PERSONAL FINANCE


Moneylife Digital Team 26 July 2012
The panel recommended that general insurance companies proposing to come out with IPOs should disclose the “claims arising out of catastrophic losses, which could impact the profitability or cash flow of the insurance companies.” Mumbai: Clearing the decks for the Insurance Regulatory...

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Moneylife Digital Team 25 July 2012
Moneylife Foundation held an exclusive, in-depth session hosted by Raj Pradhan, to a overflowing house, in which he delved into various aspects of mediclaim, including explaining complex product features and the fine print   Moneylife Foundation conducted an exclusive seminar on...

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MDT/PTI 25 July 2012
Active subscribers would have to register themselves on the EPFO portal by furnishing their account details to obtain an e-passbook of their fund   New Delhi: Over five crore subscribers of the retirement fund body Employees' Provident Fund Organisation (EPFO) can obtain e-passbook...

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MDT/PTI 25 July 2012
LIC collected first premium of Rs5,236.27 crore while private sector insurers together recorded first premium collection of Rs5,000.33 crore  New Delhi: Country's largest insurer Life Insurance Corp of India (LIC) has recorded a growth of 8.3% in new business with premium collection of...

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MDT/PTI 25 July 2012
HDFC Life launched the unit-linked plan last month targeting working women in urban areas that has average premium of about Rs30,000 Chennai: Private insurer HDFC Life said it had sold over 4,000 policies of its recently launched 'Smart Woman Plan', reports PTI.   "We have sold...

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LIC asked to pay Rs6.5 lakh for ‘deliberately’ rejecting claim   New Delhi: The Life Insurance Corporation (LIC) of India has been directed by a consumer forum here to pay Rs6.5 lakh to a widow for rejecting her insurance claim on her late husband's policy ‘deliberately and...

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Moneylife Digital Team 21 July 2012
According to the Banking Ombudsman for New Delhi, credit card users should pay their bills first and then lodge a complaint in case of a dispute with the card provider. If the bill is pending, then the customer always runs a risk of paying much more, if the judgement goes in favour of the...

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G Venkatesh 20 July 2012
If you have been laid off, remember it is not the end of the world. Keep your spirits up, look after yourself better and be flexible, suggests G Venkatesh, after talking to several people who had lost their jobs Bobby Mathew, who was working for Gunnebo in Bengaluru, suddenly found...

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Moneylife Digital Team 19 July 2012
Axis Bank will accept 10% amount as margin for home loan from customers of Godrej Properties. The customers can pay rest 10% margin money during thier re-payment schedule Godrej Properties Ltd, the real estate development arm of the Godrej Group said it signed a memorandum of...

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SBI raised interest rates on NRE rupee term deposits for tenors three years and less than five years from 8.75% to 9, on deposits under Rs15 lakh category Mumbai: In its bid to meet the 25% deposit growth target, the country’s largest lender State Bank of India (SBI) has revised its...

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  The presence of insurance web aggregators is a boon to the Indian customers, as they now have access to premiums of insurance policies from multiple companies in one place Mumbai: MyInsuranceClub.com said it has got regulatory approval to compare premiums and features of insurance...

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SBI Life is seeking media support to publicise the one year old SBI Life Flexi Smart variable insurance plan. It seems to be a desperate attempt to entice those who put money in traditional products The PR agency of SBI Life has just sent us an email to help readers understand the one...

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MDT/PTI 16 July 2012
IRDA’s national strategy seeks to create a financially aware and empowered India   Insurance Regulatory and Development Authority (IRDA) has released draft National Strategy for Financial Education on its website irda.gov.in. According to a release from the insurance regulator,...

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MDT/PTI 16 July 2012
Apart from providing death cover under natural circumstances, the plan provides cover against accidental death, a waiver of premium in case of accidental disability and critical illness cover for 12 illnesses with 20% of the basic sum assured prior to the age of 70 years   Mumbai:...

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MDT/PTI 16 July 2012
The HDFC Bank MD and CEO said only a couple of banks have increased their pricing because they were not getting traction on the savings deposits front   Mumbai: Terming the impact of Reserve Bank of India (RBI)'s decision to deregulate savings accounts rates last year as...

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New Delhi: In order to boost the National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has relaxed norms for registration of pension fund managers to ensure greater competition by removing cap on the number of Pension Fund Managers (PFMs), reports...

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Moneylife Digital Team 13 July 2012
Tata Power customers from Mumbai can now pay their bills from anywhere, anytime at their convenience using Itz Cash Card Tata Power said it is offering one more payment facility for its customers from Mumbai through Itz Cash Card.   Tata Power customers can now make their bill...

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While genuine customers are made to run around for opening new accounts, banks continue to encourage dubious accounts knowing fully well that they are used to launder black money A bunch of tech-savvy thieves has been exploiting a design flaw in the working of automated teller machines...

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Insurance is easy to buy but tough to claim, if you are an individual.  Raj Pradhan narrates a real-life story that takes you through the labyrinth of insurance company, broker, TPA and hospital to explain how to make a valid claim and how to avoid going out of pocket The point about...

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Moneylife Digital Team 12 July 2012
New products, regulations, features and options, interpreted from your perspective Aviva Health Secure: Online critical illness plan The Aviva Health Secure Plan provides the policyholder with a lump sum amount on diagnoses of any of the 12 critical illnesses covered by the policy....

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