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Financial Literacy

An expensive proposition

Publication: Business Standard, Mumbai;   Date: Feb 10, 2008;    Section: Product Analysis;      Health Plus has a few positives but does not satisfy your basic insurance needs. A plain vanilla Mediclaim is still the best option.    After the private insurance companies, Life Insurance Corporation of India (LIC) entered the health insurance space last week with “Health Plus”. The product […]

Familiarity does not Equal Safety

Publication: The Times Of India Mumbai; Date:2007 Nov 13; Section:Your Money; Page Number: 40 Just because you understand how a particular investing option works, that doesn’t mean it’s the best place to park your money People often confuse familiarity with safety. This is evident in many choices we make in life—especially in investing decisions. Senior […]

Its old wine, and not at all vintage

Publication: DNA, Mumbai;   Date: July 21, 2009;    Section: Personal Finance;   Page: 6 LICs Jeevan Amrit endowment plan may be asking for too much Endowment plans generally have very long premium paying tenures. But, Jeevan Amrit from the Life Insurance Corporation (LIC) offers covers for terms of 10-30 years, where a policyholder is required to pay a premium […]

Say no to annuity schemes

Publication: DNA, Mumbai;   Date: January 16, 2007;    Section: Personal Finance;   Page: 6 The net yield on them is not very impressive Insurance companies have for long played on our fear of old age and sold so-called pension plans to us. But, are these plans the right choice? Pension plans can be largely divided into two categories: immediate […]

Deferred annuity not a good idea

Publication: DNA, Mumbai;   Date: December 30, 2006;    Section: Personal Finance;   Page: 6. Combining life insurance and pension planning is not right   Like childrens insurance plans, retirement plans also suffer from what I call the “label” effect. Right from emotionally appealing advertisements like “Sar Uthake Jiyo” to aggressive marketing tactics, the insurance industry leaves no stone unturned to […]

Proper asset allocation is key to wealth

Publication: DNA;   Date: June 26, 2006;    Section: Personal Finance;   Page: 24 Asset allocation is the most important decision that an investor must make to achieve his financial goals and effectively manage risk. In simple terms, asset allocation is spreading your money across a mix of asset classes, namely bonds, real estate, equity (direct stocks, mutual funds), gold […]

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