PERSONAL FINANCE


MDT/PTI 08 August 2012
Jet's alliance with HDFC Bank comes after the airline terminated its 12-year association for co-branded credit card with Citi in May Mumbai: HDFC Bank and Jet Airways have launched a co-branded credit card, which offers a slew of benefits and rewards to frequent flyers of the country's...

Read More



MDT/PTI 08 August 2012
The decision will allow EPFO, which has a corpus of Rs3.5 lakh crore, more flexibility in its investment   New Delhi: The Central Board of Trustees (CBT) has given green signal to retirement fund body Employees' Provident Fund Organisation (EPFO) to park its funds in fixed deposits...

Read More



MDT/PTI 08 August 2012
While modifying the KCC guidelines, RBI has removed the clause pertaining to mandatory repayment of loans by card holders within a year and gave freedom to banks to fix the repayment period   Mumbai: The Reserve Bank of India (RBI) has relaxed the repayment norms for Kisan Credit...

Read More



Moneylife Digital Team 08 August 2012
New products, regulations, features and options, interpreted from your perspective IDBI Federal Lifesurance Suvidha Savings: Low on Insurance IDBI Federal Lifesurance Suvidha Savings Plan is a participating endowment plan with low insurance component of up to Rs3 lakh up to the...

Read More



MDT/PTI 07 August 2012
According to the NPS provisions, an investor can withdraw 60% of his total corpus, which he has saved during his working life and the rest will go to an annuity plan of a life insurer   Mumbai: Despite the National Pension System (NPS) throwing up a large opportunity to life insurers,...

Read More



MDT/PTI 07 August 2012
According to the ratings agency, RBI's caution on interest rate cuts and high EMIs will continue to be a deterrent for potential home buyers   Mumbai: Indian real estate sector faces a negative outlook in the second half of the year mainly due to sluggish demand, high construction...

Read More



MDT/PTI 07 August 2012
The New York State Department said for almost ten years, StanChart schemed with Iran and hid from regulators roughly 60,000 secret transactions, involving at least $250 billion, and reaping the Bank hundreds of millions of dollars in fees   New York: Standard Chartered Bank...

Read More



Moneylife Digital Team 06 August 2012
The CII and E&Y report offers steps to reform the insurance industry—revisit TPA agreements, implement better controls to prevent frauds and product design to protect policyholders    Confederation of Indian Industry (CII) and Ernst & Young (E&Y) report on the insurance industry...

Read More



MDT/PTI 06 August 2012
Banks are not able to respond quickly to the changes in monetary conditions or monetary policy signals because they carry a fixed cost over an extended period of time says the RBI    Mumbai: With banks led by the country's largest lender State Bank of India (SBI) choosing to cut...

Read More



Aegon Religare’s iHealth is a good surgical benefit plan competing with LIC’s Jeevan Arogya and ICICI Pru Life’s Hospital Care II. Should you go for it? Aegon Religare’s iHealth is a new entrant online health product from a life insurance company. It is a fixed-benefit product offering...

Read More



MDT/PTI 03 August 2012
Despite providing all the relevant documents, including copies of the FIR and the untraceable report, the insurance company had rejected the claim   New Delhi: New India Assurance Company has been directed by a consumer forum to pay Rs9.73 lakh to one of its policy holders as...

Read More



Valliyur Satyavageeswaran 03 August 2012
From résumé writing to astrological predictions, the tricks job websites play to lure eager and worried candidates Success Combo, Magic Combo, Magic Resume, Resume Zapper Combo, Ask any question Combo, Employment Verification Combo, Workplace Compatibility Combo. Does it look like you...

Read More



Moneylife Digital Team 02 August 2012
Star Health also introduced a new value added service to its customers - Personal Health Record maintenance services, in electronic form free of cost   Star Health has launched two new innovative health insurance policies - Star Comprehensive and Star Family...

Read More



MDT/PTI 02 August 2012
The panel headed by NABARD Chairman Prakash Bakshi will review existing credit structure and also explore ways to strengthen cooperative credit architecture in rural areas Mumbai: The Reserve Bank of India (RBI) has constituted a committee to suggest ways to strengthen the rural...

Read More



MDT/PTI 02 August 2012
SBI cut interest rate on home loans of up to Rs30 lakh to 10.25% while the new car loan would be available at an interest rate of 10.75% for seven year loan   New Delhi: State Bank of India (SBI) has slashed lending rates on car and home loans by up to 0.5%, a day after 1% cut in SLR...

Read More



MDT/PTI 01 August 2012
Out of the 2,541 complaints, the banking ombudsman from Kerala examined and settled most of them, leaving a mere 5.7% remaining to be closed Thiruvananthapuram: There has been a 22% increase in complaints received by the banking ombudsman in India's southern Kerala state this year,...

Read More



MDT/PTI 01 August 2012
According to the former Union minister, existing minimum pension of the EPF scheme is 'totally inadequate' for over 3.5 million who had spent their entire working life   Thiruvananthapuram: Congress MP Shashi Tharoor has urged the Indian government to enhance the pension under the...

Read More



Dr SD Israni 01 August 2012
The insurer will reject your claim if you disclose wrong facts in the form Insurance is an important part of our lives but how many of us are aware that the underlying principle of every insurance contract is Uberrimae fidei or contract of utmost trust? The principle is that the customer...

Read More



MDT/PTI 31 July 2012
The SLR cut is expected to release about Rs68,000 crore in to the system   Mumbai: The Reserve Bank of India (RBI) has done a balancing act amid weak economic conditions by increasing liquidity that can help bankers cut lending rates, and at the same time let it continue with its...

Read More



The third part of the United India series, it has been found out through RTI that TPAs are given incentives by United India Insurance to reduce the claims ratio, thus making a mockery of the Insurance Act! Moneylife subscriber Dr Anshu Agrawal from Janakpuri, Bareilly filed a Right to...

Read More

Free Helpline
Legal Credit
Feedback