Finance - News - MSN India

Are you insured against floods?

Sat, 07 Nov 2009 13:09:54 GMT

Flood insurance denotes the specific insurance coverage against property loss from flooding. The protection offered by most policy covers losses incurred due to some failure at the home itself. However, Flood insurance indemnifies the insured for the loss of property that occurs specifically due to overflowing water bodies or flood. Flood insurance is specifically needed for properties situated in flood-prone areas.

How does a premium waiver rider benefit you?

Sat, 07 Nov 2009 13:09:54 GMT

One of the most popular and important riders added to an insurance policy is the ‘Waiver of Premium’ rider. If this rider is a part of one’s insurance policy, it ensures that the premiums to be paid by the insured are waived in the event that the insured becomes ‘completely disabled’ or loses his source of revenue because of unemployment owing to an injury or sickness. In such a situation, even though the premiums are not paid by the insured, the policy does not lapse.

An apartment for rent? Here is your checklist!

Sat, 07 Nov 2009 13:09:54 GMT

No matter how you find the place you are deciding to rent a personal tour is absolutely crucial, even if it is recommended by your best friend. Visit, visit and visit the apartment. This is because only you know what exactly will make you comfortable in your house, what difficulties you have faced in the place you lived earlier etc. Go from room to room, preferably with your family and let each one state their opinions. This way you will not miss out on anything.

Why is stamp duty important?

Sat, 07 Nov 2009 13:09:54 GMT

In the case of real estate transactions, mortgage deeds etc. which tend to be high, the stamp duty value is also high. Stamp Duty charges also vary from state to state and is left to the discretion of the state government. There is a state to state wide variation in stamp duty rates across the country. In the state of Tamilnadu for instance, about 8% of the property value is claimed for stamp duty and about 1% is claimed for registration charges of the property.

Money mantras for a happy marriage

Sat, 07 Nov 2009 13:09:54 GMT

The Iyers had a simple formula - If they earned Rs. 100/- whether Raghu’s salary or Radha’s freelance income Rs.30.00 went towards investments. Of this - Rs.10 went to long term saving, Rs.10 went to short term (1-2 years) needs and Rs.10 went to build an emergency corpus. After a couple of years they had created an emergency corpus which enabled them to start investing that Rs.10 for their children.

The perfect retirement savings plan

Sat, 07 Nov 2009 13:09:54 GMT

Typically, people in their late 20s and early 30s, with family obligations, should begin by looking at property. In fact, up to 50% of your fund should be invested in property, as it appreciates over the long term. Following this should be up to 30% exposure in equities/ mutual funds, to reap the high returns they promise over the long term. 10% in long-term bonds and debentures will yield a fixed return over a period of time. Liquidity is as important, so invest 5% in gold, fixed deposits and 5% in cash.

IndusInd Bank targets 25% growth this year

Sat, 07 Nov 2009 13:09:54 GMT

IndusInd Bank is aiming to achieve a 25 per cent growth in its business volumes in Kerala during the current financial year.

Federal Bank Net Up by 30.16%

Sat, 07 Nov 2009 13:09:54 GMT

Federal Bank Ltd has recorded a 30.16 per cent increase in net profit for the first half of this year at Rs 237.45 crore over Rs 182.43 crore recorded for the same period, the previous fiscal.

Corporation Bank Net Up 52%

Sat, 07 Nov 2009 13:09:54 GMT

Corporation Bank’s net profit rose 52 per cent to Rs 292 crore in the second quarter of 2009-10, compared to Rs 192 crore in the corresponding quarter last year.

OBC to Open Offices in UK and Hong Kong

Sat, 07 Nov 2009 13:09:54 GMT

The Oriental Bank of Commerce is planning to expand its global footprint by opening offices in the UK and Hong Kong. Earlier this year, the bank had opened a branch in Dubai on March 30. With this, the bank got overseas presence first time after being established in Lahore in 1943.