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What is an unsecured loan?
An unsecured loan is a loan that is not backed by collateral or security. These loans are based solely upon the borrower’s credit rating. As a result, they are often much more difficult to get than a secured loan, which also factors in the borrower’s income. An unsecured loan carries less [...]

IRDA has put a cap on charges assosiated with unit linked insurance plan which use to consume a large amount of the insurance premium.
Investor stand to benefit as reduction in expenses mean higher available corpus for investment. Here is an illustration which quantifies the benefit.
Old Method
Arun, 29 years, has bought an ULIP with tenure of [...]

Insurance, a product that covers life of the policy holder, is an essential investment for any working individual having dependents, because of the monetary support it provides to the family of the policyholder, in the eventuality of death. In order to encourage individuals to include this product in their financial plan, the government provides tax [...]

Getting a credit card is not all; one also needs to be well versed with its working so as not to get hit financially. Among all, dealings with the fees and charges present on the card require more attention. Every cardholder wants to ensure that he/she pays minimum amount when it comes to the fees [...]

We might have become accustomed to using a credit card, but the same cannot be said about reading our card statement. We still feel stumped about certain terms or part or information in the statement. A credit card statement presents the summary of various expenses and payments made on a card in a month. Thus [...]