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Personal Finance India

Preference for passive funds and ETFs is a palpable change

ETF AUM has moved up. In March 2020, the AUM in ‘Other ETFs’ was Rs 1.56 lakh crore (INR 1.56 trillion).
Centre to provide fresh insurance cover to 'COVID-19 warriors'

"The Pradhan Mantri Garib Kalyan Package (PMGKP) insurance policy claims of COVID warriors will continue to be settled till 24th April, 2021, thereafter a fresh insurance policy for COVID warriors will become effective," Union Health Ministry said. The PMGKP was announced on March last year, and was extended thrice till April 24, the ministry said.
Mutual funds to invest a lump sum of Rs 5 lakh

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
LIC appoints Paytm to handle its e-payments

According to sources, there were 17 payments platforms that had bid aggressively. Paytm’s ability to straddle multiple payment services worked in its favour as others were dominant in particular segments like UPI or cards.
What is restoration benefit in health insurance?

It is a value addition for a family floater plan as, if any one member exhausts the limit, others still are covered. The restored sum insured is not liable to be carried forward to the next policy year.
How to register a motor insurance claim

Take the vehicle to the garage for repairs as soon as the accident happens. All bills issued by the garage need to be submitted to the insurance company. Once a claim is made, no-claim bonus applicable on the policy will not be available for the next renewal.
Covid impact: 3 ways we can help others cope with job loss

Those who have lost their jobs are thus looking at a long period of unemployment, cooped up mostly inside their homes. Many would have dealt with their situation in privacy, without distressing the family. Reach out to make the affected family understand that they are not alone.
How to plan your finances for a special needs child

In the second part of this new series on special situations, ET Wealth explains how to secure the long-term financial future of your differently-abled child.
Financial frauds: The new avatar of Ponzi schemes is here

Perpetrators of financially dodgy schemes work hard at their image. When a victim has doubts his first reaction would be that so many people can’t be all wrong. Eternal vigilance—and a healthy suspicion of anything new—are needed to avoid becoming a victim of financial fraud.
Are you setting up to fail this year at work? Here is an 8-point failure checklist to find out

If you have survived last year, then it is a good thing. But what about now? Will you make the current year count? Or have you picked up wrong habits last year, that are setting you up for failure? Here’s a failure checklist for your trip to your career destination.