Every business minded person is trying to invest in emerging markets now in hopes that profitable returns are gotten in the long run. While most European and American markets are grown and proven to be rewarding, they are fast becoming saturated hence the desire by many investors and even new entrepreneurs to enter emerging markets.

The businesses that would be covered on this list would be the ones that can be started with low capital because everyone knows that selling crude oil in anything country is profitable but how many people can really afford the capital and resources to start a crude oil business! The answer is very few people. This list is primarily for business minded people that would like to do business with low overhead then scale their business over a period of time. Without further ado, let’s explore our list.

1. Social Media Marketing

This business is one that you can literally start from your bedroom. There’s a lot of attention right now on social media platforms like Facebook, Instagram, and YouTube. All you have to do is a take a course on how to use these platforms to promote products for sale. The next thing is to hone your skills, do some work for free to build up your portfolio and get valuable testimonials you can then use to get your first client. From there, you can grow your business through referrals and more advertising provided you get good results from your marketing.

2. Gaming Platform

Believe it or not, having a gaming platform is fast becoming lucrative in emerging markets, especially the ones in Africa. On one part, the rise in these types of platforms could be due to the want of many African youths to get rich or cash out as they say by investing so little money. This business may be controversial to many, but platforms like this one amongst many others have steadily built their business to profitability.

3. E-Commerce

This one is rather expected. Over the years, silicon valley investors have invested massive amounts into the e-commerce scene in developing countries. Although, some of the e-commerce companies aren’t successful yet, but the investors are willing to bet on the economies of these countries blossoming over the next few years. This way, they can not just make a profit but also have bigger market shares because they decided to invest early. Now, to start this type of business, you need to have a unique e-commerce idea that you can bootstrap then convince big-time investors to help scale your business to help you become competitive in the market.

4. Graphic Design

Graphic design is a very good business you can get into with low capital. What you basically need to do is get good graphic design tools and learn the basics of graphic design. There are so many small-scale businesses being started every day in emerging markets that need the services of graphic designers to help create visual brand assets and marketing materials for them.

5. Crowd farming

From the name, you can deduce that this is a derivative of crowdfunding. Crowd farming has to do with a group of people pooling together resources to invest in farm produce on a large scale then splitting the profit based on individual contribution. This is the case with platforms like Agropartnerships and Thrive Agric just to mention a few of platforms that are taking advantage of the growing interest in Crowd farming.

Term insurance is the simplest form of insurance you can buy. These plans are economical compared to other programs that are offered by insurers. The premiums are affordable, and your family is protected if something happens to you. Before we look at tax saving terms plan let’s understand what term insurance is all about.

What is Term Insurance Plan?

Term Insurance provides pure protection and covers the risk of an untimely death of the insured. Term insurance is an affordable policy to insure financial stability when you are no more. Term policies are affordable for the following reasons:

• Term policies like sbi term insurance plans are pure protection plans they have no investment value.
• The benefits will be paid to the nominee on the death of the insurer during the term of the policy

This policy offers the highest sum assured for the lowest premium as is one of the best selling plans in the market. Besides making your family financially stable and also take care of any future obligations like child’s education and unforeseen illnesses.

How Does Your Family Benefit From Term Insurance?

Every parent would like to secure a child’s future. This is where term life insurance comes in. Your children will need education and perhaps medical attention or some other unforeseen expense. It will be a tragedy if your family is left with nothing after you are no more. The thought itself can send shivers down your spine.

In term insurance, the beneficiary gets a fixed sum assured in case of an untimely death of the insured person. For instance, if you insure yourself for a sum assured of ₹ One Crore for 40 years and you pass away within the insured period, then your nominee will receive the full sum assured.

This amount would probably be enough to meet the daily expenses and meet any present and future financial obligations. You could also clear off any pending loans

Given below are some Term Life Insurance plans by various Insurance Companies along with the indicative premium and maturity age and other details

*Indicative Figures

Who Needs Term Plans?

Life is uncertain.-We do not know what will happen to us tomorrow or even today. Will we survive the day or the next moment is life’s multi-million question. Under these circumstances, it would be wise to opt for a term policy that will protect your loved ones and ensure their financial future. Following individuals should go for term insurance plans.

• If your family is financially dependent on you and there are no other means of income.
• If you have recently married and you plan to start a family
• You have dependents like your mother, father, spouse, and kids, etc. to take care of.
• f you are an entrepreneur running a start-up or business

As a sole breadwinner, you have a moral responsibility of protecting your family by ensuring that they are financially stable. If you pass away your family will be affected emotionally as well as financially. By taking a term policy, you at least reduce the financial burden.

As a sole breadwinner, you will also have to think about your children’s future. Being a parent is a great responsibility. Your children depend on you for anything and everything. Your responsibility begins from the time they are born till the time they settled with a good education and happily married.

Term Insurance Plans are your passport to peace of mind. It helps in a big way when you encounter a financial emergency.

What are the best Tax Saving LIC Term Plans?

Since its inception, LIC has grown into a trusted insurance provider catering to the needs of millions of customers in India. Currently, it has three-term insurance plans that have excellent features that can be considered among the best plans offered by LIC. The plans include:

LIC Online eTerm Insurance Plan

(I) As the name suggests – this term policy is available on the website of the Company. Since there are no intermediaries, the premium tends to be lower.

