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In today’s competitive world, there are plenty of saving and investment choices that decide your future financial wellbeing as well as that of your loved ones.
Nowadays there are several options available to help you save for future such as ULIPs and government-sponsored savings schemes (e.g. EPF, NPS.) Take NPS, for example. To create an NPS login online, you can go to NSDL’s website and register yourself. When it comes to ULIPs, however, there is more to the story than just capital appreciation – you can also protect your family against life’s uncertainties with an in-build insurance cover.
ULIPs, also known as Unit Linked Insurance Plans,is a viable investment option that has become popular over the years due to its mutual benefit of insurance coverage and investment benefit through market-linked returns. Additionally, you also become eligible for tax exemption u/s 80C and 10D of the Income Tax Act when you invest in a ULIP plan. Moreover, ULIPs have a mandatory lock-in period of 5 years. Therefore, by investing in a ULIP plan in India, you can build a long-term corpus.
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How do ULIP Plans work?
When you decide to invest in a ULIP plan, your payable premium will be split two ways – insurance and investment in market-linked assets. One part will be used to fund your life insurance cover that will protect your family against financial turmoil in case of untimely death. At the same time, the remaining portion of your premium is invested in an asset fund of your choice. It can be debt-based, equity-based, or a balance of both. As a ULIP plan investor, you can choose the composition of these funds as per your risk-taking ability. You can also switch between funds midway if the fund fails to perform well in the market.
Here are some of the most common types of ULIP plans:
1. Savings Plan
ULIP is a high starting point for a first-time investor to invest in a market-linked product. With the help of this plan, you can create a corpus of funds over a period that can be used for a wide range of purposes. Thanks to its mandatory lock-in period of 5 years, you not only inculcate a habit of saving but also allow your savings to grow organically through the power of compounding. What you get at the time of maturity is a handsome amount that can be used to fulfil your future goals, such as buying a house or a car.
2. Child Plans
As a parent, the most important financial goal for you is to save for your child’s future. Saving for life goals is something that needs to be done with care and planning. When the question is your child’s future, then there is no such thing as too soon. You can start investing within 60-90 days of their birth so that you can accumulate a large sum of wealth by the time your child comes of age.
The best financial instrument to invest in your child’s future is a ULIP plan. These plans make sure that your child’s future goals are secure, even if you are no longer around. In case of your unfortunate passing, your child will receive a lumpsum amount along with monthly income benefits to help them stay focused on their career path, without worrying about finances. The most significant advantage of ULIP-based child plans is a waiver of premium rider. In the event of your untimely death, all the future premiums will be funded by the insurance company, thereby keeping your child secure.
3. Retirement Plans
You work all your life to make your future secure, first as a student and then as a professional. You never give your young self a carefree moment. However, by investing in the right ULIP plan in India, you can ensure that your retirement is tension free.
Apart from working hard towards a secure future life, it would help if you also worked smart. Support your goals with proper financial planning to remain independent even after retirement.
Post-retirement, your income will stop but your bills will not. They have the potential to increase because of your healthcare expenses. This is why you must build a pension fund with the help of a ULIP plan that will give you a combined benefit of life insurance as well as mutual funds investment.
Benefits of ULIP
ULIPs are called market-linked insurance products because they help you plan long term savings and protection. Here are the top features of ULIPs that make it a worthy investment for the long run:
(A) Flexible investment options
ULIPs offer a wide range of investment options based on your risk tolerance. You can choose the appropriate funds as per your preference. The policy also allows you to switch between funds without any additional charge. Additionally, you are also free to choose the sum assured or the premium based on your requirements.
(B) Transparency of funds
The ULIP plan charges along with investment value, tenure, and expected rate of return is shared before you buy the policy. At the same time, annual and quarterly statement of your investment portfolio along with daily Net Asset Value reporting will ensure that you are always aware of its status.
(C) Availability of liquid funds
During emergencies, ULIP plan allows you to make a partial withdrawal if you want funds before the maturity period of 5-years.
(D) Healthy saving habit
By staying invested in ULIP, you develop a habit of saving, which goes a long way in helping you build a corpus for your future requirements.
(E) Tax benefits
Avail tax benefits u/s 80C on the premium paid towards ULIP.
(F) Risk spread
A fund manager is allocated to your ULIP plan, which keeps track of your investments and maintains the risk.
Investment options such as NPS, EPF, and ULIPs are structured in such a way that they help you earn guaranteed returns if you do it the right direction. Just be sure to research and read extensively about the investment option before committing to it for the long term.
(Disclaimer: The article is sponsored, and hence promotes some commercial links.)
What Is Bullying?
Bullying is a pattern of recurrent aggressive behavior in which one person (or a group of individuals) in a position of authority intentionally intimidate or abuse another individual to cause bodily or emotional harm to that other. Bullying may take place in either a physical or verbal manner. Bullied individuals, as well as those who bully others, may have long-term repercussions.
Bullying may occur anywhere, at any time, in person or online (cyberbullying), and can take many forms, including verbal, physical, and social. Bullies utilize their position of power — such as physical strength, knowledge of something embarrassing, or popularity — to exert control over or damage other people. Many people assume that bullying occurs solely during childhood; nevertheless, bullying does not necessarily stop after a person reaches the age of adulthood.
Bullies in adulthood can take the form of a threatening boss or colleague, a controlling partner, a relative, or any other type of person. Even in our personal and professional lives, we sometimes encounter adult bullies who can be harmful to our mental well-being.
Bullied individuals, as well as those who bully others, may have long-term repercussions. | Photo by Unsplash
How To Deal With An Adult Bully?
