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LIC provides a wide range of life insurance plans intended to generate improved returns. The following LIC schemes have the full benefits for you-Jeevan Akshay VI, New Children's Money Back Plan, New Endowment Program, New Money Back Plan- 20 years. These days, consumers are looking into policies promising better returns on the premiums charged. LIC offers a detailed list of policies designed to offer optimal benefits alongside defense. The four best insurance policies given below are: Jeevan Akshay VI, LIC: LIC Jeevan Akshay VI is an instant annuity product that guarantees a steady cash flow up front for a lump sum payment. The annuity as set out in the contract should be paid over the policyholder 's lifetime. It comes with several options about program form and payment modes. The annuity options available under Jeevan Akshay VI are as follows: Annuity payable at a fixed rate over the insured 's life. Any annuity payable for a term of 5, 10, 15 and 20 years. ...

There are two main elements to speaking effectively: *What you say, and how you say it.* What you say means your choice of words. The words you might use when chatting to a friend are likely to be quite different from those used in a formal presentation or interview. Similarly, the way you speak will also vary in different situations. *Aspects of Effective Speaking* Effective speaking means being able to say what you want to say in such a way that it is heard and acted upon. What you say is immaterial but how communicate what you want to communicate will make the difference. This means considering every possible tool and aspect to ensure that nothing distracts or detracts from your message. There are three main elements of effective speaking The words you use. Your voice. Your other non-verbal communication, particularly the tone of voice and your body language also send strong messages. Your voice can reveal as much about your personal history as your appearance. Th...

While selecting an investment avenue, you have to match your own risk profile with the risks associated with the product before investing. In reality, risk and returns are inversely related, i.e., higher the returns, higher is the risk, and vice versa. *Most investors want to make investments in such a way that they get sky-high returns as fast as possible without the risk of losing the principal money they have invested.* This is the reason why many investors are always on the lookout for top investment plans where they can double their money in few months or years with little or no risk. However, it is a fact that investment products that give high returns with low risk do not exist. In reality, risk and returns are inversely related, i.e., higher the returns, higher is the risk, and vice versa. There are some investments that carry high risk but have the potential to generate high inflation- adjusted returns than other asset class in the long term while some investments com...

As suggested by its title, the article advocates that investors work backward. They should begin their plans upon entering the workforce, by specifying their desired income during retirement. Once that is known, and an asset allocation is specified, the required contribution rate can be calculated. This process is aspirational. That is, while Javier's model is fixed, providing investment returns, contribution amounts, and withdrawal rates with assurance, investors enjoy no such confidence. As young adults, they know neither what the financial markets will bring nor (yet) what income will meet their retirement needs. Their lives lie ahead of them. The point of the paper is to change the investor's mindset. Javier wishes to combat the standard practice of keeping one's head down, contributing to retirement accounts according to perceived ability, then looking up as retirement approaches and wondering what the accumulated assets will be able to afford. Better to know th...

Human civilization has an insatiable lust for gold. Because gold is dispersed widely throughout the geologic world, it became prevalent in human cultures and religious ceremonies across the globe. Dating back millennia. Last year, two large tombs were discovered and excavated at the site of the ancient city of Pylos in southern Greece. Inside the 3,500-year-old tombs, archaeologists found remains of gold jewellery and thousands of pieces of gold foil, remnants of the sheets of gold that once lined the tomb floors. The ancient Egyptians considered it a symbol of eternity and referred to it as “flesh of the gods”. Consider the tomb of the boy-king Tutankhamun. He was enshrined in three gold coffins and his finery included a gold funerary mask. Gold may no longer be used in tombs, but it does line the walls of the vaults of central banks. Gold has been a symbol of wealth and power, a store of value, a means of exchange, legal tender, and has facilitated global trade. It is evident ...

The subject of luck in investing is a fascinating one. MORGAN HOUSEL of Collaborative Fund once commented that luck and risk are the opposite sides of the same coin but we treat them very differently. Being a fan of his writings, I went through his views on “luck” and decided to reproduce a few them from 2017 to 2020. *What have you changed your mind about in the last decade? - 2017* I respect the role of luck more today than I did a decade ago. I used to view successful people as clearly having more intelligence and drive than others. I’ve come to appreciate how much of success is due to luck, not the least of which is being born into a good family in a good country. It doesn’t take a lot of imagination to see that if Bill Gates were born in Berlin in 1920, his outcome would have been different. The common rebuttal to this is “Luck is what you’re dealt, fate is how you play your cards.” Which is 100% true. But some people are born with a pair of aces. Worse, they never reali...

Financial Services Intermediaries usually focus on various factors while promoting a mutual fund to the investors, but seldom do we give any importance to the factors that warrant exiting an investment. While the benefits of investing, especially in equity funds, are derived in a longer time frame, that doesn’t mean one should forget about these investments and only take a look at them as the goal nears its target. This is because there are various factors that impact the growth journey of investments. Here I would like to highlight the importance of the right time to redeem mutual fund investments in the financial planning process and look at the major scenarios under which investors should be advised to take an informed decision to exit their mutual fund investments. *When to sell* While it’s true that mutual fund investments should be for the long term, a smart investor must also know when to make an exit and sell his or her mutual fund holdings. For most investors though, deci...