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What Is General Provident Fund (GPF): Know How it works & Benefits
The provident funds allow residents to save funds for retirement with monthly deposits and calculated interest. There are three provident funds, namely, the general provident fund (GPF), the public provident fund (PPF) and the employee’s provident fund (EPF). All the three funds vary in their policies, eligibility, terms and conditions. General Provident Fund or GPF…
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Sukanya Samriddhi Yojana (SSY): How It Works, Benefits & Features
Though the evil of gender discrimination still exists in India, things are changing slowly yet steadily. With girls competing in just about every field, be it academics, sports, or competitive fields. The societal role of girls is evolving. From time to time, the government also takes initiatives to uplift the status of girls and women.…
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What Is Pradhan Mantri Kisan Maan Dhan Yojana?
Introduction to PMKMY: The Indian Government launched the Pradhan Mantri Kisan Mandhan Yojana (PMKMY) scheme in August 2019 to provide social security and protection to the farmers in their old age. It is a voluntary contribution pension scheme for marginal and small farmers (SMFs) to assist them when they age and are too weak to…
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Post Office Monthly Income Scheme: All you need to know
What is Post Office MIS? Under the administration of the Ministry of Finance, the Post office is offering its most reliable services to the citizens of India with the help of its more than 1,55,000 branches across the country. Amidst various schemes issued by the Post office, the Post Office Monthly Income Scheme (POMIS) is…
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What Is Life Insurance Underwriting Process
The life insurance underwriting process determines whether the applicant is eligible to get the applied insurance policy or not. This is determined based on his/her physical as well as financial health. If the applicant is suffering from any critical disease, then he/she may not be considered eligible for purchasing the insurance policy. In the life…
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Important Things Every Smoker Should Know About Life Insurance
Smoking or consumption of tobacco can affect the cost of your life insurance and harm your health. If you are a smoker and evaluating opting for life insurance, here are things you should keep in mind before choosing the right life insurance for yourself. So, if you are an “occasional” smoker as well, you need…
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10 Myths Revolving Around Life Insurance That Need To Be Debunked
Life insurance is an important decision, it is one of the easily accessible risk management tools for an individual. However, this is one of the areas which has minimal knowledge, there are numerous myths surrounding life insurance and how it works. This has led to a lower number of people insuring their life, they do…
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How has the Life Insurance Industry evolved Post-Pandemic?
Ever since the pandemic has struck, recent timelines have been divided into two distinct phases – the pre-COVID and the post-COVID era. In fact, the pandemic has completely changed lifestyles, finances and even the economy as a whole. The life insurance segment is no different. During the pandemic, the importance of a life insurance policy…
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Factors to be Considered by NRIs Before Buying a Life Insurance Policy in India:
Most Indians still consider traditional ways of investment to be the best and the one that tops most lists is life insurance. This is true even for people who are now NRIs. For them too, buying a life insurance policy is a smart move. So, if you are an NRI who is looking forward to…
