Recently RBI published on article on Indians investment pattern. The pattern shows that 48% select life insurance and PF as their investment instrument. This article to give you detailed analysis on life insurance and how it keeps Indians poor for decades. There another research published from RBI on inflation that highlights “The annual retail inflation rate rose 6.30% year-on-year in ...
Financial Literacy in India is very low. This blog post we are list 75 checklist to generate your financial knowledge score. If you answer for the question is “yes”, you score 1. Read all the checklist and calculate your number of “YES”. If you score more than 60, you are literate financially. 50 to 60, you have to improve. 30 ...
In India, most of people confuse insurance with investment. They invest all their money in LIC and expected to become rich. Insurance never make you rich. In this post how you are financially smart. Most of the times, people may not require life insurance plans. Health insurance and term insurance would help them in case of emergency. If you have ...
Most of the Indian’s mindset is insurance as investment instrument. Insurance is risk management tool and not an investment tool. In long term, insurance may give 2% – 3% effective returns to your money. You can never become rich by 2% – 3% returns from your money. Insurance and fixed deposits never make you rich. So come out of insurance ...