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Most Affordable Insurance Plan - Term Plan

Most Affordable Insurance Plan - Term Plan A 30-year-old can buy a cover of Rs 1 crore for 30 years at a premium of just Rs. 11,000 - the cheapest available option. Rahul Shah, 30, an IT professional, has three dependants - his parents and his wife. Shah's annual salary of `8 lakh is good enough to support his family, but he is worried. Since he is the sole breadwinner, his dependants could be under tremendous financial stress in the event of his untimely death. Therefore, to mitigate the risk, Shah is considering buying a life insurance policy. However, given that there are over 20 life insurance companies offering a variety of products, Shah is trying to zero in on a policy that would suit his requirements best. Life insurance can be broadly classified into five types: whole life plans, term plans, endowment plans, moneyback plans and unit-linked insurance plans (Ulip). All products come with tax benefits of up to Rs 1.5 lakh, under Section 80C of the Income Tax...

Why Mutual Funds

Why Mutual Funds Unless you are willing to devote a lot of time and effort to research, the best way to invest in equity is through equity mutual funds. Different cars suit different drivers. Those driving on country roads prefer the ruggedness of SUVs whilst city dwellers prefer the convenience of sedans. The answer is quite the same for investors - certain types of investors are better suited to mutual funds whilst others may do better with stocks. Stock investing requires greater time from the investor and more application of mind than fund investing. Investors with small investible amounts, generally less than 1.5 lakhs INR a year may not be able to achieve the same level of diversification through stocks that a fund will give them . For these types of investors, there is no better answer than mutual funds. A mutual fund is a financial intermediary, set up with the goal of professionally managing money pooled from a large number of investors. By pooling money together i...

Happy Krishna Janamashtami !

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