Deciding whether a whole life insurance plan is a smart option or not hinges on the financial situation of the insurance buyer
Choose insurance from stable companies that have been in the business for a long time
India Inc continued to grapple with muted revenue growth in the September 2024 quarter (Q2FY25) and witnessed a decline in margins and profits. The headwinds were especially severe for non-financial companies, while banking, financial services, and insurance (BFSI) firms significantly outpaced the rest of the corporate sector. The total profit of 1,353 listed companies that have released their Q2FY25 results thus far dropped by 0.6 per cent year-on-year (Y-o-Y) - the first cumulative earnings decline in eight quarters.
Insurance companies have worked over the years to simplify their claim settlement process
Archana Ramanan, a homemaker from Tamil Nadu, tells Rediff.com's A Ganesh Nadar what she would like to see in Finance Minister Nirmala Sitharaman's Budget.
'We tightened our risk frameworks once the Covid crisis started.' 'We are slowly lightening this as we see economic activity pick up, salaries getting restored, and people getting back into jobs.'
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
The government has made its flagship crop insurance schemes voluntary for farmers with existing crop loans or those willing to take new ones, as it seeks to address the concerns raised by farmers' body and states in implementation of these programmes. "The Union Cabinet has approved the revamping of 'Pradhan Mantri Fasal Bima Yojana (PMFBY)' and 'Restructured Weather Based Crop Insurance Scheme (RWBCIS)' to address the existing challenges in implementation of crop insurance schemes," an official statement said.
Take a look at one of its most important features that allow clients to split the policy so as to reduce the premium component significantly.
Raise the amount of life cover you own if your liabilities and responsibilities have increased during the year, says Arvind A Rao.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
After developing bancassurance channels, which banks use to sell insurance products, the latest buzzword among insurance companies is "shopassurance" - selling insurance through supermarkets and retail chains.
From attractive EMIs to assured buyback guarantees, luxury carmakers have lined up a slew of offers to woo customers this festival season to address dwindling sales amid rising inventories.
rediffGURU Sunil Lala answers your personal finance-related queries.
Insurers have eased the documentation process to file claims so that they can be settled faster
Dear Finance Minister, We don't expect magic, just a little understanding and some tax relief that feels like a real reward, not a bare minimum. A little extra fuel in our wallets could go a long way, pleads Vatsal Ramaiya
When one applies for a loan, he/she is almost immediately offered an insurance policy to cover it. These are called Mortgage Redemption Schemes or Loan Protection Covers.
By following the path of Kula Dharma as mentioned in the Bhagavad Gita, you will not only be securing your child's future but also contributing to your own early sukoon (peace and well-being), says Vatsal Ramaiya
Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.
The opposition Congress listed 59 promises in its 106-page manifesto, with assurances for all sections of the society, including farmers, women and government employees.
'I fear that Karnataka is going to the polls next year and Chief Minister Basavaraj Bommai has staked claim to Akkalkot and Solapur'
Commerce and Industry Minister Nirmala Sitharaman told the Rajya Sabha 'the government is absolutely sensitive and seized of the matter'.
Third party claims are adjudicated by the constituted tribunals.
'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
'This is not just the IREDA's IPO. It is the success of the ministry of new and renewable energy and of the renewable energy industry.'
It is important to preserve copies of benefit illustration and product features.
Don't think twice to secure your most prized possession. It protects your precious home against unforeseen calamities
Union Bank of India has inked a pact with SBI Life Insurance Company Ltd to offer a life insurance cover to the former's home loan customers on a group basis.
Sources close to the development told Business Standard the company was exploring different ways to save on its employee costs and had laid off a few employees on "performance" grounds. "We will see a similar development for the next few months. "The company is fine-tuning its hiring policies and implement rigourous measures to look into employee performance," a source said.
Advisors and agents known to you personally can also sell wrong policies.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'Companies like Tesla and others have been given a long rope in India.'
For a loan of Rs 20 lakhs (Rs 2 million) from Axis Bank, Varadarajan was asked to pay Rs 31,630 at one go or under a single-premium insurance plan.
Which is the best home loan? Advice from financial guru Harsh Roongta.
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
Are all the benefits of group life insurance for real? Naval Goel finds out
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
