Personal Finance Print

Your Money: Bridging the gap between women and finance

Several banks offer women savings accounts and credit cards tailored to their needs besides better terms on loans
The SBI SimplyCLICK Credit Card costs Rs 499 per year, but offers 10 times the reward points when you spend on a host of e-commerce websites, including Amazon, BookMyShow, Cleartrip, Lenskart, Netmeds and UrbanClap.

Your Money: Tracing your investment journey — Lessons from the last 12 months

With the lockdown imposed, all economic activities had come to a standstill, except the stock markets. Again this was a new phenomenon. No one in the world had ever seen this and it was new to everyon

Smart Investing: What is your debt fund investment strategy for 2021?

In 2021, debt fund investors must keep a close watch on the interest rate trend and take their investment decision accordingly

Your Queries: Loans – Interest rate will not change if you opted for a fixed rate home loan

Interest rate will be constant only if it was at a fixed rate. Ask your bank specifically as to how much the current interest rate is.

In this case you and other aggrieved parties may have to send legal notice and subsequently apply for legal action against the builder. The PMAY subsidy once availed cannot be applied for again.

Tax Talk: Which is better for you? LTC cash voucher or LTA carry forward option

During 2020, due to the COVID-19 pandemic, such LTC (leave travel concession) related travel was not possible. The government introduced an alternate way to avail this exemption by procuring goods or

Mutual Funds: Should retail investors look at Fund of Funds?

Those who wish to invest in multiple mutual fund schemes can consider investing in FOFs. But hold on to your investments in FoFs for more than three years to reap good returns

Mutual Funds: Why floater funds are showing promise

With interest rates expected to go up, investors are flocking to floater funds. But keep in mind the credit risk

Floating rate funds invest in AAA-rated instruments.

Tax Talk: Investing in EPF & Ulips? Take note of I-T changes

Budget 2021 has proposed a monetary limit on income tax exemption allowed on investments made in EPF or Ulips.

However, in Budget 2021 the government has proposed to impose a monetary limit on income tax exemption allowed in respect of investments made by individual taxpayers in EPF or Ulips.

Insurance firms adapt to challenges posed by Covid: Irdai chief

The regulator is of the view that insurance companies should be involved with policyholders throughout the policy and not just at the time of selling policies and making claim payments.

Khuntia was speaking at the National Insurance Academy and Swiss Re seminar on `Navigating uncertainty: Insight Driven Innovation'.

Your Money: Four money tips for working women

Good financial planning is an important skill-set to be inculcated by women and implemented all their lives

Retirement benefits should not be used for spending but should be invested for lifetime.

Life insurance: We need insurance agents in the digital era

In life insurance, one-on-one interaction is still an integral part of the sales process even for term assurance and guaranteed return plans

AI and Machine Learning (ML) enabled Retention Analytics can help insurers in getting many warning signals before policies actually lapse or get surrendered.

ESIC subscriber base up in December

According to data released by the National Statistical Office (NSO), the total “number of newly registered employees & paying contribution during the month” with the ESIC in December was 12,06,734

December also saw the highest number of female workers (2,02,769) joining with the ESIC scheme so far in the current fiscal.

Bajaj Allianz Life Insurance launches post-retirement fund guarantee plan

Bajaj Allianz Life Insurance on Wednesday launched an insurance plan offering a guaranteed regular deferred annuity during the post-retirement life.

insurance

Your Income Tax Queries: Which ITR form should I file to claim TDS deducted from NRO account?

Non-residents with no income from business to show India salary in ITR2

In the absence of facts, we shall not be able to guide you as to the inclusion of the amount of refund in the pre-filled form.

Our Money: Overcoming the challenges in the health insurance sector

Digital health is here to stay as we are likely to see a rise in telemedicine and online video consult services along with remote chronic care management. These services are expected to become a part

Life insurance: Five reasons to buy a term plan at a young age

Buying a term life plan at a young age lays a strong financial foundation that not just helps you in achieving your life goals in time but also protects against uncertainties in life

Initial Public Offerings: How to find the right IPO to invest in

For every high-profile IPO which provides significant gain on its day of listing, there are many newbie shares that disappoint investors as the long-term performance of IPOs is underwhelming

How insurance aggregators can convert enquiries into actual sales

The web aggregators offer price comparison, claim settlement ratio and broad features but are silent on issues which may call for one-to-one discussion or explanation.

Home Loan: No pre-payment charges on closure; can clear your loan at one go

If you can earn a better rate on the surplus than what you are paying on the car loan, you should go ahead and invest. I assume you have a time horizon of fewer than five years as part of the loan is

In this case you and other aggrieved parties may have to send legal notice and subsequently apply for legal action against the builder. The PMAY subsidy once availed cannot be applied for again.

Smart investing: Time to rebalance your investment portfolio

In the current scenario, multi-asset funds of mutual funds can be a good option for asset allocation mix

So, given the elevated index levels and stretched valuations investors should look at ways to protect the downside to their portfolio in case of any short-term market correction.

Looking for motor insurance? Know what type of policy you need

A comprehensive motor insurance policy covers you for both third-party damages and own damages

There are a number of motor insurance plans available in the market for customers to choose from.

Insurance sector: Rural India needs insurance in sachet form

From being a push product, insurance is now a nudge product due to rising uncertainities in the time of Covid but affordability is a big issue

India is among the least insured countries and as of 2019, the density of non-life (which includes health) insurance in the country was a mere 19%, and the biggest reason for this is the lack of trust.

Your Money: Know the determinants of growth rate?

Growth rate is an important input in the processes of valuing a stock

The fundamental growth rate in EPS is the output obtained by multiplying the return on equity (ROE) with the retention rate.

ESIC to cover beneficiaries’ costs at empanelled hospitals in areas lacking its own facilities

For getting cashless outpatient department (OPD) services from such empanelled hospitals, the beneficiary has to carry the ESI e-pehchan card or health passbook along with Aadhaar or any government-is

As of March 2018, ESIC had around 13 crore beneficiaries eligible to avail ESI benefits.
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