A 64-year-old Juhu resident falls victim to a sophisticated digital arrest scam claiming a fake terror investigation, highlighting a rising trend targeting vulnerable elderly individuals in India. A retired bank manager from Juhu in Mumbai has allegedly been cheated out…
Experts warn that while capping interest rates on consumer loans may be sensible, borrowers must still compare offers and scrutinise total repayment costs, as the legal ceiling does not guarantee good value. Capping interest rates on consumer loans is a…
A Horicon Bank teller identified suspicious details during an $800 transfer, preventing a rental scam involving gift cards. Experts warn consumers to be vigilant against urgent requests for gift card payments for rent or legal fees. A quick branch conversation…
A Mumbai consumer commission has rejected a Rs 1 lakh claim by Rahul Gopichand Patil, ruling that his brother does not qualify as a beneficiary under the state’s farmers’ accidental insurance scheme, highlighting ongoing eligibility and verification issues in agricultural…
As average retiree spending nears $60,000 annually, financial experts emphasise the importance of flexible budgets that account for rising healthcare and utility expenses, highlighting the unpredictable nature of post-retirement finances. ChatGPT can produce a neat retirement budget, but real life…
Tamil Nadu’s expanded health insurance scheme will soon be implemented, increasing coverage from ₹5 lakh to ₹25 lakh without additional paperwork for current beneficiaries, and plans to expand IVF centres and strengthen disease control measures. Tamil Nadu’s expanded health insurance…
India’s health insurance policies may fall short as claims for serious illnesses surge and treatment costs escalate, prompting experts to advise higher coverage buffers and policy reassessment. A health insurance policy that looks comfortable on paper can still leave families…
While a diabetes diagnosis no longer automatically disqualifies applicants from term life cover, insurers are now more likely to assess risk based on disease management, age, and complications, leading to tailored premiums rather than outright rejection. A diabetes diagnosis does…
State-run banks in India are offering car loan rates below 7.5%, creating significant savings for borrowers and prompting private lenders to adjust offerings amid fee waivers and concessions. Car loan shoppers in India can still find deals below 7.5 per…
The real expense of studying abroad for Indian students has surged past expectations, prompting families to reconsider their financial strategies amidst currency fluctuations and rising tuition fees, risking long-term financial stability. For Indian families, the dream of an overseas degree…
Tamil Nadu has increased the collateral-free education loan limit to Rs 20 lakh to make higher education more accessible for students lacking property or assets, aligning with wider Indian credit trends and easing financial barriers for middle- and lower-income families.…
With smartphones now storing sensitive personal and financial information, setting up security measures before your device is stolen is essential. Experts recommend simple safeguards like SIM PINs and configuring tracking services to prevent data breaches and financial emergencies. In an…
