Some insurers had extended the entry age limit up to 100 years. However, thanks to a recent circular from the Insurance Regulatory and Development Authority of India (IRDAI), all insurers are now obligated to consider applicants over 65. This change ensures that seniors have an opportunity to access health coverage, regardless of their age.

A Cibil score of an individual tells about his past credit behaviour. It reveals whether they have been regular in their repayments or if they have been serial offenders. Based on the Cibil score, the lender decides the terms and conditions of the credit facility.

As per Association of Mutual Funds in India (AMFI) data, the top large-cap mutual fund in the three years is Nippon India Large Cap Fund, the top flexi cap is JM Flexi Cap, and Quant ELSS Tax Saver Fund tops the chart in the ELSS category.

Retirement Planning:If you are planning for your retirement and want to get pension every month, then it is important for you to invest in those schemes which give good returns.Here are five schemes that offer a reliable monthly pension, ensuring you do not have to depend on anyone in your later years.

According to the company, Fin One integrates engagement and entertainment to enable young Indians to make informed financial decisions and create dependable investing practices.

Investors can increase and decrease the SIP amount and can also stop it whenever they want. The minimum investment in some mutual funds is as low as Rs 100. The majority of mutual funds offer a minimum SIP investment of Rs 500.

According to the new rule, even without linking Aadhaar and PAN, an investor can get their KYC done with OVD i.e. officially valid documents like Aadhaar, PAN, Voter ID, passport and driving license. The KYC status of such an investor will be KYC-registered.

SBI FD rate hike news:The country's biggest lender State Bank of India (SBI) has hiked fixed deposit rate on select short-term maturity up to 75 basis points, a move likely to be followed by other lenders.

The benefit of contributing to an EPF is that it falls under the Exempt-exempt-exempt (E-E-E) category, where deposits made up to Rs 1.50 lakh in a financial year, the interest earned, and the maturity amount are tax-free. The lock-in period in the EPF scheme is 60 years, and one can withdraw funds under certain conditions.

The Insurance Regulatory and Development Authority of India (IRDAI) has recently made a significant change concerning health insurance policies in India. Now, health insurance policies will be available to all regardless of the age factor.

For State Bank of India (SBI) FDs of 211 days to less than 1 year, the new rate for general public has been increased from 6 per cent to 6.25 per cent, while senior citizens will get an interest rate of 6.75 per cent instead of 6.50 per cent in the same category.

Raj Khosla, Founder & MD, MyMoneyMantra.com says having a zero credit means you have never borrowed money from any financial institution. Without a credit history, lenders have no way to get an idea about your creditworthiness. This can make it difficult to get approved for loans or credit cards.

EPFO latest news, EPF retirement scheme: Retirement fund bodyEPFO has extended its quicker auto-mode system to cover advance claims for expenses on education, marriage and housing as well in order to facilitate ease of living for its members, according to an official statement. Provident fund body EPFO has more than six croresubscribers.

In his Lok Sabha Elections 2024 affidavit available on the Election Commission of India (ECI) website, he declared that he has invested Rs 9,12,338 in the National Savings Certificate (NSC) scheme, which is a prominent post office scheme. Apart from that, he also declared investments worth Rs 2,85,60,338 in fixed deposits (FDs) at State Bank of India (SBI).

EPF Online Transfer Process: Earlier, people were afraid of doing EPF moneytransfers due to manual paperwork and long waits, but now with the advent of technology, transferring an existing PF account to a new account has become more convenient than ever.

When we want to buy a health insurance policy for senior citizens,some of the questions that arise are: What should be the waiting period? Should it include a no-claim bonus? Should there be a co-pay option? Will it have specific coverage and inclusion?

Select mutual fund categoriesthat offer a higher return when compared to traditional investment avenues can be a better option for building an emergency fund corpus in a shorter timeframe.

Parag Rao, Country Head, Payments, Consumer Finance, Digital Banking, and Technology, HDFC Bank Limited, told Zee Business that the digital credit card, known as Pixel credit card, will be operated through the app and it has been launched to attract youth.

One of the long-term investments can be mutual funds. Youngsters seeking a sizeable corpus at retirement can invest in equity funds or focused funds such as retirement mutual funds. They can also choose the systematic investment plan (SIP) method to invest in mutual funds. Given that Nifty 50 has jumped by more than 14 per cent in the last decade, one can expect a 12 per cent XIRR (SIP returns) in a mutual fund in the long run.

Top 5ELSS Mutual Funds in India:Equity Linked Saving Scheme (ELSS), a type of equity mutual funds come with a three-year lock-in period. ELSS mutual funds give tax relaxation on deposits up to Rs 1.50 lakh a financial year under Section 80C of the Income Tax Act.

A Systematic Withdrawal Plan (SWP) is opposite to Systematic Investment Plan (SIP), where one gets a fixed monthly income after making a lump sum investment. An SWP mutual fund provides compound growth and rupee cost averaging to its investors.

Besides, you can choose to just withdraw gains from the portfolio and keep their capital invested. Depending on the amount chosen, units will be sold from a portfolio and the funds transferred to your account.

Mutual Fund SIP: Mutual fund (MF) gross inflows via SIP surpassed Rs 20,000 crore for the first time in a calendar month, with investors opening a record 6.4 million SIP accounts despite a jump in market volatility. Last month's (April's) account openings were about 50 per cent higher than March's registrations.

Mutual Fund SIP: Mutual fund (MF) gross inflows via SIP surpassed Rs 20,000 crore for the first time in a calendar month, with investors opening a record 6.4 million SIP accounts despite a jump in market volatility. Last month's (April's) account openings were about 50 per cent higher than March's registrations.