Khuda Buksh is the name that stands out as the pioneer of the life insurance industry in Bangladesh. Let us find out who Khuda Buksh is and the role he played in popularizing life insurance in the country and the entire region.

The Legacy of Khuda Buksh

Khuda Buksh was an eminent life insurance salesman as well as a humanitarian in the Indian subcontinent. Buksh served as the life and soul of the insurance industry in the region for four decades and made a lasting impact on the three countries that were later formed. He is sometimes even referred to as the “Father of Life Insurance” in Bangladesh. As of today, life insurance has become an essential financial tool for individuals and families across the country, rather than the luxury that it was previously considered.

Educating the Public

The commitment Buksh displayed to raising awareness and educating the masses about the importance of life insurance played a key role in its growing popularity in Bangladesh. It was an uphill battle for Buksh to fight against an Islamic fundamentalist society where religious-minded people believed that the idea that one could reduce risks in life and business through insurance went against the sovereignty of God. Moreover, people had no respect for insurance agents. As a  life insurance manager of Eastern Federal Union Insurance Co., Buksh started educating and spreading the insurance business by recruiting, motivating, and training young people, as well as establishing organizations across the country. Buksh removed the ignorance of insurance by engaging himself with the community, joining various clubs and social organizations, and campaigning for the benefits of insurance to the masses. Gradually, people shed their misconceptions.

Social and Religious Responsibility

Takaful is an Islamic cooperative insurance model that promotes solidarity and mutual support. It is because of Buksh’s pioneering efforts that Takaful is an important part of the Islamic financial system today.

His efforts in the insurance movement paid off. A new class of insurance workers evolved in society offering insurance coverage while ensuring that premiums were used for community welfare and charitable endeavors.

Employment Opportunities and Economic Growth

Buksh strongly believed in giving back to society. He brought popularity to life insurance by emphasizing job creation and economic growth. His untiring effort in the insurance campaign helped lay the foundation of the insurance industry’s contribution to the country’s economic growth.

Khuda Buksh’s Endeavors Will Never Go Unrecognized

The life insurance industry of Bangladesh owes a lot to Buksh. How he managed to change people’s perceptions of life insurance and contributed to their financial planning by using innovation, educational efforts, and a dedication to social responsibility is truly extraordinary.

If you are interested in learning more about the rise of life insurance in Bangladesh and Buksh’s role in it, Khuda Buksh: The Pioneer of Life Insurance in Bangladesh, written by Muhammad Obaidur Rahim, would be an excellent choice for you.

The book takes you through Buksh’s leadership strategies that helped the industry succeed and secure the future for millions of Bangladeshis. Find your copy on Amazon today!

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Minimize your risk with Iqcent, a reputable and trustworthy binary options broker that is committed to providing its clients with a safe and secure trading environment.

Finally, these robots can be programmed with advanced strategies, such as trend-following or momentum-based strategy, which can help traders capitalize on market movements with greater accuracy and efficiency.

Understanding what a binary options robot does

A binary options robot is a computer program that uses complex algorithms to analyze the market and make decisions about trading binary options. The robot can be programmed to look for certain signals in the market, such as price movements or changes in volume, and then execute trades based on those signals. It can also be programmed to use technical indicators, such as moving averages or Bollinger Bands, to help it make more accurate predictions about future price movements. Binary options robots are designed to take the emotion out of trading by making decisions based solely on data and not on any subjective factors. They are very effective in automating trading strategies so that traders don’t have to constantly monitor the markets themselves.

Which features should be considered when choosing a binary options robot?

To begin, you should look for a robot that is reliable and trustworthy. It’s essential to ensure the robot has been tested and proven to work properly before investing any money in it. It is also important to consider the type of trading strategies the robot offers. Different robots offer different strategies, so finding one that fits your needs and goals is important. You should also look at the customer service provided by the company behind the robot. If something goes wrong or you have questions about how to use it, having access to good customer service can be invaluable. Finally, check to see whether or not the robot is compatible with your broker of choice.

