Life insurance is a crucial pillar of financial security, offering peace of mind and protection for your loved ones. However, customers often find themselves with policies that don’t align with their actual needs. Sometimes, what customers truly require is not what they’re offered, as the focus shifts toward savings or investments rather than essential protection….
Investment word of the day: Imagine you have a sum of money and you are confused about whether to use it for investment or as a measure to protect finances from unforeseen circumstances. A unit-linked insurance plan (ULIP) is a financial product that offers the benefits of both. What is ULIP? A ULIP provides benefits…
The recently announced budget introduced significant personal finance changes impacting taxpayers and investors. One of the key updates involved Unit Linked Insurance Plans (ULIPs). It has been clarified by the Finance Ministry that if the annual premium exceeds â‚ą2.5 lakhs the redemption becomes subject to capital gains tax. ULIPs that are held for more than a…
Read this | Can a high sum-assured Ulip offer better cover, returns? An index fund typically tracks a broad index, like the Nifty50 or NiftyNext50, without the need for an active fund manager to pick stocks. However, some index funds are designed with specific rules—known as “factors”—such as value, momentum, or growth, to create a…
The financial market is brimming with investment options, each with its own set of risks and rewards. However, not all financial products are worth your investment. Some carry high fees, hidden risks, or offer poor returns, making them more harmful than beneficial. In this blog, we will explore five financial products you should avoid and…
This isn’t just my experience; it’s a widespread issue that’s evident in the data. Take HDFC Bank, the country’s largest private bank, for example. In 2023-24, the attrition rate for employees under 30 was 34.7%. Most relationship managers fall into this age group, as they’re typically fresh MBAs, graduates, or individuals with only a few…
