PERSONAL FINANCE


Moneylife Digital Team 07 January 2011
Star Health launches a health policy that does not require medical screening, and allows migration to plans with renewal beyond the age of 69. Another for couples also clubs maternity benefits Star Health and Allied Insurance Company has launched two new products-a health policy with dual...

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After Jaslok Hospital, other hospitals are lining up to join the preferred provider network in a major breakthrough for insurers that will bring relief to mediclaim policyholders To the relief of the consumers, more and more hospitals are joining the Preferred Provider Network (PPN). Jaslok of...

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Comparison and aggregator sites on financial products offer information, plans, advice & transactions. Is it safe and smart to use them? You go to a website, search various options to buy financial plans, funds, insurance, loans, credit cards, bank products and corporate fixed deposits. You...

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Moneylife Digital Team 30 December 2010
The new name given to universal life plan (ULP) is variable insurance plan (VIP), but it should not get VIP treatment from investors as the returns will be as pathetic as those of other traditional products. VIPs will only be offered under non-unit-linked platform, implying that they will now be...

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Moneylife Digital Team 30 December 2010
If the insured live longer, insurance companies have less to pay by way of mortality charges. So, increasing longevity should lead to lower mortality charges. But many insurance companies have increased it probably because it is outside the purview of IRDA’s cost cap. It may be just another...

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Moneylife Digital Team 30 December 2010
A mediclaim policy only reimburses the expenditure incurred on the treatment of the illness at a hospital. There are several other expenses that are, typically, incurred which mediclaim policies do not reimburse. Expenses such as travel, attendant’s lodging, loss of income (for the patient...

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Moneylife Digital Team 30 December 2010
Bharti Axa Life Insurance has used this insight to promote its insurance package, with a promise that claims will be settled within 48 hours flat. The promise is only applicable for ULIPs and not for term insurance. The insurer will settle only the fund value of the plan and not the sum assured....

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Moneylife Digital Team 30 December 2010
HDFC Life has jumped on to the bandwagon of the popular single-premium ULIPs with its ProGrowth Maximiser. The single premium charges have not changed much since 1st September when the new IRDA guidelines became effective. ProGrowth Maximiser provides three investment options—highest NAV (net...

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Moneylife Digital Team 29 December 2010
The home owner's obligation to pay the loan is deferred until the owner/annuitant dies and then the home is either sold by the bank or the legal heirs reclaim the property by repaying the interest portion only, because the principal or amount equal to the purchase price will be returned by SUD...

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Moneylife Digital Team 28 December 2010
Mobile technology will make banking services accessible to very small habitations where setting up a branch is unfeasible, according to Dun & Bradstreet Business information provider Dun & Bradstreet (D&B) says it expects mobile technology to drive the next leg of banking sector growth, which...

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Reliance General market share has dropped to 3.87% in Apr-Sep 2010, from 6.22% in the previous corresponding period. Data reveals that the decrease in business is across most segments Reliance General's gross premium underwritten is down by over 21%. This is at a time when the general...

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New ULIPs that are hardly better than the old ones, the ban on ULPs, and mediclaim policyholders hit by the cashless imbroglio. It’s been a tumultuous ride for insurance customers in 2010 Given the frequent headlines about various interventions by the Insurance Regulatory and Development...

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Given that a lot of Indians are sitting on significant wealth, especially from stocks and real estate, proper Will and Nominations are a must. Sucheta Dalal tells you all that you need to know about this vital but ignored area of personal finance   Inheritance battles seem the norm for...

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Moneylife Digital Team 16 December 2010
But you should consider these other factors as well The convenience of buying insurance online needs no elaboration. There are times when one needs to buy insurance for tax savings before the end of a financial year. If you are running out of time or need savings on premium, you can go online....

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Moneylife Digital Team 16 December 2010
Share your costs with the insurer ‘Co-pay’ simply means that the policyholder pays a certain percentage of medical costs while the rest is paid by the insurer. The percentage can vary between 10 and 30 in most cases. If your co-pay is 20% and the claim amount is Rs1 lakh, you will shell out...

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Agents are luring customers through SMSs to buy insurance, using gold as a bait. These fly-by-night operators even insist that you sign up for the policy in the first meeting itself. But don’t fall for this, whether it is insurance, pension or any other investment Dubious investment,...

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Moneylife Digital Team 02 December 2010
Videocon Mobile Phones has launched Ducati Series Mobile Phone-V6200. The mobile is available at a MRP of Rs11,900 and best buy price of Rs9,500 at all leading retailers. The phone has a 2.4 inch display having a resolution of 240×320 pixels with 262K colours. It's got a 2MP camera with video...

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Moneylife Digital Team 01 December 2010
Toyota Kirloskar Motor has launched the Etios sedan, marking the company's entry into the highly competitive B Segment in India. The Etios sedan will be available in four variants, J, G, V and VX, priced between Rs4.96 lakh and around Rs6.86 lakh in ex-showroom Delhi. The product highlights...

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Moneylife Digital Team 01 December 2010
Are these options really worth it? You realise the importance of having health insurance in times of rising medical bills and expensive new forms of treatments; then you get the cover of a health insurance policy for yourself and your family—only to find that the insured amount is insufficient....

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Moneylife Digital Team 01 December 2010
The Insurance Regulatory and Development Authority (IRDA) has finally woken up to the ill-effects of universal life policies (ULPs) and imposed a ban overnight. The question to ask is: Why were these products allowed in the market in the first place? It gave insurers ample time to make a...

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