Insurance is nothing but a tool to protect one’s family from the financial impact of the premature death of the bread winner of that family. With the demise of the earning member, the family looses its primary source of income and insurance is intended to replace that income, partially or fully. It in fact has [...]
Read moreDo You Know #8: You can retain the No Claim Bonus when you sell your car. Consider this. You have owned a car or two wheeler for five or six years now and maintained it like your child. You drive it so carefully (and have been lucky too, as there are millions of others on [...]
Read moreAssume Ram is the bread winner of his family. One fine day, Ram dies in an accident. Now how does his family manage their lives without his income? Now suppose others in his society, out of sympathy, come together and contribute money to help his family. But they all start wondering what if the same [...]
Read moreSome important changes are set to happen in financial products in the near future. Here’s a look: a. Nominations become mandatory in Mutual Fund (MF) investments from 1-4-2011. From the above date, individual investors need to mandatorily provide for a nominee while making their investments. You may further note the following about nominations in general. [...]
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