BUSINESS
Health Insurance Hacks: Here’s a list of dos and don’ts when buying a medical policy
Letting your agent enter key health details in your proposal form is a mistake you must avoid, as wrong or missing information can lead to claim rejection.
BUSINESS
Looking to invest in small-cap funds? Here’s what you need to bear in mind
Focus on funds with quality small-cap stocks and proven track records, and invest through the SIP route to mitigate volatility risks, suggest experts
BUSINESS
Health insurance: How ‘unreasonable’ hospital charges and undisclosed existing diseases can lead to claim rejection
Treatment charges beyond the ‘reasonable’ limits, non-disclosure of pre-existing illnesses constitute the most common grounds of friction between insurers, policyholders and hospitals. Aggrieved policyholders can escalate unresolved complaints to the insurance ombudsman offices.
BUSINESS
Unifi Capital gets SEBI's all-clear to start mutual fund operations
Unifi Capital was established in 2001 as a registered portfolio manager. The company has AUM of about Rs 27,000 crore in equity and debt
BUSINESS
Looking to book profits in bitcoin? Here’s how taxation on crypto assets work
Taxation On Cryptocurrency: Given the complexity over certain aspects of crypto taxation, investors would be better off taking a chartered accountant or tax portal’s help in filing their taxes
BUSINESS
Daava Soochak: How to check your deposit insurance claim status online
The RBI’s subsidiary, Deposit Insurance and Credit Guarantee Corporation, offers an insurance cover of up to Rs 5 lakh for retail depositors of failed banks.
BUSINESS
PM Vidyalaxmi education loans: How the new scheme can help students pursuing higher studies
Under PM Vidyalaxmi, students who secure admission in the top 860 quality higher educational institutions can avail of education loans on concessional terms, including interest subvention. The scheme will benefit over 22 lakh students every year, according to government estimates.
BUSINESS
Ayushman Bharat Vaya Vandana: Is Rs 5-lakh govt-backed health coverage good enough for senior citizens over 70?
The scheme is a boon for senior citizens, who are above 70 years and cannot afford healthcare expenses or health insurance premiums. However, those people, who rely on their trusted doctors or are used to single private rooms at a healthcare facility, among other things, will find limited value in this offering.
BUSINESS
What’s making multi-asset allocation funds tick?
Experts say adopting an all-asset class approach makes sense as we are in an era marked with high inflation & interest rates, low liquidity, high volatility and escalating geo-political issues.
BUSINESS
A guide to tackling Diwali overspending blues: How to chalk out practical debt reduction strategies
The festive fervour of Diwali may have prompted revellers to overspend. But don’t worry. There are several strategies that you can adopt to minimise your debt burden.
BUSINESS
Wedding gifts are tax-free, but be aware of capital gains tax rules, maintain records
There is no levy on wedding gifts but do bear in mind the nuances—if you have received these gifts well before or after the wedding, you need to be prepared with documents to handle queries, if any, from the income tax department.
BUSINESS
IRDAI asks insurers to strengthen cybercrime defences, proposes revisions to anti-fraud policy
The insurance regulator has also categorised as fraud the misrepresentation of policy features and dishonest 'non-disclosure of material facts'
BUSINESS
This Diwali, your investment portfolio too may need tidying up. Here are 7 clean-up tips
Investment Portfolio Cleaning Tips: A once-a-year portfolio clean-up is an essential process that helps realign investments with an investor's financial goals, says capital market experts.
BUSINESS
How EPFO pays out pension to family members of the deceased
When employees contribute to their EPF and EPS accounts through employers every month, they not only build their retirement kitty, but also create a safety net for their families in the case of their untimely demise
BUSINESS
Which small-cap funds have most cash on their hands?
The gush of inflows has forced many small-cap funds to look at ways to reduce risk in their portfolios. A way of reducing risk in a small-cap scheme is cash holding.
BUSINESS
Are you facing a liquidity crunch on paying TCS? Your employer can help
If eligible, taxpayers can claim a refund on the TCS being withheld at the time of filing I-T returns, as per the government's new notification that was issued on October 17.
BUSINESS
Equity-debt split: How age and risk tolerance should guide your allocation
Both equity and debt investments are important. How you split your money between them depends on your age, your risk tolerance, and what you are saving for.
BUSINESS
Is the 10-times-annual-income thumb rule for determining the right term life cover the best for you?
Term Insurance: A simple method of estimating the minimum amount of life insurance cover needed, the thumb rule is often cited by individuals and experts. However, it is best if you take several parameters—your income, assets, liabilities, dependants’ needs, goals and financial status.
BUSINESS
Coldplay or compounding? Here’s how to balance fun and finances with your festive bonus
Bonuses are always a good way to recharge mid-year and it’s okay to indulge. But don’t forget to set aside a big chunk for investments and also becoming debt-free if you are paying EMIs.
BUSINESS
How not putting your eggs in one basket can help you achieve goals, minimise risks
Sensex and Nifty hit fresh all-time highs: Hedging your bets by allocating your investments across various asset classes, sectors and geographical regions can protect your portfolio from the inevitable fluctuations of the market. Simply put, diversification is one of the most effective ways to manage risk and enhance long-term returns.
BUSINESS
NPS Unscrambled: What you need to know about partial, premature, & final withdrawals
The NPS permits partial withdrawals during the scheme's tenure to meet specific requirements such as children’s education, house purchase, treatment of critical illnesses, etc.
BUSINESS
Advance tax: Pay your second installment by September 15 to avoid penalties
Advance tax payments are to be made in four installments in a financial year – June 15, September 15, December 15 and March 15. This tax becomes due if your estimated tax payable exceeds Rs 10,000.
BUSINESS
Need for greater focus on improving financial literacy, risk awareness and consumer protection: PFRDA chief
With the financial landscape becoming increasingly digital, taking steps to mitigate data privacy and cyber security risks is also critical, PFRDA chairman Deepak Mohanty has said.
BUSINESS
Capitalmind receives SEBI’s in-principle approval to launch mutual fund
Capitalmind Financial Services, which was founded by Deepak Shenoy, applied for an in-principle approval for a mutual fund licence on January 5, 2024.
