What happens if payment of Insurance premium is discontinued? Every Insurance policy is a contract between the insured and the insurer. Be it a Life Insurance, Health Insurance or a Car Insurance, It’s the obligation of the client (the insured in insurance language) to pay the premiums on a timely basis. The claim settlement is…
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…
Owning a home of our own is a dream for most of us. According to a RBI report, 84% Indians have invested in properties to own houses. In fact, unlike before when people used to buy properties late in their careers, people are now investing when young. This is because of many reasons like high…
Diwali is the most-awaited festivals in the sub-continent. The festival signifies the victory of knowledge over ignorance, good over evil, light over darkness, hope over despair. As a practice and ritual, Lord Ganesha, Goddess Saraswathi, and Goddess Lakshmi are worshipped on this day. Thus, emphasizing the importance of wealth, prosperity, knowledge, wisdom, and intelligence. Do…
Kids usually inherit parents’ money habits. Then, why not pass on our positive money traits like planning and budgeting than your negative money behaviors like impulse shopping? In fact, relationship with money as adults mostly depends on experience with money during the upbringing. So, ensure that your sons learn 3 basic money lessons while they…
“The trouble for most people is they don’t decide to get wealthy, they just dream about it.” – Michael Masters If you are unhappy about where you are, find a way to change it. Know yourself, realize your dreams. Identify your higher purpose of life. If your goal is to get rich, identify the factors that…
Saving for retirement is a major focus for young private employees these days. The first question they asked to “When we need to plan for money savings for retirement”? The proper answer is to start saving from the day you start earning. With numerous investment avenues coming up, it is becoming increasingly difficult to choose…
We often find ourselves under a dilemma when a decision has to be taken regarding allocation of surplus cash, whether we should clear off existing liability or invest it into other avenues which can either generate regular income or appreciate with growing markets. Normally such decisions are more emotional rather than logical as we see…
MONEY With money you buy things you need to live. Mom and Dad go to office everyday to earn money. When the dates on the calendar are over, Mom and Dad get paid. The money is put into their bank account. They take the money to buy you food, pay your school fees, buy you…
When Rajan was unwell and suffering severe gastritis, and didn’t have time to consult a doctor, he shared his problem with Gopi who was his office colleague. The issue here is not actually about time management, and that’s what his wife would tell him when he would spend hours playing the Nintendo. The thing is…