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Top life insurance mistakes even smart people make

Top life insurance mistakes even smart people make

From budgeting missteps and impulse purchases to inadequate contingency planning and much more, nobody is immune to financial faux pas.

Source Financial Express | 29/07/2021


Deposit Insurance of Rs 5 Lakh: Customers to Get Money in 90 Days if Bank Under Moratorium

Deposit Insurance of Rs 5 Lakh: Customers to Get Money in 90 Days if Bank Under Moratorium

To provide relief to depositors in stressed banks like Punjab and Maharashtra Co-operative (PMC) Bank, Union Cabinet on Wednesday cleared the amendments in Deposit Insurance and Credit Guarantee Corporation Act, 1961, (DICGC Act). Depositors of banks under moratorium the will no longer have to wait for the Reserve Bank of India (RBI) to rescue the bank to access their funds.

Source NEWS 18 | 28/07/2021


Bank FD: What the changes to Deposit Insurance Act mean for investors

Bank FD: What the changes to Deposit Insurance Act mean for investors

Under the amendment, depositors of a bank under moratorium will no longer have to wait to access their money All commercial banks and even branches of foreign banks operating in India will come under the purview of this Act

Source mint | 28/07/2021


 Top things you should know before co-applying for a home loan

Top things you should know before co-applying for a home loan

It is important to understand whether one should apply for a home loan with a co-applicant or as the sole applicant.

Source Financial Express  | 26/07/2021


4 key points to take note of while buying a health insurance policy

4 key points to take note of while buying a health insurance policy

In view of the exorbitant hospital and medical bills that are being accrued be it due to COVID treatment or any other medical reason, people have started not only opting for health insurance but also choosing the best health protection available.

Source Financial Express | 24/07/2021


Need money? Here are the best ways to get a loan in case of emergency

Need money? Here are the best ways to get a loan in case of emergency

Even though an emergency fund of at least 3 months' expenses is a must to deal with a crisis, it might not be possible for everyone to hold up such savings. Under such circumstances, a quick loan comes out to be the only option.

Source Financial Express | 21/07/2021


LIC launches benefit based health insurance plan Arogya Rakshak, know how it will work

LIC launches benefit based health insurance plan Arogya Rakshak, know how it will work

The Life Insurance Corporation (LIC) of India has introduced a new health insurance plan called Arogya Rakshak, which is a non-linked, non-participating, regular premium, individual health insurance plan.

Source The Economics Times | 21/07/2021


 Home Loan: Why part-prepayments are a good idea

Home Loan: Why part-prepayments are a good idea

Try to make as much part-prepayments as possible when the applicable home loan interest rates are low and your credit score is high

Source Financial Express | 16/07/2021


 What role do guaranteed insurance plans play in meeting long-term goals?

What role do guaranteed insurance plans play in meeting long-term goals?

Even in a low interest rate scenario, life insurance products offer benefits that no other financial product does including life cover, additional riders, guaranteed returns, safety net, and tax benefits.

Source Financial Express | 15/07/2021