From PTI
IDBI Federal Life Insurance, the joint venture insurance firm formed by IDBI Bank, Federal Bank and European Insurance firm Ageas, has formally kicked off commercial operations in Chennai.
The company, which began operations in March, 2008, had issued over 2.10 lakh policies offering an assured sum of Rs 9,819 crore till July, 2010, IDBI Federal Life Insurance said in a statement here.
With the setting up of a new branch in Chennai, IDBI Federal Life Insurance has presence in 53 cities, it said.
In the joint venture between IDBI Bank, Federal Bank and Ageas, IDBI Bank owns 48 per cent equity, while Federal Bank and Ageas own 26 per cent each. IDBI Federal Life Insurance aimed to strengthen its distribution network by adding 1,500 distributors and agents this fiscal, the statement added.
-PTI
Showing posts with label chennai finance wisdom. Show all posts
Showing posts with label chennai finance wisdom. Show all posts
Monday, September 27, 2010
IDBI Federal Life Insurance launches operations in Chennai
From PTI
IDBI Federal Life Insurance, the joint venture insurance firm formed by IDBI Bank, Federal Bank and European Insurance firm Ageas, has formally kicked off commercial operations in Chennai.
The company, which began operations in March, 2008, had issued over 2.10 lakh policies offering an assured sum of Rs 9,819 crore till July, 2010, IDBI Federal Life Insurance said in a statement here.
With the setting up of a new branch in Chennai, IDBI Federal Life Insurance has presence in 53 cities, it said.
In the joint venture between IDBI Bank, Federal Bank and Ageas, IDBI Bank owns 48 per cent equity, while Federal Bank and Ageas own 26 per cent each. IDBI Federal Life Insurance aimed to strengthen its distribution network by adding 1,500 distributors and agents this fiscal, the statement added.
-PTI
IDBI Federal Life Insurance, the joint venture insurance firm formed by IDBI Bank, Federal Bank and European Insurance firm Ageas, has formally kicked off commercial operations in Chennai.
The company, which began operations in March, 2008, had issued over 2.10 lakh policies offering an assured sum of Rs 9,819 crore till July, 2010, IDBI Federal Life Insurance said in a statement here.
With the setting up of a new branch in Chennai, IDBI Federal Life Insurance has presence in 53 cities, it said.
In the joint venture between IDBI Bank, Federal Bank and Ageas, IDBI Bank owns 48 per cent equity, while Federal Bank and Ageas own 26 per cent each. IDBI Federal Life Insurance aimed to strengthen its distribution network by adding 1,500 distributors and agents this fiscal, the statement added.
-PTI
Monday, March 29, 2010
Chennai Money - keep liquid investments in some cases
Keep some of your investments Liquid
Chennai personal finance wisdom -
Sponsored by OruAcre.com
Are you planning a major purchase this year? If so, make sure to keep some of your investments liquid. The liquidity of an asset refers to how quickly it can be converted to cash without penalty. So, if you are planning a significant expenditure, is important to have liquid assets to avoid pulling from a long-term investment or a retirement fund at an inopportune time.
Most long-term accounts will penalize you for withdrawing your money too early. Some will take away the interest that you have earned; others will actually dip into the principal that you have invested. Utilize a high-yield savings account or a short-term Fixed deposits to have funds accessible when you need them.
Hope this helps in your savings!!!
Chennai personal finance wisdom -
Sponsored by OruAcre.com
Are you planning a major purchase this year? If so, make sure to keep some of your investments liquid. The liquidity of an asset refers to how quickly it can be converted to cash without penalty. So, if you are planning a significant expenditure, is important to have liquid assets to avoid pulling from a long-term investment or a retirement fund at an inopportune time.
Most long-term accounts will penalize you for withdrawing your money too early. Some will take away the interest that you have earned; others will actually dip into the principal that you have invested. Utilize a high-yield savings account or a short-term Fixed deposits to have funds accessible when you need them.
Hope this helps in your savings!!!
Chennai Money - keep liquid investments in some cases
Keep some of your investments Liquid
Chennai personal finance wisdom -
Sponsored by OruAcre.com
Are you planning a major purchase this year? If so, make sure to keep some of your investments liquid. The liquidity of an asset refers to how quickly it can be converted to cash without penalty. So, if you are planning a significant expenditure, is important to have liquid assets to avoid pulling from a long-term investment or a retirement fund at an inopportune time.
