WELFIN's Action Point
Playlist
Let Welfin secure your financial Future.
Dream -"A goal is a dream with a deadline"
Plan - "A goal without a plan is just a dream"
Achieve - "To achieve your goals trust on your plan"
Welfin view: Russia- Ukraine war and its impact on Indian Economy
Best Insurance advisor in Kolkata: Welfin
An Insurance Advisor in Kolkata like Welfin sells insurance policies on behalf of an insurance provider. The agent is an expert on the policies of the various carriers. The agency is responsible for ensuring that a policy is adapted to the needs of the business owner. The agent can help a business owner evaluate the risks involved and determine the appropriate coverage. This position, on the other hand, can be filled by a third party.
Carrier-created plans can be sold by Insurance Advisor in Kolkata. Commissions and the types of policies they can sell are discussed in a meeting with the carrier. Appointments are also required since they determine which insurance carriers’ products the agency is allowed to market. A third-party agency may be required to bind certain coverages. A captive agent is an insurance agent who solely represents one company. After submitting applications on behalf of a buyer, it receives a binder from the underwriter.
Welfin is a company that creates and manages insurance policies as well as pays claims. A self-contained insurance firm distributes products from a range of companies. Only one sort of insurance company is sold by a captive agency. Its appointments specify what types of insurance it can provide and how much an agent will be paid for each one. A captive agency might be small, with only one agent, whereas an independent agency might have several employees. If an insurance company is licensed and hires the right people, it will be able to achieve its goals with ease. Welfin is said to be one of the best Insurance Advisor In Kolkata because of its services.
As an insurance agent, you must devote time to studying the industry. The insurance carrier determines the commissions paid to agents. Depending on the commission structure of the agency, a commission is paid on new policies and is reduced on renewals. Supplemental commissions are meant to encourage agents to achieve particular goals and improve client satisfaction. They reflect a company’s prior year’s achievement and are computed as a percentage of the premium.
A single insurance company can only sell its plans, whereas an Insurance Advisor In Kolkata can sell many plans. To sell its goods, an insurance firm must hire an insurance Advisor. The types of policies that an agency can provide, as well as the commissions that will be paid on each policy sold, are specified in these appointments. It could be a one-person operation or a large organization with numerous staff. Welfin, in general, is a company that specializes in selling insurance.
Services
FINANCIAL ADVISOR
Welfin, one of the Best Financial Advisor in Kolkata is advertised as a thorough exercise that analyses your existing and future financial condition. Thus, allowing you to fulfill all of your goals systematically. We devise a plan for you to cover all of your life’s expenses, both anticipated and unanticipated. Budgeting your costs, investing in the correct assets, setting SMART goals, minimizing risks, and selecting the appropriate asset allocation are all steps in the process. When a customer has sufficient savings for the future, he or she may question the need for a financial plan. And, here comes the duty of the Best Financial Advisor in Kolkata – Welfin.
If you work, your monthly income should be sufficient to cover your expenses, and any money saved will be put toward your future needs. It is anticipated that you will have enough money saved up to live comfortably for the rest of your life, maintaining a standard of living that is superior to or at least equivalent to your present standard of living while working. Inflation must be taken into account because it has the potential to erode the value of your hard-earned cash. Inflation is defined as an increase in the price of goods and services over a long period. Something that is currently priced at 100 rupees could be worth 110 rupees tomorrow. Consider how much it will cost you in a few years when you retire.
To illustrate the point, consider the following:
- Household Expenses: Rs. 30,000 per month Years to Retirement: 15
- Inflation rate: 8% per annum
- Household Expenses in the Future (After Retirement): Rs. 95,165 per month
To combat inflation, you’ll need a well-planned investing strategy that considers inflation and establishes a plan for streamlining and maximizing your financial future. Making preparations for your retirement, your children’s education, and marriage, as well as the purchase of a home, a car, annual family holidays, and any other ambitions you may have, is all part of financial planning. For this, one needs the help of the Best Financial Advisor in Kolkata to guide them properly through all the steps.
Your financial planner will first define all of your goals, examine your assets and commitments, quantify your cash flows, and then plan to allocate your funds logically toward these goals so that they may be realized while creating a financial plan. You’ll begin investing toward your goals after you’ve created a strategy that takes into account all of your financial demands.
The third component of the financial strategy is the investment suggestions. These proposals may also involve tax-saving investments. Make an appointment with the Best Financial Advisor in Kolkata today to begin putting together a budget and organizing your finances.
RETIREMENT PLANNING
Why Retirement Planning services in Kolkata is important?
Covering your bills is simple as long as you are in the earning phase of your life. However, you must have enough money saved up after you retire to live comfortably for the rest of your life. Furthermore, as one grows older, one must contend with increased medical bills.
It must be sufficient to cover your day-to-day expenses.
