Term insurance is a kind of life insurance that provides a predetermined amount of cover for a definite period of time. If the insured person passes away during the term of the policy, then the death benefit is paid to his nomineebeneficiary. Term plans are aimed specifically to provide for the family’s financial emergency in case of the death of the policy holder. There is no maturity benefit for the holder in case of his survival.
Gold is one of the most popular precious metals, and has been a favourite investment all throughout history. It has limited industrial application, but is highly demanded for its ornamental and retail purposes. However, the world obsession with gold as a safe haven and a possession to lean on dates back to the latter part of the nineteenth century when the Gold Standard was implemented. Discontinued by most countries during the period of World War 1 & 2, it was reintroduced in 1944 as the Bretton Woods system, where the US dollar was pegged against gold.
A Monthly Income Scheme is a deposit option with a bank or a post office or an investment with a mutual fund that earns regular interest and extends pay-outs on a monthly basis. Monthly Income Fixed Deposit Scheme Monthly Income Scheme with a bank is similar to a Fixed Deposit held with the bank, the only difference being that the interest is not accrued, but given out as a form of income.
What is SIP? A Systematic Investment Plan (SIP) is a staggered mode of investment in mutual funds. Instead of putting a lumpsum amount at one point in time, investors may prefer to put smaller amounts at regular intervals, so that they can secure an average price on the investment Some of the advantages of SIP mode of investment are: Avoiding unnaturally high buying price Organized manner of investment Taking advantage of a recessive phase in the market Can be matched with the cash inflow of the investor, e.