Personal Finance


Loan types in india and interest rates


In India, we can avail loan from financial institution to buy car, home.  Loan are classified as two categories. Secure loan and unsecured loan. Secure loan are loan against  property and interest in less compare to unsecure loan.  This post we would discuss on different loan types and interest rates. HOME LOAN: If you are looking money to buy a home or home renovation , avail loan in home loan...

After 8 years, 20 rupees equals to 10 rupees. Inflation vs You.


Wikipedia says “inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy...

Select Right Term Insurance for Your Family


We discussed the importance of term insurance in the previous post. But time to discuss on how to select term insurance, sum assured and add-on with the term insurance. Selecting the Right Term Insurance for Your Family is important in personal finance planning. 1). Decide on sum assured: Term insurance for your family and your kid’s education. So select sum assured based on your...

Traditional life insurance(LIC) is a Risk Cover, Not an investment.


We could see many Indians take life insurance(LIC) and decides that it is an investment. Investment means money grows by investing.  In LIC, money  is growing 4-5% annualized interest. It is less that fixed deposit. We agree that life insurance provides risk cover for the loved one or protection plan for family. But do not ever consider that as investment and do not pay huge monthly premium on...

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