PERSONAL FINANCE


Moneylife Digital Team 03 September 2021
Edelweiss Tokio Life has launched a new term life insurance called Total Protect Plus. The pure-risk insurance plan provides life cover up to age 100 years, including a host of optional riders to enhance the cover.   Term life insurance is a useful product to protect dependents from...

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Amitabha Banerjee Amitabha Banerjee 03 September 2021
Diego Alphonso Dias, known in the bank as DAD, was truly paternal.    He was a veteran in the bank and the head of finance, having risen from the lowly rank of OBC (office slang meaning ‘ordinary bloody clerk’ – no offense intended to anyone) to this elevated position by dint of sheer...

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IANS 03 September 2021
HDFC Life Insurance Company Limited (HDFC Life) on Friday announced the acquisition of Exide Life Insurance Company Ltd (Exide Life) from Exide Industries Ltd for Rs 6,687 crore.   The process for merger of Exide Life into HDFC Life will be initiated on completion of the acquisition....

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Venkatachari Jagannathan (IANS) 31 August 2021
Suspense continues on whether vehicle-buyers will have to shell out a huge amount towards insurance premium upfront for five years from Wednesday onwards to comply with the Madras High Court's order.   As things stand now, new car-buyers in Tamil Nadu, from Wednesday onwards, have to...

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Moneylife Digital Team 27 August 2021
Earlier this year, the insurance regulator announced a standard pension product called Saral Pension. The standard pension plan is mandated to be offered by all life insurers who sell pension products. Anyone of age 40 years to 80 years can buy this pension plan and start to earn fixed...

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The families of deceased bank employees will receive up to 30 per cent of the last drawn salary of the employee under the National Pension Scheme (NPS).   Contribution made by PSBs for employee pensions under the National Pension Scheme has been hiked to 14 per cent from the earlier...

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Amitabha Banerjee Amitabha Banerjee 20 August 2021
My partner and I had been manning our forex dealing room for a few months with little success when a game-changer arrived – the Reuters screen.    Hitherto, we had no way of knowing what the international exchange rates were, except by contacting an overseas dealing room through the...

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Moneylife Digital Team 18 August 2021
In a path-breaking judgement the Gondia District Consumer Disputes Redressal Commission has directed the State Bank of India (SBI) to reverse the disputed transaction of Rs18.36 lakh into the customer's bank account.   The Commission even directed SBI to recover the money from the...

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The Ministry of Education has offered a fresh opportunity to all those students who could not register themselves for the Joint Entrance Examination (JEE) Main till now. All such students can now register themselves for the exam on Wednesday. Earlier, the registration process had been...

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Moneylife Digital Team 11 August 2021
Indian banking customers are being targeted by a new type of phishing attack using the ngrok platform (a web service provider). The malicious actors have abused the ngrok platform to host phishing websites impersonating internet banking portals of Indian banks. Using these phishing websites,...

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Walter Vieira Walter Vieira 11 August 2021
It was the first day of work for me as a medical representative (MR) and I began with the first doctor on the list given to me. For me, it was a tense interview—my first. When I was going to my second, I met another MR on the road.    He said hello. He introduced himself as Joe and...

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Moneylife Digital Team 09 August 2021
Health insurance is a useful product in one’s financial planning. It protects your finances from getting drained due to huge bills occurring from medical emergencies and critical illnesses.   Health insurance can be bought as an individual policy to protect only self or as family...

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Rajendra H Gill 07 August 2021
The Reserve Bank of India (RBI) has done it again.   The public auction, yesterday, of the new benchmark 10-year GSec (6.10% GS2031) witnessed decent investor participation with a bid-cover ratio of 1.60. However, RBI rejected ALL bonafide bids for Rs14,000 crore on offer for this...

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Amitabha Banerjee Amitabha Banerjee 06 August 2021
Michael Isitt, the manager of the Bombay branch (sorry, ancient past – ‘Mumbai’ had not arrived yet), posed a problem for the customers of my bank.    “Is it I-sit or Is-it?” They would ask. Actually it was “Eye-zit.”   I was a junior officer in charge of remittances at...

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Sayali Mahashur, Amiti Varma  and   Arjun Kapoor 05 August 2021
Almost 10.6% of India’s population lives with a mental illness, shows data from the National Mental Health Survey (NMHS) in 2016. However, even today, it is difficult and costly to access health services and care for mental illnesses across the country. Although health insurance for mental...

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Walter Vieira Walter Vieira 04 August 2021
In the years gone by, we just greeted our neighbours and others we met on the road with a ‘Good morning’ or a ‘Good evening’ as may be appropriate for the time of day. Everyone said this and moved on.    Over a period, this greeting often transformed to ‘How are you doing?’ One is...

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To safeguard the interest of its customers, the State Bank of India (SBI) has launched a new security feature -- SIM Binding in YONO and YONO Lite.   The new version of these platforms will protect customers from various digital frauds. With the SIM Binding feature, YONO and YONO Lite...

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Many of us in the corporate world would have been taught, through reading and through lectures that jealousy and envy, kill those who feel jealous – rather than those who are the target of the jealousy. Therefore, most mature individuals, who believe in spirituality and in humanity, will try...

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Moneylife Digital Team 27 July 2021
The Delhi High Court (HC) has directed Reserve Bank of India (RBI) to come out with a clear stand for regulation of online lending platforms which are charging exorbitant interest rates from borrowers.    A report from LiveLaw says that  a division bench of chief justice DN Patel and...

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Moneylife Digital Team 27 July 2021
The Pension Fund Regulatory and Development Authority (PFRDA) has announced a new facility for instant verification of bank accounts for enhanced due diligence and to ensure timely credit of National Pension System (NPS) funds after withdrawal by eligible subscribers from the scheme. ...

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