Insurance Proposal Acceptance Process – Some key questions are answered in this blogpost. What happens when you submit a proposal for insurance cover? When you submit a proposal for an insurance cover, you have essentially made an offer to enter into an insurance contract. In most cases, this offer is readily accepted by the insurer….
Here’s an year-wise plan on how to become a millionaire in 10 years… Year 1: Setting the Foundation Year 2-3: Increasing Income [How to become a millionaire in 10 years] To realise the plan, some of the side hustles that can be taken up for increasing the income are listed below: Year 4-5: Debt Reduction…
Personal loans are a versatile financial tool that can help you navigate various life situations, from consolidating debt to funding a major purchase or covering unforeseen expenses. One essential aspect to consider when taking out a personal loan is the interest rate, as it significantly impacts the overall cost of borrowing. In this blog post,…
As the festive season approaches, both online and offline retailers are rolling out enticing offers, especially in the form of no-cost EMI schemes on gadgets and home appliances. While these EMI options might seem like a convenient way to make purchases, it’s essential to understand how they work and what you should consider before opting…
In the ever-evolving landscape of taxation, navigating the maze of tax exemptions can be quite a challenge. If you are still operating within the old tax system, the need to explore investment options for tax exemptions is paramount. However, these investments should not only be about saving tax but also about securing your financial future…
What is the housing loan subsidy scheme recently announced by the central government ? The central government recently announced an interest subsidy scheme on housing loans, which aims to provide financial relief to the poor living in urban areas. This scheme was initially introduced by Prime Minister Narendra Modi in his Independence Day speech. How…