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Recurring Deposit or Jeevan Saral ? Which is the best?

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coins Recurring Deposit or Jeevan Saral ? Which is the best?

 

Recurring Deposit or Jeevan Saral ? Which is the best?

You all might have heard about and has an idea of what is meant by recurring deposits schemes, acquiring small amounts of money and investing it for long term and to reap better returns at maturity. So this post would analysis some point which would tell us Recurring Deposit or Jeevan Saral ? Which is the best?
The usual players in the field were banks and post offices, now there is a new entry to this sector… any guess? Its the LIC or the Life Insurance Corporation of India. The LIC has started a special plan called “Jeevan Saral” which is famous now, Its launch was a couple of years back.

Jeevan Saral can be termed as a simple assurance plan where the policy holder choose the amount and also the mode of the premium payment. It also gives the policy holder protection from death which is of 250 times of the monthly premium, that he pays. With the age of the policy holder the terms also changes. The benefit at death includes the total risk cover plus the loyalty bonus if any. There is also promise by the LIC about the returns of premium which excludes the first year premiums and extra rider premiums.

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Long Term investments

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589161 8d29374355 m Long Term investments

Getting a decision about your investment cycle is a tough decision making process. The challenge would be higher when going in for long term investment planning. There are a number of factors that are to be considered while planning for a long term investment, like inflation, risk, liquidity, and sustainability. The decision making would become worse if you have a time frame less than ten years. Thinking about your retirement plan at the early stages of life is the best decision you can make, rather than getting to work your retirement plan when you are nearing your age of retirement. 

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Budget 2010 – No Tax Cuts

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 tax cuts1 Budget 2010   No Tax Cuts
 

 

 

 

 

 

 

 

The Finance Ministry has warned the industries not to expect any major sops in the coming budget that is to be presented by the new government due to the economic pressure that is present globally. The finance ministry officials also conveyed the govt’s disappointment to the industry for not passing the benefit of the service tax cuts and excise cuts to the consumers. 

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What is Micro Finance

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2229763779 872f8f6f2d m What is Micro Finance

In India Micro finance seems to be the buzz in the streets of the Mutual fund industry. The industry is not grown like what is found to be in the other developed countries. Keeping in mind with the vast untapped market of India Mutual fund companies are getting with new plans which would range from Rs.10 to 300 per day. The target of the micro finance is for the rural and semi urban area households with low income. To tap the market major fund houses like UTIMF and SBIMF have been associated with many NGO’s and other micro credit institutions locally. The first one to get into the micro financing market was Bharati AXA with their Bharati AXA Equity Fund by the last of September which was with a minimum investment of Rs.300.  

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