Paying EMIs but no sight of house? Find out how to avoid falling into the trap

THE ECONOMIC TIMES Tue, Apr 14, 2015 | 09:32 AM IST ET Wealth Newsletter 10 health insurance myths assumed to be true Hardly 12% of Indians are covered by insurance, but an increasing number of people have been staying away from purchasing health plans thanks to the false beliefs. We bust a few of them here. Should you consider life insurance when you are past your prime? Insurance as we know it, is a security net that will cover the needs of the family, when there is no income or the breadwinner of the family passes away. Paying EMIs but no sight of house? Find out how to avoid falling into the trap Buyers like Kala, who expected EMIs to replace their monthly rent, are seeing their monthly budget spiral out of control as they are now paying both. How single working women should plan their taxes She could open a PPF account and start making small annual allocations, as it is a fixed income saving instrument, backed by a government guarantee. How to reap big benefits from small saving schemes The interest rates of small saving schemes are linked to the yield of government bonds and revised every year. How the rate cut will affect your home loan Since small savings schemes were offering high interest, they were also forced to offer high rates which pushed up their cost of funds. Quote of the week "Buy insurance for protection, not to save tax" Vighnesh Shahane,CEO, IDBI Federal Family Finances Why the Selarkas' may need more than just high salary to meet all their objectives Ujas is 36 years old and lives in Mumbai with his 35-year-old wife, Alpa, who is a homemaker, and two daughters: eight-year-old Nitya and three-year-old Jashvi. Financial Planning Why investors should be wary of advice given by distributors The garb of expertise that distributors wear leads to mis-selling of financial products. The investor's interests can be protected by ensuring that distributors don't act as advisers. Money-making venture Ashish Agarwal and Aniketh Jain's tech startup Solutions Infini raked in Rs 58 crore in 2014-15 Solutions Infini, the messaging and cloud telephony services co was rated the sixth fastest growing tech co in India by Deloitte in 2014. Entrepreneurs How IT solutions start-up Softdive is diversifying through launch of apps Even as the firm's solutions business has seen impressive growth, the founders' focus on building a product-centric company is very much intact. Financial Calculators Plan your car Car cart! Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. Home Loan Refinance Should you refinance your home loan? Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate. More Calculators Much to cheer in telecom; here's how companies fared in the spectrum auction Post-spectrum auctions, most telecom firms have managed to retain their respective domains, but at a high cost. Revenue and profit growth to remain subdued for India Inc in Q4 Though the numbers will look bad on a y-o-y basis, quarter-on-quarter (q-o-q) performance could bring a little relief. Buy insurance for the protection, not to save tax, says IDBI Federal CEO Vighnesh Shahane While the Union Budget has been a disappointment from the life insurers' perspective, Vighnesh Shahane remains upbeat about the insurance sector's future. 10 decisions that can ruin your career What you decide today can tell on your professional life tomorrow, so think carefully before making a move, says Devashish Chakravarty. Should you buy platinum now that prices are down? Though the outlook for the metal is bullish, with a price rise of 15 to 20% expected this year, it is a good idea to buy platinum in small proportions. More Newsletters ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry. Markets Watch Round up of stock, currency, bond, money and real estate market ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox. Daily Newsletter Special stories that round up the major developments of the day. Follow Us on ET: About us|Advertise with us|Terms of Use|Privacy Policy|Feedback|Sitemap|Code of Ethics © 2015 Times Internet Limited. To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here To unsubscribe or edit your subscriptions please click here