Many Indians underestimate retirement needs, ignoring inflation and healthcare costs, while relying too much on traditional savings, such as EPF, thereby putting long-term financial freedom at risk
While most individuals focus on retirement corpus creation, financial planners say one should have a systematic withdrawal plan aided by annuities and inflation to ensure income security throughout life.
Common retirement myths can create a false sense of security, leaving individuals financially vulnerable despite years of saving and planning
To invest beyond the NSE and BSE, Indian retail investors can utilise avenues, such as the RBI’s Liberalised Remittance Scheme (LRS). This regulatory framework permits a resident individual to remit up to $2.50 lakh per financial year for permitted purposes, which explicitly includes making overseas investments
Motor insurance policies usually cover specific risks such as accidents, theft, fire, natural calamities, third-party liability, and personal accident cover, depending on the type of policy and add-ons purchased
The PFRDA has launched the ‘StAR NPS’ platform to streamline the onboarding process and make it completely digital. It will effectively bring the settlement cycle to T+1
The Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) covers more than 1,900 procedures for treatment. However, the funds allocated for cancer treatment under the scheme are less than required. The FinCan study suggests that including early diagnosis of the disease under the scheme could reduce fund requirements and save more lives
