We all go through some awkward situations in our personal and professional life. Irrespective of how cool or composed you may be, if you do not know how to manage a situation properly, you could land up in a tough spot. Well, you need not worry. You can use some jugaads to get out of tricky situations that are listed below.

1. When you talk to someone, you know but forget his name

This must have happened to you at least once in your life. Do not put yourself or anyone in the awkward spot and save the day by asking for his business card. It will allow you to recall their name and give you an opportunity to exchange cards. If you have already collected the card and misplaced it, simply admit that and ask for another one.

2. When you need to get out of a boring conversation

In this situation, you will have to politely apologize and tell them that you need to catch up with someone before they leave. You can also simply excuse yourself to use the restroom and get out of the awkward situation.

3. When there is a silence after you introduce yourself

The best way to get out of this situation is to start with questions. You could be an amazing communicator; however, the other person might struggle here. In order to avoid silence, take charge of the situation by asking questions.

4. When you need to provide financial security to your family

This is something that is very important and the best jugaad you can do is to invest in a term plan online. Life is uncertain and you do not want your family to go through a difficult situation in your absence. You need to understand the term insurance meaning and invest in a plan that fits your needs. Do not wait for life to put you in an awkward situation; instead, buy a term plan and save the day!

5. When you feel cornered by somebody

If you are ever stuck in this situation, you need to introduce someone else in the conversation. Many people do not realize that they are making you very uncomfortable in a conversation, and if they do not pick up the body language, you should try to include someone else in the chat.

6. When your fist bump is met with a handshake

This is a bad choice but a sticky situation nevertheless. Always greet people with a handshake, unless they come with a fist bump or a high five. Handle the situation with confidence and meet people with a handshake immediately.

There will always be an awkward situation in public, as well as, your personal life but such jugaads can help you get out of the situation within minutes. If you handle a situation with confidence, you will be fine. Simply be prepared for your next professional event and handle any embarrassing situation smartly.

In order to build a huge sum of money for your future, what do you need? Apart from the allocation of funds, you obviously require the right type of investment plan to keep you covered throughout. One such plan that has been making headlines after the reintroduction of Long term Capital Gains Tax [LCGT] is the Unit Linked Insurance Plan [ULIP]. Due to its investment and insurance offerings under a single plan is what has made it a go-to option.

There is never a right or wrong time to invest in ULIPs. It is advisable to invest in this plan at an early stage of life due to numerous factors and benefits. When you invest early, see to it that you have positive cash flow with all the past debts cleared as well as emergency funds for security purpose. Once these two factors are covered only then move forward to the investment procedure as it is a safety net for all your unplanned costs.

Take a look at these reasons that will make you invest in a ULIP Insurance at an early phase of life

What is a ULIP Plan?

Being a new-age product, ULIPs attract a majority of investors due to its high returns and low costs. These newly reformed ULIP Policies allow its investors to attain all their long term financial goals by offering them with the right balance of investment discipline, tax benefits, and so forth. Unlike mutual funds, the expenses that are incurred on ULIPs are much lower.

Investment in ULIPs is definitely worth all your hard earned money. But there are certain things that you should consider before opting for a ULIP Policy. A right ULIP Plan will ensure maximum benefits once you have all the factors in place. Hence, go through these factors before making an investment decision:

1. Lock-in period
2. Tax benefits
3. Multiple funds option
4. Charges
5. Death & maturity benefits

Reasons to invest in a ULIP Insurance

1. Online ULIPs

Unlike offline ULIPs, it is an affordable means of investment which implies to lower costs as well. When you invest in online ULIPs, it might provide you with zero cost since it does not include any distribution as well as commission charge. Additionally, a majority of companies are reversing on the mortality rates of online ULIPs as well. This ensures that you not only save yourself some money but also time as you won’t be chasing insurance companies for help.

2. Rupee Cost Averaging

Typically, a ULIP Policy works on a concept termed as ‘Rupee Cost Averaging’. Under rupee cost averaging, the investor buys specified units of funds which are averaged. This in turn tones down the guessing game as the investor lets him invest in a fixed sum regardless of the market scenario. With the help of rupee cost averaging, investor purchases more unit when the market is low and vice versa.

3. High-Value Life Cover

When you invest in a ULIP, you are keen to receive a life cover which might be of high value. A life cover provides you with either a sum assured or a fund value, whichever is higher. Under ULIPs, a life cover might be 10 times of the premium that you invest in. The higher the premium you pay, the higher is the value of your life cover.

4. Tax Benefits

Avail the tax saving benefits on your ULIP Plan by paying the premiums. ULIP tax benefits are valid under Section 80C of the Income Tax Act, 1961 wherein the investor can avail tax benefits on investments up to Rs. 1.5 Lakhs. Additionally, the capital which you earn is also exempted from the payment of taxes.

5. Switching policy

Investing in ULIPs simply means availability of switching from one fund to another. A ULIP Policy allows you to invest in only those funds based on your risk appetite. Even if you’re a risk-averse investor, ULIPs offers switching funds. As an investor, you can opt to switch funds to enhance your fund value.

Now that you know the significance of investing in a ULIP, when do you plan to invest in one? Whatever you decide, see to it that you invest in it to the soonest in order to enjoy the benefits of a low-cost ULIP. A ULIP investment is best optimized when you keep the current market scenarios in mind. In the end, it is better to invest in something at the right time than not do it all!

