PERSONAL FINANCE


Sponsored Post 13 October 2023
For new riders in India, owning a bike is a dream come true. Riding a bike is not just for commuting to another place; it's a passion, a thrill and an adventure. However, along with the excitement of hitting the open road comes the responsibility of securing your bike with insurance. While a...

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A few days ago, Congress president Mallikarjun Kharge targeted the Narendra Modi government over skyrocketing inflation and unemployment, leading many people to surrender their life insurance policies. A survey by Deloitte and SBI Life Insurance mentioned that as many as 47% of policyholders...

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Moneylife Digital Team 29 September 2023
While upholding an order passed by the state commission, the national consumer disputes redressal commission (NCDRC) dismissed an appeal filed by Life Insurance Corp of India (LIC) and asked the insurer to pay Rs47.90 lakh to nominees of the deceased life assured (DLA).   In an order,...

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If there is one problem that is probably common to the whole world, it is that the number of listeners is dwindling—not on TV, and podcasts, but in personal interactions. Most of us rush to comment or voice an opinion and criticise; and only a few have the patience to wait and listen. This...

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IANS 18 September 2023
Government on Monday announced family pension at a uniform rate of 30% for the welfare of the families of LIC employees.   It has also enhanced the gratuity limit from Rs3 lakh to Rs5 lakh for LIC agents.   Announcing a slew of welfare measures for LIC agents and employees,...

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Abhay Datar 15 September 2023
Senior citizens continue to be duped into buying high-premium insurance policies, sold to them as annuity plans, with no attempt to stop or punish this widespread fraud.    As a banker and counsellor at Moneylife Foundation, I find it painful to meet distressed seniors, almost every...

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Please note that I have said ‘bad’ ragging, not all ragging.   I believe that ragging does have value, provided it is carried out the right way.    I certainly do not condone the type of ragging we have been reading about, in which a young boy is abused in such an inhuman...

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Sponsored Post 11 September 2023
Investing in the stock market is a dynamic and complex endeavor, with investors seeking opportunities that align with their risk appetite and financial goals. Two popular exchange-traded funds (ETFs) that offer exposure to specific sectors are Bank Bees and IT Bees. Bank Bees focuses on the...

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Knowing how far you can go too far, in familiarity, can mean different things in different cultures. There was the big ‘goof up’ made by president Johnson of the USA, when he bowed low (he was very tall) to kiss the queen of Thailand on the cheek. This is never done in Thailand. The ‘face’ is...

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IANS 01 September 2023
Indian insurance regulator has referred the curious case of Axis Bank and two other group companies buying shares of Max Life Insurance Company Ltd at a very low rate from shareholders/promoters of the insurer and selling them back at a very high price in a matter of few days, to the Reserve...

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Cheryl Clark for ProPublica 01 September 2023
This story was originally published by ProPublica.   Have you ever had a health care claim denied by your insurer? Ever tried to appeal it? Did you wind up confused, frustrated, exhausted, defeated?   I’ve been a health care reporter for more than 40 years. And when I tried to...

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Moneylife Digital Team 31 August 2023
Upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed New India Assurance Co Ltd to pay Rs10 lakh, the entire sum assured in the policy, for a four-storey building damaged during an earthquake. As against the policy of Rs10 lakh, New India...

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Sponsored Post 31 August 2023
Investing is a crucial step towards securing your financial future. But in the face of a plethora of investment options available, one may find it overwhelming to make the right choice. Whether you are a beginner just starting out or a seasoned investor, aligning your investments with your...

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Moneylife Digital Team 30 August 2023
Upholding that poisoning by unknown persons in a train is a case of accidental death coverable under the insurance policy, the national consumer disputes redressal commission (NCDRC) directed Life Insurance Corporation of India (LIC) to pay Rs10 lakh with 9% interest and other benefits of the...

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Moneylife Digital Team 28 August 2023
After the asset management business, Jio Financial Services (JFS), the new company of Mukesh Ambani-led Reliance Industries Ltd (RIL) group, is set to enter the insurance sector and will offer life, general and health insurance products.    Speaking at RIL's annual general meeting, Mr...

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“Indian Institute of Technology (IIT) produces world-class chief executive officers (CEOs)”.   I disagree.   IITs don’t “produce” CEOs—it processes them, just like a gold mine doesn’t produce gold, it merely processes the ore that contains gold.    Yes, IITs teach...

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Moneylife Digital Team 22 August 2023
Rejecting the contention of Reliance Life Insurance Company on concealed material evidence by the insured, the national consumer disputes redressal commission (NCDRC) directed the insurance company to pay the claim amount of Rs1 crore with an interest of 9% and Rs50,000 litigation cost to the...

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Moneylife Digital Team 18 August 2023
Reserve Bank of India (RBI) has issued guidelines to reset equated monthly instalments (EMIs) based on floating rate personal loans, including allowing borrowers to switch over to a fixed rate as per the bank board approved policy. Moneylife Foundation has been relentlessly campaigning...

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This time, I want to air some thoughts on the wealth that you accumulate over a life time and how to ensure that it is correctly distributed after your demise, if you do not want it to go into government coffers.    You may also want to ensure that your heirs do not have to spend time...

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Moneylife Digital Team 17 August 2023
While clarifying that the complainant is not entitled to benefits under multiple sub-clauses, the national consumer disputes redressal commission (NCDRC) says the consumer has a right to cover his insurance claim under the sub-clause which gives him a higher benefit. NCDRC then enhanced the...

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