All insurance plans will become taxable – this is terrible news for life insurance policy holders. How capital gains will be calculated will be a major issue. The cap gains calculation will have to be done by the life insurance company – after all they know all the transactions. So software guys enjoy..all life insurance […]
On one side Mr. Swarup says financial products should become cheaper. He also says that the customer should pay for the advisor’s services. This is a great move the person who is getting the services can choose how much to pay. However the IRDA has one funny (weird) condition in its armory. There is something […]
An asset should bring you money. If this is the definition of an asset – your golf kit, your gold jewellery, your Mercedes, the house in which you live, – normally what people consider assets suddenly look like ‘expense’ rather than an asset! Every cheque that you sign is either an expenditure or the purchase […]
Question: I’m a 56-year-old teacher and my husband recently passed away. I own the home in which I live, but do not have a pension or any investments. All my monies are in public provident funds, national savings certificates, and bank deposits. However, I will receive Rs. 20 lakhs from my husband’s life insurance policy. […]
A few days ago I had done a post saying from whom you should not buy a life insurance policy, here is the sequel to that Having said what CANNOT be the reasons NOT to buy from a set of people, lets look at what you can do to protect / save yourself from trouble: […]
We are in the midst of an economic slowdown for sure. The west is down to growth rates of 0 and 1% per annum. Dropping oil prices will mean Sovereign Funds will have lesser monies to spend, and IT companies will also bring in lesser revenues. When the going gets tough, the tough go shopping! […]
It is customary for industry bodies to time and again talk about “irresponsible” selling or mis-selling by “unethical” agents (by what ever name called). Let us look at what exactly constitutes mis-selling. Mis-selling as understood by the common man means “selling a product which is inappropriate for the client”. However let us look at the […]