PERSONAL FINANCE


Moneylife Digital Team 17 June 2025
Asset reconstruction companies (ARCs) are expected to see a significant uptick in debt recovery from stressed real estate projects this fiscal, with recovery rates poised to rise by 1,600bps (basis points) to 38%, says a note from CRISIL Ratings.   A CRISIL Ratings analysis of around 70...

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Sponsored Post 17 June 2025
Term insurance plans are simple and useful ways to protect your family’s future. If something happens to you, a term plan gives your family a fixed amount of money. This money helps them manage day-to-day life, pay off loans, or cover important costs. It brings peace of mind, knowing your loved...

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Vijay Jadhav (IndiaSpend) 16 June 2025
In a decade to 2023-24, the structure of Indian households’ financial savings has changed. Deposits still hold the lion’s share, but instruments such as stocks, small savings and government bonds, and provident and pension funds have seen a rise in popularity.   Similarly, while banks...

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Moneylife Digital Team 09 June 2025
In a strong critique of persistent problems in India’s microfinance sector, M Rajeshwar Rao, deputy governor of Reserve Bank of India (RBI), says the industry remains trapped in a vicious cycle of over-indebtedness, exorbitant interest rates and coercive recovery practices. Speaking at HSBC’s...

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Moneylife Digital Team 09 June 2025
In a significant consumer protection ruling, the national consumer disputes redressal commission (NCDRC) has directed Reliance General Insurance Company Ltd to pay Rs15 lakh to a Himachal Pradesh woman who lost her husband in a road accident, along with 9% interest per annum (pa), Rs20,000 as...

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Moneylife Digital Team 06 June 2025
India’s top-15 banks earned a staggering Rs21,773 crore in commissions from selling life insurance, mutual funds and other financial products in FY23–24 — much of it by promoting schemes from their own group companies. In the case of Kotak Mahindra Bank, 100% of the life insurance commissions...

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Abhay Datar 06 June 2025
“I have taken a loan from a bank and now cannot repay. Its agents are threatening me.”    “I have taken multiple loans and now I cannot repay any of them.”    “Recovery agents somehow got contact numbers of my friends and relatives and are now spreading the news that I am not paying the...

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Moneylife Digital Team 06 June 2025
The Government of India is preparing to introduce the Banning of Unregulated Lending Activities (BULA) Bill in the upcoming monsoon session of Parliament which begins on 21 July 2025. The proposed legislation aims to clamp down on illegal and predatory lending practices, particularly those...

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The central information commission has issued strict warnings to two central public information officers (CPIOs) of the National Institute of Open Schooling (NIOS) for violating provisions of the RTI Act by denying two students photocopies of their answer sheets.   In both cases, the CPIOs...

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Moneylife Digital Team 03 June 2025
The national consumer disputes redressal commission (NCDRC) has upheld a compensation award of Rs25 lakh and costs against Max Life Insurance Co Ltd, directing the insurer to pay the assured amount along with interest and costs to a Chandrapur-based widow, whose husband’s death insurance claim...

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Moneylife Digital Team 30 May 2025
In a significant judgement, the national consumer disputes redressal commission (NCDRC) has directed ICICI Lombard General Insurance Company Ltd to pay Rs2.99 crore along with interest to a Mumbai-based widow, holding that the insurer had unfairly rejected her claim on technical and ambiguous...

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Moneylife Digital Team 30 May 2025
In a significant judgement, the national consumer disputes redressal commission (NCDRC) has directed ICICI Lombard General Insurance Company Ltd to pay Rs2.99 crore along with interest to a Mumbai-based widow, holding that the insurer had unfairly rejected her claim on technical and ambiguous...

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Sponsored Post 30 May 2025
The insurance sector has grown immensely in the past few years, resulting in many companies offering various options and policy benefits. Today, you can easily search, compare, and buy term insurance online with a few clicks.   However, knowing the fundamentals of term insurance is essential...

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Whatever you do, wherever you go—you will be a winner if you think differently—and be different! You can begin being different when you are in high school, when you're in college, or when you have begun a working career. Some of us are people born with a 'questioning mind' and may end up with...

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Sponsored Post 29 May 2025
When you buy health coverage for your family for the first time, you need to do a lot of research, comparison and decision-making. Only after confirming every aspect of a health insurance policy do you choose the best one for your family’s protection.    However, as your children grow and...

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Moneylife Digital Team 28 May 2025
The administration of US president Donald Trump has directed American diplomatic missions overseas to halt the scheduling of new appointments for student and exchange visitor visas. This development comes as the US state department plans to expand its screening of applicants’ social media...

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Sponsored Post 28 May 2025
For every bike enthusiast, their bike is more than just a ride—it's freedom, convenience, and often, a style statement. But with great rides come great responsibilities, and bike insurance is one of them. However, with so many options available, riders often make the mistake of going for a...

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Moneylife Digital Team 27 May 2025
In a significant win for insurance policyholders, the national consumer disputes redressal commission (NCDRC) has dismissed an appeal filed by Birla Sun Life Insurance Co Ltd, upholding a 2014 verdict that directed the insurer to pay Rs21 lakh to a Telangana-based widow after the death of her...

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Sponsored Post 26 May 2025
When you search for car insurance, you mainly come across three policy types: third-party policy, own-damage policy, and comprehensive car policy. The comprehensive policy offers holistic coverage and protects you against the damages that both parties sustain in case of unexpected events like...

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Sponsored Post 23 May 2025
Mumbai (Maharashtra) [India], May 21: Women prioritise their health at all stages of life. The Body Mass Index (BMI) is a vital metric for tracking physical health. This simple calculator determines if a woman's weight is within a healthy range for her height.   In India, where health...

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