FAQs

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Where does he stand now?

SHUBH, 48 years
Profession: An NRI-based in the Bahamas,
Dependents: His wife, and two sons, who are pursuing higher education in India.

Net worth
Asset Current Value
Property Rs 1.5 crore
Cars Rs

Buy health cover to top up employer-sponsored policy

I am planning to buy an under-construction house. I have to make the full payment upfront, but the property will be delivered three years later. To finance the purchase, I intend to take a bank loan a

Health insurer can up the premium

If I want to take an insurance policy for 10-15 years, will the insurance company have a fixed annual premium or will it increase the premium based on the age and diseases encountered in the future?
R

Do not delay mediclaims

Q. I had taken a personal loan of 10 lakh around three months ago, for which the repayment period is 48 months. Now, I also need an education loan of upto 20 lakh. Can you tell me if any bank will p

Existing critical illness is not covered

Q I have recently cleared overdues on my two credit cards. The total outstanding is Rs 50,000. Since my income doesn’t permit me to pay off the entire outstanding, I have been paying the minimum balan

Mediclaim for parents can earn tax deduction

A sailor, who has an NRI status, gets his monthly salary in US dollars, remitted by his foreign employer via TT transfer to his NRE account. He gets his monthly salary throughout the year even during

Credit cards: Just think before you swipe

Credit cards have changed our lives and our spending habits because of their sheer convenience. However, there is a danger that credit cards can tempt you to spend without foresight.

So it is import

Taxman may seek proof during scrutiny

Filing tax returns is an annual mandate that tax payers have to comply with. The last date which is drawing near — July 31, 2010. In a haste to meet the deadline, make sure you do not miss key element

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