Most long-term accounts will penalize you for withdrawing your money too early. Some will take away the interest that you have earned; others will actually dip into the principal that you have invested. Utilize a high-yield savings account or a short-term Fixed deposits to have funds accessible when you need them.
Hope this helps in your savings!!!
Chennai personal finance wisdom -
Sponsored by OruAcre.com
Are you planning a major purchase this year? If so, make sure to keep some of your investments liquid. The liquidity of an asset refers to how quickly it can be converted to cash without penalty. So, if you are planning a significant expenditure, is important to have liquid assets to avoid pulling from a long-term investment or a retirement fund at an inopportune time.
Most long-term accounts will penalize you for withdrawing your money too early. Some will take away the interest that you have earned; others will actually dip into the principal that you have invested. Utilize a high-yield savings account or a short-term Fixed deposits to have funds accessible when you need them.
Hope this helps in your savings!!!
Monday, January 11, 2010
Different Categories of Chennai People by Salaries - Economy of Chennai
I was talking to some of my friends in Chennai and corporate personnel in Chennai for the status of Chennai. Based on those discussions and interviews, here is my inference for Chennai Economy and reality check of the same.
I am not an economist, but just writing my thoughts and putting together my ideas on paper.
Let me classify working people of Chennai in different categories based on their salary.
1) Labour people, who work hard in the bottom of the society and get Rs.2500 per month or less.
2) Lower Middle class people, who earn between Rs.2500 to Rs.7000 per month. Families to feed three or more.
3) Middle class people, who earn between Rs.7000 to Rs.15000 per month.
4) Upper middle class people, who earn between Rs.15000 to Rs.25000 per month.
5) Rich people, who earn anything more than Rs.25000 per month.
The above could be one person to two person earning in a family, so it could be considered as household income. The problem is - people or families would come under my classification or vary time to time - based on the number of family members.
Say for example, a family increases by population and he stays with the same salary, then they slowly come down to a different classification of people in Chennai. Please note that this classification only applies to Chennai.
Ok, now we have classified people. Let us see what do they do -
1) Labour class does all the low level jobs like cleaning, mechanical work, very very hardworking, sweeping, house work etc.,
2) Lower middle class would be two people earning and doing the same work as above labour class. This category is also hard working and lot of manual work job.
3) Middle class is more of people working in offices, clerks and sit and do jobs, accountants etc.,
4) Upper middle class is more of banking, insurance, service, retail and education, teaching, some IT or ITeS related folks.
5) Rich people are more of corporate people, any kind of business men and women, politicians, specifically IT people and at last thugs, who live on interest (finance).
I am not an economist, but just writing my thoughts and putting together my ideas on paper.
Let me classify working people of Chennai in different categories based on their salary.
1) Labour people, who work hard in the bottom of the society and get Rs.2500 per month or less.
2) Lower Middle class people, who earn between Rs.2500 to Rs.7000 per month. Families to feed three or more.
3) Middle class people, who earn between Rs.7000 to Rs.15000 per month.
4) Upper middle class people, who earn between Rs.15000 to Rs.25000 per month.
5) Rich people, who earn anything more than Rs.25000 per month.
The above could be one person to two person earning in a family, so it could be considered as household income. The problem is - people or families would come under my classification or vary time to time - based on the number of family members.
Say for example, a family increases by population and he stays with the same salary, then they slowly come down to a different classification of people in Chennai. Please note that this classification only applies to Chennai.
Ok, now we have classified people. Let us see what do they do -
1) Labour class does all the low level jobs like cleaning, mechanical work, very very hardworking, sweeping, house work etc.,
2) Lower middle class would be two people earning and doing the same work as above labour class. This category is also hard working and lot of manual work job.
3) Middle class is more of people working in offices, clerks and sit and do jobs, accountants etc.,
4) Upper middle class is more of banking, insurance, service, retail and education, teaching, some IT or ITeS related folks.
5) Rich people are more of corporate people, any kind of business men and women, politicians, specifically IT people and at last thugs, who live on interest (finance).
