Why you should avoid most add-ons, optional features of term insurance plans

THE ECONOMIC TIMES Tue, Jun 13, 2017 | 06:33 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA, #sukanya samriddhi yojana calculator, #income tax,#tax filing,#critical illness,#taking a personal loan,#tax saving

Why you should avoid most add-ons, optional features of term insurance plans Insurance companies have added several new features in their term plans. While some benefit buyers, most of these additions are avoidable. Now you can pay rent using your credit card A London-based company RedGirraffe's fintech platform, RentPay, allows you to pay rent through credit cards of select Indian banks. Here's how it works. Financial tasks that you need to do right away From July 1, it will be mandatory to link your Aadhaar card to your bank account, PAN and mobile number. Here are some financial tasks that you need to do now. From our Partners Aditya Birla Health Insurance – Seeing The Big Picture A thoughtfully created product from the trusted Aditya Birla Group, Aditya Birla Health Insurance goes a step ahead to offer "Health Assurance." From our Partners All you must know about GST Join experts as they discuss the essentials of GST in Bangalore Flight cancelled, delayed or denied boarding? Here's the compensation you can claim Here are your rights about what you should do if you're denied boarding, or if your flight gets delayed or cancelled while travelling. Why you should hold on to long duration bonds, mutual funds Though the Reserve Bank of India left key policy rates unchanged in its latest meet, a rate cut in August is a real possibility. Why infrastructure mutual funds are a good bet for long term investors now Long-term investors may gain from the likely rise in infrastructure companies' earnings on account of government spending. What kind of resume gets you shortlisted for an interview? Here are the inputs from 690 recruiters and hiring managers that reveal the skills and experience you need to grab the attention and bag the job. From our Partners We create 100% indigenous power solutions: Yoshiaki Inayama, Toshiba Electricity is one of the basic constituents for the economic growth of a country and as you said there are various initiatives taken in the country in the past few years to improve the power situation. From our Partners Why you must buy Samsung QLED TV? Why you must buy Samsung QLED TV?

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

Comparing life cover with mutual funds is not correct: Anuj Mathur, Canara HSBC OBC Life Insurance "A product offering life insurance with a guaranteed return of 5% over 20-25 years is a decent deal," Anuj Mathur CEO, Canara HSBC OBC Life Insurance How to choose a term insurance plan Costs alone should not be the criterion when choosing a term plan. Keep these factors in mind when you go shopping for a life insurance policy. Is 'buy and hold' the right rule for equity investments? Buy and hold sounds easy to execute. It is a form of passive investing where one has to waits for his investments to grow. Which papers should you throw and which should you keep? Find out which documents you should retain forever and the ones you can discard after a few years. How to organise your bills, receipts, important papers systematically This summer force yourself to take out a few hours from your busy life and de-clutter your desk or cupboard. Here's how you can get started. SBI Bluechip Fund: Among the best large-cap mutual funds With a 10-year return of 11.4%, the fund has outperformed both the benchmark (8.86%) and the category average (10.01%). Why direct plans of mutual funds may not suit all types of investors All funds come in two variants— regular and direct— which are technically separate funds but manage your money identically. 11 ways iOS11 is better than previous version ET Wealth familiarises you with some interesting new features of the next version of Apple's operating system for the iPhone and iPad, iOS 11. Research well and book on time to save while travelling: Arpit Pant, Preferred Hotels & Resorts "Choose the flights, accommodation and transport depending on the destination and experience you seek while making your travel plans." Residential housing launches decline due to RERA Launches in the residential sector are expected to remain restricted over the next 2 to 3 quarters as developers will be making changes to comply with RERA norms. Stock pick of the week: Why analysts expect KNR Constructions' high growth to continue Industry-beating growth, strong fundamentals, huge opportunity in the roads sector and reasonable valuations have made KNR analysts' top pick. MF Portfolio Doctor: Why Avinash should reduce the number of funds he has invested in How is your mutual fund portfolio doing? Not many investors are able to answer this. This section will provide the answer. As you near old age, plan how to divide your wealth between retirement, charity and legacies A large group of investors who have saved enough to last their retirement are wondering how to best redistribute their wealth among their children and themselves. What to do if you lose credit or debit card An FIR must be lodged at the nearest police station if you lose your card. A copy of the FIR can be given to the bank when reporting the loss. Family Finance: Mumbai-based Tewari will have to stagger his goals in line with available surplus Mumbai based salaried, Abhishek Tewari, 27, has goals to save for his wedding, taking a vacation, buying a house and saving for retirement. 5 smart things to know about Strategic Asset Allocation SAA involves detailed assessment of an investor's goals and their preferences toward risk through discussions and questionnaires. How startup Banka Silk is empowering weavers and artisans from Bihar The identity of artisans was created in the name of Banka Silk to provide them recognition across national and global platforms. Alternative investment returns monitor: For the week ending June 7, 2017 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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News Digest: Hizbul module busted, four held in J&K

