Author: Naresh Saini

LIC has launched a special initiative called the Bima Sakhi Yojana, made especially for Indian women. This scheme helps them become financially independent by training them as Life Insurance Corporation (LIC) agents. Women get a fixed monthly stipend and also earn a commission on each policy they sell. Through Bima Sakhi, women can acquire new skills, earn a monthly income, and support their families. The scheme also helps LIC increase awareness about insurance in villages and small towns. Why LIC Started Bima Sakhi Scheme This scheme is not just about selling policies. LIC wants to connect with women in rural…

Many people feel unsure about starting investments at the age of 40. Some even think it’s too late. But that’s not true. In your 40s, your earnings are usually at their peak, and with steady planning, you can still create a solid retirement fund. The key is to take wise steps and avoid risky moves. If you’re beginning your investment journey now, follow these important points to make the most of your money and time. Stay Away from High-Risk Moves, Focus on Balance At 40, your goal should be safety with some growth. Don’t put all your money in risky…

Central government employees have an important retirement-related decision to make before 30 June 2025. The government has allowed them to choose between two pension options — the existing National Pension System (NPS) and the newly proposed Unified Pension Scheme (UPS). While both schemes aim to support financial security after retirement, they differ in terms of structure, benefits, risk, and flexibility. Before employees make a choice, it is crucial to understand how these two schemes work and which one fits their retirement needs better. Guaranteed Pension in UPS Offers Predictable Retirement Income One of the biggest benefits of the Unified Pension…

In today’s fast-paced work culture, the idea of retiring early is becoming more popular among young Indians. Many professionals in their 20s already dream of saying goodbye to the 9-to-5 grind by the time they turn 45 or 50. But the real question is – how many of them are preparing for it financially? According to a recent report by Grant Thornton Bharat, 43% of Indian professionals aged 25 or younger wish to retire between the ages of 45 and 55. This shows a strong desire for financial independence at an early age. However, the same report highlights a major…

Despite increasing incomes and awareness about financial planning, most Indians still rely heavily on traditional government-backed schemes like EPF, NPS, and Gratuity for their retirement. A recent survey by Grant Thornton India paints a worrying picture — many individuals have high hopes for their retirement income, but very few are investing enough to reach that goal. Most Working Indians Depend Only on Traditional Retirement Schemes Grant Thornton’s survey revealed that about 83% of Indians depend on EPF (Employees’ Provident Fund), Gratuity, and NPS (National Pension System) as their main retirement savings tools. While these schemes offer safe and reliable returns,…

The Uttar Pradesh government has started a fresh verification process for ration cards across the state. Officials are checking and removing the names of people who no longer qualify, such as those who have passed away or submitted incorrect details earlier. The government has decided to cancel these ineligible ration cards and issue new ones only to truly deserving citizens. To make sure subsidised food reaches the right people, the Food and Civil Supplies Department is now working district by district. The goal is clear—to give food benefits to the poor and needy, especially as the government is currently providing…

In a major update that could benefit over 6 crore salaried employees, the Employees’ Provident Fund Organisation (EPFO) is preparing to roll out a faster and smarter digital system called EPFO 3.0. This upgrade may launch as early as June 2025 and could make withdrawing PF money instant, removing the usual 5 to 15-day waiting time. With this system in place, employees may no longer need to fill long forms or wait for approvals to get their money. Instead, withdrawals will become possible via UPI apps like Google Pay, PhonePe, and Paytm or even directly through ATMs, especially during emergencies.…

Many people see retirement as the time to relax, but for some, it brings a feeling of emptiness. After working for 30 to 40 years, it is not easy to suddenly stop being active. That’s why many retirees in India now look for ways to stay busy and earn money even after retirement. With more life experience, skills, and confidence, senior citizens can explore new opportunities that give both income and satisfaction. Retirement is no longer just about sitting at home. With increasing life expectancy, good health, and better awareness, many people above 60 are starting small businesses. You don’t…

Sukanya Samriddhi Yojana (SSY) is one of the most trusted savings schemes for a girl child in India. If you are a parent planning your daughter’s future, then this small monthly investment can build a large fund by the time she turns 21. The central government backs the scheme and gives one of the highest interest rates among small savings schemes. It also comes with tax benefits and a safe maturity structure. Here, we explain how much total fund you can get from SSY based on your monthly investment using a simple calculator. What is Sukanya Samriddhi Yojana? Sukanya Samriddhi…

In today’s world, managing money wisely is not just a habit, but a necessity. With inflation rising, simply saving money in your bank account won’t help you beat the cost of living. You need an investment tool that helps your money grow and also gives peace of mind. For millions of Indians, that tool is a Systematic Investment Plan (SIP) in mutual funds. SIP has become the go-to choice for both new and experienced investors in India. It allows you to invest a fixed amount regularly in a mutual fund scheme. Over time, this small, steady effort can create a…