• By The Life Insurance Corporation (LIC) told Parliament on Monday that it has unclaimed maturity amounts of Rs 880.93 crore for the year 2023–2024.
• 2024-12-17

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• By Policyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to offer a higher special surrender value (SSV) for traditional endowment policies from October 1, 2024. The new 'special surrender value' rule mandates higher refunds, offering flexibility to switch plans.
• 2024-09-30

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• By Most victims from Karnataka are educated professionals, particularly techies from Bengaluru, who were duped after being enticed by fraudsters with promises of high returns or IPO allocation. And this has been a trend across the country when it comes to fake broking apps.
• 2024-09-25

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• By 5 reasons health insurance claims get rejected
• 2024-09-16

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• By As per budget 2024 proposal you will now get a higher amount of payout from your life insurance policy as TDS rate has been reduced to 2%. “It is proposed that TDS under section 194DA of the Act be reduced from 5% to 2%” says explanatory memorandum of budget 2024.
• 2024-07-24

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• By The budget 2024 announced the removal of indexation benefit available on sale of property. Due to this many people who sell their property will now not be able to inflate their purchase price and reduce their capital gains.
• 2024-07-23

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• By No increase has been announced in the tax rebate under Section 87A of the Income-tax Act in the Budget 2024. Tax rebate under Section 87A makes tax payable zero if an individual's taxable income does not exceed the specified level.
• 2024-07-23

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• By The government-owned Life Insurance Corporation (LIC) is looking to foray into the health insurance sector, reports said on May 28. The insurer is currently assessing potential acquisition prospects.
• 2024-05-28

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• By The insurance regulator has made it compulsory for health insurance companies to reduce the maximum waiting period to get complete health insurance coverage in case of pre-existing diseases (PED) from 4 years to 3 years. The regulator modified the definition of pre-existing disease in its IRDAI (Insurance Products) Regulations, 2024, notified on April 1, 2024.
• 2024-04-17

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• By Insurance is one of the most effective ways to manage risks and secure assets; however, the insurance industry has been mainly susceptible to trust issues. Many people believe that insurers do not pay claims, but the data says otherwise; the industry has been paying claims and is bleeding.
• 2024-04-04

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• By The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus.
• 2024-03-19

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• By Life Insurance Corporation of India (LIC) launched a new unit-linked life insurance policy called LIC’s Index Plus this week. It is a non-participating, regular premium, individual life insurance plan which offers life insurance cover cum savings throughout the term of the policy.
• 2024-02-08

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• By The Central Board of Direct Taxes (CBDT) issued new guidelines on how tax-exempted maturity amount from a life insurance policy will be calculated in a financial year if the premium paid exceeds a specified level. As per the new guidelines, the maturity amount from life insurance policies bought on or after April 1, 2023, will not be fully tax-exempt.
• 2023-08-19

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• By LIC's Jeevan Azad is a non-linked, non-participating, individual, savings life insurance plan. This is a Limited Premium Endowment plan under which the Premium Payment Term (PPT) is equal to Policy Term minus 8 years.
• 2023-05-24

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• By The Covid-19 pandemic was a wake-up call for both health insurance companies and policyholders. While it exposed the vulnerabilities in the healthcare system, it also offered the regulator an opportunity to eliminate many lacunas and add new features that can offer enhanced and adequate protection to health insurance policy buyers.
• 2023-05-17

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• By Insurance is now being offered for what is called the ABCD illnesses. Depending on the stage or depending on how serious the disease is, they are offering day one cover, which basically means that right after you buy the policy,
• 2023-03-23

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• By "One has to be aware of the list of blacklisted hospitals. Second is the waiting period for specific illnesses. Third is the minimum time of hospitalization which is required for claiming a particular illness in your policy," says Ankit Agrawal, Founder & CEO, Insurance Dekho.
• 2023-02-16

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• By “If you are somebody who already has health insurance and are looking to bump up your cover at a very low cost, top up is a great option to go for. The detectable amount of that top up has to be equivalent to the sum insured that you already have,” says Siddharth Singhal, Business Head, Policybazaar.com
• 2023-01-05

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• By Irrespective of the insurer you buy a policy from, all health insurance plans have notable exclusions which you as a policyholder or buyer should be aware of. A careful scrutiny of such exclusions will save you from a nasty surprise later on.
• 2022-12-16

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• By Given the high inflation, especially in healthcare, many people who have a basic health insurance cover often consider buying a top-up plan. This is intended to ensure adequate financial protection even when medical expenses rise. However, will it work according to your plan? Not necessarily.
• 2022-11-22

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• By The nomination process is crucial to protect the interests of the insured’s family. However, just appointing one nominee shouldn’t be done by default as many do.
• 2022-05-18

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• By Today, health insurance is not just an option but a necessity that a person should inculcate in their habits. A good health insurance cover can help you and your family tide over a medical emergency with ease.
• 2022-02-28

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• By While buying a health insurance policy for protection against cancer here are the 12 factors you should consider
• 2022-01-28

