All Insurance News and Plans

  When it comes to selecting the ri ght saving plans , risk-averse investors often debate between fixed deposits (FDs) and mutual funds. Both options serve different financial objectives, offering varied returns, risk levels, and liquidity. Understanding their differences can help inve stors make informed choices based on their financial goals. Understanding Fixed Deposits and Mutual Funds Fixed deposits are offered by banks and financial institutions, where investors deposit a sum for a fixed tenure at a predetermined interest rate. The principal and interest are guaranteed, making FDs a secure saving plans . Mutual funds, on the other hand, pool money from multiple investors and invest in stocks, bonds, or a mix of assets. While they offer the potential for higher returns, they are subject to market fluctuations, making them riskier than FDs. Comparison Between Fixed Deposits and Mutual Funds Risk Factor FDs are low-risk investments, providing guaranteed returns without market vo...

  Saving money is crucial for salaried professionals to achieve financial security and long-term wealth creation. Whether the goal is to build an emergency fund, plan for a major expense, or secure retirement, selecting the right saving plan is essential. Here are some of the best saving plans in India that offer stability, returns, and tax benefits. Top Saving Plans for Salaried Professionals Public Provident Fund (PPF) A government-backed scheme with a 15-year lock-in period. Offers tax-free interest and benefits under Section 80C. Provides compounded returns, making it a great long-term wealth-building tool. Employee Provident Fund (EPF) & Voluntary Provident Fund (VPF) EPF is a mandatory retirement savings scheme where both employer and employee contribute. VPF allows employees to contribute more voluntarily for higher savings. Offers tax benefits and a stable interest rate, currently around 8.25%. National Pension System (NPS) A retirement-focused investment plan with tax...

  When it comes to financial planning, individuals often debate whether life insurance investment is a smart choice or if mutual funds and stocks offer better returns. Life insurance primarily provides financial security to dependents, while mutual funds and stocks focus on wealth creation. Understanding the differences and benefits of each option can help in making an informed decision based on financial goals and risk appetite. Is life insurance a good investment? Life insurance serves as a safety net for dependents in case of the policyholder’s death. Some policies, such as endowment plans and unit-linked insurance plans (ULIPs), offer a savings component alongside life cover. However, the primary purpose of life insurance is protection, not wealth generation. Key benefits of life insurance investment Financial security – Ensures that dependents receive a lump sum amount in case of the policyholder’s demise. Tax benefits – Premiums qualify for deductions under Section 80C, and...

  Financial planning involves selecting the right insurance and savings plan to ensure long-term security. The POS Goal Suraksha plan is a simple and accessible life insurance product designed to provide financial protection along with guaranteed benefits. This policy is ideal for individuals looking for a risk-free way to save while ensuring their family’s financial stability in case of an unforeseen event. Understanding how this plan works and its key features can help in determining whether it is a secure option for savings and insurance. What is the POS Goal Suraksha plan? The POS Goal Suraksha is a non-linked, non-participating life insurance plan that offers guaranteed benefits. It combines life cover with a savings component, making it a reliable choice for individuals seeking security and financial growth. This policy is particularly beneficial for those who prefer a straightforward insurance plan with assured returns. Key features of POS Goal Suraksha Guaranteed benefits ...