Latest from Arthayantra

What is Free Look Period in Insurance?

‘Insurance is a subject matter of solicitation.’ We see this line in almost every advertisement and literature soliciting and/or canvassing Insurance. This means Insurance has to be solicited by us and after examining our risks the insurance company will provide us the risk coverage. While this is theoretical, on the ground we see a lot…

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How to Refinance a Home Loan

Refinancing a loan is where we change the interest rate levied on the loan or the tenure of the loan. Technically, a new loan is taken that is used to prepay the existing loan. This option is available only for home loans. We look at refinancing an existing home loan for one or more of…

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Debt Trap

In this age of consumerism, we all use debt. We borrow from willing parties and in return pay to them an interest in addition to returning the principal. Loans are available to us from multiple sources and they are of multiple types. Banks provide home loans, car loans, personal loans, overdraft loans, credit companies provide…

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Fundamental Money

We all are aware of money. We interact with it everyday. In that everyday nature of our dealing with it, we tend to sometimes add and sometimes forget what it actually is. Here, I attempt to simplify the concept. Money is the value within. Let’s understand this with an example. Picture a seed. A seed…

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Risk – Manifestation & Management

In a previous post, we explored the nature of risk. We had discussed that engagement with risk is necessary, and that engagement with risk brings about uncertainty. The manifestation of risk can be understood by using the construct “If a particular event occurs, then a particular impact occurs”. Further, the management of risk is then…

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Cost of Delaying Insurance

As a living being one has to face risk, risk here is referred as an uncertain event leading to uncertain outcomes taking various forms in life, health, wealth etc. These risks are not frequent and chances of occurrence are also low but when they occur they cause a devastating effect in one’s life. As one…

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Risk Explored

Risk is the possibility of losing something of value. Values (such as physical health, social status, emotional well-being, or financial wealth) can be gained or lost when taking risk resulting from a given action or inaction, foreseen or unforeseen (planned or not planned). Risk can also be defined as the intentional interaction with uncertainty. Uncertainty…

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How to use a Financial Planner

So, there you are, you have the intent to build a secure financial future, you have even contracted a qualified financial planner to help you with this. Now, how does one derive the maximum value from a financial planner. Be clear about the relationship. Using a financial planner is like using a doctor. Now, don’t…

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