Fintellect

  Greetings,   We hope you found our previous post on the Pradhan Mantri Vaya Vandana Yojana both useful and informative. If you haven’t had a chance to read it yet, we’ve put it here so you don’t miss out. While the Mesopotamian shekel, the oldest known form of currency, was first used to trade over 5,000 years ago, it wasn’t till the 1920s that Dr. Solomon S Huebner managed to calculate what a person’s life is worth. Yes, the process of buying and selling human beings probably predates our earliest historical records, but what we’re talking about here is human life value in the context of insurance coverage. Human Life Value or HLV is an economic theory to put a monetary value on a human’s life in order to select appropriate life coverage. This is quite simply the process of calculating the total economic loss caused to a person’s next of kin, which comes in addition to the obvious mental and emotional trauma that comes with a death in the family. While you can’t p...

  While most of the world is witnessing an economic slowdown of unprecedented proportions, India’s life insurance companies witnessed an 11.36% growth in their collective income during the fiscal end of March 2020. This has also been accompanied by a deluge of different life insurance products that can sometimes make it difficult for customers to navigate through the maze of policies and covers. Additionally, the absence of a standardized product can lead to miss-selling, as well as insurers contesting claims on various grounds.  We saw this happen in the health insurance sector during the pandemic, where a number of insurers were rejecting claims on grounds of misrepresentation or non-disclosure. While a standardized product called Arogya Sanjeevani was soon launched for the health sector, the life insurance sector was still lacking a standardized product. However, come January 2021, all Indian life insurance companies are mandated to provide a standardized life insurance po...

Hi Readers, Hope our previous article on the overview of gold investment and performance was informative and useful for some of you. If you have not yet had the chance to read the same, you can find it  here . This week, we would like to throw light on the various investment options available for you in gold: Physical Gold  – An investment method that is most popular among Indians is direct purchase of gold in the form of jewelry, coins and bars, compared to the other forms of gold investments, investing in physical gold still remains a popular method to invest in gold. You can buy physical gold and sell it when you need the money. But when you buy gold as jewelry, there is a downside of making & wastage charges to it which may vary between 8% - 18%. Digital gold  – This is a new investment option that has been on the rise in recent time due to its easy access. You can  purchase digital gold through the following apps: Paytm, Phone pe, Google pay, and Amazon ...

  Greetings, We hope you found our previous post on the Married Women’s Property Act useful and informative. If you haven’t had a chance to read it yet, we’ve put it here so you don’t miss out. What a lot of people don’t realize while planning out their retirement is that interest rates for developing countries go down as they progress and develop. If you were sitting around thinking people in the US, UK, Sweden, Switzerland, or any other first-world country for that matter, were raking in big bucks on money sitting in the bank, think again. In fact, in some developed countries like Denmark and Japan, for example, they have negative interest rates and it actually costs you money to use the banks. Additionally, the US interest rate FED is just 0.25% at the moment, down by 1.25% from March this year. What this means for pensioners or people planning their retirement is that in addition to accounting for inflation, they also need to account for lower returns on money sitting in fixed...

  Greetings, We hope you found our previous post on the Overview of gold investment and its historical performance both useful and informative. If you haven’t had a chance to read it yet, we’ve put it here so you don’t miss out! Is your life insurance airtight? Many consider insurance as the first step to building a savings portfolio, after all, there’s nothing as important as securing what you already have, beginning with the most important asset, your life. Life insurance salesmen are quick to ask the question “what would life be like for your dependents in the case of your untimely demise?” What most of them fail to tell you, however, is that if an unfortunate event does occur when you happen to be in debt, it’s your creditors who are going to benefit from your policy and not your wife or your children as you intended. That’s a pretty terrifying thought since the one thing that gives a person peace is the knowledge that the people who you care about will be looked after once yo...

Hi Readers, Hope our previous article on the importance of Nomination was informative and useful for some of you. If you have not yet had the chance to read the same, you can find it here . This week, we would like to share our thoughts on Gold – India’s evergreen love. Gold – A metal that is most popular among the ornamental metals has never lost its glory. And the global pandemic is no exception. As a passionate investor, many of you might have already been into gold already. However, the following article will help you make an appropriate investment choice in gold that is tailored for you. Why Gold is precious Being a derivate product of a natural resource, gold like oil resources is not abundant. The reasons people tend to make a gold investment are also diverse, as gold is simply ingrained in some cultures as a form of wealth and saving, whilst in other countries and for other individuals, it’s more about hedging financial market risks, as well as wanting to hedge agains...