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• By The Life Insurance Corporation (LIC) of India has introduced a new health insurance plan called Arogya Rakshak, which is a non-linked, non-participating, regular premium, individual health insurance plan.
• 2021-07-21

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• By When a bank fails, the only respite a depositor has is the insurance cover offered by the DICGC. This cover was raised to Rs 5 lakh from Rs 1 lakh, effective from February 4, 2020.
• 2021-05-28

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• By Industry experts say with state election results already announced the government will now take a decision on the rates.
• 2021-05-15

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• By Keeping in mind safety of its customers amid the second wave of the COVID-19 pandemic, state-run Life Insurance Corporation of India (LIC) Friday announced a slew of relaxations in claim settlement requirements, making the process easier and hassle free.
• 2021-05-07

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• By Finance Minister Nirmala Sitharaman on Tuesday raised the limit for tax exemption on interest earned on provident fund contribution by employees to Rs 5 lakh per annum in specified cases as against Rs 2.5 lakh proposed in the Budget.
• 2021-03-24

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• By NEW DELHI: Gold and silver futures fell on Monday as Turkey replaced its central bank governor with a high interest rate critic led to investors flocking towards the safety of the dollar, on fears that the move would threaten other financial markets.
• 2021-03-24

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• By MUMBAI: Indian banks have started pulling the plug on customers investing and trading in crypto assets as the spectre of government ban on cryptocurrency rises. The government recently said that it plans to introduce a law banning trade in all cryptocurrencies — except for those issued by the government itself.
• 2021-02-19

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• By The finance minister, Nirmala Sitharaman, has announced that in case a bank fails or withdrawals from the bank are stopped due to financial pressure on the bank, the depositors will be able to get immediate access to their deposits upto the deposit insurance amount of Rs 5 lakh, i.e.
• 2021-02-01

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• By This is the third time government has extended the deadline for taxpayers for whom the normal deadline is July 31. The government has also extended the date to submit the tax audit report to January 15, 2021. The last date of filing declaration under Vivad Se Vishwas Scheme has been extended to January 31, 2021.
• 2020-12-30

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• By Sort the paperwork and complete financial tasks without leaving any loose ends after the death of a family member. ET Wealth tells you about the documents needed to close accounts, transfer investments and make claims and the processes to complete these tasks.
• 2020-10-26

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• By Are Indians prepared for their retirement? Yet another survey result shows that they are not. Most participants of the survey said they did not have a retirement plan.
• 2020-10-24

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• By Barely one in five considers inflation while planning for retirement. Life insurance and bank FDs are top choices for those who plan for retirement, and this underlines the essential conservatism in most retirement plans.
• 2020-10-20

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• By Your very money traits and habits form the foundation for your children's money behaviour when they become adults. Find out about your money behaviour that may be causing stress in your children and how to stop yourself from doing so.
• 2020-10-12

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• By Borrowers who are facing salary cut/job loss due to the novel coronavirus pandemic situation and were looking for some reduction in their EMI burden will have to wait a little longer. However, no change in policy rates means good news for FDs investors as banks may go slow on cutting interest rates on FDs.
• 2020-10-09

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• By MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale
• 2020-08-24

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• By Mumbai: The RBI on Thursday said it will provide a debt resolution window to enable lenders to implement a resolution plan in respect of eligible corporate exposures as well as personal loans, keeping the ownership unchanged, and without classifying them as non-performing loans.
• 2020-08-07

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• By There is a saying – “Don’t put all your eggs in one basket”. Similarly, in your investments too there is a need for diversification through investment in different product categories.
• 2020-07-30

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• By It is not just financial literacy but also behavioural skills that are common to investors who grow their wealth consistently. Here are some habits to emulate.
• 2020-07-20

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• By Data available with Ace equity showed LIC betted on at least 25 penny stocks.
• 2020-07-03

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• By The extension has been done to provide further relief to the taxpayer individuals
• 2020-06-24

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• By Short-term deposit rates are now very close to or even less than what savings accounts offer.
• 2020-06-22

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• By Loan defaults are bad news for people who have stood as guarantors to loans taken by friends and relatives. Most people know that a guarantor is liable to pay if the borrower defaults on the loan repayment. There are other risks that the guarantor is exposed to.
• 2020-06-08

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• By Policymakers are worried that the number of Covid claims is only 8,500 with a claim amount of Rs 135 cr.
• 2020-06-06

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• By The government has extended various financial deadlines from March 31, 2020, to June 30, 2020.
• 2020-06-05

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• By The policyholders can send the maturity claims and survival benefit requirements by email. The mail should be sent to the servicing branch. Make sure that the mail ID is used only for sending the claim requirements and not for any other purpose.
• 2020-06-03

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• By The RBI bonds are attractive as they are currently offering a higher interest rate as compared to bank fixed deposits and other financial instruments offering an equal degree of safety.
• 2020-05-28

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• By The earlier deadline of three-month EMI moratorium was ending at May 31, 2020
• 2020-05-22

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• By “With this recent pandemic outbreak, the real estate sector is likely to be handicapped in the short term, impacting over 250 related industries and economic sectors."
• 2020-05-20

