Axis Bank is one of the private sector banks to offer a wide range of credit cards. The Bank is currently offering multiple variants of credit cards each customized to cater to different needs.
Features;
▪️Cashback options ▪️Higher purchase limits ▪️Enjoy unlimited discounts from various merchant outlets ▪️Create your own credit card using MyDesign
How to Apply?
1. Click on the link shared and enter their name & mobile number to continue. After that yoi will be redirected to the Axis Bank Credit Card’ webpage
2. To start the process, Axis bank will ask a question ‘Are you existing Axis Bank customer? You need to click on ‘Yes’ or ‘No’
3. On next page you need to enter mobile number and PAN details, area pin code and annual income and then verify with the received OTP
4. Fill all personal details carefully and proceed
5. Now you need to submit employment details and select the card which you wish to apply for.
Note: Axis Bank will check the eligibility and then it will show the Cards to choose
6. The Axis bank will send a notification to whether you are eligible for the card or NOT
7. On next level if you are approved/ eligible, you will get a call from Axis Bank to complete the verification process
Yes Bank is one of the topmost and Fastest Growing Banks in India. Its credit cards come with a host of benefits. Customers can save money or get rewarded every time they swipe while paying their dining or shopping bills with YES Bank cards.
Features;
▪️100% digital & paperless process ▪️Rewards on bill payment ▪️Fuel surcharge waiver ▪️Access to Mastercard lounges Special offers on movie tickets, bills, dining, shopping and travel
Eligibility;
▪️Age Group: 21+ years ▪️Employment type: salaried or Self Employed ▪️Monthly income: Rs. 25,000+
1. Click on the link and enter the name, mobile number, email ID, and Pincode then click on ‘start journey now’
2. After this you will be redirected to the official website of Yes Bank to register and apply for the card
3. You need to enter PAN card, mobile number then mark in the check box to accept T&C and click on ‘Save and Continue’
4. Enter Aadhaar card number, mark in the check box then enter OTP received on the mobile number and click on ‘Save and continue’
5. Now you can see the Aadhaar card fetched details on the screen. If the details are correct then click on ‘Yes’ then submit residential details and click on ‘Save and Continue’
6. In the next step you need to enter the office address and choose the preferred communication address
7. Now mention occupation and select anyone option to apply for the card
8. System will verify the details to check the eligibility and you will be informed at the same time. If you are eligible then suitable card options will be suggested.
9. Click on ‘select card’ and view the details and features.
10. Submit personal details and click on ‘Save and continue’
11. On the next step submit employment details and click on ‘Save and continue’
12. In the next step a question will be asked where if you any relation with any director or senior manager of ‘Yes Bank’? You needs to select a right option
13. After that add nominee details and click on ‘Save and continue’
14. Now submit documents like company ID proof, salary slip accept T&C and click on Save and continue’
15. In the next step the you needs to complete a video KYC. Once the KYC is done the final verification will be done and if are eligible and the documents are correct then the card will be approved.
16. You will be notified through message and email. The card will dispatched to your Registered Address in 10 to 15 days
Indusind Bank is amongst the top credit card issuers in India and offers a variety of credit cards that suits varying individual needs. It offers premium credit cards that offer exclusive privileges for its users.