We must all fund the necessary living expenses even after retirement. With time, the lack of a regular wage may become a burden.
Many people do not receive pensions or gratuities when they retire, and even if they do, the amount is often insufficient to cover all of their needs. By opting for Retirement Planning services in Kolkata, you can ensure an adequate level of living by your lifestyle.
To cover medical expenses
Health problems and emergencies grow more common as you get older, putting a burden on your budget because your health insurance coverage may not be enough to cover all of your medical needs. As a result, your retirement fund must be large enough to cover your and your family’s medical needs to avoid a financial disaster in your golden years.
Defend yourself from inflation.
The term “inflation” refers to an increase in the price of goods and services. It lowers your purchasing power or the value of your money, and the price of goods and services will continue to rise until you retire.
This indicates that you’ll have to pay more for everything in the future than you do now. To establish a suitable retirement fund, you’ll need a sound retirement strategy that takes into consideration inflation, life expectancy, rate of return, and other aspects. Thus, this is where Welfin comes into the picture as it provides the best Retirement Planning services in Kolkata.
Dealing with unforeseen events
Life is unpredictable and surprisingly unpredictable. It may occasionally place us in unfavorable situations and conditions that we did not anticipate. Natural disasters, the death of a loved one, financial difficulties in the lives of family members, and other occurrences can bring financial and emotional hardship in your life. To deal with such unanticipated disasters, it is necessary to have a large corpus.
To help you reach your retirement goals
Retirement is the ideal opportunity to engage in things that you previously did not have time for. Whether you want to start a business, go on a world tour, buy your dream car, or build that villa you’ve always wanted, you can accomplish it. To do this, you only need a great Retirement Plan that is practical, scalable, and consistent. So, contact us today and let us introduce you to our Retirement Planning services in Kolkata.
INSURANCE
Insurance plays an important role be it health, life, motor, health, home, etc. Welfin, being one of the best Insurance Advisor in Kolkata helps you with all kinds of Insurance. Let us read about the insurance services:
Health Insurance
Because health insurance protects you in the event of a medical emergency, we are required to obtain it. Some of the numerous reasons to buy health insurance are as follows:
To cover medical expenses
Health problems and emergencies grow more common as you get older, putting a burden on your budget because your health insurance coverage may not be enough to cover all of your medical needs. As a result, your retirement fund must be large enough to cover your and your family’s medical needs to avoid a financial disaster in your golden years.
Defend yourself from inflation.
The term “inflation” refers to an increase in the price of goods and services. It lowers your purchasing power or the value of your money, and the price of goods and services will continue to rise until you retire.
This indicates that you’ll have to pay more for everything in the future than you do now. To establish a suitable retirement fund, you’ll need a sound retirement strategy that takes into consideration inflation, life expectancy, rate of return, and other aspects. Thus, this is where Welfin comes into the picture as it provides the best Retirement Planning services in Kolkata.
Dealing with unforeseen events
Life is unpredictable and surprisingly unpredictable. It may occasionally place us in unfavorable situations and conditions that we did not anticipate. Natural disasters, the death of a loved one, financial difficulties in the lives of family members, and other occurrences can bring financial and emotional hardship in your life. To deal with such unanticipated disasters, it is necessary to have a large corpus.
To help you reach your retirement goals
Retirement is the ideal opportunity to engage in things that you previously did not have time for. Whether you want to start a business, go on a world tour, buy your dream car, or build that villa you’ve always wanted, you can accomplish it. To do this, you only need a great Retirement Plan that is practical, scalable, and consistent. So, contact us today and let us introduce you to our Retirement Planning services in Kolkata.
Life Insurance
Life insurance (sometimes known as life assurance) is a contract between a policyholder and an insurer/ assurer in which the insurer agrees to pay a specified beneficiary a certain amount of money in exchange for a premium if the insured person dies (often the policyholder). Depending on the contract, other events such as terminal disease or severe illness may also trigger payment. A premium is normally paid by the policyholder, which can be paid regularly or in one big sum. Suicide, fraud, war, riot, and civil commotion exclusions are typically included in contracts to limit the insurer’s obligation.
Contracts that last the remainder of one’s life are usually divided into two categories:
- Protection insurance is designed to provide a payout in the event of a certain occurrence. Term insurance is a popular form of protection that was more popular in previous years.
- Whole-life insurance is defined as insurance that allows for capital growth through recurring or single premiums.
An Annuity Plan, on the other hand, ensures that you will get a certain amount of money at the end of a specified time or upon your death. We partner with some of the industry’s most reputable organizations to give you the comprehensive end-to-end coverage you require to safeguard your family from financial ruin.
