Insurance policies may not appear very appropriate as wedding gifts because they relate to a very unpleasant situation. But it can be a very useful gift for the bride. If the groom is around 30 years old, a term insurance cover of Rs 1 crore for 30 years will cost around Rs 8,000-10,000 per year. Tell them that you are paying the first year's premium and they will have to renew the plan in the following years.
Term plans are often considered a waste of money because there is no maturity value. If the couple shares this view and might discontinue the policy after a few years, go for a single premium plan. The entire premium is paid at one go, so there is no chance of the policy lapsing. But single premium plans are very costly. If your budget is smaller, go for a lower cover and shorter tenure of 20 years. Keep in mind though that an insurance cover should not end when one is his 40s or 50s because because that is the time he needs it most.
Insurance as wedding gift How much will it cost
Life insurance Age: 30 years Term: 30 years Medical insurance
Similarly, a health insurance policy for the couple is a perfect wedding gift. If the couple plans to start a family in about 2-3 years, you can even give them a policy that covers maternity expenses. Such policies have a waiting period of 18-24 months before maternity expenses get covered. A health cover of Rs 5 lakh, which also includes maternity expenses, will come for around Rs 12,000 a year.
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The Life Insurance Corporation of India has announced Jeevan Labh , its limited-premium, with-profits endowment plan . It comes with a premium paying terms of 10, 15 and 16 years for corresponding policy tenures of 16, 21, and 25 years respectively. ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan Invest in Best Performing 2016 Tax Saver Mutual Funds Online Invest Online Download Application Forms For further information contact Prajna Capital on 94 83...
Liquidity adjustment facility (LAF) is a money market tool used by the central bank of a country (in India it is the Reserve Bank of India ), to infuse funds into the country's banking system when liquidity dries up. Again, in case there is excess liquidity, the central bank uses some tools to help banks manage their surplus liquidity. Usually the RBI uses the repurchase facility (called Repo ) to give short-term loans to banks to meet their temporary liquidity shortage. On the other, hand RBI uses reverse repo facility to help banks park their excess liquidity with it. Banks usually use various securities, which are approved by the RBI, as collateral when they take money from the RBI to meet their short term liquidity requirement Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. ICICI Prudential Tax Plan 2. Reliance Tax Saver (ELSS) Fund 3. HDFC TaxSaver 4. DSP BlackRock Tax Saver Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. Canara...
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Tata Mutual Fund has approved the changes in benchmark indices of seven funds, with effect from August 01, 2011. The schemes would now be benchmarked against the following indices: Scheme Names Existing Benchmark Proposed Banchmark Tata Dividend Yield Fund BSE Sensex S&P CNX 500 Index Tata Equity Opportunites Fund BSE Sensex BSE 200 Index Tata Growth Fund BSE Sensex CNX Midcap Index Tata Indo Global Infrastructure Fund BSE Sensex / MSCI World S&P CNX 500 Index / MSCI World Tata Infrastrucute Fund BSE Sensex S&P CNX 500 Index Tata Infrastrucute Tax Saving Fund BSE Sensex S&P CNX 500 Index Tata Life Sciences & Technology Fund BSE Sensex S&P CNX 500 Index ----------------------------------------------------------------- Also, know how to buy mutual funds online: Inve...
