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સામાન્ય માણસની છેલ્લી આશા - ભગવાન
A very beautiful story I came across. Worth reading... રસ્તા...
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LIC Cancer Cover Plan
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Should you invest in Direct Mutual Funds?
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Lose Weight to Save More
Yes you read it correct. There is nothing available online...
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Everyone's problem, "We cant save." Learn how to save.
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Should one invest in Equities or Mutual Funds?
Hello readers, One question which most of my clients ask...
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Did he die or did he kill his family?
In the month of April I got a phone call...
Financial Planning is the process of developing strategies to help people achieve their life goals by managing their financial affairs. It often covers Cash Flow Management, Retirement Planning, Insurance and Tax Management. 
Insurance planning is to protect yourself, your family and loved ones, your home, your assets, or your business against unexpected events. The idea behind insurance is to get a group to contribute financially to a fund specifically designed to help individuals recover in the case of an unexpected loss. In this way, insurance eases financial burdens that can occur when disaster strikes. 
Investment planning is the process of matching your financial goals and objectives with your financial resources. Investment planning is a core component of financial planning. 
Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program and managing assets. 
Investment is the current commitment of money for a period of time in order to design future payments that will compensate the investor for
1. The time for which the funds are committed
2. Expected rate of inflation
3. Risk 
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. These investors may be retail or institutional in nature.
Mutual funds have advantages compared to direct investing in individual securities. The primary advantages of mutual funds are that they provide economies of scale, a higher level of diversification, they provide liquidity, and they are managed by professional investors. 
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.