Yahoo shuts down news sites in India due to new FDI rules

Yahoo has shut down its news websites in India due the new foreign direct investment (FDI) rules that limit foreign ownership of media companies that operate and publish digital content in India. This includes Yahoo News, Yahoo Cricket, Finance, Entertainment and MAKERS India. This, however, will not affect users’ Yahoo e-mail, and search experiences in […]

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LIC launches new Bima Jyoti plan: Check Benefits

Amid the fall in interest rates offered by banks, the Life Insurance Corporation of India (LIC) has launched a non-linked, non-participating, individual savings plan called Bima Jyoti. The plan offers a combination of protections and savings. While it will provide life cover in case of unfortunate death of the policyholder, it also provides guaranteed lumpsump […]

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Family Floater or Individual Insurance: Things to Consider while Choosing a Health Cover

Sujoy is a 40-year-old father of two who runs a computing business. He also supports his parents who live with him. He is considering buying a health insurance policy to cover the medical expenses of his family. Fortunately for Sujoy, except for his parents who struggle with heart ailments, his family has enjoyed good health. […]

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You can Enjoy the Benefit of a Term Insurance Policy even after you Emigrate

I will be moving to Canada with my family soon. I have a term life insurance plan in India. I don’t plan to come back. Will it make sense to discontinue the policy? If all goes well, I could be taking up Canadian citizenship. Will this plan still be effective if I do? —Name withheld […]

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Coronavirus Pandemic Impact: Keep Your Investments Liquid and Focus on Short Term Goals

The whole world is experiencing uncertainty and hardship due to the unprecedented COVID-19 pandemic. This pandemic came at a time when the global economy was already facing tough times. Hence, in the given situation, it is important to take prudent financial actions, both preventive and corrective, to ensure overall financial wellness of an individual and […]

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Senior Citizens can Avail Doorstep Banking Facility During Coronavirus Lockdown

Senior citizens aged 70 or more can avail doorstep banking facilities even during coronavirus lockdown. As per the Reserve Bank of India (RBI) guidelines, banks have to arrange pick up of cash or cheque and drop of demand drafts for senior citizens and differently-abled or infirm persons (having medically certified chronic illness or disability). The central bank […]

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Renewal Date for Health Insurance Policies Extended but will You be Insured in this Period?

Normally, in case of health insurance, if a policyholder fails to pay the renewal premium by the renewal date he/she gets a certain grace period to pay it. Most health insurers allow policyholders to renew their policies by paying the renewal premium during this grace period. However, is the policyholder covered/insured during the grace period (until the policy is renewed)? Will the policyholder’s claim […]

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Renewal Date of Health, Motor Insurance Policies Further Extended to May 15

The Ministry of Finance issued a notification on April 15 stating that health and motor insurance cover renewal dates that fall between March 25, 2020 and May 3, 2020 have been further extended till May 15, 2020 due to the coronavirus lockdown. This means that if your current compulsory third-party insurance policy is expiring between March 25, 2020, and May 3, 2020, […]

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Paytm Payments Bank Partners Mastercard to Launch Debit Cards

Paytm Payments Bank will now issue Mastercard debit cards to its account holders to enable them perform online transactions, make payment in stores as well as withdraw cash from ATMs. “Paytm Payments Bank Ltd (PPBL) has partnered with Mastercard for the issuance of virtual and physical debit cards. To start with, PPBL will issue Mastercard […]

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