LIC Jeevan Umang is a non-linked participating whole life traditional life insurance plan. The meaning of whole life is almost literal. The plan matures when you turn 100. Let’s look at at some … [Read More...] about Review: LIC Jeevan Umang
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Met a cousin at a wedding in the family a couple of months back. He is a bright young boy, still in his teens. He had vague idea about what I did for a living. As it usually happens at family … [Read More...] about How much do I need to Invest per month to accumulate Rs 1 crore?
There is a BIG difference between financial planning for retirement (accumulation phase) and financial planning during retirement (decumulation phase). Let’s look at what I mean. In this post, I will … [Read More...] about Financial Planning For Retirement vs. Financial Planning During Retirement
One of the few things that I remember from induction training on the first day of my professional career many years back is a quote from a presenter that Expectation reduces Joy. From the … [Read More...] about The Problem lies not with the Investment but with Investor Expectations
This has nothing to do with LIC. It has to do with the fact that LIC New Bima Bachat is a single premium plan. Review: Salient Features of LIC New Bima Bachat LIC New Bima Bachat is a … [Read More...] about Benefits from LIC New Bima Bachat Plan are taxable
The biggest financial risk during retirement is that you may outlive your retirement corpus. You may have planned really well and planned for the corpus to last till the age of 90 but you are fit for … [Read More...] about When to purchase an Annuity plan?
With non-participating traditional life insurance plans, returns are known upfront. Unlike participating plans such as LIC New Jeevan Anand, the final outcome depends on annual bonuses and final … [Read More...] about Non-Participating Traditional Life Insurance Plans: Why this fixation with Sum Assured?
You invest Rs 10,000 on January 1 every year for 20 years. In the first case, you earn a constant 6% p.a. for the first 10 years and 12% for the last 10 years. In the second case, you earn a … [Read More...] about What is the difference between IRR and CAGR?
I have been getting many queries about the portals/websites/app investors should use to invest in direct plans of MF schemes. Good to see that the awareness about direct plans is increasing. And why … [Read More...] about List of Online Mutual Fund Direct Plan Platforms in India
There is no reason why a Do-it-Yourself (DIY) investor needs to invest in regular plans of mutual fund schemes. There are so many online direct plan platforms around that convenience is no longer an … [Read More...] about How to switch from Regular plan to Direct plan of a MF scheme?