In the last blog, we looked at how to use “deductible” effectively to reduce the insurance premium. Here we are going to look at the difference between Topup and Super topup. The purpose of these health plans is the same. Avail higher coverage while keeping the premium costs lower. First, how do these health plans…
Our group which normally discusses about Investments and financial planning, had an interesting question last week. Are there any tips while taking a home loan? This WhatsApp discussion in our group generated lots of ideas. Overall the different points we discussed could be classified into four categories. 1) Insurance 2) Negotiation 3) Resetting of interest…
The previous blog here talked about how an Emergency Fund is the fail safe to create a financial plan. There were couple of friends, who pointed me to write about other pre-requisites. So what are the “Pre-requisites in creating a financial plan”? Do we drive just because we know to drive and have a helmet…
Have you heard of RBI Retail direct? (https://rbiretaildirect.org.in/#/) This is a way to invest in Govt primary issuances (and re-issuances) of government securities. Some key aspects of RBI Retail Direct – Retail investors can Invest directly in govt securities Access to primary market issuance Ability to trade in the secondary market Invest directly using RBI’s…
First, it is important to understand that retirees invest in Annuity products to increase their human capital. The Insurance providers are providing so many new options these days around Annuity Products, it is impossible to discuss all options! Secondly, annuities have the unique advantage of having generally no upper limit of investment. So theoretically, if…
While making investments, there are two factors which affect our decisions with respect to taking risks. It is important to understand our Willingness vs Ability to take risk. Ability to take risk – This measure tells us how much of risk can be taken by us while making an investment decision. Willingness to take risk –…
