ENSURE COMPLETE PROTECTION
Shield yourself and your loved ones with robust insurance planning
Borrowing money through digital apps
Borrowing money has never been easier thanks to the rise of fintech ecosystem. Digital lending platforms or instant loan apps that allow individuals to borrow money quickly and easily are among the byproducts of the confluence of finance and technology.
Jul 2023 . 3
Should Gen Z need term insurance?
Gen Z have recently entered the workforce. However, in the midst of high spirits and bucket list, they can neglect to plan ahead. While splurging a bit is natural at this age, it is better to chalk out a goal in advance to deal with life exigencies.
May 2023 . 3
Preventing online payment frauds. A checklist for safer digital transactions
Gone are the days when it was necessary to carry cash when you walked out of home. Now, all you need is your mobile phone. Whether you are buying milk, grocery or vegetables, Unified Payments Interface (UPI) payments are accepted almost everywhere.
Apr 2023 . 4
Why health insurance is a must for Gen Z
A fast-paced lifestyle that includes unhealthy diet, prolonged working hours, longer travelling hours, irregular sleep cycle has increased lifestyle related ailments. All this can take a toll on your health and the rising medical costs can strain our finances. Further, the pandemic has made us all realize that a health hazard can strike any time.
Mar 2023 . 4
Why You Should Build an Emergency Fund
It’s been said that “life is what happens to you when you are busy making other plans”. In other words, life is unpredictable. Emergencies can come out of the blue and impose huge financial burdens. The pandemic has shown us that even the best-laid plans can be derailed by a sudden job loss or health crisis.
Dec 2022 . 4
7 Good Financial Habits For Your Future
Good financial habits, especially if developed early on in life, can offer considerable rewards in the future.
Let’s delve into 7 good financial habits you can build from today:
Oct 2022 . 4
Insurance – the Key to your Financial Wellbeing
As you grow older, your responsibilities will grow, and before you know it, you’ll have a family to support. That comes with its own set of financial obligations, from college funds and home loans to cars and vacations. But if the pandemic has taught us anything, it is to expect the unexpected – and insurance is a vital risk management tool to protect you from unforeseen crises. It is a critical part of any financial plan – so let’s find out why insurance is so important for your financial well-being.
Jul 2022 . 5
How to Secure Your Financial Assets With Mutual Funds
Few investments provide assured returns – most carry at least some degree of risk. Sound financial planning is the key to securing a reliable return on your investments.
Today, there are many ways of managing your personal finances. These include investing in stocks, bonds, mutual funds, insurance and tax-saving funds. Proper investment planning involves understanding which plan you should opt for, the ideal amount to invest, and how to secure these investments.
Life insurance is one way of protecting yourself and your family from uncertainty. It comes under the umbrella of saving plans that also include fixed deposits and health insurance, which offer guaranteed returns in the form of interest. However, investment planning is about more than just buying insurance, and the most important area to explore is mutual funds.
May 2023 . 5
5 Ways to Beat Inflation
Inflation is the term given to an increase in prices over time. Inflation can eat into your savings and investments, so it’s important to stay a step ahead of it to optimise your financial planning. Here are five ways you can beat inflation:
Apr 2023 . 4
Resolving complaints through insurance Ombudsmen
Insurance Ombudsman: Everything You Need to Know! An ombudsman acts as a mediator and arrives at a fair recommendation/settlement based on the facts of a dispute.
Mar 2023 . 3
Car/bike insurance: Should you opt for just third party or buy a comprehensive plan?
Here’s why you should opt for a Comprehensive plan instead of a Third Party Insurance.
Jan 2023 . 4
A Guide To Transferring Mutual Fund Units
Know the process by which mutual fund units can be transferred to beneficiaries on the demise of the unit holder.
Nov 2022 . 5
Life Insurance 101 How to Protect Yourself
In 2020, the Life Insurance Corporation of India issued 21.9 million individual
policies, which is just 1.5% out of a population of 1.38 billion people1. Overall
India’s life insurance penetration stood at 3.2% as of 20202. A large number
of Indians still don’t have insurance, and are missing out on a vital source of
protection against emergencies and contingencies.
Sep 2022 . 4
5 Things You Need to Do Before Investing Your Money
So you have decided to begin your financial investment journey - that’s a great start! But how prepared are you for it? Do you know what can help smoothen the road ahead? Before you start investing, here are a few things you need to look into first. After all, investing is simply one component of the entire financial planning process.
Jul 2022 . 4
Why Your Business Needs a Contingency Plan – and How You Can Make One
Running a business takes vision, courage, dedication and more than a little luck. As the pandemic has shown us, there is always a chance that market downturns or external crises could hit your business, no matter how robust your business plan. According to one report, 12,930 companies in India shut down operations in 2020-21 due to the COVID-19 pandemic[1]. This just goes to show how unpredictable the world is, and how quickly things can go wrong. But while you cannot predict the future, you certainly can prepare for such eventualities with the help of a contingency plan. Such planning is the key to the longevity of your business, so it’s important that you get it right.
May 2023 . 6
4 Tips to Secure your Child's Financial Future
Securing your child's financial future is a key priority for every parent, and one of the most critical financial planning goals.
