personal finance - Angel One

As we all approach retirement, planning for it becomes crucial. This involves setting financial goals for different stages of our lives to ensure a secure future. Understanding these stages is vital. In this article, we’ll start by explaining what is a retirement plan. Then, we’ll explore the various steps involved in retirement planning, breaking down …

In India, the retirement age is often touted to be 60. However, working for the majority of their life isn’t something that many individuals prefer. Instead, retiring early with enough financial resources to live a carefree life is what they aspire for. If you’re also fond of achieving financial independence quickly, the FIRE movement may …

The Indian Income Tax Act of 1961 provides individuals with many avenues to save tax. One of the many provisions through which you can reduce your tax liability is through section 80D. Section 80D of the Income Tax Act contains provisions that allow you to claim tax benefits on health insurance. If you already have …

In today’s fast-paced world, it’s crucial to have proper financial protection against medical expenses. Two common ways to achieve this are through mediclaim and health insurance. Although many people consider them the same, they differ in the coverage they offer for medical expenses. In this article, we’ll delve into the meaning of mediclaim and health …

The rising medical costs can quickly burn a hole through your savings if you ever get hospitalised. Thankfully, you can avoid healthcare expenses eating into your finances by purchasing health insurance.  When you’re insured with a health insurance policy, you don’t have to pay for your medical treatment and hospitalisation expenses out of pocket; the …

Health insurance is like a safety net for both your well-being and your family’s financial stability. It comes with several benefits, such as covering medical expenses, providing cashless treatment options, wellness rewards, regular health check-ups, and virtual medical consultations. Beyond these usual perks, if you maintain your policy without any breaks, there’s an extra advantage …

In India, there’s simply no dearth of investment options. Money market instruments are one among the many financial instruments you can currently invest in. Investing in these financial assets is a great way to diversify your portfolio and reduce risk. But then, what are money market investments and are there any benefits or disadvantages associated …