In a significant move to enhance financial security for women, the government has amended its family pension rules. It is possible for a daughter who is divorced or separated to claim her deceased father’s pension directly, without having to wait for a legal decision. The changes, announced by Union Minister Jitendra Singh, now allow divorced … Read more
I am seeking guidance on financial planning for my parents, specifically my father, who is 57 years old and nearing retirement. He has dedicated himself to hard work throughout his career, and I am eager to ensure that he can experience a relaxing and fulfilling retirement. Current Assets and Investments: Land owned by my parents … Read more
Standard Chartered has unveiled its inaugural social bond valued at €1 billion (US$1.086 billion), marking a strategic initiative to promote sustainable development in low-income countries within its emerging markets footprint. This bond issuance is primarily targeted at fostering growth in small and medium-sized enterprises (SMEs), while also enhancing access to essential services such as healthcare … Read more
I’m 38 years old and hold a senior manager position at a mid-sized company. While I have a group term life insurance plan provided by my employer, I’m unsure whether the coverage is adequate to meet my family’s financial needs. How can I assess if the sum assured is sufficient? Additionally, is there an option … Read more
ICICI Prudential Life Insurance has launched a new product, ICICI Pru GIFT Select, designed to provide guaranteed immediate income, addressing the uncertainties of current market conditions. This new savings plan includes benefits such as guaranteed returns, preservation of wealth, and an inflation-adjusted increasing income option. For those seeking financial security, the plan offers immediate income … Read more
For generations, fixed deposits (FDs) have been India’s preferred financial security blanket, offering stability in an ever-evolving financial landscape. In 2023, Indians had over ₹103 trillion locked in FDs – a massive vote of confidence in an investment option that has stood the test of time. While FDs have weathered India’s socio-economic shifts for over … Read more
Retirement is a crucial period in one’s life, and it is important for individuals, whether they are self-employed or salaried employees, to prioritise financial security in their golden years. Many financial experts emphasize the importance of tax saving in financial planning for individuals of all income levels, including senior citizens. It is essential to consider … Read more
PAN card scam: Many customers of India Post Payments Bank (IPPB) are being targeted by a phishing scam. They are receiving messages instructing them to update their PAN card details or risk having their bank accounts blocked. These messages contain a suspicious link that leads customers to scammers. The Fact Check team of the government’s Press … Read more
There is a significant discussion surrounding the intersection of divorce and financial management for couples who decide to separate. Divorce costs can be substantial, particularly for the ultra-wealthy, where settlements may amount to millions or even billions of dollars. However, middle-class couples, especially those facing “grey divorces” in later life, can also feel significant financial … Read more
Launched in August this year, the Jharkhand Mukhyamantri Maiya Samman Yojana or Maiya Samman Yojana is a cash benefit scheme, much similar to Maharashtra’s Ladki Bahin Yojana, Madhya Pradesh’s Ladli Behna Yojana, was designed to improve the financial security and well-being of women throughout the state. Numerous female recipients are eagerly anticipating the upcoming disbursement … Read more