Different Categories of Chennai People by Salaries - Economy of Chennai
I was talking to some of my friends in Chennai and corporate personnel in Chennai for the status of Chennai. Based on those discussions and interviews, here is my inference for Chennai Economy and reality check of the same.
I am not an economist, but just writing my thoughts and putting together my ideas on paper.
Let me classify working people of Chennai in different categories based on their salary.
1) Labour people, who work hard in the bottom of the society and get Rs.2500 per month or less.
2) Lower Middle class people, who earn between Rs.2500 to Rs.7000 per month. Families to feed three or more.
3) Middle class people, who earn between Rs.7000 to Rs.15000 per month.
4) Upper middle class people, who earn between Rs.15000 to Rs.25000 per month.
5) Rich people, who earn anything more than Rs.25000 per month.
The above could be one person to two person earning in a family, so it could be considered as household income. The problem is - people or families would come under my classification or vary time to time - based on the number of family members.
Say for example, a family increases by population and he stays with the same salary, then they slowly come down to a different classification of people in Chennai. Please note that this classification only applies to Chennai.
Ok, now we have classified people. Let us see what do they do -
1) Labour class does all the low level jobs like cleaning, mechanical work, very very hardworking, sweeping, house work etc.,
2) Lower middle class would be two people earning and doing the same work as above labour class. This category is also hard working and lot of manual work job.
3) Middle class is more of people working in offices, clerks and sit and do jobs, accountants etc.,
4) Upper middle class is more of banking, insurance, service, retail and education, teaching, some IT or ITeS related folks.
5) Rich people are more of corporate people, any kind of business men and women, politicians, specifically IT people and at last thugs, who live on interest (finance).
I am not an economist, but just writing my thoughts and putting together my ideas on paper.
Let me classify working people of Chennai in different categories based on their salary.
1) Labour people, who work hard in the bottom of the society and get Rs.2500 per month or less.
2) Lower Middle class people, who earn between Rs.2500 to Rs.7000 per month. Families to feed three or more.
3) Middle class people, who earn between Rs.7000 to Rs.15000 per month.
4) Upper middle class people, who earn between Rs.15000 to Rs.25000 per month.
5) Rich people, who earn anything more than Rs.25000 per month.
The above could be one person to two person earning in a family, so it could be considered as household income. The problem is - people or families would come under my classification or vary time to time - based on the number of family members.
Say for example, a family increases by population and he stays with the same salary, then they slowly come down to a different classification of people in Chennai. Please note that this classification only applies to Chennai.
Ok, now we have classified people. Let us see what do they do -
1) Labour class does all the low level jobs like cleaning, mechanical work, very very hardworking, sweeping, house work etc.,
2) Lower middle class would be two people earning and doing the same work as above labour class. This category is also hard working and lot of manual work job.
3) Middle class is more of people working in offices, clerks and sit and do jobs, accountants etc.,
4) Upper middle class is more of banking, insurance, service, retail and education, teaching, some IT or ITeS related folks.
5) Rich people are more of corporate people, any kind of business men and women, politicians, specifically IT people and at last thugs, who live on interest (finance).
Chennai Personal Finance Tips for 2010
• If you can't afford it, don't buy it. Live within your means.
• Create a monthly budget and stick to it.
• Evaluate your finances, and cut back on unnecessary expenditures.
• Keep up to date with your monthly payments. Missing a single month could cost you thousands of dollars in interest down the road.
• Reassess your life and car insurance policies. You could potentially save money by switching to a different company.
• Create a monthly budget and stick to it.
• Evaluate your finances, and cut back on unnecessary expenditures.
• Keep up to date with your monthly payments. Missing a single month could cost you thousands of dollars in interest down the road.
• Reassess your life and car insurance policies. You could potentially save money by switching to a different company.
Chennai Personal Finance Tips for 2010
• If you can't afford it, don't buy it. Live within your means.
• Create a monthly budget and stick to it.
• Evaluate your finances, and cut back on unnecessary expenditures.
• Keep up to date with your monthly payments. Missing a single month could cost you thousands of dollars in interest down the road.
• Reassess your life and car insurance policies. You could potentially save money by switching to a different company.
• Create a monthly budget and stick to it.
• Evaluate your finances, and cut back on unnecessary expenditures.
