Saikat Neogi

Life Insurance: Surrender and annuity norms made customer-friendly

The regulator has made some changes to insurance pension products on the lines of the National Pension System. All individual pension products will have explicitly defined assured benefit payable on death and vesting.

Money News

Motor insurance: Now buy standalone own damage cover

Policyholders will have the option to renew the own damage component of a bundled cover on or after September 1, with the same insurer or different insurer, on an annual basis.

Motor insurance, car insurance, standalone damage, Insurance Regulatory and Development Authority of India, Irdai, money, insurance news, policy holder, Motor Vehicles Act, News

Mutual Funds: Now invest in CPSE ETF to save tax under Section 80C

Experts say with tax benefits like ELSS, CPSE ETFs will be attractive for individual investors for creating long-term wealth.

tax for super rich, China, US,  South Africa , individual tax rate, Nirmala Sitharaman, budget 2019, ITR, Income Tax, Budget 2019, electricity consume, electricity bill, foreign trip, bank statement, cash transaction, income tax return, income tax calculation after budget announcements, Income Tax Calculator, Income Tax Calculator 2019, Budget Income Tax Calculator News

Budget 2019: How govt plans to make tax evasion tough with pre-filled ITR

Union Budget 2019: The government has taken this a step further by providing pre-populated tax forms to taxpayers with information from their Form 26AS, financial transactions and government bodies such as banks and EPFO link

Union Budget 2019 India, Budget 2019-20, itr filing, income tax return filing, income tax efiling, itr filing 2018 News

Budget 2019: Will government reduce your tax burden?

Union Budget 2019 India: While the tax rate for lower income bracket has been reduced, the top tax rate of 30% kicks in too early

Budget 2019 News

Fix gold bond scheme to save precious forex

While gold is fully liquid, buyers can redeem the bond with the government only after five years; they can sell the bond in the secondary market, but that hardly exists.

gold, gold bond, gold prices, gold bond scheme, commodities News

Investor alert! Some lessons from current crisis in debt funds

The spate of defaults and rating downgrades has made it clear about credit risk in debt mutual funds. Investors should not invest in funds that have high exposure to companies having a large leverage.

Around 160 debt mutual fund schemes had exposure to the debt papers of DHFL worth Rs 5,236 crore as on April 30, 2019. (Illustration: Rohnit Phore) News

Attention depositors! Bank FD interest rates may be cut

Following the repo rate cut, depositors may be hit with falling FD rates. Individuals should lock-in at current fixed deposit rates before banks start reducing the rates

Reserve Bank of India, Bank FD interest rate, Monetary Policy Committee, Kotak Institutional Equities, fixed deposit rates, CARE Ratings, DHFL News

Motor insurance: Third-party cover gets costlier; new rates come into effect from June 16

The new rates come into effect from June 16. However, premium for long-term cover remains unchanged

Motor insurance, Irdai, Bajaj Allianz General Insurance, Electric vehicles, long term premiums News

Income tax: Senior citizens to get higher TDS exemption on interest income

Senior citizens with a taxable income of up to Rs 5 lakh can now seek exemption from TDS by banks and post offices on interest they earn on their deposits.

income tax, senior citizens, tds, exemption, tds News

Modi 2.0: Markets see continuity in policies; Here’s what you need to do now

With a majority government at the Centre, investors may increase their equity exposure in a phased manner.

Money News

Good News! Health insurance plans likely to have fewer exclusions

Health insurance policies will have less exclusions as the insurance regulator has come out with a draft exposure to rationalise and standardise the exclusions in health insurance contracts.

Insurance News

Motor insurance: Get ready for hike in third-party premium

For private cars, the proposed increase is around 15% for engine capacity up to 1500 cc and for two-wheelers, the hike is 4 to 21%.

Third party car insurance, Third party motor insurance, car insurance, TP car insurance, car insurance premium, TP, OD, long term car insurance, News

Covered by group insurance? You still need an individual health plan

If you are relying on your group health insurance and plan to buy a cover after retirement, it will not only be expensive but insurers may reject your case on medical grounds

A group health plan offers healthcare coverage to the employee, spouse, dependent parents and dependent children up to a certain age. (Illustration: Shyam Kumar Prasad) News

SIP holds steady, arbitrage funds gain in volatile equity markets

While net equity inflows in MFs have hit a 31-month low in April, retail investors have stayed steady with SIPs and risk-taking investors are preferring arbitrage funds.

Money News

How to pick up the right home insurance policy

Even a Lloyd’s Underinsurance Report last year had estimated that India has the second-largest global underinsurance. In the last two decades, India suffered losses of $80 billion, according to a report by the United Nation

Insurance News

Turmoil in debt market: Tread with caution while investing in mutual funds

Analysts say if an individual is planning to invest in debt mutual funds, then he should do in those funds where the fund manager is not just chasing returns by taking higher credit risk.

debt mutual funds, risk,investor, IL&FS, debt, Credit risk,Interest rate risk News

National Pension System looks to fintech apps for improved services

PFRDA has constituted a group to identify areas under NPS which can utilise fintech through a regulatory sandbox approach

National Pension System, fintech apps, PFRDA, KYC norms, Blockchain technology, pension funds, artificial intelligence News

In this season of flight cancellations, remember to buy travel insurance

In case of cancelled flights or delay, a valid travel insurance will enable the passenger to get compensation like refunds for flight tickets and accommodation

In case of cancelled flights or delay, a valid travel insurance can help the passenger. (Illustration: SHYAM Kumar Prasad) News

Steps that will make your insurance claim hassle-free

Policyholders can track the status of their claims at various stages of processing and may even receive claims payout in installments for personal accident and benefit-based health insurance covers.

Money News

Why arbitrage funds are popular with high risk-taking mutual fund investors

Before the new norms came into place from April 1 this year, only securities beyond 60 days were subjected to MTM and most liquid fund portfolios were immune to small yield changes.

Money News

Post office deposits still offer higher returns than other small savings schemes

The tenure of the deposit is 21 years from the date of opening of the account. Maximum period up to which deposits can be made is 15 years from the date of opening of the account.

Money News

National Pension System: Online contributions to get smoother

Points of presence (PoP) using services of aggregators or payment gateways such as SBI ePay or BillDesk for processing NPS contributions will now have to display the fees and settlement time for transactions on their websites

National Pension Scheme, PFRDA, NPS contributions, SBI ePay, BillDesk, pension fund, NPS account News

Employees stock option plans are the most-preferred incentive plan

In corporate India, ESOPs are offered as incentives or rewards by employers to their employees.

Money News

Investing in NCDs? Here are some tips for better returns

In NCDs, the investor's exposure is to a single company and any default may wipe out the entire capital invested. As NCDs are not liquid, is not easy to sell the bonds even in the secondary market as trading remains very thin

Non-convertible debentures: Are you looking at NCDs to earn higher returns? (Illustration: SHYAM Kumar Prasad) News

Don’t exit equity investments in a tough year: Sanctum Wealth Management CIO INTERVIEW

The macro-economic scenario has improved considerably since last year, he said.

equity investment, retail investment, retail investors News

How to revive dormant PPF, Sukanya Samriddhi accounts

Here are the various rules investors should follow if any of their small savings accounts like PPF and Sukanya Samriddhi accounts become dormant.

Money News