The “Million Dollar” in a million dollar life insurance policy can surely make it look tempting, but quite far-fetched as well. Like any other life insurance, a million dollar life insurance is a contract between an insurance policyholder and an insurer. In the situation of the death of the insured person, the insurer must pay the designated beneficiary a sum of money, in this case, 1 million dollars, in exchange for a premium. As long as your estate is not named as the beneficiary and you haven’t bought the policy as a third party, the proceeds from the insurance will be non-taxable.Read More →
What is Demat Account?
Demat or the dematerialized account is essential for Indian individuals to trade in listed stocks or debentures. According to the Securities Exchange Board of India (SEBI) guidelines, one is required to maintain a Demat account where shares and securities are held in electronic form. While registering with an investment broker (or sub-broker), it is opened by the investor. In short, it is a simpler and hassle-free way of trading online.Read More →
Women are a key force in the entrepreneurship field. This is a reason why governments, authorities, and lenders have tried to help women leaders expand their enterprises by bringing in attractive financial assistance. Since the needs of women-led businesses are slightly different from others, the type of financing help also is unique. Business loan for women has emerged as a preferred way for women to grow and nurture their businesses, be it in manufacturing or service line.Read More →