Welfin – an Insurance Agency in Kolkata believes that the primary focus in wealth creation and conservation should be on protection and preservation, and he heavily promotes Term Plans, which essentially guarantee you a large sum of money for a low premium, but your coverage expires at the end of the term, and no money is paid out if no contingencies occur.
We work with some of the industry’s best and most renowned insurance firms, and we can tailor your coverage to your unique need.
Motor Insurance
Vehicle ownership has gone from being a luxury to becoming a necessity. When you need to get somewhere quickly and your origin or destination is off the main path, a car gives you more mobility and reduces your dependency on public transportation. Driving on Indian roads, on the other hand, comes with its own set of risks. Accidents are more likely when there is a lack of driving discipline, poor road or weather conditions, or inclement weather. A catastrophic circumstance like this could result in car damage, as well as personal harm and death. Furthermore, covering risks to third parties who may be injured or whose property may be damaged as a result of your conduct is required by law.
According to a report from the Ministry of Traffic Transport and Highways’ Transport Research division on road accidents,
- In India, one fatal traffic accident occurs every minute, and 16 people are killed on Indian roads per hour.
- In India, 1214 road accidents occur every day.
- Two-wheelers are responsible for 25% of all traffic fatalities.
- Every day, 20 children under the age of 14 are killed in car accidents across the United States.
- Every day, 377 people perish, the equivalent of a jumbo jet colliding with the ground.
You might want to look into getting insurance to protect yourself financially from such disasters. Consider obtaining vehicle/car insurance coverage to protect yourself financially in the event of an accident. Welfin – an Insurance Agency in Kolkata offers the most cost-effective price and prompt service to satisfy your automobile insurance requirements: - Two-wheeler insurance is available.
- Four-wheeler insurance is available.
- Commercial Vehicles Insurance
Non Health General Insurance
Non-life insurance policies, such as homeowner’s and SME insurance, payout based on the amount of money lost due to a specific financial event. General insurance refers to any type of insurance that isn’t considered life insurance. It’s known as property and casualty insurance in several nations.
Traveler’s Insurance
Covers your financial liability for any losses incurred while traveling within or outside of Indian territory. These scenarios can arise for a variety of causes, both medical and non-medical. For a single journey, the maximum duration is 180 days. The policyholder is authorized to take many trips in a given year. It includes the following topics:- Loss of Baggage
- Loss of Passport
- Hijacking
- Medical
- Emergencies
- Delayed Flights
- Accidental Deaths
- Adventure Sports
Home Insurance
The construction is a labor of love for you. It must be safeguarded. Your belongings are protected by house insurance, and you’ll need a complete package policy to cover everything. It protects against break-ins, theft, or damage to jewelry, fire, and natural catastrophes. Commercial and small business insurance The Commercial Lines of Insurance category includes insurance products that protect your business operations. The following are some examples of insurance coverages available:- Property Insurance
- Engineering Insurance
- Liability Insurance
- Marine Insurance
- Employees Benefit Insurance
- Business Interruption
WEALTH MANAGEMENT SERVICES
Wealth Management services in Kolkata are the highest level of financial planning services. Wealth management includes everything from comprehensive investment management to financial counseling, tax advice, estate planning, and even legal assistance.
The services of a wealth management organization are excellent for high-net-worth clients. Even if you don’t need wealth management right now, your needs will almost certainly change in the future. At some time, you might want to look into money management. Wealth Management services in Kolkata are one of the most advanced sorts of financial advisor services. A wealth advisor often creates a specific investing strategy and plan to assist their clients in managing their assets.
Wealth managers work with the ultra-wealthy and are likely to be conversant with their financial problems, such as avoiding the estate tax. On your behalf, they typically arrange Wealth Management services in Kolkata from several specialists, such as working with an attorney or an accountant.
A wealth manager should be able to assist you with all of your financial planning needs, including dealing with the tax consequences of business income and setting up a donor-advised fund for charitable contributions.
While financial planners and wealth managers may offer similar Wealth Management services in Kolkata, they often do so on an “a la carte” basis. If all you need is assistance figuring out how to meet your retirement income needs, for example, some financial planners will work with you to create a retirement income plan for a fee.
If you require estate planning, specialized tax guidance, or investment advice, it may be worthwhile to seek professional counsel now to safeguard and preserve your assets later.
PORTFOLIO MANAGEMENT SERVICE
Portfolio Management Service in Kolkata (PMS) is a tailored solution for high-net-worth individuals (HNIs) that allows them to have more control over their money while also enhancing their returns. If you have a large sum of money to invest, such as a crore, this service may be advantageous. It is a professional solution designed to meet the financial objectives of various types of investors. The investment alternatives are customized to a specific demographic. Individuals or institutions with a high net worth can be clients.
Portfolio Management Service in Kolkata, in simple terms, assists you in building wealth by professionally managing your investments.