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• By Currently, an employee contributes 12% of his salary to the EPF account. The employer matches the contribution.
• 2020-05-14

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• By As per the announcement, "Due date for all income-tax return for FY 2019-20 will be extended from July 31 2020 and 31 October 31, 2020 to November 30, 2020 and tax audit from Sept ember 30, 2020 to 31st October 2020."
• 2020-05-13

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• By Industry body Nasscom is reviewing labour laws from WFH perspective and will submit a report next week.
• 2020-05-12

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• By Given below are five reasons why your EPF withdrawal claim can get rejected by the EPFO and what you should do to avoid the rejection of a claim.
• 2020-05-12

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• By "During this period of volatility in other asset classes, a large number of PPB bank account holders are moving their savings into fixed deposits during the ongoing lockdown," stated Paytm Payments Bank.
• 2020-05-08

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• By Times may seem bleak, but this too shall pass, and when it does, we will need to get ready for life to return to normalcy. Part of this normalcy will be finances, and for life to move on, it's crucial to make sure savings have not been eaten away through avoidable medical expenses.
• 2020-05-07

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• By Rent payment is one of the biggest monthly expenditures, especially for youngsters living away from parental homes. In the case of credit cards, accrual of interest gets tricky.
• 2020-05-07

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• By Tax will be deducted from the dividend at the time of payment by the company/mutual fund house if the total amount of dividend being paid to the individual during the financial year is more than Rs 5,000 at the rate of 10%.
• 2020-05-07

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• By RBI reasoned that the financial position of the bank is highly adverse and unsustainable. There is no concrete revival plan or proposal for merger with another bank. Credible commitment towards revival from the management is not visible, observed the central bank.
• 2020-05-02

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• By The extension will see some relaxations which will be regulated based on the spread of the virus in districts
• 2020-05-01

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• By Additionally, LIC settled 20.3 million maturity and money back claims and annuities over the financial year, it said while settling 750,000 death claims in this period.
• 2020-04-28

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• By Templeton has wound up $4.1 billion of debt funds after a liquidity crisis.
• 2020-04-25

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• By We are all in this together, so the ideal way is to stay transparent with your consumers about what your business is going through. Customers can empathize with companies facing a crisis, as long as the communication is transparent.
• 2020-04-25

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• By Total 78,000 homes or around 12% of total unsold residential inventory across top seven property markets in India as on March end are ready to move in apartments.
• 2020-04-24

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• By As per the chartered accountants, the deadline for employers to issue the TDS certificate i.e. Form 16 for FY2019-20 to employees has been extended to June 30, 2020, via the ordinance dated March 31, 2020.
• 2020-04-15

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• By A total of 16 death claims related to covid-19 processed till date, LIC said. All coronavirus deaths to be treated at par with other diseases for claim settlement. The insurer announced that it has announced five plans available online which customers can purchase from home during the lockdown.
• 2020-04-11

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• By The government has recently amended the EPF withdrawal rules which allow an EPF member to withdraw money in case of emergency due to COVID-19.
• 2020-04-09

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• By Asking customers to protect their financial details, Axis Bank said in an e-mail to customers said fraudsters have started a new modus operandi to gain access to banking details. Imposters may contact you to help postpone your EMI payments and request you to share OTP, CVV, password or PIN related to your banking accounts.
• 2020-04-09

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• By The IPO is a time-consuming thing, which is going to be there, says Vipin Anand.
• 2020-04-08

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• By At the stage of the passing of the Bill, the amendments originally proposed in the criteria determining 'residential status' in India of a person in the Finance Bill 2020 were relaxed. This change will directly impact the non-resident Indian.
• 2020-04-07

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• By This is SBI's eleventh consecutive cut in MCLR in FY 2019-20. Consequently, EMIs on eligible home loan accounts (linked to MCLR) will get cheaper by around Rs. 24.00 per 1 lakh on a 30-year loan.
• 2020-04-07

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• By Attrition has a significant financial implication, hence, SMEs should strive to keep their important people in place during these times. Benefits and incentives can be structured based upon the period of service to increase employee stickiness.
• 2020-04-07

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• By This is the largest ever health sector support from the Bank to India.
• 2020-04-03

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• By Experts believe that the mutual fund industry is already seeing redemption pressures.
• 2020-04-02

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• By RBI has allowed lending institutions to offer a moratorium on loan repayments.
• 2020-03-30

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• By The rate cut was warranted by disruptive force of coronavirus, the central bank said.
• 2020-03-27

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• By The FM announced a slew of measures to ease the burden on the poor who will be hit hard by the lockdown.
• 2020-03-26

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• By This will be applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,000 salary. Benefiting 4.8 crore employees the govt also amended EPFO regulations to allow workers under EPFO to draw up to 75% of their non-refundable advance or 3 months of wages, whichever is lower.
• 2020-03-26

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• By The FM announced that the Economic Task Force will soon announce an economic relief package.
• 2020-03-24

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• By Firms which have less than Rs 5 crore turnover will not have to pay interest, late fee or fine.
• 2020-03-24

