PERSONAL FINANCE


Buying a life insurance plan for the family can be a daunting task for anyone. While there are many advantages, there are also many options to choose from. Life or health insurance plans come with their own set of benefits that can differ from each insurance provider, but all of them offer a...

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Amitabha Banerjee Amitabha Banerjee 23 July 2021
The British Raj had ended nearly three decades ago, but Douglas Kenneth Archibald White had kept the Imperial torch burning. He was the manager of our Delhi branch, where profit was not of much importance, but “pucca”ness was.     The previous year the branch had indeed reported a...

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A motor insurance policy is a crucial policy that covers your vehicle against loss or damage caused due to natural or man-made disasters. In India, the Motor Insurance Act, 1988 mandates a vehicle owner to purchase a third-party insurance policy before taking their vehicles on road. While it...

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Moneylife Digital Team 21 July 2021
HDFC Ergo has launched a new health insurance product Optima Secure with exciting new features. The policy doubles your base sum insured cover when you buy, offers bonus 50% of base cover at renewal and even covers the cost of consumables. Let us find out if it is worth the...

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A good CIBIL score can pave the way for easy and fast credit, whether you need funds for urgent expenses or to meet your life’s goals. While your CIBIL score isn’t the only aspect of your application or profile that is assessed by lenders, it is certainly an important one. While the score...

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Moneylife Digital Team 16 July 2021
India’s largest state-run lender State Bank of India (SBI) has issued a warning about ‘phishing links’ to its customers. SBI has alerted its customers not to click on links containing ‘gift from the national bank’ and ‘freebies’ if received on their mobile number or email ID. SBI disclosed...

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Moneylife Digital Team 16 July 2021
SBI General Insurance has launched a new comprehensive health insurance policy called Arogya Supreme. The policy offers a wide variety of benefits that are designed to provide for your medical emergencies and needs.   We will look into the features of the policy and find out whether...

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There are times in life, when it pays to pretend ignorance. When you pretend to know not – but you do know!  Especially when it comes to managing your boss – whether in the world of commerce or in politics.   Here are nine basic rules which have always helped people to survive and to...

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Moneylife Digital Team 09 July 2021
Premium charged toward health insurance plans rose during the quarter ended 30 June 2021, according to the health insurance price index report by PolicyX. The report tracks the premium charged by the top-6 health insurance companies in India.   A higher than usual claims experience as...

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Amitabha Banerjee Amitabha Banerjee 09 July 2021
This (final) narrative about T is not one I have witnessed at first hand, unlike all the preceding ones. Nevertheless, I have every reason to believe that it is true.   T got an offer that he just could not refuse, that of the chief executive (CEO) of a major bank in a neighbouring...

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In fresh trouble for the State Bank of India (SBI), hackers of Chinese origin are targeting bank users with phishing scams, asking them to update their KYC using a particular website link and offering free gifts worth Rs 50 lakh from the bank via a WhatsApp message, cybersecurity researchers...

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Moneylife Digital Team 06 July 2021
Close on the heels of revised charges from State Bank of India (SBI), private sector lender ICICI Bank is now rolling out revised limits of cash transactions, ATM interchange and cheque book charges for its savings account holders from next month onwards.    ICICI Bank's portal has...

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Moneylife Digital Team 06 July 2021
The central information commission (CIC) has stayed the order of the first appellate authority (FAA) of the Reserve Bank of India (RBI) for the release of information on non-performing assets (NPAs) and top defaulters of the Saraswat Co-operative Bank Limited. This is the first time a stay...

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The Reserve Bank of India (RBI) has amended the norms as per which unclaimed maturity proceeds of term deposits (TDs) with banks will attract the rate of interest as applicable to savings accounts or the contracted rate of interest on the matured TD, whichever is lower.   As per the...

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Moneylife Digital Team 02 July 2021
Health insurance is a useful product for saving on costs incurred due to hospitalisation and treatment. But it is not easy for everyone to be accepted into the pool of an insurance cover.   A healthy person is likely to face fewer obstacles in buying a health cover compared to someone...

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Edelweiss Group on Friday announced the divestment of its remaining 70 per cent stake in Edelweiss Gallagher Insurance Brokers Ltd (EGIBL) for Rs 307.60 crore.   Gallagher, who previously held 30 per cent in the business, will now be acquiring all the remaining shares, taking its...

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One of the articles that created a great impact on me in my early management years was ‘The judgement of Hermes’ – written by a person I admired greatly from a distance, although I never met him. It was Gaby Mendoza, former chairman of the Asian Institute of Management, Manila, and to my...

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The Supreme Court on Tuesday said it favours in-person Chartered Accountant (CA) exams and refrained from passing any direction to postpone the schedule commencing on July 5.   A bench headed by Justice A.M. Khanwilkar said students with Covid should get opt-out option. The bench...

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HDFC Life Insurance Company Chairman Deepak S. Parekh has suggested that the Insurance Regulatory and Development Authority of India (IRDAI) should allow India's life insurers to evolve further and widen their role.   In his statement to the shareholders in HDFC Life's Annual Report,...

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Moneylife Digital Team 25 June 2021
When it comes to shares or mutual funds or other securities, there are services like depositories that store our investments. This makes it easy to view all financial investments under a single account.    But the same ease of tracking is not readily available for insurance products....

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