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Consumers will be drawn into the formal financial sector and will embrace the new opportunities if they find that by changing their behaviour and exerting efforts to get into the new world certain specific pains will disappear.

Financial literacy: A key to economic freedom

Three years ago, India launched a steroidal savings account revolution, the Jeevan Dhan Yojana.

27 Nov 2017 12:59 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Women's share in life biz, policies rising

In the last fiscal 2.86 crore life policies were sold with a first year premium of Rs 97,690 crore.

18 Dec 2019 2:09 AM IST

Representational Image. (Photo: Pixabay)

Majority of young adults lack financial literacy

Nearly a third of young adults were found to be financially unstable because they had poor financial understanding and...

27 Aug 2018 4:15 PM IST

Financial literacy seemingly engenders a greater perception for risk and enables those who have it to face off later-lifes dilemmas with ease. (Photo: Pixabay)

Understanding money reduces anxiety about old age

Financial literacy helps shape people's perception towards risk and uncertainty.

17 April 2017 9:37 PM IST