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Showing posts from March, 2018

Is 5 crores enough to retire in India?

Many people want to save enough money for their future so that they can retire and enjoy their life in a peaceful manner. They always worry about how much money would be enough so that they can survive the rest of their lives without having to work. In this regard, let us discuss some crucial issues you need to consider when you are planning to retire. While some people feel that having one crore is sufficient to retire, few others feel that they need more than 5 crores to be able to lead a comfortable life in future.
Factors to consider before planning your retirement
There are many factors you need to consider before thinking about retirement. Remember that it is not a simple decision to take in your life and you will be leaving a steady source of income in most cases when you retire from work. The job market is very competitive and it may not be very easy to get a suitable job in future when you stop working for few years. In this situation, if you are past the age of 50 and thinking…

What is an endowment policy and when should you get it?

The endowment life insurance policy covers the risk and offers returns after the maturity. If there is a risk, the sum assured will be paid to the policyholder. The lump sum that you obtain through the maturity will be used for life’s important events such as children’s education, children’s marriage and funding the retirement. The endowment plan will fulfill the dual need of the insurance and the lump sum benefit. The policyholder will enjoy the tax benefits under Section 80C and Section 10 (10D).
Benefits of endowment insurance plan
·The endowment policycovers the risk·Risk-free assured returns·Offers financial protection to their loved ones·Ensures savings to meet the life’s milestones·To build corpus for a long-term·Best combination of insurance and investment·The bonus paid on the policy will be paid at the maturity

Who can buy endowment plan?
The endowment plan can be bought by policyholder who can contribute regular premium to build a corpus on a long-term basis. People who spe…

Girl child saving schemes and investment options

Girls children have been subjected to and suffering from patriarchy since as long as we can remember and further back. Now, it is the time to give them what they have been deprived of so that their male counterparts could flourish.
There are a lot of insurance companies that offer various girl child saving schemes and investment options so that can grow to make something of their lives with equal and fair opportunities. A lot of options are available like child plans so that you can accumulate a corpus amount and give your girl a secure.
Child Plan
One of the best ways to invest for your girl child is to get them into a child plan. A child plan will not only protect them in case of the unfortunate death of their parent or guardian but will also provide them with a benefit on the maturity of the policy so that they can pursue whatever career or path that their heart desires. A child plan will help you accumulate huge sums of money to their future in terms education and career so that th…