by Vidya Kumar | May 30, 2016 | insurance, Smitha Hari
A Term Insurance plan is the best form of life insurance compared to endowment plans or ULIPs, as you can get a high cover for a low price. This is because the entire premium you pay goes towards covering the risk and there is no investment component. Buying...
by Vidya Kumar | May 12, 2016 | Smitha Hari
Have a balance between Confirmation Bias & Hindsight Bias Download PDF Imagine that you have a Systematic Investment Plan (SIP) amounting to Rs. 5000 worth of investment every month in a large cap diversified equity mutual fund. You plan to accumulate a...
by Vidya Kumar | May 6, 2016 | Financial Literacy, Money, Smitha Hari
Now let’s talk about Overconfidence. In simple words, overconfidence refers to the quality of having more confidence than you should, and as a result, you misjudge your ability or knowledge about a specific case. In life, this can often land you in trouble,...
by Vidya Kumar | Apr 28, 2016 | Health Insurance, Smitha Hari
Executive Summary – Cancer is a dreaded disease. It causes mental, physical and financial stress. We have compared 4 policies that provide insurance for cancer patients – HDFC Life Cancer Care, ICICI Cancer Care Plus, CPAA Cancer Insurance Policy and ICS...
by Vidya Kumar | Dec 22, 2015 | Smitha Hari
Executive Summary: Following the actions of a larger group without applying the mind is known as Herd Mentality. Although this can happen in any setting, Herd Mentality has increasingly been witnessed when people make financial decisions relating to investments. Herd...
by Vidya Kumar | Dec 8, 2015 | Financial Literacy, Smitha Hari
Executive Summary: Mental Accounting is a concept wherein one separates money based on their source or use or separates their assets into safety buckets and risky buckets. Also known as two pocket theory, this concept relates to dealing with money differently which is...
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