What are ULIPs and how to choose the right one?

Investment and insurance are two of the most important aspects of any financial plan. While investments allow you to grow your assets and expand your financial portfolio, insurance protects you from risks arising through unforeseen circumstances. While there are plethora of investment avenues, today, even the insurance sector has grown to extend various options such as life insurance, health insurance, motor insurance and more.

Any financial plan is incomplete without ei......

Most famous and popular resolutions: What’s yours?

New Year brings with it the promise of new beginnings. It is an opportunity to embrace change, let go of past failings and start afresh. The attempt towards a better tomorrow in today’s age often comes in the form of New Year’s resolutions. 

 

New Year's resolutions are a time-honoured tradition, tracing its roots to ancient civilisations. Over 3,500 years ago, the first New Year’s resolutions took shape in ancient Babylon during their annual celebrat......

5 New Year Resolutions for 2023: Finance Edition

We’re looking at another brand new year with new opportunities and experiences. While you may be busy jotting down a new list of resolutions you vow to stick to, there is a whole new aspect of new year's resolutions you MUST NOT miss - managing your finances. While these resolutions can help you manage your finances, they will also bring much-needed financial discipline into your life.

 

The best thing about inculcating these at the beginning of a new year......

How to Withdraw Pension?

Pension refers to the amount you save in different forms to boost your financial security for your retirement years. This amount is usually saved through different pension schemes or investment plans. Certain plans like Employee Provident Funds (EPF) are created by your employer. In an EPF, you contribute 12% of your basic salary towards the scheme while your employer matches your contribution. This allows for a certain fund to be accumulated over time which, on maturity, provides......

Is pension taxable? All you need to know about Pension and its Taxability

Pension is the amount that one  invests  periodically in the pension fund to receive a regular income post retirement. Few organisations still create pension fund for their employees  in which employees contribute a part of their  salary each month and  employer also top it up . In addition to employer run pension schemes, most of the Life Insurance Companies also have pension products. Salaried as well as non......