• Keep up to date with your monthly payments. Missing a single month could cost you thousands of dollars in interest down the road.
• Reassess your life and car insurance policies. You could potentially save money by switching to a different company.
Monday, December 15, 2008
Motivating yourself to save: Chennai Money Wisdom
Motivating Yourself to Save
Oftentimes, learning new methods to reduce spending and save money are not enough to change habits by themselves, and you may find yourself reverting back to old behaviors before you know it. Motivating yourself to save requires setting goals and constant visual reminders of those goals. Here are some useful tips:
Write down your financial goals and do research to find out what you need to do to get there. Set realistic timelines for achieving these goals.
Don't be afraid to choose goals such as a new home or car. These big tickets items can stimulate your savings attitude and financial motivation.
Create visual reminders of your goals and attach them to places such as the walls in your room, the dashboard of your car, or the background on your computer.
Along with continually learning of new ways to save, following these goal-setting tips will help you realize your dreams.
Oftentimes, learning new methods to reduce spending and save money are not enough to change habits by themselves, and you may find yourself reverting back to old behaviors before you know it. Motivating yourself to save requires setting goals and constant visual reminders of those goals. Here are some useful tips:
Write down your financial goals and do research to find out what you need to do to get there. Set realistic timelines for achieving these goals.
Don't be afraid to choose goals such as a new home or car. These big tickets items can stimulate your savings attitude and financial motivation.
Create visual reminders of your goals and attach them to places such as the walls in your room, the dashboard of your car, or the background on your computer.
Along with continually learning of new ways to save, following these goal-setting tips will help you realize your dreams.
Motivating yourself to save: Chennai Money Wisdom
Motivating Yourself to Save
Oftentimes, learning new methods to reduce spending and save money are not enough to change habits by themselves, and you may find yourself reverting back to old behaviors before you know it. Motivating yourself to save requires setting goals and constant visual reminders of those goals. Here are some useful tips:
Write down your financial goals and do research to find out what you need to do to get there. Set realistic timelines for achieving these goals.
Don't be afraid to choose goals such as a new home or car. These big tickets items can stimulate your savings attitude and financial motivation.
Create visual reminders of your goals and attach them to places such as the walls in your room, the dashboard of your car, or the background on your computer.
Along with continually learning of new ways to save, following these goal-setting tips will help you realize your dreams.
Oftentimes, learning new methods to reduce spending and save money are not enough to change habits by themselves, and you may find yourself reverting back to old behaviors before you know it. Motivating yourself to save requires setting goals and constant visual reminders of those goals. Here are some useful tips:
Write down your financial goals and do research to find out what you need to do to get there. Set realistic timelines for achieving these goals.
Don't be afraid to choose goals such as a new home or car. These big tickets items can stimulate your savings attitude and financial motivation.
Create visual reminders of your goals and attach them to places such as the walls in your room, the dashboard of your car, or the background on your computer.
Along with continually learning of new ways to save, following these goal-setting tips will help you realize your dreams.
Sunday, June 1, 2008
Never take decisions based on temptations - Chennai Finance Wisdom
Never take decisions based on temptations.
Tempations always lead to bad decisions and you regret for it.
I made a recent financial decision based on temptation.
As always, it ended up in a bad decision.
A different me, came in front of me and kept on talking to me about doing the temptation. I heard to that and did execute the sales. I bought that thing, even though it was difficult for me to buy!
I went for it, even though it is not affordable for me, at this point of time.
I regret for it guys! Why did that temptation come to me?
I was a very happy individual doing my own stuff and satisfied with what I have.
Why do these temptations come? I would have to pay that off, for next one year to get rid of this problem.
I can clearly see that the purchase was unnecessary. I didn't know that at that time. Nobody told me! Every heard to what I said and nobody stopped me!
I went ahead and today a real me is coming and knocking me. This real me is the one I always live with. So, now the real me is coming and asking me lots of questions.
I was a rich guy in terms of financial satisfaction and now I am a poor guy for couple of months at least. I feel guilty of my actions and its consequences.
Why would my inner self come to me and tell me to live life and now tell me that you went too fast in life!? Why there is a contradictory thought floating around and confusing me!!
This clearly tells me who am I!?