Apr 2023 . 7
Are you fully insured? 8 ways to make sure
It’s not enough to just get any kind of insurance - you need the right kind of insurance to cover all your needs and give you full protection. Having inadequate protection is known as being ‘under-insured’. This can leave you struggling for money in a contingency, because while you get some compensation, it’s not enough to cover the expenses you may face.
Don’t be under-insured – follow these 8 ways to know if your assets are optimally insured:
Mar 2023 . 4
A Financial Guide to Looking After Your Parents as a Single Woman
Single women face many challenges in maintaining their financial security - and it can get even harder when they have to provide financial support to their dependent parents.
Jan 2023 . 5
Five Financial Lessons from the Pandemic
The COVID-19 pandemic has had major financial repercussions on households everywhere. According to one survey*, 82% of participants reported having faced financial issues during the pandemic. 84% said they had cut down on their expenses as a result of the pandemic.
Dec 2022 . 4
Why Is Risk Management An Essential Part Of Investment
Risk means uncertainty, and the possibility of an adverse event. In the investment world, it might be defined as the chance of an investment losing its value. It is important to understand the different types of risks so that you can manage them effectively.
Oct 2022 . 3
7 Effective Tips for Portfolio Diversification
Don’t put all your eggs in one basket, says an old adage. The more options you give yourself, the more you can mitigate the risk of non-achievement by spreading out the risk. Diversification is the process of spreading your investments across different assets, to optimise your chances of strong returns and to mitigate investment risk in your investment portfolio.
But how do you go about diversifying your portfolio? Here are seven ways to do it:
Aug 2022 . 5
6 Financial Planning Tips for Parents-To-Be
Going to be a parent soon? Congratulations! Having a child will be one of the most consequential events of your life – but with that joy and elation comes responsibility. Your approach to financial planning will undergo a major shift as you plan for a new member in the family. Your horizons will expand as you provide for a growing family and strive to give your child a good start.
Here are 6 financial planning tips to guide you as you embark on this journey:
Jul 2022 . 4
4 Employer-Sponsored Plans to Consider
Employer-sponsored plans are intended to encourage individuals/employees to plan for retirement or hedge risks.
May 2023 . 3
Nomination is a must for easy transition
Nomination is an important activity that many of us miss which eventually bothers family members.
Apr 2023 . 4
6 Ways to Optimise Your Asset Allocation
Asset allocation is the most critical decision that you will take in your journey of investment.
Mar 2023 . 4
5 jargons you must know when buying insurance
Having an insurance cover does not suffice. It is equally important to understand what your policy covers and what different terminology used in the policy document mean.
Jan 2023 . 4
4 Types of Insurance You Should Have in Your 40s
Life begins in the 40s, they say! From a financial perspective, however, the real business of life begins right on the day one becomes financially independent. To make sure your 40s and beyond become the best years of your life, it’s best to start holistically planning your finances as early as possible. An integral part of financial planning is to have the right types of insurance plans. Here are the four most important insurance policies that should be in place in your 40s:
Nov 2022 . 3
Should You Save For An Emergency Or Pay Off Debt First?
If there is one thing the pandemic has taught us, it’s the need to save and prepare for emergencies. However, the money you set aside for emergencies could also be used to pay off your existing debts. Which should you prioritise? Paying off your debt or saving up for an emergency?
Sep 2022 . 3
How to Choose an Insurance Policy that is Right for You?
Insurance plays a crucial role in financial planning and is integral to financial security.
Jul 2022 . 3
7 Things Your Retirement Plan Should Do
The average Indian’s life expectancy has increased from 59.6 years in 1990 to 70.8 years in 20191. While that’s good news, it also means that our post-retirement expenses go up the longer we live. A retirement pension plan could help you manage these growing post-retirement expenses. But with hundreds of different plans to choose from, how will you pick the best?
Here are seven things your retirement plan should be able to do:
Here are seven things your retirement plan should be able to do:
May 2023 . 4
Is Term Insurance the Right Choice for You?
If you are looking to buy a life insurance plan, term insurance is perhaps one of the most important policies you need to consider.
Apr 2023 . 8
7 Reasons Why Every Start-Up Needs a Contingency Plan
There is no ‘right’ age to explore your entrepreneurial ambitions. With a great idea and genuine motivation, you can launch a successful new business in your 20s, 40s, 50s or even after retirement. But while India has one of the world’s largest start-up ecosystems, 90% of new ventures fail within 5 years of inception1. One of the most common problems with new start-ups is the failure to prepare for setbacks. A well thought-out contingency plan could come to your aid in such scenarios.
Here are 7 advantages of creating a contingency plan:
Mar 2023 . 4
Reading the fine print before buying insurance
If you've just purchased or are going to purchase an insurance policy for the first time, you may be overwhelmed by the terms and conditions you'll encounter.
