Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts
Twelve principles for a relaxed Financial Future
Brand New Schemes for Tax Exemption
Reliance ETF
for tax saving!
Reliance Mutual Fund has released a new
scheme R*Shares CNX 100. Investments made in this scheme get tax exemption
under Section 80 CCG (Rajiv Gandhi Equity Scheme) of Income Tax Act. This is an
open-ended index exchange traded fund. The lock-in period in this scheme is 3
years. This fund will be invested in nearly 100 companies spread over around 38
different segments and therefore, it is a perfect diversified investment.
Type of Insurance Policies NRIs should buy to secure his family future
Do you have plans to go abroad?
Before you go, make sure to have a plan to provide for your
financial stability by the time you return to your country. How to make
investments here to achieve your goal? What precautions are needed to be taken?
Did you plan to provide for financial protection to your near and dear, who
depend upon you?
It
is natural aspiration for people to go to developed countries, secure a job
there and make good earnings. Nowadays,
it has become a routine for Indians to go and do jobs in foreign countries.
With the standard of expertise and commitment, Indians are the most sought
after in the entire world. But the million-dollar question is that how long can
we stay with our job there? It is very difficult to predict the timing and
which country would sink into which type of economic depression. At the same time
the growth rate in India is stable with 6 to 7% per annum. In this background,
people getting employment opportunities in
foreign countries should so plan to get a good yield by the time they return,
simultaneously taking care to see the dependent parents are economically
supported. Our Bank deposits give higher returns than foreign Banks offer,
which is the main attraction for our NRIs to invest in fixed deposits in our
country.
How much Insurance you should buy to live a relaxed life?
How much really you need insurance on your life …
Enough to cover. Ten times your annual
income – these are the interpretations generally financial experts suggest for
insurance. Then what is ‘enough’? How to calculate it? When going for
insurance, what basic points you need to take into account. Let us explore the
matter.
If you are asked whether you have life
insurance policies, instantaneously you will say “Oh ! I have four or five of
them”. In fact only a few people analyse whether they do have sufficient life
coverage. Generally people go in for insurance for getting Income Tax rebate or
just to satisfy a friend’s suggestion or pressure exerted by somebody. For
getting sufficient financial protection to the loved ones in the event of
happening of an unfortunate incident, as a person owning such responsibility,
one will have go in for adequate insurance. The sum assured in a life insurance
policy depends upon a number of factors. Age, annual income, number of
dependents, expenditure, housing and vehicle loans, other loans, savings,
investments, way of life, amounts needed for future contingencies – when such
of these numerous facts are taken into account, then only one gets clarity as
to how much life insurance to be bought.
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