Insurance companies offer different health insurance plans based on an individual’s needs. Though the health plans differ from company to company, here are a few basic plans which most of the companies offer: Type of Health Insuran

Systematic Investment Plan (SIP) is a monthly investment in Mutual Funds while Recurring Deposit (RD) is a type of bank deposit. However, there are some basic differences between SIP and RD which one needs to understand before investing.

Equity Linked Saving Scheme (ELSS) and Tax Saving FD are both tax-saving instruments and are eligible for a tax deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. Listed below are some of the differences between ELSS and tax sav

SWP or Systematic Withdrawal Plan is a facility offered by mutual funds to redeem units. The plan allows investors to exit their investments in small portions at regular intervals to meet their short-term goals or regular monthly income needs. These

With more and more people shifting their preference to online shopping for almost everything now, buying insurance products on the net is no exception. Widely known as E-insurance, online insurance plans are proving to be value for money products, wi

A lot of people keep thinking whether to buy life insurance or not. Then there are those who think that buying a small Rs. 5 lakh insurance policy will be enough. By the time they realize how wrong they were, it’s already too late. Either they are

During this time of the year, one of the major cause of concern for most people is how to maximize their tax savings. So, even if they get a small advise from someone which can save some tax, they might want to consider it. The problem with this appr

With the ever increasing cost of health services, it is progressively becoming difficult for employers to maintain parental coverage in the group cover schemes. Many are either closing that option or introducing restrictions such as co-payment to man

Many people purchase life insurance plans not only to safeguard their loved ones financially in the event of death or permanent disability but also to claim the related income tax benefits. Section 80C of the Income Tax Act provides for various relie

It’s very common to find people quoting about their insurance policies, when asked about investments for future. This is because of a misunderstanding that leads most people to take wrong financial decisions. Even though people use the terms

The bureaucracy of insurance companies, coupled with the threat of insurance fraud while bearing the loss of a loved one, makes the process of making an insurance claim a painstaking experience. The Insurance Regulatory and Development Authority (IRD

Most people look at insurance as something that helps them reduce taxes and save for future. Unfortunately, these are secondary benefits of insurance and not the primary reason why it should be bought. Insurance is bought to provide financial secu