Tips for choosing the right binary options robot for your trading style

First, it is good to ensure the robot is compatible with your broker. Different brokers offer different types of robots, so finding one that works with your broker is important. Additionally, you should look into the features provided by the robot. Some robots may offer more advanced features than others, such as automated trading or backtesting capabilities. It’s also important to consider how user-friendly the robot is and whether or not it has a good customer support system in place. Finally, you should read reviews from other traders who have used the same robot before making a decision on which one to use. By taking all of these factors into consideration, you can ensure that you choose a binary options robot that best suits your trading style and needs.

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Check how your mutual fund schemes have done compared to their peers and benchmarks while evaluating them. React appropriately to underperformance because it will occur occasionally.

Here is how you can build and review your mutual fund portfolio:

1. Plan your financial goal

It is the beginning of all your investments. You must establish specific life goals and assign a monetary value to them since, no matter how quickly you run, it will only be worthwhile if you know where you’re going. 

Financial objectives range widely and depend significantly on your circumstances. Regardless of how different the scenario is, you will eventually need to look at mutual funds to help you address the problem. Of course, there are other financial tools, but they are more flexible than mutual funds (or ETFs).

2. Regulate your asset allocation

Asset allocation, which is your desired mix of large, mid, and small-cap index funds, debt funds, international funds, money market funds, and gold funds, forms the basis of your portfolio.

It establishes your portfolio’s overall risk level, which should align with your risk tolerance, and is the first stage in creating a diversified portfolio. Because diverse asset classes, industries, and securities don’t move in lockstep, diversification is adequate.

You should choose the asset class based on your objective and risk tolerance. An equity-heavy portfolio would be a wise choice if, for example, your retirement is 15 years away. But debt funds are more appropriate if you have a personal loan that needs repayment in just one year.

3. Know your risk appetite

Before choosing mutual funds, draft your goals and expectations in detail. Because different investment vehicles have varied uses, pick the appropriate investment instrument. For instance, some funds offer decent returns and are better suited to risk-averse investors, whereas other funds may offer strong market-linked returns but involve greater risk.

But your ultimate objectives should also match your risk tolerance. For instance, you should be prepared to invest in moderate- to high-risk funds if you desire returns of over 12%. It is so because risk and return are mutually exclusive. Here, the likelihood of earning good returns increases with risk.

After you have decided what your investment’s ultimate aims are, select a time horizon. For instance, if building your retirement corpus is your goal, your time frame would be 25–30 years. If you make such a significant long-term commitment, the power of compounding can significantly aid your investment.

4. Choose the right fund

It is now the time to select funds. Different Asset Management Companies (AMCs) could give varying returns for the same fund category. It depends on the companies that the funds have invested in and the fund manager’s expertise. Take the expense ratio into consideration as well before investing in a fund.

The expense ratio serves as a representation of the fund management costs. In this scenario, the smaller the expenditure ratio, the higher returns are available to you as an investment. The prices could eventually reach lakhs due to compounding effects.

Depending on your investment amount, you might invest in an estimate of 6-7 funds for an equity portfolio and 2-3 for other categories like balanced, debt, or gold. Of course, the mix will change depending on your investment horizon and risk tolerance.

5. Monitoring your funds

You must rebalance your portfolio if the asset allocation has changed. Sell the increasing asset class and put the money into an under-represented one. You can also increase exposure to the underrepresented asset class to rebalance the portfolio.

A frequent assessment makes it easier to spot someone who habitually performs poorly and, if necessary, to take corrective action. If there is a change in the organisation, management, or strategy, or if you anticipate a material decline in the fund’s prospects, you should consider selling the investment.

You must work hard and put your best foot forward. Having your mutual fund portfolio more relevant and successful for your goals takes a little extra work.

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Investing is an essential financial activity for many machine à sous en ligne france players since through it we can create major wealth. Unfortunately, too many of us make common investing mistakes that take away from our returns or put our funds into riskier positions than we initially planned.

Understanding what these mistakes are and how to avoid them is the key to success with investing. In this article, we will show six of the most common investment errors, why they happen and how you can avoid them moving forward.

