How to estimate your ideal term life insurance cover
A term life insurance plan provides a lump sum payout to your family in case of your death, helping them settle debts, fund future expenses and meet regular costs. Without calculating the…
All posts tagged in financial planning
10Articles
Financial freedom for women requires knowledge, not just income
The Economic Times reports that earning money and having financial freedom are not the same, especially for women. Building long-term wealth requires a deep understanding of financial planning, yet many women with…
Pension, FD interest, rent taxable even after retirement
Many retirees assume their tax liability ends with their salary. The Economic Times reports that monthly pension, interest from savings accounts, FDs, post office deposits, and the Senior Citizens' Savings Scheme remain…
Freelancers must diversify income streams for financial stability
Livemint reports that freelancers and gig workers face irregular income and risks from AI, requiring them to diversify services and build multiple income streams. Financial experts recommend maintaining a liquidity buffer covering…
Invest for children’s choices, not predetermined careers
Livemint.com reports that a financial planner argues parents should invest not to fund a specific career but to give children the freedom to choose their own path. The article cites the writer's…
Budgeting and financial safeguards can protect long-term wealth
A workable monthly budget, an emergency fund and suitable insurance can prevent routine financial mistakes from damaging long-term wealth, the Hindustan Times and Mint report. Advisers recommend reviewing six months of bank…
HDFC Life, HDFC Bank leaders debate insurance as asset
Times Now reports that HDFC Life has released a new episode of its Life Sessions series, featuring Vineet Arora from HDFC Bank and Lavneesh Gupta from HDFC Life. They discuss whether life…
Child-free couples need bigger retirement corpus
Many child-free couples believe they need a smaller retirement nest egg because they have no children to raise. But experts say this assumption can be dangerous. Without adult children to step in…
55% of Indian employees can’t cover expenses if they lose job
A new Finsafe India report finds that 55% of working professionals are not financially prepared to meet expenses if they lose their job, up from 51% last year. The survey of 4,532…
3-6-9 rule: calculate your emergency fund savings goal
The 3-6-9 rule is a thumb rule for building an emergency fund, livemint.com reports. For a single person with steady income, save three months of expenses. If you have dependents but a…
