Life Insurance Corporation declares interim bonus every year and added in the account of respective policy holder. Policies which are categorized as With Profit policy tend to get the bonus while non-profit policies like term insurance or term insurance with return of premium plans won’t get the bonus. Bonus declared is generally depends on Type…
Retirement Planning – What Amount Will I Need For My Retirement?
Retirement planning is important aspect of any financial plan.This brief post is about retirement planning and what approximate amount I will require for retirement. For retirement planning one should take care of following important things: Time Value Of Money: Inflation have to play a key role in retirement planning.You can use following inflation calculator to…
What Should You Invest Per Month To Get The Target Of Rs.1 Crore:
Following table can be used as a ready reckoner to acheive the apprx target of 1 Crore , for different time period and different returns assumed. The following table may help you to know what monthly saving / investment is required at the beginning of every month to reach the goal of 1 crore. Returns…