Will Taxing High-Value Insurance Benefit Debt Mutual Funds?
Life insurance has always been a preferred investment option for all people due to the financial security it offers to a family after the demise of the policyholder. It also becomes ideal for people with a conservative risk profile. In the budget 2023, it was announced that high-value insurance purchases would henceforth be taxed with effect from 1st April 2023. This newly introduced...
Importance of having an Insurance
Support to families during an emergency Financial security Transfer of Risk Compulsion on having Insurance Peace of mind Uncertainties are the only certainties! The pandemic has made us realise that we all live in an unpredictable world these days. Thus, there are many legitimate reasons to prepare yourself for the unannounced curveballs. What better than getting yourself...
Everything about Term Plans
You cannot predict what is there waiting for you in the future. There are always lots of uncertainties and causalities coming up for you in the future and you are always unaware about it. These uncertainties cause a drastic financial crisis to your family and closed ones. You can help your loved ones by planning for your and their future and apply for a term insurance plan. Choosing...
Daily Market Analysis– 20th May 2021
Daily Market Analysis on Insurance, Indian Oil Corporation, Renewable energy, Goldman Sachs, Insurers to make Life, Health cover norms tougher On account of both the pandemic as well as the Insurance Regulatory and Development Authority (IRDA) new rules for health insurance on standardization of terms and conditions. Insurers will be making the purchase of life and health cover...
Daily Market Analysis – 14th May 2021 (Stocks)
Value Stocks vs Growth Stocks – US Markets Value stocks have beaten the growth stocks by about 13% in the latest data as per the Russell 1000 Value Index vs Russell 1000 Growth Index. The reason for the outperformance could be the lower valuation and lower PE that the value stocks were trading at. Alternatively, there exists a massive opportunity in the technology space and...
How ELSS is better than any other Tax saving scheme?
If you are looking for tax savings this season, then look no more. We have come up with an interesting blog on the evergreen topic of whether ELSS is better than any other tax-saving scheme. And what’s more interesting is that we have also summed up answers to every Why of yours. So what are you waiting for? Let’s skip this journey to the main content. What options do you have for tax...
Insurance and its Tax Benefits
Saving taxes is everyone’s predominant motto when it comes to investments. Thankfully, the Income Tax Act 1961, has allowed various types of investment avenues to be exempt from the purview of income tax. If you choose these avenues for investment, you can earn tax exemptions and deductions on the amount you invest, the returns generated and the benefit you get. When it comes to...
7 Habits That Make Life Insurance Costly!
Awareness about Term Life insurance has increased manifold. Many people are either already insured or wanting to insure themselves. Buying term insurance is very convenient nowadays. With the ease of online insurance plans and Low-cost insurance, it has become an important part of a long term personal financial plan. While the loss of a near & dear one is emotionally devastating, term life...
TERM LIFE INSURANCE OR WHOLE LIFE INSURANCE
Life insurance plan is one of the best types of investment that a person can make to ensure the better future of their family and the members that are dependent on you. Life insurance provides you the financial support that your family members require when you are not around to take care of their needs. The financial support is provided in the form of the life insurance coverage. There are...