Author: Naresh Saini

When a person passes away, life insurance becomes one of the primary sources of financial support for their family. However, many people remain confused about whether the amount received from the insurance claim is taxable. Some believe the full amount is tax-free, while others worry they might need to pay tax on it. Let us break down the rules and help you understand in which situations insurance claims are tax-free and when they are not. Insurance Claim After Death Is Usually Tax-Free Under Section 10(10D) As per Indian income tax laws, any amount received by the nominee after the insured…

When people think of a safe investment, most immediately think of the Public Provident Fund (PPF). Backed by the government, tax-free, and guaranteed returns, PPF is one of India’s most trusted saving tools. Many Indians believe that regularly investing in PPF can create a secure retirement corpus. But here’s the question we must ask today: Is PPF enough for your future life, especially after 20 to 30 years, when prices will be much higher due to inflation? Let’s understand how inflation silently reduces the power of your savings and what you must do next to stay financially strong in your…

In India, most middle-class families look for safe and stable investment options. Two of the most preferred and trusted choices are Fixed Deposits (FDs) and Small Savings Schemes. These options may not promise massive returns like mutual funds or the stock market, but they offer peace of mind with guaranteed returns and low risk. However, the decision can be confusing when it comes to choosing between the two small savings schemes or fixed deposits. Each has pros and cons based on interest rates, liquidity, lock-in period, tax benefits, and overall returns. Let us understand both in detail and see which…

Have you ever thought about how much your money will be worth in the future? If you have Rs. 1 crore in your hand today, it might seem like a huge amount. But after 20 years, will that same Rs. 1 crore still feel big? The answer might surprise you. In India, the average inflation rate is around 4% per year. This means the price of most things increases by about 4% every year, be it food, fuel, education, or healthcare. Over the long term, inflation eats into the value of your money. So, Rs. 1 crore after 20 years…

India has started a new passport for international travellers – the chip-based e-passport. This move will give more safety to people’s personal and travel details. The Ministry of External Affairs has launched this modern passport under the Passport Seva Programme (PSP) Version 2.0. The e-passport combines electronic technology with the regular passport format. It looks just like a normal passport but has a golden-coloured symbol on the cover. That symbol means it has an electronic chip installed. Where Has India Started Giving E-Passports? The chip-based passport service has already started in 12 regional passport offices. These include: In Tamil Nadu,…

For centuries, people in India have trusted traditional medicines like Ayurveda, Yoga, Unani, Siddha, and Homeopathy. These methods are part of the AYUSH system, which is deeply rooted in Indian culture. However, until a few years ago, insurance companies did not cover the cost of such treatments. That changed in 2013 when the Insurance Regulatory and Development Authority of India (IRDAI) officially allowed insurance coverage for AYUSH treatments. Since then, many health insurance companies have included AYUSH coverage in their policies. However, if you want to use this benefit, it is essential to understand the rules and limits and how…

Many people in India still find insurance confusing. They know it’s important but often don’t understand how it works or what kind of insurance they should buy. There are two main types of insurance: Life insurance and general insurance. However, within these categories, many plans exist for different needs. Insurance is not just about financial security—it’s also about peace of mind. Let’s understand how life and general insurance plans work and how they help protect you and your family. What Is Life Insurance? Life Insurance is a type of financial cover that protects your life. If the insured person passes…

When someone in the family dies, handling their finances and legal documents becomes a big responsibility. Among those, cancelling the PAN card of the deceased person is very important. If not done, it can lead to misuse or fraud in the name of the person who has passed away. The PAN (Permanent Account Number) is a key identity document used for tax purposes in India. If it remains active after a person’s death, it may be wrongly used for illegal financial activities. That is why the Income Tax Department has given a straightforward process for PAN card cancellation in such…

Every parent dreams of seeing their child study at a good college in India or abroad. However, education costs are rising yearly, and managing such a significant expense without proper planning is difficult. Just saving money is not enough anymore. Parents must plan early, choose the right investments, and prepare for all possible costs. Many things can affect your budget, from tuition fees and travel to foreign exchange and living costs. But with thoughtful planning and timely action, you can ensure your child doesn’t miss any opportunity due to a shortage of funds. Here’s a step-by-step approach to plan financially…

Cancer is a serious illness that can occur in your life at any situation. You cannot predict at which moment you will get to listen to the bad news that you are suffering from the worst disease: cancer. Hence, it is always advised to prepare and buy the best cancer insurance plan early to face any situation like this. Earlier, there was no solution for fighting cancer before you are going to discovered with you have it. But nowadays, one can fight cancer before they have this news in their hand in terms of the report. But we cannot go…