PERSONAL FINANCE


While the BCSBI has already laid down standards for the service quality, it has now to go a step further to standardise the systems and procedures that have a direct bearing on the customers to improve the quality of service by harnessing technology to the maximum extent  It goes to the credit...

Read More



Max Bupa, Apollo Munich and Star Health and other standalone insurance companies may benefit from IRDA’s bancassurance exposure draft while bank-promoted insurance companies like ICICI Pru Life, ICICI Lombard, SBI Life and HDFC Life will be adversely impacted The bancassurance exposure draft...

Read More



Moneylife Digital Team 24 November 2011
The standard variant of the Honda motorcycle is priced at Rs65,198 (ex-showroom, Delhi) Honda Motorcycle & Scooter India (HMSI) today launched a new variant of its 150 cc bike -- CB Unicorn Dazzler, priced up to Rs 66,198 (ex-showroom, Delhi.) The new Deluxe variant of CB Unicorn Dazzler...

Read More



Its business as usual even after two months of the IRDA circular which asked insurers to not reject claims on technical grounds. With no warning or penalty for specific insurers, will the IRDA circular be taken seriously?  Two months ago the Insurance Regulatory and Development Authority...

Read More



Moneylife Digital Team 23 November 2011
Charges are in line with those of other ULIPs Edelweiss Tokio Life Insurance, a new entrant in life insurance business, has launched three ULIPs (unit-linked insurance plans). Wealth Accumulation (Cover Plus) is targeted at customers looking for a balance between death benefit and...

Read More



IRDA’s guidelines on comparison websites will make it impossible for likes of PolicyBazaar.com and MyinsuranceClub.com to survive in their current form The Insurance Regulatory and Development Authority’s (IRDA) stringent guidelines for comparison websites are seen as a deathblow for likes...

Read More



Subrahmanyam B, vice president & head, health vertical, Bharti AXA General Insurance, speaks to Raj Pradhan ML: The Insurance Regulatory and Development Authority (IRDA) circular says that if an insurer does not respond to a portability proposal within 15 days, it is deemed to be accepted. How...

Read More



ML Digital Team 17 November 2011
Nielsen's dubious study According to Nielsen’s study on the life insurance sector and investment patterns, LIFE 2011, insurance products are the favourite of 60% of urban Indians as an investment option; they are likely to invest more than half of their investable surplus in these products...

Read More



ML Digital Team 17 November 2011
But who will service it? The Oriental Bank Mediclaim policy family floater policy is available for sum insured of Rs1 lakh to Rs5 lakh. For a policy of Rs5 lakh, the premium is as low as Rs6,705 a year. This product will be available to all Oriental Bank customers up to the age of 79 years. It...

Read More



ML Digital Team 17 November 2011
You can now revive ULIPS within two years The Insurance Regulatory and Development Authority has mandated insurers to allow policyholders to revive ULIPs (unit-linked insurance plans) in two years of the last premium paid, but not after the lock-in period of five years has expired. It is a good...

Read More



ML Digital Team 17 November 2011
L&T Insurance's novel scheme L&T General Insurance has launched its first product, my:health Medisure Prime. The key feature is that your postal pin code will determine your premium. “Hospitalisation is more expensive in Mumbai and Delhi compared to other cities. One of the reasons for this is...

Read More



Veeresh Mallik 17 November 2011
It may notch up the numbers, but competition is going to be fierce, says Veeresh Mallik The launch of the Hyundai Eon was supposed to be the game-changer again in the small-car market in India. But, after the price was announced, it appears to be one more in the list of ‘will-also-run’ in the...

Read More



Moneylife Digital Team 17 November 2011
PAN for Rs50,000 cash payment of insurance premium From 1st November, you need a permanent account number (PAN) for paying insurance premium of Rs50,000 (or more), if you intend to make insurance payment in cash. The new guidelines are aimed at curbing money laundering and dealing with the...

Read More



IRDA chairman appears to inclined towards the idea of guaranteed pension product even after scrapping of the 4.5% p.a guarantee. According to him, the pension ULIPs sold prior to 1 September 2010 were mis-sold as it was not really sold for pension needs The Insurance Regulatory and...

Read More



The online term life insurance market is heating up with more players entering the fray. The premium is now similar to personal accident cover offered by non-life insurance companies. Is it sustainable? Are the products priced too aggressively?  Many insurers like LIC, HDFC Life, Bharti AXA...

Read More



Moneylife Digital Team 14 November 2011
Currently around 68% of flats in Mumbai cost more than Rs1 crore while 95,000 flats have remained unsold which may take three years get absorbed. While the bad debts are increasing there are new funding avenues opening for realtors  The growing concern over bad loans, in addition to Moody’s...

Read More



SH Subramanian 14 November 2011
For banks- both nationalised and private, you are just a number. Be ready to dump them and move on – if you can afford to Often there's a valid question as to whether the banks- both nationalised and private -care about their customers. The answer is very simple; it cares to ensure that it...

Read More



Pension ULIP products will enter the market after 4.5% per annum guaranteed return has been scrapped, but some guarantee will ensure high exposure to debt and hence returns will not even beat inflation. Will customers shy away? The Insurance Regulatory and Development Authority (IRDA) has...

Read More



IRDA may allow agents to sell products of more than one company similar to opening bancassurance to two insurers. Will it help agents increase remuneration or confuse customers and undermine the intension of the change? Will it increase mis-selling? Insurance Regulatory and Development...

Read More



Moneylife Digital Team 05 November 2011
Prices for the all new Range Rover Evoque start at Rs44.75 lakh The all new Range Rover Evoque has reached India and will be launched from the Jaguar Land Rover corporate showroom in Mumbai. In India, the Evoque will be available in both 5 door and Coupe body styles. The Coupe is available...

Read More

Free Helpline
Legal Credit
Feedback