Impact Of Capital Gains Taxes On Your Mutual Fund Investments
Understand capital gains taxes to optimize your mutual fund investments. Learn tax implications, benefits of long-term holdings, and tax-saving strategies.
Insurance
How Life Insurance can enhance your Estate Plan
Key Takeaways An adequate estate plan will include all details on how one’s assets should be preserved, managed and distributed upon their demise. Life insurance proceeds are the fastest way of getting access to cash payouts which are crucial to settle any outstanding debt, taxes and other immediate expenses such as funeral arrangements. Life insurance …
Tax savings under section 80D explained
Key Takeaways Tax deductions are reductions in the tax amount that a person has to pay by reducing the taxable income of an individual. Tax deductions under section 80D include health insurance premiums and other healthcare costs such as preventive health check-up payments made for self, spouse, dependent kids and parents. The maximum deduction for …
5 health insurance jargons you need to understand
Key Takeaways Sum assured refers to the main limit of coverage that your health insurance plan offers. Sub-limits are caps on the maximum amount your insurance policy will cover for specific areas of benefits. Co-payment is the portion of the bill that your insurance doesn’t cover and you need to pay out of your pocket. …
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Here’s why you should do your estate planning
Key Takeaways An estate plan determines how an individual’s savings and assets get distributed after their passing. Most people ignore this topic because dying is seen as a distant eventuality and hold the erroneous notion that estate planning is for the wealthy. Estate planning enables you to distribute your assets – irrespective of your net …
Critical Illness Coverage: Why it shouldn’t be ignored
An often neglected yet important financial product, critical illness coverage has often been misunderstood, mis-sold and confused with health insurance. To better understand the need for this insurance, let’s look back in time to see how the concept came about. Contrary to what you would expect, critical illness coverage wasn’t conceived by a financial company …
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Insuring yourself against skyrocketing healthcare costs
Just a few years back, India was a country with relatively affordable healthcare services. However, this perception and the cost of healthcare has changed rapidly with rising inflation in healthcare costs, which is double the average retail inflation (CPI). Now a major illness could affect your bank account significantly, depleting your hard earned savings. Just …
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Life coverage: The most important financial product you’ll ever buy
At some point of time in life, someone, somewhere has tried to sell you an insurance policy. The idea of insurance may remind you of experiences of hard-selling, pushy sales people, and incessant nudges from that annoying relative / friend, just to get you to sign up for a policy. So, why does that happen? …
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Term Insurance Vs Life Insurance: Which is better?
There has been an age old debate about which is better. Different people will give you varying answers depending on their vested interest and level of knowledge. The conflicting views might understandably leave you confused but the answer is easier to arrive at than you might think. All you need to look at are the …
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