Ulips were once the most sold but also the most missold of insurance products . They offer triple benefits of life cover, tax savings and wealth creation. But all these benefits will come only if you understand your Ulip and know how it works. If you do not understand it, you may be better off in other investments.

Many times we feel confused about investing in ULIPs. Questions like is this the right time, what should be the right amount, should I invest more later, etc can leave us unsure about them.

Experts contend that retirement planning should start from the day you start earning. Sound advice indeed, but one that is seldom followed. ET Wealth has brought out seven rules of retirement planning that have been advocated by experts for decades.

1. Save 10% of your income for retirement

Financial planners advise that an investor should periodically review his portfolio, preferably once a year.  recent survey by HSBC Global shows that two out of every five investors around the world do not review their portfolios every year. This is worrisome because a yearly portfolio review is as important as an annual medical check-up that doctors advise. If a problem shows up in the check-up, it can be set right with minimal effort.

MUMBAI: Undergoing treatment for hepatitis C in 2006, which he contracted due to an infected blood transfusion in 1988, cost a Ghatkopar resident his health and Rs 1.58 lakh.

To his relief, ruling in his favour, the Mumbai Suburban District Consumer Disputes Redressal Forum on Thursday ordered Royal Sundaram Alliance Insurance Co Ltd to pay the claim that it had rejected on the grounds that in this case, hepatitis C was a pre-existing disease and not covered by the policy.