Financial Planning

Type of NRI Bank Accounts – NRO Part 1

Non-Resident Ordinary Rupee Account, NRO account for NRI, NRO FD, NRO fixed Deposit, NRO-Term Deposit Account, NRO-Term Deposit Accounts or scheme, NRO-Term Deposit scheme, Permissible Credits and Debits in NRO Account, Permissible Credits in NRO Account, Permissible Debits in NRO Account, Remittances from NRO account, TDS on NRO Accounts

This is Part 1 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRO Account for NRI. This is the most basic account required by NRIs to manage their home affairs. Yes, the existing Indian savings & future earning should come to NRORead More

Understanding WILL – Common FAQs

by Madhupam Krishna

do i need will, how to write a will, legal will legal will, who can make a will, Why to make will, will examples, will format, will making, Will Myths & Facts, will or nomination, will template, will vs nomination, will writing

This is part 2 of the article on Understanding WILL. In the previous article, we discussed the legal terms & their meaning. In this article let’s take the discussion further. We will answer the common question arising before & during the will-making process. Here are the FAQs on Understanding Will Making Process Who can writeRead More

Understanding WILL – Know the Legal Terms

by Madhupam Krishna

do i need will, how to write a will, legal will, who can make a will, Why to make will, will, will examples, will format, will making, Will Myths & Facts, will or nomination, will template, will vs nomination, will writing

WILL is the ultimate document that decides on the disposition of one’s assets after his or her demise. Disposition means to transfer, distribute or sell. Will can be made online & offline. But before you proceed, you should know the legal terms in will making process. Understanding Will making process helps you to redistribute yourRead More

Life Insurance for NRI & FAQs on Insurance

by Madhupam Krishna

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There are many questions on Life Insurance for NRI. I have tried to answer them in this post. NRI Life Insurance is a risk transfer strategy and is a must for any “life” which has economic value. But residency issues make it tough to act & decide. Here are relevant facts on Life Insurance forRead More

Term Insurance for NRI

by Madhupam Krishna

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Term Insurance for NRIs is a way to secure your future financially. It is regular insurance allowed to cover a large sum assured. Both resident and non-resident are allowed to invest in Term Plans. Here is how- Term Insurance for NRI can be bought & used to ensure the future. This article is part ofRead More

Health Insurance for NRI – Complete Details

by Madhupam Krishna

Claim Procedure for NRI Health Insurance, health insurance for NRI, Mediclaim for NRI, mediclaim policy for nris, Should One Buy Health Insurance for NRI In India or NOT, Tax benefit of Health Insurance Policy for NRI

Health Insurance for NRI in India or Abroad is a crucial decision. Health Insurance is very vital as we have experienced the importance during COVID times. Here are the important considerations and factors to consider when an NRI invests in Health Insurance. The key questions are: Can NRI buy Health Insurance or Mediclaim policy inRead More