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
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.
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
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.
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.
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
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
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.
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.
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
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.
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.
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
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.
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
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
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.
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