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• By Govt has decided to tax only the income generated by NRIs from the biz in India, leaving their global incomes.
• 2020-03-24

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• By "In view of prevailing extraordinary circumstances in the country on account of Covid-19, LIC will give relaxation to its policyholders in payment of premiums due on inforce policies up to April 15, 2020, wherever customers are unable to deposit online or otherwise," the life insurer said in a statement.
• 2020-03-22

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• By Fed said it could increase bond-buying and use other tools to support market functioning.
• 2020-03-16

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• By Market sentiment further deteriorated after the number of coronavirus cases in the country rose.
• 2020-03-16

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• By Analysts were expecting the stock to list at around Rs 780-800 a piece.
• 2020-03-16

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• By The oil price crash is largely negative for India despite it depending heavily on imports
• 2020-03-09

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• By The vote for the emergency cut to a range of 1% to 1.25% was unanimous.
• 2020-03-04

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• By An individual having an inoperative PAN may face trouble in several financial transactions.
• 2020-03-02

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• By Pradhan Mantri Vaya Vandana Yojana pension scheme, meant for senior citizens, is available only till March 31.
• 2020-02-20

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• By For taxpayers who have an on-going home loan, the interest paid on such loans helpsthem to lower their tax liability in the existing income tax structure. However, under the new income tax regime proposed in Budget 2020, the interest paid on housing loan is not available for deduction for self-occupied houses. But for taxpayers who have rented out their house property, there is good news.
• 2020-02-13

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• By Government pensioners are required to submit their life certificate every year in the month of November to ensure that their pension is not stopped. The last date to submit life certificate to the pension disbursing bank is November 30 every year.
• 2020-02-01

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• By Section 80C is at the core of tax-savings for all categories of individuals. Whether the individual is a government employee, privately employed or for that matter working in an NGO, use the section 80C basket to save on tax.
• 2020-01-28

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• By Deduction under section 80C is a deduction from gross total income which can be claimed for investment in specified avenues, expenditures up till a specified limit. The existing maximum deduction available under this section is Rs 1.5 lakh, set in 2014.
• 2020-01-21

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• By The spread of financial literacy has made lay investors savvier than before. But some misplaced beliefs persist.
• 2020-01-13

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• By Staff need to submit proof to back-up their investment declarations. These are papers you need to gather.
• 2020-01-09

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• By Here are tax breaks you can claim on various incomes and expenditures under different sections of the Income-tax Act, 1961 that can reduce your tax outgo.
• 2020-01-09

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• By For the child, this age is a turning point as he typically leaves home for higher studies and takes baby steps towards independence, financial and otherwise. He becomes to conduct financial transactions and acquire assets.
• 2020-01-08

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• By Irdai has issued guidelines on standard individual health insurance, asking insurers to cover basic health needs.
• 2020-01-03

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• By Now, for those who are short of cash, they can opt to pay their Life Insurance Corp. of India (LIC) policy premiums using their credit card. This is especially useful for those last-minute tax-savers who do not have enough money in their bank a/c.
• 2019-12-04

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• By Now, for those who are short of cash, they can opt to pay their Life Insurance Corp. of India (LIC) policy premiums using their credit card. This is especially useful for those last-minute tax-savers who do not have enough money in their bank a/c.
• 2019-12-04

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• By The Working Group made various recommendations, after which it has been decided to work on the product design and draw up the proposed policy wordings, including the terms and conditions in plain language, keeping the large motor segment in mind.
• 2019-11-26

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• By Life insurers are required to show the details of individual and group death claims ratio on their websites separately. If they are showing a death claim ratio by clubbing the data for individual and group policies, they are violating IRDAI rules.
• 2019-11-21

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• By These companies are from across sectors such as paints, financials, cement, defence & pharma.
• 2019-11-19

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• By Aviva is facing proceedings under the IBC, for not meeting payment obligations to the Apeejay Group.
• 2019-11-11

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• By The rates of return mentioned in the benefit illustration are not the upper or lower limits of what you may get in reality. You may get even higher gross yield of more than 8 percent per annum or lower than 4 percent per annum on your investment.
• 2019-11-06

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• By With proposed draft, consumers can claim upto Rs 75,000. And anything above this limit would have to be assessed by an insurance surveyor.
• 2019-11-02

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• By Diwali, the festival of lights is celebrated by all as the occasion of homecoming of Lord Rama. Hence culturally it has been deemed auspicious to purchase a house at Diwali. A home is not just a structure, but also includes contents diligently acquired by the homeowner over the years.
• 2019-10-25

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• By Post office savings interest up to Rs 3,500 is exempt for single a/cs and up to Rs 7,000 for joint a/cs.
• 2019-10-24

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• By Adequacy of income is easily tested by the assets that you have accumulated. If you are 40 and the only assets you possess are the home you live in and the PF and tax saving investments you have done, you may not be doing enough.
• 2019-10-21

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• By Insurance is a way to ensure that you make provisions to face eventualities. You would do well to first incur that expense which protects you. Read on to know when health, motor and personal accident insurance are more needed than life cover.
• 2019-10-21

