Tag Archives: insurance

Financially Plan & Make a Difference to Your Child’s Future

On a beautiful late spring afternoon, twenty five years ago, two young men graduated from the college. They were very much alike, these two young men. Both had been better than average students, both were smart and both were filled with ambitious dreams for the future. Recently, these men returned to their college for their 25th reunion. They were still very much alike. Both were happily married. Both had a kid. And both had gone to work for the same industry and held similar positions in different companies. But there was a difference. One of the men’s kid has completed M.S from a reputed university in USA and the other kid has completed a graduation from a local university. What made the difference? Have you ever wondered, as I have, what... 

Unusual Gifts

Sweets, crackers, gold coins, and jewels are the items which come to our mind when we think about Diwali gifts. Let me unbundle some unusual gift ideas for this Diwali here. Gift ideas for children: 1)     Piggy bank: This may not be a great idea. But can be done in a different fashion. That is you gift a piggy bank to a child with 90 one rupee coins. Set a target for the child to make it to Rs.100 in a month. This motivates the child to save Rs.10 extra to make it Rs.100. Like wise you can set a target for a year. Also announce some bonus when the child achieves a particular target. Say when it reaches Rs.1000 give the child a bonus of Rs.100. Idea is not only to gift the piggy bank and to encourage and motivate to save. 2)     Savings... 

Health Insurance

Health insurance is designed to offer financial protection against losses experienced due to illness, accidents, or injury. This type of insurance comes in many forms that offer differing levels of coverage. It can be purchased as part of a group policy or may be purchased by an individual. Group policies are generally purchased through an employer, associations, or unions. They may be less expensive because the costs associated with administration are reduced. In addition, the employees or association may pay part of the premium. Group health insurance has become an incentive for potential employees who are trying to cover their or their families’ health care expenses. Some policies offer managed care. Depending on the policies of a managed... 

Why Investment Giants Collapsed

Part 1: INFLATING THE BUBBLE First bubble element – sub prime mortgages Every great bull market that turns into a bubble has similar characteristics. It starts with a reasonably good idea. Using long-term mortgages to pay for homes is a good idea, with a few important caveats. These are obvious to anyone who has bought a house; like the need for a substantial down payment, the verification of income, an independent valuation, etc. But human nature is such that, given enough time and the right incentives, any endeavour will be corrupted. This is one of the two critical elements of a bubble. What was once a good idea becomes a farce. The problems with the US mortgage market (and to a lesser extent the UK as well) are now well documented.... 

Difference Between LTC Insurance and Long-Term Disability

There is often a degree of confusion when individuals are dealing with long-term care (LTC) insurance and long-term disability coverage for obvious reasons. The average consumer can be forgiven for confusing the two forms of insurance, but it is important the difference is known to ensure that you do not get something which may not apply to what your long-term needs are. There is often a degree of confusion when individuals are dealing with long-term care (LTC) insurance and long-term disability coverage for obvious reasons. The average consumer can be forgiven for confusing the two forms of insurance, but it is important the difference is known to ensure that you do not get something which may not apply to what your long-term needs are. First...