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Buying the correct insurance policy is a tricky, especially when you are not familiar with the basics. It is crucial to know the basic types of insurance policies available in the market and the covers that they provide. Most of the companies provide an insurance policy with the job that they offer to the employees. However, is this insurance policy enough for you, or should you purchase an additional insurance policy for yourself? Here, we shall answer this question for you. Is it Enough? Most of the insurance policies that the company provide for example the worker’s compensation policy are designed to protect the company’s assets. These insurance policies are directed towards protecting the company from lawsuits while providing a meagre salary for the employee. So, most of the times this insurance policy is not enough for a person and he/she needs to invest in additional policies. What Other Policies Do You Require? There are several insurance policies that you can purchase t

With only a few days left to go for the New Year, it is a good time to start putting things into perspective. Now is the time to cut down on things that you do not need and focus on the ones that you do. Here are a few tips that will help you save money next year. Build an Emergency Fund A general thumb rule for savings says that you need to have at least 3 – 6 months’ worth of your current salary as savings saved away in a bank account. Having an emergency fund with this amount will give you the financial freedom to change jobs or deal with a crisis without depending on anyone else. So, before you follow any of the other tips make sure you fulfil this one. Collate Bills It is a great idea to start collating bills. Do not consider the expense of each item separately. This kind of practice makes it difficult to keep track of the budget. Instead, collate bills into 4 major domains. Namely rent, food, accommodation, and leisure activities. Collating bills also helps you remove the unne