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• By The sum assured depends upon the income of the person and typically a maximum of up to 10 times the annual income is allowed as the sum assured.
• 2019-10-21

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• By The PMC Bank crisis saw a substantial portion of depositors’ money getting blocked with the bank. Many fear the worse is yet to come if the bank goes in for liquidation. So, how safe is your deposit in such a situation
• 2019-10-17

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• By The income tax laws classify the residential status of an individual into three categories, depending on the individual's stay in India in the relevant financial year as well as his/her stay in the previous years. Here is a look at these categories.
• 2019-10-16

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• By Till recently, health insurance policy premiums were only payable on annual basis.
• 2019-10-16

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• By LIC registered a business growth of 18 percent in September against last year, and a very robust 42 percent in the first half of the financial year between April and September, the latest data released by insurance regulators IRDAI showed.
• 2019-10-14

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• By The economic offences wing of Mumbai Police jaarrested Rakesh Wadhwan and his son Sarang Wadhwan, directors of HDIL.
• 2019-10-14

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• By It was in addition to a cumulative 110 bps rate cut that RBI has announced so far this year.
• 2019-10-04

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• By Starting today, all I-T notices, letters or other tax related correspondence will carry a unique number.
• 2019-10-01

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• By Gold makes sense for those who have no access to or no trust in the financial system, or expect to be in such a situation. It’s an alternate currency.
• 2019-10-01

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• By A 2017 report by EY, a global advisory firm, highlighted that 75% of households in India have income less than baseline treatment costs for early-stage cancer.
• 2019-09-30

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• By Understand the process before you dash off to renew a lapsed motor policy.
• 2019-09-30

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• By From October 1, 2019, any loan taken will be linked to any one of the 4 external benchmarks specified by RBI.
• 2019-09-06

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• By While children in India have been conditioned to support their parents in old age, times are changing. The rising number of nuclear families, higher cost of living and parents asserting their financial independence, means that the concept of kids as a retirement plan has taken a beating. So how should you support your parents after you have a family of your own?
• 2019-08-29

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• By The report says that the banks want to allow just one transaction per a certain period, say 12 hours.
• 2019-08-27

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• By Recently, CBDT had issued a circular according to which every income tax notice issued by the department will have a computer-generated Document Identification number.
• 2019-08-23

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• By Confused about how TDS is deducted from your salary? Here's everything you need to know about it
• 2019-08-01

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• By The finance minister says CAG’s comments on fiscal deficit are being looked into seriously.
• 2019-07-29

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• By Taxpayers are generally issued notices due to delay in filing income tax return (ITR), mis-calculation of LTCG gains from equity and so on. File your ITR using the correct tax return form to avoid getting notice of defective return.
• 2019-07-26

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• By Individuals now have to deduct tax at source in multiple situations.
• 2019-07-20

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• By No matter your age, work profile (salaried or consultant) or income level, these 9 easy questions will help you calculate the nest egg you need to build.
• 2019-07-06

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• By While the government's aim is to widen and deepen the tax base through these steps, it increases the financial accounting liability for individuals impacted by these rules.
• 2019-07-05

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• By There is asymmetrical information which often leads people to make health-related decisions, not in their best interests, said the survey.
• 2019-07-04

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• By To file ITR, you must first register yourself on the e-filing website of the income tax department.
• 2019-06-28

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• By Salary, FD interest income and TDS were earlier manually entered by the individual in the ITR-1 form.
• 2019-06-28

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• By Interest rates on small savings schemes is reset before each quarter and depends on government bond yields in the previous quarter.
• 2019-06-28

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• By The insurability of smokers is determined by the seriousness of pre-existing lifestyle diseases like diabetes and hypertension.
• 2019-06-26

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• By The due date of filing of income-tax return for AY 2019-20 is 31st July 2019 CBDT has extended the due date of filing of Form 24Q, i.e., TDS return in respect of salary for the financial year 2018-19 from May 31, 2019 to June 30, 2019. The due date has been extended considering the latest changes made by the tax department in Form 24Q .
• 2019-06-04

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• By It is important for one to be aware of when these proceeds are tax-free and when not, in order to take advantage of the tax benefit.
• 2019-05-28

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• By Most people think that retirement planning is a complicated affair and use it as an excuse to avoid this critical exercise. However, retirement planning is not difficult.
• 2019-05-20

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• By Mistakes in dealing with other related areas can in fact derail otherwise careful retirement planning.
• 2019-05-20

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• By What if your newly purchased car, which just got out from the showroom with insurance but without registration, met with an accident? The incident could set you back financially. There can be many questions which can come to your mind, for instance, will you be getting the insurance claim from the insurer? Is your car really insured without registration?
• 2019-05-03

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• By "The amount of deduction depends on the percentage of disability. The deduction claimed is fixed irrespective of the actual expenses."
• 2019-03-14

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• By The Married Women’s Property Act, 1874 protects the property of a wife if the proceeds of her husband’s life insurance policy is attached to pay for outstanding loans in the event of his death or bankruptcy.
• 2018-12-17

