I am a salaried worker in the private sector. I am interested in saving for my eight-year-old son. I am confused between ULIP and traditional insurance company plans. Please guide me. Please understand the most important principle of investing: never mix protection and investment needs and buy different products for each need separately. You should … Read more
Ageas Federal Life Insurance recently introduced its latest product: Ageas Federal Life Insurance Golden Years Pension Plan featuring the Bluechip Pension Fund. This plan provides a complete solution to safeguard policyholders’ financial futures, ensuring that their retirement years are not only secure but enjoyable as well. Firstly, it operates as a Unit Linked Individual Pension … Read more
July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting their ITRs, salaried employees wait to receive Form 16 from their employers. Pay information, Tax Deducted at Source (TDS) that the employer has deposited, and other data needed to correctly file the ITR are all … Read more
Term insurance plans are usually meant to provide financial security to the policyholder’s dependents and kin in the unfortunate scenario of policyholder’s demise. Some subscribers, however, don’t subscribe to the idea of a vanilla term insurance plan since there is no provision of return of their investment. Consequently, some policyholders opt for the ULIP (Unit … Read more