PERSONAL FINANCE


Moneylife Digital Team 06 April 2012
When combined with Sony's Iris 3 technology of 1,000,000:1 dynamic contrast, the projector can produce screen sizes of up to 200 inches diagonally for cinematic viewing in the comforts of a home, an official statement said Sony India launched 4K home theatre projector systems with 3D...

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Moneylife Digital Team 06 April 2012
Speaking at the New York auto show, Jaguar Cars global brand director Adrian Hallmark said, “F-Type will mark the British marque's re-entry into a segment that it has been absent from for too long.” Tata Motors-owned Jaguar said it will re-enter the sports segment with its 'F-Type' super car...

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KP had illegally availed of over Rs800 crore from the banks in cahoots with the chairman and his son. Soon after, SEBI passed an order barring KP from the capital market for 14 years. In February 2012, the office of the custodian, appointed under the Special Courts Act of 1992, filed a...

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Moneylife Digital Team 05 April 2012
Service tax impact on life insurance policies Increase in service tax from 10.3% to 12.36% on the policy charges will increase the premium as it would be passed on to consumers. Service tax is applicable on charges like mortality, fund management, policy allocation charge and policy...

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Moneylife Digital Team 05 April 2012
Edelweiss Tokio Life Insurance Cashflow Protection and Aegon Religare Life Insurance Flexi Money Back Insurance Plan are the new money-back plans in the market. These traditional products offer regular income at specified intervals in addition to the maturity benefit. These products are for...

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Moneylife Digital Team 05 April 2012
Sahara India Life Insurance has launched Sahara Vatsalya Jeevan Bima to tap into the lucrative child plan business. Traditional child plans offer assured returns but, unfortunately, most of these products offer low returns if the life assured survives. In case of demise of the life assured, the...

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Moneylife Digital Team 05 April 2012
The Union Budget 2012 offers Rs5,000 tax deduction for preventive health check-up. This will be allowed irrespective of whether you have health insurance or not. It is a boost for hospitals. Customers over 40 years of age are interested in yearly check-up which may not be offered for free even...

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Moneylife Digital Team 05 April 2012
The Union Budget 2012 increased the minimum insurance requirement from five to 10 times the premium to qualify for full tax benefit at entry under Section 80C and at exit under Section 10(10D). There are many existing products like money-back traditional and single premium plans which do not...

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Moneylife Digital Team 05 April 2012
ICICI Bank has launched a new card for the super affluent segment and the Bank’s wealth management clientele called ICICI Bank Sapphiro. The card is linked to a single card account with a single statement and single fee. It provides access to a host of privileges from American Express and...

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Moneylife Digital Team 05 April 2012
In a move that would help a large number of home loan customers to reduce their interest burden, State Bank of India (SBI) has decided to allow them to re-price their existing loans at lower rates. The switchover will be subject to a small fee 1% of the outstanding loan amount. The move is...

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Moneylife Digital Team 05 April 2012
MetLife India Insurance Company has launched Deferred Monthly Income Plan (DMIP). It is not a pension plan which has an accumulation phase and annuity phase. It is a retirement plan which has an accumulation phase of five to seven years and monthly payout phase starting from year 11 of your...

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Moneylife Digital Team 05 April 2012
LIC Jeevan Vriddhi is a classic Jan-Feb-Mar plan for tax-savers seeking to invest up to Rs1 lakh to save income tax under Section 80C. It is a single-premium traditional plan offering guaranteed maturity sum assured (SA) along with loyalty addition (if any) after completion of the policy term...

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Moneylife Digital Team 05 April 2012
Mis-selling is common but so is mis-buying. Savers make dozens of mistakes while buying financial products—partly because they are careless and partly because we humans find it hard to deal rationally with money. A report by Sucheta Dalal, Debashis Basu with Aditya Govindaraj studded with...

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Moneylife Digital Team 04 April 2012
SBI Life Annuity Plus is a competitive immediate annuity product. Immediate annuity plans provide a fixed stream of income at regular intervals throughout the life of the annuitant. The annuitant can subscribe to the plan by choosing a lump sum or the desired regular fixed income for life,...

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Moneylife Digital Team 03 April 2012
The new Fluence will be powered by 1.5 litre diesel engine, which will give a mileage of 20.4 kilometre per litre Car maker Renault India launched a new diesel variant of its premium sedan 'Fluence' in the country, priced at Rs15.2 lakh (ex-showroom, Delhi). "Fluence was the first offering...

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Moneylife Digital Team 29 March 2012
The all new 'iGen i20' from Hyundai will replace the existing i20. Hyundai Motor India (HMIL) has launched a new version of its premium compact car i20 priced up to Rs 7.67 lakh (ex-showroom Delhi). The all new 'iGen i20' will replace the existing i20. The petrol variants of the new...

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Moneylife Digital Team 29 March 2012
IDBI Bank launched the country’s first online G-Sec portal ‘Samriddi’ to enable retailers to purchase government bonds and securities. Observing that retail investors’ participation in government bonds and securities was much lower in India than countries like Japan, Mexico and Argentina,...

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Moneylife Digital Team 29 March 2012
SBI Cards and Payment Services Pvt Ltd launched two new initiatives. The first called ‘No Income Documents’ simplifies procedures for existing mortgage and auto loan customers as it eliminates the need to provide income documents while applying for a new card. Kadambi Narahari, CEO, SBI...

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The press and the media have ignored RuPay, which can bring about a revolution in India. But the ordinary bank customer can help spread the good word The press and the financial and business channels have...

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Anil Agashe 27 March 2012
Goldman Sachs executives invariably described their clients as ‘muppets’, a disparaging term equivalent to ‘bakras’ in Hindi. Indian banks seem to have similar attitude to their customers, according to this first-hand account I am a “classic customer” (whatever that means) of HDFC Bank....

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