Personal Finance

Pradhan Mantri Jeevan Jyoti Bima Yojana

Prime Minister Jeevan Jyoti Beema Yojana (PMJJBY) – Must have plan

Prime Minister Jeevan Jyoti Beema Yojana Prime Minister Jeevan Jyoti Beema Yojana (PMJJBY) is a central government-sponsored life insurance scheme launched by former Finance Minister Arun Jaitley in 2015. It is a one-year coverage Term Life insurance policy with a Life Insurance Cover of Rs. 2 Lakhs. The PMJJBY requires to be renewed from year …

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copayment

Co-payment in health insurance – every detail

What is co-payment in health insurance? Health insurance is a type of insurance in which a policyholder gets some benefits for medical expenses that arise from an illness. Health insurance does not cover all medical expenses of an individual. Health insurance companies pay a large portion of one’s medical expenses but some amount of the …

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Joy Bangla Pension Scheme

Joy Bangla Pension Scheme- benefits, application procedure, checklist

The state government of West Bengal has made several steps to ensure the social and financial stability of the state’s scheduled caste and scheduled tribal residents. In this pursuit of the people’s welfare, the West Bengal government created the Joy Bangla Pension Program, a new pension system for Scheduled Castes and Scheduled Tribes. All pension …

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ULIP Vs Mutual Funds

ULIP vs Mutual Funds vs Traditional Life Insurance (Endowment Plans)

Comparison between Unit-linked Insurance Plan (ULIP) vs  Mutual Fund vs Traditional Insurance Unit Linked Insurance Plan (ULIP) is a type of hybrid insurance plan that provides both insurance coverage and investment in a single plan. Mutual Funds on the other hand is a type of investment instrument, where an enormous number of individuals pool their …

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