After long rule of Plastic Money, Comes Mobile Money: Airtel Launches Airtelmoney

This might be just the begining of a new era. Earlier plastic changed the way we used to keep money, now a new concept of mobile money has been launched in India by "Airtel" India's No.1 Telecom Company which has been granted license by RBI to use semi closed wallet.

Have you ever wanted to buy tickets for the evening movie show without visiting the theatre, pay your electricity bill without waiting in a long queue, buy yourself a coffee without the need to take out change – or wished you could magically pay for groceries after forgetting your wallet at home? Your wait is finally over.

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Now Change Your Health Insurance service Provider without loosing Benefits- Health Insurance Portability to be launched on 1st July 2011

The much awaited "Health Insurance Portability" is all set for launch from July 1, 2011. Now, health Insurance customers can switch to Health Insurance provider without losing on no claim benefits and waiting Period exclusion. Earlier, portability was possible only in Motor Insurance policy. This is a positive move for customers who has the option to choose services from desired service provider enabling offering best of services and price.

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Complete details LIC Bima Account1(Table No, 805) and Bima Account 2 (Table No. 806): A very innovative and tricky product with 0-1% guaranteed return

LIC has recently launched 2 new plans Bima Account1 and Bima account 2. Although these plans comes from the house of most trusted name in Indian Insurance "Life Insurance Corporation (LIC)" of India. Although I believed that I know a lot about Insurance I completely failed to understand both the products. Details of the plans are under but please go through Synopsis once you read about product details.

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Payment of New Pension System (NPS) contribution in a single Installment

For the convenience of the subscribers, and help popularise the NPS, it has been decided that NPS subscribers

will, henceforth, have the option to pay their yearly NPS subscriptions in a single installment (as against the stipulated minimum 4 installments in a year) on payment of fee applicable to one installment.

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Now pay your contribution for New Pension System (NPS) through Electronic Clearance System (ECS):

The NPS provides Electronic Clearing Service (ECS) facility to its subscribers. This will facilitate the subscriber to electronically pay NPS contribution from their respective bank accounts. To avail this facility, subscriber is required to submit the ECS form to any of the NPS registered Point of Presence (POP)/ Point of Presence‐Service Provider (POP‐SP). The subscriber will provide details of bank account in the ECS Mandate form prescribed by respective POP. Once the ECS request is accepted the subscriber contribution amount will be debited from their respective account on the specified date.

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And you thought Demat account is only for Safe keeping of Shares: Other avenues of Demat accounts

As you are aware, a Demat Account is mandatory for safe keeping ‘Shares’. Whether you buy shares from the market or apply IPOs, a Demat Account is compulsory. But today the scope of Demat Account has gone beyond “Shares”. 

Now its highly unlikely to find any smart investor who would avouid opening demat acount.

• Mutual Funds: Now, you can invest in Mutual Fund Schemes through our NSE terminals ( as you are buying shares ) and the units will get credited into your Demat account. No need for too many statements from various fund houses. A single Demat account will take care of all your MF investments.

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