Page 434 - Personal Finance

Retirement-savings match explained: Key investment plan you must not ignore

According to a survey, 89 per cent Indians do not have an alternative source of income, and barely 1 in 5 factors in inflation while planning for superannuation

Receiving pricey diwali gifts from your non-relatives will attract taxes

Section 2 (24) of the Income-Tax (I-T) Act deals with gifts received that will be treated as a person's income, while Section 56 (2) deals with both the taxation and exemptions on them

Home loan offers: Keep an eye on caveats before choosing a lender

They may be available only to those whose credit score exceeds a specified level or who buy insurance also

Covid claims filed with insurers reach 475,000, of which 325,000 settled

Insurers to take a major hit with huge spike in August and September; tapering seen in October may bring some relief

Planned for your retirement yet? Here are some quick thumb rules to start

Heuristic guidelines are a good place to start. Once you get a hold on them, seek professional advice

When job loss wrecks your finances

Continue to pay your loan EMIs and insurance premiums for term and health policies (not investment-based policies) on time

Mistakes you should avoid while filing your income-tax return this year

An incorrect form can render the return defective; under certain circumstances, you may have to file a return even if your income is below the exemption limit

How Covid-19 has changed the tradition of gifting this festive season

Customary gifting has yielded space to home appliances, wellness products and hi-tech gizmos which make the bulk of presents one buys for oneself and for others

Investors must look at credit quality while choosing corporate FDs

Stick to deposits of firms with high rating

Fund pick: Nippon India Low Duration Fund

Fund pick: Nippon India Low Duration Fund

A snapshot of festive offers on home and new car loans offered by banks

Here's how the home and new car loans offered by banks stack up

Use 'pay later' loan facility only if interest rate is attractive

However, be careful to avoid over-leveraging

Is that to-die-for real estate deal being offered on inflated prices?

Before rushing into these schemes, find out the benchmark price of similar properties in the area

Diversified portfolio is the best antidote to help you beat inflation

By allocating to equities, debt, and gold, you can earn positive real returns over long term

Insurance claims related to coronavirus treatment rise in September

Overall, coronavirus cases have been on the rise, especially in few states. The recovery rate is also high

General Insurers should be allowed in surety bond biz: Irdai working group

This is because surety bond insurance is yet to develop in India and risk exposure under this business is significant compared to other more mature lines of business

Edelweiss's healthcare fund offers benefit of international diversification

Allocation to a thematic offering like the newly-launched healthcare index fund should, however, be limited

For end-users, festive season is a good time to strike a deal for a house

Prices and interest rates are both low, and attractive discounts and payment plans are available that will sweeten the deal further

If error is inadvertent, claim must be paid

Insurance firms cannot deny claims if there is any inadvertent error on the part of the insured

To avoid Covid-19 risk, switch to contactless cards before festive shopping

However, beware that if they're stolen, a few transactions of below Rs 2,000 can be made