The Financial Literates

Should you buy LIC Jeevan Vaibhav?

Hemant Beniwal — Tue, 29 May 2012 06:15:02 +0000

Before reading review of LIC Jeevan Vaibhav – check what’s the current position of insurance industry & specifically LIC. The insurance industry is at cross roads. The wide spread misselling in Insurance Products, even by reputed Banks has marred the image of the industry. The Insurance regulator has started cleaning operation since the year 2010 starting with new ULIP regulations. The Government of India has also joined the chorus and made protection cover 10 times [...]

Its tomorrow that Matters

Hemant Beniwal — Mon, 28 May 2012 06:03:19 +0000

Good returns are seldom made on investments made in good times. Rather, good returns are typically made on investments made in adverse times. There is a fair value for listed companies, just like for companies that are not listed. In good times when the stock markets are doing well, companies typically trade above fair values and in adverse times when markets are not doing well they tend to trade below fair values. In the long [...]

Budgeting – The First Step to Financial Success

Hemant Beniwal — Wed, 23 May 2012 06:40:33 +0000

Everyone wants to be Financially Wealthy including you, but do you know for that first you have to become Financially Healthy. People who don’t care of their physical health always have problem in later years similarly people who are not financially healthy never becomes financially wealthy. How many times it happens that you think that your finances will improve if you get a good raise in salary from current employer or change in job – [...]

LIC Jeevan Akshay VI – Immediate Annuity Plan

Hemant Beniwal — Mon, 21 May 2012 12:07:24 +0000

LIC has entered online insurance space but surprisingly with an Annuity Product; which as a category is not very popular in India. They have not launched a new plan but selling their LIC Jeevan Akhsay VI with some rebate on it. What is Annuity? Annuity is one of the options available to regular income seekers. With a mandate of providing a fixed income to members for life or the terms selected, life insurance companies offer [...]

Steps before you start your own Business

Hemant Beniwal — Tue, 15 May 2012 03:19:41 +0000

Are you planning of starting your own business? Salary hikes & bonuses are announced in most of the companies and as expected – expectations are not met. Sometime this frustration can push people for starting business. You will be surprised to know that recession creates lot of entrepreneurs & this is also the best time to start the business. This topic is bit close to my heart because I faced similar questions couple of years [...]

What are your plans with bonus pay?

Hemant Beniwal — Mon, 30 Apr 2012 18:31:24 +0000

Fruits of patience & hard work are always sweet – this applies to your job too. Most of the employers in India have yearly appraisal systems and they declare bonuses & salary hike in month of April. This is a rewarding moment & for few this is the time when they think of changing the job or start on their own. But if you have really worked hard, and other parameters are favorable, there is [...]

Warren Buffett’s Advice & Infographics

Hemant Beniwal — Fri, 27 Apr 2012 18:31:00 +0000

I adopt a couple of old maxims as my beacons to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. Before starting Mr Buffett is having one question for you “If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period?” Many investors get this one wrong. Even though they [...]

Ask Readers: What’s your experience with buying online term insurance plans?

Hemant Beniwal — Mon, 23 Apr 2012 11:43:04 +0000

Buying online term plans is becoming very common these days; most of the financial planners including me are suggesting their clients to buy online term plans. Why?? Because if you are getting identical product at lower cost it definitely makes some sense. Even cost benefit is not small & it ranges between 2-5% every year – sorry I missed out ZERO. Difference between online term insurance plan & offline term insurance plan is ranging between [...]

Involve your Spouse in Financial Planning

Hemant Beniwal — Mon, 16 Apr 2012 21:29:38 +0000

Pravin, one of my close friends got his financial plan prepared without the involvement of Jaya, his wife who is a Law graduate by qualification and had opted out of career to take care of their son and other responsibilities as a homemaker. He was of the opinion that since they always discuss on what was really wanted in life, he indirectly is communicating it all. We met up at his office a couple of [...]

1000 thanks to Anil Kumar Kapila

Hemant Beniwal — Tue, 10 Apr 2012 06:24:21 +0000

1000 thanks to Anil Kumar Kapila from bottom of my heart, he solved 1000 queries of TFL Readers without expecting anything. This is something rare in such a selfish world. I would like to share a motivational thought from Anil Kumar Kapila – which shows how selflessly he is motivated to help people in improving their financial lives. “The satisfaction you get in giving something useful to someone is far greater than in getting something [...]