(II) It is a pure term policy where the insurer pays the death benefit only in case the insured passes away during the term of the policy.

(III). Regular premiums are to be paid to keep the policy “active.”

(IV). Riders can be attached to this plan to increase the coverage. For instance, you can add medical expenses reimbursement rider to your term plan.

(V) LIC term insurance offers different premium rates to smokers and nonsmokers. These rates are applicable for a sum assured of ₹ 50 lakhs and above.

(VI). Premiums up to ₹ 1,50,000 is exempt from income tax under u/s 80Cof the income tax act.

(VII) Any death benefits received will be exempt u/s 10(10D)

(VIII) Under this plan, the premium has to be paid annually. There is no option for bi-annual payment of premium.

LIC  Amulya Jeevan-II

(I). This LIC term plan pays a death benefit in case the insured passes away during the tenure of the policy

(II) Premiums are to be paid throughout the entire tenure of the policy.

(III) Premiums can be paid on an annual or semi-annual basis/

(IV), Riders can be attached to this term policy by paying some extra premium.

(V) Premium up to ₹ 1,50,000 is exempted under section 80C, and all benefits paid to the nominee is exempted u/s 10(100).

LIC Anmol Jeevan-II

(I) Anmol Jeevan II is a pure term insurance plan which provides benefits to the nominees only when the insurer is not more. No benefits are paid if the insured survives the tenure of the policy term.

(II) The death benefit is equal to the sum assured agreed upon at the time when the policy becomes active.

(III) Premiums are to be paid annually or semi-annually, during the entire term of the policy.

(IV).Tax exemption is allowable under the Income Tax Act under section 80C and Sec 10(100) for the premium paid as well as the claim received.

(V). Riders can be added to the basic plan to increase the coverage.

The minimum age of entry is 18 years, and the maximum age is 60 years. Maximum age at maturity should not be greater than 70 years.  The minimum policy term is five years, and the maximum term is 35 years. The minimum sum assured is ₹ 25 lakhs – there is no upper limit in this plan.

No point in putting it off for tomorrow – it may be too late

No point in putting it off for tomorrow – it may be too late. So, don’t delay your decision anymore and invest in a term insurance plan today. Get your peace of mind and your family’s financial stability bundled together in a single package.

Expenses automatically go down after you retire. There are many pain-free ways that they can be reduced even further. The following are ten ways that you can save money during retirement, without having an adverse effect on your lifestyle:

1. Clothes. You won’t need to pay for uniforms or expensive business suits any longer. And you won’t have to purchase and have an entire closet of shoes for all occasions.

2. Commuting costs. You won’t have to pay parking fees, or bus fare, or tickets for the commuter train any longer. If you have a 20-mile commute every day, then you will save nearly 100,000 miles per year, which is the equivalent of over $5,000 per year, at the 56.6 cents IRS mileage allowance.

3. Look online – there are numerous ways that you can save money by going online and looking for vouchers and senior citizen discounts.

4. Lower insurance. If you sell one of your cars, then you won’t have to pay insurance on it. You also might have other insurance policies that you don’t need any longer. For instance, you might not need life insurance if your children are all grown up.

5. Move. If you aren’t committed to the location where you worked, then you might have the option of selling your home and moving to a neighborhood or area that is less expensive. You don’t have to necessarily relocate to Texas or Florida. Sometimes relocating 20 miles further away from a business hub can end up saving you large amounts of money, mainly, housing prices and real estate taxes.

6. No more children. After your children have completed school and move out to be on their own, you will spend a lot less money. This event frequently happens at about the same time as retirement. Your savings account will no longer be drained by college tuition, you won’t have extra cars in your driveway, and your grocery bill will go way down.

7. Travel. If you want to go first class when visiting the hot spots, you can spend tons of money. However, what is so nice about retirement is you can travel during the middle of the week, when airfares are less, or go during the off or shoulder season when the rates are much lower. Being flexibility allows you to take advantage of those websites that offer alternative accommodations like Cyberrentals and Airbnb.  You can visit your children too.

8. Entertainment. Don’t hesitate to take full advantage of using the senior discount at a state park or the movies. Many local and state governments offer senior homeowners discounts as well. Take full advantage of your flexibility by not needing to be at work from 9 through 5 on a daily basis. Instead of going out to dinner, go out for lunch instead. You can frequently enjoy the same food at a lower price. Play golf in the middle of the week at a lower rate instead of on the weekend. Check out the offerings in your community ranging from the senior center’s free exercise classes to the library’s free lectures.

9. You are the boss now. The kids might have insisted on having the premium cable package, but you might not need it any longer. If you aren’t using all of your minutes, downgrade your cell phone plan. If you aren’t using the swim club any longer, cancel your membership. Review your credit card bills. Are you paying for anything that you are not using any longer? Cancel the charges now that are for children, and reduce it down to those activities that are still important to you.

10. Save on your savings. Since you aren’t getting a paycheck any longer, you won’t need to pay for Social Security anymore. Now you are on the receiving end of these programs. And keep in mind, now that you are retired, you won’t have to put 5 to 10 percent of your money aside to save for your retirement.