Author: Naresh Saini

Buying health insurance is one of the most important financial decisions, but many people make mistakes that lead to unnecessary expenses or rejected claims. Mis-selling, hidden clauses, and inadequate coverage are common issues buyers face. Here’s how you can make a smarter decision and avoid costly mistakes when purchasing a health insurance policy. 1. Cheap Policies Are Not Always the Best It’s tempting to choose a policy with a low premium, but such plans often come with limitations. They may not cover important aspects like room rent, certain treatments, or post-hospitalization expenses. 2. Be Honest About Your Health History Many…

Health insurance has become an essential financial safety net, yet many people end up with policies that fail to meet their needs. Choosing the wrong health insurance can leave you unprotected during emergencies, forcing you to pay hefty hospital bills out of pocket. To avoid such situations, it’s crucial to carefully analyze your options before purchasing a health policy. Let’s explore the key factors to consider and mistakes to avoid while selecting health insurance. Don’t Fall for the Trap of Low Premiums While low premiums may seem attractive, they are often linked to limited coverage. Policies with lower premiums tend…

Many people dream of becoming financially independent but don’t know where to start. If you believe becoming a millionaire is out of reach, think again. With consistent savings and a disciplined investment strategy like the 12x12x24 formula of SIP (Systematic Investment Plan), this dream is achievable. What is SIP, and how does it work? SIP, or Systematic Investment Plan, is a popular way to invest in mutual funds. Instead of a lump sum, SIP allows you to invest small amounts regularly—monthly or quarterly—into mutual funds. These investments grow over time through the power of compounding, where the returns earned also…

The Public Provident Fund (PPF) is one of India’s most popular investment avenues, offering tax benefits and attractive interest rates. It is not only a robust investment option for adults but also a fantastic way to start financial planning for minors. Opening a PPF account for minors can help inculcate a savings habit and secure their future financially. This comprehensive guide will walk you through opening a PPF account for minors, the benefits, eligibility criteria, documentation required, and important considerations. What is a PPF Account? The Public Provident Fund (PPF) scheme was introduced by the National Savings Organization in 1968…

Life insurance policies are often marketed as a must-have financial safety net. While buying a policy may seem simple, surrendering one can be a financial challenge. Many people rush into purchasing life insurance without understanding the long-term implications. However, taking time to choose the right policy can save you from significant losses later. Why People Rush Into Life Insurance Purchases Insurance agents often present life insurance as a simple, one-size-fits-all solution. With promises of financial security, they actively persuade customers to buy policies quickly. Agents are willing to visit customers’ homes multiple times and make the buying process seem effortless.…

In today’s fast-paced world, many people dream of escaping the grind of their 9-to-5 jobs and living a life free from financial stress. Early retirement, once considered a luxury for a lucky few, is becoming an achievable goal thanks to a growing movement called FIRE—Financial Independence, Retire Early. The FIRE strategy emphasizes disciplined saving, smart investments, and intentional lifestyle choices to achieve financial freedom far earlier than traditional retirement age. Let’s dive into how the FIRE strategy works, how you can apply it, and the steps you can take to secure a comfortable early retirement. Understanding the FIRE Strategy: What…

Aadhaar card is one of the most crucial identity documents in India, used for everything from financial transactions to availing government services. If your Aadhaar card gets lost or damaged, it can disrupt many of your essential tasks. But don’t worry—Unique Identification Authority of India (UIDAI) offers an easy way to get a replacement. You can now order a durable PVC Aadhaar card online for just ₹50, and it will be delivered to your doorstep. What Is a PVC Aadhaar Card? PVC Aadhaar card is a polyvinyl chloride (PVC) plastic card that contains all the information from your Aadhaar card…

Investment options are abundant, but choosing the right mix can often be overwhelming. Equity, mutual funds, fixed income, and gold are some of the most popular choices for investors looking to grow wealth or preserve their capital. Each asset class has unique characteristics, benefits, and risks, making it crucial to align them with individual financial goals and market conditions. This writeup delves deep into these investment categories to help you understand their core elements, enabling smarter financial decisions. Understanding Equity Investments What is Equity? Equity represents ownership in a company. When you invest in equity (or stocks), you essentially become…

Term insurance is a straightforward and essential life insurance plan that ensures financial security for your loved ones in case of your untimely demise. Unlike other life insurance policies, it focuses on offering a large financial cover at an affordable premium for a specific time. If you pass away during the policy term, the insurance company pays the sum assured to your nominee, making it a vital safety net for families. If you’re yet to take a term insurance plan, here’s why it’s a wise decision to secure your family’s future. Financial Safety for Your Family Your family depends on…

In the fast-changing world of finance, investing money wisely has become a priority for many. With interest rates on savings accounts often yielding less attractive returns, people are looking at alternatives like SIP (Systematic Investment Plans) and mutual funds. But a common question arises—which one is better for you? Let’s dive into the details to help you decide based on your financial goals and risk appetite. What is SIP? SIP (Systematic Investment Plan) is a disciplined way to invest in mutual funds. It allows individuals to invest a fixed amount regularly—weekly, monthly, or quarterly—into a mutual fund scheme. What are…