Yes - I am a conservative, long-term saver and never would think of living life. Your brought up is like that! You can never become a spender! You will kill yourself, instead!!!
Moral is this: Never take decisions when you are tempted!!!!
Tempations always lead to bad decisions and you regret for it.
I made a recent financial decision based on temptation.
As always, it ended up in a bad decision.
A different me, came in front of me and kept on talking to me about doing the temptation. I heard to that and did execute the sales. I bought that thing, even though it was difficult for me to buy!
I went for it, even though it is not affordable for me, at this point of time.
I regret for it guys! Why did that temptation come to me?
I was a very happy individual doing my own stuff and satisfied with what I have.
Why do these temptations come? I would have to pay that off, for next one year to get rid of this problem.
I can clearly see that the purchase was unnecessary. I didn't know that at that time. Nobody told me! Every heard to what I said and nobody stopped me!
I went ahead and today a real me is coming and knocking me. This real me is the one I always live with. So, now the real me is coming and asking me lots of questions.
I was a rich guy in terms of financial satisfaction and now I am a poor guy for couple of months at least. I feel guilty of my actions and its consequences.
Why would my inner self come to me and tell me to live life and now tell me that you went too fast in life!? Why there is a contradictory thought floating around and confusing me!!
This clearly tells me who am I!?
Yes - I am a conservative, long-term saver and never would think of living life. Your brought up is like that! You can never become a spender! You will kill yourself, instead!!!
Moral is this: Never take decisions when you are tempted!!!!
Never take decisions based on temptations - Chennai Finance Wisdom
Never take decisions based on temptations.
Tempations always lead to bad decisions and you regret for it.
I made a recent financial decision based on temptation.
As always, it ended up in a bad decision.
A different me, came in front of me and kept on talking to me about doing the temptation. I heard to that and did execute the sales. I bought that thing, even though it was difficult for me to buy!
I went for it, even though it is not affordable for me, at this point of time.
I regret for it guys! Why did that temptation come to me?
I was a very happy individual doing my own stuff and satisfied with what I have.
Why do these temptations come? I would have to pay that off, for next one year to get rid of this problem.
I can clearly see that the purchase was unnecessary. I didn't know that at that time. Nobody told me! Every heard to what I said and nobody stopped me!
I went ahead and today a real me is coming and knocking me. This real me is the one I always live with. So, now the real me is coming and asking me lots of questions.
I was a rich guy in terms of financial satisfaction and now I am a poor guy for couple of months at least. I feel guilty of my actions and its consequences.
Why would my inner self come to me and tell me to live life and now tell me that you went too fast in life!? Why there is a contradictory thought floating around and confusing me!!
This clearly tells me who am I!?
Yes - I am a conservative, long-term saver and never would think of living life. Your brought up is like that! You can never become a spender! You will kill yourself, instead!!!
Moral is this: Never take decisions when you are tempted!!!!
Tempations always lead to bad decisions and you regret for it.
I made a recent financial decision based on temptation.
As always, it ended up in a bad decision.
A different me, came in front of me and kept on talking to me about doing the temptation. I heard to that and did execute the sales. I bought that thing, even though it was difficult for me to buy!
I went for it, even though it is not affordable for me, at this point of time.
I regret for it guys! Why did that temptation come to me?
I was a very happy individual doing my own stuff and satisfied with what I have.
Why do these temptations come? I would have to pay that off, for next one year to get rid of this problem.
I can clearly see that the purchase was unnecessary. I didn't know that at that time. Nobody told me! Every heard to what I said and nobody stopped me!
I went ahead and today a real me is coming and knocking me. This real me is the one I always live with. So, now the real me is coming and asking me lots of questions.
I was a rich guy in terms of financial satisfaction and now I am a poor guy for couple of months at least. I feel guilty of my actions and its consequences.
Why would my inner self come to me and tell me to live life and now tell me that you went too fast in life!? Why there is a contradictory thought floating around and confusing me!!
This clearly tells me who am I!?
Yes - I am a conservative, long-term saver and never would think of living life. Your brought up is like that! You can never become a spender! You will kill yourself, instead!!!
Moral is this: Never take decisions when you are tempted!!!!
Subscribe to:
Posts (Atom)