Latest Posts

Insurance data – an eye opener

insurance claim form

When we say Insurance, what comes first in your mind? answer would be, LIC.

And if I further probe, what LIC means? answer would be, money back plan or some investment plan.

I was reading an article today in Mint, “Life insurance policies continue to die early”, prompted me to write this blog. As per the article, which is based on data analysis from IRDA (persistency ratios), it states that 2nd year renewal on Insurance policy stands below 80%, and 6th year renewal stands below 50%. Which means, every 2nd customer, is not renewing insurance policy after the 5th year. Why?

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April 18, 2017 Life insurance, , , , 0 Read more >

Do It Yourself (DIY) accounts – a success or a myth?

Do it Yourself

Do it yourself (DIY) is the method of building, modifying, or repairing things, without the direct aid of experts or professionals. (as per Wikipedia)

Well, it’s the latest buzzword in town, where everyone wants to use services on their own. And as a matter of fact, service providers are offering accounts & services, with DIY embedded in that.

But how far is this true or successful?

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April 13, 2017 Financial Planning, , , , 0 Read more >

My Dream & What I Do

dreams

Well, it’s not my story, but “OUR” story, as I am no different than any one of you, with regards to how we all think or “DREAM” & how we act.

In this blog, I want to highlight interesting insights, on what most of us dream about, when we save our hard-earned money, and finally what we end up doing or our decisions on same. We conducted a small survey and asked basic questions on savings & purpose.

On Savings, it’s interesting, as well as surprising to know that, young one’s (below 30) are thinking on higher savings compared to seniors. Wow!

And, in terms of Purpose, brands which play important role in our daily life, comes later, compared to future savings like retirement & kid’s education. Excellent!

We score 100 out of 100, on our Dreams.

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March 31, 2017 Financial Planning, , , , , 0 Read more >

Credit Card – do I have the freedom?

Credit Card

I still remember the day, final month of my post-graduation, and we have these credit card chaps standing outside the gate. As would be, I went ahead & applied for the card 😉

My job is three months away, and here I have this plastic card, which gives me the freedom & cash, and within no time, I used up 50% of my limit, without any income in hand. All in the premise that first series of pay, I will knock off the outstanding.

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March 24, 2017 Budget, , , 0 Read more >

Financial Planning Report – too complicated!

report

We are living in a world where “complicated” sounds great than “simplicity”. As “complicated” contains big data, fancy graphs, unheard terms & jargons, multiple pages and finally a confused look on our face. What do I do now? On the other hand, when we have “simplicity”, usual remark… I can do it myself. 😉

I am referring to a customer’s “Financial Planning Report” or a “Wealth Management Report”.

Whether you have seen one or someone trying to show you one (sell)… believe me, it’s like reading a multi-page research report and finally you asking this question again, what do I do now?

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March 17, 2017 Financial Planning, , , 0 Read more >

Women’s day – Let’s Stop “Girls Can’t Do” Stories

happy-international-womens-day

International Women’s Day (IWD), originally called International Working Women’s Day, is celebrated on March 8 every year. In different region’s the focus of the celebrations ranges from general celebration of respect, appreciation and love towards women for their economic, political and social achievements. (as per Wikipedia)

Benetton, known for its wacky campaigns, has come out with a thought provoking campaign again, why ask or cry for equality with men, just go and grab it yourself lady. Similar stories are now emerging on age old fairy tales, where princess is waiting for a prince for upliftment or change, and our little girl is asking, why she has to wait? & why she cannot do it on its own?

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March 7, 2017 Financial Planning, , , , 0 Read more >

Client Priorities – Client First

Customer priorities

In a recent study by Investor’s Research Inc., clients were asked what their priorities were with their financial advisor***. Here were their top six priorities:

1. Understand my situation
2. Educate me
3. Respect my assets (no matter how small)
4. Solve my problem – don’t sell me product
5. Monitor my progress
6. Keep in touch

*** From the book, Story selling for financial advisors, by Scott West & Mitch Anthony

Very simple & heartfelt.
I guess, most of us fall in the same line.

It’s no surprise and a great honour for us at www.moneyfrog.in today. Why?
As we have designed & built our platform, process & advisory based on above philosophy.

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February 15, 2017 Financial Planning, , , , , , , 0 Read more >

Why a term insurance policy is the best life cover option?

Life Insurance

Gautam, a 28-year-old IT professional, has got married recently. His parents are financially dependent on him. He saves Rs.15,000 each month. He thinks his insurance requirement would be Rs. 50 lakh. For the term insurance plan that his relationship manager is recommending, his annual premium will be Rs. 10,000, payable over 30 years.

He thinks a term insurance is a bad choice because he will not get any ‘returns’ on it. It seems unprofitable to him, as he is unlikely to get back the amount he pays as premium. Is term insurance really a waste of money? Should Gautam consider an insurance cover which provides a good ‘return’ at the end of the tenure instead?

First, Gautam needs to be educated about the concept of insurance and the purpose of buying it. The only way to do that is for him to imagine how his family would fare, if he were to pass away tomorrow. Wouldn’t it make things difficult for his wife and parents?

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February 13, 2017 Life insurance, , 0 Read more >

Ask what else (ELSS) – for tax savings schemes (80CC)

AskWhatELSS

One can look at “else” or “ELSS”, for various tax saving schemes.

Where ELSS stands for “Equity Linked Savings Scheme”. These are Mutual fund schemes, which qualifies towards 80CC tax saving investment and offers one of the best returns & liquidity in the market, compared to any other schemes available.

Whichever way one wants to look at, i.e. First, “what else” or options one has on tax saving schemes? and Second, “what ELSS”, or how good they are?

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February 8, 2017 Tax, , , , , 0 Read more >

How freelancers can save taxes? or Freelancers’ Guide to save taxes

Tax saving guide freelancer

It’s tax season, and as the salaried hurry to meet the deadlines to submit proof of investments and claim benefits, for freelancers, the scenario is quite different.

Unlike salaried individuals, they don’t have employers to lay down rules and roll out facilities for them.

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February 3, 2017 Tax, , , 0 Read more >