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A non-profit organization, such as a university, hospital, or museum, may hold an investment portfolio known as an endowment fund with the goal of providing a steady flow of funds. Cash, publicly traded securities, real estate, life insurance, retirement accounts, and other assets can all be included in the fund's portfolio. As long as the primary balance, or "corpus," is invested, endowment funds are often perpetual. Only investment money generated by the fund, which must be used in accordance with contributors' desires, can be used by the organization. How Does an Endowment Fund Work? Consider receiving trust from your parents. There is $1,000,000 in the trust, but there is a catch: your parents have specifically declared that the main sum is off-limits. You are only allowed to spend the interest that the trust's assets generate annually; you are not permitted to spend it on extravagant items like a vacation to Tahiti or a McMansion. The funds must be util...

Someone rightly said, "Raising a kid is not the play of a kid." They were probably referring to the increasing cost of education. You know, IITs increased their undergraduate education charges from Rs 90,000/-p.a. in 2017. Rs 2,00,000/-p.a.Similarly, the fee for IIM-Ahmedabad's two-year flagship diploma program for the 2018 class was Rs 19.5 lakh. This is 400 percent more than what the 2007 B-school charged. If the leadership course charges continue to increase by 20 percent every year, it would affect Rs 95 lakh by 2025.These are also the expenses you pay for receiving admission to the required vocation / stream. But to get entry for these coveted seats, coaching starts much in advance. These days, parents are sending their children themselves for engineering and medical entrance training from age 13-14 to give them the additional edge required to fight the intense competition. Coaching courses pay about Rs 80,000-1,00,000/- per year. Interestingly, the price of co...

This is because health is still a personal concern rather than a public concern in our country. Although the government has established many government hospitals where expenses are low, these hospitals may lack the necessary facilities and staff several times.Medical emergencies are costly. If you experience a medical emergency without insurance, it's simple to discover yourself in heavy debt with apparently no manner out of the mess. Our nation is struggling with several issues, the population is burgeoning by the day, and our nation is still far from becoming a place where every citizen receives free health care regardless of the sort of medical condition. Health insurance has become a requirement in today's moment. Most individuals in their twenties feel secure and comparatively healthy and choose to go without health insurance. Do not create this error and begin looking for a nice and low-cost insurance now. What has the Government done to Promote Health Insurance? Th...

Women generally tend to procrastinate when it comes to making financial decisions about their own selves. They are so busy with home and office juggling, they tend to forget themselves. But it is essential for them to think deeply about themselves. Considering the uncertainties of life, it is essential for them to make economic provisions. Life is unpredictable and that’s where the function of insurance comes into the image. Why not give your wife the safety of her lives and savings. In this blog, we focus on four significant insurance schemes that must be component of a women’s economic kitty to guarantee that they are emotionally and financially ready against life odds coming their way in the form of premature death, illness, disease or ancient age. Term Insurance Plan In this blog, we focus on four significant insurance schemes that must be component of a women’s economic kitty to guarantee that they are emotionally and financially ready against life odds coming...

LIC New Jeevan Anand is one of LIC's best-selling endowment plans, offering risk cover even after the maturity of up to 100 years old. But is it really good because your insurance agent has tried to sell it for you, or your partner has suggested you go for it, or because you have to take out an insurance policy? For whom is this policy really intended? When is the perfect time for buying it? Insurance is for anyone who purchases. However, with no previous research, it is not something to be thoughtlessly purchased. People are always stirred up by what insurance they should be going for when they think about Term Insurance and other insurance products. Term Insurance is consistently suggested as it is the "genuine frame" of insurance. People buy money back plans and other savings plans are planning to multiply their money over time. Be that as it may, there would be a huge financial burden on the family if the family provider expires. A term of protection is there...