Career tips enhances a person's career and financial well being. It is important to find the best career guidance and move forward in life
Saturday, March 25, 2017
Thursday, March 9, 2017
Car Insurance Should you opt for a higher voluntary deductible or not
While
one part of a deductible is compulsory, the other is subjective, and therefore,
before going for a higher deductible option, one must carefully analyse the situation to avoid risk.
Be it, shopping for
clothes, buying vegetables, or making any other purchase, we Indians always
look for ways to ‘extract’ maximum benefits by paying a lower price. And when it is about buying a car insurance policy,
our entire focus is diverted towards saving even the last penny. After all, it
comes handy only ‘if’ something goes wrong and that ‘if’ will never happen (at
least we all think so).
3 SIP Investment Tips for Beginners
Timing the stock market is not simple if
you do not have the experience and knowledge. One way to earn higher returns is
to choose equity-oriented mutual fund schemes. You may further opt for a
Systematic Investment Plan (SIP) to follow a disciplined investment approach.
With an SIP,
you invest a fixed sum at periodic intervals, monthly or quarterly in your
chosen mutual fund scheme. This eliminates the need for you to time the market
while ensuring compulsory savings.
Here are three beneficial tips for
investing in SIP if you are a beginner.
Saturday, March 4, 2017
Which Personal Loan Should I Opt For: Fixed Rate Or Floating Rate
It is now a
viable option to take a loan for important personal expenses like renovating
your house, taking a family vacation when everyone’s vacations are around the
same time. Being a salaried or fixed income professional can make cash flow a
hurdle when it comes to making plans like these and many people who know they
will be able to pay for expenses that they need to make urgently, over a
predetermined period of time.
Indeed,
financial responsibility is about prioritizing your expenses and utilizing your
funds to the best possible extent. It is not always necessary to have to the
funds for the investments that you need to make, if you know you have a steady
source of income and can afford to take a personal loan and pay it back.
Thursday, March 2, 2017
Should health insurance be considered as a tax saving instrument
This is that time of the year when most of you must
be busy in exploring investment options to get the maximum tax benefits. After
exhausting the limit of Section 80C, people are looking at Section 80D i.e., health
insurance to save tax. The premium paid towards health insurance can be availed
as a deduction up to Rs 25,000, from the total income under section 80D of the Income
Tax of India. The deduction is available with respect to premiums paid for
self, spouse, and children. For parents, an additional Rs 30,000 is allowed as
deduction if your parents are senior citizen, if they are not senior citizens
yet, then Rs 25,000 deduction is allowed.
But, should one ‘invest’ in a health insurance
policy to save tax?
Current Scenario
Given the importance of health or mediclaim insurance, India is still lagging on the health insurance penetration.
This is because people are still unaware of the benefits and importance of
having a health insurance policy. Around, 80% of the people in India are not covered under any health insurance plan.
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