		THE TIMES OF INDIA
		Tuesday, June 13, 2017
		Today's Headlines

		India
		Hizbul module busted, four held in J&K J&K police and Army busted a Hizbul Mujahideen module, and arrested four people, including two terrorists, from Handwara in north Kashmir and two over ground workers from south Kashmir Awantipora town on Monday ,a police spokesman said. Private sector makes a switch, leads govt's Smart City push Gaurav Mishra returned to his home city Raipur after spending over six years working for top corporates in Singapore, to take up the job of chief operating officer (COO) for the Smart City project. In God's own country, an incredible artificial lake More India News»

		Business
		Now, get daily fuel prices on a phone app India’s largest fuel retailer IndianOil said that consumers would be able to see updated prices of petrol and diesel in all cities through the company’s mobile app — Fuel@IOC — once the daily price revision kicks in from Friday. Amid layoffs, IT companies hired record 24% more in May The IT services industry may be laying off many, but it remains the most aggressive hirer. In May, while overall talent demand grew by 4%, IT/BPO recorded a whopping 24% rise in demand compared to April, according to a study by TimesJobs, the jobs search and recruitment platform. RBI nearly done with listing loans for resolution through bankruptcy: Arun Jaitley Reserve Bank of India (RBI) is at an advanced stage of preparing a list of bad loans where resolution is required under the country's insolvency and bankruptcy rules, Finance Minister Arun Jaitley said on Monday. More Business News»

		Environment
		70% of Chinese companies fail air pollution checks More than 70% of companies checked by Chinese authorities failed environmental standards. State media reported during the latest round of air pollution inspections. The findings came after two months of inspections across 28 cities in smoggy Beijing-Tianjin-Hebei region and other nearby areas. New species of flying squirrel, a 'surprising' discovery Skin cure fad driving Myanmar elephant poaching surge: WWF Myanmar's wild elephants are being poached in record numbers with at least 20 killed this year due to surging demand for their hide, WWF said Monday, warning the species is facing a "crisis". More Environment News»

		World
		Islamic State calls for Ramzan attacks in US, Europe In an audiotape circulated online Monday, spokesman Abu al-Hassan al-Muhajer praised last week's attacks in Iran's capital, saying the country is ``weaker than a spider's web'' and calling for more assaults. Al-Muhajer also called for attacks in Russia and Australia, saying ``heaven is reached under the shadow of swords.'' Another US appeals court keeps Trump's travel ban blocked The judges say the president violated US immigration law by discriminating against people based on their nationality and that Trump failed to show their entry into the country would hurt American interests. Donald Trump: Different strokes More World News»

		Entertainment
		Ajay Devgn starrer 'Baadshaho' first poster 'Baadshaho' brings together the trio of Ajay Devgn, Emraan Hashmi and director Milan Luthria seven years after their last collaboration – ‘Once Upon a Time in Mumbaai’. 'Haseena: The Queen of Mumbai' new poster Shraddha Kapoor's forthcoming flick helmed by Apoorva Lakhia is setting the bar high with each poster release. Shraddha-Farhan to star together again? More Entertainment News»

