Personal Finance Print

Your Money: Invest your surplus money to create wealth for the long term

Lumpsum investing can prove to be quite useful, especially if you are not sure of being able to make monthly SIP payments consistently for the long term
Before starting a SIP, an investor must consider his future earning potential.

Loans: Don’t wait for SC verdict, pay off moratorium dues as soon as you can

Irrespective of the verdict from the Supreme Court, from the financial cost point of view, it would be better to pay off the full/part of the EMIs overdue.

The principal is anyways payable by you, so go ahead with as much as you can pay.

Life insurance: How to calculate returns on insurance policies

Calculating the present value of all negative and positive cash flows in an insurance plan can reveal the actual returns on your insurance policy

When you pay an amount or a premium, it represents a negative cash flow (outflow) while calculating the IRR.

Your Money: What makes investors chase certain stocks?

Advisors and investors are not judged by the quality of their decisions but by their investment outcomes.

Saral Jeevan Bima: How this new product will make life insurance simple

Saral Jeevan Bima will be offered by all insurers as a standard individual term life insurance policy but the price may vary

ESIC extends deadline till June 30 next year for workers to avail the unemployment benefit

Under the scheme, unemployment benefit is paid to the workers covered under ESI Scheme. The benefit under the scheme can now be availed till June 30, 2021.

It is also launching an awareness programme to help the workers in distress.

Irdai asks life insurers to launch Saral Jeevan Bima from January 1

However, insurers have the option of offering sum assured beyond Rs 25 lakh under Saral Jeevan Bima with all other terms and conditions remaining the same.

The minimum sum assured will be Rs 5 lakh and the maximum sum assured would be Rs 25 lakh.

PFRDA to roll out pension scheme offering minimum assured returns to subscribers in FY22

However, FY21 is going to be a challenging year due to Covid-induced fall in equity and debt market. In aggregate, 80% of the NPS corpus is invested in debt (G-secs and corporate bonds) and 20% in equ

Health insurance: Now renew Corona Kavach & Rakshak policies

For Corona Kavach individual policies, insurers can offer migration to any other indemnity based health plan

Corona Rakshak is a fixed benefit policy which gives lumpsum benefit of 100% of the sum insured if the policyholder tests positive for Covid-19 and requires hospitalisation.

Mutual funds: How DIY investors should select funds

Choose funds based on consistent performance across market cycles and not just a single period. Complement this with qualitative analysis which will give insights into how a scheme is likely to perfor

However, these could at best be starting points for the analysis of mutual funds.

Irdai allows renewal, portability of Covid-specific products

At the time of launch, it was specified that lifelong renewability, migration and portability are not applicable to these products.

The regulator has also said during the renewal, sum insured may be allowed to be changed by the policyholder.

Non-life insurance industry’s gross direct premiums clock 4.41% fall

Market participants are of the opinion that in the last few months, premiums in health insurance have increased for the whole industry.

insurance sector, IFSCA, GIFT IFSCA, economic growth

Your Money: Plan a special festive fund and keep an eye on deals

Plan your expenses based on your budget, like if you want to buy an Ultra High Definition TV or a smartphone, try to find out which particular model would fit your budget and if there are any discount

The festive season is also the time when most retail stores and e-commerce websites come up with shopping deals.

Your Queries: Loans| You may not be able to close car loan before one year

As far as all of the residents coming together to complete the construction is concerned, it is a good idea to make use of your sunk funds.

I hope you have sought legal recourse to recover your money from the builder.

Your Queries: Stayed abroad for 182 days or more? Then no tax on overseas income

Only a resident is taxed for his global income in India. An individual shall be deemed to be resident in India during a financial year if he stays in India during that year for 182 days or more.

Salary income earned abroad shall not be taxed.

Diversifying Your Investments: Have you thought of investing in commodities?

If your portfolio is focused only on shares and bonds, investing in commodities offers you a way to hedge against portfolio risks

Your Money: See volatility in gold prices as an opportunity, not as a risk

That’s because the factors of ultra-low interest rates, soaring deficits and debts, rising inflation and debasement of dollar that caused the bull market in gold, are very much intact.

Life Insurance: Premium collections grow 6.1% in September

Private insurers reported APE growth of 13.1%, whereas LIC posted a marginal decline of 1.4%

Mutual Funds: Should you invest in a new fund offer?

Consider investing in an NFO only if it will invest in an entirely new category or sector or geography, thus offering an unique opportunity to invest that does not exist in current products

New business premiums for life insurers witness 26% growth in September

The individual single premium category is witnessing huge interest from investors, industry players said

LIC saw a fall in its new business premium at Rs 88,018.01 crore in this fiscal, against Rs 89,980.22 crore in the previous financial year.

Equity MFs see Rs 734-cr net outflows in September

Inflows into systematic investments plans (SIPs) remained flat in September compared to August. Inflows through SIP stood at Rs 7,788.37 crore in September, compared to Rs 7,791.63 crore in August.

In September, the multi-cap category saw highest net outflows of Rs 1,143.86 crore in open-ended equity-oriented schemes.

Your Money: Investment strategies for different life stages

Financial planning for retirement has to start right at the young earner stage, since longer the tenure of investment, the larger will be the corpus after retirement

small-cap stocks, investment

PMJJBY: A protection plan for the poor

Adding critical illness and disablement benefits can make the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) a more popular and comprehensive protection plan

Commercial insurers have brought some useful micro insurance products but these are not sold too enthusiastically by all, due to a variety of reasons.

General insurance companies received over Rs 5,400-crore Covid claims

Players in the general insurance industry say that if claims continue to rise than the loss ratio in the health portfolio could increase by 8-10% only due to the ongoing pandemic.

Insurers have settled 2.17 lakh claims amounting to Rs 2,175 crore as on October 5.
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