News

05/11/2024

InfIation Calculator: How quickly will inflation double your monthly expenses?

If you’re not paying attention to inflation while investing, it could seriously impact your savings. That’s why it’s so important to consider inflation when you’re planning your investments.

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23/10/2024

Term Vs whole life insurance – Which should you choose? Know the key differences

Term insurance is a straightforward life insurance policy that provides coverage for a specific period, or 'term'; if the insured person passes away during this period, the policy's beneficiaries receive a death benefit.

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14/10/2024

Still the King: LIC dominates first-year new business premium market despite private sector competition

LIC’s new biz premium zooms past 25% in April-Sep quarter, to ₹ 1.15 lakh crore

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10/10/2024

Navratri Special: 9 life insurance myths debunked and tips to secure your financial future

Let’s debunk nine common life insurance myths and offer some valuable personal finance tips to secure your financial future this festive season.

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09/10/2024

How scamsters tricked investors of Rs 25 cr through fake apps and stocks

A woman from Faridabad was cheated out of Rs 7 crore, a businessman from Noida lost Rs 9 crore, and a doctor from Punjab’s Bathinda was defrauded of Rs 6 crore. These are just a few of the victims of a massive scam recently uncovered by India's Enforcement Directorate (ED).

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01/10/2024

New PPF rules effective today: All you need to know

New PPF rules effective today streamline account management for minors, multiple account holders, and NRIs, impacting interest rates and regulations.

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30/09/2024

Life insurance rule change: From October 1, 2024, you will get higher refund when you surrender your life insurance policy

Policyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to offer a higher special surrender value (SSV) for traditional endowment policies from October 1, 2024. The new 'special surrender value' rule mandates higher refunds, offering flexibility to switch plans.

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25/09/2024

Karnataka online trading frauds: Losses skyrocket from Rs 23 crore in 2022 to Rs 903 crore by mid-2024

Most victims from Karnataka are educated professionals, particularly techies from Bengaluru, who were duped after being enticed by fraudsters with promises of high returns or IPO allocation. And this has been a trend across the country when it comes to fake broking apps.

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16/09/2024

5 reasons health insurance claims get rejected

5 reasons health insurance claims get rejected

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02/09/2024

Retirement savings: What will be the value of Rs 5 crore after 25 years?

A common mistake is assuming that the value of retirement savings will remain constant over time. For example, a ₹5 crore corpus today will lose significant purchasing power over 25 or 30 years due to inflation.

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19/08/2024

This Raksha Bandhan, give more than cash: Gift your sister financial wisdom and investments

Gift your sister a term deposit, a SIP in mutual funds, enrol her for a financial planning workshop or book an appointment with a financial adviser to make a personalised investment plan.

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17/08/2024

Health insurance: How to choose the best plan

A recent report by Apollo Hospitals, one of India's leading healthcare groups, paints a grim picture of the nation's health. Released in April, the report dubbed India the “cancer capital of the world”, highlighting a worrying rise in cancer cases and other non-communicable diseases (NCDs).

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12/08/2024

LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO

Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around Rs 1.30 trillion in equities during the current financial year.

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06/08/2024

LIC of India launches new insurance plans – Check benefits, eligibility, other details

The insurance plans were launched on Monday by LIC CEO and MD Siddhartha Mohanty and will be available both available offline and online.

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29/07/2024

ITR Filing Date 2024 Live Updates: Income tax return deadline to be extended beyond July 31? What we know so far

ITR Filing Date 2024 Live Updates: The income tax return deadline might be extended beyond July 31. Fresh updates from Income Tax Department on ITR deadline extension! What we know so far about the current status and when to expect refunds after e-verification and processing of income tax return.

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29/07/2024

ITR Filing: What is Updated Return? Who is not eligible to file an updated return? Check late fees, penalty

Any individual may submit an updated return, with certain exceptions, irrespective of whether they have previously filed an original, late, or amended return for the applicable assessment year.

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24/07/2024

Budget 2024 reduces TDS on life insurance policy payout from 5% to 2%, Now get a higher payout on these case

As per budget 2024 proposal you will now get a higher amount of payout from your life insurance policy as TDS rate has been reduced to 2%. “It is proposed that TDS under section 194DA of the Act be reduced from 5% to 2%” says explanatory memorandum of budget 2024.

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23/07/2024

Budget 2024 Key Highlights: From capital gains, income tax changes to employment initiatives, here are the key takeaways

Union Budget FY25: FM Nirmala Sitharaman presented the 2024-25 budget focusing on job creation and boosting consumption. Key highlights include capex at ₹11.11 lakh crore, tax rationalisation efforts, and schemes for employment, skilling, and women empowerment.

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