Insurance
Regulation: Customer Bank Account Needed To Buy Insurance

Will the move to require bank account details for policies impact LIC’s business?

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Fine Print

Treatment at Non-covered Hospital Now a Non-issue  
If you are covered under a government...

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Safe Money

Liquid and Ultra-Short-Term (UST) mutual fund schemes have given average returns of over 9% in 2013-14. The average of the top five liquid and UST schemes in the past five years comes to

around 8% annually. While experts recommend these schemes only for the short term, we examine whether it really makes sense to remain invested for over one year, to reap the benefit of indexation. Missing the tax benefit is like missing the main advantage of investing in these schemes. We explode some of the myths that no one has dared to. Our argument is supported with data that demonstrates that traditionally accepted arguments may not hold in every case. What benefits you is more important than what helps mutual fund companies and in our Cover Story we debunk the myths so that your investments stay safe, growing in line with rational expectations, and with an eye on tax savings.

On the subject of mutual funds, monthly income plans (MIPs) are promoted by fund houses as a regular income product which can derive advantage from investment in equities to generate higher returns. We have always held that MIP is a flawed product. Over the past year, when the market has rallied substantially, how have MIPs fared? Turn to our Fund Pointer section to find out.

In her Crosshairs section, Sucheta writes on the initiatives taken by the Narendra Modi government. The new government has the tough task of meeting sky-high public expectations with very little maneuverability. The new government has set up a special investigation team to track black money. The government has also taken up the much-needed tax and law reforms. With these efforts, the prime minister is set to deliver on his election promise of good governance and rule of law. Failing to act decisively will irreparably damage the ruling party’s credibility.  
Facing consumer issues? Moneylife Foundation is planning an exclusive event on 21st June on how cases can be presented in consumer courts. For more details, and to register for the event, visit foundation.moneylife.in

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