Home loan interest rate benchmarks have kept on changing over the last decade. We used to have the Prime Lending Rate (PLR), which was replaced by Base Rate. The base rate, in turn, was replaced by the Marginal Cost of Funds based lending rate (MCLR) a couple of years back. Now, SBI is launching a home loan product where the benchmark is linked to the Repo rate. Internal … [Read more...] about PLR, Base Rate, MCLR and now RLLR (Repo rate linked lending rate)
In one of our previous posts, we had reviewed a traditional plan from HDFC Life Sanchay Plus. In this post, let’s look at another popular traditional plan, HDFC Life Super Income Plan. Traditional plans are opaque, provide low life cover and poor returns. Therefore, I do not hold a very high opinion of traditional life insurance plans. However, before writing off any … [Read more...] about Review: HDFC Life Super Income Plan: Makes sense?
Many people don’t trust insurance companies. You may pay the premium for many years but still can’t be sure if the insurance company will return the favour when you make a claim. This is a prominent reason why many choose not to purchase insurance despite being fully aware of the risks of staying uninsured. Insurance companies haven’t done themselves proud either. There is no … [Read more...] about Your Health Insurance claim won’t be rejected after 8 years
ICICI Prudential Future Perfect is a traditional life insurance plan. A part of the maturity amount is guaranteed while the other part is variable and linked to the investment performance. In a way, it is a hybrid product where it retains some features of both non-participating and participating traditional plans. Let’s find out more about ICICI Prudential Future Perfect and … [Read more...] about Review: ICICI Prudential Future Perfect Plan: Not so perfect
While a home loan helps you purchase your dream house, an EMI is an unwanted by-product. If I were to tell you that there is a home loan product where you don’t have to pay EMI, what would you think? Don’t get too excited. You still have to make loan payments. Just that your monthly loan payments won’t be the same every month. EMI stands for Equated Monthly Installment. … [Read more...] about Axis Bank QuikPay Home Loan: A home loan without EMI: What’s the catch?
LIC New Jeevan Nidhi (Plan 818) is a pension plan from LIC. You invest for a few years. At maturity, you utilize the accumulated funds to purchase an annuity plan. Simple, isn't it? Let’s find out more about LIC New Jeevan Nidhi and see if it warrants a place in your investment and insurance portfolio. LIC New Jeevan Nidhi: Key points Two premium payment options: Single … [Read more...] about Review: LIC New Jeevan Nidhi (818): Pension plan from LIC
Most of us have to take home loans to purchase a house. Home loans come in multiple variants. One of the popular home loan variants is a Home Saver Loan. A prominent example is the SBI Maxgain Loan product. In this post, I would briefly touch upon how home saver loan products work and what are the things that you must keep in mind if you have already taken such a loan. How … [Read more...] about Things to keep in mind if you have SBI MaxGain Loan
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 another 10 years by the time you turn 90. What do you do then? How will you provide for your basic expenses? Is there a way you can do away with this longevity … [Read more...] about Retirement Planning: When to purchase an Annuity plan?
Investing in Government Securities has become simpler. The Reserve Bank of India had notified, in November 2017, that stock exchanges can act as aggregators for retail investor and thus facilitate bidding for Government securities at RBI auctions. Discount broker Zerodha and NSE came out with the online facility to purchase Government bonds recently (late 2018). In this post, … [Read more...] about You can now invest online in Government Bonds easily. Should you?
Every few months, we see Non-convertible debenture (NCD) issues from various companies. As on date (September 7, 2019), the NCD issues from Tata Housing, Aadhar Housing Finance and IndiaBulls Commercial Credit are live. Should you invest in such NCDs? Well, in this post, I will not review any particular issue of NCD. I will focus the benefits and risks involved in investing … [Read more...] about Should you invest in Non-Convertible Debentures (NCDs)?