PERSONAL FINANCE


Amitabha Banerjee Amitabha Banerjee 04 March 2022
If you happen to be the new boss, you may have to turn detective to unearth the misdeeds of your predecessor —ASAP. Otherwise, your 'honeymoon period' of three months might get over, and then you will not be able to pass off these misdeeds as someone else’s creation, and will have to carry...

Read More



IANS 28 February 2022
Every year thousands of students from India go to Ukraine for medical education. A big reason for this is the facilities and cheap medical courses offered to the students in Ukraine and the recognition given to Ukrainian universities across the world.   The cost of medical education...

Read More



Saket Hishikar Saket Hishikar 28 February 2022
In 2019, I wrote a critical analysis of how the pension schemes promoted by the Central government (such as the Atal Pension Yojana (APY), or the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) were moving in the opposite direction from the pre-decided trajectory in 2003 when the new (now...

Read More



Walter Vieira Walter Vieira 25 February 2022
While we need to hold our peace and refrain from spouting inappropriate and irrelevant comments, we are also enjoined by all management texts to encourage transparency in our operations and communications. Then the question arises: Does transparency in communications mean brutal...

Read More



IANS 24 February 2022
The Indian government owned General Insurance Corporation of India (GIC), a reinsurance company is facing a multimillion dollar lawsuit in the US filed by AM Re Syndicate Inc.   The US based AM Re, a reinsurance provider, has filed a suit for $115 million against GIC for cancelling...

Read More



IANS 24 February 2022
The Indian government owned General Insurance Corporation of India (GIC), a reinsurance company is facing a multimillion dollar lawsuit in the US filed by AM Re Syndicate Inc.   The US based AM Re, a reinsurance provider, has filed a suit for $115 million against GIC for cancelling...

Read More



Amitabha Banerjee Amitabha Banerjee 18 February 2022
Ahhmmm…….that is me! Let me explain.   The executive assistant to the chief executive officer (CEO) arrived in Kolkata on a tour around India, explaining the new organisation structure to the management team.   The organisation chart included a hitherto non-existent box –...

Read More



IANS 12 February 2022
The Supreme Court on Friday held that an insurance company cannot reject a claim on the basis that there was a delay in communicating the theft of a vehicle to it.   A bench of Justices Sanjiv Khanna and Bela M. Trivedi said: "When the complainant had lodged the FIR immediately after...

Read More



Walter Vieira Walter Vieira 11 February 2022
Today, in the 21st century, we talk more and more about networking than we ever did in the past. There is much said about opportunities for networking, the benefits of networking and training oneself for networking. Many of the successful people I have met have been those who have been able...

Read More



IANS 08 February 2022
The paid up capital of the Life Insurance Corporation of India (LIC) stands at Rs6,324.99 crore as on 31 December 2021, said Bhagwat Karad, minister of state for finance.   In a written reply to a question raised in the Rajya Sabha, Mr Karad on Tuesday said the Central government on...

Read More



Amitabha Banerjee Amitabha Banerjee 04 February 2022
I was given a tough assignment: set up non-resident Indian (NRI) banking in the Middle East.   Our bank was already three years behind Citi, Grindlays, and StanChart plus several nationalised banks, which made the task quite daunting.   I developed a marketing plan, complete...

Read More



Walter Vieira Walter Vieira 28 January 2022
I was looking back at a foreign company that had started in India in the 1960s. They had a few well-known brands but had only a notional presence in India. They were keen to come into the country in a big way. They were careful to select an outstanding executive to be their first chief...

Read More



Amitabha Banerjee Amitabha Banerjee 21 January 2022
One of my first tasks, as branch manager, was to make courtesy calls on the most important corporate clients of the branch to introduce myself and establish good connections. My main point of contact with these clients was the head of finance because he was the person who dealt with banks and...

Read More



Cured of Covid-19 and wanting to buy a life insurance policy? Then wait for a period ranging from one to three months, say life insurers.   This has been the practice of some life insurers during the first wave of Covid-19 and now practiced by others as well," a senior insurance...

Read More



Amitabha Banerjee Amitabha Banerjee 07 January 2022
I was the manager of the BBD Bagh branch in Calcutta, reporting to the manager - eastern India.   I was always on the lookout for some new business so that I could increase the profits of my branch.   In the process, I came across a non-customer who was importing timber on a...

Read More



The Insurance Regulatory and Development Authority of India (IRDAI) has capped the quantum of surety insurance contracts for an insurer at 10% gross premium written subject to a maximum of Rs500 crore per year.   IRDAI has also stipulated that  non-life insurers wanting to underwrite...

Read More



Reinsurers operating in India are forcing disciplined risk underwriting practices in primary insurers in the life and non-life sectors, rather than the latter's promoters.   Recently, life insurers decided to hike their premium rates for term insurance policies following pressure from...

Read More



Walter Vieira Walter Vieira 31 December 2021
There are times in life when it pays to pretend ignorance, when you pretend to know not – but actually, you do know! Especially when it comes to managing your boss – whether in the world of commerce or in politics.   Here are 8 basic rules that have always helped people survive and...

Read More



Moneylife Digital Team 29 December 2021
An insurer cannot reject a claim by citing an existing medical condition disclosed by the insured person in the proposal form, once the policy has been issued, the Supreme Court (SC) has said. The SC held that no insurance company can refuse a mediclaim citing that the policyholder only...

Read More



Moneylife Digital Team 24 December 2021
Given the pervasive impact of technology in education, many education-technology (ed-tech) companies offer courses, tutorials, and coaching for competitive exams online. However, the Union government has warned parents and students to be careful while opting for online content and coaching...

Read More

Free Helpline
Legal Credit
Feedback