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Health care industry in India is one of the important sectors that is witnessing a rapid growth. Health insurance policies can be taken both for an individual and family members. It can safeguard your family from any unexpected illness, which might otherwise dig a deep hole in your pocket. While taking a health insurance policy, it’s important to note that the following benefits are available in the policy.

Credit Card is an amazing financial instrument that brings in lots of convenience and ease into your day-to-day life and also in your credit life. However, there is a lot of fear and concern connected with the usage of credit cards. This is mostly associated with the rate of interest charged on the cards and the drop in the credit score due to wrong usage.

A household or an individual needs credit to fulfill some of their needs and purchase certain high-value assets. What holds good for an individual holds good for an enterprise or a business too. A business needs finance for both short term and long term growth. The funds needed for running the business may come from various avenues like promoter's own funds, venture capitalist, angel investors, from public funding or from loans, etc. 

Time and again we have encountered situations where the defence personnel of our nation have left no stones unturned to keep our nation safe. And not to mention the hardships that they have to face due to their line of work and the conditions that they operate in. They also end up spending a lot of time away from their family.

Leaving on a vacation is always a pleasure. It sets your mind free from the mundane and routine activities that you keep doing all through the year at work or home. Planning for vacation does take a lot, right from getting your tickets, accommodation, sightseeing, packing, etc. While you are excited about doing all those activities, we wish to remind you of the important financial tasks that you should not forget doing before you set off.

A credit score is generated by the Credit Information Service companies or Credit bureaus as it is commonly called as and is a representation of your past creditworthiness based on which are future credit decisions regarding your credit applications are made. Needless to say, a good credit score which is indicated by higher numbers on the credit score range is needed to get any kind of credit and on favorable terms. On the other hand, individuals with low credit score sees more of rejections on the credit front.  

For the uninitiated, credit score is nothing but an expression of your creditworthiness in the form of numbers. It is assigned by the credit bureaus in the range of 300-900. The higher credit score represents higher level of creditworthiness. To get any form of credit at favorable terms, i.e. loan or a credit card, a credit score higher than 700-750 is absolutely essential.  

Getting your first credit card could have brought you an immense joy as you are given pre-approved credit card just based on trust and relationship. You might have gone on a spending spree right after you had obtained the card without realising the impact of repayment aspect. A sudden medical emergency sprouts up, putting your finance at stake. There could be a lot of reason why your finance might have turned bad. However, none of the reasons matter to the creditors. What matters most to them is that how good is your three-digit credit score. Having a bad credit score can impact you negatively in various aspects especially in terms of credit-related activities. Following are some of the major impacts that a bad credit score can leave on your financial and personal life. 

Entrepreneurship is the buzz word of late. Having seen runaway success of many home-grown companies like Flipkart, PayTM, Zomato and BookMyShow, many individuals look forward to tread the path of entrepreneurship. Though ideas may be in abundance, every enterprise requires funds to move on and grow.

The earlier forms of credit cards came with magnetic strips which stored all information on the strips. This feature made it susceptible to fraud and loss of information through skimming. Hence, the industry came up with something called as the EMV Chip cards. Chips cards are named after their developers, i.e.  Europay, Mastercard®, and Visa®. The technology uses embedded microchip processors in cards that store and protect customer data.

Credit Score is a measure of your creditworthiness and is the primary way for a bank or a financial institution to decide if you should be eligible for any kind of credit in future. This score can range anywhere between 300 and 900. Higher scores are preferred as they indicate higher levels of creditworthiness.

Credit cards can be a boon or bane based on their usage. A credit card is a powerful financial tool if you know how to use it responsibly. And at the same time, it can turn out to be a dangerous beast in your life if you fail to use it carefully.

Owning a home is among the top aspirations of individuals. Investment in real estate is often for life and costs a lot, making it difficult to own them just out of your personal funds/ savings. Availability of a home loan comes as a big savior here.

Your credit score is assigned by the credit bureaus on the basis on information provided by your lenders regarding actions related to your credit cards and loans. Each action like application to a loan or card, to prompt payments on loans or credit card outstanding to the closure of the loan or cards, all of them affect your credit score.

It is the dream of majority of Indian folk to buy a house, and it is the single largest and costliest investment that anyone makes in their lifetime. After you purchase a beautiful house, it’s important that you give a complete protection to your assets against any unfortunate incidents. Catastrophic events such as a fire accident, cyclone, flood, earthquake and burglary can throw you in the most difficult situation of your life. In such circumstances, having a house insurance can spare you from the horror of rebuilding your house all over again or getting a refund for the valuable items lost. 

Your loan application is rejected’- a message like this could bring a lot of disappointment especially when you need financial aid for an emergency. While there could be ways to get money, not knowing the reasons for the rejection could deter you from taking further steps to improving the chances of getting approved for your upcoming loan application.  

Over our lifetime, we accumulate a number of assets which may include high-value ones like a home, a piece of land or other real estate investments; other assets like gold, vehicles; or investments like stocks and shares, etc. And in life, we face many emergencies and situations where we need money to tide through the crisis.

Rajeev is a middle-aged banker and has recently started using a credit card. He is a person who is wary of excessive debts and is aware of the interest charges being levied on credit card debt. And some of his family members have advised him to pay off the credit card outstanding as soon as possible, so he does not even wait for the bill date, he ends up making multiple payments during the month.  

Loans or any form of credit has become an important part of our modern day life. People have moved over the attitude of fear and reluctance towards credit and are going in for more loans for meeting their needs. Loans, especially personal loans, can help you meet a variety of your needs right from catering to a personal emergency situation to planning a wedding or holiday, buying that latest gadget in the market, for house renovation, or just about anything. 

There may still be a lot of individuals who do not understand what a credit score is and its importance in our lives. And there may be many more who know about credit scores but not about the role it plays. Whether we accept it or deny it, credit score does play a big role in our financial lives, unless someone manages to live their entire life without credit.  

According to Global Entrepreneurship Monitor (GEM) report, the entrepreneurship levels are stable and increasing gradually across the globe. There are about 100 million start-ups launched every year worldwide. With the easy access to business loans from banks, NBFCs and online lenders, starting a new business is possible for anyone who has the determination to succeed as an entrepreneur.