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Buying Guide: How to buy Best Term Life Insurance Plans?

‘Why should I keep paying for a product that does not give anything in return?’ is a common question that people ask insurance advisors. Not everyone can appreciate the fact that one pays a premium because there is a guarantee that if something untoward happens to him or

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Financial Planning Basics: Creating a Financial Plan in Six Simple Steps

It is a fact that most people spend lavishly when they are earning well and don’t think about their financial future. As a result, they end up with a lot of debt when their earnings reduce due to reasons like retirement. A sure shot way of preventing yourself

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How to File an RTI Online?

The Right to Information Act (RTI) is considered to be one of the strongest pieces of legislation as it gives citizens the power to question public authorities and their activities, thereby not only promoting transparency, but demanding accountability as well. A normal citizen can keep an eye on

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Payment Banks: So that no one is left out

Lately, ‘payment banks’ have been a lot in the news. What exactly are these ‘banks’ and are they going to be any different from the regular banks? Who are their primary target customers? What is their future likely to be in the banking system? Will they be allowed to stay independent

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What is E Aadhar Card? | E-Aadhar Card Benefits

The digitalization wave has hit India, and the Indian government is also not untouched by it. Thanks to digitalization, the government has thought of compiling a single central database that will collect and store information of all the citizens in one place. The result of this thinking is

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Download E Adhar Card Online | E-Adhar Card Status

Adhar card is a way of life in India now. to make things easier, all information is available online and there is a provision to download e-adhar card. This article is all about – how to download an e aadhar card, how to get e aadhar, and how

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A Comprehensive Guide for Retirement Planning in India

It is a well-known fact that a few years after you start your professional life, you start coming across terms like retirement planning, best retirement plans, the best retirement age and retirement benefits. If you are also listening to these terms a bit too often and you are

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Understanding the Cooperative Banking Structure in India

Some cooperative banks are older like their peers in the commercial banking sector. There are cooperative entities as old as 1906 & later, who first ventured into the cooperative sector as a cooperative credit society serving limited clientele in the agricultural sector with limited membership holding shares. Later

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List of Cooperative Banks in India

Cooperative banks have limited branches in the country. They are mostly concentrated in the States where they were originally established by some distinguished farmers or socially-committed Samaritans after obtaining license from the RBI. It has been seen that as the coop banks cater to a particular community who

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Cooperative Banks: Cooperative Banking meaning, their limitations and how are they different from commercial banks

What are Cooperative Banks in India?
Cooperative Banks are registered under State Laws and primarily cater to rural poor & agriculturists. They provide term credit to agriculture & obtain refinance/concessional interest from RBI. All Cooperative Banks are governed by Banking Regulation Act. They have limited scope in

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All You Need to Know About Filing GST Return Online

Every entity that is registered under GST needs to file a GST return. Even if an entity fails to make a purchase or sales in the given period, it still needs to file a Nil return. If you are curious to know the GST return filing procedure or

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GST FAQs – What is GST, Benefits, Implementation and More

GST stands for Goods and Services Tax that is levied by the Government of India. Since its inception, it has been surrounded by a lot of buzz. If you are also curious to know about it then here are a few FAQs that may help you get all

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How to do GST Registration Online and Get a GST Number?

GST stands for the goods and services tax. It is mandatory for every dealer with a turnover of INR 20 lakh (10 lakh in some states) to register for GST. If you fall under that category, then you should know the process of GST registration online, fill the

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Ayushman Bharat Yojana (ABY) | National Health Protection Mission

“Swasth Bharat, Samriddha Bharat”

What Is Ayushman Bharat Yojana (ABY)?

This scheme aims to cover over 10 crore poor and deprived rural families as well as families of identified occupational categories of urban workers (as per the latest

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Beware of Additional GST on MRP and Discounted MRP Levied by Unethical Retailers

Beware of Additional GST on MRP and Discounted MRP Levied by Unethical Retailers
GST stands for Goods and Services Tax, and it is a combination of state, and Central taxes levied on goods and services. Some retailers are levying GST on MRP or discounted MRP as an unethical

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National Pension Scheme (NPS): Eligibility, Joining Process and Types

National Pension Scheme or NPS scheme is an initiative of the government of India. It is a contribution-based pension scheme that allows a person to create a retirement corpus. Men and women can use it as a saving-investment or post-retirement tool. It was earlier created for government employees

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Buying Guide: How to choose the best retirement plans

What you need to know before you start investing in a unit linked retirement plan?

