Category: Personal Finance

When it comes to managing money and keeping it altogether, some people don’t just get it right. Some will even go to the extent of repeating the same financial mistakes over and over again. There are mistakes that you cannot afford to be repeated twice because of their severity. You might have probably heard of… Continue reading What Are The Most Common Money Mistakes That You Should Avoid?

ULIP is a great way to start investing your money and getting substantial returns in the long run. There are multiple reasons as to why should I invest in ULIP. The premium is invested in 2 parts – the first part fulfils your life insurance needs, and the other part helps you grow your money.… Continue reading Brought A Wrong ULIP? Know-How to Cancel Your Policy and Get the Right One

Since their inception, Unit-Linked Insurance Plans (ULIP plans) have gone through a lot of upgrades and regulatory changes. The concept remains simple – ULIP is a dual-objective product, designed to fulfill the life insurance as well as investment needs of the policyholder. However, in its early days, it was not a popular product. It gained… Continue reading Why You Should Never Surrender Your ULIP during the 5-Year Lock-In Period

The basic idea behind buying a term insurance plan is to ensure the financial security of your loved ones when you are gone. Online term plans have inclusions for a ‘sum assured,’ which is a lump sum amount that a nominee gets upon the death of the policyholder. However, as compared to traditional life insurance… Continue reading 3 Reasons Why You Should Renew Your Term Insurance Plan Today

ULIP, i.e., United Linked Insurance Plans is a combination of insurance as well as investment. A policyholder can pay a premium monthly, annually, bi-yearly, etc. A minimal amount of this premium goes towards providing a life cover, and the remaining money is invested in funds such as equity or debt. You can spread your money… Continue reading Should You Buy A ULIP? Take This Little Test and Find Out