		Science
		Three atomic clocks of desi GPS satellites stop working E-cigarettes may be as harmful as tobacco smoking: study Electronic-cigarettes containing nicotine are potentially as harmful as unfiltered tobacco smoking when it comes to causing DNA damage, a new study led by an Indian-origin scientist warns. Nasa Curiosity rover finds diverse minerals in Mars rocks Nasa's Curiosity rover has found a wide diversity of minerals in rock samples from Mars, which suggests that conditions changed in the water environments on the red planet over time. Layers of rocks at the base of Mount Sharp on Mars accumulated as sediment within ancient lakes around 3.5 billion years ago. More Science News»

		Sports
		CT: Pakistan beat Sri Lanka by 3 wickets to seal semis spot Skipper Sarfraz Ahmed (61) cracked a gritty unbeaten fifty as Pakistan survived some tense moments before notching up a thrilling three-wicket win over Sri Lanka in their must-win Group B match to enter the semifinals of the ICC Champions Trophy on Monday. Kumble will remain coach for West Indies tour: Vinod Rai Anil Kumble will remain India's coach for the tour of West Indies subject to his acceptance, Committee of Administrators (COA) chairman Vinod Rai said on Monday, insisting that only the Cricket Advisory Committee (CAC) will decide the next head coach. Heena, Jitu win ISSF World Cup mixed team 10m gold Ace shooters Jitu Rai and Heena Sidhu delivered India its first medal at the ISSF World Cup Rifle/Pistol series being held in Gabala, Azerbaijin by combining superbly to claim gold in the mixed team 10m air pistol event. More Sports News»

		Technology
		iBall Slide Elan 4G2 voice calling tablet launched at Rs 13,999 iBall has expanded its product portfolio with launch of a new tablet. Dubbed Slide Elan 4G2, the tablet is priced at Rs 13,999 and comes in Golden colour option. IT has 4G VoLTE support and supports voice-calling via Bluetooth headsets. Sony WS623 Walkman music player launched at Rs 8,990 Japanese consumer electronics giant Sony has launched its WS623 Walkman music player in India. Priced at Rs 8,990, the device will be available across all Sony Centers from June 15. Motorola expected to announce Moto Z2 Force, Moto X4 or Moto E4 Plus on June 21 Lenovo-owned Motorola is all set to launch a new smartphone in Brazil. The company has sent out media invites for a launch event scheduled for June 21, where it will likely unveil Moto Z2 Force, Moto X4 or Moto E4 Plus smartphones. The invite doesn’t hint anything at the smartphone that’ll be launched. More Technology News»

		Education
		All boards to move towards common curriculum, papers The HRD ministry has set up an inter-board working group (IBWG), comprising eight boards, to work out the details for stopping of mode ration and upward revision, or spiking, of marks. IBWG will deliberate regularly and work out a model for all boards to follow. South India spends most on higher education Education may be priceless, but the promise of a degree has seen parents across India foot large bills. On average, higher education accounts for 15.3% of the total household expenditure in rural and 18.4% in urban areas. In the south, the corresponding figures are 43% and 38%. NEET 2017: CBSE to upload OMR response sheets on June 13 The Central Board of Secondary Education (CBSE) on Monday issued the dates for display of images of OMR (Optical Mark Recognition) response sheets and the answer keys for the National Eligibility cum Entrance Test (UG) 2017. More Education News»

		Mumbai
		'Government may put ceiling on write-off amount' Rare feat: Engineer donates platelets 270 times in 11 years Maha's farm loan waiver may delay projects, 7th pay commission arrears More Mumbai News»

		Delhi
		JNU relents on dhaba timings Teacher chases down snatchers E-rickshaws to get legal charging points More Delhi News»

		Bangalore
		Bandh a no-show in busy Bengaluru; schools, colleges remain open Karnataka blamed for not cooperating in power grid expansion Union po wer minister Piyush Goyal blamed the state government for not cooperating with the Centre on expanding the southern grid's transmission network. Tax slab: Southern film industries may stall movie-making process With their demand for the lowest slab under Goods and Service Tax (GST) being met only partially, southern film industries have decided to intensify their battle. More Bangalore News»

