On Monday Muthoot Finance stated that to provide insurance on gold jewellery as part of their new initiative, it has tied up with Bajaj Allianz General Insurance. The name of the policy known as "Muthoot Gold Shield". The policy provides insurance coverage of gold jewellery for individuals at the time of closure of gold loans and the release of gold ornaments. The policy will provide insurance coverage to the customers of Muthoot Finance as a loyalty product. The policy covers burglary, loss … [Read more...]
How to read your NPS Statement?
Investors get a transaction statement by email every month like the consolidated monthly account statements for their investments in shares and mutual funds, and the statement tells them how their NPS investments fared. Sometimes investors opt for online transactions while investing in NPS and the monthly statement sent to them can be used for record-keeping. Here Funds Instructor tells investors how do they must read their NPS statement and understand what’s happened with their … [Read more...]
IndiaFirst Life launches Guaranteed Protection Plan
IndiaFirst Life Insurance Company has announced to launch of the IndiaFirst Life Guaranteed Protection Plan. The company services its customers in over 98% of pin-codes across nationwide. The IndiaFirst Life Insurance Company offers 7 plan options under the IndiaFirst Life Guaranteed Protection Plan, and an individual can select any of the options as per their requirement. This term insurance policy has been designed to provide the financial support to the insured and their loved ones for … [Read more...]
Kisan Vikas Patra
Kisan Vikas Patra is a small saving certificate scheme introduced by the Indian post office in 1988. The main object of the scheme is to encourage people to long term financial discipline. It is a low-risk savings platform, where you can safely park your money for a certain period. It doubles with a lump sum investment in approximately 10 years & 4 months (124 months) if you purchase the certificate between 1st April, 2020 to 30th June 2020. An individual can start investment with a … [Read more...]
For digital transformation, the LIC Housing Finance unveils Project RED
With the aiming to do 95% of work by the digital mode, mortgage lender LIC Housing Finance has launched Project RED (Re-imagining Excellence through Digital Transformation). The lender has engaged Boston Consulting Group (BCG) as its consultant for this project, and the company plans to implement it in the next 21 months. The company expects double-digit growth in the current financial year. Siddhartha Mohanty, MD, and CEO said that "September was the best compared to any other September. I … [Read more...]