One very important aspect we need to understand is that after the age of 45 no insurance company will provide a health policy without medical check examination. Once the medicals are done and the individual is prone to even 0.001% of any disease, that particular ailment will be excluded from the policy and he/she cannot… Read More »
The expense ratio is the proportion of recurring expenses that a fund charges to its schemes year after year, and so the Expense Ratio is also known as Annual Recurring Expenses. This basket of charges comprises the fund management fee, agent commission, registrar fees and the selling and promotion expenses.
Real estate appreciates in capital – particularly the land. The building generally depreciates. Recently the National Housing Bank launched the Residex, an index which will track the capital appreciation of real estate house properties. The data is updated for 3 years now. Over a period of time, the index can be used as a good… Read More »
“I thought you would never ask! Well, it’s quite a story. I was originally the symbol of Count Francesco Baracca, an Italian WWI pilot and a national hero. He used to paint me on the side of his plane. He passed away on 1918, too young to die, but that is all in the past.… Read More »
On the other hand virtual cards are being promoted by Banks specifically to address such fraudulent online transactions. These cards go one step even further in implementing online security. They are a one time use card. The user can generate this card online via a simple registration process several times during any given day with… Read More »
Rajiv looked harassed and upset. When he saw Raghav he quietly handed over some sheets of paper which was the hospital bill for Rs. 5.25 lacs and a faxed letter from the insurance company saying that they would pay up only Rs. 2 lakhs. Rajiv explained that their group medical insurance covered parents only upto… Read More »
Once the lender takes control of the property, an independent valuation is conducted with the help of an independent chartered surveyor who fixes two values for the property. One is the market value of what the property is actually worth and another is termed as the distress value, which is around 15-20% lower than the… Read More »
Your partner may be under the false impression that not knowing the details of your family finances will reduce stress.That’s not the case. Explain to him/her that sharing knowledge and responsibility for your financial life reduces stress as it makes you ready for any situation that may arise when one is unable to operate.
Central Bank of India has introduced a unique recurring deposit (RD) scheme with personal accident insurance cover. The scheme is due to start from December 1.
The year 1957 saw the re emergence of Ford as the top selling brand with the sale of 1.68 million automobiles and the introduction of the Skyliner model with an all steel hardtop capable of changing into an open convertible at the touch of a button. An automatic folding mechanism retracted the top into the… Read More »