I regularly write against mixing investments and insurance. I highlight issues in the cost structures of various investment and insurance combo products. Regular readers would know that I like mutual … [Read More...] about Mutual Funds: The Expense Ratio Trick
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LIC has launched a new online term plan, LIC Tech Term Plan (Plan 854). It is a purely online plan and you cannot buy it from an agent. Due to this reason, this is cheaper than other term life … [Read More...] about LIC Tech Term (Plan 854): A New online term plan from LIC
The Reserve Bank of India has issued a circular dated September 4, 2019, making it mandatory for all new floating rate loans from October 1, 2019, to be linked to an external benchmark. This applies … [Read More...] about Home Loans from October 1, 2019, to be linked to External Benchmark
If you are a home loan borrower, I am sure you have been frustrated by your bank not passing the interest rate cuts to you. Every new iteration of loan benchmark (PLR, Base Rate, MCLR) gives you … [Read More...] about How a Negative Interest Rate Home Loan would work?
There are limits to human memory and attention and it is not difficult to miss basic steps in a task. Therefore, a checklist can be extremely useful. A checklist breaks down a complex task into a … [Read More...] about The Financial Checklist
Annuities are simple products. You pay a lump sum amount to the insurance company and the insurance company guarantees you an income stream for life. These plans have a few variants too. You can go … [Read More...] about HDFC Life Pension Guaranteed Plan Vs. LIC Jeevan Shanti
LIC Jeevan Saral has been in the news lately for all the wrong reasons. The Supreme Court dismissed public interest litigation (PIL) filed by Money Life Foundation requesting the recall of LIC Jeevan … [Read More...] about What went wrong with LIC Jeevan Saral?
The Union Budget 2019 brought good news if you were planning to purchase an electric bike or car on loan. A new section 80EEB was introduced to provide deduction up to Rs 1.5 lacs on the interest paid … [Read More...] about Tax Benefit for Electric Car Loans under Sec 80EEB: What are the real tax savings?
IRDA, the insurance regulator, announced a few changes to product structures of life insurance plans through its latest regulations on Linked and non-linked life insurance products. ULIPs are linked … [Read More...] about New Life Insurance Rules: Lower Sum Assured in ULIPs, Better returns but Higher tax
You have some cash in hand because of the recent annual performance bonus that you received. You have not yet decided how to use that money. You have no credit card or personal loan which needs to be … [Read More...] about Do not Overestimate Tax Benefits on Home Loan Repayment