LIC is going to launch one more new plan on 1st September 2014. However, this time it is a close ended plan. This is a single premium and money back plan. Let us look for its feature and benefits.As I said earlier, this plan is a close-ended plan, which opens from 1st September 2014 to the … [Read more...]
Archives for August 2014
Pradhanmantri Jan Dhan Yojana-Features and Benefits
Today Prime Minister Narendra Modi is about launch his dream project called Jan Dhan Yojana. This creates a massive penetration of banking facilities among the Indian population. This may look big booster. However, I feel there is no coordination among Govt organizations.Below are some … [Read more...]
Car or Two Wheeler Insurance renewal in India-What is IDV or Depreciation Value?
Do you feel your car as an asset? Think twice! Reason is, from the insurance point of view this not at all considered as an asset. Instead, insurance companies consider it as a liability, whose value starts to depreciate immediately when you buy a new car or bike :)Usually to arrive at value of … [Read more...]
How to find lost or unclaimed Insurance amount in India?
Let us say your parents or relative purchased a Life Insurance and he/she never shared about this with family. In case of death and documents were also misplaced then there is a probability that it get unnoticed. Such amount for the rest of life will be with Life Insurance Company.You cannot … [Read more...]
Comparison of Senior Citizen Savings Scheme (SCSS) and Varishtha Pension Bima Yojana 2014
Recently Govt launched Varishtha Pension Bima Yojana with much fanfare. I already wrote the features about the same in my previous post. However, few started to compare this scheme with Post Office Senior Citizen Savings Scheme (SCSS).Therefore, in below image I am showing you the comparison of … [Read more...]
Varishtha Pension Bima Yojana-How much beneficial?
Government of India is about to launch a pension plan called Varishta Pension Bima Yojana on 15th August 2014. It is treated as best pension plan because returns quoted as more than 9%. However, let us look at its feasibility and to whom it will be suitable.Features-Minimum age for … [Read more...]
LIC’s Jeevan Rakshak (Plan No.827)-Whose Rakshak is this?
LIC will be coming with one more endowment plan called Jeevan Rakshak (Plan No.827) from 19th August 2014. It is a typical traditional plan and let us discuss about its feature and review.This is a regular premium paying non-ULIP with profit endowment plan. The total Sum Assured under all … [Read more...]
Are you suffering from Compulsive Buying??
How often you buy things with compulsive mode and felt sorry about your decision at later stage? We know few are almost regular suppliers for sites like OLX :) But buying unnecessary things and selling it online is what is called best finance??Few people have tendency to buy things unnecessarily … [Read more...]