What is term insurance policy? Before we explore the meaning of term insurance, let’s understand what’s insurance. According to Oxford Dictionary, insurance is defined as: arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs, for example, if you die…
Inn June 2016, the Lok Sabha (the lower house of Indian parliament) passed a comprehensive Benami Transactions (Prohibition) Amendment Bill 2015, with the intent of bringing unaccounted money into the financial system, as well as seizing benami (anonymous or proxy ownership) property and prosecuting those indulging in such activities. The…
Edited excerpts from valedictory speech delivered by R. Gandhi, Deputy Governor, Reserve Bank of India, at the FIBAC 2016 “New Horizons in Indian Banking” on 17 August 2016 at Mumbai. “Banking is necessary, but banks are not”, I am quoting here Bill Gates, what he said as Chairman, Microsoft, way…
After a prolonged period of sluggish performance, Hyderabad, the state capital of Telangana, is expected to witness rapid growth in terms of real estate with increase in demand supported by infrastructure development and investment from IT companies. In Hyderabad, the IT/ITES (information technology and information technology-enabled services) sector employs over…
Most banks offer their customers a home loan insurance when they fund their homes through a bank loan. Home loan insurance, also know as Home Loan Protection Plan (HLPP), is an insurance plan that covers the balance principal payment against the insured loan in the event of untimely demise of the…