Unit linked life insurance plans are different from traditional insurance plans (endowment/participating) and are subject to different risk factors.
Premiums paid in unit-linked life insurance plans are subject to investment risks associated

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Living Will becomes crucial since Passive Euthanasia is legal in India now

In March this year, in what was a landmark judgement, the highest court of the country allowed ‘peaceful death’ (passive euthanasia in medical terms) of terminally ill (vegetative state) patients when according to medical advice the patients are in ‘coma’ or in a state of condition where their

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Buying Guide: How to get the Best Top up Medical Insurance Plan?

Why do you need a Top up Medical Insurance Plan?

You have not yet taken any health insurance policy.
You do have a basic/regular medical insurance policy with, say, X company but this company does not provide a top up cover.
You have a medical insurance

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What happens to Fixed Deposits in case banks or finance companies go bankrupt?

Various surveys point out that the majority of households prefer to park their money in bank deposits, with less than 10 per cent opting for investing in mutual funds or stocks. Why? Because consumers believe that investing in bank fixed deposits is one of the safest and oldest

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Bank must compensate woman for sharing info with estranged husband

A bank has a relationship of fidelity with its customers and it cannot share their personal information or financial statement with anyone else, the Delhi State Consumer Commission said while holding a private bank, HDFC, guilty of deficient service by providing account details of a woman to her

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Railways must compensate for dosa served with iron screw

The consumer forum in Bengaluru has directed the Chief Regional Manager, Railways, to shell out Rs 6,500 as compensation for serving a dosa with an iron screw in it, to one (retd) Col. RC Gupta. The consumer forum comprising president T Shobhadevi and member V Anuradha said that

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What is 80c?

Taxes are an essential part of the Indian economy. All people, companies or entities who earn more than a specified income are bound to pay taxes to the government which enables the government to earn revenue and let a taxpayer enjoy some basic facilities. If you are also

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How to Apply for a PAN Card Online?

Permanent Account Number is an important document that comes in handy while doing any transaction be it opening a savings bank account or applying for a debit card. It allows the income tax department to track the income of any individual, company, Hindu Undivided Family or any other

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Railways can’t be blamed for chain snatching through window: NCDRC

The Indian Railways cannot be blamed for a chain-snatching incident if the ‘miscreant’ is outside the train compartment, the National Consumer Disputes Redressal Commission (NCDRC) said while quashing lower-fora orders holding it responsible for the loss to a passenger.
The NCDRC’s observation came on a revision petition by

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Currency notes likely to cause diseases: Food safety authority

The Food Safety and Standards Authority of India (FSSAI) has issued a warning that currency notes and coins can cause infection and diseases. The unhygienic and careless handling of currency notes and coins is the reason for infection. The FSSAI has directed the food safety commissioners to organize

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Good news for pensioners: Medical reimbursement cannot be denied because treatment was in non- empanelled hospital

The Supreme Court bench of Justice RK Aggarwal and Justice Ashok Bhushan, in the matter of Shiva Kant Jha versus Union of India, vide judgement dated 13.04.2018, has held that Central Government Health Scheme (CHGS) medical claim cannot be denied merely because treatment was in a non- empanelled

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File Income Tax Return Online with These Simple Steps

Are you curious to know more about income tax e-filing? Do you want to file income tax return online but need some help? If the answer to both these questions is yes, then you would be wise to read on. Here you can know how you can complete

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Have a Grievance against a NBFC? There is an Ombudsman to go to

Thanks to the new Ombudsman Scheme launched this year, individuals investing in fixed deposit schemes of non-banking financial companies (NBFCs) now have a government body to fall back upon in case of deficiency in service including any default in their deposits. This move was

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Latest Income Tax Slabs

Latest Income Tax Slabs, Income Tax Rates and Income Tax Limits for 2018-19
In India, the new year is celebrated on 1st January while the financial year begins on 1st April every year. For some people, the former involves making new resolutions and lifestyle

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Hyderabad Forum slaps Rs 50,000 fine on insurance company

The Hyderabad District Consumer Forum has slapped a fine of Rs 50,517 on National Insurance Company for deficiency of services.
Daredoa Safaraz had subscribed to a group mediclaim policy of National Insurance Company for his wife, father Kurban and himself. In 2014 Kurban developed numbness over the left

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Commercial Vehicle Insurance Claim Process

Filing of Commercial Vehicle Insurance Claim Claims
The increasing number of accidents and incidents of vehicle thefts has made it essential for policyholders to know how to file vehicle-insurance claims. When the accident happens, call your insurance company representative as soon as possible—even

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What Does the Package Commercial Car Insurance Policy Offer?