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• By ET Wealth decodes some of the lesser-known investments and expenditures that are eligible for tax breaks.
• 2018-12-17

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• By MUMBAI: LIC Chairman V.K. Sharma on Friday handed over a cheque of Rs 2,430 crore as dividend for financial year 2017-18 to Finance Minister Arun Jaitley.
• 2018-11-30

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• By Chronic diseases like Alzheimer's, Parkinson's, AIDs/HIV infection and Morbid obesity should be covered under medical cover if a person contracts such ailments after buying a health insurance policy, according to recommendations of a panel set up by Irdai.
• 2018-11-06

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• By The launch of LIC's annuity plan and rising interest rates have reignited interest in the space. The pension, general annuity and group fund assets under management (AUM) for LIC stand at Rs 6,06,017 crore, significantly higher than those of SBI Life, HDFC Life, and ICICI Prudential Life.
• 2018-10-22

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• By NEW DELHI: If you thought the painful correction seen in domestic equities over the past few days has wiped off all the froth, you may be in for surprise. Market veteran Saurabh Mukherjea, often cited as among the few analysts who had predicted the 2008 global financial crisis, says the India market has 10-15 per cent more downside before it reaches fair value.
• 2018-10-11

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• By NEW DELHI: The rupee hit yet another record low on Monday as it closed at an all-time low of 74.07 against dollar by falling 30 paise, following unabated foreign fund outflows. The local currency opened the day at lower at 73.96 against Friday's closing level of 73.77.
• 2018-10-08

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• By An over 4,600-point fall in BSE Sensex in just 25 sessions may be feeling like disaster! But wait, the worst is yet to come. At least one analyst is predicting a ‘perfect storm’ on Dalal Street in less than six weeks, and citing solid reasons too!
• 2018-10-05

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• By MUMBAI: A majority of millennials look at life insurance as a preferred financial instrument to invest in, to meet their financial goals, says a survey.
• 2018-10-03

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• By Net asset value, or NAV, of most equity funds witnessed a drop in September, as Dalal Street witnessed brisk selling in stocks amid soaring crude oil prices, falling rupee and rising bond yields.
• 2018-10-01

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• By Investors, who put money in equity mutual funds through systematic investment plans (SIPs) in the past one year, are sitting on losses because of the extended weakness in the stock market. Investors are losing money in 123 out of 147 actively managed equity schemes, as per data from Value Research. Small-cap funds have seen the highest fall followed followed by midcap funds and multicap funds.
• 2018-09-26

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• By NEW DELHI: The government has announced that Bank Of Baroda NSE 0.63 % , Vijaya Bank NSE 0.93 % and Dena Bank NSE -0.31 % will be merged into a single bank which will become India's third largest bank. The move follows top lender State Bank of India last year merging with itself five of its subsidiary banks and taking over Bharatiya Mahila Bank, a niche state-run lender for women.
• 2018-09-17

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• By HDFC Bank is 2018’s most valuable Indian brand followed by one of the country’s oldest brands, LIC.
• 2018-09-07

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• By You can file belated return for FY2017-18 by March 31, 2019, i.e., before the end of the current AY.
• 2018-09-03

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• By LIC is present in 14 countries through branch offices, wholly-owned subsidiaries and joint ventures in Fiji, Mauritius, England, Bahrain, Nepal, Sri Lanka, Singapore and Bangladesh, among others.
• 2018-08-31

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• By Indian rupee hit a record low of 70.07 a dollar on Tuesday. In its sharpest single-day fall since September 2013, the rupee had hit an all-time low of 69.93 on Monday despite the Reserve Bank of India's intervention as heavy sell-off in global currencies, including Turkish lira, fuelled demand for safe haven assets.
• 2018-08-14

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• By Frontline indices Sensex and Nifty scaled fresh lifetime peaks in the opening deals on Wednesday.
• 2018-08-09

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• By NEW DELHI: In line with market expectations, the monetary policy committee (MPC) of the Reserve Bank on Wednesday hiked repo rate by 25 basis points to 6.50 per cent in its third bi-monthly monetary policy review of 2018-19. Repurchase rate, or repo, is the rate at which the RBIlends money to commercial banks in the event of any shortfall of funds.
• 2018-08-01

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• By You just have a week left to file your income tax return (ITR). This year it becomes all the more important to file your return on time as you will be liable to pay a late fee for filing your ITR after the deadline of July 31, 2018 (unless the government extends it).
• 2018-07-25

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• By If you are avoiding financial planning due to complicated calculations, be it determining the future value of goals or life cover needed, here are the formulae and calculators that will ease your task, says ET wealth.
• 2018-07-23

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• By Is Rs 1 crore insurance cover sufficient to take care of your family's financial goals in case something untoward happens to you?
• 2018-07-23

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• By The deadline to file your income tax return (ITR) for FY 2017-18 is July, 31, 2018 (unless the government decides to extend it). By filing your return on time, along with certain benefits such as carry forward of losses, you will not have to pay a late filing penalty. Remember, if you file your ITR after the deadline you will have to pay late filing fees of up to Rs 10,000.
• 2018-07-17

