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 […]
What is a Fixed Maturity Plan in India?
A fixed Maturity Plan (FMP) is a type of debt mutual fund that invests in debt instruments like government bonds, corporate bonds, and money market instruments with a fixed maturity period. FMPs have a fixed investment horizon, typically ranging from one month to five years. In India, FMPs are a popular investment option among investors […]
What is a Target Maturity Plan in India?
Target Maturity Plan (TMP) is a popular investment option in India, especially for individuals planning for their retirement. A target maturity plan is a mutual fund that invests in a diversified portfolio of assets, with a particular maturity date in mind. The fund is designed to become increasingly conservative as the maturity date approaches. Benefits […]
What is the 3-year rule for life insurance?
Life insurance is a crucial financial planning tool that provides financial security to the policyholder’s family in the event of their untimely death. One of the common clauses that policyholders should be aware of is the 3-year rule in life insurance in India. The 3-year rule in life insurance in India states that if a […]
What is joint life insurance in India?
Joint life insurance in India is like getting a double scoop of financial protection, with both partners covered under one policy. It’s a smart move for couples who want to safeguard their family’s future in case of an unexpected event, such as the death of one or both partners. You can choose from two types […]
