Sainath Deshmukh

  Building wealth might seem like a daunting task, especially when life’s expenses seem to come at you from all directions. However, one effective and straightforward way to grow your wealth is through a regular savings plan (RSP). These plans are designed to help you save consistently and invest systematically, making them a powerful tool for achieving financial security If you are new to the idea of saving and investing, here’s an easy-to-understand guide on why regular savings plans are key to building wealth and how they work. What is a Regular Savings Plan? A regular savings plan (RSP) is a financial arrangement where you set aside a fixed amount of money regularly—usually monthly—for savings or investment purposes. The money is often used to purchase investments such as stocks, exchange-traded funds (ETFs), or unit trusts. Think of it as planting seeds in a garden every month. Over time, these seeds grow into a bountiful harvest, thanks to consistent contributions and...

Accidents can happen anytime, often leading to financial strain on individuals and families. Personal accident insurance offers an effective way to protect yourself and your family from the unexpected costs of accidents. In Singapore, this type of insurance is increasingly recognised as an essential safety net, complementing health insurance and providing additional coverage tailored for accidents. This article explains what personal accident insurance covers, its benefits, and how it can safeguard you and your family. Key Benefits of Personal Accident Insurance in Singapore ·          Global Coverage Accidents can occur at home or while travelling. Personal accident insurance provides worldwide coverage, ensuring you are protected wherever you are. This is especially valuable for frequent travellers who may face higher risks of accidents abroad. Most policies also come with a 24/7 emergency helpline to assist with urgent situations, suc...

 Cancer is a word that no one wants to hear, but it is a reality that has become increasingly common around the world. The need for financial protection against cancer's devastating impact has never been greater. Medical advancements mean that survival rates are improving, but the associated costs of treatment can be overwhelming. This is where cancer insurance plays a critical role. If you have been considering cancer insurance but do not know where to start, this article will explain why it is important and how it works.   Why is Cancer Insurance Becoming More Important?   Cancer is on the rise globally, and Singapore is no exception. Several factors contribute to this trend:   ·          Ageing Population : With age being a significant risk factor for cancer, the likelihood of developing the disease increases as the population grows older.   ·          Lifestyle ...

  Life insurance plays a very important role in financial planning. It helps you and your loved ones safeguard their financial future. In Singapore, two popular types of life insurance policies are whole life insurance and term insurance. Both offer distinct benefits and knowing the difference between the two is key to choosing the right plan for your needs. What is Whole Life Insurance? Whole life insurance offers lifelong coverage, ensuring that your loved ones receive a payout whenever you pass away. This policy also includes an option to enhance your coverage to keep up with your changing circumstances.  Having this flexibility makes sure that your plan remains relevant through different phases of your life. What is Term Insurance? Term insurance provides coverage for a determined period, such as 10, 20, or 30 years. If you pass away during this term, the insurer pays a lump sum payout to the beneficiaries. The focus of this life insurance plan is solely on provi...

  In today’s digital world, to buy life insurance online has become a convenient and popular choice for many in Singapore. With advancements in technology, individuals can now compare, select, and purchase policies with just a few clicks—all from the comfort of their homes. This article explores the benefits of buying life insurance online, the steps to follow, and what to consider when making this important decision. Why Buy Life Insurance Online? There are several reasons why purchasing life insurance online has gained popularity in Singapore over the years:   1.       Convenience ·          The online process lets you to explore options anytime, anywhere. You no longer need to visit a physical branch or schedule in-person meetings with an agent. ·          Policies can often be purchased within minutes from home, office or at dinner, saving you valuable time. ...