Jan 2023 . 3
10 Money Mistakes that Can Hurt Your Retirement Planning
It’s important to inculcate good financial habits to secure your future. It’s equally important to avoid money mistakes, in order to keep yourself on track to achieve your retirement goals. Here are some of the major mistakes to avoid for hassle-free retirement planning:
Nov 2022 . 4
7 Major Expenses to Plan for in your 50s
The average age of retirement in India is 601, so once you enter your 50s, you are less than 10 years away from retirement. The good news is that you’re probably earning more than you did in your 30s or 40s, and you are financially stronger. But there could be obstacles lurking – and some upcoming expenses could derail your retirement plans.
Here are 7 significant expenses that you should prepare for in your 50s:
Sep 2022 . 5
Why You Need An Emergency Fund Before Retirement, and How to Build It
When you’re coming closer to your retirement, there may be several financial concerns in your mind. It’s easy to ignore or forget about an emergency fund in the midst of all this.
Jul 2022 . 4
4 Reasons Why Regular Health Check-Ups are Important
As you cross the age of 60, it becomes increasingly important to prioritise your health and undergo regular medical check-ups. Constant vigilance is important to ensure your health does not deteriorate. Here are four key advantages of regular check-ups:
May 2023 . 3
Getting health insurance at this age. Pros and cons
Is insurance for senior citizens worth it?
Apr 2023 . 5
Difference between term plan and endowment plan / money back
Insurers offer a plethora of products and understanding the nuances and features of each policy/plan can be a daunting task.
Mar 2023 . 4
4 reasons why term insurance claims get rejected
A term insurance protects your family in an unfortunate event. Here are few aspects which you should be mindful of while signing up for a term plan.
Jan 2023 . 3
4 Schemes to Earn Regular Income After Retirement
The post-retirement period is a special phase in most people’s lives. You’ve worked hard, accomplished your major goals, taken care of your responsibilities, and you’re now looking forward to a well-deserved period of relaxation and leisure.
You are also able to enjoy the fruits of your financial planning. The big difference is, you may not have a regular income now. You may dip into your retirement corpus, but inflation, market volatility and unexpected expenses may dent its value. At the same time, rising life expectancy might make that corpus seem a little smaller than you first thought. You might begin to worry about managing your monthly expenses. To stay on top of these expenses and achieve your ambitions in retirement, it would be useful to maintain a regular source of income.
A detailed personal finance plan can help you measure the income you need, and therefore the kind of income sources you should explore: To help you get started, here are four instruments you can rely on to generate a regular income and enjoy your life after retirement:
Nov 2022 . 5
Why Will-Writing Matters, and How to Do It
As you cross the milestone of retirement, you can begin to enjoy the fruits of your financial planning – but the planning doesn’t end here. New responsibilities and tasks emerge as you begin to build your legacy and the future of your family, by drafting a will and pursuing estate planning. This is a continuation of your goal-based financial planning journey, designed to ensure your post-retirement personal finances are secured.
Sep 2022 . 4
5 Ways to Track Your Finances Post-Retirement
Most people want a relaxed life after retirement, which is well-deserved – but it’s important to keep an eye on your financial and investment planning even as you kick back. Since your monthly pay cheque may cease once you retire, a detailed retirement plan can help organise your personal finances for the long run.
You will have to analyse your expenses, plan your income around your goals and systematically allocate money to the activities and projects you want to take up in retirement. While saving money is crucial, getting insured and investing money in the right place are equally important.
Jul 2022 . 4
PGIM India Asset Management Private Limited
(CIN - U74900MH2008FTC187029)
Toll Free Number: 1800 266 7446
Email: care@pgimindia.co.in
This is an Investor Education and Awareness Initiative by PGIM India Mutual Fund.
All the Mutual Fund investors have to go through a one-time KYC (Know Your Customers) process. Investor should deal only with the Registered Mutual Funds (RMF). For more info on KYC, RMF and procedure to lodge/redress any complaints, visit https://www.pgimindiamf.com/ieid.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Read more
All the Mutual Fund investors have to go through a one-time KYC (Know Your Customers) process. Investor should deal only with the Registered Mutual Funds (RMF). For more info on KYC, RMF and procedure to lodge/redress any complaints, visit https://www.pgimindiamf.com/ieid.
MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Read more
The information contained herein is provided by PGIM India Asset Management Private Limited (the AMC)
on the basis of publicly available information, internally developed data and other third-party
sources believed to be reliable. However, the AMC cannot guarantee the accuracy of such information,
assure its completeness, or warrant such information will not be changed. The information contained
herein is current as of the date of issuance* (or such earlier date as referenced herein) and is
subject to change without notice. The AMC has no obligation to update any or all of such
information; nor does the AMC make any express or implied warranties or representations
as to its completeness or accuracy. There can be no assurance that any forecast made
herein will be actually realized. These materials do not take into account individual
investor's objectives, needs or circumstances or the suitability of any securities,
financial instruments or investment strategies described herein for particular investor. Hence,
each investor is advised to consult his or her own professional investment / tax advisor / consultant for advice in this regard.
The information contained herein is provided on the basis of and subject to the explanations, caveats and warnings set out elsewhere herein.
The views of the Fund Manager should not be construed as an advice and investors must make their own investment decisions regarding investment/ disinvestment in securities market and/or suitability of
the fund based on their specific investment objectives and financial positions and using such independent advisors as they believe necessary.
