Foreign Direct Investments (FDI) Roadmap for Airline and International Financial Services Centre (IFSC) As a measure to make the airline industry self-reliant, creating aircraft leasing business, creating jobs in the aviation finance and tapping the underlying potential in the International Financial Services Centre (IFSC), the Government intends to devise a regulatory roadmap to make India a hub for such activities. Investment by FII/FPI in Debt Securities The Government proposes to … [Read more...] about Major Policy Announcements – Budget 2019
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How much Life Insurance do you need? In simple terms, Life Insurance should provide your family the same amount of money in case of death that you would provide them if you would remain alive. This is called your Human Life Value or HLV for short. As an example, let us calculate the Human Life Value of a 35 Years old person who hope to work for the next 20 years till the age of 55. Let us assume that he earns a post tax income of Rs. 50,000 per month i.e. Rs. 6 Lakh per annum. If we assume … [Read more...] about Life Insurance – How Much Do You Need?
A Life Insurance Policy is essentially a contract between an insurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump-sum amount of money in case of his/her death. Sometimes, these policies might not prove to be useful or claimable by the holder in need due to some conditions and terms applicable. That is where ‘Riders' come into the picture. A rider on an insurance policy is an add-on contingent benefit that can be … [Read more...] about A Comparison of Riders in Life Insurance Policies
Section 80DD Deduction Limit pertains to those individuals who have a disabled person dependent on her/him. The genesis of the thought of having a separate section is that medical expenses of a disabled person are generally very high, and inflation in medical costs makes it even steeper by the year. For some families, it is a high and unavoidable expense. India's infrastructure in general is a challenge for the disabled and that makes it even more difficult for them to be fully independent. … [Read more...] about Section 80DD Deduction Limit – Expenses & Maintenance of Disabled
Employer or Company Group Health Insurance Plan is usually a group insurance, which covers all the employees in the organization. Group policies are usually cheaper than individual policies. Employer or Company Group Health Insurance Plans offer good benefits to employees covered by it. In a country like ours wherein health insurance is still not 'demanded' by a large audience, such a scheme helps especially when disaster strikes. The good thing about the scheme is that the 'cost' … [Read more...] about Employer / Company Group Health Insurance Plans – Don’t rely entirely on it
NPS Returns have surprised everyone and consistently so. Investors into the National Pension Scheme have good reason to be happy about their decision. What has definitely helped are the tax breaks offered by the Govt. of India through Section 80CCD2, so fund size has been growing continuously, and exponentially. NPS comes in different forms and categories, and one is also free to make their own customized asset allocation - and that has helped. Right from Central and State Govt employees to … [Read more...] about NPS Returns – Check the Best NPS Funds to Invest in