In this article, Krishna describes a privacy-first personal portfolio tracker with intelligent insights. Please note: This is a paid tool and Freefincal is not associated with it in any way. This article does not constitute an endorsement. Freefincal and its authors are not responsible for any bugs/errors that the users may encounter. If you are…

A reader asks, “Can a 45-year-old get Rs. one lakh monthly income with Rs. 3 Crores retirement corpus?”. We will assume the reader wishes to retire immediately with a corpus of Rs. 3 crores. Let us punch this scenario into the freefincal robo advisor tool. We acknowledge the efforts of reader Sunil who pointed out…

We publish five kinds of screeners monthly. Each link will take you to the archive for that category with the latest screener at the top. Inside each screener, you get discounted links to our robo advisory tool and two courses: How to get people to pay for your skills (aka earn from skills) and the lectures on goal-based…

We have received many questions on the tax slabs for senior citizens in the revised new tax regime from 1st April 2023. The answer is quite simple! The new tax regime does not distinguish among individuals, senior citizens, super senior citizens and HUFs. All of them get taxed at the same rate!  The new tax…

Claim settlement ratio = the number of claims paid divided by the total number of death claims received. The Life Insurance Claim Settlement Ratio 2023 (data is from 1st April 2021 to 31st March 2022), sourced from the IRDA annual report, is tabulated below. Life Insurer Claim Settlement Ratio for FY 2021-2022 Aditya Birla Sunlife…

This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. The travel training kit (e-book) will include a deep dive analysis into vacation planning, finding cheap…

This is a review of LIC LIC Bima Jyoti, a new plan that is available from 22-Feb-2021. Let us analyse its features, merits and demerits and see if it has any value to offer and worth it. We explain why the typical returns obtained would be poor. Such launches are common during the “tax-saving season”…

Many AdSense users believe that it is illegal to disclose income from Adsense earns from ads on Youtube and from sites.  This is incorrect. These are the Adsense Terms of Service. Point no 11 is reproduced below. 11. Confidentiality You agree not to disclose Google Confidential Information without our prior written consent. “Google Confidential Information”…

The IRDA annual report with Life Insurance Claim Settlement Ratio Data for 2021 (FY 2019-20) was released on Feb 10th delayed by at least 1-2 months due to the pandemic.  The claim settlement ratio data along with total claims and claims paid is presented in the table below. Life Insurance Claim Settlement Ratio Data for…

Budget 2021 came as a shock to insurers who sold ULIPs. Their tax-status was changed from tax-free to taxable as capital gains (like mutual funds). In this article we discuss a question posed by a reader: Should ULIPs be avoided due to change tax rule in budget 2021? When equity mutual funds became taxable in…

In this article, Sarthak Parikh explains the importance of an emergency fund; how much is necessary; where to park it and how the pandemic has increased the need for a robust emergency fund. COVID-19 has hit us all hard in ways that we had never envisaged. The fear of losing a job if you are…

Recently, we received a query from a reader regarding some ambiguity in EPF interest rules. The reader was uncertain of how long an EPF account will earn interest if there is no contribution for 3 years or more than 3 years citing EPFO rules. About the author: Anjesh Bharatiya is a 30+ taxman by profession…

The National Payments Corporation of India (NPCI) has now permitted WhatsApp to launch its payments service in India in a graded manner. In this article, we look at the features of WhatsApp Payments facility. About the author: Anjesh Bharatiya is a 30+ taxman by profession and a Chemical Engineer by education. He has been an…

Govt of India (GOI) has announced the sale (Re-issue) of 6.80% Government bonds maturing in 2060. Retail investors can participate in this sale via the NSEgoBid platform on Nov 3rd and 4th 2020 (10 am to 5 pm). The auction will be conducted by the RBI on Nov 6th. Details of the 6.8% GOI Bond: …