The survey, based on responses from over 23,000 respondents, also shows a 43% increase in the number of women purchasing individual coverage
From next year, only the nominated members will be able to withdraw the EPF savings in the event of subscribers' sudden demise.
All hospitals, nursing units, dispensaries and COVID care centres will be able to accept cash over Rs 2 lakh from the patient's family. The exemption will be applicable on all transactions between April 1 and May 31
The report also looks into the strongest insurance brands. The list is led by Italy's Poste Italiane, followed by Spain's Mapfre, and India's LIC
Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been incorporated in the forms, CBDT said in the notification for the new ITR forms
Following the cancellation of its licence, The Karad Janata Sahakari Bank has been prohibited from conducting the business of 'banking' which includes acceptance of deposits and repayment of deposits with immediate effect
The new interest rates for small savings schemes will remain in effect for the first quarter of financial year 2020-21, that is from April 1, 2020 to June 30, 2020
While the government divests its stake in LIC, it should also shoulder the responsibility of creating other huge profit-making companies with large market capitalisation, whose reserves can support the Indian economy for key investments and in times of distress as well
If the gift amount is significant, chances are you will end up paying the highest tax rate of 30 per cent on your gift
To find the accurate life insurance cover, experts suggest finding out Human Life Value (HLV) considering all aspects of the earning person and dependents
An ITR return needs to be verified within 120 days of filing of tax return.
When it comes to life insurance policies, most customers invest significant amount of time and effort in researching online, meeting prospective sellers, and deliberating upon the various products to decide the most suitable offering.
Before you select your insurance policy, go through these 9 situations that can put your insurance claim in jeopardy.
Financial Planning is a concept most of us are not aliens to but it's still essential for us to teach children essential money lessons early in life which will hold them in good stead in the future. Let's take a look at 10 key values that you should pass on to your kids.
In a major relief to those who still haven't linked their Aadhaar cards with bank accounts and mobile numbers, the Supreme Court on Tuesday extended the deadline from March 31 indefinitely till the final judgement in the controversial case.
India has been ranked sixth in the list of wealthiest countries with total wealth of USD 8,230 billion, while the United States topped the chart, says a report.
If whispers are to be believed, the coming Budget will be Finance Minister Arun Jaitley's most populist one yet. He is widely expected to hike the personal income tax exemption limit-and some are optimistically predicting that the ceiling will be pushed up to Rs 5 lakh-so India waits with bated breath.
The Finance Ministry today clarified that the government was not closing 8 per cent saving bonds but replacing it with 7.75 per cent Savings Scheme. The clarification comes a day after the Ministry announced that it would stop the subscription for Savings (Taxable) Bonds from January 2.
Have you been finding it difficult to link your mobile with Aadhaar for the sheer hassle of making a visit to the mobile service provider due to time constraints? If yes, here's some good news from you.
It has now become mandatory to link your insurance policies with Aadhaar, and the deadline to do so is December 31, 2017.
When you download UMANG app, it asks you to link your Aadhaar with the app. Currently, this is optional and you can use UMANG app without seeding in your Aadhaar in it.
The government will soon notify a new threshold for the value of transactions in gold, silver and precious stones such as diamonds which have to be reported to the authorities in order to check the diversion of black money into bullion, Revenue Secretary Hasmukh Adhia said.
It's no brainer that an adequate life insurance is must for a family's protection in case of an untoward event with the breadwinner. But what if the same proceeds are claimed by the creditors and your family doesn't get a single penny out of it when it needs the most. This can happen in a situation where one has a home loan running or a business that has piled up debts.
Tax payers who were supposed to file their income tax returns by September 30 now have some more time on their hands. The government has extended the deadline to file income tax returns for such tax payers until October 31.
The government may soon make Aadhaar mandatory for buying shares and mutual funds, the Economic Times reported today. The move is aimed to tighten the loopholes that some unscrupulous investors exploit and make money by converting black income into white through the stock market.
There are hosts of insurance products available to meet such needs. Equally important is the amount of sum assured. Unlike developed countries, most Indian don't pay much attention to having an adequate insurance cover.
Finance Minister Arun Jaitley will launch a pension scheme for elderly with 8 per cent fixed rate of interest on their savings on Friday. This pension scheme will be exempt from both service tax and Goods and Services Tax, reports suggest.
