PERSONAL FINANCE


Moneylife Digital Team 23 March 2012
Aegon Religare Guaranteed Income offers 7.5% of the sum assured ever year, after the end of the policy premium payment term, until the age of 85. It competes with LIC’s Jeevan Tarang Aegon Religare Life’s new plan offers life cover along with regular guaranteed income. After the end of the...

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Moneylife Digital Team 23 March 2012
Bharti Axa Life eProtect is now the cheapest online term plan for non-smokers while Edelweiss Tokio’s Life-Protection is the cheapest offline term plan Bharti AXA Life eProtect is now the cheapest online term life insurance plan for non-smokers. There is wide difference in the premium between...

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Moneylife Digital Team 21 March 2012
“We hope that this vehicle will be leader in its segment," GM India president and managing director Lowell Paddock. General Motors on launched the Bharat Stage IV emission norms compliant variant of its multi utility vehicle (MUV) Tavera, priced between Rs7.51 lakh and Rs10.34 lakh (ex...

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The Banking Ombudsman might be spending more time in rejecting rather than looking into complaints – it rejected 71% of complaints last year We need a proactive Banking Ombudsman Four years ago, when the excesses of the financial sector led to a global financial crisis, India had its...

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More and more insurance companies are getting hold of your personal details Recently a Moneylife reader started receiving calls from number 30247032 in Mumbai claiming to be from Kotak Life Insurance’s office in Malad (Mumbai). The caller stated that Kotak Smart Advantage ULIP is being...

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To entice buyers to make hasty decisions at the close of the financial year, insurers are making rampant use of stolen records The insurance industry is possibly the biggest user of stolen databases of customer information. Sometimes, this has its advantages. Many of us have figured out...

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IRDA should look at it from not just revival of lapsed policies, but from customer service angle The Insurance Regulatory and Development Authority (IRDA) has recently issued an exposure draft on orphan life insurance policy. The guidelines allow 100% of renewal commission to allotted agent for...

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Moneylife Digital Team 15 March 2012
For hassle-free income-tax (I-T) collection, RBI has designated 926 computerised branches of public and private sector banks to receive advance tax payments from people residing in Mumbai and Navi Mumbai. Of the 926 bank branches, 862 are public sector bank branches, while the rest are...

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Moneylife Digital Team 15 March 2012
Movida, a mobile payments joint venture by Visa and Monitise, has signed an agreement with HDFC Bank to introduce a mobile payment service. The service allows HDFC Bank’s customers to pay bills, top up prepaid airtime and buy tickets. It is designed to operate across all mobile networks using...

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Moneylife Digital Team 15 March 2012
Indian Bank has introduced an account portability feature which allows its customers to retain the account number even if they change the branch. The facility would enable customers to have the freedom of operating his/her account from any branch with just a change in home branch code. Customers...

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Moneylife Digital Team 15 March 2012
Bank customers in India are growing more comfortable with using their debit cards for purchases, according to Visa’s latest Global Payment Tracking Survey 2011. Debit card penetration in India is at 53%, a 4% rise over that in the previous year. This increase can be attributed to Indians’...

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More annuity products are coming to the market. Customers will benefit, especially with IRDA specifying that the annuity phase should be from the same insurance company that sells the pension product. Some existing annuity products offer low return, so buyers beware Annuity is not a...

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Insurance is mainly an investment vehicle now. Can we look beyond? It is good to see a host of life insurance companies actually talking about the features of their insurance products. All these years, their high decibel, celebrity-starring advertisements were used to shove expensive...

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Moneylife Digital team 12 March 2012
The stylish Reliance CDMA Tab comes with a 7-inch capacitive touch screen with Android 2.3 OS. Reliance Communications, India's fully integrated telecommunications service provider became the first CDMA operator in India to enter the Tablet space by unveiling its ‘Reliance CDMA Tab’, a fully...

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Many are stuck with wrong life insurance plans. Financial planners often advice you to surrender the policy and use the money for better investments. Raj Pradhan finds that is wrong advice in most situations. Find out when and how you should surrender life policies Many people are...

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Moneylife Digital Team 07 March 2012
Tata Megapixel offers a range of up to 900 km with a single tank of fuel On Tuesday, Tata Motors presented at the 82nd Geneva Motor Show the Tata Megapixel, a new four-seater city-smart global range extended electric vehicle (REEV)  concept for the performance-seeking and...

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Moneylife Digital Team 07 March 2012
Allows only one consumer representative who has to be IRDA-nominated IRDA has finalised the structure of the much-awaited health insurance forum. The forum will provide assistance and advice to IRDA on issues relating to health insurance. It will help in evolving policies, standard processes...

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Moneylife Digital Team 06 March 2012
In many cases like wrong reporting to CIBIL, upgrading credit card without consent, mis-selling and blank clause in loan agreement by banks, the Ombudsman has ruled in favour of the customer Banking customers continue to run from pillar to post to resolve their grievances, however, many of...

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The introduction of white label ATMs will not be an unmixed blessing, unless RBI keeps a tight vigil over their operations. Whether they will prove white elephants or not will depend on what safety precautions will be mandated by RBI to be complied with by all the stakeholders The Reserve...

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Jeevan Vriddhi is designed to attract money from the tax-savers who are desperately seeking avenues to park up to Rs1 lakh. While there are other similar plans in the market, it is LIC’s product that will command attention because of its muscle power Life Insurance Corporation of India (LIC)...

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