- 11 JUN 2018
Do women need life insurance OR Women DO need life insurance!
There was a time when this question had credibility. Today, the statement is not just a fact, but it’s logical too. Women these days manage to find the perfect balance between personal and professional life. Today, they no longer have to depend on anyone at any stage of their lives. Life insurance is a crucial step towards financial stability for everyone, including women. You need to take steps today for a secured tomorrow. As a woman, here are few reasons why you need life insurance:
Income replacement for your family
In an economy where prices are on a steady rise, the cost of living has increased greatly. Basic needs like food, shelter and clothing are so expensive that most families go nuclear with both members working in order to have enough money for their family. A life insurance plan will ensure that in your absence your family members i.e. your aging parents, children and spouse won’t have to compromise on their lifestyle and future aspirations. Life insurance provides your family with enough money in your absence to take care of needs like paying bills, EMIs and household expenses. Life insurance ensures that your family is looked after even in your absence.
The money that your family will get in your absence will serve as your legacy. It will give them enough money to take care of essentials, indulge in occasional leisure activities and even pursue any dream that they have.
Security against loans:
Planning to achieve your dream house, car or a vacation will require some funding for which you will opt for bank loans. This may be solely or partially a liability for you. Presently, you may be sharing the load of these EMIs with your spouse, however in your absence this huge amount will be a complete liability to your better half. Opting for a life insurance plan will ensure that in your absence all your financial liabilities are taken care of thereby providing financial stability to your dependents.
- 9 DEC. 2018
How to Make Tax Planning An All-Year Round Activity?
When you're young, there is a tendency to concentrate more on spending than on investing. Tax planning hits you once your income goes beyond a particular level. You risk losing money to tax that you could have otherwise saved by smart investing. As years go by, you tend to rush at the end of the financial year. The last quarter of the financial year is when quite a number of tax saving instruments are talked about to help taxpayers reduce their tax burdens.read more