Makes the most informed investment decision possible
Portfolio management is a tool that helps investors choose the right asset portfolio for them. It enables you to make more informed decisions about investment strategies based on your aims and aspirations.
The profits are maximized
The maximization of returns is one of the most important functions of portfolio investment. It provides a well-organized framework for asset evaluation and selection. Investors can make a lot of money with a small investment.
Stops a calamity from happening
Portfolio Management Service in Kolkata helps investors avoid the disaster of taking too many risks. It advises diversifying one’s portfolio rather than investing primarily in one asset class. If an investor puts all of his money into one type of security and it fails, he will lose a lot of money that could have been avoided if he had diversified his money out among a variety of assets.
Keep track of how far you’ve come
Portfolio management assists management in keeping track of their investment portfolio’s performance. The aggregated investment of a portfolio can be examined more completely, and any flaws may be found more easily.
Liquidity is kept under check
Portfolio Management Service in Kolkata allows investors to organize their investments methodically. Investors can choose assets so that they can rapidly sell some of them if they need money.
Reduces the possibility of a hazard
Investing in securities is particularly risky due to the volatility of the security market, which increases the chance of losses. By distributing risk among a wide number of persons, portfolio management aids in risk reduction.
Enhances financial knowledge
It aids investors in gaining a better understanding of the financial world. They came across a variety of financial concepts while maintaining their portfolio.
Welfin works with some of the world’s most prestigious companies to develop custom-tailored investing solutions for high-net-worth individuals (HNIs) that provide more flexibility and higher returns. The ticket size starts at 50 lacs and goes up with both Equity and Debt options. Unlike mutual fund managers, PMS managers are directly accountable to their clients, who have the right to raise questions, particularly in the discretionary portfolio.
While many PMS suppliers offer standard portfolios, others tailor investments to their clients. specific needs. Some clients, for example, may like to put a substantial sum of money into a single stock, which is the only way to possess a large stake in a company if it is a good investment.
INCOME TAX FILING SERVICES
Tax laws and regulations are complex and constantly changing. Individual earnings and expenses, as well as business operations and investments, are all subject to taxation. Our Income Tax Filing Services keep you up to date on the ever-changing tax landscape, assure compliance, and develop appropriate solutions to lower tax burdens most effectively and efficiently possible. Our experience is invaluable when it comes to completing taxes, devising tax minimization strategies, drafting financial plans, and effectively transferring estates.
Individual and business income tax preparation
Our tax compliance and filing team collaborates with clients to ensure that all tax reporting obligations, deadlines, and current tax standards are satisfied. We have a full understanding of all applicable rules and regulations for both individuals and corporations to ensure that no penalties are levied. We assist our clients in meeting their reporting obligations, streamlining transactions, and reducing their tax payments to the greatest extent possible.
Tax Preparation Services
We assist our clients in fulfilling their tax requirements. Individuals and organizations can use our Income Tax Filing Services to better understand their income and transactions, as well as their assets and obligations, so they can estimate tax liabilities at the end of the year and take steps to limit tax implications, and avoid unpleasant surprises.
Tax Planning Types
The majority of individuals think of tax planning as a means to lower their tax obligations. However, to meet your financial objectives, you must invest in the correct securities at the right time. The following are some of the numerous tax preparation strategies:
Tax preparation for the short term
It is planned and carried out at the end of the fiscal year. Investors employ this strategy to try to find legal ways to lower their tax burden after the fiscal year. Long-term commitments are not required for this strategy. It does, however, have the potential to save you a significant amount of money in taxes.
Types of Tax Planning
The majority of people think of Income Tax Filing Services as a way to reduce their tax liabilities. To reach your financial goals, however, you must invest in the proper securities at the right time. The following are only a few of the many tax-preparation options:
Tax planning on a short-term basis
At the end of the fiscal year, it is planned and carried out. This approach is used by investors to try to identify legal ways to reduce their tax burden at the end of the fiscal year. This technique does not necessitate long-term commitments. However, it has the potential to save you a lot of money in terms of taxes.
Tax planning with a purpose
Tax-saving instruments are used with a specific objective in mind in purposeful tax planning. This guarantees that you get the most out of your investments. This includes carefully choosing the right investments, putting together a plan to replace assets (if necessary), and diversifying your company and income assets based on your residency status.
Establishing a Business and Choosing an Entity
When starting a business, it’s critical to understand your objectives, potential hazards, and tax regulations. Welfin can help you choose and create the right sort of company for your needs while keeping tax prudence in mind.
Payment of State and Local Taxes
In addition to any federal tax requirements and constraints, we walk you through applicable state and local tax regulations and duties.
Taxation of Wages
Our payroll Income Tax Filing Services assist clients in meeting their federal, state, and local payroll tax reporting obligations. We review payroll data, calculate taxable benefits and deductions, and file all required paperwork.