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Budget 2025: Introduce separate tax benefit for term insurance, increase health premium deduction limit, say top insurance officials
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Insurers also want FM Sitharaman to consider extending the additional Rs 50,000 tax exemption for NPS contributions to pension plans from life insurance companies too
2025-01-13
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Insurance in 2024: Higher life insurance surrender values, shorter moratorium period in health insurance and more
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The regulatory reform from IRDAI that attracted the maximum attention was the change in computation of surrender values and charges for endowment policyholders, but the regulator modified several other rules that directly affect retail life, health and general insurance policyholders.
2024-12-16
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This Raksha Bandhan, give more than cash: Gift your sister financial wisdom and investments
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Gift your sister a term deposit, a SIP in mutual funds, enrol her for a financial planning workshop or book an appointment with a financial adviser to make a personalised investment plan.
2024-08-19
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Health insurance: How to choose the best plan
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A recent report by Apollo Hospitals, one of India's leading healthcare groups, paints a grim picture of the nation's health. Released in April, the report dubbed India the “cancer capital of the world”, highlighting a worrying rise in cancer cases and other non-communicable diseases (NCDs).
2024-08-17
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Budget 2024: What’s cheaper and costlier? Here's the list
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The reduction in customs duties on gold and silver to 6% is expected to stimulate retail demand and help mitigate smuggling issues in the world's second-largest bullion consumer.
2024-07-23
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Budget 2024 Key Highlights: From capital gains, income tax changes to employment initiatives, here are the key takeaways
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Union Budget FY25: FM Nirmala Sitharaman presented the 2024-25 budget focusing on job creation and boosting consumption. Key highlights include capex at ₹11.11 lakh crore, tax rationalisation efforts, and schemes for employment, skilling, and women empowerment.
2024-07-23
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LIC maintains lead in Indian insurance market, eyes rural expansion
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With an eye on expansion, the management outlined plans to penetrate Tier-2, Tier-3, and rural areas, and to fortify its position against private competitors
2024-05-28
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LIC Q4 net profit rises marginally to Rs 13,762 cr, asset quality healthy; announces Rs 6 interim dividend
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LIC Q4: Its gross non-performing asset (GNPA) stood at 2.01 percent against 2.56 percent in the year-ago period The insurer announced an interim dividend of Rs 6 per share.
2024-05-28
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International Women's Day: Only 26% women are decision-makers when it comes to buying health insurance, finds Future Generali study
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International Women's Day: Compared to motor insurance, where over 50 percent women said they understood their policy benefits and clauses, only 32 percent were aware of their health insurance coverage details.
2024-03-08
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