Should I buy life insurance?
Unexpected incidents do occur in our lives, and they can come from anywhere. Term life insurance is critical for individuals who are financially reliant on their monthly income, as it always helps to provide for the family in the event of the breadwinner’s untimely death. when choosing a term life insurance plan, look for the […]
Is it really worth it to buy life insurance?
If you have dependents, the cost of life insurance may be justified. It gives you the comfort of knowing that if you die, your husband, children, and anybody else who depends on your income would be taken care of. Even if you don’t have any dependents, there may be times when it’s worthwhile, but you […]
When should one consider buying life insurance?
While term insurance costs may be modest if you get it when you’re young, you’ll only need it if you have dependents to care for. If you have dependents, you must carry life insurance, and you must choose intelligently the type of life insurance product you bring home. If you’re looking for a cost-effective life […]
What’s the best life insurance policy in India?
This question is subjective and varies from person to person. Deciding on the best life insurance policy wholly depends upon the individual’s financial goals and objectives behind the purchase of a life insurance policy. In simple words, we can say that the policy that suits you the best may not be ideal for your friend. […]
What is a good amount for life insurance?
Determining the right amount of life insurance can be a personal decision that depends on a number of factors, including your current financial situation, your family’s needs, and your long-term financial goals. Here are some factors to consider when deciding how much life insurance you need: As a general rule, financial experts often recommend that […]
What happens if one skips paying SIP for a month?
If you are someone who has started a SIP or Systematic Investment Plan, you know the importance of regular investment. But what happens if you miss a month of payment? The first thing that comes to mind when skipping a payment is a penalty. However, it may not always be the case. Most mutual fund […]
What is PPF and its benefits?
PPF (Public Provident Fund) is a great investment option offered by the Indian government. It has a lock-in period of 15 years, with the option to extend the lock-in period for another 5 years. This makes it an ideal choice for those looking to make long-term investments. It also offers several benefits that make it […]
Can I withdraw money from a mutual fund anytime?
Redeeming mutual fund investments is possible any time you want. However, you may have to pay an exit load, which is an amount charged by the fund house for exiting the fund. Additionally, investments made in tax-saving ELSS funds have a lock-in period of 3 years, during which you cannot redeem your investment. However, you […]
