PERSONAL FINANCE


The Damodaran committee report is full of homilies and general statements rather than action points suited to the Indian ground reality After 13 months of deliberations and so much of drama over its release, the report of the Damodaran committee on customer services in banks has turned out...

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Moneylife Digital Team 25 August 2011
Will the lure of monthly income work for Max New York Life’s new non-participating money back insurance plan? Max New York Life Insurance has launched a traditional non-participating money back insurance plan, called ‘Guaranteed Monthly Income Plan’ which promises regular income flow....

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Moneylife Digital Team 25 August 2011
IRDA reviews stance on guaranteed rate, proposes to expand pension product options The Insurance Regulatory and Development Authority (IRDA) had earlier mandated all pension products to ensure a guaranteed rate of 4.5%pa which was also indexed to the reverse repo rate of the Reserve Bank of...

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Moneylife Digital Team 24 August 2011
The new Tata Vista price starts from Rs3.88 lakh (ex-showroom Delhi) for the Safire petrol range and from Rs4.79 lakh for the Quadrajet diesel range (ex-showroom, Delhi) Tata Motors today launched the new version of its premium hatchback, the Tata Vista. The new range will be available at...

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Moneylife Digital Team 22 August 2011
A study by FICCI, IBA and BCG highlights that the banking industry is growing in the right direction, but it lags behind global benchmarks in areas like staff deployment and that there is a need for a major overhaul of debt management Highlights of a banking industry study by FICCI, IBA and...

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Moneylife Digital Team 19 August 2011
CVC accuses Ramnath Pradeep of violation of bank norms to favour some corporate houses in disbursal of loans and of granting undue favours. Asks finance ministry to seek explanation and take appropriate action The Central Vigilance Commission (CVC) has indicted Ramnath Pradeep, chairman and...

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IDBI Federal Wealthsurance Dreambuilder ULIP has many good features with appreciable flexibility, although high mortality charges is a drawback IDBI Federal Wealthsurance Dreambuilder is a regular premium ULIP that offers a range of fund options, with flexibility and benefits bundled...

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At a time when the ULIP market is in turmoil, IndiaFirst has launched its health ULIP. Mediclaim cashless approval is normally a huge problem, especially with government insurers. Will IndiaFirst’s tech-savvy approach for cashless approval work without the policyholder having to make a call or...

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Moneylife Digital Team 11 August 2011
Guaranteed returns from Bharti AXA Monthly Income Plan: just 2.5% a year! Bharti AXA Life Insurance—Monthly Income Plan is a traditional policy that guarantees a monthly income for a certain period, called ‘monthly income benefit period’ during the policy term which can be 15, 25 or 30...

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Moneylife Digital Team 11 August 2011
Birla Sun Life Protector offers higher sum assured without increase in premium Birla Sun Life Insurance Company has launched new term plan offerings—‘Protector’ and ‘Protector Plus’. These offer flexibility to customers by giving them the option to increase their sum assured by 5% or 10%...

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What senior citizens expect is personalised service and understanding of their needs with a humane touch. But the report does not contain any specific suggestion to meet several special requirements of the elderly—the Committee has only made a few generalised statements The report on banking...

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Moneylife Digital Team 11 August 2011
Future Generali Bima Advantage costs a packet for enhanced cover Future Generali Bima Advantage is a ULIP (unit-linked insurance plan) that offers an option to possibly double your insurance cover if taken at inception. However, this will be suitably reduced if the enhanced insurance cover...

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Moneylife Digital Team 11 August 2011
Motor insurance for diesel engine cars may be hiked Insurance companies in India are said to be considering hike in premium by 30% for diesel engine cars when compared to equivalent petrol-fuelled cars. The insurers are contemplating the premium hike for diesel cars because such vehicles are...

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Moneylife Digital Team 11 August 2011
According to the Deposit Insurance and Credit Guarantee Corporation, fully-protected accounts, where the deposit amount does not exceed Rs1 lakh, made up an astonishing 89% of the total number of accounts. Around 88% of the premium money comes from private and public banks—the beneficiaries of...

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This is the insurance world’s best-kept secret. For the first time ever, Raj Pradhan reveals and analyses the products that can cover you and your family—at the most inexpensive premium Five years ago, Jagdish Kumar (name changed)wanted to buy mediclaim for his family. He spoke to many...

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Moneylife Digital Team 09 August 2011
Larger banks being made to bear the burden of the failure of poorly regulated co-operative banks The only beneficiaries of the deposit insurance premium collected by the Deposit Insurance and Credit Guarantee Corporation (DICGC) are badly-run and politically-influenced co-operative banks.

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New India Assurance has coughed up Rs1 lakh as penalty for not replying to a client for seven months and ignoring the insurance regulator for a couple of months. Surprisingly, the complaint was not a valid one It may sound strange, but the Insurance Regulatory and Development Authority (IRDA)...

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Moneylife Digital Team 09 August 2011
Volumes may be still low compared to metropolitan cities, but higher yields, especially in home and two-wheeler loans, is making business more profitable in these places The prospects for corporate lenders in the retail sector are brighter today in tier-2 cities like Lucknow, Ludhiana,...

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Rituraj Bhattacharya of Bajaj Allianz Life Insurance says a typical Indian household has insurance as an investment avenue today, as it offers diversification and an opportunity to balance the investment portfolio Rituraj Bhattacharya, head of market management & product development at Bajaj...

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Moneylife Digital Team 08 August 2011
Can you inherit company shares even if you are just a nominee? Many people keep their savings in bank deposits as they feel that bank deposits are the safest among different modes of investment; while there are others who invest in shares & debentures, real estate, insurance, etc. A...

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