Viral Infection is Not a Material Fact in Life Insurance and here is another case of how an insurance claim was settled so late in the day. It so happened that in 1992 and 1994, husband of a certain Mrs Surekha Mankar took two life insurance policies from LIC. In 1995, the husband had aRead More
Recent Changes in Banking
There have been some Recent Changes in Banking that have come out and I thought I might take sometime to let my readers know about them. While some of them might not really affect you, it’s wise to keep it at the back of your mind so that you end up as a wise andRead More
Real Estate Regulation and Development Bill
. The new draft of the Real Estate Regulation and Development Bill, released by the ministry of housing and urban poverty alleviation, is finally out. The bill brings with it harsh punishments for builders who take investors for a ride – this has already resulted in the builder community crying foul at the move. TheRead More
PPF and NSC Interest Rates
Both the Public Provident Fund (PPF) and National Savings Certificate (NSC) are up for some change now. After months of delay, the government has announced higher interest rates for PPF and NSC. With this move, small saving schemes can now offer some competition to other investment avenues in the fixed income category like fixed depositsRead More
Why Not to Buy Life Insurance !
“To save tax.” These three words sum up the reasons why Rajiv Kashyap pays a premium of Rs 1 lakh for the seven life insurance policies he has picked up in the past nine years. They are all random picks across the many types of life insurance policies : two money-back plans, two endowment policiesRead More
Helping Your Parents in Their Retirement
Old age is a time when most people should sit back and enjoy life. After having slogged for 60+ years, its time one takes it easy from the humdrum of the day job and spends his/her time with hobbies. However, retirement can be cherishable depending on how one’s health is; how one’s financial planning isRead More