Where there’s a Will, there’s a way
November 26, 2015
Writing a will helps stave off unnecessary squabbles. But there are more ways to pass on your assets. Here are the details We’ve all heard those tales of how a pauper became a millionaire overnight after inheriting a fortune from a rich distant relative, who wrote away all his wealth to him in his will. Not just men, pets too have shot to fame after their wealthy owners bequeathed all their assets to them, bypassing even their family. That’s the power of a will. And while few would dispute the need for succession planning to smoothly pass on their wealth to their successors, most of us believe it’s important only for the really wealthy. But, that’s not quite so. What
More »
There’s no free lunch with food coupons
November 26, 2015
Being tax-free, the benefits of the meal vouchers have to meet stringent requirements Companies — both in the private and public sectors — give out meal coupons as a perk to their employees. This benefit is usually limited to Rs.1,000-2,000 a month. Still, there are many restrictions on their usage because of the tax-free nature of the benefit. If you receive this perk, it is important to understand the many dos and don’ts involved. How it works Employers pre-pay a certain amount per employee every month to a meal-payment service provider. In return, they get pre-printed coupons or a prepaid card that is given to the employees. These can be used to pay for meals, ready-to-eat food items and non-alcoholic
More »
How low rates can hit your life goals
November 26, 2015
Low rates can subject your life goals to risk. Avoid equities when you near the goal The interest rate cut by the RBI could have unintentional side-effects on your life goals; it could impact your investment portfolios. In this article, we discuss how rate cuts can affect your investment portfolios and your current lifestyle. Low-returns environment When you create an investment portfolio to meet a goal, your primary objective should be to achieve it without high investment risk. So, higher the goal priority, lower the risk you should take. Viewed in this context, interest rate cuts could subject your high-priority goal-based portfolio to high risk. This is because such portfolios will predominantly contain bonds and a small portion of equity.
More »
Five steps to the right health insurance
November 26, 2015
Opt for a cover from an insurer with good track record One out of every four Indians is at risk of dying from a non-communicable lifestyle disease, such as diabetes, cardio-vascular ailments or cancer, before the age of 70. To add to this, health costs in India are soaring. The way out: make sure you sign up for a health insurance plan that takes care of rising health costs and sudden emergencies. Here are five essential tips to keep in mind while buying health insurance. Identify your need Health risks and insurance needs differ depending on age, area of residence, gender, family history of illness, work life, family life and diet. For instance, individuals who spend long hours at a
More »
REC Tax Free Secured Redeemable Non Convertible Bonds
October 27, 2015
(TERM SHEET) Particulars Rural Electrification Corporation Limited. Issue Size Rs. 300 crs (“Base Issue Size”) with an option to retain oversubscription of upto Rs. 400 crs aggregating upto Rs.700 crs. Issue Opening Date : October 27, 2015. Issue Closing Date** : November 4, 2015. Rating “CRISIL AAA/Stable” by CRISIL, “[ICRA] AAA” by ICRA & “CARE AAA (Triple A)” by CARE, “INDAAA/Stable” by IRRPL Minimum Application 5 Bonds (Rs.5000/-) (individually or collectively, across all Series of Bonds) in the multiple of One Bond ( Rs.1000/-) thereafter. Series of Bonds* Tranche I Series 1A Tenure (in Years) : 10 Coupon rate (% ) per annum – Category I, II, III : 6.89 % Tranche I Series 2A Tenure (in Years) : 15
More »
