Choosing the Best Pension Plan: A Complete Guide
Mini Balakrishnan
Almost everyone will have to eventually leave working actively due to age or disability, also known as retirement. Having substantial retirement savings and monthly income from a pension is essential for a comfortable retirement. Hence, every hard-working adult should make retirement preparation a top priority. If you choose to disregard it, you may come to […]
10 Factors to Consider Before Purchasing Business Insurance
Mini Balakrishnan
Buying insurance is a significant investment, and you’ll want to invest wisely. How do you find the business insurance best suited to your company’s operations? Whether you’re a first-time entrepreneur just getting your firm off the ground or an established company looking to update your coverage, we’re here to make getting business insurance in India […]
How To Calculate Pension Contribution In EPF
Mini Balakrishnan
The calculation of pension contribution in the Employee Provident Fund (EPF) scheme is based on the salary and years of service of the employee. The EPF scheme is a social security scheme that is mandatory for all employees earning a monthly salary of up to Rs. 15,000. Both the employee and the employer contribute a […]
Is Public Provident Fund (PPF) A Good Investment ?
Mini Balakrishnan
Public Provident Fund (PPF) is one of the long-term investment options available in India. It is a government-backed savings scheme offering a fixed interest rate and tax benefits. The PPF scheme was introduced by the Government of India in 1968 to promote savings and investment among individuals. The Ministry of Finance administers the scheme and […]
What Role Does An Underwriter Play?
Mini Balakrishnan
Underwriters are an integral part of the life insurance industry. They evaluate the risks associated with providing life insurance coverage and determine the premiums that should be charged to cover those risks. When an individual applies for a life insurance policy, an underwriter must review the application and decide whether to approve coverage and at […]
What To Know About Child Education Insurance Plans
Mini Balakrishnan
As parents, we want nothing but the best for our children, and the soaring expense of higher education is a major cause of anxiety. As a result, many parents are looking at ways to save money for their children’s education, with child education insurance plans being a common choice. A Child Education Plan aims to […]
Guide to Sukanya Samriddhi Yojana: Benefits and Eligibility
Mini Balakrishnan
On January 22, 2015, Prime Minister Narendra Modi unveiled the Sukanya Samriddhi Yojana program at Panipat, Haryana. The program seeks to improve the lives of girls throughout the country by ending practices such as sex assignment and discrimination based on gender, as well as by ensuring their safety and encouraging their increased engagement in society […]
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
When you think about retirement, many significant things come to mind. If one is willing to put in the effort, one can achieve any of these goals. Retirement planning is unique among all of life’s monetary considerations. In retirement, there is no longer any need to work to make money; you no longer have any […]