couple is the wise thing to do. Considering you have just tied the knot, a term insurance is the perfect option for you. By securing the future of your spouse with a term insurance policy, you’re helping them embrace a strong and fulfilled future. Why term insurance? The status from ‘me’ to ‘we’ brings on a lot more … [Read more...] about Why Newlyweds Should Consider Buying Term Insurance?
Investing your money wisely early on in life is one of the best things you could do for your future self. This not only secures your future but also helps curb unnecessary expenses. While you may feel the pinch of curbing expenses for now, you will thank yourself in the future for doing so. Before we get into the nitty-gritty of any investment, let us first understand what a long-term investment really means. A long-term investment is a kind of financial investment you make for over a long … [Read more...] about 7 Smart Ways to Invest your Money for the Long Term
‘Tis the season of festivities! The nine-night long energetic run of Durga puja melted in a galvanizing Dussehra, which arrived hand in hand with muharram marking a new beginning. And it won’t be long before Diwali knocks at our doors escorting good old values in a new platter. Dress your days in orange, green, or better still go for white as December arrives, but each of these festivals will convey only one path—from darkness to light, from ignorance to knowledge, from fear to … [Read more...] about This Diwali, Celebrate Life with an Insurance
Income tax is defined as the tax imposed by the Government of India on anyone who gets income in India. In simple terms, suppose if your parents, since they run the family, make it compulsory for you to contribute a small part from your earning to pay for the family’s common spending, such as electricity bill, house rent, etc. This will make you a responsible member, right? Similarly, this is what is exactly done by the government. The revenue contributed in the form of taxes is used for the … [Read more...] about Tax Paying is not a choice, it’s a necessity
The Merriam-Webster dictionary defines the word ‘tax’ as—a charge usually of money imposed by authority on persons or property for public purposes. The tax structure in India is a three-tier federal structure. The central government, state governments, and local municipal bodies make up this structure. Article 256 of the constitution states that "No tax shall be levied or collected except by the authority of law". Hence, each and every tax that is collected needs to backed by an accompanying … [Read more...] about Tax Structure in India, Explained
When I’m happy it swells with pride, when I’m sad it dwindles due to pain, and when I’m afraid it skips a beat or two—my heart experiences every bit of my existence. If that was not a concern enough, it is only as strong as my security-cover. Every time I am careless with my decisions, it suffers. Financial savings, emotional support, house, car and a secure job, the package sounds like security. However, it is a bewildering life with as many shocks as surprises, perhaps more. This is where … [Read more...] about 10 Things That Will Make Your Heart Skip a Beat