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When there is increasing economic uncertainty, the importance of a comprehensive personal investment plan in Sri Lankacannot be overstated. While many individuals in Sri Lanka and around the world focus on building wealth through various investment vehicles, one crucial aspect of financial planning often goes overlooked: health insurance. The absence of adequate health coverage can have far-reaching consequences, particularly during times of distress. This article explores the financial implications of not having health insur... more

These days financial security is paramount, and retirement planning has become an essential aspect of personal finance. While traditional methods like savings accounts and life insurancepolicies have their place, mutual funds are emerging as a powerful tool for building a robust retirement nest egg.   This is particularly true in countries like Sri Lanka, where retirement plans are evolving to meet the changing needs of the population. As you consider your personal investment plan in Sri Lanka, it is crucial to... more

Life insurance in Sri Lanka is an important aspect of planning for the uncertain future. The amount of life insurance coverage you need is determined by evaluating several factors:Income Replacement: To provide for your family, the coverage should replace your income for a period of time. This often includes multiplying your annual income by a certain number (e.g., 5-10 times your annual salary).Outstanding Debts: Consider the total amount of debts, such as mortgages, car loans, and credit card balances, that you wou... more