Why understanding benefit illustration is important when buying life insurance? A life insurance benefit illustration (BI) is a set of projections, prepared by the actuaries of the insurance company. The BI basically shows how your (policyholders’) insurance policy fund/money invested will perform over a period of time. Mis-selling in the insurance sector is rampant where […]
No charges on digital payments made to large biz establishments from Nov 1 FM Nirmala Sitharaman had said business establishments with annual turnover of more than 50 crore should offer low cost digital modes of payment to their customers and the RBI and banks should absorb cost of transactions. The government on Friday said banks […]
A pre-existing disease is a condition, ailment or injury that already exists at the time you buy a health insurance policy. IRDAI has modified the definition of pre-existing diseases, to include any disease diagnosed within three months of purchasing a health insurance policy. This change was included in the guidelines on standardisation in health insurance […]
Financial goals are changing: Do you really know the future expenses you need to save for? Newer expenses and goals call for a new plan to avoid the risk of overspending and debt trap. it will be remembered as the decade when the Indian middle class threw caution to the winds and turned aspirational with […]
RBI increases withdrawal limit from Rs 1,000 to Rs 10,000 for PMC Bank customers The central bank has hiked withdrawal limit to Rs 10,000 from Rs 1,000. In a relief for Punjab & Maharashtra Cooperative (PMC) Bank customers, the Reserve Bank of India today increased the withdrawal limit from Rs 1,000 to Rs 10,000. “Other […]
