Smart_SIP

Term Insurance Term Insurance is an insurance plan that provides financial coverage to the beneficiary of the insured In the event of death of Term Insurance policy holder during the policy term, the beneficiary can claim the benefit from the insurance company. Term Insurance provides high coverage at low premiums. It is a Pure Insurance plan that gives the lump-sum amount to its nominee in case of death. Thereby, there is no problem living his family in further life. Term plan doesn’t provides maturity benefit, it provides only death benefit (some company provides return of premium in case of survival) Why should you take term insurance? On Death, the nominee is given a lump-sum amount. This is the cheapest insurance plan available on the monthly premium approx. 600 for a sum assured of 1crore. In case of accidental death of the insured person, the financial loss suffered by the family member can be compensated by the amount received from the term insurance. Any k...

Insurance Insurance means protection from financial loss in case of death, disability or destruction. Insurance is a prudent way of transfer of such risk to an insurance company. The insurer and insured get legal contract for the insurance, which is called Insurance Policy.  The insurance policy has details about the conditions and circumstances under which the insurance company will pay out the insurance amount to either the insured person or the nominees. Insurance is a way of protecting yourself and your family from a financial loss. Generally, the premium for a big insurance cover is much lesser in terms of money paid. The insurance company takes this risk of providing a high cover for a small premium because very few insured people actually end up claiming the insurance. This is why you get insurance for a big amount at a low price. Types of Insurance:- Life Insurance:- Life insurance is insurance on your life. You buy life insurance to make sure y...

MUTUAL FUND A mutual fund is a professionally managed  investment fund  that pools money from many investors to purchase  securities . A mutual fund is formed when capital collected from different investors is invested in company shares, stocks or bonds. Shared by thousands of investors (including you), a mutual fund is managed collectively to earn the highest possible returns. The person driving this investment vehicle is a professional fund manager. Mutual Fund:- Money pooled from various individuals (investors) . Professionally Managed . Well-regulated (by SEBI) . Higher returns than conventional investing . Access to large portfolios . Allows to invest in small amounts . Investing in mutual funds is the easiest means to grow your wealth. This is why the fund manager’s expertise (thereby the fund house’s reputation) is an important factor to consider. All mutual funds are registered with SEBI (Securities Exchange Board of India) and the...