A successful career is a stepping stone to a comfortable retirement after you turn 60. However, with a smart savings habit, you can build a corpus and actually retire by 40. This entails developing financial independence by 40 to live the rest of your life without worrying about income and expenses. Wondering how? Keep scrolling for a detailed guide!

When it comes to ULIPs vs Mutual Funds, individuals get stuck in the noise. Both look attractive, both promise growth, but you need to choose on the basis of your risk-taking ability, your future goals, and your family’s financial health. This guide cuts through the clutter and explains the real difference between ULIP and mutual fund to help you make a confident decision.

PMPM is a measure that makes it easier for insurance companies and policyholders to understand the evolution of healthcare expenses. This measure refers to the Per Member Per Month or PMPM cost in health insurance. It helps determine the average monthly healthcare cost for a single person in a covered group.

Buying term insurance in your 20s is one of the most valuable long-term financial goals. Many young adults delay taking this step due to low awareness. But making financial protection at an early age is simple and affordable. Two great reasons to buy a term plan earlier are lower health risks and lower premiums. These benefits help you manage financial stress during unexpected life events.

As you turn 30, your responsibilities towards your family increase. You are paying off either a home loan, Car EMIs, or medical bills of your dependents. Purchasing term insurance in your 30s makes sense to build a strong financial safety net for your family. In your 30s, not only is term insurance affordable, but it also keeps them protected in your absence.