Page 441 - Personal Finance

Non-life insurers receive more than 100K Covid-19 claims worth Rs 1,644 cr

While initially, the claim amount was high, it has now moderated with many states prescribing a standard treatment rate for Covid-19

Not a good idea: Surrendering insurance policy early entails higher loss

To avoid losing protection cover, explore the option of taking a loan against it

Investors need to be wary of overpaying as stock returns are mediocre

At a time when the index appears expensive, a stock-specific approach will serve you well

Covid-19 brings about shift in insurance preference; group biz on the rise

While the pandemic has made corporates take up the responsibility of providing insurance coverage to their employees via group insurance, it has pushed back individuals from buying into insurance

Insurance firms see surrenders decline in Q1, brace for trend to change

Companies look to hedge against policy surrenders by providing short-term loans as succour in pandemic

District Forums can't handle bigger caseload

Earlier it took 4-10 years. But with a five-fold increase in pecuniary jurisdiction, it could now take 15-25 years for a case to be decided

Why smart-beta funds should be a part of your satellite portfolio

These products, however, carry higher risk than a pure passive fund

The mask: Protective gear against Covid that doubles up as a style quotient

From simple protective gear to sophisticated offerings with logos, taglines and artistic work, there are a whole lot of masks you can choose from

Correction in gold price likely to make 90% LTV risky for borrowers

Those in dire financial straits may find it difficult to pay the margin demanded by lenders

Life insurers see new business premium rise 7% in July to Rs 22,986 cr

Private insurers, 23 in all, amassed NBP of Rs 7,815 cr in July, up 26% from Rs 6,197 cr a year ago

Post Covid-19 lockdowns, demand for vehicle loans is rising, says financier

The lockdown, which impacted the movement of vehicles across states, and subdued economic growth in the last few years impacted sales of commercial vehicles

Fund pick: DSP Midcap Fund

Fund pick: DSP Midcap Fund

A snapshot of term insurance with two riders offered by various banks

Here is how the term insurance with two riders offered by various banks stack up

Pay higher percentage of vehicle cost upfront to get loan in pandemic

A low EMI to take-home income ratio will also improve your chances of getting a loan

Need secured loan? Now you can get more from your gold; here's how

Unlike a personal loan, gold loan is secured loan with your gold article as collateral, and bears a lower interest rate

You may have to file ITR even though your income might not be taxable

Even if your income is below the exemption limit, you will still have to furnish ITR

IRDAI allows life insurers to get consent of policyholders electronically

This facility, to be allowed on an experimental basis with immediate effect till December 31, 2020, will remain limited to pure risk products

Retail investors should worry about quality of funds, rather than size

Portfolio's quality, liquidity vital concerns in debt funds

General insurers received 80,900 Covid claims worth Rs 1,290 cr till Jul 31

The number of claims settled by insurers as on July 31 is 52,880 and the claim amount paid, around Rs 490 crore

Investing in sovereign gold bond scheme at high prices could be risky

Entering this long-term instrument could cause distress if the rally ends in some years