Sanjay Kumar Singh and Karthik Jerome discuss the recent removal of the age limit for purchasing health insurance in India, providing insights into how this change will affect individuals. They delve into the broader issues surrounding health insurance for senior citizens, offering advice on how to navigate and overcome barriers in securing coverage, especially for retirees and older adults who often face challenges in obtaining adequate insurance.
In the world of investment, there are different strategies employed by debt funds to achieve higher returns. Some funds take on duration risk by investing in longer-duration bonds, while others opt for credit risk by investing in lower-rated papers that offer higher yields. If you are considering a fund that falls into the credit risk category, you might want to refer to Morningstar’s review of the Kotak Credit Risk Fund to make informed investment decisions based on expert analysis and insights.
For retired individuals seeking financial security and stable income streams, annuities are highlighted as a valuable option that provides lifelong payouts. Policybazaar.com offers a resourceful table on guaranteed pension plans, assisting those interested in exploring this financial product to make informed decisions tailored to their retirement needs and goals.
In recent financial data, it was reported that online spending via credit cards in India reached a new milestone of Rs 1.04 trillion in March, surpassing the Rs 1 trillion mark for the first time and reflecting a significant increase in online transactions using credit cards. The number of credit cards issued in the country also reached a record high, with 102 million cards in circulation, prompting reminders for users to exercise caution in managing their credit card balances to avoid high interest rates and potential negative impacts on credit scores. Financial institutions now offer options for converting outstanding dues into manageable equated monthly instalments (EMIs), but users are advised to maintain a balance with their monthly EMI commitments to ensure financial stability and avoid overburdening themselves financially.