Lack of awareness is still the biggest stumbling block in insurance adoption in India, and around 47.6 per cent of Indians remain unaware of term insurance and its benefits, a new report has shown. Term insurance has grown by 18 per cent in FY24 across the industry as compared to a CAGR of just 2 … Read more
Mastercard has partnered with City Union Bank (CUB) to roll out its first passion cards in India. Meant for cricket enthusiasts, the new cards are full of a host of exciting lifestyle and travel benefits. CUB has brought Chennai Super Kings (CSK) and Sunrisers Hyderabad (SRH) on board to enable fans to make the most … Read more
Many Indians find themselves struggling to devise an investment plan and save money efficiently. This is happening in an era of global inflation, economic tariffs and disputes between nations all over the world. This is an era where financial stability is of paramount importance. Now, even after a cultural emphasis on saving and investing, several … Read more
At the time of securing a credit card, it is common among users to choose the card which has tempting features for them. And as one would expect, these features are quite personalised. For some users, discounts on movie tickets are more important than free coupons on eating out, whereas for some users, freebies on … Read more
As we enter the financial year 2025-2026, a lot has changed in recent times. Financial markets have been extremely volatile, interest rates are on a decline after a five-year hiatus, and US President Donald Trump’s tariffs have left the world markets jittery. Amid this turmoil, many investors who have specific long-term investment goals are in … Read more
But, some experts warn it may not be a blanket benefit available to all businesses and professionals eligible for presumptive taxation schemes. How does presumptive taxation work? Presumptive taxation for businesses and professionals is covered under Section 44AD and Section 44ADA, respectively. Under Section 44AD, small businesses with a turnover of up to ₹2 crore, whose … Read more
It’s time to ask: is your bank balance truly working for you? In this article, we explore smarter, safer, and more rewarding alternatives to traditional savings accounts—without compromising on liquidity or peace of mind. Switching banks Harshad Chetanwala, co-founder of MyWealthGrowth.com, emphasises that the primary considerations for alternative investments should be safety and liquidity. There … Read more
We frequently get the question: “Why focus on wealth preservation?” And it’s a valid one. An investment strategy that emphasizes preservation may appear modest and unambitious when equities are rising and people are feeling bullish. In such cases, it is important to remember how fleeting financial upturns and downturns are. Every market rise is followed … Read more
PIS accounts NRE-PIS (portfolio investment scheme) and non-PIS accounts are mandatory for NRIs who wish to invest in Indian markets, as per regulatory guidelines. A PIS account linked to an NRE account is ideal for NRIs prioritizing the repatriation of funds. However, they require approval from both the bank and the Reserve Bank of India … Read more
I’m a first-time borrower planning to apply for a home loan. How do banks and non-banking finance companies (NBFCs) assess creditworthiness in such cases? Do NBFCs offer any advantages over traditional banks for first-time applicants? What key factors should I keep in mind before taking a housing loan?” -Name withheld on request With home loans … Read more