Saikat Neogi

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

Smart investing: Four ways to ride out volatility in the market

While most investment options have lock-ins and limits on withdrawals, barring ELSS, there is no such bar in mutual funds. One can invest, switch, transfer and liquidated funds at any moment.

Money News

Health insurance: Call for plain vanilla product to attract youngsters

The standard product, which will have to be offered by all general and health insurers, will incentivise young policyholders

insurance policyholder, Insurance Ombudsman, IRDAI, insurance companies, grievance News

Income tax hack: Four tax-saving deductions beyond 80C

Section 80C offers a tax deduction of Rs 1.5 lakh for investment in five-year bank/post office deposits, contribution to PPP, EPF, life insurance premiums, investment in ELSS and ULIPs and tuition fees for two children. Howev

Money News

Money matters: Use systematic transfer plans to ride out market volatility

Systematic transfer plans are a smart way to stagger equity investments, reduce short-term risks and gain high returns in the long run

Mutual funds, stock markets, STP, equity scheme, bank fixed deposits News

Budget 2019-20: Bank depositors to gain from rise in TDS threshold

Banks will not deduct TDS from fixed deposits interest income for up to `40,000. However, the interest income will still be taxable as per the slab rate

Budget 2019 News

Exchange Traded Funds: Why ETFs are a good investment bet

For retail investors, ETFs are a low-cost investment option as they have lower operating cost, including the management fees

etf, insurance News

Investment planning: Align tax saving investments with your asset allocation strategy

Lay down your investment goals, the time horizon and anticipated returns from different equity-linked and debt-related investments, then reap the compounding benefits and save tax, too.

Money News

Motor insurance: Have two cars? Take a standalone personal accident cover of Rs 15 lakh

Irdai has relaxed its directive for compulsory personal accident cover for owner-driver under motor insurance policies

Insurance News

National Pension system: Now get tax-free maturity withdrawals; check details here

The government has made the whole 60% of the NPS accumulated corpus tax free, bringing it at par with PPF and EPF, besides raising its contribution to 14% of basic pay and DA for government employees

Budget 2019, Atal Pension Yojana, Pradhan Mantri Shram-Yogi Maandhan, PMSYM,pension plans, Piyush Goyal, National Pension System, NPS, APY News

Home Loans: It just got harder to get a loan from an NBFC

While banks have the same eligibility criteria, it can differ in case of NBFCs. They have different criteria for salaried and professionals and it depends on the income of the borrower and other outstanding liabilities

Money News

LIC needs to strengthen the alternate channels of distribution, says former MD and CEO of LIC of India

First, the distribution effectiveness has to be increased so that insurance penetration improves substantially.

Money News
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