PERSONAL FINANCE


An RTI query revels that the Nagpur office of the EPFO (Employees Provident Fund Organisation) has almost half its current deposits in the ‘unclaimed’ category! The story is the same across the country. As per the latest rules, unclaimed deposits will now also stop earning...

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MDT/PTI 21 November 2012
Bajaj Allianz's Life Assure is a unit-linked endowment plan which also offers three riders, accelerated critical illness, super premium waiver and extra cover benefit for enhanced protection   Mumbai: Private insurer Bajaj Allianz Life Insurance has launched a new market-linked life...

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MDT/PTI 21 November 2012
Aviva Dhan Samruddhi gives a guaranteed addition of 7-9% per annum of the annual premium, till the end of the policy term, depending upon the policy term chosen   Mumbai: Private insurer Aviva Life Insurance has launched Dhan Samruddhi, a traditional money back plan with guaranteed...

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The Married Woman Property (MWP) Act can protect the life insurance death claim benefit from creditors and ensure that your wife and children are secured. Lack of awareness and loss of control prevents insured from going for this option. Find out how you can benefit from it Harish was...

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MDT/PTI 20 November 2012
ICICI Bank's Insta Netexpress offers assured exchange rate and faster transfer time for users in Germany who want to send money to India   ICICI Bank, India's largest private sector lender, said it launched an assured rate money transfer service for Indian living in Germany. The...

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MDT/PTI 20 November 2012
HDFC Bank launched its English-language mobile banking application in July-August last year and already has 12 lakh users, and with the Hindi option, it expect the user base to touch 16 lakh soon   Indore: Targeting about 560-million Hindi-speaking populations, HDFC Bank, the second...

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LIC Direct’s emails hard sells its annuity product creating a fear that interest rates in India may drop to 2% to 4% in next 20 years! If LIC is confident about it, then why does its annuity product lock in the rate of 7% to 8% for the lifetime of a customer? LIC Direct, an alternate...

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Pure term plan does not give anything on maturity, while “return of premium” term plan gives you back all the premiums paid. If you want the feature, you will have to pay a price for it. Find out your options Aegon Religare and Shriram Life Insurance have launched “return of premium”...

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MDT/PTI 12 November 2012
The RBI draft report on home loans also suggested that banks should introduce and popularise long-term fixed rate home loan with a provision of re-fixing the interest rate after 7-10 years Mumbai: The Reserve Bank of India (RBI) has suggested that banks should look at the possibility of...

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MDT/PTI 09 November 2012
DHFL said the variable rate of interest for home loans of up to Rs15 lakh has been cut to 10.75% from 11%, while for those above Rs30 lakh but up to Rs75 lakh will come at 11.25% Mumbai: Mortgage lender Dewan Housing Finance Corporation (DHFL) has cut its home loan lending rates by 0.25%...

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MDT/PTI 08 November 2012
Bajaj Allianz would provide 12 months extended warranty for consumer durables purchased through Bajaja Finserv's zero percent loan schemes Mumbai: Bajaj Allianz General Insurance has launched an 'extended warranty plan' for consumer durables, under which a customer will be able to extend...

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MDT/PTI 08 November 2012
SBI last reduced its base rate in September, and its chairman expect the bank's asset liability committee to decide on reducing lending rates over next two-three weeks Gurgaon: State Bank of India (SBI) has indicated it could reduce lending rates in the next two-three weeks to boost...

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Banks aren’t exactly ‘customer friendly’.  They take you for granted There is a well-known story concerning banks; it says a banker is a person who gives you his umbrella when it is bright and sunny and, at the first sign of rains, he rushes to take it back. In other words, although a...

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MDT/PTI 06 November 2012
AEGON Religare's save guard insurance plan offers a choice of two death benefit options, gives an option to add critical illness provision that covers nine illnesses and provides tax benefits   Mumbai: AEGON Religare Life Insurance (ARLI) on Tuesday launched a term plan - save guard...

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MDT/PTI 06 November 2012
Shriram Life Insurance's Money Back Term plan offers to pay a lump sum payment in case of death of the life assured during the policy term while on survival, all basic premiums paid during the policy term would be returned   Chennai: Private insurer Shriram Life Insurance Company has...

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MDT/PTI 03 November 2012
Under this cash-back offer, 1% of every EMI will be returned to the customer, apart from providing the option of renewable fixed interest rate for the entire tenure free of cost   Mumbai: ICICI Bank has launched a limited period offer of 1% cash-back on gross EMI (equated monthly...

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MDT/PTI 02 November 2012
Pratip Chaudhuri, SBI Chairman, said the bank will lose Rs300 crore because of the additional provisioning requirement while gain from the CRR cut is only Rs225 crore Mumbai: State Bank of India (SBI) has ruled out any cut in its lending rates due to steep hike in the provisioning for...

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Max Life Partner Plus is true to the company logo “Your Partner for Life”. The product will literally tie you for a lifetime to give any returns. Max’s immediate annuity product offer rates half of what is offered by most players. Is this retirement planning or ruining your retirement?

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Moneylife Digital Team 31 October 2012
Timed with the festive season, various consumer loans and offers are being thrown at you. Are they worth it? Do you really need them? Festive season is the time when you would not think twice before loosening your wallet, especially on electronics and other consumer goods. And those...

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While the EPFO’s interaction with subscribers has improved, much remains to be done with what is essentially supposed to function like a bank but ends up like a tax authority. This is a guide to an essentially hassle-free experience to obtain details of EPFO   One of the biggest...

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