Written on 15 March 2013 by Pankaj Priyadarshi
the-name-is-bond-inflation-indexed-bondBenjamin Franklin once said that the only things certain in life are death and taxes. While taxes may not be true for many people, death is. After...
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Written on 01 March 2013 by Pankaj Priyadarshi
tax-implication-on-bonus-shares-and-stock-splitCompanies pay dividends to share the earnings. They do it in two ways, either as bonus share (also known as stock dividend) or cash dividend. In case of...
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Written on 21 February 2013 by Pankaj Priyadarshi
income-tax-planning-for-2013The season is back, like every year, and the hunt for the best tax saving scheme as well as the best investment has begun. There are some things in life...
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ULIP versus Traditional Plan Print E-mail
Written by Vertical Grass   
Wednesday, 16 May 2012 15:13

Written by Kamna Keshari (Associate Consultant)

 

From last decade Insurance industry has undergone through a drastic change. We can find almost products almost all kind of insurance requirements in the market from children’s education, marriage, to any future requirement. Till now unit linked insurance plan (ULIP) has emerged out to be the best and popular insurance plan among all plans. As it became popular the charges like miss-selling, high fees, and low returns were put on it. This led to the emergence of controversies which made IRDA to come up with a guideline to define the structure and features of ULIP.So let’s have a look upon the traditional insurance plan and ULIP in this article to know about it further.

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Child endowment plan Print E-mail
Written by Vertical Grass   
Monday, 14 May 2012 13:27

Written by Kamna Keshari (Associate Consultant)


Govind is a project manager in a financially sound consulting firm and earns handsomely. He has a daughter of 16 years of age who has just got a scholarship from Hong Kong University. This scholarship will provide free study cost of 30 lakhs however, the living expenses of about 20 lakhs has to be bear by them during the duration of course. Govind, despite of his good monthly income of 2 lakhs, has been struggling to arrange for 20 lakhs. If only he could have planned earlier, he would have sent his daughter abroad without any concern for money.

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The New ULIP Print E-mail
Written by Pankaj Priyadarshi   
Wednesday, 16 November 2011 00:00

ULIP has been quite controversial in insurance space because of mis-selling by the over enthusiastic sales persons, ignorant individuals who lap up any opportunity which promises higher returns, and aggressive marketing by insurance companies. ULIP is certainly market linked and the returns can be high but because of high charges levied by insurance companies, the returns are not as expected by the customers.

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