PERSONAL FINANCE


IANS 15 February 2024
Enhancing the protection of insurance policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to enhance the free look period to 30 days in the case of life and health insurance policies.   Free look period is the period during which a...

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Moneylife Digital Team 14 February 2024
The income-tax (I-T) department is learnt to have prepared an assessment report on how insurers used a string of intermediaries to pay off extra commission—over and above allowed under regulations—to their agents selling insurance policies, says a report. The I-T department estimates the...

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IANS 12 February 2024
The central board of trustees of the employees' provident fund organisation (EPFO) has recommended an interest rate of 8.25% on Provident Fund deposits for 2023-24.   At present, the interest rate is 8.15%.   “The move is a step towards fulfilling PM Modi’s guarantee of...

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Sponsored Post 12 February 2024
Achieving sustainable growth in business requires more than just a great product or service. It's not just about having a groundbreaking idea or a loyal customer base; it's also about smartly working through the complexities of business finance. From leveraging cutting-edge tools like the...

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The death of a loved one is a universally painful experience. In India, the confusion around transmission of assets renders the process of claiming one’s inheritance even more painful, especially when the deceased is the bread-winner of a family who has not made a Will or been careful about...

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Moneylife Digital Team 09 February 2024
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a draft aimed at regulating retirement homes across the state, aligning with the model guidelines issued by Union ministry of housing and urban affairs (MoHUA) for the development and regulation of retirement homes. This...

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IANS 07 February 2024
Insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI) has approved the capital infusion by Axis Bank into Max Life, subject to the approval of the competition watchdog CCI. (competition commission of India).   The pension fund regulatory and development...

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IANS 07 February 2024
The competition commission of India (CCI) has approved the acquisition of 70% stake in Kotak Mahindra General Insurance Company Limited by the Zurich Insurance Company.   The proposed combination involves the acquisition of a majority stake in the target by the acquirer from Kotak...

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IANS 06 February 2024
India’s retail lending showed moderated growth during the quarter ending September 2023 as financial institutions tightened the supply of credit, especially on consumption-led products like credit cards, consumer durable loans and personal loans.   Credit performance, as measured by...

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IANS 30 January 2024
The government on Monday amended rules granting the women employee the right to nominate their son(s) or daughter(s) for family pension instead of her husband.   Minister of state (independent charge) Jitendra Singh said that the department of pensions and pensioners' welfare (DoP&PW)...

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Sponsored Post 29 January 2024
Your credit score is crucial to determining your eligibility for loans and other financial products. In India, the CIBIL score is a widely recognised metric used by lenders to assess an individual's creditworthiness. In this blog, we'll explore the significance of a strong CIBIL score,...

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There was a lot of media coverage on 30 November 2023, on the death of Charles Munger, the alter ego and foil of Warren Buffett for over 60 years, as they together built Berkshire Hathaway into an empire. Though many of us always heard about Mr Buffett, the name of Mr Munger hardly featured...

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In standard books on the theory of selling, there would be three seemingly innocuous directions, lost in the vast verbiage of a standard text, under the chapter on closing the sale. These are a) never be insulted by a refusal; b) never write off a customer; and c) never give up. It seems so...

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Abhay Datar 11 January 2024
As we all know, there are three categories in insurance, namely, life insurance, medical insurance and general insurance. Though medical insurance is a part of general insurance, it is mentioned distinctly because many aggrieved policyholders seek guidance on life as well as medical...

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“When I grow up, I won’t have children,” said my six-year-old granddaughter. “They are too much work.”   Yes, parenting is a lot more work today than it was 30 years ago. And more expensive, too, in more ways than one. First, of course, the cost.   As far back as 2018, a...

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The usual refrain in many companies today is that most of the unemployed are unemployable. They sometimes have poor technical knowledge (even though they have graduated) and even poorer communication skills and human skills. As I have said in earlier articles—technical, human and...

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IANS 27 December 2023
The University Grants Commission (UGC) has issued a notification warning that students should not enrol in MPhil Degree courses being offered by universities as they are no longer recognised.   The notification comes as the UGC had earlier directed all higher educational institutions...

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Sponsored Post 21 December 2023
In today’s times, health insurance has become a priority. It aims to provide financial protection during medical crises by covering hospitalisation expenses, medical bills and ambulance fees. Though health insurance plans, including family health insurance and health insurance for senior...

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If you have not set values and a design for the kind of life you wish to lead in the corporate world (and outside it), you can end up having very flexible standards. This can even mean no standards at all! As you go up the executive ladder, keep looking around you at the people who have...

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Sparks flew after Narayana Murthy asked the nation’s youth to work 70 hours a week. Though a few industrialists did support Mr Murthy, most of the other opinions were decidedly against the notion.   Now that feelings have been vented, and the dust has settled, it is time to look at...

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