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• By NEW DELHI: Over 200 stocks, including Ambuja Cements, Andhra Bank, Atlas Cycles (Haryana), Bank of India and BHEL hit 52-week lows on NSE during Monday's session.
• 2018-07-16

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• By NEW DELHI: The board of LIC, India's largest life insurer, on Monday approved the proposal to acquire a majority stake in IDBI BankNSE 1.15 %, ET Now reported.
• 2018-07-16

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• By Many taxpayers are not aware of some deductions.Read on to see how you can maximise your tax breaks.
• 2018-07-02

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• By LIC holds on an average 21.7 per cent in the consumer companies of the BSE 200, the second highest holding among all sectors after media.
• 2018-06-20

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• By ET Wealth reached out to financial planners to understand how much Indians need to save at various ages to ensure a comfortable retirement.
• 2018-06-10

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• By Borrowers who were hoping for respite from high interest rates will have to wait a little longer. In its bi-monthly monetary policy held on Wednesday, the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. With the announcement, the repo rate now stands at 6.25%. Along with this reserve repo rate has also been hiked to 6%.
• 2018-06-06

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• By Indian insurance companies lack the underwriting expertise to offer title insurance products.
• 2018-06-05

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• By To help with retirement savings, traditionally, in any country, there is a three-tier or three pillar retirement framework.
• 2018-05-31

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• By For budgeting, they have to take into account all costs related to child with special needs, including tutoring, transportation and therapies.
• 2018-05-28

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• By If you are a 25-year-old working woman, retirement planning is probably the least of your priorities. Yet, it should be the topmost. Not just because it’s a crucial goal but also because you are a woman.
• 2018-05-21

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• By Mutual funds may have gained currency after demonetisation, but most investors still look at mutual funds only as a short-term bet. According to an AMFI report, only 30.40 per cent investors in equity mutual funds stay invested for more than two years. This data is as on March 31, 2018. AMFI releases this report every quarter.
• 2018-05-07

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• By National insurer Life Insurance Corporation has registered a 13.46 per cent rise in first-year premium (FYP) income, collecting an all-time high income of Rs 1,34,551.68 crore in FY18, and ending the year with a market share of 69.40 per cent, the company said today.
• 2018-04-28

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• By Where there’s a will, there’s usually someone ready to contest it. Where there’s none, someone is ready to fight over the inheritance anyway.
• 2018-04-23

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• By India’s biggest domestic institutional investor Life Insurance Corporation (LIC) was on a major shopping spree on Dalal Street this March quarter, even as the broader market weakened thanks to a series on domestic as well as global headwinds.
• 2018-04-23

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• By A study of 1,000 senior citizens conducted by LendEDU in the US reveals the biggest regret among elders is not saving enough for retirement.
• 2018-04-16

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• By March 31, 2018 was the deadline to file income tax returns (ITR) for the financial year 2015-16 and 2016-17. In case you haven't filed your ITR for FYs 2015-16 and 2016-17, you cannot file a belated return anymore.
• 2018-04-07

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• By From tomorrow, a large number of Indians will see significant changes in their financial life. April 1 is the first day of the next financial year, 2018-19. The Budget proposals for the new financial year, announced on February 1, will come into force from tomorrow. Below are the key changes which are going to affect individuals as well as companies:
• 2018-03-31

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• By For many companies the last date that employees can submit their investment proofs, so that excess tax is not cut, is March 10. Those who miss this deadline will find that more tax is deducted at source (TDS) from their March salaries. However, if you are among those who have not yet provided your investment proofs, there is a way out.
• 2018-03-21

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• By Life insurance is a necessity for anyone who has financial dependents.
• 2018-03-14

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• By The primary purpose of having a life insurance cover is to help the surviving family members maintain the same standard of living after one's death. This would require adequate protection to the nominees so that they are financially secure even after the bread earner's death.
• 2018-03-08

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• By With so many car insurance companies around us, one has to wisely pick up the best policy that balances premiums against coverage.
• 2018-03-07

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• By NEW DELHI: Fag-end selling in domestic equity market wiped off nearly Rs 2 lakh crore in investor wealth on Tuesday. The BSE Sensex tanked 429.58 points, or 1.27 per cent, to 33,317.20, while NSE index Nifty50 plunged 109.60 points, or 1.06 per cent, to 10,249.
• 2018-03-06

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• By MUMBAI: The country’s largest lender State Bank of India shocked the Street when it reported a massive quarterly loss on the back of spike in provisions due to bad loan divergences and hardening of bond yields which led to treasury losses.
• 2018-02-09

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• By Budget 2018 has proposed to hike cess on income tax from 3% to 4% thereby increasing the tax payable by all categories of tax payers.
• 2018-02-01

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• By From a mind boggling 97.75 per cent as the highest tax rate and 11 tax slabs, to 30 per cent as the highest rate and three slabs, India and its taxpayers have come a long way since Independence.
• 2018-02-01

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• By Overall, LIC hiked its stake in 40 companies in Q3.
• 2018-01-25

