BFSI News
14 FOLLOWERS
Welcome to BFSI News, your number one source for all things related to BFSI Industry as well Govt Policies and Programs. We're dedicated to giving you the very best of our knowledge, with a focus on information that matters to common citizens of India, information on government of India and state government policies as well as updates in BFSI industry.
BFSI News
2y ago
Senior citizens are most susceptible to illnesses and their ensuing costs. Retired individuals face failing health and financial constraints. It is essential to get them treated without causing a financial burden. Aging is a challenging phase and requires financial and moral support from family members.
Buying Health Insurance for senior citizens was almost impossible earlier as companies enabled renewal only if you have been a policyholder without a break. However, the Insurance Regulatory and Development Authority of India has instructed companies to set 65 as the highest age for entry. It r ..read more
BFSI News
2y ago
Credit limit increases can be confusing enough. If you have used your credit cards wisely, you may earn an additional credit card limit, or you might have exhausted your current credit limit and want to request more.
But the question is–does an increased credit limit affect your credit score?
How can you qualify for an increased credit limit?
Let’s analyze how your credit score suffers a change when you apply for increased credit.
Does requesting a credit increase affect your credit score?
As long as you keep your spending minimal and keep making timely payments, your credit limit won’t ..read more
BFSI News
2y ago
Credit card – The new-age digital payment tool
Credit cards have become an inseparable part of our lives, as they are user-friendly financial tools providing hassle-free payback options. The joining bonuses, interest-free transactions, cashback offers and incredible festival bonanza offers make credit cards the most preferred financial product in today’s age of digital transformation.
The overall credit card circulation in India has outstretched to over 64 million in 2021 in comparison to 57.3 million last year. When we talk about the best credit cards, the Bajaj Finserv RBL Bank SuperCa ..read more
BFSI News
2y ago
Max Life Insurance (Max Life) is a renowned private life insurance company, which is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. While Max Financial Services Ltd. is a part of the eminent Max Group of India, the Mitsui Sumitomo Insurance is a member of MS&AD; Insurance Group, one of the world’s leading general insurers. Backed by an extensive experience of 15 years of helping Indian customers to achieve their financial goals and protect themselves against contingencies, Max Life comes across as a financially stable and trusted company. With a ..read more
BFSI News
2y ago
For most of your adult life, you’ve had the protection of life insurance to help safeguard you and your family. But as your life evolves, your family’s needs and financial goals will inevitably change, too. With every transition and milestone, you should take the time to revisit your life insurance policy to make sure you have the coverage you need. Here are some key reasons to take a second look at your life insurance.
1. It’s time for your annual review.
Each year, you need an annual health checkup with your doctor to make sure all is well. The same thinking applies to your life insura ..read more
BFSI News
2y ago
SBI Life Insurance company is a joint venture between one of the largest banks in the country, State Bank of India and BNP Paribas Cardif. While SBI holds 70.1% stake, BNP Paribas Cardif’s share is 26%. The remaining share is divided between Value Line Pte. Ltd. And MacRitchie Investments Pte. Ltd. equally at 1.95% each. This joint venture has excelled in providing insurance and investment solutions all across the country and presents multiple products in categories such as life insurance, pension, child plans, investments and savings. The sheer variety at disposal combined with ext ..read more
BFSI News
2y ago
Introduction
Trading refers to the purchase, sale, or issuance of shares of publicly held companies through the stock exchange. Traditionally, stock trading used to take place physically in the stock market on the floor of the stock exchange but with digitization, online trading has gained popularity.
Online Trading is a fairly new concept vis-a-vis the traditional method of stock trading where verbal communication and sign language was used by the buyers and the sellers to trade physically. Online stock trading has eliminated the physical presence of the trader and has given ..read more
BFSI News
2y ago
Man by nature as a creature of self-preservation. He has evolved by putting one’s needs above others and thus survived as the fittest as well as supreme species. If these characteristics are looked at in the modern scenario, even today, individuals look to secure their lives.
They strive for good clothes, a nice house and palatable food. But the resource that provides each one of these, is the one that people actually work for- Money. To grow the quantity of money, one can either be in the rat-race of always getting higher incomes or just manage one’s existing sources effectively.  ..read more
BFSI News
2y ago
People leave the nation for a variety of reasons, including education, employment, and so on. Even when you are living overseas, unexpected financial expenditures emerge. If you are just visiting another nation for a short time, it may be difficult to get loans in that nation to meet your immediate financial demands. Personal loans offered to non-resident Indians might assist you in covering your immediate personal costs in this situation.
Why do non-resident Indians need a personal loan?
Loan money can be used in many different forms of expenses, such as repayment of a current loan and acquis ..read more
BFSI News
2y ago
Pradhan Mantri Awas Yojana is a government scheme launched with the primary aim to make affordable housing available for the economically weaker section of the Indian population. This scheme was launched in June 2015 with an objective to extend ‘housing for all’ by 2022. Concerning this, the government has put together a PM Awas Yojana list, which includes the names of the applicants selected under this scheme.
This list details the list of beneficiaries chosen under the two components of the scheme – PMAY rural and PMAY urban. It is crucial to check eligibility and know in-depth about t ..read more