Author: Naresh Saini

Tax-free bonds are gaining popularity among investors, especially with expectations of the RBI reducing interest rates. These bonds are an appealing option for those looking for safe investments with regular income. Available for trading on BSE and NSE, these bonds offer an additional benefit – their interest is completely tax-free. This makes them particularly attractive to individuals in higher income tax slabs. Issued by Government-Backed Companies A total of 14 government infrastructure companies, including NHAI, IRFC, and Power Finance Corporation (PFC), have issued these tax-free bonds. They were originally issued between 2012 and 2016 with terms ranging from 10 to…

In a major push for women entrepreneurs, women-led Micro, Small and Medium Enterprises (MSMEs) will now be able to access up to 90% of loans without any guarantee under the CGTMSE scheme. This new guideline was recently approved by the Board of Directors of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). The move is expected to benefit around 27 lakh women-led businesses across India, providing them with greater financial access. Increased Credit for Women Entrepreneurs Before this change, women-owned MSMEs could only get 85% loan coverage under the CGTMSE scheme. The new guideline increases this to…

Life insurance has long been considered essential, but a recent survey by Canara HSBC Life Insurance sheds light on the real reasons why Indians choose to invest in life insurance. According to the survey, the financial security of the family is the most important factor, with 70% of respondents prioritizing it over other desires like buying a house or going on vacation. This highlights the growing awareness among Indians to secure their family’s future. Regrets About Delaying Insurance Purchase One of the most surprising revelations from the survey was the regret many people feel about delaying their insurance plans. Out…

In today’s fast world, Critical Insurance is key for keeping your finances safe. Healthcare costs are up, and health surprises are more common. So, having good insurance coverage is a must. It protects your money when you’re dealing with serious health issues. This lets you focus on getting better, not worrying about money. As we explore critical insurance, we see it’s different from regular health insurance. Knowing this is important for families and individuals facing health care’s ups and downs. Key Takeaways What is Critical Insurance? Critical insurance is a financial safety net. It gives policyholders a lump-sum payment when…

With skyrocketing medical expenses in India, having health insurance can prove a boon in case of any medical exigency. Events like unfortunate accidents or sudden illness can burn a massive hole in an individual’s pocket. In such a scenario, one may think of using his life savings to receive proper medical treatment. Therefore, there is a growing need to remain financially independent as well as prepared for such events as early as possible. This is when purchasing health insurance in advance is beneficial. The Insurance Regulatory and Development Authority of India (IRDAI) oversees the entire insurance industry in India. The…

LIC Kanyadan Policy and Sukanya Samriddhi Yojana are both savings and investment plans, but they are designed for different purposes and have different features. The LIC Kanyadan Policy is a child insurance plan that provides financial protection for a child’s future in the event of the parent’s death. It provides for a lump sum payment to the child upon the death of the parent, which can be used for education, marriage, and other expenses. The policy is available for children aged 0-25 years and can be purchased by parents or legal guardians. The premium payments can be made annually, half-yearly,…

LIC Kanyadan Policy and Sukanya Samriddhi Yojana are both savings and investment plans, but they are designed for different purposes and have different features. LIC Kanyadan Policy provides insurance and financial protection in case of the death of the parent, the Sukanya Samriddhi Yojana is a long-term saving scheme for the girl child’s future. Both plans have their features and benefits, and it’s always best to evaluate one’s requirements and select the plan that best suits their needs. Difference Between Sukanya Samriddhi and Kanyadan Policy  Name of PolicyTerm of PolicyPremium Paid (Yearly)Sum Assured after maturityPayment TermLic Kanyadan Policy15 Years But…

When it comes to building wealth and securing your financial future, choosing the right investment vehicle is crucial. Among the myriad of options available, mutual funds and direct equity investments stand out as popular choices. Both have their own sets of advantages and disadvantages, and understanding these can help you make an informed decision. In this article, we’ll delve into the intricacies of mutual funds and direct equity investments, comparing them on various parameters to help you determine which is the best fit for your financial goals. What Are Mutual Funds? A mutual fund is a type of investment vehicle…

Life Insurance Corporation of India (LIC) has been a cornerstone of financial security for millions of Indians, offering a range of insurance products designed to meet various needs. Among its offerings, the LIC Jeevan Amar Plan stands out as a versatile term insurance policy aimed at providing comprehensive coverage and financial protection. In this comprehensive guide, we delve into the features, benefits, eligibility criteria, exclusions, and everything else you need to know about the LIC Jeevan Amar Plan. Understanding Term Insurance Term insurance is a straightforward form of life insurance that provides coverage for a specified period, known as the…

In India, the two most popular investment options are real estate and equity. Both investment avenues offer unique advantages and risks, making it crucial for investors to understand their characteristics before making a decision. This article aims to provide a detailed comparison between real estate and equity investment in India, considering factors such as returns, risk, liquidity, tax implications, and more. Understanding Real Estate Investment Real estate investment involves purchasing property—residential, commercial, or land—with the intention of earning returns through rental income, resale, or both. It is a tangible asset that many Indians favor due to its perceived stability and…