Before reading the inclusions, exclusions and addons that you should focus on before buying a commercial car insurance policy, understand the below terminologies that will help you to understand the process easily.
Difficult Terminologies Explained
 
Legal liability (as applicable to commercial vehicles

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Inclusions and Exceptions of International Travel Insurance

International Travel Insurance is important to cover the medical emergencies or financial exigencies that might happen when you travel overseas. You need to read the finer print of these policies and know what all is included and what all is not so that you

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Points to consider to finalize Overseas Travel Insurance

Pre-existing medical conditions
Older travellers are more likely to have a pre-existing medical condition (such as hypertension) – and some will find that they are denied cover because of that condition. But there are insurers who will offer cover specifically for older travellers with

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All about Second Hand Car Loans

There are many reasons why you will buy a second hand car (or used or a pre-owned). For instance:
a) You cannot afford the cost of a new car.b) A second hand car is cheaper due to pre-loaded insurance and road tax.c) You can

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Bank Locker Insurance

Do you have a Bank Locker Insurance?
With your jewellery and valuables inside your bank locker you can have a goodnight sleep. Well that is what you think so? However, one gets to read about safe locker thefts frequently and who knows your safety

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Advantages and disadvantages of bank lockers

Bank lockers are one of the safest options to keep your jewelry and important papers safe. Safe lockers are made of high quality thick steel plates with screws fitted on them making it difficult for robbers to break open. But do you know what are

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Tips for Hiring a Locker

We all know that keeping articles safe in a bank locker is the best possible way to keep your assets secured. But how to hire a safe locker that’s just right for you? What are the tips for hiring a locker? Though banks do

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What are the RBI Guidelines on Bank Lockers?

Do you think you really can have a sound sleep thinking your valuables are secured in safe deposit lockers? Well not really. The notification issued by the Reserve Bank of India or RBI on bank lockers clarifies that bank locker hirer in
India is

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What are ULIP returns and why should I invest in ULIP?

The performance of various ULIPs or Unit Linked Insurance Plans, with reference to growth of units, depends on market forces as also the efficient management of investments by the appointed fund managers. Due to the ups and downs in the market based on demand/supply

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What is ULIP or Unit Linked Investment Plan?

ULIP or Unit Linked Investment Plan is a combination of insurance and investment. A portion of the premium paid by the policyholder is utilised to provide insurance coverage to the policyholder, while the remaining portion is invested in equity and debt instruments. The aggregate

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What are Associated ULIP charges?

Your ULIP policy may come with additional associated charges. Please read the terms and conditions carefully before opting for ULIP. These charges could be :

Premium allocation fee

The charge is imposed beforehand on the premium amount. It is a percentage of

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Home Loan Complaints – Grievance and Redressal of NBFCs Home Loans

The RBI has made it mandatory for all NBFCs (Non Banking Financial Companies) to have a grievance redressal officer, whose name and contact details have to be mandatorily displayed in the premises of the NBFCs. Aggrieved borrowers who have home loan complaints can approach

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NBFC Home Loan Interest Rates

Below are the Lending Rates and Interest Rates of NBFC (Non Banking Financial Companies)
MCLR
RBI governs the lending rates in India for financial transactions by financial institutions. Earlier, RBI used to decide the base rate and all FIs would follow that rate

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Features and Home Loan eligibility from an NBFC

Home Loan Eligibility
NBFCs (Non Banking Financial Companies) base their home loan elgibility criteria on the borrower’s profile, which is defined by the following:

Age
Monthly income (gross and take home)
Spouse’s income
Assets and liabilities
Stability of occupation
No. of dependents
Savings

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Home Loan Insurance from NBFCs

Almost all NBFCs (Non Banking Financial Companies) insist on insurance cover on the property mortgaged for a home loan, to deal with unforeseen calamities (fire, earthquake, floods, etc.). In fact, borrowers who avail a home loan against property mortgaged to the NBFC should also go in for life