Features;
▪️Get instant reward points on expenditures ▪️Get access to complimentary golf lessons ▪️Enjoy fuel surcharge waiver at the petrol pump ▪️Enjoy pre-trip assistance ▪️Offers on movie tickets ▪️Get access to VIP lounges in the world ▪️100% digital & paperless process ▪️Simple, Fast & Secure
Eligibility;
▪️Age Group: 21+ years ▪️Employment type: salaried (in Services), Self Employed (Small Businesses) ▪️Average work experience: 9 years ▪️Monthly income: Rs. 20,000+ ▪️Credit Score: 720+
1. Click on the link shared by and choose ‘Indusind Credit Card’ from the screen 2. Enter the name and mobile number and click on ‘start journey now’ 3. Now you will be redirected to ‘IndusInd’ website to register 4. Fill the required details like name, email ID, Mobile number Pincode. 5. Click in the check box to accept T&C then click on ‘Verify Mobile No’. Then enter OTP and click on ‘Next’ 6. On next page submit PAN card number and other details, then select employment type & enter monthly income 7. Now enter Aadhaar card number or virtual ID and click on ‘Get OTP’ to verify 8. After verifying OTP, address will be displayed on the screen, select current options to confirm address and proceed. 9. Now you needs to submit employment details, income etc. and proceed to the next step. 10. Then the details will be verified and after checking the eligibility some credit card options will be displayed on the screen. 11. You can choose any card and click on ‘Get Now’ 12. On the next screen submit a few more personal details & click on ‘Next’ 13. Now check all the T&C carefully and mark in the check box to accept it and click on ‘Get OTP’ and verify 14. Now proceed for video KYC and keep documents handy like PAN card, Aadhaar card, and enable access for camera, device, and location. 15. Once the customer will complete video KYC, the application will be submitted & it will be approved by the Induslnd Bank. 16. Once the card will get approved and activated, you will receive the Physical Card to your Registered Address in 10 – 14 days
Order Slicing is an additional feature on the web trading platform that gives an edge to the Active Traders to divide the Large Quantity Order into multiple orders which is known as Child Orders. Order Slicing is important because if its not done than One single large quantity order can have direct implication on market liquidity and price discovery in very next moment. If traders execute a large order into a multiple order in the same stock, in the same direction, and on the same day. The one of the reasons is to minimize and have control on Cost of Carry for holding a position. Consistent with this, we find that traders who engage in order Slicing more often are more active and are larger-size traders.
Functionality: –
Order Slicing functionality is newly introduced features which have been introduced in HSL Pro-Terminal Web Trading Platform and operates in following conditions: –
• Segment – Cash • Exchange – NSE & BSE • Validity – Day for NSE | SES for BSE • Product – CASH Only • Order Type – LIMIT Only • AMO is not supported • Transaction Type – BUY & SELL • No. of Slice – (Min 2) | (Max 25)
Type of Order Slicing: –
Here, it’s a Manual Order Slicing mechanism which is being performed upfront dividing into small – small orders based on the input enter by the users on the order form.
• Type – Manual Slicing • Order Placement – Immediate • All Orders will be Treated independently • All Sliced Orders will be placed One – By – One in Loop – One after another (FIFO)
Steps for Order Slicing: –
1. User has to enter a large order quantity in qty. field on the order form. 2. User has to enter a Limit Price in price field on the order form and that too between the day price range. 3. For Order Slicing – a tick has to be checked. 4. The moment tick is done, below panel (Advance Options) on the order form gets expanded for user to define rest of the required inputs.
As per the Exchange circular dated 9th March 2022, you need to link your Aadhaar with your PAN before 31st March, 2022. If you do not link your Aadhaar to your PAN, you will not be allowed to trade from 1st April, 2022 onwards and your PAN shall be considered as invalid.
Steps on linking PAN to Aadhaar
The Link Aadhaar service is available to individual taxpayers (both registered and unregistered on e-Filing) who have a valid PAN and Aadhaar number. With this service, you can:
Link Aadhaar with PAN on the e-Filing portal: Pre-login on the e-Filing homepage (for both registered and unregistered users) Post-login to the e-Filing portal (for registered users) View your Link Aadhaar status from the e-Filing homepage2.
Prerequisites for availing this service ▪️Valid PAN ▪️Aadhaar number ▪️Valid mobile number
Step-by-Step Guide
✅Link Aadhaar (Pre-Login and Post-Login)
👉Pre-Login: Go to the e-Filing portal homepage, and click Link Aadhaar.
👉Post-Login: On your Dashboard, under the Link Aadhaar to PAN option, click Link Aadhaar.
Step 1b: Post-Login: You can also access this service from My Profile > Link Aadhaar.
Step 2a: Pre-Login: On the Link Aadhaar page, enter your PAN, Aadhaar Number, Name as per Aadhaar and a valid Mobile Number.
