Retirement Planning: Are Fixed Deposits the right option?

Having just the perfect lifestyle all through your blooming age, would you want to compromise on that during your retirement? Well, I know, most of us wouldn’t want to. But the real question is, are we saving to lead such a relaxed and luxurious life post-retirement? Are we doing it in the right way? Before …

Continue reading

Life Insurance Claims over 3 Years Cannot be Rejected

Insurance companies cannot reject claims made on policies over three years. According to the Insurance Laws (Amendment) Act 2015 Section 45 no claim can be repudiated (rejected) after 3 years of the policy being in force even if the fraud is detected. This comes as a relief to policyholders and decreases the probability of their …

Continue reading

19 ways to save tax this 2019

It’s the time of the year again! Everyone will get busy with finding ways to save tax. Upwardly presents to you 19 ways to save tax in 2019. Insurance policy Life insurance premium paid in the year can be claimed for deduction. Premium paid for yourself, your spouse or your children can be claimed under …

Continue reading

New Year, New Habits

This new year let’s inculcate new habits. Taking big steps can seem very difficult but changing small habits which we usually neglect can help one make major lifestyle changes. Master health check up Undergoing a master health checkup once in 6 months can help us keep a tab on our health. They say prevention is …

Continue reading

New Year Resolutions for 2019

Every year we come up with different resolutions to make the year a better one and live life to the fullest. What always tops the list for most of us is to reduce weight and make better money decisions.  We start off the year with full energy to work towards our resolutions but that hardly …

Continue reading

#Couplegoals – Financial planning as a couple

Just married? Or figuring out financial goals as a couple? As a couple, it’s obvious that financial planning in the last thing on your mind, while you are still enjoying euphoria. Going on vacations, dinner dates, movies, parties etc. are the usual couple goals that the younger generation couples have these days. But, making the …

Continue reading

New NPS vs Mutual Funds

With government relaxing the rules on taxes on NPS the question of investing in new NPS or mutual funds for retirement has come up yet again. New changes to the NPS scheme The cabinet approved a proposal to make NPS tax-free on withdrawal. A full tax exemption on 60% of the corpus is allowed to …

Continue reading

Can Mutual Fund Investors Seek Redressal for Their Complaints?

It is very important to know one’s rights and duties in life. As investors, one has several rights and duties to follow. It is very important for an investor to be educated about these. One important right to mutual fund investors is to seek redressal. Mutual fund investors have two levels to seek redressal for …

Continue reading