At Money9, you can trust us to deliver your daily dose of stories which will have a bearing on your money matters.
We have an interesting line-up of stories for you today.
Our ‘Wealth Creators’ series features a popular name today and you would be surprised to see the whopping returns it has delivered to shareholders.
The other stories range from an explainer on multibaggers to how IRDAI’s directives in the past one year have safeguarded consumers.
There is also an interview with Raj Khosla of My Money Mantra, who highlights the points an individual should consider before buying an insurance policy.
Here are the stories:
1. Rs 10,000 in this stock 20 years ago is worth over Rs 14 lakh today
The growth in share price shows that an investment of Rs 10,000 in the company is now worth over Rs 14 lakh.
2. What is multibagger stock and how to spot it?
By definition, multibagger is a company whose share price has appreciated by more than 100% in a given period.
3. How consumers have benefitted from IRDAI’s direction to insurance companies
A lowdown on some of the steps that the regulator has taken over the last year to make health insurance policies simpler amid the COVID-19 pandemic
4. How GST increases your insurance cost
Whether it is a term plan, ULIP, health insurance, travel insurance or auto insurance – 18% GST is levied on the premiums.
According to Khosla, if the complicated products of life insurance seem intimidating, an individual should opt for a basic term insurance
