Author: ITeCApp
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Life Insurance: Protecting Your Family, Not Just Saving Tax
I. Introduction Life insurance has existed in India far longer than many people assume. Over the years, several Indian and foreign insurers entered the market and life insurance gradually became a recognised part of household financial planning. In 1956, when the Government of India nationalised the life insurance industry and created the Life Insurance Corporation…
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The Financial Side of Falling Sick (Part 2): How to Build Health Insurance That Truly Protects You
Health insurance decisions often begin with clearing basic misconceptions and understanding the role insurance plays over the long-term. Having the right health insurance is not just a financial decision it is a form of long-term risk management as well. In our previous blog, we had addressed these foundational aspects. Once those fundamentals are in place,…
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The Financial Side of Falling Sick: Why Health Insurance Is a Must
The global health scenario has undergone a tremendous change, especially in the post-covid world. Individual health as well as the costs involved in medical expenditures have become highly unpredictable. Whether it is a minor surgery, a sudden hospitalization, or prolonged treatment for a critical illness, one thing is certain medical bills can quickly derail your…
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How to Plan for Big Life Events Financially
Life is full of surprises. Some are pleasant ones, while some may not be so. While emotions take centre stage during major life events such as marriage, parenthood or buying a home, these events bring in certain financial implications. If not planned for properly, they can lead to consequences such as falling into unmanageable debt…
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Should You Buy or Rent a House? -The Financial Debate Simplified
There are certain questions in life for which there is no one-size-fits-all answer. Individuals have to take decisions depending on the stage of life they currently are in terms of their professional, financial, and social circumstances. Should I buy or rent a house? —is one such age-old question that has continued to stir debates among…
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Shops and Establishments Act Registration: An Essential Prerequisite for Your Business
Introduction Starting a business in India, whether it’s a retail store, consulting firm, IT startup, or even a home-based online venture, comes with its share of legal responsibilities. One such registration requirement is under the Shops and Establishments Act, governed by state-specific labour laws. This regulation aims at establishing and ensuring basic welfare measures towards…
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Controlling Emotional Triggers in Spending : Recognise, Reflect, Respond
Introduction Do you often buy things to make yourself feel better, even if you do not really need them? You are not alone. Emotional spending has become very common these days; especially with the ease of online shopping and the availability of digital wallets, it is easy to fall into the trap of emotionally triggered…
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Building a Smart Investment Portfolio: The Core-Satellite Model
Introduction When it comes to building a sound financial future, selecting the right investment mix is essential. While both balanced and diversified portfolios are often used interchangeably, they are different in their approach towards investment risk management. In this article, we’ll explore the core-satellite model that can structure your investments effectively, incorporating conviction-based and goal-based…
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The Role of Financial Education in Shaping Your Financial Behaviour
I. Introduction Financial decisions are deeply influenced by our financial behaviours which are shaped by habits, emotions and personal experiences. While these patterns often operate subconsciously, the good thing is that financial behaviour is not static—It can be reshaped and improved. This is where financial education plays a transformative role. With the abundance of financial…
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Risk Tolerance vs Risk Capacity – Assess Your Risk Profile
I. Introduction Have you ever questioned whether your financial goals align with your ability to take risks? Or whether you are overcautious when you could, in fact, afford to aim higher? Answering these questions begins with understanding the often confused but fundamentally different two concepts: risk tolerance and risk capacity. Let us delve into this…