Not Diversifying Your Investments 

Investing in a variety of assets is essential for reducing risk and increasing returns. Without diversification, you are investing all your money into one type of asset, which can be dangerous if the market takes a downturn.

Not Understanding Market Cycles 

Markets tend to go through cycles of highs and lows, but these aren’t predictable or linear. Understanding when to buy and sell is an important part of successful investing.

Not Paying Attention to Fees 

Investment fees can add up quickly, cutting into your returns significantly over time. Make sure you understand exactly what fees you will be paying when making investments.

Trying To Time The Market 

Many investors try to time the market, buying and selling at certain points to maximize returns. While this can be successful occasionally, it is a risky strategy and often leads to losses.

Being Greedy 

Greed can be a major issue for investors, leading them to take on too much risk or hold onto investments for too long. Make sure you don’t let greed get in the way of making wise investment decisions.

Not Doing Your Research

Investing without doing your due diligence can lead to bad decisions and poor returns. Always make sure you understand what you are investing in before putting any money into it.

The Bottom Line.

Making mistakes when investing your money can be costly and put your funds at risk you rather invest on australia online casino games . By understanding these six common mistakes and how to avoid them, you can become a successful investor. And if you become a successful investor you will start earning more money enabling you to invest it at online casinos

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Your employer determines your level of coverage. Sometimes, your coverage is determined by a multiple of your yearly wage. You occasionally have the choice to purchase extra coverage on your own dime. It is important to note that GTL insurance is temporary. It is in effect for as long as you are an employee of your company or for the duration of the policy’s designated term.

What Distinguishes GTL Insurance From Other Life Insurance Plans?

Group term life insurance is a specific type of insurance that the employer usually purchases the coverage on the employees’ behalf. On the other hand, other types are life insurance plans are purchased by individuals for themselves or their families.

Additionally, employees are not eligible for a policy loan under the GTL insurance plan. Only whole-life or permanent life insurance plans are eligible for loan coverage.

What Advantages Do Group Term Life Insurance Plans Offer?

• Employers can easily cover their gratuity liabilities if they have group-term life insurance. To relieve the employer’s burden, strategically constructed gratuity accounts are utilized to pay for additional gratuity payments. The performance of the funds selected by the client will be considered when calculating returns on investment.
• In India, group-term life insurance plans are more affordable since group plan administration is less expensive
• Employer expenses will decrease as a result of higher returns from performing funds
• Some plans provide employers with gratuities and life insurance

Are There Tax Repercussions?

Tax benefits exist for group-term life insurance for both corporations and employees. The present version of Section 10(10D) of the Income Tax Act of 1961 exempts death benefits from taxes.

Should You Go For Individual Term Insurance Plans As Well?

In many cases, the coverage provided by a group term life insurance does not cover all your liabilities. In that case, it is an excellent practice to go for an individual plan to get additional coverage for your family’s financial safety in case you are no longer around.

What Are The Tax Advantages Of Individual Term Insurance Plans?

Policyholders may avail of several tax benefits with individual term insurance policies. Here’s looking at some of them below:

• Tax Benefits for Life Insurance Payouts- The sum paid out by the insurer as the death benefit for an insurance plan will be completely exempted as per Section 10 (10D) of the 1961 Income Tax Act. There are plans which have the return of premium facilities, and even the refund of the same is tax-free as per Section 10 (10D). The benefit applies if the premium is lower than 10% of the sum assured or if the sum assured amount is a minimum of 10 times the premium amount. If the payout is more than Rs. 1,00,000, and the PAN of the policyholder is there with the insurer, a 1% TDS will apply.
• Tax Benefits on Premium Payments- Term insurance policies come with tax deductions up to Rs. 1,50,000 under Section 80C. However, the annual premium should be at most 10% of the sum assured. In case the premiums surpass 10%, then there will be proportionate deductions that are applicable. For policies issued before 31st March 2012, deductions only apply if the annual premium does not surpass the sum assured’s 20%.
• Tax Benefits under Section 80D- Section 80D is conventionally applied for tax deductions on health insurance plans. However, term insurance policies with critical illness and other applicable riders may enable their policyholders to avail of deductions up to Rs. 25,000. This can be Rs. 50,000 for senior citizens.

