Medical Insurance Portability From 1st October 2011 !

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Come October and medical insurance buyers who are not satisfied with their existing policies can switch to another insurer without paying any extra premium. The IRDA has issued the final guidelines to be followed by insurance companies regarding portability. IRDA has set 1st October 2011 as the date for commencing health insurance portability. Insurance Portability...

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Deposit Limit upto Rs 1 lakh for PPF Recommended !

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Good news for PPF subscriber. The Committee on Comprehensive Review of National Small Savings Fund (NSSF) headed by Deputy Governor, RBI has recommended increasing the deposit limit under PPF Scheme from existing Rs. 70,000 to Rs. 1 lakh per annum and fixing of rate of interest on advances against deposits in PPF scheme at 2...

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Investments Idea During Slowdown of Economy

All economic indicators have started showing signals of weakness and sluggishness- be it inflation, interest, economic growth rate or disinvestments.  What’s more, now the worry has come from none other than Reserve Bank of India itself. RBI has hinted that Indian economy may face a difficult year ahead. The inflation is a major socio economic...

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Double Bonanza for Senior Citizens – IDBI Federal launches Life’s Term Plan – eligible for deduction u/s 80C

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Private insurer IDBI Federal, a joint venture of IDBI Bank, Federal Bank and Ageas, a multinational insurance company from Europe, has launched a Life Term Plan for senior citizens. Those who have missed the bus to get themselves insured during their young age, it’s not late.Anybody who is above the age of 50 yrs but...

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Have a Visa Debit Card – Can buy Mutual Funds online.

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Fidelity Mutual Fund and ICICI Pru Mutual Fund has launched a facility wherein an investor can buy MFs of the two fund houses using their Visa Debit Card. All the Fund houses provide their investors with the facility of buying funds through internet banking but the idea of using Visa Debit credit has exclusively been...

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