Zaroori Baat Hai

Be it the fat Indian wedding, expedition time, child education or any other purpose, the importance of personal loan is manifold to fulfil these purposes. It comes easily as you don't submit any collateral to procure the same. Unlike secured loans where one has to submit collaterals such as fixed deposits, mutual funds, stocks and alike to access the same. However, there are situations when you should avoid taking a personal loan for your overall financial well-being. Let's discuss this critical topic in greater detail. Times When You Should Say NO to a Personal Loan A personal after all is a debt that you need to repay over time. So, if you don't get the loan with the right terms and conditions, avoiding the same is advised, unless you face an emergency and your savings are not sufficient to meet the same. After all, there are some things you should never do with your money . Let's look at certain situations when you should say 'NO' to a personal loan. When Per...

Why should I invest in term insurance? Why not in an investment plan only that gives me healthy returns? And why should I invest in term insurance knowing that there are no benefits should I survive the policy term? All these are valid questions that must have crossed your mind. Let's answer these questions one after another in brief before going for an elaboration.  Term insurance protects your dear ones with a greater sum assured for a much lower premium. The answer to the first question. Yes, you should invest in an investment plan like a mutual fund or ULIP based on your risk appetite and investment objectives. But while mutual funds don't offer you life coverage, ULIPs give the same but not to the extent of a term life insurance.  And while you don't receive term insurance benefits when surviving the policy term, except for the return of premium policies, there's virtually no loss for you. Your investments in mutual funds, stocks and others will let you prevail. Bu...