Greenspan never saw how derivatives would make the housing crisis a global one.
Sellers of financial products know how to play with your emotions. That's the reason you end up buying a financial product that you shouldn't.
They want to take advantage of the few days remaining before the IRDA's new guidelines on Ulips come into force. What has also added to the rush is the fall in the sale of big-ticket, single-premium covers and Ulips in the current financial year as individuals are holding on to big-ticket purchases, especially where the returns are linked to the equity markets. For insurers, big-ticket policies mean a lower lapse rate and it translates into higher commission for agents.
Rejecting CBI's request to close the case against Telgi and three others, Additional Sessions Judge Dinesh Dayal said: "It appears that CBI had proceeded to file the closure report merely because the person who should have been an accused refused that he had accepted the money." No investigation has been made to establish whether money was received by him (Jeyaseelan - as part of his alleged collusion with the accused)," the court said.
While your insurer will help you open an e-insurance account at the time of buying a policy, existing policyholders must do so themselves
What happens to such a person's life insurance policy? Does the partner or beneficiary or assignee pay the premiums and continue the missing person's life policy in force?
It is important for both the insured and the nominee to know the process of insurance claim settlement. A false step can lead to denial of the benefit for which life cover is bought.
The online world is driven by convenience, simplicity and speed.
The Insurance Regulatory and Development Authority has clarified that only the premium collected for providing health cover in the case of unit-linked health insurance policies will be eligible for tax benefits.
The fact that to save both, criminals have had to be hauled out of jails, the sick and ailing have to be brought in on stretchers, that truant film stars have to be dragged away from overseas locations kicking and screaming, and that lawmakers have to be purchased like this, tells its own story.
A committee headed by Irda's member actuary R Kannan has suggested a grace period of 15 days for policyholders who pay premium on a monthly basis, while a 30 days grace period will be available to those who pay their premium annually, half-yearly or quarterly.
Shikha Verma offers invaluable money management insights
The UK PM was bound by law to issue a letter seeking a delay to Brexit after MPs voted in a historic Super Saturday Parliament session to delay voting on his motion on a new Brexit deal.
There are some things you should know while insuring your home
Aviva Life Insurance, a joint venture between UK's biggest insurer Aviva and Dabur, has roped in master blaster Sachin Tendulkar as brand ambassador and named its new child insurance policy after the cricketer's title - Little Master.
In a bid to augment its revenue, the postal department would soon commence life insurance business, Union Minister for IT and Telecom A Raja has said.
Be as clear and specific as possible to avoid ambiguity and potential conflicts.
Travel insurance is necessary since it pays for financial losses in different situations. Here's why you must choose your travel insurance plan painstakingly.
The group policy that an employer will have taken will not allow you to carry your claims history if you decide to leave that particular job. That means if you do happen to leave that job (but in the meantime there has been an illness to any of the covered persons) than it will be an pre-existing illness as far as taking a fresh independent polcy is concerned, says insurance expert Harsh Roongta.
So what constitutes your 'must do' list? Let's ask a few fundamental questions.
Experts (forex consultants and CFOs) estimate the notional losses on derivative products in Ludhiana to be Rs 200 crore to Rs 300 crore (Rs 3 billion), with a prominent textile player leading the table. But no company is willing to talk about their exposure or losses. A few companies, such as Vardhman Textiles, part of the S P Oswal Group, said they had no exposure.
Cashless settlement, the norm in health policies today, is often marred by delays, rejections and mistakes. You can help yourself by knowing the processes involved and what you need to do
Section 45 in the new Bill says no claim can be repudiated after three years of the policy being in force, even if a fraud is detected, has sent life insurers into a tizzy.
ULIPs essentially combine the benefits of an insurance policy and a market-linked investment.
You may think that all will be well because you have a cashless settlement mediclaim policy. But, that's not so. From pain-killers, they can easily turn into pain-givers.
Saving tax through Ulips will lead to mixing of insurance with investment.
Though agents promote Ulips instead of term policies, the latter make more sense for pure insurance purposes.
Currently, quoting the PAN is not mandatory for opening a bank account or buying an insurance policy.
The older you get, the more premium you pay for buying life insurance. So it is better to buy a life insurance plan before your next birthday and save money on premium paid.
Credit card payments to buy fuel at petrol pumps will from October 1 not get a 0.75 per cent discount that State-owned oil companies had introduced more than two-and-a-half years back to promote digital payments.
You bought a unit linked insurance plan, ULIP, from your agent thinking that it is the best insurance product. However, when you see your ULIP statement you are more than confused. Here's some help to decipher your ULIP statement.
Don't panic if your car is stolen because your insurer is liable to pay the full amount as compensation, but you need to keep in mind that your claim should be genuine because most of the insurers try to avoid such claims, says Harjot Singh Narula
Physical advisors have been receiving tough competition from algorithm-based investment counselling and robo-advisories.
The growth in new business premium for private sector players slowed down to 53.6 per cent y-o-y for March 2008 compared with 90.5 per cent y-o-y for the period beween April 2007 and February 2008. That dragged down the growth for the full year of 2007-08 to 83.7 per cent from 103.8 per cent in the prvious year. The slowdown was more marked for public sector Life Insurance Corporation.
The Insurance Regulatory Development Authority of India has clamped down on excessive discounts on fire
As soon as general insurers are freed from the shackles of standard products, they could offer a motor insurance policy that provides for settlement of full claims amount without any deductions for depreciation as per the current practice.
Do you know what financial freedom is all about? Is it possible for you to achieve financial freedom as and when you want to? Financial planning expert Vetapalem Sridhar has the answers.
Hospitals empanelled for Modicare may give preference to poor patients over the middle class for fear of strict government action, says Harsh Roongta.
Internationally, the opaque workings of large life insurance companies are leading to new products.
Insurance has a vital role to play in each individual's portfolio from the perspective of indemnifying against risks in case of an eventuality
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