		Hyderabad
		Cop cautions about drunken driving in short film "Beautiful Life" A glorious era of Telugu literature ends with Cingireddy Narayana Reddy IIT kiss of success from Hyderabad powerhouse With an all India rank of 17, Ashrut Vaddela was not only the Telan gana topper, but also stood second in South India in Joint Entrance Examination (Advanced). The top rank in South India was secured by Shafil Maheen N from Thalakkad in Kerala with him bagging all India rank 4. More Hyderabad News»

		Chennai
		Spot admission to fill leftover RTE quota seats soon To fill the leftover RTE quota seats across various schools in the state, the school education department will soon conduct an on-the-spot admission process. What derails a murder investigation Frequent transfers, crowd control and election duties are among the reasons why murder cases remain unsolved in Chennai, cases remain unsolved in Chennai, say police sources. In search of killers on the run, police to give old files relook On February 22 2014, a techie on her way back from work in Siruseri was raped and killed by three men. The CB CID took five days to crack the case and round up all the accused. More Chennai News»

		Ahmedabad
		Looking deep into bite mark patterns Monsoon officially enters Gujarat Three days before its usual date, the south-west monsoon has arrived in the state as it advanced into the South Gujarat region on Monday, meteorologists said. Gujarat high court denies bail to Bhajiawala Gujarat high court on Monday denied bail to Surat-based businessman Jignesh bhajiawala in a money laundering case, for allegedly illegally converting old currency notes into new ones post-demonetization last year. More Ahmedabad News»

		Allahabad
		Potato seller's sons, who cycled 40km for classes, make it to IIT The brothers used to cycle all the way from their village, Sevait in Soraon tehsil, around 40kms from the city to study for the joint entrance exams, while assisting their father at a mandi near their village. Unsung heroes of Allahabad who laid down their lives in freedom struggle Majority of people of the city know about the contributions of great martyrs like Chandra Shekhar Azad , Bhagat Singh, Sukhdev, Rajguru etc who had laid down their lives in the freedom struggle, but there are over 2000 unsung heroes from the Sangam city whose names were still confined to decades old documents. After being refused 'desired baksheesh', eunuchs create ruckus in wedding More Allahabad News»

		Bhubaneswar
		Child labour survey report to be ready by August Hardly any change in marks of 18 students following court order: CBSE Sudarsan Pattnaik to sit on dharna, protesting Puri beach pollution Expressing concern over the state government’s poor cleanliness measures at Puri beach, globally acclaimed sand artist Sudarsan Pattnaik on Monday said he would sit on dharna if the government does not wake up to the problem at the earliest. More Bhubaneswar News»

		Bhopal
		Madhya Pradesh farmers protest: 8 IAS officers including home secretary transferred The Madhya Pradesh government on Monday transferred eight IAS officers including home secretary Madhu Khare over alleged mismanagement during the violent farmers protest in the state. Khare has now been shifted as managing director of Madhya Pradesh khadi and gramodyog board. Hit hard by protests, Madhya Pradesh BJP in search for a farmer leader Rocked by farmers’ unrest, the ruling BJP is in search of an influential Kisan leader, who has the charisma to placate to agitating peasants so that rival political parties could not reap benefits from the issue during Assembly polls in 2018. Mandsaur firing: MP govt appoints single member commission More Bhopal News»

		Chandigarh
		Cop specialising in NDPS Act held, drugs, arms, ammunition and cash recovered Gang of drug peddlers busted, 4 held Jalandhar rural police have claimed to have busted an inter-state gang of drug peddlers after recovering 3 quintal and 23 kg of poppy husk from four persons. After 11 years, Panchkula boy 1st in JEE Sarvesh Mehtani from Panchkula has topped the IIT-JEE (advanced) in a feat achieved by a student from the Tricity after a gap of 11 years. More Chandigarh News»

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