When purchasing a life insurance, people get confused whether it is wise to have a cover till just the age of 60 or to keep it till 70 or even the age of 80-85. And then if the confusion wasn’t…
Category: Life Insurance
Is a Rs 50 lakh or 1 Crore Life Insurance Enough?
Rs 50 lakh or Rs 1 crore - these don’t seem like small amounts. But whether these amounts are enough (for life insurance) or not is another question. Most people are unable to calculate the right insurance amount. To be…
A Portfolio to ensure that Life doesn’t F*** You!
Yes. There is a portfolio that you should create if you don’t want life to f*** you. And no, it does not include any shares. I am talking about having an insurance portfolio. Many of you may feel that this…
Real Life Example – Tragic Consequences of being Under-Insured
This is a sad example. And of a close relative of mine. Without disclosing the real identity here, I hope this example can help convince those - who still have doubts about having a big enough life insurance cover. Almost…
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Why you should convince your Close Relatives to get Insured too?
Shouldn’t you just be bothered about getting you and your immediate family’s life and health insured? Ofcourse you should be. Immediate family comes first. And you don’t want to leave their health and post-your-death-family-expenses to chance. Isn't it? So definitely,…
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Insurance is not Investment. Don’t Mix the Two!
Is life insurance a good investment? If you want a one-word answer, then its NO. Life insurance is not an investment. Period. Comparing insurance and investments and trying to pick either of two (or combining them) - is one of…
How much Life Insurance to Buy & How To Calculate the Right Amount?
A reader had a very specific question in Personal Financial Concerns Survey 1.0. It was about calculations related to life insurance amounts. This is what he had to say: In past, I have bought insurance policies for saving taxes and…
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4 Common Mistakes to Avoid while Buying Your Term Insurance Plan
I have always been of the view that it’s wiser to keep investments separate from insurance. And that means sticking only to plain-vanilla term insurance plans instead of moneyback endowment policies. Buying term insurance is very important to fulfil your…
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292 Words to Change Your Financial Life…Today!!
This post is inspired by Rohit’s brilliant post on how to manage your money. I am borrowing a few of his ideas & adding a few myself. Never depend on just one source of income. Save at least 20%…
The Perfect Business
The perfect business. Is there such a thing at all? Do you know of a business which might qualify as a perfect business? Oil? FMCG? Trading? No... these may be good businesses, but there is one which is much better. And…