The topic of Life Insurance is very close to my heart. Recently, I was watching a new campaign of Birla Sun Life Insurance. The theme of the campaign is #KhudKoKarBuland. I was able to co-relate the campaign with the experiences of the readers of this blog. I will share some of the real-life cases later in the post. Normally, I observed that life insurance campaigns are closer to reality than any other campaign. Over a period of time, there is a sea change in the theme of the life insurance campaigns. In past, I remember the campaigns were themed around fear factor. Now the brands are trying ... Read More
Financial Misjudgement – Top 5 that can Cost you Heavily
Financial Misjudgement is very common during the lifetime of an individual. It may be due to ignorance or lack of awareness. The minor financial misjudgement can be corrected easily and does not have a too much financial impact. On the other hand, financial misjudgement in some of the major financial decisions can push you couple of years back financially. Financial awareness is one of the weak areas in India. In some of my posts, i even suggested to include the basics of personal finance in school or college curriculum. As an individual, we have very limited resources to invest. India's ... Read More
Financial Secrets – Top 5 you should not share with anyone
Financial secrets is a bad word. Financial planners or experts suggest that Financial secrets can KILL any relationship. I agree but only if the intent is financial infidelity. Sometimes Financial secrets are good if the intent behind the same is good and may prove to be healthy for any relationship. It's NOT a Secret that Money can be both blessing and a curse. It is one of the three key reasons for all the disputes/crimes in this world. My blog cover two such reasons i.e. Money and Property. The third one is women. Some blogs are dedicated to relationships including that of one of my good ... Read More
Joint Life Insurance – Check Out the Details Before You Buy
Recently during a casual discussion, one of my readers told that he has opted for joint life insurance cover. Out of curiosity, i asked him the reason for same. He told me that it is cost effective. He bought joint life insurance with his wife. I was actually stumped. This guy availed home loan and was looking for a term insurance to cover the home loan. The insurance agent pitched for joint life insurance and he happily agreed. I was wondering, how can someone buy an insurance just because it is cost effective. He has not checked all the features of the policy. It means insurance company has ... Read More
Married Women Property Act – A 360 degree protection
Married Women Property Act - I am sure, not many people have heard about this act. I was under the impression that lawyers must be aware of Married Women Property Act but i was wrong. Recently, i was discussing a case with one of the lawyer (I am not a lawyer). I shared reference of Married Women Property Act from a personal finance perspective. He was clueless on the same. Anyways, there can be multiple reasons for the same. Only info available on the web is related to section 6 of the Act. In other words, people know about this act because of section 6. Any insurance policy under section 6 ... Read More
Housewives – 5 Steps to Financially Secure The Future
According to a rough estimate, India has approx 60 Mn Housewives. The surveys suggest that there is a very little financial awareness among housewives of the society. Thanks to male-dominated Indian society. In India, financial planning is linked to the breadwinner of the family. Logically, there is nothing wrong in it from a financial perspective. It's a misconception that Financial Planning is always linked to Investment. To financially secure a future and financial planning are different from each other. In past, there was a proposal floated to include the contribution of housewives to the ... Read More