Insurance regulatory authority of India (IRDAI), the insurance regulator, came out with a circular on the 18th of October 2022, directing health insurers to comply and provide cover for mental…
What does purchasing a laptop have to do with financial planning? Ideally a laptop purchase is planned well in advance and done before the current laptop becomes obsolete or too…
Cash flow forecasting gives a 360 degree view of your personal finances enabling you to prioritise financial goals to meet your present and future financial commitments, needs and wants. What is…
As an NRI, are you planning to leave your overseas job and come back to India? What happens to your overseas accounts, savings, NRE FD’s etc? When do you have…
Six weeks into the COVID-19 lockdown and its associated uncertainties. Personal finance basics couldn’t be any more important. Spending on essentials only. Zero spending on lifestyle expenses for 40 days….
Finance bill 2020 provides two options while paying Income tax from F.Y. 2020-21 i.e. Assessment year 2021-22 onwards. How does a resident individual choose an option? Should the individual choose…
Healthcare-related expenses are increasing by 12-15% every year in India. A major operation/surgery/illness can set you back by ₹5 lakhs to ₹10 lakhs or more. Consequently, buying health insurance for…
You’re an NRI. Congratulations. Your NRI status affects your banking and investment accounts as well as Income tax. As per Income tax act, an individual can be : Resident and…
Asset allocation is the amount of money you commit to each of the asset classes such as equity (equity mutual fund/stocks), debt (FD/PPF/ Debt mutual fund/Bonds) , real estate (residential/commercial),…
You know you have arrived when you get a fat increase in your salary and look for different ways to spend it. After all, you feel “I deserve it after…
