Connect with us

This Raksha Bandhan, protect the financial interests of your loved one


raksha bandhan, financial protection, insurance, life insurance, health insurance, term insurance plan, value of human life, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Ayushman Card, Jan Arogya Yojana, SIPOne of the festivals that evokes responsibility among Indians is Raksha Bandhan.

By Ajay Sharma, Managing Director & Partner, Mitra LLP Investment Advisors

India is a land of Festivals. Traditionally India had been an agrarian society and had made tremendous progress in agriculture. Prosperity brought celebration into our lives along with responsibility. The sense of responsibility towards our beings in society, including non-humans is reflected in our holidays and in our rituals.

One such festival that evokes responsibility among Indians is Raksha Bandhan. In his most famous interpretation to this day the brothers assure and promise to protect all the interests of their sisters and against all evils in the lives of their sisters.

On this Raksha Bandhan, let this promise not be limited to a few gifts and a promise to protect them physically, but to expand its purpose, both in terms of relationship and in the field of defense. This year, as you expand the field, include all those people who are dependent on you and provide them with your umbrella of financial protection. They can be your parents, your sisters, children, life partner, employees and anyone else.

Scope of defense

  • The first and most important thing is to ensure that money should continue to flow to all those who depend on your income even in absentia. So calculate your human life value and buy a Long Term Insurance Plan If your wealth is short on the value of your human life.
  • Second, buy health insurance for all those who depend on you, including you, to cover the extra expenses one has to incur in the event of an unfortunate incidence of illness.
  • Third, evaluate your investments and check that you are saving enough to meet the financial objectives of each dependent by the time they become independent.
  • Fourth ensure that you have a sufficient body in your case fund to meet the costs of any unforeseen situation.
  • Fifth and equally important is to ensure that you save enough on meeting expenses after retirement.

Protect your employees

Ancient texts are full of stories that show that this festival was not just celebrated among brothers and sisters. On this day people use to tie the sacred thread around the wrist of their Master and seek their protection. As a master you can protect your maid, gardener, driver and any other employee at home or at work.

Buy Prime Ministers Jeevan Jyoti Bima Yojana and Suraksha Bima Yojana. They hardly cost anything. Make sure all your servants have the Ayushman Card to enjoy the benefits of Prime Minister Jan Arogya Yojana. You can also explore group claims, group accidents and group mandate plan for them. Motivate them to start a recurring deposit with a bank or a SIP in a liquid fund to create their own emergency funds and an SIP in a equity fund to create long-term corpus for themselves.

You can get the help of a certified Financial Planner in case you have a hard time figuring out how to do this. So this Raksha Bandhan promise will protect the financial interests of your loved ones and also provide protection for those who serve your interests.

Do you know what it is? The FE Knowledge Desk explains each of these and more in detail in Financial Express Explained. Also get Live BSE / NSE stock prices, latest Mutual Fund NAVs, Best Equity Funds, Top Winners, Top Losers at Express Express. Don’t forget to try our Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay up to date with the latest Biz news and updates.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]

Advertisement
plus
Entertainment22 seconds ago

I want the Kashmiri language to reach Bollywood, says singer Ishfaq Kawa

Bandipora (Jammu and Kashmir) [India], Aug 5 (ANI): A young Kashmiri singer from Bandipora district in Jammu and Kashmir aspires...

Sports49 seconds ago

Joe Thuney gives his take on the future of Patriots after playing 2020 on a franchise tag

Business1 min ago

Roku users spent 14.6 billion hours streaming in the last quarter

Roku users streamed 14.6 billion hours of content in the second quarter, helping the streaming company to post better-than-expected revenues...

International2 mins ago

Rescue of RPF 290 train passengers stranded on flooded tracks – mumbai news

The Railway Protection Force (RPF) and the National Disaster Response Force (NDRF) rescued 290 passengers from local trains on the...

Politics4 mins ago

South Korea’s bashing does not strengthen Xi

Donald Trump has done it again: insulted a major ally. This is not the first time that South Korea has...

Tech4 mins ago

Microsoft Whiteboard Adds Sticky Notes to Improve Team and Web Performance

Microsoft has announced some major improvements to the web and team whiteboards. It includes two new features and a complete...

Uncategorized5 mins ago

The video shows a huge explosion rocking in central Beirut

A crowded explosion erupted in central Beirut, injuring thousands of people and smashing the windows of city buildings. This explosion...

Politics6 mins ago

[Cek Fakta] Jokowi would have cursed the supporters? Here are the facts

Fake news screenshot. Photo: Facebook Release of a photo of President Joko Widodo delivering a speech with a gesture with...

Entertainment7 mins ago

FBI raids the home of YouTube star Jake Paul in California | Entertainment

LOS ANGELES (AP) FBI agents, including a SWAT team, sent a search warrant to the home of YouTube star Jake...

Fashion8 mins ago

Pregnant Dani Dyer wears nude dress for baby photo

Dani Dyer looked every inch at the delicious mom-to-be as she uploaded a beaming Instagram pic on Wednesday afternoon. The...