Lately, I've noticed many influencers criticizing LIC. 🤔 It's crucial to remember that a product's value depends on your goals. LIC policies often offer great guaranteed savings, tax-exempt unlike FDs! 💰💡 #LIC#InvestSmart
@Abhishekvijaya7@NIKHILLJHA As per IRDA, they are not covered in basic health insurance and they have drafted a standard list across all insurers for non payables, mostly all good plans cover it inbuilt or with a rider.
Double check your policy documents to understand coverages.
🚨 Found in 11 health plans: a clause that clashes with IRDAI’s rules.
It lets insurers change policy terms or pricing AFTER you get a disease.
Shocking, right?
We found this sneaky clause in 11 out of 50 plans we scanned. 👇🧵
Having worked in the MF industry for quite a few years and having measured historical returns, I do not recommend direct stocks. I trust professional fund managers more.
Many people ask me why I do not talk/ recommend about direct stocks!
Things which can be outsourced should be outsourced. Things which only you can do, do only those things !
Those who do DIY should first focus on what is the top most priority! Health / Family or wealth!!! I am clear about my priorities!!!!
Mutual funds sahi hai !!
✅ Using this technique with help you increase your returns by lakh
✅ This will be better than the returns of a normal SIP
WATCH TILL THE END TO UNDERSTAND HOW IT WORKS !!
https://t.co/J0gZoN8E8e
US levies hefty Exit tax on citizens becoming non-resident.
India is incentivising Citizens to shift tax residency and save on capital gains tax liability.
If you have significant capital gains tax liability on eligible securities, shift to UAE for more than 183 days.
Your family holiday abroad will be funded from the savings on capital gains tax.
Perfect example of famous dialogue of Basanti in the film Sholay
“आम के आम गुठलियों के दाम “
We should amend the laws immediately to ensure that tax is paid in the host country and credit is taken in the reciprocal country.
If we have to persist with tax benefits for larger causes, they should only be available to foreign citizens and not to “seasonal non-residents.”
The path of fiscal prudence runs through taxes. Tax compliance depends on an equitable distribution of the burden. Equitable distribution of tax burden will not happen if high taxpayers are incentivised to move abroad. Today it might be a small amount but tomorrow it could open a flood gate.
Let us give a fair, level playing field to both honest, tax-paying citizens of India and non-resident Indians.
We should move away from the policies illustrated in the Gujarati Proverb
ઘરના છોકરા ઘંટી ચાટે અને પાડોશીને આટો
Genuine NRIs still face many challenges in paperwork and tax assessment. We need to streamline that to bring them to India.
Two private detective investigators came to my house to verify a health insurance claim that we made. I am now wondering if health insurance is even worth it. Here's my story.
New Mutual Fund Rules to be Noted for your good.
These rules are making investing in mutual funds easier, faster and fuss free.
Kyuki, Mutual Funds Sahi hain ✨
#wealthpliers#sip
(New rules of mutual funds, Mutual funds rules from March 2025)
@BeshakIN Gratitude to Komal Jain at #Beshak for her patience, insights and support for my insurance needs. Her advice is clear, unbiased and most suited to my requirements. Highly recommended.
Thank you so much Komal.