Mutual Funds | Insurance | Investment |

Money is one of the most important aspects of our lives. It is the primary medium with which we transact with our surroundings. But money isn’t available in abundance and has a tendency to change hands too soon, and, thus should be used wisely. Its righty said that money doesn’t grow on trees; it is to be saved for the future. Investing money makes sure that its growth continues unhindered and the future of the individual and her family becomes secure. The art of financial discipline helps individuals to achieve their financial goals in a structured manner. This art should be learnt from very early on so that the gains can come sooner, thus, giving your money more time to grow over the years. Even children should be taught about financial control so that when they are of investing age they are ready with a reasonable degree of investing knowledge. Parents generally tend to give lesser importance to imparting financial education to their children. They think, taking financial decisio...

Our kids hold a very special place in our lives. The lives of the parents revolve around their kids. Parents take all efforts to make the future of their children secure and bright. Whether it be material needs, emotional needs, or financial needs, parents ensure that all these are met with their available resources. A lot of parents start planning for the financial needs of their kids from quite early on. Be it financing for kid's higher education or their marriage , parents plan for these expenses years in advance. And when it comes to investing for the future, there is no better alternative than mutual funds . Not many people are aware of the fact that they can invest in the name of their minor children in mutual funds . This way they can segregate the money from their overall investment corpus which can be used to meet the child's financial needs when she reaches different life stages. Many parents invest in their own names and try to create mental segregation but there ar...

The majority of the people who buy zero depreciation motor insurance policies are under the impression that in case of an unfortunate accident they won't have to pay anything. But, even with zero depreciation cover there are a host of expenses that have to be borne out of your pocket until you purchase the specific add on cover. We talked about the benefits of engine protection cover  a few weeks ago. Today we will discuss another important but often overlooked add on i.e. the Consumable Cover . Consumables are those items which are subject to general wear and tear and can't be reused once they are installed. The example of consumables are nuts, bolts, AC gas, engine oil, gear oil & other lubricants, radiator coolant, weight balances, and other such things which once used can't be reused. Nuts and bolts can't be refitted once the car is dismantled for repairs. The cost of consumables is usually small in comparison to the total insurance claim but if you don't ...