PERSONAL FINANCE


Moneylife Digital Team 01 June 2021
The Madras High Court (HC) has ruled that the wife is not entitled for a share in the insured money, if her deceased husband did not contribute towards the premium payment.   In a recent ruling, Justice S Vaidyanathan passed interim order on a petition from G Asha, wife of Ganesh Raja...

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The State Bank of India (SBI) has increased the cash withdrawal limits through cheques and withdrawal forms for its customers at non-home branches.   "To support our customers in this pandemic, SBI has increased the non-home cash withdrawal limits through cheque and withdrawal form,"...

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Yes, you could say that I had become T’s firm favourite, his black-eyed boy (sorry, my eyes are not blue).    I spent hours daily in his office. He would seek, and usually follow, my advice. He referred to me as ‘my boy’ or ‘my lad’ in public, and everyone wondered how I had not only...

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At a time of low interest rates and rising inflation, it is natural for money to seek higher returns. Every asset class has its own risks and some may have liquidity issues as well. We need to understand these risks and assess our risk appetite in money terms before venturing into new...

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The prestigious Joint Entrance Examination (JEE) Advanced 2021 test has been postponed in view of the coronavirus situation in the country.   Since the JEE Mains examination could not be held at the scheduled time (May 24-28), so the JEE Advanced examination, which was going...

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This is a big question – and a very important one, and becoming more important with every passing year. The question applies to individuals, to companies, and even to nations. It was mentioned in an article earlier, that a 2015 survey had found that China, Indonesia and India were rated as...

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Moneylife Digital Team 24 May 2021
Max Bupa Health Insurance has launched a new health insurance plan for senior citizens. The Max Bupa Senior First policy comes with no sub-limits for common health conditions, health check-up, no claim bonus, ‘ReAssure’ benefit and more. Let us find out whether it is worth it or...

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Moneylife Digital Team 22 May 2021
A couple of years back we heard this tragic story about a well-off, retired couple. Mrs Iyer was diagnosed with stage IV cancer and passed away soon after. A year later, Mr Iyer was diagnosed with Alzheimer’s disease. Friends and extended family rallied around, wanting to help but were...

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In my 50 years of industry experience, I learnt, like many others, that a good manager is, or should be, a good listener and a good observer. Some managers are either one or the other.    Many managers are neither–and this is a great pity. Being good listeners and good observers would...

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In case of financial emergencies, your first instinct may be to liquidate investments like fixed deposits. However, by doing so, you will be compromising on your investment goals. Typically, with liquidity in mind, you can also think of availing of a gold loan, to raise a hefty sum quickly....

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Retired persons looking to use their pension fund money for meeting family emergencies or for making investments into better return yielding instruments would soon be permitted withdraw their entire lifetime contributions.   Sources in the government said that pension regulator,...

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Mahesh works in the airline industry. In March 2020, when the Government announced a nationwide lockdown, all the airlines were grounded, and the cash inflows of Mahesh’s company dried up. The company delayed staff salaries for a couple of months. Mahesh was in a fix. His organisation was not...

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Yes, T took delight in terminating people, and would never miss a chance to wield the chopper. But not always.   There was one occasion when T did not terminate a deserving candidate. Hold on – it was not because he had a change of heart, took pity on the victim, went soft, or...

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COVID’s virulent second wave has had a horrific impact on ‘people like us’ who believed that our social standing, savings and insurance would get us adequate healthcare and protection in a crisis.   The virus has shown us the deadly reality. Entire families have been wiped out; young...

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Moneylife Digital Team 12 May 2021
Many insurers have been refusing to renew Corona Kavach and Corona Rakshak insurance policies (the special COVID-19 policies) launched in 2020 to provide a cover for hospital treatment. Taking a serious note of the refusals by insurers, the Insurance Regulatory and Development Authority of...

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Jenny Deam (ProPublica) 11 May 2021
Since the Trump administration deregulated the health insurance industry, there’s been an explosion of short-term plans that leave patients with surprise bills and providers with huge revenue.   In the spring of 2019, Cory Dowd suddenly found himself without health insurance for the...

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With complaints of life and non-life insurers not selling or renewing standard coronavirus specific health insurance policies Corona Kavach and Corona Rakshak, the Insurance Regulatory and Development Authority of India (IRDAI) has advised the former not to deny the risk cover.   In a...

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Moneylife Digital Team 08 May 2021
We save and invest in the hope of providing a better life for ourselves and our loved ones. But death is inevitable. So what happens to our mutual fund (MF) units when we die?   Transmission of MF units is a process whereby units held in the name of deceased unit-holder are...

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Life Insurance Corporation of India (LIC) has given several relaxations in various claim settlement requirements to make the processes easier and hassle-free, keeping in view the safety of its customers amid the pandemic.   The state-run insurer said that to facilitate speedy...

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Moneylife Digital Team 07 May 2021
Death in a family is an unsurmountable loss to family members and it takes a lot of time to come to terms with it. We have observed that accessing fixed deposits (FD) of the deceased person often becomes a long drawn, stressful process for legal heirs even as they grapple with their grief....

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