For obvious reasons, adult bullying can be a painful and challenging experience for anybody who finds themselves on the receiving end of such behavior. Knowing how to deal with the antics of a bully properly, on the other hand, may help you learn, develop, and feel better levels of confidence. When you find yourself in this scenario, one of the most crucial things to remember is that you must not exhibit the bully any signs of fear. This might be difficult, depending on the sort of bully you are dealing with, but bullies enjoy fear, encouraging them to continue with their terrible conduct.
Maintaining a sense of connection with other people while dealing with bullying is quite essential. Bullies usually see alone persons as easier targets since they have a smaller support network to challenge them.
Courage and a support network are significant advantages; but, reporting the bully is also an excellent line of action. Contrary to common opinion, just ignoring a bully does not always prompt them to cease their behavior. Adult bullies of all kinds often interpret being ignored as a sign of weakness, encouraging them to continue bullying. If someone is bullying you, don't be scared to speak out and report the individual.
No one can make you feel inferior without your consent ~Eleanor Roosevelt
Keywords: mental health, bullying, bully, bullied, courage, abuse, harass, support, cyberbully
Silver and gold have always been preferred when it comes to wearing jewellery. Right from the times of monarchy in India, wealth and riches have been associated with wearing gold and silver for the various properties they have. Copper is a metal that has always been worn by the poor. It is not a metal that carries a significant association with health or wealth, but wearing at least one article of copper is extremely beneficial for health.
Copper is a reddish-brown metal that cannot be worn on its own. It has to be worn in the form of an alloy to prevent a reaction. Copper oxidizes in air and forms a green layer on it when exposed, much like the Statue of Liberty. Usually, bangles, chains, or rings of copper always have brass and traces of silver in them which helps with stabilizing its reactivity.
Wearing copper with stones in it looks very aesthetic, but copper is not durable enough to hold the stones, which is why it is fashioned into elaborate designs and sold. Copper is very malleable, and over time, the bangle or ring will take the shape of the wearer's hand or finger.
A copper ring Image source: Wikimedia commons
Jewellery made out of copper can be an excellent health indicator. Copper helps metabolize bodily functions faster, and the wearer experiences relief from indigestion. It also soothes joint pain, headaches, and arthritis. Using copper utensils also aids those with deficiencies. Since copper is absorbed slowly into the body, there is no fear of causing any kind of imbalance.
Sometimes copper leaves a greenish tinge on the skin. This happens when it oxidizes with sweat. This stain can be washed away with soap and water, but the fact that it appears is noteworthy. It is an indicator of too much acidity in the body. Greenish skin appears when the wearer's diet includes too much meat or acidic foods.
Copper might not be a very attractive metal, but wearing it has a lot of benefits for the health. It regulates metabolism, assimilation, and indicates health. It is definitely a good idea to wear copper jewellery at least once in a while.
Keywords: Copper jewellery, Copper is a health indicator, Metabolism, Oxidation, Benefits of copper
By Md Waquar Haider
When popular smartphone brands like Xiaomi and realme entered the laptop market in India last year, they were expected to shake the existing giants, specifically under the Rs 50,000 category. However, chip shortage and supply crunch have somewhat dented their plans to make a significant mark to date. According to industry experts, the issue with smartphone makers entering the laptop category is two-fold. The first one is a massive supply crunch in the laptop component market and only big brands are able to get volume and supplies.
The other factor is that the traditional players are very strong in the consumer laptop market. Top 3 players control more than 70 per cent of the market and strong portfolio, distribution, and channel reach as well as brand marketing has helped them massively. "New brands can surely make a dent in the consumer laptop market but are challenged by supply issues right now. Watch out for them in 2022 as and when supply situation eases up," Navkendar Singh, Research Director, Client Devices & IPDS, IDC India told IANS.
Dominated by HP Inc, Lenovo and Dell, the traditional PC market (inclusive of desktops, notebooks, and workstations) in India continued to be robust as the shipments grew by 50.5 per cent year-over-year (YoY) in the second quarter (Q2), according to IDC. Notebook PCs continue to hold more than three-fourth share in the overall category and grew 49.9 per cent YoY in 2Q21, reporting a fourth consecutive quarter with over 2 million units. Desktops also indicated a recovery as shipments grew 52.3 per cent YoY after recording the lowest shipments of the decade in 2Q20.
According to Prabhu Ram, Head, Industry Intelligence Group, CMR, driven by the pandemic and the associated accelerated pivot to remote work, learn and unwind culture, PCs have been witnessing heightened demand. "Despite the current supply chain constraints, PCs are here to stay in the new never normal. In the run-up to the festive season, established PC market leaders will continue to leverage their brand salience and gain market share," Ram told IANS.
According to industry experts, the issue with smartphone makers entering the laptop category is two-fold. | Photo by Manuel on Unsplash
"On the other hand, there is a niche market for those new market entrants that are able to differentiate themselves from the competition in terms of features and value. "Alongside, they would need to back it with strong brand messaging to create awareness and recall amongst the target consumers," Ram added.
HP maintained its lead in the India PC market with a 33.6 per cent share as its shipments grew 54.2 per cent annually. Dell Technologies continued to hold the second position with a 22.1 per cent share and an impressive 86.1 per cent YoY growth in 2Q21. Lenovo maintained the third position with a share of 17.8 per cent in 2Q21.
Arvind Suraj, Research Fellow, Jawaharlal Nehru University (JNU), said that there is always a trust issue with new brands. "You won't buy a laptop in 6 or 7 months just like smartphones. In this case, we often go for existing players. Brands like Lenovo, HP, ASUS and Acer have already gained our trust," he said. (IANS/ MBI)
Keywords: Chip, shortage, laptop, market, India, Xiaomi, hp, dell, brands