Step 2b: Post-Login: On the Link Aadhaar page, your Name, Date of birth (DOB), and Gender as per PAN will be pre-filled and non-editable. Enter your Aadhaar Number and Name as per Aadhaar.
Step 3: If you have only year of birth in your Aadhaar card, click I have only year of birth in Aadhaar card. It is mandatory to select I agree to validate my Aadhaar details. Then, click Link Aadhaar.
Step 4: Pre-Login: You will receive a 6-digit OTP on the mobile number you entered in Step 2a. On the Verification page, enter the Mobile OTP and click Validate. If you are using this service post-login, you won’t go through this step.
Note:
OTP will be valid for 15 minutes only.You have 3 attempts to enter the correct OTP. The OTP expiry countdown timer on screen tells you when the OTP will expire.On clicking Resend OTP, a new OTP will be generated and sent.
On success, you will get a message about your Aadhaar-PAN linking request being sent to UIDAI.
▶️View Link Aadhaar Status (Pre-Login)
Step 1: On the e-Filing portal homepage, click Link Aadhaar Status.
Step 2: Enter your PAN and Aadhaar Number and click View Link Aadhaar Status.
On successful validation, a message will display your Link Aadhaar status.
▶️View Link Aadhaar Status (Post-Login)
Step 1a: On your Dashboard, click Link Aadhaar Status.
Step 1b: Alternatively, you can go to My Profile > Link Aadhaar Status.
Note:
If the validation fails, click Link Aadhaar on the Status page, and you will need to repeat the steps to link your PAN and Aadhaar.If your request to link PAN and Aadhaar is pending with UIDAI for validation, you will need to check the status later.You may need to lodge a request (e-Nivaran) or contact the e-Filing Helpdesk to un-link Aadhaar and PAN if: your Aadhaar is linked with some other PANyour PAN is linked with some other Aadhaar
On successful validation, a message will display your Link Aadhaar status.
Like Credit Card for Non-salaried, Buy Now Pay Later, 5 Min Approval, Pay in EMI
Aspire is like a digital credit card app that works over UPI (anywhere that Google Pay, PhonePe or Paytm work).
Aspire is for you if you use these apps and do not have a credit card!
**** We check bureau (like CIBIL) and don’t approve if you are overdue on other loans. But if you have never taken any loan or credit card, Aspire is for you! ****
Available in Gujarat, Maharashtra, Karnataka, Telangana, Tamil Nadu and Andhra Pradesh.
⭐ EASY TO APPLY Instant approval and activation 100% online process, takes ~ 5 mins No documents needed No application fees
⭐ HOW TO APPLY Click here to Install Aspire App Fill PAN and basic details Complete KYC with selfie and Aadhaar Setup repayment and start shopping!
⭐ BENEFITS Build a credit score and enjoy financial independence Get credit limit increases for your line of credit with timely repayments No interest! No processing fee No pre-payment penalty No security deposit (collateral) Simple monthly fee only when you use Aspire or have balance Coming soon: Rewards and discounts on select purchases
⭐ WHAT YOU GET Pay later for purchases in EMI, anywhere Use at any small shop, market, mall, hospital, Amazon, Flipkart, everywhere! Fixed monthly fee – pay fee only in the months that you use Aspire or have previous outstanding balances in. No Use, No Balance, No Fee!!
⭐ WHERE CAN ASPIRE BE USED As travel EMIs, shopping credit or shopping EMI, hospital credit or hospital EMI, dental EMI, supermarket credit or also as a grocery credit card
⭐ HOW TO USE ASPIRE FOR MAKING PURCHASES Get instant credit on registration to pay in EMI or pay in installments Scan and Pay any UPI QR code with the Aspire app to buy now pay, pay later
⭐ WHO IS ASPIRE FOR You use UPI (Google Pay, Phone Pe, Paytm). You want a credit card! You are not overdue on loans.
