PERSONAL FINANCE


Reliance Super InvestAssure Plan will assure that 80% of your first year premium is pocketed by Reliance, and Max New York Life Secure Dreams plan will unsecure your dreams by securing 30% of your first year premium After Unit-linked Insurance Plans (ULIPs), ULPs (Universal Life Policies) are...

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Did you know that many insurers allow only seven days after hospital discharge to submit reimbursement claims? These rules are now being enforced strictly. Policyholders should be aware that a delay may invalidate their claims Did you know that many insurers allow only seven days for submitting...

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Moneylife Digital Team 13 October 2010
Nokia launched its much anticipated smartphone N8 with Ovi services at Rs26,259, which comes with a 12MP camera that can record HD quality video Mobile handset leader Nokia has launched the much-anticipated smartphone Nokia N8 with Ovi services. The N8, priced at Rs26,259 apiece, comes with the...

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Third party administrators have moved the Competition Commission to block public sector insurers from floating their own TPA entity. Will the private TPAs’ move hold water? Third party administrators (TPAs), intermediaries who handle insurance claims, have moved the Competition Commission of...

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Moneylife Digital Team 30 September 2010
New products, regulations, features and options, interpreted from your perspective Big dream, low return Since the Insurance Regulatory and Development Authority (IRDA) started clearing unit-linked insurance plans (ULIPs) according to the revised regulations, new and improved ULIPs are...

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While the principle of portability will definitely help policyholders, a number of issues need to be sorted out before it can see the light of day Mediclaim portability, under which one can carry over one's 'no-claims' or 'low-claims' medical insurance record to any other provider, is not...

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Despite news every now and then that the cashless facility will be started by PSU insurers at corporate hospitals in the four metros, there is hardly any progress in the matter The three-month-old imbroglio between public sector insurers and hospitals over the cashless facility remains...

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The scheme involves cross selling health, wellness, beauty and financial products under the garb of preventive healthcare Jiyo Fit is a new product launched by Bajaj Allianz General Insurance, Yes Bank and Visa. Under this, the policyholder can spend on partner gyms like VLCC, Talwalkars and...

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Moneylife Digital Team 23 September 2010
New products, regulations, features and options, interpreted from your perspective Benefits of buying policies online We are in a world dominated by technology. We do a lot of things online. How about buying insurance plans online? It's especially useful when you know what you want to buy and...

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Ravi Samalad 21 September 2010
Pension committee considers changing stipulation of minimum four annual contributions to pension scheme; is also looking at maximising gains for subscribers by reducing the time lag in the investment of funds and reducing record-keeping charges The New Pension System (NPS), which was thrown...

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Moneylife Digital Team 09 September 2010
The PFRDA is trying to get pension fund managers to push NPS. This makes no sense especially since fund companies are not able to sell even a tried and tested product like equity mutual funds If the chairman of the pension regulatory body has his way, we may soon witness a repeat of the havoc...

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Moneylife Digital Team 08 September 2010
New products, regulations, features and options, interpreted from your perspective IRDA Guidelines for Grievance Redressal You may have already seen the Insurance Regulatory and Development Authority's (IRDA) advertisements in leading newspapers to encourage anyone having an unresolved...

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Moneylife Digital Team 06 September 2010
The lender’s Net banking site has been down since yesterday, leaving a number of customers feeling completely helpless, that too when a strike call has been given by labour unions tomorrow The Net banking facility from HDFC Bank Ltd is down since yesterday, due to 'maintenance related'...

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In a freewheeling interview to Moneylife editors Debashis Basu and Sucheta Dalal in Hyderabad recently, J Hari Narayan, chairman of the Insurance Regulatory and Development Authority (IRDA), spoke on key insurance related issues On IRDA's attempt to reach out to policy-holders and creating...

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Munira Dongre 31 August 2010
Kotak Institutional Equities Research has come out with an analysis of the Direct Taxes Code (DTC) 2010 Bill, which will be effective FY13, if implemented. Kotak says that it sees the Bill as a short-term negative for corporate India, whose effective tax rate may actually go up by...

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Moneylife Digital Team 26 August 2010
Central government employees are getting an unfair deal with the NPS as politicians play politics and finance ministry plays safe Central government employees have missed out on one of the biggest bull runs, which would have given them the desired head start that they needed, and for no fault...

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Moneylife Digital Team 26 August 2010
Pinched by RBI’s scathing criticism of the inordinate delays in pension payouts to its customers, the state-run lender has put up advertisements in leading dailies, saying ‘We care for you’ Four months after Moneylife had reported that the Reserve Bank of India (RBI) had cracked down on the...

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The new PFRDA chairman’s initial thoughts to reform NPS: make fund managers compete on fees and performance! Yogesh Agarwal, the new regulator of the Pension Fund Regulatory and Development Authority (PFRDA), is keen to make the New Pension Scheme (NPS) work. NPS has not taken off so far...

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If you are hard up for cash and need the money immediately, consider pledging gold. But remember, there are serious pitfalls, explains Debashis Basu You can see their advertisements all over: Muthoot Finance, Muthoot Fincorp (the two entities are separate) and Manappuram Finance. They...

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RELIANCE HEALTHWISE A Policy You Can’t Rely On Don’t you wish your health insurance premiums were much lower? Well, a few years ago, Reliance General Insurance offered extremely cheap health plans. Except that it had an unwritten expiry date. And, so, after having hooked a large number of...

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