Money Matters: Here’s what we discussed today

On Money Matters, we bring top personal finance stories that will directly impact your wallet. Be it stories related to employment, escalating debt, dealing with unexpected expenses, insurance, market updates, etc., we try to cover it all for you.

Stories today:

1.Retirement: Take a look at these popular schemes

Retirement is a sensitive subject from an emotional point of view. From the financial point of view, it might be even more sensitive.

Senior citizens of the country are facing hard times due to declining interest rates, as they mostly depend on bank fixed deposits for regular income. For those who are looking for other options to invest their funds for the long term, pension plans could be a good idea.

It is expected that in the long run, inflation will fall and so will interest rates.

2. Does pet insurance cover third parties from dog bite?

The incidents of pet dog biting or chasing children or senior citizens on the road or in the locality are becoming common in urban neighborhoods. Grievous injuries are being caused due to mauling and even deaths are being reported from all parts of the country. Though the pet owners get their pets trained and take utmost care to ensure the pet is not a threat to anyone, but unintentional accidents can happen at any time. Swatantra Jha Pet Insurance Specialist at Ria Insurance Brokers answers the following query on Money9 Helpline:

I have two German Shepherds at my home. Though they are well trained and I take utmost care of them, I want to know whether pet insurance covers dog bites?

– Paras from UP.