Property registrations in Mumbai surged 78% year-on-year with 9,523 units registered in May, according to data compiled by Knight Frank India. The substantial rise comes on the back of low sales registrations recorded in May 2021 due to the lockdown during the second wave of the pandemic. On a month-on-month basis, property registrations declined 19%, […]
By Sanjiv Bajaj Let us accept the reality— as a young salaried individual, you could be torn between the consumerism all around you and thoughts about saving for the future. While there’s nothing wrong in spending a portion of what you earn, you also need to take care of your financial future. Let us look […]
As insurance regulator Irdai has allowed the general insurance companies to design new and customised products for dwellings, micro and small enterprises for fire and allied perils, this new guideline will provide policyholders more options to select products. And, competition among the insurers on product features is expected to bring innovation to the industry. The […]
When buying a motor insurance policy, one must look at a comprehensive policy along with add-on covers such as zero depreciation, engine cover,.vehicle replacement, roadside assistance and towing, etc. These optional add-on covers will cover those elements which are excluded from the policy. Comprehensive cover A comprehensive motor insurance will cover own-damage as well as […]
If you are looking to save for your retirement, the National Pension System (NPS) along with other investment options may be considered. NPS is essentially a long-term investment scheme to help one direct his or her savings towards retirement. How NPS worksAfter opening an account, you keep contributing till age 60 or till the scheme’s […]
By Supriya Suri Indians are known for being big savers which has helped them tide over many a financial crunch. However, due to the pandemic, household savings have taken a hit. According to the Reserve Bank of India (RBI), household financial savings rate fell to 8.1% of GDP in the quarter ending December 2020, down […]