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New Year brings with it the promise of new beginnings. It is an opportunity to embrace change, let go of past failings and start afresh. The attempt towards a better tomorrow in today’s age often comes in the form of New Year’s resolutions.
New Year's resolutions are a time-honoured tradition, tracing its roots to ancient civilisations. Over 3,500 years ago, the first New Year’s resolutions took shape in ancient Babylon during their annual celebration, Akitu, which lasted 12MORE
We’re looking at another brand new year with new opportunities and experiences. While you may be busy jotting down a new list of resolutions you vow to stick to, there is a whole new aspect of new year's resolutions you MUST NOT miss - managing your finances. While these resolutions can help you manage your finances, they will also bring much-needed financial discipline into your life.
The best thing about inculcating these at the beginning of a new year is that you get aMORE
Pension refers to the amount you save in different forms to boost your financial security for your retirement years. This amount is usually saved through different pension schemes or investment plans. Certain plans like Employee Provident Funds (EPF) are created by your employer. In an EPF, you contribute 12% of your basic salary towards the scheme while your employer matches your contribution. This allows for a certain fund to be accumulated over time which, on maturity, provides you with aMORE
Pension is the amount that one invests periodically in the pension fund to receive a regular income post retirement. Few organisations still create pension fund for their employees in which employees contribute a part of their salary each month and employer also top it up . In addition to employer run pension schemes, most of the Life Insurance Companies also have pension products. Salaried as well as non salaried people can enrol for the sameMORE
Term insurance is a comprehensive life insurance plan that provides financial protection through life cover for a fixed period. The plan helps ensure that your family gets ample financial coverage in case of death.
A Term Insurance with a Return of Premium offers benefits beyond a regular term plan. It is a variant of term insurance that provides the added advantage of a maturity benefit inMORE