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......

Aviva Protection Plus: Term Insurance with Return of Premium

Term insurance is a comprehensive life insurance plan that provides financial protection through life cover for a fixed period. The plan helps ensure that your family gets ample financial coverage in case of death.

 

A Term Insurance with a Return of Premium offers benefits beyond a regular term plan. It is a variant of term insurance that provides the added advantage of a ......

What is Sum Assured

Insurance terms can be quite complicated to understand. However, it is important for us to know these terms before we purchase a policy or make any other decisions like this.

 

The term Sum Assured comes to play when one buys an insurance policy which has a pre-determined amount payable on the happening of the insured event. This is usually in the case of life insurance policies and other policies which have a guaranteed return, like MORE