The principle behind life insurance is simple, in theory. You pay small amounts after regular intervals, so that, a beneficiary of your choice gets a sum of money, in your absence, approximating what you would have earned. The idea is that should your family suffer a crisis that transcends finances, at least their finances won't be impacted too negatively. Your spouse and kids won't have to take on multiple jobs, beg for alms, nor lose the house and car. Many people don't understand why they need life insurance, when they should buy it or what type of policy would best meet their needs.
LIC Q1 Results: India's leading insurer Life Insurance Corp (LIC) on Thursday reported a 23% year-on-year (YoY) growth in its standalone net profit at Rs 13,492 crore in the first quarter of FY27, compared with Rs 10,986 crore a year ago.
RBI MPC Meeting August 2026 Live Updates: RBI governor Sanjay Malhotra-led Monetary Policy Committee (MPC) announced its decision to keep repo rate unchanged at 5.25%. RBI’s three-day MPC meeting commenced on Monday. Markets and experts widely expected the central bank to leave the benchmark repo rate unchanged. A change in repo rate has a direct impact on the EMIs borrowers pay for their loans.