Consider all these tax deductions, encompassing group term life insurance and individual term insurance policies. The former is advantageous for most employees, although experts recommend topping up with separate individual life insurance policies for the best possible coverage. Using a life insurance calculator online, you should check the premium amount carefully before buying a plan.

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To avoid these problems, financially responsible people make use of the benefits of term insurance for their family’s safety and buy it at a young age.

What is the legal age in India to purchase term life insurance policies?

The most frequent query before buying a term plan is the one above. Many believe that the ideal time to buy a term insurance plan is in one’s late 30s, since one needs to be aware of the advantages of doing so early in life.

However, this can be a myth, and seasoned financial advisors consistently advise clients to purchase term insurance at a young age.

Even though it has been common knowledge that not everyone has the same salary, many people may need more money saved up when they work on getting a term plan. 

The various age ranges at which people can get the top term insurance plans online have been listed below with that in mind. 

1.   Early in their 20s:

The ideal time for a person to purchase a term life insurance policy can be in their early 20s. Many people start their careers and graduate from college at this age. Buying term insurance at this age can protect the policyholder’s future and help them develop healthy saving habits.

Additionally, many people today get married in their late 20s or early 30s, and they may not have any additional financial obligations. They may set aside a small sum of money from their earnings to cover the premiums. It might be wise to use an online term insurance premium calculator to know the premium cost based on the required needs.

Remember that the rates for a term plan may be lower the earlier you purchase one. When you buy term life insurance, your premium could be higher for several reasons.

2.   Between late 20s and early 30s:

People typically get married in their late 20s or early 30s, beginning a new chapter in their lives. So, the ideal thing for them to do is buy a term life insurance policy to protect the future of their spouse and children.

There are no children and fewer bills, and many are still new to their married lives. People can now readily withdraw money for long-term plans and benefit from several tax breaks under Section 80C of the Income Tax Act of 1961. Keep in mind that there are two different Income Tax regimes. You may receive the benefits based on the regime you choose to go with.

3.   Late 30s:

Your parental obligation may increase at this point in your life.

The focus may come on children’s schooling, extracurricular activities, other miscellaneous costs, and medical costs.

Now is the time to think about keeping your family safe and ensuring they have enough money to get by if you pass away due to any unfortunate incident.

With the extra obligation, you must securely insure yourself and your family with a higher protection benefit of term insurance, to pay off your long-term debts.

Why is it preferable to purchase term life insurance early in life?

Term life insurance is a protection strategy people adopt for their own lives. If the person holding the policy passes away, this plan can assure financial security to the policyholder’s family.

Early-term life insurance purchases can be quite advantageous for a variety of reasons. The affordable monthly premiums can be the critical factor as to why people buy these term policies at a young age.

For instance, if a person enrols in a term insurance plan while they are at the age of 20 or 25, they are required to pay a lower premium than those who register for these term policies later in life.

How long should a term life insurance policy be held?

You should carefully check the duration of these plans before buying term life insurance. Longer-term insurance policies have always been preferable to short-term ones because they may assure to protect you and your loved ones until your retirement.

You can use the above-mentioned age ranges as the benchmark age ranges and search for plans that offer coverage for extended periods, since the ages 60 to 65 is the typical retirement age range in our nation.

Use an online term insurance premium calculator to know the detailed premium rates that fit your needs.

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It earns attractive interest income and the lumpsum investment route is popular. You invest an amount for a set tenure and earn interest at a fixed rate.

Is it safe?

FDs are a trustworthy option for all investors as it remains unaffected by market fluctuations. You receive the decided interest income. Besides, all banks offer Deposit Insurance under the Deposit Insurance and Credit Guarantee Corporation scheme that offers a cover up to Rs. 5 lakh.

Online opening process

You can open the Term Deposit Account online nowadays. With the technological advancements in the banking sector, it has become hassle-free to select the bank, deposit amount, interest, and tenure on the Banking app. Register with your bank by entering the username and password. Select the appropriate option and enter the details as requested, including the deposit amount, tenure, interest, and type.

