Are you a senior citizen without adequate retirement corpus? Interested to live a better life. What if there is a loan that you need not worry about repaying? If you own a self-acquired, self-occupied residential property in India, you can use it for your benefit through reverse mortgaging it with…
Public provident fund (PPF) is one of the investment options for individuals looking to save tax while saving for their better future. PPF is basically a government-sponsored investment scheme made available to the general public through banks and post offices in India. What is a PPF account? Public Provident Fund…
Financial planners recommend buying a health insurance cover of Rs 5-10 lakh or more. Get your health insurance as early as possible while you are still young to enjoy lower premium cost even when you grow old. Healthcare and medical expenses have become very expensive. In the event of a…
What is term insurance policy? Before we explore the meaning of term insurance, let’s understand what’s insurance. According to Oxford Dictionary, insurance is defined as: arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs, for example, if you die…
Inn June 2016, the Lok Sabha (the lower house of Indian parliament) passed a comprehensive Benami Transactions (Prohibition) Amendment Bill 2015, with the intent of bringing unaccounted money into the financial system, as well as seizing benami (anonymous or proxy ownership) property and prosecuting those indulging in such activities. The…