Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a...

Cancer insurance is a type of supplemental health insurance that is meant to manage the risks associated with the cancer disease and its numerous manifestations. Cancer insurance is relatively new trend within the insurance industry at large. It is meant to mitigate the costs of...

What Is the Rule of 72? The Rule of 72 is a quick, useful formula that is popularly used to estimate the number of years required to double the invested money at a given annual rate of return. While calculators and spreadsheet programs like excel sheets have...

What Is a Mutual Fund? A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities such as stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money...

What is an Equity Market? An equity market is a market in which shares are issued and traded, either through exchanges or over-the-counter markets. Also known as the stock market, it is one of the most vital areas of a market economy because it gives companies...

Systematic investment plan (SIP) allows you to choose a fixed amount of money to invest on a fixed date every month, for a certain period in a mutual fund scheme. The amount is auto-debited from your account on that date and is invested in the...

What is ELSS- Equity Linked Saving Scheme? An Equity Linked Savings Scheme (ELSS) is an open-ended Equity Mutual Fund that doesn't just help you save tax, but also gives you an opportunity to grow your money. It qualifies for tax exemptions under section (u/s) 80C of...

What is NATIONAL PENSION SCHEME: NPS? The National Pension Scheme is a social security initiative by the Central Government. This pension program is open to employees from the public, private and even the unorganized sectors with the exception of those from the armed forces. NPS scheme holds immense...

Hi all, This time I would like to talk on the scheme which the government initiated. "Beti Bachao, Beti Padhao" is one of the important initiatives of the government. How Parents should be responsible and girl child can become independent is something unique which the government...