Finance

When Should You Purchase a Single Premium Life Insurance Policy?

William Gillard

June 5, 2023

Life insurance is a financial planning tool that protects your loved ones. It ensures that the beneficiaries mentioned in the policy receive a death benefit, which provides financial security to their loved ones even if they pass away. The importance of life insurance cannot be stressed enough but with time, it has been seen how having life insurance coverage can help people. A life insurance plan comes with different life insurance premium payment modes, such as Regular Pay, Limited Pay, Single Pay and premium payment frequencies such as annual, semi-annual, quarterly, or monthly. We will specifically discuss what a single premium plan is, how it works, when you should buy one, and what benefits you will get. What is a Single Premium Plan and How does it work? A single premium pla

Finance

Learn How to Use Loan Against Property Calculator

William Gillard

February 2, 2023

A loan against property is a type of secured loan you can get by pledging an asset as collateral with the lender against the amount you borrow. The asset could be a residential or commercial property. The asset remains with the lender until you repay the full amount. Since LAP is a secured loan, you can borrow a higher amount and get a longer repayment term, up to 15 years. Also, loan against property have lower interest rates than unsecured loans like personal loans. Although the EMIs for personal loans are affordable, you may want to know the exact EMI amount you would repay the lender so that you can plan your finances accordingly. The best way to compute the EMI for a loan against property is to use the loan against property calculator. Let us know more about what it is and how t

Finance

How Retirement Plans Can Help You Enrich Your Future

William Gillard

October 11, 2022

There’s no doubt that retirement can feel like a long way off for many young people right now. However, it’s never too early or late to start thinking about your future. That’s why having an opportunity to enrich your future is so important! In this article, we discuss the importance of retirement plans as well as their benefits. Thus, it can help you make an informed decision when planning to invest for retirement. Why Should You Have a Retirement Plan? One of the best things about retirement plans is that they can help secure your future. That’s because such a plan can enable you to save for the future by putting money away for retirement. This is particularly important because, for many people, their savings and their own pensions are not enough to ensure a stress-free life after

Finance

Benefits of Assured Savings Plan

William Gillard

October 3, 2022

Looking for a great way to save money? Check out the Assured Savings Plan! This program offers many benefits, including guaranteed savings and protection from market volatility. Here are some of the key features of the Assured Savings Plan: Guaranteed Savings You can be assured that you will save a certain amount of money each year providing a guaranteed return on investment, regardless of what happens in the stock market. It works by setting aside a fixed amount of money each month, which is then invested in a portfolio of conservative investments. This means that your savings are protected from market volatility, and you can be sure that you will reach your financial goals. Comprehensive Life Insurance Cover The Assured Savings Plan also provides comprehensive lif

Finance

Factors that Impact Your Term Insurance Premium

William Gillard

July 21, 2022

Your insurance premium depends on a host of factors. There is no fixed premium amount for all insurance policies. Thus, you could be paying a premium that’s way lower than your friend who got his term insurance last month. Before you take out that Term insurance premium calculator and start assessing your monthly premium, take a look at the factors that affect the premium. #1 Age The most important factor in determining term insurance premium is age. The mortality rate typically increases with age, and your premium increases in tandem. In fact, insurance providers have a fixed percentage system they follow to increase their premiums with age. Therefore, it is always advisable to buy term insurance when you are young or just starting your career. #2 Gender Gender is another fact

Finance

5 features of a current account that can suit your startup

William Gillard

July 21, 2022

Every business, well-established or startup, needs a Current Account to handle daily transactions. If you have launched a startup business, then it becomes imperative for you to acknowledge and understand the value of managing a Current Account right from the start. If you are an individual who has recently launched a startup, then you might not know what is meant by a Current Account. So, a Current Account is nothing but a Deposit Account that you set up with your bank. This account is meant for businesses and individuals who need a considerably higher amount of transactions daily. But one of the most important features of a Current Account is that it is associated with liquid deposits. Current Accounts offer a ton of personalised selections to help you conduct your transactions and

Finance

All You Need To Know About Unsecured Line Of Credit

William Gillard

April 16, 2022

Business is one of the toughest parts to handle. Any business with the possibility of generating high revenue must be handled with care and concentration. The most crucial thing in a business is capital. Capital can be brought from various uses like production, research, marketing, management, employment, and much more. Business owners can even get business loan New York for their capital or funds.  The other way of gathering funds is the unsecured Business Line of Credit New York. Unlike traditional businesses that take loans with some interest and submit collateral for security in a bank, small businesses are allowed to borrow some amount without any collateral as a credit. More precisely, just like an individual awarded a credit limit after the approval of a credit card, Commercial R

Finance

Best Practises to Pay EMIs on time

William Gillard

January 24, 2022

When you apply for a home loan, it is vital that you plan your finances well so that you can manage the repayment. You must ensure that you have sufficient resources to repay the EMI (equated monthly instalment) on time every month till the end of loan term. If you fail to repay even a single EMI or delay the payment even by a single day, it could have a significant impact on your financial credibility and you may lose valuable points on your credit score. So, how to manage EMI payment on time? The following tips can help you. Borrow responsibly One of the most effective ways to manage home loan EMI payments on time is to borrow responsibly. You must use an online EMI calculator to determine the exact EMI payable for the amount you want to borrow. If the EMI is high and does not f