Investment

Many dream of a financially secure future, but not all manage to get there. Regular  savings  can provide phenomenal  returns  over the long run. Despite countless financial obligations and huge  debts , one must set aside a fixed amount every month. This can be a contingency buffer or surplus that can bail you out of financial crisis . Wouldn't it be wonderful if your small contributions grew into a huge avalanche of wealth over a period of time? The power of compounding is phenomenal. Your savings grow exponentially with time, and the sooner you start the more will be the quantum of returns. For example, assume a person sets aside Rs 1,000 in an instrument each year. If the returns were 10 percent compounded annually, at the end of one year, the investment would have grown to Rs 1,100. At the end of the second year, the investment would have grown to Rs 1,210.  In the current high interest regime, where the cost of borrowing is high, people who h...

Are you covered under your company’s   group health insurance   policy ? If you are a salaried person, then in all probabilities you must be having your employers health insurance plan which must be covering you, your spouse, children and parents or some of them. But a lot of people do not want to take a separate health insurance plan from health insurance companies and just want to continue their employer’s group health insurance cover as it look most affordable Health Insurance to them. However one should also consider an individual health insurance plan for various reasons. Lets see few points which you should think about your employers group Health Insurance . 1. Your Employer may take back the Health benefit Health Insurance costs are provided as a perk in many companies. Health Insurance costs are borne by companies themselves and it might happen that in future your employer might take back the benefit of health cover and tell you that its not av...

India's largest player in commercial vehicle finance, was established in the year 1979. The company has a network of 488 branches and service centres. We are one of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs)

Last time we have conducted a POLL, questioned , whether the bank lockers are safe or not??  Answer is NO Here is the description for your answer: Sample this: A major fire broke out at the Punjab National Bank headquarters in New Delhi recently, trapping hundreds of people inside and triggering panic across the   capital. In another case, in a daring robbery at a Central Bank of India branch in UP some time ago, at least 45 lockers are claimed to have been emptied out. In another daylight bank heist in February this year, second in a row in Chennai, armed men made away with Rs 14 lakh from the Keelkattalai branch of Indian Overseas Bank, triggering panic among customers and forcing many of them to clear out their lockers and close their   accounts. These are not lone incidents, but just the   tips   of an iceberg! So if you thought that a bank locker is the safest place to keep your   cash   and valuables in, think again. Worse, if any ...

If onion prices didn't make you cry, your hospital bills will definitely make you shed a few tears — thanks to rising headline inflation, which is not only about Wholesale Price Index (WPI), Consumer Price Index (CPI) or food inflation. There are various aspects to this simple economic indicator, which simply reflect the value of money at this point of time. Soaring headline inflation has not even spared healthcare expenses. For example, the increase in average claimed amount for circulatory diseases, which mainly includes cardiac problems and paralytic stroke, increased by 56.99% in 2009-10 compared to 2007-08 , according to the  data. The spurt in healthcare expenses is not in your hands, as it is a necessary expense. If you have to undergo a certain treatment, you have no choice but to foot the bill. At the same time, you don't want to compromise on the quality of the treatment just to save a few bucks. You can definitely take certain proactive measures, which can h...