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News

mint
livemint.com > money > personal-finance > rs-1-crore-fine-penalty-why-did-irdai-penalise-canara-hsbc-for-mis-selling-insurance-to-an-88-year-old-what-went-wrong-11789135136562.html

???1 crore fine penalty: Why did IRDAI penalise Canara HSBC for mis-selling insurance to an 88-year old? What went wrong

1+ day, 14+ hour ago   (407+ words) The Insurance Regulatory and Development Authority of India (IRDAI) has levied a ₹1 crore penalty on Canara HSBC Life Insurance Company Limited over mis-selling of a life insurance policy to an 88-year-old customer, according to a Moneycontrol report. The regulatory proceedings…...

mint
livemint.com > industry > banking > npci-launches-tap-to-pay-unified-upi-services-window-11789052824922.html

NPCI launches tap-to-pay, unified UPI services window

2+ day, 13+ hour ago   (362+ words) National Payments Corporation of India (NPCI) on Thursday launched new features on the Unified Payments Interface (UPI), including a tap-to-pay facility and a single window to track transactions and access UPI-related services. The features were launched by Reserve Bank of…...

mint
livemint.com > money > public-insurance-registry-6-things-that-could-change-with-pir-know-your-agent-all-policies-together-and-more-11788949499946.html

Public insurance registry: 6 things that could change with PIR; Know Your Agent, all policies together and more

3+ day, 19+ hour ago   (434+ words) The proposed public insurance registry (PIR) could change how you buy and manage insurance. It would connect records across insurance companies, allowing information sharing with your permission. Here are 6 changes the proposal could bring, and the challenges that remain. Today,…...

mint
livemint.com > money > personal-finance > 10-lakh-health-insurance-does-not-mean-10-lakh-payout-here-s-why-your-insurer-may-pay-less-than-the-hospital-bill-11788918410671.html

???10 lakh health insurance does not mean???10 lakh payout; Here???s why your insurer may pay less than the hospital bill

4+ day, 3+ hour ago   (936+ words) Buying a health insurance policy with a ₹10 lakh or ₹20 lakh sum insured can give consumers a sense of financial security, but the headline cover does not necessarily mean the insurer will pay the entire hospital bill. Room-rent caps, disease-specific sub-limits,…...

mint
livemint.com > money > personal-finance > emergency-fund-vs-health-insurance-which-should-you-prioritise-first-expert-explains-why-you-need-both-11788773491085.html

Emergency fund vs health insurance: Which should you prioritise first? Expert explains why you need both

5+ day, 19+ hour ago   (876+ words) When money is tight, many people face a common personal finance dilemma about if they should build an emergency fund first or spend on health insurance. Financial planners say the two serve different purposes and should not be treated as…...

mint
livemint.com > money > personal-finance > delivery-ride-hailing-home-services-gig-worker-earn-2-5x-rs-138-hour-compare-similar-formal-informal-jobs-redseer-report-11788538598093.html

Delivery, ride-hailing and home services??? Gig workers earn 2.5x compared to similar formal and informal jobs: Report

1+ week, 1+ day ago   (260+ words) Across delivery, ride-hailing and home services, gig workers make average net earnings of around ₹138 per hour — 2.5 times the ₹54 per hour earned in comparable formal and informal jobs, a report by Redseer Strategy Consultants found. More than 90% choose part-time participation as…...

mint
livemint.com > money > lock-in-low-premiums-why-buying-health-insurance-in-your-20s-can-save-you-lakhs-later-11788525903534.html

Lock in low premiums: Why buying health insurance in your 20s can save you lakhs later

1+ week, 1+ day ago   (153+ words) Securing an individual insurance policy around age 25 while in good health unlocks financial and structural perks, including lower starting premiums and the ability to clear required waiting periods before medical issues arise. This raises an important question: Should you invest…...

mint
livemint.com > money > personal-finance > how-to-choose-the-right-health-insurance-policy-5-key-factors-to-keep-in-mind-11788231076655.html

How to choose right health insurance policy: 5 key factors to keep in mind

1+ week, 5+ day ago   (257+ words) Rising medical costs in India can turn even routine hospitalization into a financial shock. While a comprehensive health insurance policy is the best safeguard, choosing the right plan means weighing several factors. From selecting the sum insured and policy structure…...

mint
livemint.com > money > personal-finance > home-loan-insurance-claim-rejected-after-borrower-s-death-ncdrc-explains-why-medical-history-disclosure-matters-11787713910305.html

Home Loan Insurance Claim Rejected After Borrower???s Death: NCDRC Explains Why Medical History Disclosure Matters

2+ week, 4+ day ago   (685+ words) A home loan insurance policy does not necessarily protect a borrower's family from the outstanding loan if the policyholder is found to have withheld material information about a pre-existing illness. A recent National Consumer Disputes Redressal Commission (NCDRC) order shows…...

mint
livemint.com > money > personal-finance > no-predictable-monthly-income-how-gig-workers-can-use-nps-to-save-for-retirement-and-build-a-long-term-corpus-11787220734825.html

No predictable monthly income? How gig workers can use NPS to save for retirement and build a long-term corpus

3+ week, 2+ day ago   (576+ words) For a salaried employee, putting a fixed amount into retirement savings every month can be relatively straightforward. For a freelancer, consultant, delivery partner, cab driver or small business owner, income can vary sharply from one month to the next. “Income…...