Upload the required documents for facilitating the account opening process. You need to cross-check all the details before submitting them and pay the deposit amount through the app. You receive an email and SMS notification upon successfully opening the account.

Minimum amount and tenure

The minimum amount for an FD is Rs. 5,000. The tenure ranges from a few days to five years. While you invest in a lump sum, ensure you have enough money to meet other essential requirements without prematurely breaking the deposit. Premature withdrawals attract a penalty of 0.5% to 1% of the interest rate.

Eligibility

You need to follow the eligibility criteria for opening Term Deposits, like a minimum deposit amount, resident status, like Indian residents, Hindu Undivided Family, and non-resident Indians and employment statuses, like sole proprietorships, companies, partnership firms, clubs, family trusts, associations, and societies.

Another popular traditional investment is the Recurring Deposit Account, where you invest small amounts regularly without causing a financial burden. These provide attractive interest rates and are accessible online.

Documents required

The documents needed for opening an FD Account include identity and address proofs, like the Aadhaar, Voter ID, PAN card, driving license, passport, etc. Upload them if you are a new customer. For existing ones, the process becomes easier as the bank already has all your details. Senior citizens get higher interest than other depositors and other benefits. You skip the lengthy documentation process and frequent bank visits since everything is automated and paperless.

Keywords: Fixed Deposit, FD, FD Account

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Copy Trading for Everyone

So, things are moving at a fast pace in the modern world and what used to be done manually can now be done automatically. Firstly, people had to physically visit the brokers and markets to trade and then everything became online. However, the process was still pretty much manual. Things then changed drastically and Zulutrade brought to its investors an amazing way to trade and called it copy trading. This format of trading requires you to follow other traders who are considered top-ranked due to their trading success rates and investment expertise. 

You might think you will have to spend years in learning trading, but that’s not the case anymore. If you think you can’t manage time to learn trading, you can go with this format because you will just be following a trader. Every trading decision they take will be copied into your trading account as well. If you have picked the trader after thorough research, you are most likely to receive some great returns on your investments. It’s the most advanced form of trading available today. 

Automated Trading for All

Copy trading doesn’t mean automatic trading. There is a clear distinction and you have to understand it to pick the right way to trade. So, when I talk about copy trading, I am telling you that there are investors in the market whose trading strategies are not hidden. You can see their trading decisions and copy them. However, you will still be performing the task of copying trades manually. The best part is that Zulutrade has a way for you to automate that process as well. Yes, you can automate your trades so you won’t even have to touch your trading platform to enter an exit trades. 

The company has called it the Automator. Through this feature, you can define certain conditions to your trading platform. Once you have defined those conditions, your trading platform will start trading on your behalf. Most importantly, it will not only enter trades but also exit them according to the parameters you have set. Through this way of trading, you can enter and exit more trades within a day and you can also add many types of assets to your trading portfolio. 

No Deviation from Set Strategy

It should be clear to you at this point what this type of trading is all about. However, one of the common questions that people ask about copy trading is what if their investments end up turning into losses because the trader isn’t following a set path. It is very much possible and so if you have this question in your mind, you are not alone. However, Zulutrade has already taken care of this problem by introducing the ZuluGuard feature. 

When you enter a trade, certain parameters are set according to your trading preferences. A risk tolerance level is also defined. If a trader takes decisions that violate those boundaries, they are removed from trading automatically. 

Final Thoughts 

If you are really interested in investing your money, you have to look towards the latest methods of investments. Trading online through copy trading is one of the best ways to invest your funds and be consistent from day one because you are following someone who is already trained in doing what they are doing. 

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What’s an ELSS fund?

An ELSS fund is the only tax-saving mutual fund that allows tax deductions under Section 80 C. As per Section 80 C, you are allowed to claim deduction of up to Rs 1.50 lakh per year. However, such funds have a lock-in period of only 3 years, which is the shortest lock-in among all the tax-saving financial instruments. Such funds are highly capable of offering inflation beating returns and thus, can be utilised as a means for generating long term returns. 

