PERSONAL FINANCE


In November 2023, the Supreme Court ruled that for a fire insurance claim, if the insurer is not found to be responsible for starting the fire, then identifying the precise cause of the fire is not necessary. Since then, the insurance companies are under obligation to uphold the insurer’s terms...

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Moneylife Digital Team 13 February 2025
The Indian government is planning to bring various national pension schemes (NPS) under one umbrella in the days to come.   Replying to supplementary questions in the Rajya Sabha, Union minister for labour and employment Dr Mansukh Mandaviya says there are several pension schemes available...

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Moneylife Digital Team 11 February 2025
Financial creditors have recovered Rs3.58 lakh crore through 1,119 cases under the liquidation process of the national company law tribunal (NCLT) since the implementation of the Insolvency and Bankruptcy Code (IBC) on 1 June 2016, the Union government informed the Rajya Sabha. However, the...

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Moneylife Digital Team 10 February 2025
Gold loan non-performing assets (NPAs) in commercial banks have surged by 62%, rising from Rs1,513 crore in March 2024 to Rs2,445 crore in June 2024, says the Union government. Responding to a question in the Lok Sabha, Union finance minister (FM) Nirmala Sitharaman says the overall gross NPAs...

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Moneylife Digital Team 07 February 2025
While reiterating that insurance companies process the claims as per the terms and conditions of the policy, the Union government says that, during FY23-24, insurers rejected claims worth Rs26,037.65 crore. It includes claims worth Rs15,100.14 crore disallowed as per terms and conditions (T&C)...

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Moneylife Digital Team 04 February 2025
Information provided by the insurance regulatory and development authority of India (IRDAI) shows that, as of 31 March 2024, insurance companies have unclaimed insurance funds worth Rs21,718 crore which declined from Rs23,699 crore as of 31 March 2023. However, IRDAI does not maintain data...

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Moneylife Digital Team 31 January 2025
  Taking cognisance of the steep hike in premiums for health insurance for senior citizens, the insurance regulatory and development authority of India (IRDAI) says effective immediately, insurance companies cannot revise the premium for senior citizens by more than 10%pa (per annum).   In a...

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Sponsored Post 30 January 2025
In the world of finance, knowledge is power, and when it comes to investing in Fixed Deposits, having access to accurate and reliable information is the key to making confident choices.   This is where FD Calculators come in, providing you with a clear and concise picture of your investment’s...

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Moneylife Digital Team 28 January 2025
The embassy of India in Laos has rescued 67 Indian youth from cyber-scam centres in Golden Triangle Special Economic Zone (GTSEZ). The embassy said in a statement that these youth were forced to work there under intimidation and abuse by criminal syndicates operating in GTSEZ.   Embassy...

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Moneylife Digital Team 24 January 2025
"The insurance policy terms cannot be changed at the whims and fancies of the insurance company," asserted consumer activist Jehangir Gai, delivering a powerful message at a programme organised by Moneylife Foundation, discussing the challenges a policyholder faces with health insurance...

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Sponsored Post 24 January 2025
As adventurers traverse Europe, the Schengen region puts forth diverse cultures and experiences. Every destination offers something unique, like Paris's romantic streets or Prague's historic charm.   However, exploring this captivating area comes with its own set of challenges. This includes...

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Moneylife Digital Team 21 January 2025
Modifying its guidelines on the settlement of dues of borrowers by asset reconstruction companies (ARCs), the Reserve Bank of India (RBI) says ARCs should use the settlement option only after examining all possible ways to recover dues.    RBI revised its guidelines and the amended paragraph...

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Moneylife Digital Team 20 January 2025
The employees' provident fund organisation (EPFO) has introduced simplified processes for both PF transfers and member profile updates, marking a significant step toward digital efficiency and member convenience.   The organisation has revolutionised its PF transfer system by eliminating the...

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An article on Justworks.com begins with a powerful statement, “Work-life balance isn’t just a buzzword — it’s a critical factor in attracting, retaining, and inspiring top talent around the world.   Apparently, this does hold sway at Larsen & Toubro (L&T). Its chairman, SN Subrahmanyan,...

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  Hitopadesha, is a Sanskrit text that contains fables, aphorisms and maxims to provide healthy advice and guidance to people in dealing with day-to-day predicaments and dilemmas.    There occurs an interesting couplet which lists out the enemies of a householder.    They are, a father,...

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Sahyaja MS (Bar  and   Bench) 16 January 2025
The indefinite strike by 156 contractual and outsourced staff members of the Mumbai Bench of the National Company Law Tribunal (NCLT) entered its third day on Thursday, with employees citing extreme financial hardships due to delayed salaries.   The employees have alleged that have not...

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Suchak Patel (IndiaSpend) 13 January 2025
India is currently benefiting from a large working-age population. However, by 2050, the elderly will make up more than 20% of the total population. The UN Population Fund's India Ageing Report from 2023 predicts that by 2046, there will be more elderly people than children aged 0 to 15. This...

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Ratna Singh (Bar  and   Bench) 10 January 2025
The Bombay High Court recently criticised the Indian Overseas Bank (IOB) for apathetically refusing to roll back a decision to transfer an employee to Chennai on promotion, even though the employee was willing to give up the promotion to take care of her disabled child in Mumbai.   A Bench of...

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Moneylife Digital Team 10 January 2025
Larsen & Toubro (L&T) chairman SN Subrahmanyan ignited a heated debate after suggesting that employees should work 90 hours a week, including Sundays, to remain competitive. His remarks, shared in a video message to employees, have drawn widespread criticism on social media. Not long ago,...

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The mantra is repeated often, and with unfailing regularity – “The only permanent feature of the marketplace is change”. And another variation – “Change is permanent”. Management gurus are never tired of repeating these – and students of management seem to be never tired of hearing them....

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