For salaried employees, the deadline to submit the provisional tax saving investment proofs is fast approaching. Most of the employers collect the documents in January. During this period investors/employees who have not done their tax planning rush to buy life insurance policies or some other tax saving investments. Equity Linked Tax Saving Mutual Fund Scheme […]
Reviews
LIC New Plans 2020 – 2021 List | Features, Snapshot & Review of all the Plans
LIC has launched 4 new plans in the calendar year 2020 (till Dec 2020). 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 2020-21. From January 2020 to till-date (8th Dec, 2020), LIC has launched two ULIP Insurance plans and two Pension plans. […]
Different types of Traditional Life Insurance Plans | Which one should you buy?
Insurance is a contract which provides protection against a possible eventuality or risk. So, insurance in its purest form is an expense rather than an investment. Broadly speaking, life insurance can be categorized as a ‘pure risk’ coverage plan and the other, which is a combination of insurance and savings (investment) component. I believe, most of […]
LIC Jeevan Akshay VII Pension Plan (857) – Details & Review
LIC’s single Premium Pension plan ‘ LIC Jeevan Shanti’ (Plan No. 850) is currently one of the popular Pension plans. It offers the guaranteed pension to the policyholder, with options like an immediate pension or deferred pension. However, LIC is soon planning to stop offering the ‘immediate pension’ option under ‘Jeevan Shanti’ plan. LIC is […]
My list of Top Fee-only Financial Planners in India (Part-4) | Based on my interactions & observations
Financial Planning is a very noble profession. I rate financial planning profession on par with other sacred professions like medicine and teaching. The main responsibilities of a financial planner are to improve his/her clients’ financial health and also to wipe out financial illiteracy. Hence, I always believed that a financial planners’ work is as noble as doctors or teachers. So, finding a competent […]
Corona Kavach & Corona Rakshak Health Insurance Plans | Details & Review
In view of the global pandemic Covid 19, the IRDA had earlier mandated all Insurance companies to come up with a Covid Standard Health Insurance Policy. As per the IRDA directives – Life, non-life and standalone health insurers are going to offer short term health insurance policies, especially dedicated to covering the treatment cost of […]
