Page 318 - Personal Finance
Over 40 crore in India don't have health insurance: Report
The report found that the lack of health insurance was due to lower penetration, coverage inadequacy, and rising healthcare costs
 "Over 40 crore in India don't have health insurance: Report")
Loan EMIs to rise! SBI hikes MCLR by up to 10 basis points
According to the SBI website, only the overnight rate has remained unchanged. As of December 15, the MCLR for the one-year tenure has been raised to 8.65 per cent, up from 8.55 per cent
 "Loan EMIs to rise! SBI hikes MCLR by up to 10 basis points")
Avoid going overweight or exiting from equities during bull markets
Rebalance by booking profits in mid and smallcaps, allocate to fixed income
 "Avoid going overweight or exiting from equities during bull markets")
Rebalance portfolio, avoid overexposure or complete exit from equities
Book profits in mid- and small-cap segments, allocate money to fixed income and gold
 "Rebalance portfolio, avoid overexposure or complete exit from equities")
Car loan terms, EMI options and processing fees explained in table
Key details on financing explained in Paisabazaar table
 "Car loan terms, EMI options and processing fees explained in table")
RIL emerges as largest wealth creator for 5th time in a row: Motilal study
This takes Reliance's overall No.1 tally to 10 in the last 17 five-year study periods.
 "RIL emerges as largest wealth creator for 5th time in a row: Motilal study")
Bank locker agreement renewal deadline on Dec 31: What you need to do
The Reserve Bank of India (RBI) has asked banks to sign an updated agreement with bank locker holders citing developments in banking and technology, consumer grievances, and feedback
 "Bank locker agreement renewal deadline on Dec 31: What you need to do")
Decision on old pension scheme before Budget session, says Ajit Pawar
The state legislature's budget session is generally held in February-March every year
 "Decision on old pension scheme before Budget session, says Ajit Pawar")
Allure of offbeat towns: After DLF, M3M plans Rs 2,700 cr Panipat project
Key locations in North India that have caught the attention of buyers and developers alike include Panchkula, Sonipat, Panipat, Karnal, and Meerut
 "Allure of offbeat towns: After DLF, M3M plans Rs 2,700 cr Panipat project")
US may hike visa fee in 2024, H1-B pre-registration fee to go up 2050%
Higher fees would result in increased financial burden for individuals applying for the H1-B visa. The overall cost of hiring Indian talent for the U.S. market would increase,
 "US may hike visa fee in 2024, H1-B pre-registration fee to go up 2050%")
US hits H-1B visa cap for FY24: All you need to know
This limit, known as the H-1B cap, is currently set at 85,000, with an additional 20,000 visas reserved for individuals who have earned a Master's degree or higher from a US institution
Leverage HUF to max tax benefits by distributing income, availing deduction
By distributing income and availing of deductions, it can facilitate tax savings
 "Leverage HUF to max tax benefits by distributing income, availing deduction")
Equity AUM at new peak: Top 10 stocks that rose the most in November
In Nov'23, MFs showed an interest in Healthcare, Real Estate, Technology, Utilities, Retail, and Metals, leading to a MoM rise in their weights.
 "Equity AUM at new peak: Top 10 stocks that rose the most in November")
Several banks raise FD rates in December, offer up to 8% interest
On Monday, Kotak Mahindra Bank raised fixed deposit (FD) interest rates by up to 85 basis points. Kotak Mahindra customers can now earn up to 7.80 per cent on senior citizen FDs
 "Several banks raise FD rates in December, offer up to 8% interest")
Contra funds become the flavour of the season: Should you invest?
"The category which saw the highest uptick in its flows in percentage terms was the value/contra category which received net flows of Rs 1,251.8 crore in November 2023, up from Rs 415.06 crore in Oct
 "Contra funds become the flavour of the season: Should you invest?")
Axis Magnus to SBI Aurum: Top premium lifestyle cards for high earners
Even before applying for a credit card, you must know which type of card you want based on your lifestyle and spending behaviour. This allows you to align credit card perks with your spending pattern
 "Axis Magnus to SBI Aurum: Top premium lifestyle cards for high earners")
Are you facing short-term credit issues? Opt for a secured credit card
Invest in liquid and short-duration funds to finance short-term spending goals
 "Are you facing short-term credit issues? Opt for a secured credit card")
UPI is king but 75% of online transactions are still through credit cards
Credit cards also appeat to be most dominant in West and South India as 75-80% of credit cards are issued in Western and Southern India.
 "UPI is king but 75% of online transactions are still through credit cards")
Australia tightens visa norms for international students, skilled workers
New measures to reduce intakes include higher scores on English proficiency tests and increased scrutiny on second visa applications to form extended stays
 "Australia tightens visa norms for international students, skilled workers")
Bajaj Allianz Life Insurance has a new 'increasing income' savings plan
Bajaj Allianz Life ACE - Increasing Income provides life cover with tax benefits and allows flexibility in determining policy terms, ranging from 10 years to 100 years of age
 "Bajaj Allianz Life Insurance has a new 'increasing income' savings plan")