SWP: Systematic Withdrawal Plan is a popular way of withdrawing a monthly pension from a mutual fund after investing a lump sum amount. One can get a monthly income and their fund will still increase if they use SWP smartly. For that, their rate of return should be higher than their rate of withdrawal. Some of the top SWP funds have given annualised returns of 17.13 per cent return.
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The Insurance Regulatory and Development Authority of India (IRDAI) has lifted the age limit for purchasing health insurance policies for elderly citizens, even above 65 years of age. Before, there was an age limit of 65 years for people to buy new health insurance policies, but with this move, IRDAI is focused on providing security.
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The Reserve Bank of India (RBI), on April 23, said that based on a review the central bank has decided that it is not necessary to activate countercyclical buffer at this point. "Based on review and empirical analysis of CCyB indicators, it has been decided that it is not necessary to activate CCyB at this point in time," said RBI.
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