⭐ EASY REPAYMENT All spends are split into 4 EMI Monthly billing with bill generated on 1st of each month Due date on 8th of each month
⭐ EXAMPLE OF HOW ASPIRE CHARGES Your credit limit is ₹5,000/- Your monthly fee is ₹150 + ₹27 (GST) = ₹177 per month 1st transaction: You spend ₹4,000/- on Dec 4 Your 4 EMIs (₹1,000/-) will be due on Jan 8, Feb 8, Mar 8, Apr 8 2nd transaction: You spend ₹400/- on Dec 31 Your 4 EMIs (₹100/-) will be due on Jan 8, Feb 8, Mar 8, Apr 8 Jan 1st bill: EMI from 1st transaction = ₹1,000/- EMI from 2nd transaction = ₹100/- Monthly charges = ₹177/- Amount due on Jan 8 = ₹1000 + ₹100 + ₹177 = ₹1,277/-
⭐ ELIGIBILITY CRITERIA You must be 21 years old and an Indian resident Be a user of any UPI app – BHIM, Google Pay, Phone Pe, Paytm, any UPI app PAN number and Aadhaar number (phone should be linked on Aadhaar)
Choice Broking is one of the reliable and popular company enables users to easily open up a trading account. Here are some benefits of Choice Broking Trading Account listed below-
The broking house provides flexibility in opening up a trading account.It provides qualitative products and services to the customers for easy trading. Apart from that, flexible trading platforms are provided for massive trading experience.
Jiffy is the largest SME Market Maker in India and is registered as a Mutual Funds Distributor with AMFI.
Specifications
▪️Zero Account Opening Fee ▪️Dedicated Relationship Manager ▪️Free Call for Trade Facility ▪️Zero Square Off Charges ▪️Expert Advisory Team ▪️Highest Call Success Ratio
🔹Now it will redirect you towards playstore app to download ‘Jiffy Trading app’ 🔹After Downloading the App you need to open the app and create an account 🔹Ask customer to fill personal details like name, mobile number, email id, city etc. now agree T&C and click on submit button 🔹Now customer need to enter OTP received on mobile number and verify 🔹Now customer need to enter PAN number and DOB and proceed to ‘Next’ 🔹Now customer will get pop up message on screen where he/she needs to do verification by OTP received on mobile and email id 🔹Now customer need to complete Digi locker KYC. Click on check box to authenticate Aadhaar 🔹Customer will have to enter Aadhaar number to receive OTP on the mobile number 🔹Enter received OTP and proceed to next process 🔹Now customer need to enter PAN card number and click on fetch 🔹Now customer need to complete selfie KYC, choose device to take selfie 🔹Customer need to Capture selfie from the screen camera and submit Now customer need to fill basic details like father, mother name and marital status 🔹Now customer need to give bank details like IFSC, account number and select account type 🔹Now customer need to upload image of their signature 🔹Now customer need to attach income proof like bank statement/salary statement etc 🔹In next process customer need to select a plan (it will charge some amount for each plans) 🔹Now customer will have to eSign through Aadhaar number 🔹Customer will see NSDL window on the screen, simply enter Aadhaar number and click on send OTP 🔹Enter received OTP and verify 🔹Now customer’s account will be verified from the team and it will be activated within 1 tp 2 working days
പാൻ കാർഡിന് വേണ്ടി അപേക്ഷിക്കാനുള്ള പ്രക്രിയ വളരെ എളുപ്പമായതായി ആദായനികുതി വകുപ്പ് അറിയിച്ചിട്ടുണ്ട്. ആധാർ കാർഡും ഒരു രജിസ്റ്റേർഡ് മൊബൈൽ നമ്പറും സ്വന്തമായുള്ളവർക്ക് ആദായ നികുതി വകുപ്പിന്റെ ഔദ്യോഗിക വെബ്സൈറ്റിൽ നിന്ന് 10 മിനിറ്റിനുള്ളിൽ ഇ-പാൻ ഡൗൺലോഡ് ചെയ്യാം. ആധാർ കാർഡിലെ കെ വൈ സി വിവരങ്ങളുടെ അടിസ്ഥാനത്തിൽ ലഭിക്കുന്ന ഡിജിറ്റൽ പാൻ കാർഡ് ആണ് ഇ-പാൻ. സാധുവായ ആധാർ കാർഡ് ഉള്ളവർക്ക് മാത്രമേ ഈ സൗകര്യം ലഭിക്കുകയുള്ളൂ. പി ഡി എഫ് ഫോർമാറ്റിലാണ് ഇ-പാൻ കാർഡ് ലഭിക്കുക. പ്ലാസ്റ്റിക് അല്ലെങ്കിൽ കടലാസിന്റെ ഉപയോഗം ഇല്ലാത്തതിനാൽ പരിസ്ഥിതി സൗഹൃദപരം കൂടിയാണ് ഇ-പാൻ കാർഡ്
പാൻ കാർഡിന് എങ്ങനെ അപേക്ഷിക്കാം?
