“Beware of little expenses. A small leak will sink a great ship.” You can stop scratching your head now ‘cos we’re going to tell you who said that. Why, it’s Benjamin Franklin, of course! Franklin could have as well been talking about spending on insurance policies. On an annual basis, the difference in premium between… Read More »
If you’ve ever sat for hours in front of a Las Vegas slot machine plunking in coin after coin and waiting for those four 7’s to ching-a-ling into view, you know what it’s like to keep paying premiums towards your term plan without ever seeing a penny in return. Why then do people buy term… Read More »
Choosing an insurance plan is like ordering with friends at a restaurant – the most popular person’s choice prevails.You perhaps do your own research, but end up choosing a plan that your friend has purchased. Does this sound like you? Well, it’s a golden rule of investing that what’s good for your friend may not… Read More »
Whether you are planning on buying a house, embarking on a new career path or just drawing lines for your children’s future, this hoary advice rings your ears: “Do your best, but be prepared for the worst.” Of course, you have paid heed to it and that’s the reason why you have bought insurance policies. You… Read More »
In all likelihood, you’ve heard all about why life insurance is important. But. something stops you from going ahead and buying it. It’s that little red devil on your shoulder that tugs at your ear, that weighs you down with the usual falsehoods surrounding life insurance, that feeds mischievous little pieces of advice (let’s call them ‘myths’)… Read More »
Insurance sales start surging in January of every year and peaks in March. So, are more accidents happening during this period? More people getting hospitalized? Or, a sudden realization in the new year that one needs life cover? It’s Option D – none of the above. The reason is painfully simple – tax saving! So,… Read More »
Imagine you are building a fortress against an unseen enemy. If you require four outer walls bordering its periphery to complete the structure, would you build only three? Or, would you suddenly stop building the fortress and instead start focusing on a guesthouse inside it with the intention of selling it later? More ironically, would… Read More »
One of the most memorable scenes in the movie Titanic is when Jack Dawson sketches a portrait of Rose in the buff. While Rose did not need much cover, you do. Insurance-wise, that is. Many people take a cover that they can afford. Some people take one which they assume as enough for them.… Read More »
The bricks and bouquets for this year’s Budget are flying thick and fast. Everyone from financial analysts on TV channels to the local newspaper delivery boy has shared their two pence on the most keenly watch annual ritual in the world’s largest democracy. While many announcements hogged the media limelight, some were lost in the… Read More »
On August 15th 2014, the Prime Minister of India, Narendra Modi, announced an ambitious scheme that would earmark his first year in office as one that began a banking revolution of sorts in the country. The Pradhan Mantri Jan Dhan Yojana scheme, now endearingly abbreviated to PMJDY owing to its immense popularity, was launched on… Read More »