PERSONAL FINANCE


Naresh quit his assistant vice president (AVP) position in Citibank to head up retail in a new bank being set up in Dubai.   On his first morning at work, he was greeted by the vice-chairman (VC), who was in charge of the bank project.   “Congratulations and welcome, Naresh. ...

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Moneylife Digital Team 31 May 2023
In a significant decision, while cautioning banks to adopt a humanitarian approach, the Kerala High Court (HC) ruled that an education loan cannot be rejected due to the low credit score of the applicant student.    In an order, the bench of justice PV Kunhikrishnan observed, "While...

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Moneylife Digital Team 29 May 2023
Rejecting the Life Insurance Corporation of India's (LIC's) contention that there was a material suppression of the health condition in the proposal form by the deceased life assured (DLA), the national consumer disputes redressal commission (NCDRC) directed the insurer to pay a Rs4 lakh...

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No, I am not claiming to be an expert in American psychology. I am just sharing my own perception of the way Americans think.   After my previous article, a reader commended me on my “jugaad” method of getting A-s with minimum “majoori”. In a way, it implied that I (together with...

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Moneylife Digital Team 24 May 2023
While modifying an order passed by the Odisha state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) imposed an additional cost of Rs10,000 on United India Insurance Co Ltd.    In an order, the bench of Dr Inder Jit Singh (presiding...

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Moneylife Digital Team 23 May 2023
While upholding an order passed by the Rajasthan state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed SBI Life Insurance Co Ltd to pay Rs15.40 lakh along with interest at 9% to the wife of the deceased insured. It also directed the...

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The news keeps coming in. Two large slabs fell from the tenth floor of a building under construction in Mumbai, and killed two people who were having a chat on the street below. A road caved in and was the cause of vehicular accidents in which some people died. And the list goes on. And one...

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Sponsored Post 19 May 2023
As a doctor, you constantly strive to provide the best health care to your patients. Having the latest equipment and facilities can help you achieve this, but upgrading your practice is costly. Thankfully, a collateral-free, customised loan for professionals is a viable option to...

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Sponsored Post 18 May 2023
A pre-approved personal loan offers quick disbursal and flexible repayment options along with a host of other features, making it an ideal choice when you need funds immediately.   The typical, old-fashioned borrowing experience is quite contradictory to the fast-paced nature of...

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When I was a trainee in Hong Kong, I used to attend the weekly meetings of branch managers, purely as an observer. These meetings gave me an insight into the Bank’s corporate culture.   Most of the attendees were HK-Chinese branch managers, and the rest were British managers who...

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The first master in business administration (MBA) lecture I attended was a revelation.   People were lolling around in their seats, some in shorts and T-shirts, girls in halters, and a lot of coffee cups... so different from Indian Institute of Technology Kharagpur (IIT...

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Maya Miller (ProPublica) 11 May 2023
This story was originally published by ProPublica.   Learn how to request your health insurance claim file, which can include details about what your insurer is saying about you and your case.   When a health insurance company is deciding whether to pay for your medical...

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I was on a panel to interview candidates for a senior position in a large corporate house. There were two others – Mr Prabhu from finance and Mr Suresh from administration—both directors of the company. We had just begun with the fourth candidate out of the seven candidates who had been...

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Moneylife Digital Team 04 May 2023
While setting aside orders passed by fora below, the national consumer disputes redressal commission (NCDRC) says the death insurance claim rejected by Reliance Nippon Life Insurance Company Ltd was valid due to wilful misrepresentation of facts by the insured about his income in the proposal...

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The US will begin processing student visa applications for the Fall Session with the first batch of appointments available from mid-May.   "Attention students! In mid-May, the US Mission to India will open the first batch of appointments for the upcoming student visa season," the US...

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Abhay Datar 28 April 2023
I had discussed certain practical difficulties one may face while opting for a higher pension in my article. Though I received a few queries, I was unable to provide any solution for want of something authentic. All these queries were related to the amount of the likely pension. I kept...

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Moneylife Digital Team 28 April 2023
Setting aside an order passed by the Kurukshetra district consumer dispute redressal forum, the national consumer disputes redressal commission (NCDRC) reiterated that, for claiming insurance on accidental death, all relevant documents need to be submitted.    In an order, the bench...

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Moneylife Digital Team 22 April 2023
The income-tax (I-T) department sent notices to two large private banks in its ongoing investigation into possible malpractices involving commission payments made by insurance companies, says a report.   According to the report from Economic Times (ET), investigators from the tax...

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In May 2021, Phil Kotler celebrated his 90th birthday. In February 2023, he was awarded the lifetime achievement award at the Rise World Summit, organised in India (this must have been the umpteenth achievement award he would have received, over the past few decades). My path crossed Kotler’s...

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Moneylife Digital Team 19 April 2023
Upholding the orders passed by the fora below, the national consumer disputes redressal commission (NCDRC) directed Bank of Baroda to pay Rs1 lakh each as compensation to two students who had obtained an education loan. NCDRC held that there was a deficiency in service on the part of the Bank...

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