പാൻ കാർഡ് അപേക്ഷിക്കുന്ന തിനായി താഴെ കൊടുത്തിരിക്കുന്ന ലിങ്കിൽ ക്ലിക്ക് ചെയ്യുക
ഘട്ടം 1: നിങ്ങൾ പുതിയൊരു പേജിലെത്തും. അവിടെ ‘ഗെറ്റ് ന്യൂ ഇ-പാൻ കാർഡ്’ എന്ന ഹൈപ്പർലിങ്ക് കാണാം. അതിൽ ക്ലിക്ക് ചെയ്യുക. ഘട്ടം 2: പുതുതായി തുറന്നു വരുന്ന പേജിൽ നിങ്ങളുടെ ആധാർ നമ്പർ, മൊബൈൽ നമ്പർ, ജനനത്തീയതി എന്നിവ നൽകുക. ഈ വിവരങ്ങൾ സ്ഥിരീകരിക്കുന്നതിനായി നിങ്ങൾക്ക് ഒരു ഓ ടി പിയും ലഭിക്കും.
ഘട്ടം 3: ഈ വിവരങ്ങൾ സമർപ്പിക്കുന്നതിനായി ‘സബ്മിറ്റ്’ ബട്ടൺ ക്ലിക്ക് ചെയ്യുക.
ഇ-പാൻ കാർഡിന് നൽകിയ അപേക്ഷയുടെ സ്ഥിതി അറിയാനോ അത് ഡൗൺലോഡ് ചെയ്യാനോ ഈ ഘട്ടങ്ങൾ പിന്തുടരുക:
ഘട്ടം 1: വെബ്സൈറ്റിന്റെ ഹോം പേജിൽ നിന്ന് ഇ-പാനുമായി ബന്ധപ്പെട്ട ഓപ്ഷൻ തിരഞ്ഞെടുക്കുക.
ഘട്ടം 2: തുറന്നു വരുന്ന പേജിൽ നിന്ന് ‘ചെക്ക് സ്റ്റാറ്റസ്/ഡൗൺലോഡ് പാൻ’ എന്ന ലിങ്ക് ക്ലിക്ക് ചെയ്യുക.
ഘട്ടം 3: പുതിയ പേജിൽ ആധാർ നമ്പർ നൽകുക. രജിസ്റ്റർ ചെയ്ത മൊബൈൽ നമ്പറിൽ ലഭിക്കുന്ന ഓ ടി പി നൽകിയാൽ ഇ-പാൻ കാർഡിന്റെ നില അറിയാം.
ഘട്ടം 4: ഇ-പാൻ കാർഡ് പൂർത്തിയായാൽ അത് ഡൗൺലോഡ് ചെയ്യാൻ കഴിയും
NIYOX SAVINGS ACCOUNT IN PARTNERSHIP WITH EQUITAS SMALL FINANCE BANK
NiyoX is here to decode banking for you with an intuitive, easy-to-use app and a 2-in-1 Savings + Wealth account. Opening your digital savings account with NiyoX is fast, efficient, can be done from wherever you happen to be, and is 100% paperless. Banking with NiyoX is quick and easy since we’re here to make things simple, safe and smart and put you in charge of your finances.
Niyox 2-in-1 Savings and Wealth account is the perfect place to start if you’re looking to open a zero balance savings account. Why? Because with NiyoX you get best interest rates on savings and free online fund transfers. We offer you the financial trinity of ₹0 Account Maintenance Charges, 0% commission on Mutual Funds investment, and up to 7% interest p.a.* on your savings to add a touch of 007 to your finances. Niyox wealth offering, powered by Niyo Money, will help you get started on your investment journey so that your money works for you!
