Term insurance has the been the simplest form of life insurance product to understand. The insured pays regular premiums during the policy term and in the event of his death, the nominee gets a lump sum death benefit. However, it is possible that somehow the basic purpose of buying life insurance to take care of a family in the absence of the breadwinner may not be truly met. This usually happens when the family is not financially equipped to handle the huge insurance claim w

Mobile commerce is booming in India and businesses are fast leveraging the explosive mobile growth to offer a common platform for daily financial transactions. Mobile friendly websites and apps are all making it possible to shop online, book movie, tickets, pay bills, etc. The governments audacious demonetisation move and the massive push to go cashless has given further impetus to mobile wallets, popularly known as E-wallets. What are E-wallets? E-wallets or mobile wallets a

The National Pension Scheme (NPS) is a government backed defined contribution retirement product. The objective of NPS is to provide a pension plan to the ageing population of the country. The returns are not guaranteed and linked to markets unlike the traditional pension products. Presently, what is luring investors to consider investment in NPS is the additional tax incentive of Rs.50,000 available under section 80 CCD (1B). This is over and above the Rs.1.5 lakh deduction

The Government has come out with the issuance of the first tranche of sovereign gold bond (SGB) scheme announced in the Union Budget earlier this year. Application for the bonds would be accepted from 5 November to 20 November 2015. The bonds would be issued on 26th November. SGBs would be available only for Resident Indians. Key highlights of the scheme: The gold bonds can be held either in paper form or demat form. Each bond unit is equivalent to 1 gram of gold. The Governm