Personal Finance Print

Why index funds are perfect for retail investors

It is a diversified transparent investment with low cost and easy to track by just looking at the index of the country.

It has the long-term benefits of wealth creation, dividend income, tax benefits on capital appreciation and liquidity.

Religare Health Insurance rebranded as Care Health Insurance

Data from Insurance Regulatory and Development Authority of India (Irdai) shows that Religare Health Insurance has seen first year premium at Rs 713.12 crore in the current financial year till July.

However, no timeline was announced regarding the initial public offer (IPO).

Income Tax: Salary plus capital gains? File ITR-2 and get standard deduction

Intra-day trading of shares is in the nature of speculative business income and you shall be required to file ITR 3. Income from STCG/ LTCG may also be reported in the same form.

Fixed Income: Select your debt fund investments carefully

Invest in top quality instruments in the debt market such as Government of India bonds, AAA rated blue-chip companies and PSU bonds to preserve your capital.

Insurance: How digital health records can help insurers as well as the insured

No insurance scheme can remain sustainable by making some people subsidise the premiums payable by the people with some major ailments (or history of major ailments). That affects the health of the in

SIP vs lump sum mutual fund investment: Know which works best and when

Understanding the pros and cons of SIP and lump sum investment strategies at different market cycles can help optimise returns.

Life Insurance: You can buy online term plan to save premium cost

As insurance companies are tweaking their product strategies, customers should opt for online term plans which are 20 to 30% cheaper than offline ones.

National Pension System: NPS likely to cross AUM of Rs 5 lakh crore by September

The report revealed that the Indian index value increased from 44.6 in 2018 to 45.8 in 2019 due to small increases in each sub-index.

Why engine protector add-on cover is essential in motor insurance

While a comprehensive motor insurance policy covers any damage to the interior of the vehicle, an engine protector add-on covers explicitly the components of the engine.

Irdai asks insurers to launch more Covid-focused products

Corona Rakshak is a fixed benefit plan in which if policyholder is diagnosed with Covid-19 and hospitalised for three days, then a fixed amount (which is sum insured), will be paid by the insurance co

Embedded Value: Time for no-frills policies, online purchase

The pandemic has upset many age-old assumptions about financial security and has put the focus on preparedness to tackle the worst. Now all these need to be offered without massive paperwork that insu

Digital kept us alive during lockdown: Bajaj Allianz MD & CEO

Customers are reluctant to meet sales agents and are increasingly preferring virtual meeting with the sales executive, but this is cumbersome as life insurance is not an easy product to understand and

You can lose PMAY subsidy if you balance transfer loan or prepay

My suggestion is that you accumulate this Rs 10,000 per month in a bank Recurring Deposit (RD) or a liquid scheme of a mutual fund.

Supreme Court EMI moratorium, RBI EMI moratorium scheme, credit score, loans, home loan, personal loan, EMIs, COVID, announcement

YOUR MONEY: Behavioural pitfalls every investor must guard against

Often, realisation dawns much later that these were bad calls. If only one could hold one’s nerves and not sell unduly for fear of losses! Being aware of loss aversion bias may help you take a more

The investor, nay, her temperament, is an equally important input to the final investment outcome.

FIXED INCOME: Key things to know before you invest in bonds

As bonds are long-term investments, the maturity value is realised only if they are held until maturity

The other type of risk associated with bonds is interest rate risk.

Insurance traditionally lags in terms of tech adoption

InsurTech complements the insurance industry using technology. It has been innovating at a faster pace compared to other tech spaces.

Sumit Sood, senior vice-president & head of Apac, GlobalLogic,

Stock Market Investment: Should investors bet on beaten down stocks?

Beaten down stocks have different risk-reward characteristics compared to trending stocks and have the potential to provide a good rate of return and beat benchmark indices

During the same time, BSE Small-Cap index recovered 56%and Mid-Cap index by 48%.

Fixed Deposits: Know how tax-saver fixed deposits work    

Before you start investing in a tax-saver fixed deposit, it would be better to know its features and key benefits.

All resident individuals and Hindu Undivided Families (HUFs) are allowed to invest in the tax-saver FDs.

Income Tax: Income from futures and options is business income if trading is regular

The nature of compensation received by you is not clear from the facts stated. Life insurance compensation is exempt from tax.

Fixed Income: Safe investment avenues for retirees

Senior citizens can invest in Pradhan Mantri Vaya Vandana Yojana and Senior Citizen Savings Scheme for steady income.

Your Money: How to choose a winning portfolio of stocks

The universe of equity investment can safely be narrowed down to just 30 stocks in case of Sensex or 50 in case of Nifty 50

Motor insurance: Taking steps to prevent and minimise loss

Irdai suggests non-profit body for mapping major accident spots, using telematics to assess risky behaviour and standardising vehicle repair cost.

The Insurance Information Bureau of India (IIBI) has been providing claims search functionality with wide usage among industry, with hits crossing the one-crore mark in FY20 helping in substantial savings for the industry.

General Insurance: Premium growth up 7% in July; retail health leads

Investment by health insurers in digital renewal of policies pays off

The overall muted environment for new auto sales continues to put pressure on motor premiums.

Faceless assessment: CBDT top brass assures taxmen of no disruption

Sources said the I-T department officials were given a detailed presentation in the online meeting on faceless assessment and taxpayers’ charter and their proposed implementation.

Covid-19 specific health insurance policies see good demand

The regulator had allowed insurance companies to come out with Corona Kavach, which is an indemnity plan and will cover all the hospitalisation expenses.

Cash-rich ESIC asked to set up more hospitals, make its facilities available to public

Given ESIC's Rs 80,000-crore reserve funds, it is also being nudged to build more modern hospitals across the country and provide cashless healthcare services to attract people with health insurance c

ESIC is tasked with giving insurance cover and free medical care to those earning monthly wages of up to Rs 21,000.

Your Money: Filing claim for Covid-19 treatment? Know the rules

If you already have an adequate health insurance plan that covers treatment for Covid-19, then you don’t have to invest in corona-specific health insurance plans.

However, if your choice of hospital is not listed with the insurer, you would be required to pay the bills yourself.
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