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The Finance Ministry recently penalized Public-sector Banks (PSBs) for improperly marketing products related to insurance. The Central Vigilance Commission has also warned against compelled insurance sales, claiming that the temptation of commissions from their sale might alter the overall quality of loans issued. While government bodies and its agencies are taking efforts to avoid mis-selling, customers …
Whenever you purchase insurance, you may be required to provide the insurer with a variety of information and documents. Hence, it’s vital to make sure you’re exchanging your information with a reliable and genuine system or individual. Prudence in protecting your information is essential not just while purchasing insurance but also when purchasing other kinds …
The Indian stock markets are growing, with the Sensex hitting stratospheric heights of 70,000 points and above. Even people who haven’t considered investing in shares are now looking up, pondering if they are missing out and should get in. Because of the tax advantage, life insurance advertising campaigns often increase by several notches in the …
Let us first understand – ‘What are ULIPs’? Insurance plans are intended to assist people in achieving their long-term objectives. A Unit Linked Insurance Plan (ULIP or commonly known as ‘Ulip’) is a form of life insurance plan that brings together investment alongside coverage. It is the sort of insurance coverage that both enables investors preserve for long-term goals …
Vehicle sales are up year on year, particularly following a period of low demand during Covid. Potential purchasers should seek for the correct insurance coverage to protect their ‘vehicle’ as they decide on the suitable model of cars and two-wheelers. In the thrill of a purchase, it’s tempting to leave the choice about vehicle insurance …
The majority of us strive for financial freedom during our working years. In actuality, having a solid strategy in place is the only way to fulfil your aim to become self-sustaining financially. Although the term “financial freedom” may have different meanings to different individuals, it is simply a condition that is attained when a person …
We need to emphasize ourselves that it is critical to design a well-balanced financial plan to fund the higher education costs of children. In this blog, we will be discussing about how we shall save for our child’s higher education. Although higher-quality education has driven children’s fees to an all-time high in the last couple …
The basic goal of an insurance policy is to give financial stability. When you purchase an insurance policy, you are effectively transferring your risk to the insurance provider. The insurance provider then pays you for the loss if you are impacted by the covered risk. There are several insurance plan types developed to meet each …
Making money is only half the battle; the other half is budgeting your finances to maximise your returns. A comprehensive financial plan is required to plan for the future, deal with contingencies, and build wealth. Personal finance is the science and art of handling one’s own and one’s family’s money. If you are unaware of …
A financial windfall is any unexpected, abrupt inflow of money that exceeds your typical income. A windfall is any quantity of money that you did not expect to get. Unexpected wealth will surely have an influence on your lifestyle and objectives. Windfalls might help you pay bills or acquire assets, but they can also offer …