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 Car insurance – What should you do after your motor insurance policy expires?

Car insurance – What should you do after your motor insurance policy expires?

After a motor insurance policy expires, the first and foremost thing the policyholder should do is to inform the insurance company. Experts say informing the insurer should be done on a priority basis, as soon as the policyholder gets an update about the motor insurance policy's expiry.


 Looking for motor insurance? Know what type of policy you need

Looking for motor insurance? Know what type of policy you need

A comprehensive motor insurance policy covers you for both third-party damages and own damages


RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

The RBI has been cracking down on weak co-operative banks over the last few years. In 2020, the RBI cancelled permits of three co-operative banks and imposed restrictions on several other banks.


After taxman, banks ring warning signals for customers investing, trading in cryptocurrency

After taxman, banks ring warning signals for customers investing, trading in cryptocurrency

MUMBAI: Indian banks have started pulling the plug on customers investing and trading in crypto assets as the spectre of government ban on cryptocurrency rises. The government recently said that it plans to introduce a law banning trade in all cryptocurrencies — except for those issued by the government itself.


EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar

EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar

EXCLUSIVE: LIC gross investments will exceed Rs 5 lakh crore in FY21, says chairman MR Kumar LIC's`contrarian’ strategy when investing in equity markets, to sell when the sentiment is bullish and buy when the mood is bearish, has paid rich dividends


LIC IPO: Up to 10% of issue size to be reserved for policyholders

LIC IPO: Up to 10% of issue size to be reserved for policyholders

NEW DELHI : Up to 10% of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said on Tuesday. The government will remain the majority shareholder and will continue to retain management control safeguarding the interest of policyholders, he said.

  •   Source: mint
  •   Published on: 09/02/2021

Budget 2021: No overhaul in personal tax structure; relief comes to taxpayers in other forms

Budget 2021: No overhaul in personal tax structure; relief comes to taxpayers in other forms

Union Budget 2021-22: The Finance Minister presented the first paperless Union Budget 2021-22 in the Parliament yesterday. While no structural changes have been proposed to the personal tax rates, it introduced some relief measures and proposals to facilitate ease of compliance for the taxpayers explained hereunder:


No income tax filing required for senior citizens if they fulfil these conditions. Details here

No income tax filing required for senior citizens if they fulfil these conditions. Details here

It must be noted that the senior citizens who are above 75 years age, are not exempted from paying tax but only from filing income tax return (ITR) if they are eligible

  •   Source: Livemint
  •   Published on: 02/02/2021

Budget 2021 Highlights: Govt to rationalise custom duties on gold,sliver

Budget 2021 Highlights: Govt to rationalise custom duties on gold,sliver

Union finance minister Nirmala Sitharaman presented the Union Budget 2021 in Parliament on Monday. The finance minister provided a major boost to healthcare and infrastructure in Union Budget 2021. However, there was no change in Income Tax slabs this year.


Union Budget 2021: 10 Things That May Have An Effect on Your Personal Finances

Union Budget 2021: 10 Things That May Have An Effect on Your Personal Finances

The Union Budget 2021, presented by Finance Minister Nirmala Sitharaman, did not make a change to tax slabs in Income Tax Returns. However, Sitharaman announced relief for senior citizens above the age of 75, relief for NRIs measures that will make filing taxes easier.

  •   Source: News 18
  •   Published on: 01/02/2021

If bank fails, Rs 5 lakh deposit insurance amount to be available immediately to depositors

If bank fails, Rs 5 lakh deposit insurance amount to be available immediately to depositors

The finance minister, Nirmala Sitharaman, has announced that in case a bank fails or withdrawals from the bank are stopped due to financial pressure on the bank, the depositors will be able to get immediate access to their deposits upto the deposit insurance amount of Rs 5 lakh, i.e.


Budget 2021: Instances have come to the notice where some employees are contributing huge amounts to these funds and entire interest is exempt from tax

Budget 2021: Instances have come to the notice where some employees are contributing huge amounts to these funds and entire interest is exempt from tax

Finance Minister Nirmala Sitharaman, while presenting the Budget 2021, has proposed taxability of interest on various provident funds where income is exempt.


Budget 2021: Interest deduction on loans for affordable housing extended till March 2022

Budget 2021: Interest deduction on loans for affordable housing extended till March 2022

This deduction is over and above the deduction of Rs 2 lakh for interest payments available under Section 24(b) of the Income Tax Act, 1961


CIBIL Score – How it is calculated and why is it important?

CIBIL Score – How it is calculated and why is it important?

Having a good credit score goes a long way. According to experts, almost 6 out of 10 millennials are rejected due to low credit score when applying for credit cards, mortgages, car loans, and other financial products.


Submission of investment proof: All you need to know to minimise tax deduction

Submission of investment proof: All you need to know to minimise tax deduction

Generally salaried individuals need to submit their investment proof by December end, so that tax deducted at source (TDS) may be adjusted – in case there are differences in proposed investments and actual investments – against the salaries of January, February and March.


Five reasons why you should review your insurance in 2021

Five reasons why you should review your insurance in 2021

Several factors affect the need for an insurance plan at different stages of life. Here are some significant reasons why one should review their health or life insurance plan in 2021

  •   Source: Livemint
  •   Published on: 25/01/2021

Retiring soon? Here’s why buying annuity plans may make sense

Retiring soon? Here’s why buying annuity plans may make sense

The ongoing COVID-19 pandemic has impacted almost every financial instrument in a significant manner, especially those soon approaching retirement as they are not able to take a cautious call on where to keep the accumulated corpus invested.


 Make Your Money Grow: How to get wealthy with smart investment

Make Your Money Grow: How to get wealthy with smart investment

Once you have identified investment instruments based on your income, age, risk-taking abilities, and time in hand, you should consider the following factors before you actually invest in the preferred options.