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In most urban middle-class households with children schooling has become a major cost head. Personal finance experts quickly point out that while schools are more costly than they were 20 years ago, daily salaries are enough to pay for schooling. The problem is to fund university research, usually postgraduate research or master’s. Although a large number of parents are conscious of the need to build a corpus for education, it is difficult for most parents to assess the cost of education for children. Two considerations make it difficult to quantify – firstly, it is a long-term goal and secondly, it does not know which path the child will select. “It is all about assumptions now. So you should be focussing on what you can afford now,” says Pankaj Mathpal , founder and CEO of Optima Money Managers. For example, if you think an engineering degree is a minimum you would be willing to pay for, start with it. If it costs Rs 10 lakh, then apply inflation to it. “Education costs in I...

A fixed rental is an arrangement with a life insurance provider that provides money to elderly people. The plan helps the policyholder to make a lump sum that will increase later to provide tax-delayed profits. You will obtain money invested under the pension plan by the insurance firm that guarantees the interest rate — fixed interest. The two key fixed rates, delayed and immediate, are open. Basics of a Fixed Annuity The fixed annuity of a bank or other financial institution is most similar to the certificate of deposit (CD). With the exception of a fixed loan, the interest you receive will rise within the rent and can not be paid unless you cancel it out of the rent fund. The bank sends you with a CD every year a 1099-INT tax form showing the amount of interest you paid. You have to submit your tax return with this interest even though you are allowed to increase it in the CD.  A guaranteed return charges, like a CD, a fixed rent. The return is also paid in advance, ...

A systematic investment plan (SIP) is an investment option provided to investors by many mutual funds, enabling them to invest small amounts on a regular basis, rather than lump sums. Investment level typically occurs regularly, monthly, or quarterly. Through SIPs, investors regularly debit a fixed sum of money through bank accounts and invest in a specified mutual fund. A number of units are assigned to the investor according to the present Net Asset value. Every time an amount is spent, the investors account earns more units. The strategy promises to free the investors by dollar-cost average from speculating on volatile markets. Since the buyer gets more units when the price is low, and fewer units when the price is high, the average cost per unit will be lower in the long run.  SIP appears to be encouraging responsible investment. SIPs are flexible; investors can stop investing in a plan at any time, or choose to increase or decrease the amount of investment. Retail invest...

Being the risk experts, we know that in health matters there should be no compromise and make sure that a comprehensive insurance scheme begins. It’s important to select the best combination of features and coverage ates to get everything you’d need into an ideal health insurance plan. The family floater health insurance plan is a robust and convenient Health Insurance Package. The package is designed taking into account the important role the health insurance plays in calculating the cost of medical emergencies. Health is Wealth. Health is an Asset. We are happy, only if we are healthy. But, we all know that medical treatment has got more expensive, is getting more expensive and may continue to be more expensive. Health care has become a costly affair. What is the Family Floater Health Insurance Policy? The Family floater is a scheme that provides a set cover for more than one family member. The balance of the total insured floats around the entire family – that is, the ca...