PERSONAL FINANCE


Moneylife Digital Team 21 May 2024
Holding the Life Insurance Corporation of India (LIC) responsible for not informing the employer of the insured as well as the insured regarding paying the due premium, the national consumer disputes redressal commission (NCDRC) directed LIC to pay Rs4.70 lakh with an interest of 9%pa (per...

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Moneylife Digital Team 17 May 2024
In a landmark move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has become India's first and only housing regulatory body to issue detailed regulations for retirement housing projects after model guidelines were issued by Union ministry of housing and urban affairs (MoHUA) in...

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Beyond the many benefits that the corporate umbrella gives us, and which were outlined in a previous article , there are even more that one can list out, like:   Group Insurance  It is a form of group insurance. The individual may perform poorly for some time, but the company goes on. The...

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Moneylife Digital Team 16 May 2024
Rejecting the Life Insurance Corporation of India (LIC)'s contention that the insured failed to disclose diabetes and an earlier operation for the removal of gall bladder, the national consumer disputes redressal commission (NCDRC) directed the insurer to pay Rs19.75 lakh, the entire death...

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Moneylife Digital Team 15 May 2024
Upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed United India Insurance Company Ltd to refund the excess premium charged from the policyholder for two years and pay Rs27,000 as compensation and cost of litigation.    In an order last...

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Moneylife Digital Team 13 May 2024
Top executives of Reserve Bank of India (RBI) are scheduled to meet the top management of asset reconstruction companies (ARC) this week to discuss corporate governance and stressed-asset resolutions amid concerns of potential back-door entry by defaulting promoters, says a report from Economic...

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Sponsored Post 09 May 2024
Recently, the Indian government introduced new draft rules regarding motor third-party insurance policies. These rules are important for all vehicle owners as they affect the premiums they pay for insurance coverage, especially for cars. Let's understand the details of these rules and what they...

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Abhay Datar 03 May 2024
The insurance regulatory and development authority of India (IRDAI) has recently removed the age limits on health insurance policies. This news has delighted all age groups of people, particularly senior citizens. While it seems a welcome step, we must assess the new provisions and their...

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(This is second part of Lessons from the Past 100: Values and the Manager - Timeless Principles)   #5 A Life without Problems Is Impossible    Most of us are looking for an ideal life, where we will encounter total happiness and contentment without any clouds of sorrow. But this never...

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Moneylife Digital Team 29 April 2024
After coming across instances of lenders resorting to certain unfair practices in charging interest, Reserve Bank of India (RBI) has directed all regulated entities (REs) to review their practices regarding the mode of disbursal of loans, application of interest and other charges and take...

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Moneylife Digital Team 26 April 2024
Reserve Bank of India (RBI) has released draft guidelines for a regulatory framework for the aggregation of loan products by lending service providers to enhance transparency and enable borrowers to have prior information about potential lenders.    RBI says it observed that many of the...

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Moneylife Digital Team 25 April 2024
While upholding orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed National Insurance Company Ltd to pay an insurance claim of Rs2.10 lakh for car theft and Rs30,000 for harassment and litigation expenses. NCDRC also rejected National Insurance's...

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Shreehari Paliath (IndiaSpend) 24 April 2024
The COVID-19 pandemic has had the most impact on jobs and livelihoods in the last five years. Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the rural jobs programme which guarantees 100 days of work per household, had become a lifeline for millions of rural workers. A majority of...

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Sponsored Post 23 April 2024
In today's world, where our financial choices greatly impact our lives, it is crucial to understand our credit health. Whether you aspire to own a home, purchase a car, or plan a vacation, a good credit score can be the critical factor that helps you achieve these dreams. In this guide, we will...

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Sponsored Post 22 April 2024
Retirement planning is a critical aspect of financial well-being, yet it is often overlooked or postponed by many until it becomes a pressing concern. In India, with a growing awareness of financial planning and investment, individuals are increasingly looking towards the share market not just...

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Moneylife Digital Team 16 April 2024
Pointing out three mischiefs played out by Life Insurance Corporation of India (LIC) with policy documents, circular and proposal form, the national consumer disputes redressal commission (NCDRC) directed LIC to pay Rs21.75 lakh with an interest of 6%pa (per annum) to the nominee of the...

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Moneylife Digital Team 16 April 2024
The Reserve Bank of India (RBI) has asked all banks and housing finance companies (HFCs) to provide key fact statements (KFS) in simple terms to the prospective borrowers on the loans and interest that they are expected to pay to ensure transparency and help them make informed...

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Moneylife Digital Team 16 April 2024
Almost 70% of mobile users felt confident verifying the loan apps, despite following a sub-optimum verification process. However, over a third of high-confidence customers exhibit low awareness about factors to detect illegal lending apps, according to a survey.   To systematically understand...

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Moneylife Digital Team 15 April 2024
While upholding an order passed by the Gujarat state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed SBI General Insurance Co Ltd to pay the Rs20 lakh death insurance claim with an interest of 9%pa (per annum) to the mother and...

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The Delhi High Court has dismissed a petition to postpone the chartered accountants (CA) intermediate and final examinations due to the Lok Sabha polls in May.   The petition, moved by 27 candidates, proposed shifting the examination dates from May to June to avoid clashes with the election...

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