Monthly Archives: November, 2012

Renting Vs. Buying a house

Rented house


Owning a house is one of the most important financial goals for the common man; and also one which requires a huge monetary commitment. Buying one’s first house for self occupation is regarded more as an asset than an investment made for capital appreciation or gains. But the sky rocketing real estate prices, especially in metro cities like Mumbai, Delhi and Bangalore have made investing in a property almost impossible. Here comes the dilemma- Whether one should still go ahead, take a huge loan, compromise on your lifestyle and cut down other expenses to service the sizeable monthly loan installment for almost their entire working life, or simply go in for the more affordable rental accommodation?

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Ensuring a smooth intergenerational transfer

Life is uncertain, and one is always worried about leaving behind enough to ensure financial security for the family in case he or she is not around to take care of them. Apart from ensuring that one is adequately covered with life insurance and planning investments and savings for the future, it is also important to ensure smooth transition of finances and benefits to the family in the event of an untimely demise of the primary earning family member.

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Now you can make an insurance claim on your ayurvedic treatment too


English: Photo of bottles of a Health drink.



Traditional systems of medicines such as ayurveda, unani, siddha and homeopathy have been used in India since ancient times. Now, the whole world has realized its benefits and is slowly moving to herbal drugs for treatment. In India, more than 60 % of the physicians are non-allopathic practitioners.


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Making use of health insurance portability

Two years ago-

Mr. Dheeraj Kumar is 45 years old and has a medical insurance policy with a public sector general insurance company for the last 10 years. He has had a reasonably good health profile and has never made any health claim all these years.

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Rajiv Gandhi Equity Savings Scheme (RGESS)

Budget 2012 had proposed introduction of a new tax saving scheme called the Rajiv Gandhi Equity Savings Scheme (RGESS) for investors with an income below Rs 10 lakh per annum, to be effective from the financial year 2012-2013 relevant to the assessment year 2013-2014. This scheme has been approved and the features of the scheme are as follows:

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Some lesser known facts about PPF

The Public Provident Fund (PPF) is one of the most popular long term investment options in the fixed income category due to its attractive features like income tax rebate of up to Rs 1 lakh of investment  per year u/s 80 C, tax –free interest of 8 % pa and the maturity amount  being tax free u/s 10 ((10) D).While these are the commonly  known facts about the PPF, here are some lesser known features you should be aware of –

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