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We are all aware of the proverb “Prevention is better than cure”. So, the practical applicability of this proverb in our personal life, that too, the applicability of this in our personal finance comes when we secure ourselves and our high-ticket purchases from any loss or damages. For the majority of us, buying a home …
Being a bank relationship manager is not simple to accomplish, especially when you have to fulfil a sales target that is generally multiples of your take-home pay. These bankers are always trying to persuade their customers to invest in a variety of financial products, such as term deposits and mutual funds. Along with these, they like …
As you may be aware, effective April 1st, 2024, all insurers must offer insurance policies exclusively in electronic form. E-insurance refers to a demat account for storing insurance policies. An e-Insurance Account (eIA) allows you to handle all of your insurance policies, whether they are life, health, or general insurance. You no longer need to retain …
First and foremost, let us try to comprehend what the MWP Act is. The Married Women’s Property (MWP) Act provides financial protection for the spouse in the case of the insured’s untimely death. It assures that the insurance policy benefits are preserved for the wife, independent of any unpaid debts owed by the husband. Irrespective of …
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 …
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 …