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Wall leakages, cutlery, plants and more; all that a home insurance may cover
In a home package policy, one can cover furniture , fixtures and prized belongings, as well as items such as cutlery, musical instruments, pet and plants against fire, burglary and accidental damages
Looking for the right asset mix? Avoid these common mistakes
A right asset mix helps you distribute your investment into various asset classes based on your risk appetite and financial goals. Your investment also gets diversified and hence it mitigates the negative impact of any sharp downturn in any particular asset
BT Insight: Why individual health insurance policy matters
When it comes to buying a health policy, most people may do it as a formality focussing more on tax benefits under Section 80D of the Income Tax Act than on details of the policy
BT Insight: The good and bad of investing in new-age ULIPs
ULIPs offer a combination of insurance and investment which makes them a goal protection product as it helps you invest for a life goal and at the same time ensures that the goal is achieved in both cases - when you survive the policy period or when you are no longer around
BT Insight: All that you must know about term insurance policies
Term plans are the cheapest insurance plans. A person in the age bracket of 25-30 can easily get a life cover of Rs 1 crore for as low as Rs 500-600 premium per month
How a right asset mix will help you in wealth creation
In simple terms, the right asset mix gets maximum risk-adjusted returns in-line with financial objectives, time horizon, risk tolerance and liquidity needs
Want to ensure smooth succession of deposits? Get a joint account
Unfortunate demise of a loved one brings insurmountable loss to family members and takes good amount of time for them to come to terms with the new reality. However, one of the biggest pain areas for heirs remains accessing the bank deposits of the deceased person
8 golden financial resolutions that you must take for wealth creation
Wealth creation is a habit that you can inculcate but it needs a resolve and demands time
How goal-based investments boost your wealth creation
The biggest mistake that most investors make in financial planning is ignoring the quantification, that is, calculating the required sum of amount for financial goals
How making a personal budget helps you manage your finances better
As each individual has different earnings, expenses, liabilities, dependents, life goals and the earning life, each individual needs a unique financial plan that works in his/her specific case