VARISHTHA PENSION BIMA YOJANA (VPBY) was a Government subsidized scheme announced for Indian Citizens aged 55 years and above, in the Union Budget 2003-04 (Atal Vajpayeeji’s tenure). Now, this plan will be re-launched by the current central government. VARISHTHA PENSION BIMA YOJANA (2003-04) Plan: When the scheme was launched in 2003, over 3 lakh people […]
Insurance
New Money Back Policies of LIC – Review & Return Calculation
Two New Money Back policies (Table no 820 & Table no 821)were recently launched by LIC (Life Insurance Corporation of India). Let us understand how these plans work and how much returns can we expect from these kind of policies. What are Money Back Policies? The money-back policy from Life Insurance companies is a popular […]
Life insurance : How to get rid off bad insurance?
Life insurance is a key component of a financial plan. If chosen well, it protects the financial well-being of a family in case of any unfortunate event. However, if it has been bought for the wrong reasons then the same policy can become a drain on your finances and savings. Recently I met a prospective […]
Health insurance Plans for Parents or Senior Citizens
Health insurance for senior citizens or parents is a must, considering the rate at which the medical expenses are rising every year. On an average, the medical costs are rising around 15% every year. Interesting fact is, Indians pay around 75% of their medical expenses from their own pocket. In last few years, I have […]
Term Life Insurance – Comparison of Online Term insurance plans
Life is full of ifs and buts. We do not know what is going to happen in next minute. IF a child, a life partner or a parent depends on you and your income then you need Life Insurance. What is “Term Life Insurance?” Term Life insurance is a type of life insurance policy that […]