Educational

Introduction to Saral Jeevan Bima

Just like Standard Health Policies like Arogya Sanjeevani, IRDAI has asked life insurance companies to come up with a standard term insurance policy called “Saral Jeevan Bima” w.e.f. Jan 1, 2021. Here are the key features of Saral Jeevan Bima: 1. Saral Jeevan Bima will be a pure risk life insurance policy that will pay [...]

As much as it is important for men to do financial planning for the future, women should also indulge in it considering now they are also working at par with men and are independent. Firstly write down what you’re aiming for and how much money is required to achieve that. It’s better to start saving [...]

Changes call for innovation, and innovation leads to progress ~ Li Keqiang Innovation is one important thing when you want to achieve better results or results in an improved manner. It’s the century of innovation where a lot of disruption is happening in finance space, technology space, and even the fin-tech space. A lot of [...]

Compounding is one of the fundamental concepts of investing. It shows how money multiplies and grows over a period of time. What is the compound interest? As per Investopedia –  Compounding is the process in which an asset’s earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential [...]

Importance of financial planning

Financial planning is not a new concept since ages people have been doing financial planning majorly in form of capital rationing and investing. However, in the modern world introduction of a vast range of financial products has made financial planning a difficult task. People find it difficult in identifying where to invest and where not [...]

It’s not going to be a long post. I promise! I am sure everyone aspires to become a millionaire, some work for it and just not wish for it and the one who makes it big is the one who has actually gone out of the normal way to make it extraordinary. Here is a [...]

You wish to travel, you need money. You want to buy a car or a home or anything you would need money and systematic planning. So how would you go about planning to achieve your dream/ goal? First, articulate your dream. When would you need the money? Estimate the approximate money you would need to [...]

India Wealth Report 2017 by Karvy

Karvy has come up with several interesting insights into their India Wealth Report.  – Individual wealth in direct equity rose around 26.8% to Rs 37.6 lakh crore in FY17 – Fixed Deposits retained top spot to be India’s most preferred financial asset – Financial Assets ruled the roost in wealth creation in FY17 – Wealth in [...]

What do you do when you need a small amount like 50 thousand rupees as a loan for your business? You would ask your parents, relatives or friends, correct? What if they too don’t have for you? What next? Go to the bank… Ah well, that might take some time as it’s a process. Here [...]

Like it or not, your credit score is something that will follow you your entire life. Whenever you will need a loan or a credit card your credit report will be involved. In fact, your credit score could also potentially affect your future job applications. So, what does it tell you? Well, if there is [...]