Skip to main content

Posts

Education: The Most Essential Investment

Education is one reason for the development of civilization. Every tradition and culture grows depending upon the knowledge imparted to them through their ancestors. Education is realistic and helps in solving problems in the world in a more simplified manner. Education is learning in which the knowledge, skills, values, benefits and beliefs of a group is transmitted from one generation to another through discussions, teaching, training and research. One can even learn to think, feel or act from their experiences. Education is one of the essentials of investment.
Inflation Rate in Education Sector
Inflation rate in education sector is constantly growing high. With every passing year, the graph of inflation is growing in education sector. Every parent wants to give the best education to their child, and thus to meet the education needs of your child, it is important to make the right investment at the right time. Insurance is your investment for the future happenings and ensures a healt…
Recent posts

HRA Exemption - Maximize Tax Benefit In India

We have already talked about what house rent allowance (HRA) is and how it can help you save money on rent as well as via tax return. Thanks to Section 10(13A), those who are salaried employees and are living in a rented accommodation an avail this exemption and save on money that they pay as rent on a monthly basis.
Even those who are not salaried or are self-employed can the benefits of house rent allowance under section 80CG, which is a similar law to 10(13A) but has certain conditions that have to be fulfilled. HRA exemption can be claimed for:
1.A set amount of HRA as received from the employer 2.Actual rent paid which is in excess of 10 per cent annual salary 3.50 per cent of basic pay if you live in metro cities and 40 per cent at non-metro cities Under the term ‘salary’ for which HRA exemption can be claimed, these can be included: 1.Basic salary 2.Dearness allowance if it is provided by employer 3.Any commission paid to the employee
Some Important Criteria To Be Fulfilled
 There are …

Promise a Secure Future to Your Child

Your child is the backbone of any civilization as they carry forward the name, tradition and history of human race forward. Every parent’s priority is to provide the best education to their child. This can be a challenge for many parents as the rate of inflation in education sector is growing with every passing day. Providing best education to your child has become a nightmare for most of the parents.
A child insurance policy is the solution that can promise a secure future to your child. These policies offer benefits towards your child’s education. These plans not only ensure that your child gets financial help to pursue higher education, but also provide benefits at various stages of their life like marriage, admissions etc. Insurance is like investment which offers more coverage and benefits than any other financial product.
Few Child Investment Plans1.SBI Life- Smart Scholar·It is a non-participating Unit Linked Insurance Plan (ULIP). If you are not around, this scheme offers dual p…

Postal Life Insurance and Life Insurance Corporation of India: What’s the Difference?

When we talk about insurance policies by government, Life Insurance Corporation (LIC) is the first organization that comes to our mind. But not only LIC, Department of posts too offer life insurance under name of Postal Life Insurance (PLI). PLI was launched on February 1, 1884 and is the oldest insurance service provider. Only people working in government organization or associated with it can be a part of the scheme. On the other hand LIC policies are available to every Indian citizen, thus making it more popular among Indian population.
What is Postal Life Insurance?Postal Life insurance is an insurance policy that is applicable for all the government employees, be it an employee of military force, financial institution, Deemed University etc. Any person from private sector cannot choose this policy. The entry age is 19-55 years for all plans except the child plan. Maximum entry age under children policy is 45 years; and the child should be between 5-20 years. The sum assured should…