Finwise Personal Finance Services LLP is an AMFI-registered mutual fund distributor. This website finwise.in (and the contact details given on this website) are of Finwise Personal Finance Services LLP. We do not, directly or indirectly, provide any form of financial assistance, lending services, or loan facilitation. We are not affiliated with, nor do we endorse, any digital platforms or applications—specifically including but not limited to “FinWise: Financial Assistant” or the website <fin-wise.co>—that purport to offer such services. Any unauthorized use of our trademark ‘FINWISE’ by third parties is expressly disclaimed and is currently subject to legal action. Users are advised to exercise due caution and verify authenticity before engaging with any financial service provider.

Is your family equipped to handle an emergency when you are incapacitated?

Is your family equipped to handle an emergency when you are incapacitated?

As personal finance professionals, when we look at customers, we are accustomed to looking out for risks which can play out and finding ways to mitigate them. We hope that a family which had given adequate thought to many of the risks, would be able to manage well, in any unforeseen emergency. We have now realized one important factor which we have not been emphasizing on, through a recent unfortunate experience.

 

While we all plan for our dependents post our demise, rarely do we think of us being in a situation where we are temporarily incapacitated and are dependent on our family to take charge. A recent experience made us think, and these are some of the conclusions we have come to.

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/is-your-family-equipped-to-handle-an-emergency-when-you-are-incapacitated-11077081.html



Image credit : Moneycontrol



 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

 

To receive our articles through email, pl subscribe here.

All you need to know about EDLI – Employee Deposit Linked Insurance

All you need to know about EDLI – Employee Deposit Linked Insurance

 

 

Employee Deposit Linked Insurance or EDLI is a mandatory insurance scheme for private sector employees who are enrolled into EPF. The quantum of insurance provided depends upon the salary (salary refers only to Basic and DA) drawn in the last 12 months before death.  The insurance paid out is subject to a minimum of two point five Lakhs and maximum of seven lakhs.


Read more about EDLI in our article published in Money9 below and propagate this widely to help families in distress.


https://www.money9.com/news/provident-funds/employee-deposit-linked-insurance-all-you-need-to-know-34148.html

 


Image credit: Money9, Pixabay

 


Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

To receive our articles through email, pl subscribe here.