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India's medical inflation stands at 14%, the highest among Asian countries. Currently, on average, cancer treatments cost around ₹10-15 lakhs. In the next 5 years, it can go up to ₹20-30 lakhs. But increasing your cover means you will have to pay high premiums! That may not be true. That's when super top-up comes in. But how does it work? Let's say you have a base health insurance for ₹5 lakhs. And above that, you purchase a super top-up of 20 lakhs with a deductible amount of ₹5 lakhs. So, your base policy covers the initial ₹5 lakhs and everything above that is covered by the super top-up policy. Currently, health insurance with ₹5 lakhs cover costs~ ₹15k A super top-up of ₹25 lakhs with ₹5 lakhs deductible will cost you just ~₹21k This means by paying ~₹6k more, you get an increased cover of 20 lakhs! That is a great deal! Costs of health treatments are rising rapidly. Super top-ups can be a saviour in times of need. If you have a smaller cover, do get a super top-up Your future self will thank you!

Critical Illness Rider with Term Insurance

Tax on LTCG,STCG and Dividend

Get Dual Tax Benefits by investing in ELSS and NPS. To know more join this session on 7th January at 11:00 AM IST at https://bit.ly/7janwebinar. Ventura

A 1cr health cover for a 30-year-old can be built in a little over Rs 10,000! A simple hack that can help u get u a 1cr cover 20-50% cheaper than a single policy!

Observation. 1. In comparison to a 30 basis point increase in a 5 year time deposit, there was a 110 basis point increase in 1 year term deposits. It is anticipated that the interest rate would remain steady over the next year and then begin to decline after one to two years, after inflation is under control. 2. There is option to diversify a portion of the funds from PF to NSC to shorten the maturity time of the investment for 80C benefits is provided by the NSC interest rate of 7.0% and the PF interest rate of 7.1%. 3. The amount invested in the Kisan Vikas Patra will double in 10 years as opposed to 10 years and 3 months earlier (perfect example of the Rule of 72"72 divided by 7.2 equals to 10 years"). 4. Now,5 year Time Deposit and National Saving Certificate giving same interest rate of 7.0%. 5. Investment order - Putting senior citizens' savings first (If senior citizen) - Sukanya Samriddhi Scheme, the second priority (if girl Child) - 3rd Priority: Time Deposit, NSC, and PPF

There is some changes in Government Saving Plans.

Hi All, In order to claim the 80C limit for investments, I used to receive call in the final days of March ending for advise. There is currently a fantastic opportunity to invest 20 to 30 percent of the investment amount in ELSS Fund for 80 C and NPS 80 CCD (1B) for FY 2022-23. @FINNowledge

RBI’s Monetary Policy Committee hikes #RepoRate by 35 bps to 6.25%. The policy rate is now at the highest level since August 2018

https://youtu.be/1eLvugGXujQ Important words used in Discussion 1. G20 Chief 2. India Economy 3. Debt to GDP Ratio 4. Russia and USA Friendship with India 5. Mutual Fund in India 6. NAV of Mutual Fund from 10 to 1000 7. Amul 2047 18 Billion Turnover Target

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Youtube Channel - Anshuman Sharma This guy provide personal finance advise to people by understanding there current situation. Check his channel when free. For any query write us - FINNowledge@gmail.com Whats App - 701532924

What is the best fixed income option for 80C investments? PPF? NSC? Tax saver FD? None of them. The answer is VPF. VPF is a voluntary provident fund. It isn't the same as EPF, which is mandatory. VPF is voluntary and only available for salaried people. Why is it better than other options? Interest rates currently: VPF: 8.1% PPF: 7.1% NSC: 6.8% Tax saver FD: 5.5% Lock-in: VPF: 5 years PPF: 15 Years NSC: 5 Years Tax saver FD: 5 Years Tax on interest: VPF: Tax-Free up to ₹2.5 lakhs PPF: Tax-Free NSC: As per your tax slab Tax saver FD: As per your tax slab Withdrawal in case of emergency: VPF: Anytime PPF: Allowed after 5 years NSC: Not Allowed Tax saver FD: Not Allowed On all the points, VPF is a much better option than others; still, only a few people know about it! Keep in mind that interest on contribution to EPF+VPF above 2.5 lakhs will be taxable. So, if you are looking to invest more, make sure you consider this. How can you contribute to VPF? Easy: Make a written request to your HR. If you are investing or looking to invest in PPF/ NSC/ Tax saver FD, Think again! VPF is the best fixed income option for 80C (At least up to ₹2.5 lakhs) Source - Ajinkya Kulkarni Linkdin @FINNowledge @FINNowledgeIPO @FINNowledgeTrading #personalfinance #80C