Swapnil 
Given the rising inflation in medical expenses year over year, it is mandatory to have a health insurance to meet all unforeseen health expenses. The ideal sum insured should be at least Rs.10 lacs and it should preferably be a family floater plan(i.e. can be used by anyone in the family). Also check if the health insurance covers all the critical illnesses in it.
Found this beautiful post online. Couldn’t resist sharing this, please read through till the end. Struggle is such an integral part of our lives. Without it we would be weak and unable to overcome the challenges in life. Nature teaches us this lesson through numerous examples be it a tree growing strong by resisting wind, … Read more
Filing an income tax return (ITR) involves a lot of documents related to the taxpayer’s finances. These documents may not be required for submission, but are essential to finalise the ITR. Below are the different documents that are needed for filing ITR. PAN card and Form 16 PAN card and Form 16 are crucial for ITR filing and must … Read more
When going through any adversity or problem in life, always ask the below questions to use that obstacle to your advantage.
Thanks for the question. According to me, India and US are currently the best countries to invest for long term if you want to grow your wealth. India is a fast growing economy and the Government here is heavily pushing to achieve its dream of becoming a trillion dollar economy. So you can expect good … Read more
Contents Overview Public Provident Fund(PPF) is one of the most popular investment products in India. Among the various fixed income instruments, it is one of the best investment options. Not only does it offer an attractive interest rate but the interest earned is also fully tax free. One more important thing to note is that … Read more
When applying for your first credit card, take a card that has no fees associated with it(joining, annual, etc.). Your first credit card should always be used to build up your credit score. This will be especially useful when in future you apply for large loans such as home loan, car loan, higher education loan, … Read more
One of the factors that determines whether a bank or finance company will lend to you or not is your credit score. A CIBIL score is a three-digit numeric summary of a consumer’s credit history and a reflection of the person’s credit profile. The score is based on the person’s past credit behaviour such as borrowing, and repayment … Read more
Asset allocation in simple terms refers to how you distribute your wealth among different asset classes such as equity, debt, real estate, gold, etc. It is very important for achieving success in personal finance. With the right asset allocation strategy, we can ensure that our wealth is protected in all market scenarios. It will help … Read more
