Abhishek Sharma is a healthy man with a loving wife and two sweet children. By the age of 34, he has charted his financial path with meticulous forethought and planning. He has planned his finances well, from investing systematically in equitiy fund, to buying life insurance. He has Invested in all right products. One day he met with an accident and lost his legs. Wednesday, October 13, 2010
Know all about Personal Accident Insurance Cover from National Insurance Company
Abhishek Sharma is a healthy man with a loving wife and two sweet children. By the age of 34, he has charted his financial path with meticulous forethought and planning. He has planned his finances well, from investing systematically in equitiy fund, to buying life insurance. He has Invested in all right products. One day he met with an accident and lost his legs. 
Tuesday, October 12, 2010
LIC Health Protection Plus Review- Table No 902
LIC’s Health Protection plus is a unique long term health insurance plan that can combine health insurance covers for the entire family (husband, wife and the children) Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet Domiciliary Treatment Benefit (DTB) / Out Patient Department (OPD) expenses for the insured members.This appears to be a very tricky product and when I contacted the agent for details, he was also not clear on many things.
Trade in Silver through E-Silver by National Spot Exchange Ltd
E-Silver is a new incarnation of silver, innovated by National Spot Exchange (NSEL), which enables investors to invest their funds into silver in smaller denomination and hold it in demat form. It is available on the pan India electronic trading platform set-up by National Spot Exchange, which can be accessed through members of NSEL or their franchises. It provided an unique opportunity to buy, accumulate, hold and liquidate "Electronic Silver (E-Silver)" as well as to convert the same into physical silver coin/ bar in a seamless manner.
Sunday, October 10, 2010
E- Gold- The Safe, Secure, Economical and new way to Invest in gold
National Spot Exchange has launched a unique investment product in gold on its platform which is among first in India. It will facilitate small investors to invest in gold in denominations as less as 1 gram, and multiple thereof in demat form.
The would work exactly the cash segment in equities functions, offering Gold in the demat form in smaller denominations (e.g. 1, 2 3…… gms). E- Gold is set to attract the millions of small Investors, who would be required to open a demat account to participate in this.
Considering the wide reach of Brokers/Distributors, and the avalibility of E-Channels to trade in this product, it would be just a phone call away or at the click of a mouse across geography. Investors can now trade and invest in gold just like shares. This product is equally suitable for retail investors of equity market and house hold. The clearing and settlement pay-in and pay-out are based on T+2 cycles.
Friday, October 8, 2010
Want to save more tax? Invest in IDFC Infrastructure Bonds
In the current financial year a new kind of relief has been announced which has never appealed to equity savvy investor which is Investment in Infrastructure bond under Section 80CCF. According to the proposal, individuals can invest up to Rs 20,000 in these bonds in addition to the Rs 1-lakh limit available under Sections 80C, 80CCC and 80CCD.
Entities like LIC , IDFC, IFCI can also issue these bonds or any other NBFC as classified by the RBI can even do this. Lately in September, IFCI issued these bonds on a private placement basis, and now, IDFC has decided to offer the first tranche of these bonds to the public. It plans to raise Rs 3,400 crore through such infrastructure bonds in one or more tranches during FY11. The government of India is IDFC’s single largest shareholder and it provides a range of financing solutions to the infrastructure segment in India.
Tuesday, October 5, 2010
Tax treatment of Investments done before April1, 2012 New Direct tax code into effect
the day I have written about implications of New Direct tax code on Personal Finance, I have recieved numerous mails from readers regarding the maturity proceeds of investments they have already done. Also many of them want to know about benefits on yearly commitment in long term investments for many years to come, eg, Life insurance policies Premium etc. Most of us are really nervous and worried about how New DTC will effect their investments
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