PERSONAL FINANCE


Sayali Mahashur, Amiti Varma  and   Arjun Kapoor 05 August 2021
Almost 10.6% of India’s population lives with a mental illness, shows data from the National Mental Health Survey (NMHS) in 2016. However, even today, it is difficult and costly to access health services and care for mental illnesses across the country. Although health insurance for mental...

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Walter Vieira Walter Vieira 04 August 2021
In the years gone by, we just greeted our neighbours and others we met on the road with a ‘Good morning’ or a ‘Good evening’ as may be appropriate for the time of day. Everyone said this and moved on.    Over a period, this greeting often transformed to ‘How are you doing?’ One is...

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To safeguard the interest of its customers, the State Bank of India (SBI) has launched a new security feature -- SIM Binding in YONO and YONO Lite.   The new version of these platforms will protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite...

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Many of us in the corporate world would have been taught, through reading and through lectures that jealousy and envy, kill those who feel jealous – rather than those who are the target of the jealousy. Therefore, most mature individuals, who believe in spirituality and in humanity, will try...

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Moneylife Digital Team 27 July 2021
The Delhi High Court (HC) has directed Reserve Bank of India (RBI) to come out with a clear stand for regulation of online lending platforms which are charging exorbitant interest rates from borrowers.    A report from LiveLaw says that  a division bench of chief justice DN Patel and...

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Moneylife Digital Team 27 July 2021
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a new facility for instant verification of bank accounts for enhanced due diligence and to ensure timely credit of National Pension System (NPS) funds after withdrawal by eligible subscribers from the scheme. ...

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Moneylife Digital Team 26 July 2021
Provident fund (PF) or employee provident fund (EPF) is a popular government of India run scheme, which functions as a useful social security net for individuals employed with eligible organizations. Under the scheme, the employees contribute around 12% of their basic pay plus dearness...

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Buying a life insurance plan for the family can be a daunting task for anyone. While there are many advantages, there are also many options to choose from. Life or health insurance plans come with their own set of benefits that can differ from each insurance provider, but all of them offer a...

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Amitabha Banerjee Amitabha Banerjee 23 July 2021
The British Raj had ended nearly three decades ago, but Douglas Kenneth Archibald White had kept the Imperial torch burning. He was the manager of our Delhi branch, where profit was not of much importance, but “pucca”ness was.     The previous year the branch had indeed reported a...

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A motor insurance policy is a crucial policy that covers your vehicle against loss or damage caused due to natural or man-made disasters. In India, the Motor Insurance Act, 1988 mandates a vehicle owner to purchase a third-party insurance policy before taking their vehicles on road. While it...

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Moneylife Digital Team 21 July 2021
HDFC Ergo has launched a new health insurance product Optima Secure with exciting new features. The policy doubles your base sum insured cover when you buy, offers bonus 50% of base cover at renewal and even covers the cost of consumables. Let us find out if it is worth the...

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A good CIBIL score can pave the way for easy and fast credit, whether you need funds for urgent expenses or to meet your life’s goals. While your CIBIL score isn’t the only aspect of your application or profile that is assessed by lenders, it is certainly an important one. While the score...

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Moneylife Digital Team 16 July 2021
India’s largest state-run lender State Bank of India (SBI) has issued a warning about ‘phishing links’ to its customers. SBI has alerted its customers not to click on links containing ‘gift from the national bank’ and ‘freebies’ if received on their mobile number or email ID. SBI disclosed...

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Moneylife Digital Team 16 July 2021
SBI General Insurance has launched a new comprehensive health insurance policy called Arogya Supreme. The policy offers a wide variety of benefits that are designed to provide for your medical emergencies and needs.   We will look into the features of the policy and find out whether...

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There are times in life, when it pays to pretend ignorance. When you pretend to know not – but you do know!  Especially when it comes to managing your boss – whether in the world of commerce or in politics.   Here are nine basic rules which have always helped people to survive and to...

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Moneylife Digital Team 09 July 2021
Premium charged toward health insurance plans rose during the quarter ended 30 June 2021, according to the health insurance price index report by PolicyX. The report tracks the premium charged by the top-6 health insurance companies in India.   A higher than usual claims experience as...

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Amitabha Banerjee Amitabha Banerjee 09 July 2021
This (final) narrative about T is not one I have witnessed at first hand, unlike all the preceding ones. Nevertheless, I have every reason to believe that it is true.   T got an offer that he just could not refuse, that of the chief executive (CEO) of a major bank in a neighbouring...

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In fresh trouble for the State Bank of India (SBI), hackers of Chinese origin are targeting bank users with phishing scams, asking them to update their KYC using a particular website link and offering free gifts worth Rs 50 lakh from the bank via a WhatsApp message, cybersecurity researchers...

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Moneylife Digital Team 06 July 2021
Close on the heels of revised charges from State Bank of India (SBI), private sector lender ICICI Bank is now rolling out revised limits of cash transactions, ATM interchange and cheque book charges for its savings account holders from next month onwards.    ICICI Bank's portal has...

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Moneylife Digital Team 06 July 2021
The central information commission (CIC) has stayed the order of the first appellate authority (FAA) of the Reserve Bank of India (RBI) for the release of information on non-performing assets (NPAs) and top defaulters of the Saraswat Co-operative Bank Limited. This is the first time a stay...

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