I remember this one Sunday afternoon, sifting through my father’s old metal trunk. You know the kind – heavy, grey, and smelling faintly of mothballs and history. Tucked between yellowed property papers and his university degree was a sheaf of documents from the Life Insurance Corporation of India. A jumble of premium receipts, bonus statements,…
Bank Holiday July 17: Are Banks Actually Closed for U Tirot Singh’s Death Anniversary? The coffee isn’t even working yet. It’s morning, my to-do list is a mile long, and the top item, circled in red, is ‘DEPOSIT CLIENT CHEQUE.’ It’s the big one, the one that keeps the lights on this month. I grab…
The Handshake You Didn’t See Coming: Why a Quiet Nod from London Matters to a Factory Owner in Pune Let’s be honest. Most headlines in the financial world are… dry. Drier than a forgotten papadum in the back of the cupboard. “Company X acquires Company Y.” “Regulator approves Z.” You see them, your eyes glaze…
In recent years, the U.S. insurance industry has seen a surge in rebranding efforts from both well-established and newer companies. Whether through full-scale redesigns or subtle updates to logos and slogans, these changes are more than cosmetic — they are strategic moves addressing broader challenges and opportunities in an evolving market. A Protection Business expert…
Fixed deposits are among the most traditional and secure investment options offered by banks. With higher interest rates than current or savings accounts, fixed deposits provide a consistent income stream for investors, making them an essential part of a diversified portfolio. Why Invest in Fixed Deposits? Here are some top reasons for choosing fixed deposits:…
Benefits and Drawbacks of Life Insurance The primary benefit of life insurance is that it provides financial protection for your loved ones in the event of your death. While it may be more affordable than you think, the main drawback of life insurance is its cost Important Lessons Learned For most individuals, the primary…
Life Insurance: A Vital Step in Securing Your Family’s Financial Future One of the best ways to manage life’s uncertainties and protect your loved ones is by purchasing life insurance. It plays a crucial role in ensuring your family’s financial stability, especially in the event of your absence. According to Forbes Advisor India, obtaining life…
Obligations: Upon purchasing a policy: Complete the Proposal Form: Ensure the form is filled out accurately and completely as it forms the basis of your insurance agreement. Avoid Blank Sections: Never sign a proposal form that is left blank or incomplete. Fill in all required details. Provide All Relevant Information: Since your signature on the…
While we can’t always stop the unexpected from happening, there are instances when we can shield our families and ourselves from the worst financial consequences. The proper kind and quantity of insurance depends on your unique circumstances, including children, age, way of life, and job advantages. Most financial experts advise having life, health, car, and…
The Challenge of Bank Reserves and Lending Banks are required to maintain reserves in proportion to their deposits, which limits the amount they can lend out. However, since deposits and loans are created simultaneously, it’s difficult to pinpoint exactly how much a bank can lend while staying in compliance with reserve requirements. This creates a…
