Page 427 - Personal Finance

Auto dealers can work as sales channel for motor insurance: Irdai panel

They may work as insurance intermediaries in much the same way as an insurance broker, but must solicit motor insurance business only

Senior citizens: Strike a balance between tax saving and liquidity

They must also maximise the utilisation of the higher deductions available to them

Irdai working group proposes 'traffic violation premium' in motor insurance

It will float over own damage and third party sections and can be attached to any section of motor insurance cover bought

What the lay citizen and the experts want the Budget to deliver on Feb 1

Top of the wish list is an increase in deduction under Sections 80C, 80CCC and 80 CCD(1) from Rs 1.5 lakh to Rs 2.5 lakh

Tips for aspiring film makers to shoot one at home on a shoestring budget

Several gadgets with good editing software available online have allowed budding movie moguls to create their art from within the confines of their homes

Strike a deal quickly as home prices likely to head north in 2021

A recent report from Jefferies says a new cycle could begin this year as both end users and investors reenter the market

A snapshot of various tax saving investment schemes with their details

Here is how the various tax saving schemes and their interest rates stack up

Fund pick: Nippon India Dynamic Bond Fund

Fund pick: Nippon India Dynamic Bond Fund

Tax benefit on health insurance policy varies based on family size

Amount of insurance purchased should, however, depend on your requirement, and not just the tax benefit

Purchase annuities in a staggered manner to get a better rate of return

Buy plans that do not have return of purchase price option, at a later age, to get a better rate of return

Payment, e-commerce apps most sought when buying online insurance: Swiss Re

However, traditional channels of distribution such as agents, brokers, and insurance aggregators remain primary channels for insurance-related information searches in India

Enter term insurance early, lock in the premium as delay means higher cost

The average term premium increases exponentially with age

Worried about valuations? Go for a balanced advantage fund, say experts

Investors who run an asset-allocated portfolio with periodic rebalancing can manage without them

Don't exit the market over fears of a correction in high equity valuations

Use the SIP route to average out costs, stick to your pre-decided asset allocation, or invest in an asset allocation fund to deal with the current highs in the market

Insured's dilemma: Should you flout safety norms to get the claim?

A false declaration by the insured could compromise the safety of the buyers to whom the vehicles are sold

Sample report on Jan 08, 2021

Test

Govt to offer discount for using digital mode under gold bond scheme

The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode

Explained: How RBI's positive pay system safeguards cheque transactions

While it will make payments via cheques safer, it will also make the process a tad cumbersome, especially for people who issue high-value cheques frequently but are not tech savvy

How prepaid cards ensure that you don't go overboard on your expenses

They're also safer than credit and debit cards, and online transactions; just make sure you don't overload your prepaid card with too much money

Fund pick: Franklin India Prima Fund

Fund pick: Franklin India Prima Fund