Guide to ULIPs: Unit-Linked Insurance Plans, Fees, and Benefits
Mini Balakrishnan
A select few categories get all the attention when people talk about investing to save money on taxes under Section 80C of the Income Tax Act. Among these are the Sukanya Samriddhi Yojana, the Employee Provident Fund (EPF), the Public Provident Fund (PPF), the National Pension System (NPS), and the Equity Linked Savings Schemes (ELSS). […]
Employee Provident Fund (EPF): Benefits and Claim Process
Mini Balakrishnan
The Employee Provident Fund (EPF) is an employee fund administered by the Employee Provident Fund Organisation of India (EPFO). It requires both the employee and the employer to pay a certain sum of money at regular intervals. The part of your pay that does not go directly into your hands is something you likely already […]
National Pension Scheme- NPS Features & Benefits
Mini Balakrishnan
Planning for retirement is one of the most important financial responsibilities in life. Unlike regular savings, retirement planning ensures that you have a stable income even when your active earnings stop. In India, where there is no government-supported social security system, building your own retirement corpus becomes essential. With nuclear families becoming the norm and […]
How to Secure Health Insurance When Changing Jobs
Mini Balakrishnan
If you are having a group health plan it means that your employer pays the policy premium for you. But what happens when you decide to move to a different job? As you might know, the employee group health insurance or the employee insurance is valid only till the employee stays with the company that […]
How Insurance Can Protect Your Assets Against Natural Calamities
Mini Balakrishnan
Natural calamities, in general, are unexpected events caused by nature itself including events like earthquakes, floods, cyclones, landslides, tornadoes, hurricanes, storms, etc. which have an impact on a lot of sufferings, deaths, and damages. Unfortunately, mankind has mingled with nature in such a way that nature has started reacting in these ways including climate changes, […]
Why Buying Term Insurance Early Is Always a Smart Move
Mini Balakrishnan
When is the right time to secure the financial security of your loved ones? “As soon as possible” is perhaps the best way to answer this question. In the wake of recent global pandemics, it is clearer than ever that having a good life insurance policy is an absolute must. Purchasing a life insurance policy […]
Top Investment Plans in India for higher Returns
Mini Balakrishnan
When choosing an investment plan, the primary focus should be on how effectively it secures your future financial needs. A good plan should not only help you clear existing debts but also support major expenses such as your child’s education, marriage, or retirement planning. With the right approach, you can align your investments to ensure […]
What Is ELSS And How To Invest In It?
Mini Balakrishnan
ELSS is an equity-linked savings scheme. It is a type of mutual fund investment scheme that offers tax benefits under Section 80C of the Income Tax Act in India. ELSS funds invest primarily in equities, or stocks of companies, and have a lock-in period of three years. Is investing in ELSS funds risky? ELSS investments […]
What Is Grace Period In Insurance?
Mini Balakrishnan
5 Health Insurance Tax Benefits: What You Need to Know
Mini Balakrishnan
When you give priority to your health and opt for an Insurance Plan that protects your financial issues without you having to spend too much on Health care expenses, you are almost relaxed. But for the health insurance plans the premium amount paid is subject to tax deduction under Section 80D of the Indian Income […]