HOW TO SAVE MONEY ON HEALTH INSURANCE?

Here are some ways to save on health insurance:

1. Employer’s Insurance: The best way to save on the cost of health insurance is to use the plan that is provided by your employer. In most cases, group health insurance also covers the dependents of employees, like spouse and children. This way you can save on the premium.

2. Start Early: There are various benefits of buying health insurance at an early age. Insurance at younger ages is affordable and the health conditions of young persons make them eligible to buy health insurance. The cost of insurance at advanced ages is prohibitive […] Read more

SERVICE TAX DEFAULTERS- BEWARE

Service tax evaders beware! Failing to deposit this tax may attract arrest & imprisonment upto 7 years. Due to Finance Bill 2013, the revenue department officials can now arrest a person for non-payment of collected service tax.

Earlier, the officials did not have any power to arrest a person for service tax evasion. But now the director and manager of a company who fail to pay collected service tax can be arrested with imprisonment for up to 7 years in addition to the penalty which may extent to Rs 1 Lakh.

The Section 91, which was incorporated in this year’s Finance Bill, […] Read more

FINANCE CAREER OPTIONS

Finance is the lifeblood of every business. So there is always demand of finance professionals. Here are the few options for finance as career:

A. Corporate Finance: In corporate finance you would work for a company to help find its sources of finance and their effective implications. Job options in Corporate Finance are:

-> Treasurer

-> Credit Manager

-> Investor Relation Officer

-> Controller

B. Investment Banking: Investment banks help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities and provide financial advice. Job options for Investment banking are:

-> Analyst

-> Management graduates in accountancy, finance experts and economists with postgraduate qualifications in Finance, […] Read more

Psychological Traps That can Ruin your Investments

Following are the 5 psychological traps that can ruin your investments:

1. Becoming Blind Fan: Many people fall in love with some companies and stick to them as investors.
To avoid this trap, an investor should be flexible and cautious that he is not getting attached to companies. Investors should keep on watching its performance and know when to withdraw or reduce investment.

2. Falling in Love with Junk Stocks: People fall in love with their investment decisions and cling to shares whose market value has declined and immediate chances of recovery are remote. They do not take decisions either to withdraw or […] Read more

Fixed Maturity Plans Preferred Against Gold Mutual Funds

As I said in my previous blog that one should avoid too much gold investment, according to Association of Mutual Funds of India (AMFI) craze of gold mutual funds is going down & fixed maturity plans are back in favor. Due to current market uncertainty, investors are not showing interest in equity funds. Liquid funds have started getting back inflows that had paused for some time.

According to the report, investors have withdrew Rs594 crore out of gold ETF in the month of August which is highest amount of money ever withdrawn from gold ETFs. And only Rs 6 crore were […] Read more

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