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LIC New Bima Bachat Plan, Policy Plan No. 916, Know Basic Details

Government Life Insurance Company Life Insurance Corporation of India (LIC) offers a variety of insurance and investment options. LIC policies are very popular with the public. In India, one who has a LIC policy has a secure future. One such LIC policy is New Bima Bachat policy plan no. 916. It is a non-linked saving cum protection policy scheme. Here the premium payment is made in a lump sum at the beginning of the policy plan. This is a money-back policy plan. This money-back policy scheme provides financial protection against death during the policy term. Also, there is a provision for payment of survival benefits of the policyholder in a specified period during the policy term. In addition, at maturity, the single premium is returned with a loyalty bonus (if any available). This policy scheme also takes care of the cash needs of the investor, hence the loan facility is available in it. This policy scheme has three policy term options depending on the age...

NFO News - Mahindra Manulife Focused Equity Yojna Fund’s New Fund Offering

Mahindra Manulife Mutual Fund has launched the Mahindra Manulife Focused Equity Yojna. This new fund offer (NFO) is open from Monday, October 26, 2020, and will close on November 9th, 2020. It is an open-ended equity mutual fund NFO that will invest in a maximum of 30 shares. All these shares will be high-quality stocks. This NFO is suitable for investors who want to see an increase in their investment over the long term. This NFO is also true for those who want to invest for the medium term and expect better risk-adjusted returns. Ashutosh Bishnoi, MD, Mahindra Manulife Investment Management, said the Indian economy and equity markets are headed for a strong recovery, as the economy is opening up after the COVID19 lock-down and we are seeing an improvement in corporate performance in India. The Mahindra Manulife Focused Equity Yojna NFO is suitable for investors who want to invest for the medium term as well as good returns. The Focused funds have the advantage of def...

Total Number of Fund Houses in India | All Mutual Fund AMC in India

All mutual fund company The Bank Sponsored AMC 1. The Joint Ventures AMC | Predominantly Indian - SBI Funds Management Pvt. Ltd. - Union Asset Management Co. Pvt. Ltd. - BOI AXA Investment Managers Pvt. Ltd. - Canara Robeco Asset Management Co. Ltd. 2. Others AMC - UTI Asset Management Co. Ltd. - Baroda Asset Management India Ltd. - IDBI Asset Management Ltd. The Institutions AMC 1. Indian AMC - LIC Mutual Fund Asset Management Ltd. - IIFCL Asset Management Co. Ltd. The Private Sector AMC 1. Indian AMC - Essel Finance AMC Ltd. - IDFC Asset Management Co. Ltd. - DSP Investment Managers Pvt. Ltd. - Edelweiss Asset Management Ltd. - Indiabulls Asset Management Co. Ltd. - ITI Asset Management Ltd. - IIFL Asset Management Ltd. - IL&FS Infra Asset Management Ltd. - L&T Investment Management Ltd. - Mahindra Asset Management Co. Pvt. Ltd. - Motilal Oswal As...

Which is better in credit and debit cards?

Whenever he started his career with a job in a good company. In most cases, they get a debit and credit card along with opening an account with a private bank. That youth becomes happy with his financial freedom. But at the same time, when using credit and debit cards in front of him, the question arises as to which of these cards is better. Just as it is difficult to tell who is better in day and night, it is difficult to compare credit and debit cards. As both have advantages, there are some limitations as well. In the future, the consumer comes to know about this as soon as he uses a better option in his financial transactions. The credit and debit cards are actually cash options and very powerful financial resources. The basic difference between credit and debit cards is the withdrawal of money from both cards. The debit card is issued by the bank and is linked to the consumer's account. Here, a bank account can be current or savings. A debit card is lik...

What is the loan against property, know all about it?

A loan against property (LAP) is a secured type of loan, which any beneficiary can pledge his commercial or residential property to the lender. There is no need to show any specific reason for taking a loan against property. Loan against property loan can be taken for the education or marriage of children or to get out of difficult financial situations. Beneficiaries can take loans from 75 to 90 per cent of its value, depending on the current market rate of their commercial or residential property. This loan can be given for 15 to 20 years according to the convenience of the lender. LAP loans are given by banks and non-banking financial companies. The way to get a loan against property loan is also easy. The beneficiary will only have to hand over the documents related to the source of his income to the bank so that it can be ascertained whether he can repay the loan given to the applicant. The beneficiary can also provide documents related to his other asse...

Who is GST registration required and what is the registration process?

What is the GST registration? The Goods and Services Tax (GST) is an indirect tax, introduced on July 1, 2017. The main objective of implementing GST was to implement a uniform tax regime across the country. Taxpayers in India have to register GST because GST has replaced all previous taxes. Units and companies whose annual turnover is more than 40 lakhs, have to register in GST as a general taxpayer. This is called GST registration. Currently, GST registration is mandatory in many businesses. Doing business without registration is considered a crime and a heavy fine has to be paid if caught by the authority. Traders who were earlier under VAT or service tax are automatically covered by GST registration. This GST registration also applies to individual taxpayers, agents and suppliers of e-commerce aggregators. GST Registration process? GST registration usually takes two to six days. You have to fill the GST registration application form and put together the ...

What is a Console Bond or Perpetual Bond or War Bond?

In simple words, a bond is a written document that gives a fixed return for a certain period to the buyer. When the investor buys a bond, the investor agrees to lend his money to a company or government for a fixed period at a fixed interest rate. In return, that company promises to give you a fixed return every year. When a bond is issued by a private company, it is called Corporate Bonds. This type of bond gives higher returns but the risk is also higher. On the other hand, if a bond is issued by a government, it is called Government Bonds and the returns on these bonds are less but the security is higher. The bond issuing is returned to the principal amount of the ordinary bond for the period it is purchased as well as the fixed return for a fixed period. But a Perpetual Bond is a different type of bond, it has no maturity period, plus the institution that issues the bond does not return the principal amount even after the maturity period is completed. But if the bo...