Opt for Higher sum Assured in term insurance, Pay less premium

Planning to take a term insurance? Have decided for the sum assured already? Wait.... please read the interesting facts below before purchasing Term insurance for yourself. 

Please find below the table in which Premium for various amounts of two cheapest term insurance plans in the market, and surprisingly, its not that you pay higher premium for higher sum assured.

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An Interview with Raag Vaamdatt

Here is the excerpts from Interview with Raag Vaamdatt who runs and maintain his website http://www.raagvaamdatt.com and http://www.PaisaPlanner.com which are one of the topmost blog sites in Personal Finance with approximately 11000 registered readers and 1 lac page views per month.

He has recently left his lucrative well paying job in an MNC and has taken up the blogging full time.

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LIC Jeevan Saral (Table No.165) Review

Jeevan saral(Table No.165) is a very simple and easy to understand Insurance Policy from LIC. It offer high coverage(upto 250 times of monthly premium) , liqidity and option to get additional cover in the form of riders.

This is an Endowment Assurance plan where the proposer has simply to choose the amount and mode of premium payment. The plan provides financial protection against death throughout the term of the plan.

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New ULIP Norms / Guidelines by IRDA effective September 1 2010

Insurance watchdog IRDA on Monday tightened the norms for ULIPs (Unit linked Insurance Products) after winning the battle with the markets regulator SEBI over control over ULIPs. Please find the brief summary of new guidelines which which has to be adhered by the Life Insurance Companies before September 1, 2010.

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New Income tax E-filing software from Income Tax Department include automatic calculation of tax and interest

With last date to file Income tax return is approaching nearby, i.e. 31st July, The Income Tax Department has modified the return preparation software to include automatic calculation of tax and interest and this is available for download free of cost.

New facility added in "My Account" allows registered E-filers to View the Tax Credit Statement (Form 26AS) to verify if the tax payments made by you or TDS deducted from salary or interest etc are correctly reported to the Department. This is crucial to ensure that you receive complete and accurate tax credit for tax payments and TDS reported by you in the I-T return. Please immediately contact the bank or deductor in case of any discrepancy or missing entries.

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Gold ETF's (Exchange Traded Fund) the best way to invest in gold

In this Article we would be discussing in detail about Gold ETF. As we all know that when we buy gold from a jeweller, there is no surity of the purity. When we buy Gold coins or bar through banks, we shell out around 15-20% higher price, however when we want to sell it back, bank will never purchase it . If you want to sell your coin or bar bought by the bank to the Jeweller, they will not give anything more than the market price.

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