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Life Insurance is a contract by which you can protect yourself against specific losses by paying a premium over a period of time. Since each one of us, during our lives are faced with numerous risks – failing health, financial losses, accidents and even fatalities, our instinct drives us to cover ourselves against those risks. Though an insurance cover can’t protect you against the emotional losses arising out of these risks, it softens the economic crisis that usually accompanies these losses. Life Insurance gains much more value if you are a nuclear family. Unlike in the traditional joint family system, in a nuclear family, support from the extended family cannot be counted upon. So it is vital that you have an insurance cover as the protective shield against unfortunate losses. And it’s not only your life you could insure against those risks. With the Insurance Industry going through positive changes in the last few decades, now, you have a variety of risk coverage options. For inst...

What is Investing? How Does Investing Differ from Saving? Investing is the proactive use of your money to make more money or, to say it another way, it is your money working for you. Investing is different from saving. Saving is a passive activity, even though it uses the same principle of compounding. Saving is more focused on safety of principal (the amount you start out with) and less concerned with return. Your focus in investing is on return and can run the spectrum from conservative to very aggressive in terms of risk. One way you measure results is by the expected return weighed against the anticipated risks. It is easy to slip into an unnecessarily complex discussion about whether a particular financial transaction was an investment or a savings deposit. However, it is important to understand that investing has some distinctive characteristics, which separate it from pure savings. Since we are discussing stocks, I’ll limit the characteristics to that type of investment: Ownersh...

Submitting proof of investments is an extremely traumatising affair for all salaried individuals. First, you have to deal with the painful task of collecting and organising hordes of receipts. To top it off are the anxiety levels of not knowing if you’ve invested enough and worrying about how much money you’ll lose to tax in the following couple of months.Naturally, we all have tax consultants, who will tell us what we need to do to ensure the least possible impact of tax, but it’s even more helpful if we, ourselves are very clear on exactly how much of our salary can we claim as exempted from tax. This way, we know exactly how much we must invest to minimise tax liability. Make no mistake, investing in order to save tax is absolutely necessary, but knowing deductibles on your salary ensures you don’t overdo your tax saving investments. Basic salary: high or low? If you earn a salary of Rs 1,00,000 per month, you are definitely aware that the basic amount in your salary is taxable. A ...

NEW DELHI: Apple's iPhone, the touch screen handset that acquired a cult status in the US and other western countries, will be available to Indian mobile users through Bharti Airtel at the stroke of midnight on August 21, giving competitors like Nokia, Samsung and others a run for their money. Millions of Airtel subscribers will be able to purchase the iPhone at Airtel's Relationship Centres from August 22, a company statement said here. "iPhone has been an iconic technological revelation of this year and Airtel has been at the forefront of innovation and customer delight in the Indian telecom sector," Sanjay Kapoor, President, Bharti Airtel mobile services, said. iPhone is embedded with all 3G features and is twice as fast as the existing mobile phones. The phone also has in-built GPS system, that facilitates as a navigation and positioning tool. US-based Apple has tied up with Airtel and Vodafone to bring iPhone in the country. Asked at what price it will be availab...

Mutual Fund Investing:Look at More Than a Fund's Past Performance You can't open a newspaper or read a magazine without seeing ads promoting the stellar performance of "hot" mutual funds. But past performance is not as important as you may think, especially the short-term performance of relatively new or small funds. As with any investment, a fund's past performance is no guarantee of its future success. Over the long-term, the success (or failure) of your investment in a fund also will depend on factors such as: the fund's sales charges, fees, and expenses; the taxes you may have to pay when you receive a distribution; the age and size of the fund; the fund's risks and volatility; and recent changes in the fund's operations. So, look at more than the fund's past performance when making your investment decisions. Read the fund's prospectus and shareholder reports, and consider these tips: Scrutinize the fund's fees and expenses. Funds charg...

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Don't worry about people stealing your ideas. If your ideas are any good, you'll have to ram them down people's throats - Howard Aiken Remind people that profit is the difference between revenue and expense. This makes you look smart - Scott Adams Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them - W. Edwards Deming Do not trust people. They are capable of greatness - Stanislaw Lem If you aren't playing well, the game isn't as much fun. When that happens I tell myself just to go out and play as I did when I was a kid- Thomas J. Watson