Group Health Cover- Advantages and Disadvantages

Ria whose father was suffering from cataract, who was covered under Group Insurance Policy, was surprised to know that just the part of cataract operation would be covered under insurance, and rest has to be paid by the individual. Many of the individuals face similar kind of situations. Are you the one?

All New Goods and Service Tax (GST) Reforms

What is GST

From when is this effective

Who will be impacted / exempt

How to factor medical expenses into the retirement plan

Healthcare costs form a major part of the expenses for a person. They are additional expenses that rise with age. Medical inflation is said to be 25% per annum against normal inflation of 6-8% per annum.Only the salaried class in India t have social security benefits. Most indians do not have a well planned social security, pension or long term health-care plan in place, unlike most of the other developed countries And unless one works in a public sector organisation, a person cannot depend on the employer for lifelong health care benefits. In fact, the group insurance also ceases on retirement, from company benefits.

A snapshot into Masala Bonds

Masala bonds are similar to corporate or government bonds which are issued to raise money by companies or the government. Masala bonds are rupee-denominated borrowings by Indian entities in the overseas market.They are issued to foreign investors such as UK markets (London Stock exchange)and Asian markets and settled in US dollars. Hence the currency risk lies with the investor and not the issuer, unlike external commercial borrowings (ECBs), where Indian companies raise money in foreign currencyloans.These masala bond borrowings have maturity anywhere between three and ten years.

Can you fund your retirement through rental income?

Rental Income is quite a favourite as a retirement planning tool and used by many. People generally buy a second property primarily for investment and rental income purpose. In fact rental properties offer the rare opportunity to generate extra cash in post-work life.

However one needs an inflation adjusted income to see themselves through retirement

How many more years should you work?

Expert’s advice to start planning for retirement at an early age, however, what’s the right age for retirement? The protocol laid by the constitution or a VRS [Voluntarily Enforced Scheme] enforced [at times] by semi-government and private firms? Looking for answers?. Let’s get started –

FD vs FMP and MCLR Rates being offered by banks on loans and deposits

– Changes in the banking industry and current scenario

– What is the impact on you ?

– What Investment options do regular investors have –

– Choice of FD Vs FMP ( bank wise rate descriptions )

– Choice of FMP ( MF schemes description )

– Tax implications