PERSONAL FINANCE


Moneylife Digital Team 20 August 2012
Employees from around 47 banks are planning to go on a two-day strike on 22nd-23rd August to protest the proposed reforms in the banking sector and outsourcing of jobs   Around 10 lakh bank employees and officers working in 27 public sector banks including State Bank of India (SBI)...

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MDT/PTI 20 August 2012
Canara Freedom Suraksha is a life insurance cover of Rs1 lakh offered for all its savings bank customers and covers both natural and accidental death   Bangalore: State-run Canara Bank is launching "Canara Freedom Suraksha", a life insurance cover of Rs1 lakh for all its savings bank...

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Can India keep running away from Bharat? “Things are really getting bad, aren’t they?” asked a retired captain of a ship, talking about how the economic downturn is forcing companies to cut costs. Two of his neighbours, both working in blue-chip listed companies, he says, were asked to...

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Reliance Life Plus has launched a major initiative to forge a closer relationship with its customers by meeting them at least one more time beside the premium collection visit. But as Moneylife’s cover story in April this year showed, it has to correct past mischief first Reliance Life...

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Moneylife Digital Team 17 August 2012
New products, regulations, features and options, interpreted from your perspective Insurance Transparency: United India forced to disclose data In a landmark judgement, Central Information Commission (CIC) directed United India Insurance Company (United) to mandate all the branch...

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MDT/PTI 17 August 2012
Tata AIA's Maha Raksha Supreme comes with a minimum sum assured of Rs50 lakh and offers special rates for women and non-smokers   Mumbai: Private insurer Tata AIA Life Insurance has launched 'Maha Raksha Supreme', a non-linked, non-participating term insurance plan that offers...

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MDT/PTI 17 August 2012
Through a personalised service of claims assistance manager, Bharti AXA customers will get the counsel of expert personnel to guide them to take their claims to the logical conclusion   Mumbai: In a bid to reduce procedural bottlenecks, private insurer Bharti AXA Life Insurance has...

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MDT/PTI 17 August 2012
Under the new initiative it would be mandatory for Reliance Life's 1.5 lakh representatives, including employees, advisors and channel partners, to visit its policyholders at least once in year   Bangkok: Private insurer Reliance Life has said its representatives would meet more than...

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Policyholders often have go to courts to receive their claims   In my previous article (Moneylife, 9 August 2012), I had stated that a contract of insurance is one of utmost trust and a proposer should truthfully make full disclosure. The corollary question that arises is: Do...

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MDT/PTI 14 August 2012
Banks will have to pay the compensation at savings bank interest rate in absence of a specified rate, for delayed clearance of local cheques, says RBI Mumbai: In a big relief to the bank customers, the Reserve Bank of India (RBI) has asked all banks to compensate them for delay in...

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MDT/PTI 14 August 2012
IRDA has found lapses in various rules, including non-adherence to norms of referrals and preparation of financial statements, by Tata-AIG Life Insurance Company New Delhi: The Insurance Regulatory and Development Authority (IRDA) has slapped a penalty of Rs49 lakh on Tata-AIG Life...

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MDT/PTI 14 August 2012
Optima Senior provides lifelong health insurance coverage with a guarantee of no loading on change of health status Mumbai: Apollo Munich Health Insurance has launched 'Optima Senior' for citizens above 61 years of age, reports PTI.   "With the onset of retirement, most people...

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MDT/PTI 13 August 2012
BoB's interest rate on the 1,111 days deposits of up to Rs1 crore has been hiked to 9.15% from the earlier 8.5%   Mumbai: State run Bank of Baroda on Monday hiked deposit rates on select maturities by up to 0.65%, reports PTI.   In a statement, the bank said it is hiking...

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MDT/PTI 13 August 2012
Bharti AXA General Insurance applied for getting approval from IRDA for an 'unemployment insurance' product which would cover general credit risk of a person   Mumbai: Private insurer, Bharti AXA General Insurance, is likely to come up with a 'unemployment insurance' product in the...

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MDT/PTI 11 August 2012
While there will be no limit on the number of deposits that can be made in a month, basic savings bank account holders will be allowed a maximum of four withdrawals in a month, including through ATMs Mumbai: The Reserve Bank of India (RBI) on Friday asked banks to drop the “no-frills”...

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MDT/PTI 11 August 2012
“All CBS-enabled banks are hereby advised to issue only ‘payable at par’/‘multi-city’ CTS 2010 standard cheques to all eligible customers,” the RBI said in a notification Mumbai: With a view to improving customer services and speeding up fund transfer, the Reserve Bank of India (RBI)...

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MDT/PTI 10 August 2012
CGG Bank will offer the IndiaFirst Group Credit Life Plan and IndiaFirst Group Term Plan to its loan and savings bank account customers   Mumbai: Private insurer IndiaFirst Life Insurance on Friday added two insurance products for the customers of Chaitanya Godavari Grameena Bank...

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MDT/PTI 10 August 2012
The government has suggested DICGC and the RBI to adopt to risk-based deposit insurance premium structure. This will be prior to the DICGC proposal for increasing insurance coverage limit from Rs1 lakh to Rs2 lakh being approved New Delhi: The deposit insurance coverage is also...

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MDT/PTI 10 August 2012
With the introduction of add-ons, HDFC ERGO customers can claim expenses incurred towards repair or replacement of internal parts of gear box and labour cost to overhaul the damaged engine and gear box Mumbai: Private insurer HDFC ERGO General Insurance said it has incorporated add-ons...

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Buying travel insurance is often done to comply with the tour operator’s demand or the requirement of a foreign country for granting a visa. Raj Pradhan explains the risks that can inflict heavy financial damage unless you are insured and which of these can be taken care of by common sense

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