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Bank with Care

Even if you have deposited cash with your bank in the prescribed format, with a valid counter-foil, there can be a freak chance that the money may not appear in your account. Therefore it is important to keep one’s guard up with every

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Insuring against Tsunami

In the wake of the recent tsunami that hit Japan and the 2004 tsunami that devastated the coastal areas of India, a question has arisen- if an insurance coverage is available in India? However, in India tsunami’s has been reported as far back as

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Hallmarking of Gold

Hallmarking of GoldWhy You Must Look for It
Gold is a precious metal held dear across the world. It is a wonderful ornament to wear as well as a hedge against inflation and falling markets. Gold can also be liquidated easily. However, it is

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Operational Guidelines: How to use a Travel Card

Travel cards give you freedom from carrying cash on an international trip, however there are some operational guidelines of how to use a travel card. What all dos and don’ts to follow on a foreign land so that the memories that are carried back

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Travel Cards: All FAQs answered

Consumer VOICE experts compared 8 travel cards on basis of cross country transactions, issuance fee and other parameters to list the best travel card.

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FEMA Act 1999 or Foreign Exchange Management Act, 1999 (FEMA)

The Foreign Exchange Management Act, 1999 popularly known as FEMA Act 1999, is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of

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Credit Card Features

There are various types of credit cards when you apply for credit card and you are offered one based on your needs and repayment power. Before submitting your credit card application, understanding the credit card features will not only help you choose the best credit card but also enable you to

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Types of Credit Card Frauds

If you are a credit card owner there is a chance that you may be subject to credit card frauds like thousands of others around the world. Use of credit cards around the world has increased over the years. Online payments and electronic transfers

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Credit card tips for smart users

A credit card offers unlimited financial freedom. But as all freedom, a credit card too comes with its own set of responsibilities. If used responsibly, a credit card can be a very effective financial tool. Whether you are a first timer or not, people

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Things credit card companies do not want you to know

You and your credit card are inseparable. Right from paying for your groceries, to your child’s school fees or for your movie tickets or flight bookings, credit cards are no longer a status symbol but a necessity. As a result we have enslaved ourselves

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Recovery of Guarantor Loans

Have you ever opted for guarantor loan? Do you think your friends and family will stand by you if you go for a guarantor loan? Well they probably would have refused a few years back but now becoming a loan guarantor is safe and secured. Taking guarantor personal

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The Impact of GST on your Restaurant Bill

The Goods and Services Tax (GST) is set to make a difference to the taxes on your restaurant bills. The next time you eat in a restaurant, your bill will be different-it already is actually. This is how.
As per the system of taxation before GST, the

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Understanding ETFS or Exchange-Traded Funds

ETFs or Exchange-traded funds were once described as the new kid on the investment block, but today they are competing neck-to-neck with traditional mutual funds, literally giving them a run for their money. Both ETFs and mutual funds are viable choices for investors. However,

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SBI asked to return land papers by Ernakulam forum

The Kerala State Consumer Forum has upheld the district consumer forum’s order directing State Bank of India to return the land documents of a Muvattupuzha native as the consumer had already repaid the whole loan amount. As per the complaint of Thomas, he took a Rs 4 lakh

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RBI Banking Ombudsman: Your go-to point for disputes concerning banking services

As part of its grievance redressal mechanism for hearing consumer complaints relating to certain banking services, the Reserve Bank of India (RBI) launched the Banking Ombudsman Scheme in 1995. With effect from 2006, it was brought under Banking Regulation Act, 1949, by government notification and

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Goods and Services Tax (GST) Benefits and Features

What is Goods and Services Tax (GST)?
The goods and services tax (GST) is a single rate of indirect tax applied in India. It subsumes all the central and state indirect taxes presently levied – including state VAT, local sales tax, octroi, entry tax,

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Goods and Service Tax, GST Rates and GST Slabs List

GST Rates and Slabs
GST rates and slabs are often revised by the Indian government. They were last revised in July 2018. A few GST rates and slabs that were revised at any point of time are mentioned right here.
 