How NiyoX puts the ‘X’ in neobanking:
2-in-1 Savings and Wealth Account Virtual Debit Card that helps you start making online transactions as soon as you open your account Card locks and limits that help you control expenses via different payment channels (ATM, card swipes, online, international) Tap & Pay feature and ZERO Forex markup ‘Invest the Change’ feature that lets you save while you spend by investing your spare change Exclusive onboarding deals and regular rewards Wave feature that hides your account balance when you wave your hand over it to keep it safe from prying eyes In-app support and online Community forum to get answers and share feedback
Preparing the Best Financial Dish:
Prep time: Less than 10 minutes Difficulty: Easier than roasting papad Serves: As many as you want
Ingredients:
– Gen X User who wants simple digital banking – PAN – Aadhaar
Recipe for Online Savings Account Opening:
1. Click Here & Download the NiyoX App 2. Enter your phone number (should be the one linked to your Aadhaar) 3. Enter your PAN and Aadhaar number 4. Enter basic personal details 5. Easy management of finances is served
Benefits with your NiyoX Savings Account:
– ₹0 Balance Account – 0% Commission on Mutual Funds Investments – Up to 7% interest on your savings – Invest in domestic and international stocks and get useful mutual funds recommendations via Niyo Money – Auto-invest spare change every time you spend with ‘Invest the Change’ – ₹5,00,000 insurance for your funds by DICGC, a subsidiary of RBI – Choice of designs for a Platinum VISA Debit Card – Earn Equinox reward points every time you spend
Digital Banking Services with a human touch
Digitization has brought the entire world to our smartphones, so it’s only logical that your finances follow suit. Why should there be a need to go to a bank and wait in queues, carry a folder full of documents and fill out complicated paperwork when you can manage your finances from the comfort of your home? This is one of the pain points that NiyoX solves for the modern banker who should have everything at their disposal at a moment’s notice.
Although there is no physical branch, your money is always available for you and is kept secure in your Equitas Small Finance Bank account. If you need help, Niyox is always there to assist you and can be reached at the touch of a button. Niyox use strong encryption protocols to keep your funds safe.
Jupiter is zero balance savings account. Open Online. Earn 1% Rewards.
Jupiter is a 100% digital banking app designed to make managing money super easy. Open an account in 3 minutes. Earn 1% Rewards. Track all bank balances. Save for goals. Get help 24/7. It’s a zero balance savings account, offered in partnership with Federal Bank.
Why Jupiter?
✔ Earn 1% Rewards on your Debit Card & select UPI spends. ✔ Zero Balance Account, avoid hidden charges and maintenance fees ✔ Keep your money in an RBI-licensed bank (Federal Bank), with industry-grade security ✔ Control your VISA Debit Card from the app. Freeze or unfreeze with a tap ✔ Get lightning-fast Customer Support, 24/7. Get answers in-app, or connect to a human within minutes
Open your account in 3 minutes In 4 easy steps. No paperwork
→ Click here Open Your Account Jupiter Account Now → Download the Jupiter neobank app → Enter your Aadhaar-linked mobile number → Complete your KYC online
1% Rewards on Debit Card & select UPI Payments → Collect 1% Rewards on domestic spends → Your rewards are credited instantly & never expire → Redeem with a tap
Saving for your Goals with Pots! → Create Pots for your financial goals → Put in as much money as you want, whenever you like → Withdraw anytime. This neobank comes with no restrictions
Check Balance & Credit Score and Track your Loan & Spends → Track balances across multiple bank accounts from a single screen → See the breakdown of all your spends on Jupiter Account → Track your mutual funds, loans, and credit score in one place
Use one UPI with multiple bank accounts → Link all your bank accounts to Jupiter in an instant → Use your Jupiter UPI ID to pay from them → Send or receive money in Jupiter easily
Your money is safe with Jupiter → Your account is hosted in Federal Bank an RBI-licensed Bank → You get Bank-grade security that’s ISO and PCI compliant → Your money is insured up to ₹5,00,000 → All of that, with the convenience of neobanking
Go ahead, switch to a better banking experience. —————————— Who can use Jupiter? Any Indian citizen above the age of 18 can open a Jupiter Savings Account.
