Will ₹6 crore be enough for retirement? How to plan for a secure future | Mint

I am 38 years old, earning ₹1.80 lakh per month, with monthly expenses of ₹1 lakh. My current investments include ₹8,000 in NPS, ₹6,000 in VPF, ₹18,000 in EPF, and ₹50,000 per month in equity mutual funds. My accumulated savings stand at ₹7 lakh in NPS Tier 1, ₹15 lakh in PPF, ₹14 lakh in … Read more

HSBC Bank launches TravelOne Credit Card: Should travel geeks consider it? | Mint

As the travel segment grows, the competition in the travel credit card category is picking up. Some banks have rolled out travel-centric credit cards. Earlier, we had the American Express Platinum Travel Credit Card and the Axis Bank Atlas Credit Card in the travel category. Now, HSBC Bank has also joined with the TravelOne Credit … Read more

How reinsurers can help bridge India’s huge protection gap

According to data from the Swiss Re Institute, total insurance premium collections are projected to grow by 7.1% over the next five years (2024–2028). This growth rate significantly surpasses the global average of 2.4%, the 5.1% growth in emerging markets, and the 1.7% average in advanced markets. Over the next decade (2024–2034), total premiums are … Read more

Looking to buy health insurance? 5 riders that you must know about | Mint

When buying health insurance in India, it is good to know what the riders are so that your policy becomes more efficient and personalised as per your needs, aspirations and expectations. Also Read | Health insurance EMI: Key risks and considerations you should be aware of There are extra benefits tagged on to your basic … Read more

EMIs in health insurance: What you need to know before opting for installment plans | Mint

Equated monthly instalments (EMIs) have expanded in scope and size turning into a handy tool for those who want to buy a whole range of things—from homes and cars to refrigerators and mobile phones. You can start enjoying the product even without fully owning it by making small payments every month, quarterly or half-yearly. With … Read more

New vs old income tax regime: ₹1 crore to ₹5 crore salary — What’s your actual take-home pay? | Mint

How much of your high-paying salary do you take home? A comparison of India’s new and old income tax regimes, focusing on earnings between ₹1 crore and ₹10 crore, highlights the significant differences in tax burden and net income. The data reveals a clear trend: the new regime typically offers a higher take-home pay. The … Read more

Income Tax Deadline! Last 3 weeks to invest in tax saving instruments to claim tax deduction, check details | Mint

With financial year 2024-25 soon coming to an end, only three weeks are remaining before the taxpayers can invest in the tax-saving instruments such as PPF, NSC, KVP, SSY and SCSS.  Taxpayers who wish to claim income tax deduction must invest in these instruments before March 31. Where can taxpayers invest to claim income tax … Read more

International women’s day: 4 financial tips every woman should know for smart fund allocation | Mint

International Women’s Day is just as good a day as any to provide strength to women and enable them to be the torchbearers of their own financial destiny. This can be done through proper planning, effective money management and thoughtful fund allocation. Now, it is a given that investing appears to be a difficult task … Read more

What is critical illness rider in life insurance plan? Key advantages explained | Mint

Despite taking both life and health insurance policies, policyholders are suggested to opt for a critical illness rider. This is because it helps policyholders manage their finances well in case of an eventuality. Those who are not aware, a critical illness rider is attached to the life insurance policy and provides financial protection against life-threatening critical illnesses. This … Read more

From chemistry class to stock charts: The story of a woman who aced the markets

Her first brush with the stock market wasn’t smooth due to the Harshad Mehta scam. She and her husband, Sandeep Shaligram (60), suffered massive losses in the infamous Harshad Mehta scam. “The Harshad Mehta boom motivated a lot of young couples like us to invest in stocks, but the scam and the subsequent crash in … Read more