What’s an SIP mutual fund?

An SIP is a method of mutual fund investment. Like an SIP, lumpsum is also a way to invest in mutual funds. Among these two options, you as a retail investor may usually prefer to invest through the SIP route in mutual funds as this mode permits you to invest small amount as less as Rs 500 on periodic basis, say monthly, quarterly, bi-annually, etc. as per your comfort. Additionally, one of the prudent benefits offered by an SIP is the elimination of the stress of checking the markets as well as timing your investments. As you constantly invest in a mutual fund through the SIP route, you tend to buy higher number of fund units during falling markets and lower number of fund units during rising markets. So, this helps in averaging out your investments to create a well-balanced portfolio. Also, when you make an SIP investment, the monthly gains derived from an SIP are reinvested with your investment amount till maturity. So, over time, your investment amount in an SIP mutual fund is exposed to the benefits of compounding to generate exponential investment growth. 

ELSS vs SIP – Comparative analysis

So, now you know that SIP and ELSS are two important terms when it is about investment in mutual funds. While an SIP is an investment mode to invest in any mutual fund including ELSS scheme, ELSS is a kind of equity mutual fund. Here’s a tabular representation showing the difference between both the two. 

Conclusion

ELSS is an investment scheme, whereas an SIP is not. An SIP is a mode to invest in different mutual funds including ELSS. Thus, to strike an apple-to-apple comparison in this case is not possible because ELSS is a different financial instrument than an SIP with mutual fund being the only common link. 

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Hopefully, the situation isn’t as complicated as it might appear at first glance. For example, feel free to open an account on GLE Markets.

The above-mentioned broker is based in the U.K. Interestingly, the goal of GLE Markets is to attract customers from Europe. We need to mention that GLE Markets primarily focuses on forex traders. Nevertheless, GLE Markets covers all commonly traded asset types. 

Its website is quite informative. Furthermore, the home page of GLE Markets has a colorful and visually engaging design. Are you interested in GLE Markets? It is a great idea to spend some time on the GLE Markets review. 

Let’s learn more about its website. First of all, the information is well-sectioned. Furthermore, it is quite easy to understand how the website works. We also need to mention that the website of GLE Markets is technically sound. You won’t find dysfunctional elements on its website. 

Now, we need to discuss one really important topic. 

Is it possible to spot a scam broker? Good question. Sometimes, it is quite hard to identify a scam broker. Unfortunately, scam brokers have evaded regulators for a long time. Moreover, such “brokers” are pretty good at flying under the radar. Nevertheless, it is possible to identify a scam broker. For example, it is possible to check the information about the forex broker. 

GLE Markets and regulators 

We inspected the website of GLE Markets in order to spot something suspicious. We couldn’t find any security issues. We can say that GLE Markets behaves in a trustworthy manner. It is noteworthy that GLE Markets has all of its conditions and important information clearly displayed.

As stated above, GLE Markets is based in the U.K. So, it has to comply with strict regulations. Without a doubt, the decision to willingly operate from a high-security spot underlines the above-mentioned broker’s well-intendedness. 

As you can see, GLE Markets is a trustworthy forex broker. Now, we can discuss other important topics as well. 

Did you know that GLE Markets offers users a proprietary platform? Yes, the platform mentioned above offers various functions. 

Interestingly, GLE Markets claims that it based the experience around the MT4 and MT5 platforms. 

What about the customer support team of GLE Markets? Is it good? 

GLE Markets has an excellent customer support team. People who work for GLE Markets are ready to help you. To make a long story short, they are super efficient and quick to respond, exactly what you want from any company. 

It is worth noting that the customer support team is available 24/5. So, feel free to contact the customer support team of GLE Markets even at 5 a.m.

Unfortunately, GLE Markets don’t offer a live chat option. 

Let’s not forget about the FAQ section on the website of GLE Markets. Its FAQ section is quite interesting. 

To sum up, GLE Markets is a good option for inexperienced and experienced traders. 

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