Page 4 - Sanjeev Sinha

Cover for natural death begins after the initial waiting period ends

The initial waiting period is meant to safeguard against moral hazard

From MCLR to repo-linked loans, pick lenders with low, stable spread

Agarwal points out that rate changes in the external benchmark are transmitted automatically, without being influenced by a bank's internal cost structure

Homebuyers should reject possession without OC, seek legal recourse

NCDRC finds Hamilton Heights guilty of unfair practice for giving possession without occupancy certificate; legal experts urge buyers to refuse handover in such cases

Life insurance covers death caused by terrorist attacks, with riders

Everyone with financial dependants should purchase life insurance. Individuals residing in sensitive or high-risk areas should make it a priority to buy this policy at the earliest

Coping with rising rentals: Research areas, opt for longer leases

A recent Reuters poll of housing experts also indicated that both house prices and rentals are likely to outpace consumer inflation this year

Optimise credit card rewards by picking high-value redemption option

"They swipe the same card for every transaction, regardless of whether it offers optimal rewards for that category," says Adhil Shetty, chief executive officer (CEO), Bankbazaar.com

Avoid inoperative bank locker status with rent payments, periodic visits

Banks must follow standard operating procedures when accessing lockers in specific scenarios

Motor insurance: Driving with expired licence can lead to claim rejection

While a 30-day grace period is available for licence renewal, the Motor Vehicles Act of 2019 clearly states that driving with an expired licence is not permitted-even if renewal is pending