PERSONAL FINANCE


There can be enormous difference in the insurer-authorized service centre estimation as compared to the roadside repair shops. Is it justified? Are insurance companies being fleeced which means you end-up with higher premium? Imagine an ICICI Lombard-authorized service centre giving quote...

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Moneylife Digital Team 24 April 2012
IRDA has penalised Birla Sun Life Insurance Company a paltry Rs6 lakh for a slew of violations, some serious including using unlicensed entities to sell insurance The Insurance Regulatory Development Authority (IRDA) had detected 22 irregularities in the functioning of Birla Sun Life...

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IRDA has increased premiums for automobile insurance with effect from 1 April 2012. Insurance companies have come up with a new trick of using only the engine cubic capacity. The smaller and cheaper cars and bikes are subsidising the bigger and costlier ones Insurance regulator, Insurance...

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Moneylife Digital Team 19 April 2012
R2 approval is an important step in the process of acquiring the license from IRDA Mumbai: Religare Health Insurance Company Limited (RHICL) has received the R2 license from the Insurance Regulatory Development Authority (IRDA), according to a release from the insurance company.  The R2...

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Many implicitly trust insurance companies. We present you the chilling story of what can happen when a gullible customer walks into an insurance office Arvind Injamuri, 65, a 9th std fail, retired railway employee living at Solapur, decided to use his retirement kitty to secure his...

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Moneylife Digital Team 17 April 2012
Galaxy S Advance and Galaxy Pocket being launched, serve to strengthen our premium as well as the entry level offering in the Smartphone market Smartphone device provider Samsung Electronics Co Ltd on Tuesday announced the expansion of its Galaxy smartphone range with the launch of the Galaxy...

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Moneylife Digital Team 11 April 2012
The flagship smartphone Xperia S has a 4.3-inch scratch resistant TFT touchscreen, along with 12.1 mega pixel camera and 1.5GHz Qualcomm dual core processor Sony Mobile Communications launched Xperia S handset in the Indian market at a price of Rs32,549, along with three other devices.

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Moneylife Digital Team 09 April 2012
HTC has joined hands with Bharti Airtel to introduce exciting limited period offers on every purchase of HTC One X and HTC One V HTC, a global designer of smartphones, has unveiled its new HTC One series of smartphones with a new level of iconic design, consisting of a camera, sound and media...

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Moneylife Digital Team 07 April 2012
The 12,000 square foot, two-storey facility in Mumbai is the home to Mini's entire line-up for India After a successful association with the BMW Group over the last five years, Infinity Cars is appointed the first dealership for MINI in India. Infinity Cars introduced the MINI cars in...

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Moneylife Digital Team 06 April 2012
When combined with Sony's Iris 3 technology of 1,000,000:1 dynamic contrast, the projector can produce screen sizes of up to 200 inches diagonally for cinematic viewing in the comforts of a home, an official statement said Sony India launched 4K home theatre projector systems with 3D...

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Moneylife Digital Team 06 April 2012
Speaking at the New York auto show, Jaguar Cars global brand director Adrian Hallmark said, “F-Type will mark the British marque's re-entry into a segment that it has been absent from for too long.” Tata Motors-owned Jaguar said it will re-enter the sports segment with its 'F-Type' super car...

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KP had illegally availed of over Rs800 crore from the banks in cahoots with the chairman and his son. Soon after, SEBI passed an order barring KP from the capital market for 14 years. In February 2012, the office of the custodian, appointed under the Special Courts Act of 1992, filed a...

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Moneylife Digital Team 05 April 2012
Service tax impact on life insurance policies Increase in service tax from 10.3% to 12.36% on the policy charges will increase the premium as it would be passed on to consumers. Service tax is applicable on charges like mortality, fund management, policy allocation charge and policy...

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Moneylife Digital Team 05 April 2012
Edelweiss Tokio Life Insurance Cashflow Protection and Aegon Religare Life Insurance Flexi Money Back Insurance Plan are the new money-back plans in the market. These traditional products offer regular income at specified intervals in addition to the maturity benefit. These products are for...

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Moneylife Digital Team 05 April 2012
Sahara India Life Insurance has launched Sahara Vatsalya Jeevan Bima to tap into the lucrative child plan business. Traditional child plans offer assured returns but, unfortunately, most of these products offer low returns if the life assured survives. In case of demise of the life assured, the...

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Moneylife Digital Team 05 April 2012
The Union Budget 2012 offers Rs5,000 tax deduction for preventive health check-up. This will be allowed irrespective of whether you have health insurance or not. It is a boost for hospitals. Customers over 40 years of age are interested in yearly check-up which may not be offered for free even...

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Moneylife Digital Team 05 April 2012
The Union Budget 2012 increased the minimum insurance requirement from five to 10 times the premium to qualify for full tax benefit at entry under Section 80C and at exit under Section 10(10D). There are many existing products like money-back traditional and single premium plans which do not...

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Moneylife Digital Team 05 April 2012
ICICI Bank has launched a new card for the super affluent segment and the Bank’s wealth management clientele called ICICI Bank Sapphiro. The card is linked to a single card account with a single statement and single fee. It provides access to a host of privileges from American Express and...

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Moneylife Digital Team 05 April 2012
In a move that would help a large number of home loan customers to reduce their interest burden, State Bank of India (SBI) has decided to allow them to re-price their existing loans at lower rates. The switchover will be subject to a small fee 1% of the outstanding loan amount. The move is...

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Moneylife Digital Team 05 April 2012
MetLife India Insurance Company has launched Deferred Monthly Income Plan (DMIP). It is not a pension plan which has an accumulation phase and annuity phase. It is a retirement plan which has an accumulation phase of five to seven years and monthly payout phase starting from year 11 of your...

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