Today is International Women’s Day. To all of you….Happy Women’s Day. Today, you and women all over the World are honored and your contribution recognized in the field of defence, finance, software, industry, politics, education, sports and a lot of other fields. This is what Brigham Young has to say about Women, “You educate a man, you educate a man. You educate a woman, you educate a generation.” No doubt you and women all over the World are great savers. But….Are women great investors?
Many of the great investors are Women….Yet, it’s widely believed women are poor investors. Many families in India do not involve women in the investment decision making process. What does a woman know about money and investments…
This trend is fast changing. Today, women are taking charge of their lives and their money. Women today hire financial advisors, ask money questions and are very good in managing both… family and work. Regularly postponing investing? Today is the day to start. Want to know more on investment planning? Just leave a missed call on IndianMoney.com financial education helpline 02261816111 or just post a request on IndianMoney.com website. IndianMoney.com offers Free, Unbiased and on-call financial advice on Insurance, Mutual Funds, Real Estate, Loans, Bank Accounts and Capital markets.
You badly need a car or a two wheeler? Simply approach the bank and apply for a car or two wheeler loan. Banks give you and other women, car loans and two wheeler loans at a lesser interest rate than male applicants. Want to buy a dream home? Banks give you a cut on the interest charged on home loans. You could get a concession of 0.05% to 0.2% in interest over male candidates.
This is why you must apply for that home loan. You get home loans at concessional rates. Banks perceive you and other women as less risky borrowers compared to men. This means you have a higher chance of getting your home loan sanctioned.
Many banks in India have launched special savings bank accounts for you and other women. These special savings bank accounts give you extra benefits, as compared to regular bank accounts. You get to keep a lower minimum balance.
You could get cash backs on dining, shopping and groceries. Many savings bank accounts give you personal accident insurance. There could be free transaction up to a fixed limit on cash withdrawals at other banks ATM’s.
You and other women receive a major benefit when it comes to life insurance. Women have a higher life expectancy than men. Generally, you and other women are charged a lower premium on life insurance plans than men. Life insurers also design special life insurance schemes for women. Many insurers have special health insurance schemes for women. Special women-specific critical illness health insurance plans and health plans with maternity related cover have been launched by insurers.
Yes, today is International Women’s Day. It’s a day for you to remember. Time to start your investments and move on the path to riches. Be Wise, Get Rich.
The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.
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