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Business Standard

Realty check

Developers often quote high prices but they would be more than willing to give discounts

For a good deal, go house hunting in the rain

Lapsing of 16 million life policies clearly shows many of us are buying but not renewing

Stop buying too many policies

What is a tax refund?You are eligible for a refund when the tax liability or the amount of tax to be paid is less than the amount paid. A claim can also be made when the taxes were deducted because you did not declare your investments. For the salaried, it is possible the company deducted excess tax since you did not declare your investments.How do I get a refund?The tax return will show the amount of refund. In case the return shows you are getting a return, the cheque or transfer comes to the address/bank account directly. If you want to declare some more investments, a revised return of income needs to be filed.  The claim has to be made using Form 30.

Tipping point

How much time does an insurer get to pay claims which arise due to critical illness (CI)? In this case, CI was purchased as a rider to a life insurance policy.In a life insurance policy with CI as a rider, the claim is triggered whenever any one of the CI listed in the coverage terms is diagnosed. Such claims are payable only once during the policy tenure. The time taken to process a CI claim under a rider policy depends on various parameters. If the diagnosis of a CI is after two years of the policy being issued, the claim may be paid within seven to 10 days of receipt of all documents and subject to the insurer's guidelines. If diagnosis of the CI falls within six months of the policy being issued, the claim will not be payable as there is usually a waiting period of six months. If the diagnosis of the CI falls after six months but before two years of the policy being issued, it will be treated as an early claim and decided after conducting an investigation on the basis of the docume

Life Insurance: V Philip

Most investors believe their profits are due to skill and their losses to bad luck. Actually, a large amount of luck's involved on both sides of the equation

It's luck, not skill

Retirement fund body EPFO will launch online PF fund transfer and withdrawal facility in the first week of July, benefiting over 50 million subscribers.

EPFO to launch online PF claim settlement facility in July

Press Trust of India

Share prices of smaller exporters are at reasonable valuations. The weak rupee could mean windfall gains for some of them

Go long on export companies

Rating of products comes in handy as low ratings reflect high risk

Look for sustainable returns

Inventory of unsold flats may have piled up but prices continue to rise, helped by a steady demand

Bubble in the making?

Group policies are more suitable for diabetics; these are negotiable & flexibleIf any of your family members is a diabetic, you would know the pains he has gone through to get a health cover. Yes, on paying a little extra premium he would get a life cover easily, but not a health cover. The reason? Not many insurers are willing to take the risk of a diabetic.There are a limited number of health insurers who cover diabetics. Ashvin Parekh, partner, global financial leader Ernst & Young, says, "Being a complicated condition, insurers have many reservations before taking this risk on their books and are hence wary of insuring them instantly."India will have 75 million diabetics by 2015, according to a global report published by the 'Diabetes Atlas'.There are limited number of policies available for diabetics. Most have a waiting period of four years. However, most individual health plans have sub-limits, such as room rent restrictions, rise in premiums or loading after one claim.O

A health cover for diabetics

Sobha Group, the Rs 1,200 crore construction and real estate major based in Bangalore, is diversifying into retail and hotels.


Sobha plans Rs 1,500 cr Global Mall in Bangalore

Foreign direct investment in retail and real estate businesses will pave the way for a better quality of life.

Is the future here?

Symphony, an air cooler maker, after establishing itself in north India has now set its eyes south  on Karnataka and Tamil Nadu. It is perhaps a sign of the changing climatic conditions that the

Desert coolers for the south

Niranjan Hiranandani strongly feels that housing can be affordable if we have the political will. Scrap the Urban Land Ceiling and Regulation Act, he tells Business

Scrap ULCRA: Niranjan Hiranandani

How illiterate farmers helped K P Singh create India's biggest real estate firm

Building on a dream

REAL ESTATE: Indian realtors are eyeing foreign soil for expansion.

Indian realtors bite into global pie

A US resident has advertised to sell land in that country to Indians here. In the process, the seller may have started a trend of US owners turning to overseas buyers as local demand for housing dries

Get a piece of sunny Florida, for $1million

Amitabh Pandey, a small investor from Baroda, saw the value of his Rs 20-lakh portfolio erode by 35 per cent due to a dipping stock market.

Investors look to open offers for better returns in falling market

&nbsp;Only gold ETFs have ended positive and attracted investors' wealth. 
&nbsp;On March 31, 2008, Indian mutual funds ended their worst quarter of the decade.

Worst quarter in the decade for equity

Personal Finance: Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Personal Finance: Investing, Planning, Retirement, Loans, & Insurance | Business Standard

Read about the smart strategies for Personal Finance Planning, Investing, Insurance, banking, budgeting, loans Tax Planning, retirement and insurance. Browse Business Standard to learn more on Personal Finance.

Page 794 - Personal Finance