We all have Bank Fixed Deposit (FD), at least a one. However, have you ever thought of what will happen when depositor dies before maturity? Whether your nominees or family members know the rules?Recently, one of my blog readers asked this question. His father had some Bank Fixed Deposit (FD). … [Read more...]
Archives for November 2015
Term Insurance-Claim Settlement Ratio no more a big criteria
Whoever is planning to buy term insurance, they have the biggest concern of whether the company settle the claim or not. So ideally, they look for the Claim Settlement Ratio. However, from now onward, you no need to concentrate that much on this raw data.Recently, IRDA amended the Section 45 … [Read more...]
Two in Three Adults of world are financially illiterate
Do you believe it? Two third of adults over worldwide are financially illiterate. Shocking but the reality. This is the data from Standard & Poor's Ratings Services Global Financial Literacy Survey of more than 150,000 adults in 148 countries in 2014.This shocking revelation is not only from … [Read more...]
Axis Children’s Gift Fund-Review
Axis Mutual Fund came up with an NFO (new fund offer) named as Axis Children's Gift Fund. This fund came up with an emotional tag of Children's Gift. The offer will be available from 18th Nov to 2nd December, 2015.Well, in my view this fund is using the major emotional tag of any parents i.e … [Read more...]
What is superannuation benefit in India and how it is taxed?
Does your employer offer you superannuation benefit? Whether you know how it works and what are the tax benefits? Many employees not aware or never bothered. Because the contribution is not from their own pocket. Let us discuss more about this benefit.Below are the features of this … [Read more...]
Quoting PAN Number for Financial Transactions-Where it is mandatory?
Knowingly or unknowingly, we all quote our PAN card number. We never consider or rethink whether quoting our PAN number for particular financial transactions is mandatory or what. However, IT Department made a list of such transactions where quoting PAN is mandatory. Let us see the list of those … [Read more...]
How to encash or withdraw NSC bought from different Post Office?
You bought NSC (National Savings Certificate), but during maturity time, what if you are not in the same city or the post office from where you bought is too far? How to encash or withdraw NSC bought from different Post Office?This is the common concern faced by many. Because while buying we … [Read more...]
HDFC Life Click 2 Retire online ULIP Plan-Don’t invest
Recently HDFC Life contacted me through a third party to write a review (mainly positive) on their newly launched "HDFC Life Click 2 Retire online ULIP Plan". When I highlighted too many negatives, they just stopped replying further. Let us discuss more about this product.I also found many … [Read more...]