PERSONAL FINANCE


In order to be precise, the financial planning process needs to be more investigative. Generic solutions are easy to offer and implement but do not serve the purpose of long-term planning Financial planning is gradually emerging as one of the most important and talked about professions...

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As the saying goes,“in this world, nothing can be said to be certain except death and taxes”. So let us prepare ourselves and make life easier for our children when we leave this world for good 1st October every year is observed as “World Elders Day” and this year too a number of elders’...

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Creating a healthy credit history is part of strong financial planning. So one’s endeavour should be to always build a strong credit history so that need-based loans can be easily obtained Credit history is generally defined as the record of a borrower’s payment behavior that shows his...

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MDT/PTI 23 October 2012
HDFC Bank is offering loans at 6.99% for Hero two wheeler buyers during the festival season as against the current interest rate of 10%   New Delhi: The country's largest two-wheeler maker Hero MotoCorp is going all out to cash in on the festive season and has tied up with HDFC Bank...

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United India Insurance was told by a CIC order to put data on policy issue date and transfer date to TPAs on its website. It has not done this for over two months. Does it need high-tech to give such basic information or was it is busy developing M-Power, the app which helps its get premium...

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Moneylife Digital Team 22 October 2012
Banks and finance companies are trying to gain business by offering lower interest rates. But you, as a borrower, need to look at other aspects as well, before moving your loan from one bank to another. Here are the six things you must consider “You can transfer your high-cost home...

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United India Insurance has launched M-Power so that you can pay your premium by mobile easily. But its technology is so poor that renewal of mediclaim information may not reach the TPA for as much as two months. Also, cashless claim will not be approved during this time. Ease in...

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Interest rates on fixed deposits have been dropping for over a month. Where should you park your money? Nationalised banks are better options compared with private banks    You may be searching for higher interest rates to lock your savings for one year or more. Over the last one...

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You have funds available for short-term and want to get the best returns. Do you go for flexi FD with your savings account or open a short-term FD? You may have funds ready for investing in upcoming IPO (initial public offering) or tax-free bond issues that will come out over the next...

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Moneylife Digital Team 17 October 2012
Bharti AXA Life Secure Savings Plan: Endowment Plan where 10% addition equals 4.5% returns Bharti AXA Life’s new plan provides guaranteed additions of up to 10% of each year’s cumulative base premium paid. A closer look at the plan shows that Insurance Regulatory and Development...

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Senior citizens who complained of being excluded from a personal accident and critical illness policy when they really needed now have an option of lifelong renewal    Max Bupa Health Assurance is a product with lifelong renewal, a demand that addresses the core need of senior...

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You shop for the highest savings account interest with low minimum balance requirement as your existing savings account is paying only 4%. What are your options? Beware of banks that offer high savings interest rate for a limited time and those having account closing fees YES Bank, Kotak...

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While old peoples’ home is a shelter for many, it offers a viable investment opportunity for many others, especially the government   In the previous article—FDI in pension: What purpose can it serve? (please click here to read the article), we briefly covered the issue of the...

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MDT/PTI 12 October 2012
Each family comprising a maximum of five members residing in Delhi, will have to make a token payment of Rs30 and it will be entitled to medical benefits of up to Rs30,000 per year in empanelled hospitals   New Delhi: In a bid to ensure better medical care to the economically weaker...

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MDT/PTI 12 October 2012
Many other banks are also likely to come out with their festival offers for home loans and personal loans due to ample availability of liquidity coupled with subdued growth in corporate lending   Mumbai: Private sector lender ICICI Bank has reduced its lending rates for home loans by...

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Irshad Ahmed Khan 11 October 2012
The human resource manager will take 30 seconds to evaluate your resumé. Irshad Ahmed Khan shows how you can stand out in that brief time During my experience as a professional resumé writer, one common complaint from my candidates is, “We do not get interview calls in spite of an...

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MDT/PTI 11 October 2012
The partnership between Axis Bank and Tata AIG will offer insurance policies for motor, health, travel, home in retail, and liability and property in the commercial segments   Mumbai: Axis Bank has said it has appointed Tata AIG General Insurance as its corporate agent for selling...

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MDT/PTI 11 October 2012
Syndicate Bank is offering home loans at an EMI of Rs944 per lakh and car loans at an EMI or Rs1,699 per lakh   Bangalore: Syndicate Bank has come out with a special festive offer on home loans at 10.5% up to Rs25 lakh at an EMI of Rs944 per lakh for 25 years and at 10.75% for above...

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Last week, the finance minister came out in complete support to have banks set up broking arms to sell products from multiple insurance companies to put the onus on the banks to have properly trained personnel that can possibly reduce mis-selling. Will it really happen   The Insurance...

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MDT/PTI 10 October 2012
Under the scheme, Canara Bank customers can avail loans up to Rs1 lakh at 14.5% interest and repayable in 36 instalments for buying consumer durables    Bangalore: State-run lender Canara Bank has introduced a retail loan scheme for salaried and non-salaried individuals for purchase...

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