Finance - News - MSN India

Forgot your premium? Here is what you can do!

Wed, 25 Nov 2009 02:50:57 +0000

What benefit would Ajay get out of reviving an old policy? For one, he would get the benefit of having to pay regular premiums calculated when he was 28 - which would be less than the premium for a similar, new policy taken at the age of 32. Secondly, he will continue to get all the benefits and guaranteed returns of the policy as was promised to him 4 years ago. Last, but not the least, he benefits from tax deduction under Section 80C for the entire payment made towards arrears in premium payment, not counting the penalty.

Ford Motor Company – The legend

Wed, 25 Nov 2009 02:20:45 +0000

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 rear deck. Despite being one of the most expensive models of Ford till then, the Retractable sold around 21 000 pieces before production stopped in 1959.

Is it ULIPs or term insurance for you? Find out!

Wed, 25 Nov 2009 02:10:34 +0000

ULIPs are similar to mutual funds except that they provide life cover, tax benefits and need to be kept for long term. On the other hand, term insurance is actually insurance where your dependents get sum insured in case you die, but nothing if you outlive the insurance term. Both term plan and ULIP do have their benefits and drawbacks. Read on to know more.

How to go about insuring yourself against terror

Wed, 25 Nov 2009 02:05:24 +0000

Terror insurance is considered to be a difficult product for insurance companies, as the odds of terrorist attacks are very difficult to predict and the potential liability enormous. This combination of uncertainty and potentially huge losses makes the setting of premiums a difficult aspect. Most insurance companies therefore exclude terrorism from the insurance coverage.

What an NRI should know about gifting laws!

Wed, 25 Nov 2009 02:00:28 +0000

No special permission is required for an Indian citizen residing outside India to acquire (by purchase or gift) any immovable property in India other than agricultural land, plantation property or a farmhouse. Therefore, Mr. Sethi can buy a house in India as easily as any resident Indian.

Maruti, a life story

Mon, 23 Nov 2009 02:53:41 +0000

1987 marked a very special year for both Maruti as well as our nation with the export of a first lot of 500 cars to Hungary. One can almost feel the jubilation that the workers of MUL must have felt in gaining acceptance in Europe, the very Mecca of automotive engineering. 1992 was a year of major overhaul in MUL with Suzuki increasing its shares to 50 %.

Plan your money management!

Mon, 23 Nov 2009 02:45:19 +0000

When planning is done for almost everything important things in life, why money be any different? One may argue that money is not an end in itself, so why bother about it. But definitely is an important tool to achieve our goals. For instance, an entrepreneur will be very relieved to realize that his savings and investment in appropriate assets and in right quantum have made up for his retirement and he is not required to work once he decides to do so.

Double your tax saving, opt for a joint home loan!

Mon, 23 Nov 2009 02:30:09 +0000

To get the best out of the tax savings, it is good to let the partner with the higher pay make a higher contribution towards the home loan resulting in a better tax benefit collectively. In any case as both Niranjan and Chitra are earning, other expenses can be managed with the income of the person making a lesser share towards the loan. This would help you optimize the benefits from the tax exemption on principal and interest repaid.

Going back in time to learn how to manage money!

Mon, 23 Nov 2009 01:30:59 +0000

Ever heard of your dad or grand dad take a loan for a vacation or for that matter for a festive and high spending involved occasion like a wedding? Do you recall them buying clothes because retail therapy helped their blues every other month? They always preferred quality over quantity on anything purchased be it the furniture, utensils, clothes or home accessories.

Will it be the axe for prepayment penalty?

Fri, 20 Nov 2009 04:13:48 +0000

Recently the Reserve Bank of India (RBI) has hinted at drafting a policy to restrict banks from imposing prepayment penalty of retail loans. The proposed move follows many such complaints from loan borrowers paying EMIs based on the floating rate of interest. They feel that they are missing out on the benefits of periodical rate cuts in interest.