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Unlock Your Dreams: Financial Scheme for NRI Families | Protective Insurance - 1

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   “They should create financial security so that their family members can carry the current standard of living. Only proper insurance plans can provide them with such financial security.” In our country, 1.8 crore Indians go abroad in search of job opportunities for their livelihood. Through them, our country gets a huge foreign exchange. From high positions in corporate companies to unorganized workers, many categories work abroad. Indians work in countries in all continents of the world except Antarctica. They are called Non-Resident Indians (NRIs). Financial security of the family..! The reason why they go abroad to work is to get higher salaries than in our country. There are many of them who live abroad due to work, separated from their families. Although a few of them get life insurance benefits in the countries where they work, the reality is that most of them do not get any benefits. Therefore, ensuring the financial security of their families is very important. If th...

Maximize Your Profits: What Should the Return on Investment.? Financial Management -7

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  Generally, the investment we make should be able to provide returns that exceed inflation. The average inflation rate in India has been around 6%-7% per year in the past. Inflation may be a little higher for some types of expenses. Especially medical and lifestyle expenses are increasing at the rate of 8%-10% per year. There is no tax exemption on the income earned from savings accounts. If a person's annual income is more than Rs. 12,00,000 and he earns 3% income from his savings account, then 0.9% of it will go towards income tax. He will get only 2.1% as net income. If the annual inflation rate is 7%, he will lose minus 4.9% of his income. Due to this, we recommend not keeping too much money in savings accounts. Investment plans..! Investment plans are plans that provide higher returns than savings. Investment plans are generally of two types. In the first type, there is no risk to capital. For example, bank deposit schemes, debt securities of leading companies, post office sa...