Small businesses are the backbone of the US economy. Based on research, there are 28 million small businesses and 18,500 large companies in the US. Of the 28 million, 22 million are operated by sole proprietors. That means the business has no employees. For businesses with employees, payroll is a vital task. If the process is not streamlined, it can slow down operations.

In large companies, business processes are automated. This helps companies remain relevant in the competitive environment. To do so, they have adopted cutting edge technology to gain an upper hand.

For small businesses to remain competitive, they need to optimize payroll process. Want to make payroll processing less time-consuming? Consider these 5 ways to streamline your payroll process.

1. Invest in Payroll Software with Cloud Management Capability

A lot of business owners put off investing in payroll software due to costs. Payroll software with cloud management capabilities is not cheap. Costs aside, such software can calculate taxes based on the employees’ zip code.

It can capture your employees’ data and information. Also, it can split costs between different departments and prevent duplicate entries. The same information can be shared with relevant departments in your business.

Want your business to run faster, and simpler? Invest in payroll software.

2. Pay Employees Less Frequently

A lot of small businesses adopt the hourly, daily or weekly payment scheme. Doing this takes more time to process payroll. To streamline your payroll process, pay your employees less frequently.

Instead of hourly, daily or weekly wages, opt for bi-weekly or monthly wages. This will cut your system service payroll advance. To make this a reality, you need to carry out some coaching on budgeting and personal finances.

3. On-board Your Employees Online

It is common to find new employees filling out a stack of forms on their first day at work. For a business seeking a competitive edge, this is not the best way to use company time. To streamline your payroll process, onboard your employees online.

Modern payroll software comes with cloud and web apps. As such, the system can be integrated with your website. Now, new employees can complete forms online. They include I-9, direct deposit authorization, and W-4 forms.

This saves time and creates an efficient atmosphere at the office.

4. Go Green with Paperless Payroll

Paperless payroll not only saves money but eliminates the need for time sheets, and physical paychecks. To integrate paperless payroll, invest in software with an online portal. With an online portal, your employees can sign up and check their pay information. No more physical checks or wasting paper.

You can streamline your pay stubs with PaystubCreator.net. As an online stub maker, not only does it ensure accurate calculations but error-free entries.

5. Offer Continual Training

Changes in technology and policies require your employees to be up to speed. This is one of the ways to stay ahead of your competition. Continual training and education equip your employees with skills and knowledge. This goes a long way in streamlining the payroll process.

To ensure your employees receive the best training, partner up with a training institution. Not only will they carry out training on site but online too.

Streamline Your Payroll Process to Stay Ahead of Your Competition

When you streamline your payroll process, it translates to several benefits. They include time-saving, cost-saving, and increased efficiency. Not only that. You will reduce errors and duplicate entries.

Looking for more tips on how to optimize your payroll processes? We can help. Check out our blog.

Once you become parents, what’s the one thing that is constantly on the top of your mind? Of course, the well-being and protection of your kid. Having said that, a child’s education holds a lot of significance in the life of every parent. This is because every parent wants only the best for their kids which makes them save more for their future goals and aspirations.

The best way to ensure your child’s secure and safe future is by investing in a Unit Linked Insurance Plan [ULIP]. A ULIP plan not only ensures protection of your family but also seals the deal with financial security. It may also turn out as the safest option if you follow these 5 steps in order to fund your child’s future education

Estimate your budget

Estimating your budget is the most crucial step as it lays the foundation of the future of your kid. Moreover, your entire corpus acts as the basis of his future education hence see to it that you generate enough income that not only fulfills your needs but also your kid’s. In order to estimate your budget consider factors like the list of universities, the stay, fees and additional charges of the university, and so forth.

Decide an investment amount

Once you decide the required amount of corpus for your child’s future education, break down the investment amount into a monthly figure. The best way to do so is by taking the help of a ULIP calculator which will give you the estimates of your final investment goal. If you start investing with a small sum of amount, then you can further benefit with the help of a compounding effect.

Consider your risk appetite

Investing in your child’s future education with the help of a ULIP ensures that your risk appetite is in check. ULIP insurance ensures that your encashment in funds is humongous. If you want the same, then see to it that you invest in equity funds. However, if you are someone who doesn’t wish to take risks, you can easily switch to debt funds.

Choose the best ULIP plan

With a plethora of available child policies in the market, there is a possibility to get confused due to too many options. In order to avoid confusion, invest in a plan based on the past performance of the ULIPs as well as your final goals of investment. Moreover, select a plan that not only offers child policies but also a lump-sum amount on the date of maturity. The best ULIP plan will waive off the premium during the death of the policyholder.

Opt for ULIP insurance

For child policies, it is advisable to invest in ULIPs. Investing in ULIPs not only ensures the protection of your kids with a provision of a life cover but also with the benefits of the higher returns. For instance, a ULIP Policy combines the advantages of insurance and investment together in order to earn higher market returns. Regardless of the scenario, your kid needs a better life and with the help of a ULIP, you ensure the best one.

As parents, we can go to any extent in order to provide our child with the best. That’s when ULIPs come into the picture. Make ULIP Insurance your one-stop destination for your kids as it will not only protect them in times of financial exigencies but also allow them to soar higher, at the same time.

Now that you know how to map your child’s future education with ease, when are you planning to make an investment? Start today with the help of ULIPs as it not only offers the benefits of protection but also growth. Since the needs of your child will be in check, the question of his/her future would no longer be an issue to you.