No GST Goods
Some of the

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Pradhan Mantri Pension Yojna (Pradhan Mantri Vaya Vandana Yojana)

Pradhan Mantri Vaya Vandana Yojana or popularly known as Pradhan Mantri Pension Yojana or  Prime Minister Pension Scheme  is a government-subsidised pension scheme for senior citizens.. It addresses  the long-standing concerns of senior citizens (varisht nagarik) who want a pension plan where their savings are protected and maximum

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Difference between Atal Pension Yojna, Pradhan Mantri Pension Yojna and National Pension Scheme

Atal Pension Yojana
(launched on 1 June 2015)
(open for all workers in the unorganised sector; subscribers of Swavalamban scheme can migrate to APY)
PMVVY
(launched on 4 May 2017)
(Government-subsidised pension scheme)
National Pension Scheme
(Launched on 1

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Stages of Cancer: Claims and Payouts in case of Cancer Insurance Plan

Some facts for you to ponder:

  There are over 100 types of cancers which can affect human beings.
  Any part of a body can be affected at any time and without any warning signals.
  The incidence of cancer is

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Buying Guide to buy the Best Cancer Insurance Plans

Comprehensive Buying Guide by Consumer VOICE experts to help you finalize Cancer Insurance Plans
Q1.  Why  buy a  cancer insurance  policy in the first place?
The following factors may have a role:

The existing health insurance cover by way of a critical illness plan

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All you need to know about Infrastructure Mutual Funds (MF) Investments

Infrastructure mutual funds are mutual funds that invest in the infrastructure sector or its ancillary companies that own, manufacture and operate infrastructure assets or infrastructure projects. Infrastructure is said to be the tangible aspects such as roads, railways, transportation, electricity and so on which

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Types of Mutual Fund Investments

A mutual fund is an investment where it pools the money of several investors and invests this in stocks, bonds, money market instruments and other types of securities. It’s an ideal investment vehicle for regular investors who do not understand much about investing. Investors

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All you need to know about LPG Insurance Cover and Cooking Gas Accidents

The number of reported cooking gas accidents increased from 33 in 2013-14 to 68 in 2014-15  (April 2014 to January 2015). The fatalities due to such accidents shot up from 23 to 37 during the same period, while the number of injured persons increased from 56 to 159.

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HANDY TIPS FOR BIKE INSURANCE CLAIM OR TWO WHEELER

This article will breakdown everything you need to know about two wheeler insurances. It will make the consumer understand all aspects; from tips, suggestions to what is included and excluded under the insurance cover.
Motor Vehicles( MV) Act : this act mandates that all

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Railways ordered to pay Rs 10,000 to passengers

A district consumer forum in Hyderabad has directed the South Central Railway (SCR) to pay Rs 10,000 as compensation to a couple for causing discomfort and inconvenience during their train journey. KK Durga Prasad
and his wife Harika were travelling from Secunderabad to Bellampallay on an AC coach

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Education not commodity, student not consumer: Consumer forum

A youth’s plea against an institute for allegedly not providing him with an internship or job as promised at the time of admission has been rejected by Delhi District Consumer Disputes Redressal Forum (West), which observed that “education is not a commodity”.
The complainant, a Noida resident, was

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Railways ordered to pay Rs 68 lakh to man for permanent disability

The National Consumer Disputes Redressal Commission has directed Western Railway to pay a compensation of over Rs 68 lakh to a man who suffered 100 per cent disability in a freak accident at a railway station in Maharashtra, apart from bearing his entire medical expenses. The apex consumer

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Railways asked to pay up for lost luggage

The Dehradun district consumer disputes redressal forum has asked the Railways to compensate a Dehradun-based passenger for his stolen luggage, stating that the loss was caused due to the “negligence” of railway
officials.
The consumer forum rejected the Railways’ contention that under Section 100 of Indian Railways Act

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Doctor asked to compensate for damaging patient’s eye

Seven years after he lost his eyesight to a cataract surgery gone wrong, Ramesh Dedhia, a resident of Borivli in Mumbai, will get Rs 5 lakh from the eye specialist and the hospital for negligence. Dedhia won the award for the medical negligence perpetrated by Dr Hitesh Chheda

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Hospital ordered to pay 1.5 lakh compensation to woman for deficiency in service

The district consumer court in Thiruvarur, Tamil Nadu, has ordered the district government maternity and children’s hospital to pay a compensation of Rs 1.5 lakh to a woman who became pregnant despite undergoing sterilisation surgery at the hospital in 2007.
The forum in its order said, “The petitioner

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