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A Participating life insurance plan, as the name suggests, participates in the profits of the insurance company. So, if you hear about simple reversionary bonuses, final additional bonus, and loyalty additions, you are most likely looking at a participating plan.
Recently, I watched an advertisement by a leading insurance company where the company offered to provide emotional counseling and financial planning services to the family member in the event of demise of the policy holder. You can watch the ad
If you are an NRI and are returning to India permanently, you need to convert your non-resident accounts (NRO, NRE) to resident accounts. You should be allowed to continue your NRE FDs as resident FDs at contracted rate till maturity.
Will you prefer to receive Rs 100 today or Rs 100 five year later? Will you prefer to receive Rs 10,000 today or receive Rs 100 per month for the next 100 months? The answer is quite clear to all
In earlier post, I had discussed that you may NOT be far from a day where your credit score will determine the interest you pay on your loans. In fact, a leading bank has already started doing this. Therefore, it
Amit maintains a relatively high balance in his savings account. He gets a call from his Bank Relationship Manager that he opt for Auto-sweep facility. RM tells him that he will earn better return than savings account and the money