Accident Insurance Policy

Accident Insurance Policy is another form of Health Insurance Policy which insures incase of Accidental Death and Dismemberment of the insured. The Policy benefits are paid to the beneficiary in case of death due to accident. Benefits are also provided according to terms and conditions of the policy in case of Total/Partial Disablement suffered in an accident by an insured individual. The Accident Insurance Policy is offered by Non Life Insurance Companies and is regulated as per the norms set…

LG Spirit: A Midrange Smartphone

LG recently launched their new Midrange smartphone for the Indian market and also in some other countries. The launch of the device was announced at the recently concluded Mobile World Congress (MWC). In the past I have observed that although LG do manufacture decent devices but they generally don’t sell that well in India compared to some of the other brands. The device is available on online e-tail stores for around Rs 13,400/- ($ 220 approx). The best thing about the…

Mediclaim (Cashless) Insurance

Mediclaim Insurance is a Health Insurance which covers your medical and hospitalization expenses incurred by you up to the limit of sum insured. The Insurance Company reimburses the payment made by you on submission of necessary documents or directly pays to the hospital (also known as Cashless facility). These Insurance policies are offered by Public as well as Private Sectors.The Mediclaim (Cashless) Insurance offered by non Life Insurance Companies is regulated by norms set by Insurance Regulatory Authority of India…

Xiaomi Redmi 2S: Impressive Budget 4G Smartphone

Xiaomi has recently launched the successor to their entry level smartphone. The Redmi 2S succeeds the Redmi 1S which was launched last year. The phone has got hardware upgrades and minor cosmetic changes when compared to its predecessor but nothing very significant. It is exclusively available on Flipkart and is being sold through Flash sale. Like most of the other Xiaomi devices this device too has been priced very competitively and is available for just Rs 6,999/- ($115 approx).Xiaomi Redmi…

Professional Tax For The Financial Year 2015-16

Professional tax is a tax levied by the various State Governments of India on salaried individuals, working in government or non-government entities, or in practice of any profession, including Chartered Accountants, Doctors, Lawyers etc or carry out some form of business. This form of tax is in practice for a long time and States were conferred the power of leveling the Tax under Clause (2) of Article 276. The rate at which Professional tax is charged is based on the…

Moto E2 (3G) Budget Smartphone: My Views

Motorola recently launched their Budget end device MotoE2 (3G) in India. The phone has been priced at Rs 6,999/- ($115) and is available online exclusively through Flipkart. I will not compare it with any of the devices that are available in the same price band right now as most of them are 4G compatible and are manufactured by Chinese manufacturers or Indian resellers selling rebranded phones.The specifications on this phone are pretty mediocre but still it comes from a reputed…

Inflation Continues to be Negative in February: WPI INFLATION at (-)2.06%

Wholesale Price Index (WPI) for the month of February, 2015 fell to its lowest at        (-)2.06% as compared to (-)0.39% in the previous month. It is lowest inflation level recorded in almost a decade. December WPI also got revised to (-)0.5 from 0.11%. The food inflation fell marginally to 7.74% as compared to 8% in the previous month. The fuel and power segment was the biggest contributor to the fall in wholesale prices. In this category, price declined…

Benefits, Drawbacks And Returns: Sukanya Samridhi Scheme (SSS)

Last week I had posted about the features and other details of Sukanya Samridhi Scheme (SSS) initiative started by the Government recently. The Scheme offers one of the highest returns on Investment among all Savings Schemes offered by Government of India. You can follow the link given below to read the details and features of the Scheme. I suggest you read it before going through this post to have a better understanding.   SUKANYA SAMRIDHI ACCOUNT SCHEME (YOJANA)   In…

Sukanya Samriddhi Yojana (Scheme)

Sukanya Samridhi Scheme (Yojana) is a deposit/investment scheme for Girl Child. It is a Government initiative started vide notification dated 02.12.2014 under the Beti Padhao Beti Bachao (Save and Educate Girl Child) campaign keeping in mind the welfare and educational needs of a girl child. The Scheme encourages the Parents/Guardian to make investment for their daughters so that they could support their Higher Education or even Marriage in the future. Government has amended the maturity and withdrawal norms via a…

Senior Citizen Savings Scheme (SCSS)

Senior Citizen Savings Scheme (SCSS) was introduced in the year 2004 for the benefit of the elderly individuals. The interest rate on the investment is higher as compared to the interest paid by the banks on Fixed Deposits. But unlike Fixed Deposits, SCSS is eligible for Tax Deduction U/S 80C on Investment up to Rs 1,50,000/-.   SCSS Account can be opened in Post Offices or any designated branch of 24 Nationalised Bank and One Private Bank (ICICI Bank).   In…