NEWS

LIC pension scheme for senior citizens: Interest rate, eligibility, tax benefits explained

LIC pension scheme for senior citizens: Interest rate, eligibility, tax benefits explained

Launched in 2017, this LIC pension scheme for senior citizens will attract a fixed interest rate for FY 2020-21 The scheme can be purchased offline as well as online from LIC website

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Know how you can bolster your credit score

Know how you can bolster your credit score

Catch up on missed payments as early as possible and make on-time payments to improve your credit score

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Getting a fresh health insurance cover? Do this instead

Getting a fresh health insurance cover? Do this instead

These top-up and super top-up plans work as supplementary health plans, especially for policyholders that only hold an employer's health plan as well as for policyholders that have a low sum insured in their basic health plan.

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Company health insurance might not be sufficient for you and your family—here’s why

Company health insurance might not be sufficient for you and your family—here’s why

Many corporate health plans have the room-rent capping and the co-payment clauses, both of which can cause you to shell out money from your bank account for medical care facilities. Read on to know more.

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COVID-19: Wakeup call for millennials to invest in term insurance for a secure future

COVID-19: Wakeup call for millennials to invest in term insurance for a secure future

The uncertainties of healthcare happenings emphasize why millennials need to secure their future and that of their families via term insurance plans.

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Does your financial plan oer guarantee with flexibility?

Does your financial plan oer guarantee with flexibility?

Priya (24 years old), who works in a bank, earns enough to save nearly 30% of her income after taking care of her household expenses. She has surplus money in her savings account and is looking for appropriate investment options.

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LIC Made Rs 13,000 Crore Profit in Equity Till August This Fiscal, Says MD Raj Kumar

LIC Made Rs 13,000 Crore Profit in Equity Till August This Fiscal, Says MD Raj Kumar

The insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the same period of the last fiscal, he said.

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To protect depositors', FM moves bill in Lok Sabha to bring cooperative banks under RBI

To protect depositors', FM moves bill in Lok Sabha to bring cooperative banks under RBI

The financial status of 277 urban cooperative banks is weak.105 cooperative banks are unable to meet the minimum regulatory capital requirement, Sitharaman said in Lok Sabha

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Life insurance to secure your child’s future: All you need to know

Life insurance to secure your child’s future: All you need to know

For most young couples, a big milestone in life is starting a family. If you too fall into this category, you’ll agree that with the arrival of a child, there are many wonderful things that new parents have to look forward to. From seeing the child take first steps and listening to the child’s first words to preparing them for their first day at school.

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SBI revises fixed deposit (FD) rates. Latest FD rates here

SBI revises fixed deposit (FD) rates. Latest FD rates here

State Bank of India (SBI) has slashed interest rates on fixed deposits The new SBI fixed deposit (FD) interest rates is effective from September 10

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Nearly 50% of our policies are bought by millennials: LIC Chairman

Nearly 50% of our policies are bought by millennials: LIC Chairman

Life Insurance Corporation (LIC), which is set to get listed following the government’s decision to float an initial public offering (IPO), is expected to be the most valuable company in the country. In an interview with TOI, LIC chairman M R Kumar speaks of how the corporation keeps reinventing itself to remain relevant to every generation...

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In a Relief to Borrowers, Supreme Court Extends Loan Moratorium Scheme till September 28

In a Relief to Borrowers, Supreme Court Extends Loan Moratorium Scheme till September 28

The Reserve Bank of India had come out with the notification in March after the nation-wide lockdown was imposed to curb the spread of the pandemic and had given the facility of deferred payment of installments to borrowers and the scheme had end on August 31.

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Life Insurance: Why protection and guaranteed plans are in demand – Find out

Life Insurance: Why protection and guaranteed plans are in demand – Find out

Insurers offer traditional endowment products with a guaranteed return and these are better suited to those who look for a steady growth of their funds.

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ITR e-filing: Know how to e-file your income tax return

ITR e-filing: Know how to e-file your income tax return

ITR-1 or Sahaj, which is the most simple form, is for resident individuals whose total annual income is less than Rs 50 lakh and have income from salaries, one house property, interest income and agricultural income up to Rs 5,000.

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LIC books windfall gain in Apr-Aug

LIC books windfall gain in Apr-Aug

The development could lead to higher bonuses for policyholders and a better valuation for its upcoming initial public offering

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Home loans: Should you switch over to fixed interest rates?

Home loans: Should you switch over to fixed interest rates?

Depending on the pace of economic recovery, home loan interest rate bottoming out may take anywhere between several months to a few years. So when to switch to a fixed rate depends on this trend in interest rate movement and your own reading of the situation.

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Latest Home Loan Interest Rates: Which banks are currently offering home loans under 7%?

Latest Home Loan Interest Rates: Which banks are currently offering home loans under 7%?

Most banks have now lowered their home loan interest rates compared to those of last year while some are offering rates under 7% per annum.

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Popular Finance fraud: Keralites lose millions to the ponzi scheme

Popular Finance fraud: Keralites lose millions to the ponzi scheme

The alleged fraud was exposed when a large number of savers decided to withdraw their money amid covid-induced financial crisis

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