Withdrawal limits of pension plans are all set to increase The mandatory guarantee on pension Ulip segment will become optional from February 1
Do I have enough money to retire? This is the most asked question in retirement planning. When I wrote about the need to take charge in your 40s, friends asked for a method to evaluate whether they have enough. Let’s consider some pointers.
The central bank believes that a reduction in rates on the small savings schemes will enable banks to cut deposit rates that have been sticky as banks do not want to lose out on deposits The rates were left unchanged by the government when they were last reviewed at the end of September
Lastly, the pre-determined withdrawal rates may not work if your savings include high-risk investments, prone to market volatility.
LIC yet again beat the industry in the collections with a 44.5 percent YoY growth in new premium to Rs 1.2 lakh crore.
The biggest dilemma for first-time investors has always been the choice between life insurance and health insurance. Which one is more important? What should they choose? Read here.
Are you LIC policy holder and have to pay extra charges during the payment of policy premium? Then from now, you don't have to pay any additional charges on LIC policy premiums. The Life Insurance Corporation or LIC has waived off the convenience fee on all payments, including payment through credit cards.
Now, for those who are short of cash, they can opt to pay their Life Insurance Corp. of India (LIC) policy premiums using their credit card. This is especially useful for those last-minute tax-savers who do not have enough money in their bank a/c.