In India, where car ownership is now becoming the norm, it is helpful to know about the variables that influence car insurance premiums in order to be able to manage your finances in the best possible way. While everyone knows about variables such as the make of the vehicle, age of the vehicle and driving … Read more
For many individuals, fuel expenses like petrol, diesel, etc., form a decent percentage of their overall monthly expenses. However, most credit cards don’t give reward points on fuel transactions. Infact, many credit cards charge a 1% surcharge on fuel transactions. In such a scenario, co-branded fuel credit cards assume a lot of significance. One such … Read more
If you stare at a financial crisis and need funds urgently – you will invariably have a temptation to raise a loan. Now with a range of fintech platforms offering loans aplenty, it is highly unlikely not to opt for a personal loan. Most unsecured loans charge a higher rate of interest, thus putting a lot … Read more
(Bloomberg Opinion) — Gen Z has been in the workforce just long enough to want out. Well, at least temporarily. The concept of a micro-retirement has started to trend (again) on social media, which makes it seem as if an entire generation of twenty-somethings wants to take an adult gap year. Is this a rebranding … Read more
Income Tax: Last two weeks are left to invest in tax saving instruments to be able to claim tax deduction for FY 2024-25. So, if you have opted for the old tax regime or plan to opt for it at the time of filing your tax return – you should invest in tax-saving schemes prior … Read more
For Maibam Nirbuala Devi, financial literacy came too late. Together with her family, she invested ₹48 lakh in a local scheme promising 5% monthly returns—only to find out it was a Ponzi scam. “In channels around here, the ads were about the schemes I invested in,” said Devi, who now faces mounting family tensions over … Read more
I am 38 years old, earning ₹1.80 lakh per month, with monthly expenses of ₹1 lakh. My current investments include ₹8,000 in NPS, ₹6,000 in VPF, ₹18,000 in EPF, and ₹50,000 per month in equity mutual funds. My accumulated savings stand at ₹7 lakh in NPS Tier 1, ₹15 lakh in PPF, ₹14 lakh in … Read more
As the travel segment grows, the competition in the travel credit card category is picking up. Some banks have rolled out travel-centric credit cards. Earlier, we had the American Express Platinum Travel Credit Card and the Axis Bank Atlas Credit Card in the travel category. Now, HSBC Bank has also joined with the TravelOne Credit … Read more
According to data from the Swiss Re Institute, total insurance premium collections are projected to grow by 7.1% over the next five years (2024–2028). This growth rate significantly surpasses the global average of 2.4%, the 5.1% growth in emerging markets, and the 1.7% average in advanced markets. Over the next decade (2024–2034), total premiums are … Read more
When buying health insurance in India, it is good to know what the riders are so that your policy becomes more efficient and personalised as per your needs, aspirations and expectations. Also Read | Health insurance EMI: Key risks and considerations you should be aware of There are extra benefits tagged on to your basic … Read more