How is a Jupiter Bank Account different from other Bank Accounts? Jupiter offers 100% digital banking experience which is powered by Federal Bank. You can open your account online in minutes, without doing any paperwork. You get a sleek VISA Debit Card that can be controlled from the app. You can transfer money easily online via Bank transfers or UPI. You can even scan and pay at shops. Get rewarded for your spends, get insights on your purchases in real-time, and hit all your saving goals. Easily. It’s the smart new way to manage your money, without ever visiting a physical branch. Because why step out when you can do it all from your phone? 🙂
What’s the fee? Say goodbye to hidden or unnecessary charges. Jupiter is a zero balance account that comes with ZERO fees for signing up, ZERO Forex Fee, getting your Debit Card, opening or maintaining your savings account, or not maintaining a balance.
Which bank accounts can I track? HDFC Bank, Kotak Mahindra Bank, ICICI Bank, SBI, Axis Bank, Yes Bank, Bank of Baroda, PNB, Canara Bank, and CitiBank are supported. Add them on the app to track all balances on a single screen on Jupiter.
LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
As of 30 Sep 2021, it has a total AUM of Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
Key positive factors
LIC is a part insurance and part investment products company. Their plans are a combination of insurance and investment with a guaranteed return.
LIC has over 13.5 lakh agents who play brings most of the new business. LIC plans offer ‘fixed returns’ along with life insurance coverage. This makes it easy to sell by agents and brings peace of mind to the insurers.
LIC has high trust in the public for both life insurance as well as investment done with them. LIC is synonymous with insurance in India.
LIC manage asset of Rs 39 lakh crores. That is more money than the entire mutual fund industry combined. They invest these funds across stocks and bonds. They own 4% of all listed stocks in India and more government bonds than the RBI.
Leading insurance provider company in India and fifth largest global insurer by GWP.
A range of life insurance products to meet varied insurance needs of individuals.
Key challenges
LIC has poor new policy growth as they continue losing market share to private insurance players, especially in urban areas.
The margin in insurance + investment products is low.
It’s very difficult to value LIC as the business model is unlike any other company. LIC collects money upfront and then promises to compensate policyholders at a later stage. The premiums they collect (part insurance and part investment) cannot be recognized as revenue.
Fi Money Zero Balance Savings Account ( Partnership with Federal Bank)
The smart bank account for working professionals. Track spends, save, do more.
Open a Fi Savings Account online in under 5 mins! Use Fi’s cool features to get better with your money — track your expenses, organise your funds, maximise your savings & automate payments. You also get rewarded for saving🌟
Fi is a one-stop financial services app that comes with an in-built no-minimum-balance savings account! Some prefer calling it a ‘neobank’. Powered by cutting-edge tech, Fi helps you know your money, grow your money & organise your funds. It provides everything from hassle-free UPI Payments to a sleek VISA Debit Card with zero forex charges. Think of it as banking 2.0 for a generation of digital natives 👑
Upstox is one of India’s fastest-growing brokers. A fast, reliable and easy-to-use trading platform with paperless account opening. Open your Demat account now!
🔹Enter your Email Address, Mobile Number and request for OTP then click on Sign up to proceed. 🔹Enter PAN and Date of Birth to proceed 🔹In the ‘Tell us about yourself’ page, enter all necessary details as requested and click on Next to proceed 🔹Select ‘Equity’ in your trading preference and proceed to enter the Bank details 🔹Upload the signature on a blank paper, photo and share the location 🔹Proceed by confirming the email address and confirming that your mobile number is the same as the registered number for your Aadhaar Card 🔹Click on e-Sign Now and proceed with the OTP sent on your Aadhaar registered Mobile Number 🔹The application status will be submitted 🔹The customers UCC (Customer ID) will be created after 2-3 working days and will be ready to use