THE CASE: I recently applied for online term insurance from India with international coverage for 40 years term. Now, the insurance company is asking to undergo medical tests in UAE which is quite costly here and this screening medical is not covered through my current health insurance. Any suggestions? Should I go for this insurance? […]
THE CASE: I am an NRI aged 40 having Rs. 50 lakhs lying in a private bank fixed deposit. I would like to invest it for 20 years. By then I shall return to India for retirement. How much amount I would be able to accumulate if I invest in mutual funds? THE SOLUTION: […]
THE CASE: We are in USA. My husband’s family is convincing him to make investments in India. For example, my hub mother asks him to do LIC educational plan. I am not on same page on that because we don’t know what’s going to happen in 20 years. I tell my hub to contribute […]
A risk profile is an evaluation of an individual’s willingness and ability to take risks. It helps during financial planning process to assess whether there is need to take risks or not. A risk profile is important for determining a proper investment asset allocation for a portfolio. Risk profiles are generally assessed in 5 categories […]
The financial services industry is a rapidly changing professional environment. As the needs and desires of consumers change, firms engaged in managing money are also evolving. A registered investment advisor (RIA) manages the assets of individuals and institutional investors. He or she must be registered with the regulator in the jurisdiction where one is practising. In India, […]