BHARTI AXA Life has started offering its new child plan — Bright Stars PLUS — with a feature that promises to hand out 7% of the fund value as ‘Jumpstart’ benefit. Like several other child plans, this product comes with a waiver of premium benefit in the event of the policyholder’s death. In such a circumstance, the company undertakes to pay the regular premiums into the policy till maturity. Policyholders can choose from five fund options, and are allowed 12 free switches a year between these funds.
WE ARE all familiar with the anxiety and uncertainty that we feel when applying for a loan. After all, it's the lender who decides whether we can own our dream home, our first car, or whether our children can pursue higher education. In a nutshell, a better life depends on the lender's decisions. While other factors do play a part in the lender's decision, the Cibil Credit Information Report ( CIR ) plays a crucial role in a lender's decision to approve a loan application. Previously, lenders would treat all loan seekers equally. Each applicant, if approved by the lender's internal credit policy, would be charged at the same interest rate for a particular loan size and purpose. The lenders would charge a higher interest rate to all the borrowers, in order to compensate for the possible default of a small portion of the loan disbursed. In other words, it's like a professor (the lender) punishing an entire class (borrowers) for the mischief played b...
