Finvin Financial Planners

12/05/2023

Worth reading

There are no easy steps in regulating the space. It will need to be a mix of regulatory outreach to regulated entities and investors going beyond fear and greed

17/03/2023

Thanks Mandeep for having me in your popular Channel - Labor Law Advisor.
I have explained and exposed the Financial sector through my experience in the last 35 years. Thanks dear Pattu for introducing me to Mandeep.
Word of caution - it is a 90 minutes video.

👉 Download Cred: https://app.cred.club/spQx/sfo4hmy3 👉 CRED Jagruk Talks S2 Playlist: https://www.youtube.com/playlist?list=PL9DpKzAHkdgrBlbX_4c23_BMaCcotV...

15/11/2022

Retired life can be golden years in your life if you plan for it carefully. Do not miss to enjoy the sunset years in your life

How are you planning to spend your 10am-5pm time which otherwise, you were spending in office/ workplace? Do you have a hobby which can be converted to a business idea and ensure some cash flow/ make you active post retirement? Do you have trusted friends whom you can fall back on always and can spe...

25/09/2022

I got reading on the Chinese bamboo and learned that the tree takes 5 years, 3 months to grow to its whole height of 80 feet. Yet, for the first 5 years, you can only see a tiny green shoot, but in the next 90 days, it grows into a full-fledged tree.

Last week, I was reviewing the financial plan of an existing NRI client. As per the last year data, he was holding around 60 Lakhs in Fixed deposit in NRE account. I saw the amount is FD is just 10 Lakhs now. I asked him what happened. I was shocked to hear that he lost …

05/07/2022

Regulator fixing premium target for Life Insurance Companies to increase insurance pe*******on in the country!

Already insurance employees are under tremendous pressure and cases of mis selling are reported.
Banks are hard selling policies even to senior citizens when their Fixed deposits are maturing!

Fixing target only on premium is not going to increase the pe*******on.

If the regulator is having the right intention, it should create awareness on Term Insurance.
If all earning members in the country are having at least minimum term insurance coverage, it can help the common man.
Such a move from regulator can create good will in the market and there will be acceptance for the concept of Insurance.

Such schemes can be rolled out jointly between the Central & State governments. All insurance companies can play a crucial role in this.

Fixing target only on premium, and relaxing norms for the new players/ raising capital can impact the credibility of the industry.
Regulator should study and stop the unfair practices on commission and other pay-outs, reduce the huge management expenses and try to improve the products for the benefit of policy holders.

Nobody is willing to purchase the present form of policies because of the poor return to the policy holders/ lack of flexibility.
If the products are improved, agents can sell them easily.

IRDAI sets stiff annual premium targets for life insurers for next 5 yrs, eyes 6.18% pe*******on by 2027 by AIP Online Bureau | Jun 30, 2022 | Indian News, Life, Regulation, Technology | 6 comments To grow faster, the insurers need capital and IRDAI is planning to enlarge the basket of instruments t...

16/06/2022

If you maintain a well-diversified portfolio with both equity & debt as per your risk profile, risk taking ability and duration to the financial goals, there is no reason to worry about the market crash. You can continue with your monthly investments without any worries.

As you are aware, the Indian equity market is down by more than 17% from its 52weeks high. For the last few days, we are seeing correction in market almost daily. Global markets are also correcting heavily. There are many reasons for this correction. High inflation, increasing interest rate, war bet...

06/06/2022

The golden lesson is volatile market is the ideal time to reap more gains for SIP investors. Don’t stop the SIPs when you see markets are crashing. If you can afford, start more SIPs in situations like this. This is because, you will be the winner, when the markets bounce back.

I am getting many calls asking whether they can stop their SIPs because of the recent 10% crash in the market. I thought of answering this by giving the live example of a major crash in 2008 and the subsequent recovery in the market. Before going into the actual case study, let us understand what .....

01/04/2022

First day of the financial year is the right time to take stock of your financial situation and ensure that you are sharing the details with your family. I have done this today morning. What about you?

In this article, I am not going to talk about what should be done and what should not be? I am sure, whatever you have done must be in the best interest of you and your family. But have you ever thought, if you are not around or even if you are around, would your …

21/02/2022

In the past 10-plus months since April 1, 2021, in FY 2021-22, as many as 50 companies mopped up a record Rs 1,11,156 crore; state-owned Life Insurance Corporation too expects to mobilise over Rs 50,000 crore through an IPO this year itself.

16/02/2022

Do not stop your equity mutual funds SIP. Infact, this may be the opportunity which most of the investors wait. Volatile markets are always good for the investors if you are investing for long terms (long term means 15-20 years). Normally, in these type of markets, the investors ask 3 types of quest...

09/02/2022

In this FAQ aimed at beginners, we discuss the role of inflation in personal finance. This is written for laymen by a layman. An academically precise

30/01/2022

How many of you have shared the details of your health insurance policy with your family members?
Last week, I got a call from my client’s wife. Her husband was hospitalized due to a massive heart attack and he was unconscious.
When the hospital people asked about health insurance, she was not having any clue about it.
She somehow managed to get my number from his mobile and called me.
Luckily, he had shared the policy details with me few months back to ask about increasing the coverage.
He was having 30 Lakhs coverage. I could give the details to her and they got cashless treatment approved.
He is fine now.
Why not share such details with our spouse/ grown up children?
Of late insurance companies are issuing only soft copy of policy & health card.
Why not take a print out and share it with family?
Please read the article regarding this. Do it in the interest of your family.

In this article, I am not going to talk about what should be done and what should not be? I am sure, whatever you have done must be in the best interest of you and your family. But have you ever thought, if you are not around or even if you are around, would your …