In India mutual fund industry’s asset under management (AUM) has been growing at a rapid pace. The total AUM has reached around Rs 25.50 lakh crore in August 2019. The asset under management of Debt, Equity and Hybrid schemes at the end of August 2019 stood at Rs 13.22 lakh crore, Rs 7.16 lakh crore […]
Archives for November 2019
ICICI Prudential Precious Life (new) Term Insurance Plan | Life Cover to Individuals With Health Conditions
If death is certain, can insurance be optional? If life is unpredictable, insurance can’t be optional. As an earning member of a family, having adequate life insurance cover is a must. That’s the basic building block of Financial Planning Pyramid. Term Insurance plans are typically focused on providing life cover to individuals who are healthy. But, […]
What is Streedhan? – Meaning & Constituents | How can Women protect it?
The Hindu Law has certain concepts like HUF (Hindu Undivided Family), Karta, Succession rules, Streedhan etc., These were created for smooth functioning of the Household and aimed at protecting the interest of different members of the family. The concept of Streedhan refers to the right of (hindu) women about the Wealth that belongs only to […]
15 Q&As on Fixed Deposit Interest Income Taxation Rules (FY 2019-20)
Fixed Deposits and Recurring Deposits are the most popular financial saving tools in India. It is not an exaggeration to say that most of us might have started the investment plan with an investment in Post office RD or bank Fixed Deposit (FD). The below table gives you an idea about the total outstanding amount (as […]
Enhanced Health Insurance Benefits – IRDA’s latest Guidelines
The IRDAI has recently issued a circular related to the health insurance products. This circular can be a great news for existing health insurance policyholders and future buyers, and may significantly enhance the benefits provided under a Health Insurance plan. When it comes to health insurance, there is no one-size fits-all plan that you can rely […]
LIC New Plans 2019-2020 | Features, Snapshot & Review of all the Plans
LIC has launched 4 new plans in the calendar year 2019 (till date). In this post I have tried to list down the important features, details and my recommendations on all LIC New Plans that are launched in 2019-20. From January 2018 to till-date (Nov 2019), LIC has launched two Endowment Insurance plans, one offline Term insurance plan and one […]