Life insurers’ new business premium up 47% to Rs 20,428 crore in July

The new premium of life insurance companies increased by 47.4 per cent to Rs 20,427.68 crore in July, data from sector regulator Irdai shows.

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Independence Day 2017: 10 smart ways to get freedom from debt

A prudent saving and investing strategy is essential for securing your financial future.

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General insurance companies register 9% growth in July

Compared to the first three months of the current financial year, when the growth was in double digits, sales slowed down in July largely due to negative growth in three large public sector insurers.

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Income from delivery-based share trading is business profit

The profit from sale of shares where deliveries have been effected shall be in the nature of non-speculative business income if shares are held as stock-in-trade.

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Children’s education: How to save for a better future for your child

As a responsible parent, you would not like to compromise on your child’s career, regardless of the rising cost of education. You need a well-developed investment plan that will allow you to meet al

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Insurance policy: Here is how you are now protected even more

Irdai has ordered insurance companies to mention important policy conditions like guaranteed surrender value, types of bonuses to be declared, details of revival schemes in the policy document itself.

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EPFO has received Aadhaar details of 1.8 cr members: Official

As many as 1.8 crore of the over 4.5 crore members have submitted their Aadhar details to the Employees' Provident Fund Organisation (EPFO) so far.

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Inflows from small towns push MF assets to sniff at Rs 20 trillion

Led by an over 41 per cent surge in inflows from small towns or the B15 cities, assets under management (AUM) of the mutual fund industry rose 30.35 per cent to Rs 19.97 trillion in July, says a repor

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As cyber crimes soar, will banks turn to biometrics to boost clients’ security?

Biometric systems will provide banks with a larger data trail about customer touchpoints and enable them to ensure better resource utilization as well as cater to customers more effectively.

Jaypee Infratech insolvency case: As alarm bells ring, here is what homebuyers should do now

The insolvency proceedings initiated by the National Company Law Tribunal against Jaypee Infratech have left thousands of homebuyers in the lurch. What should you do in such cases?

Mutual Fund Investment: Should you invest in sectoral funds? Find out

Although sectoral funds are considered the riskiest variety of mutual funds, but the lure of extraordinary returns always attracts investors towards them.

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Are gifts from maternal grandparents liable to income tax? Find out

Gifts received by a person from his/her relatives who are lineal ascendants and lineal descendants do not attract income tax, explains Amit Maheshwari.

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Should you file revised Income Tax returns; find out here

Often, many taxpayers file their tax returns just before the July 31 deadline expires. This year, owing to the heavy rush, the deadline was extended till August 5.

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Mid-Year Economic Survey: Pradhan Mantri Jan Dhan Yojna led to a sharp rise in women saving accounts

The government’s flagship financial inclusion programme, Pradhan Mantri Jan Dhan Yojna (PMJDY), has helped double the number of basic savings bank deposit (BSBD) and also led to a steep rise in the

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Aadhaar card link to PAN card: No time-frame fixed to complete linkage, says Jaitley

Finance Minister Arun Jaitley today informed the Lok Sabha that the government has not fixed any time-frame to complete the linking of Aadhaar with PAN.

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Automatic Transfer of PF Account: 4 ways the new system will benefit EPF subscribers

EPFO is planning to introduce a system whereby an employee's PF account will automatically be transferred in case he changes his job. Here's how this system will benefit EPF subscribers.

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Switching job? Your PF account will be automatically transferred from next month

From next month your PF account will be automatically transferred to your new employer whenever you switch your job.

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Lower interest rates for home loan: Acche Din for existing borrowers? No chance!

While almost the entire nation tends to benefit from the rate cuts by the RBI, the case is entirely different for the existing borrowers of home loans.

Banks say they are unable to lower their rates as their cost of funds is still high. If that is the case, then how are they able to reduce the rates for new borrowers?

IRDAI to announce fresh regulations for brokers

Insurance regulator Irdai is likely to come out with its final regulations for insurance brokers in its board meeting scheduled on August 28.

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Telematics, safe driving may help you pay less motor insurance premium soon; here’s how

If you drive your car carefully, do not drive during peak traffic hours or drive for a shorter duration, chances are that your motor insurance premium may cost you less.

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Mutual fund equity inflows at historic high

July was a historic month for Indian equities with total equity inflows (equity, equity-linked savings schemes and equity component of balanced funds) into domestic mutual funds rising to an all-time

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Amazon Flipkart offers on Independence Day 2017: Here’s what you need to watch out for

Independence Day online sales are here again. While some of the deals at never-seen-before prices may seem really exciting, some precautions are required while going in for such offers.

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Secured Loan vs Unsecured Loan: Here’s all you need to know

While in secured loans collaterals are pledged, unsecured loans are those which are given on the basis of borrower's creditworthiness.

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Financial Mistakes: 10 common money mistakes which may derail your financial future

Financial mistakes have the power of derailing our financial future. Here is a look at some of the more frequent financial mistakes and how to avoid them.

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Racing Car Insurance: Why do you need insurance for race vehicles?

Realising the increasing interest in motorsport, several companies have started providing insurance cover to both racing vehicles and their riders taking part in races or any other off-road events.

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Housing Project Delays: Why they occur and what you can do to counter them

Housing project delays have become a routine affair in India. Here's why they occur and what you can do to counter them.

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Mutual Fund equity interest hits record high in July: Report

Total equity inflows into domestic mutual funds rose to all time high of Rs 18,200 crore in July, indicating the 'financialisation' of savings cycle in India, says a Deutsche Bank report.

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