Page 37 - Policy Bazaar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Policybazaar SMS ad, circulated in March 2020, was deemed by IRDAI as “having potential to cause avoidable panic among customers”.

India Business News: BENGALURU: A flurry of successful IPOs from Asian companies helped SoftBank report a record profit in the fourth quarter ended March.

Online food ordering platform Zomato has filed draft papers with the Securities and Exchange Board of India (Sebi) for a Rs 8,250-crore initial public offering (IPO). The share float comprises fresh issue of equity shares worth Rs 7,500 crore and offer for sale worth Rs 750 crore by Info Edge (India) Ltd. At present, Info Edge holds 18.55 per cent in Zomato, while the Alibaba group owns 16.53 per cent of the restaurant aggregator via Alipay and Antfin. On Tuesday, Info Edge had said that it will sell stake worth Rs 750 crore in the Zomato IPO. Zomato’s much awaited IPO comes at a time the c...

Pandemic may cut life policy cover SECTIONS Share Synopsis The situation in life insurance is similar to health where insurers are cautious in terms of accepting proposals from those who have recently recovered from Covid and impose a waiting period or exclusions. iStock (This story originally appeared in on Apr 28, 2021)Chennai: Life insurance companies have turned cautious and tightened underwriting norms for high-value policies in the wake of the Covid pandemic and pullback by reinsurance companies citing low rates in India. Obtaining a cover is particularly challenging for those who hav...

Step 1: • Step 2: Now imagine you had to retire today. If you were to live your chosen lifestyle, how much annual income would you need? Let’s say, in today’s money terms, the answer is $40,000 (Dh 146,919). • Step 3: Account for inflation. For example, 20 years at 3 per cent inflation gives a multiple of (1.03)^20 = 1.8. This means a lifestyle that costs $40,000 (Dh146,919) today will cost $72,000 (Dh264,454) in 20 years, if average inflation is 3 per cent. • Step 4: Decide your theoretical withdrawal rate from your retirement pot. Advisors typically use a number between 4 per ...