Apollo Munich has launched a new Super top up insurance plan with name Apollo Munich Optima Super. They call it an aggregate insurance plan, as it takes into account the aggregate of claims made in a single year as deductible, unlike a top up plan where in every claim the deductible gets applied.

There are very few insurance players in the market like United India, HDFC Ergo which offers Super top up insurance plans and now Apollo Munich has also joined the league. Let’s understand the product in detail. Read More…


How to generate retirement income for parents

by Manikaran Singal on July 18, 2014

That day Hitesh was actually sounding very emotional, after all he’s never lived away from parents since childhood. But now when his employer company was sending him to US for a project, he was worried on who will take care of his parents back home.

He got married last year and knows that his parents had spent most of their retirement savings on that occasion and now when time has come for him to take care of them; he’s moving out of country. He wanted to stay back and leave the job but financial benefits were looking quite lucrative, as he knows that going forward his family’s expenditure will surely be increasing and so his responsibilities to support both ends i.e parents and kids. Read More…


Meet the planners again – FPGI Annual Meet 4 (Round up)

by Manikaran Singal on July 11, 2014

When wonderful gets accompanied by thunder showers it becomes thunderful. And this was what i experienced at Alibagh (Near Mumbai) where I was last week for Fourth Annual meet of The Financial planners’ Guild India (FPGI).  Read More…


How Union Budget 2014 will impact your Personal Finances

by Manikaran Singal on July 10, 2014

As a general perception union budget is all about taxes. Tax reforms, tax exemptions, tax rebates etc. Everyone wants to know what’s in it for them. For them a good budget is that which announces lots of tax sops. This time also people were expecting some tax sops as this is what they presume to be as “Acche din”. But finance minister has to look at the big picture and has to develop a policy which would benefit country at large. This is what he did in the Union Budget 2014. He’s given something to everyone with keeping fiscal prudence intact. Read More…


HDFC life Click 2 invest – different but no different

by Manikaran Singal on June 26, 2014

HDFC life has come up with one of its kind unit linked insurance plan with name HDFC life Click 2 invests. Why it is unique is because it is devoid of many charges that generally ULIP insurance plans have. It doesn’t have any allocation charge, administration charge and even the discontinuation charge. HDFC life click 2 invest can be bought online only and thus does not have any distribution cost attached too. But even after its no charge structure, does it make sense to invest in HDFC click 2 invest insurance plan. Let’s find out. Read More…


Experience is simply the name we give to our mistakesOscar Wilde

It seemed to be a good idea at that time.

Yeah!! After all my last investment had made  good returns and my branch manager who’s more experienced and knowledgeable, also was going for it, then why shouldn’t I?

These were my thoughts when I was convincing myself to go for personal loan to invest in some penny stocks as advised to me by my then Branch head of ICICI Bank. This was 2004 when markets had just started showing some signs of recovery. Few months back only I had invested on his tip and made 20%, and this time I wanted to multiply more. Moreover being a bank employee I was eligible for concessional interest rates. So Math was looking quite exciting. Read More…


What roles does a financial planner play for you

by Manikaran Singal on June 13, 2014

Financial planning is a common sense approach, said Samar, a good friend of mine who works as a project manager in an MNC. Whatever you tell your client is not a rocket science and something they should be doing themselves. I mean cash flow, budgeting etc. are technical jargons but are simple things which sounds a bit complex. Read More…


4 tips to manage personal finances, the corporate way

by Manikaran Singal on May 29, 2014

Sushil works as a Deputy general manager in a Telecom company and earns a decent 7 figure income. He is also a zonal manager and has more than 50 people in different states directly reporting to him. His work profile keeps him on tour for at least 10 days each month, and his phone never lets him feel at home if at all he is. It is natural to expect for such a work profile to be well organized, professional and expert in his specific field. Read More…


Top up health insurance plan to boost your coverage

by Manikaran Singal on May 23, 2014

Often people realize the importance of having adequate health insurance cover after getting into medical emergency. Even after knowing how fast medical costs are rising and its effect on personal finances you ignore this aspect. Same happened with Nitish (name changed), who came to me with reference of a common friend. Read More…

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LIC online term plan – Review and comparison

by Manikaran Singal on May 18, 2014

Finally LIC has launched its much awaited online term plan under name “LIC e term”. We have been expecting this move from India’s biggest insurance company for last 3 years, but better late than never.  Online term plans are not new but launching of e term by LIC direct has provided one good option to those who are delaying their buying of insurance just because they don’t trust private insurance players .

In this article I will review LIC online term plan – e term in detail and also check out the premium rates of different age groups in comparison to other insurers. Read More…