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Individuals under 40 lead in availing digital loans: FACE report
The amount of loan disbursed saw a 21% Y-o-Y jump from Rs 76,396 crores in FY 21-22 to Rs 92,267 crores in FY 22-23. And not just the amount, the number of loans disbursed also significantly went up from 4.77 crores in FY 21-22 to 7.10 crores in FY 22-23.
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E-commerce platforms expected to log high sales during festive season
Fueling an estimated 18-20% growth in the demand and sales this season will be about 14 crore shoppers who are expected to shop at least once in the months to come.
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All you need to know about restoration benefit in your health insurance
If you think of your health policy as a glass of water, the restoration benefit is the jar which refills it when it's empty. Just as the name suggests, a restoration benefit allows you to fully reinstate the basic sum insured of your policy after it's exhausted. Depending on your insurer, the full policy sum insured might be restored only once you have used the entire amount.
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SEBI has new plans for REITs, InVITs unitholders
You can begin investing in both these instruments with the minimum amount ranging between Rs 10,000 and Rs 15,000. Currently, Indian markets have 5 registered REITs and 20 InVITs.
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India not insured, but aware enough
While purchasing an insurance policy, its flexibility in terms of premium payment and cover (32%) made up for the single biggest deciding factor. Simple documentation (16%) was the next biggest factor.
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Debt funds continue to lose investors. Time for you to leave?
Most of the funds which have witnessed major outflows are those which have a tenure of less than one year, like liquid, ultra short, low duration and the like. In keeping with this, liquid funds saw outflows worth Rs 26,823 crores, while ultra-short duration funds saw exits worth Rs 4,123 crores.
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Big relief for borrowers with loan against properties
Additionally, any charges levied and recorded with any registry on such properties should also be removed within this time frame.
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Gold regains its sheen, ETF sees record inflows in August : AMFI data
The demand for gold ETFs resurrected sharply since last month, when gold ETFs managed Rs 456.15 crores worth of inflows.
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New SIP figure hits record high, small caps shine: AMFI
Both mid and small cap categories continued to witness robust growth, despite prevalent concerns around their valuations. While small-cap funds garnered Rs 4,264.82 crore last month, mid cap funds saw inflows worth Rs 2,512 crore.
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To have or not to have: Fighting cancer with special insurance
While many insurers offer cancer-specific insurance policies, others subsume cancer treatment under the critical illness cover. As per data, the median age in India when cancer is generally detected is between 50-60 years.