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• By A limit for standard deduction was set at Rs 20,000 for those earning above Rs 5 lakh.
• 2018-01-25

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• By Bitcoin, the cryptocurrency that has become the craze all over the world, is a hit with a lot of Indians too. More than $3.5 billion worth of transactions in the cryptocurrency have been conducted in India over a 17-month period, according to the income tax department.
• 2018-01-20

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• By MUMBAI: Reforms like the Rera and GST and also the note-bank impact led to a steep decline in home launches in 2017, which plunged a full 78 per cent, say a survey.
• 2018-01-10

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• By Make a resolution this year to improve your spending habits and save more.
• 2018-01-01

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• By Also, insurers are asked to ensure the easy availability of Motor TP Insurance and in no case can a request for a TP cover be denied.
• 2018-01-01

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• By MUMBAI: State-owned Life Insurance Corporation (LIC) today launched 'LIC's Jeevan Shiromani', a non-linked, with profit, limited premium payment money back life insurance plan especially designed for the high net-worth individuals segment.
• 2017-12-19

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• By You have finally bought a term insurance plan to secure your family's future in case something happens to you. You have also covered the entire family with a comprehensive health plan to take care of their medical expenses. But have you prepared yourself for the worst?
• 2017-12-14

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• By Punjab and Haryana high court has ruled that if a vehicle registered and insured in India meets with an accident in another country, the insurance company would be liable to pay the claim.
• 2017-12-03

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• By LIC has seen massive inflows into this product, which offers returns that are half a percentage points more than the 10-year government securities.
• 2017-11-29

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• By Country’s biggest institutional investor Life Insurance Corporation of India (LIC) has been busy through this year booking humongous profits on its equity portfolio.
• 2017-11-29

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• By Jeevan Akshay VI is a debt product and suits conservative investors looking for predictable returns for their entire lifetime.
• 2017-11-29

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• By NEW DELHI: Retirement fund body EPFO may lower interest rate on provident fund deposits this fiscal compared to 8.65 per cent provided to its 4.5 crore members for 2016-17, a labour ministry official said.
• 2017-11-26

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• By NEW DELHI: In a major disinvestment initiative that follows New Delhi’s decision to dilute its Air India ownership, the Centre is considering a proposal to put on the block about 30,000 km of Indian Railways power lines, potentially fetching the national transporter Rs 1 crore for each kilometre of infrastructure.
• 2017-11-22

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• By UIDAI instructed implementation agencies to work out a mechanism to verify if those NRIs and PIOs are actually what they claim they are.
• 2017-11-17

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• By The first-year premium, or premium earned by selling new policies by state-run LIC grew by 24.2 per cent to Rs 77,978 crore from bulk of business written in group and single premium space.
• 2017-11-13

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• By One way NRIs can avoid the high TDS is by being the second holder in joint investments.
• 2017-11-06

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• By Read the offer documents carefully There is a reason why ads for financial products come with the disclaimer that you should read the offer documents carefully before investing. One product that many people invest in without giving proper thought is the National Pension System (NPS). The tax savings offered by the scheme seem so attractive that people ignore all other aspects.
• 2017-11-01

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• By There are only few who are educated about the importance of financially protecting their dependents when they are no more available or are incapable of providing for the dependents.
• 2017-10-27

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• By India’s pension system is ranked 28 out of the 30 countries, highlighting the inadequacy of the nation’s retirement program in the world’s second most populous nation.
• 2017-10-25

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• By The country’s largest institutional investor has just gone light on most bank stocks and top metal firms, shifting its focus to what appeared to be the rural theme and the FMCG sector.
• 2017-10-24

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• By NEW DELHI: The Income Tax Department has launched an 'online chat' service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues.
• 2017-10-23

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• By NEW DELHI: There is relief on the way for mobile phone users, particularly senior citizens, facing difficulties in complying with the Supreme Court's order linking Aadhaar with mobiles as proxy authorisation may soon be permitted for the purpose.
• 2017-10-11

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• By A health insurance policyholder pays his annual premiums diligently with the hope that in case of hospitalisation, the insurance company will bear the costs up to the limit of the policy's sum insured amount. As part of the contract, the insurance company is liable to pay the claim to the hospital on behalf of the insured.
• 2017-10-11

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• By The government has insisted on quoting Aadhaar for bank deposits, obtaining mobile phone and several other utilities to weed out benami deals and black money.
• 2017-10-06

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• By LIC's surplus payout to government up 15.8% at Rs 2,207 crore in FY17
• 2017-09-29

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• By Once you've filed your income tax return and verified it, the Income Tax (I-T) Department starts processing your return. Refund, if any is due, is issued only after processing is complete. Normally, after verification the 'status' of your ITR would be 'Successfully Verified' or 'Successfully e-Verified'. After processing is complete, the status would be 'ITR Processed'.
• 2017-09-28

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• By NEW DELHI: Life Insurance Corporation of India (LIC), country’s largest institutional investor, has pumped in Rs 29,000 crore in equity markets in the ongoing financial year so far, according to a report by ET Now. Investments of LIC in equities to be around Rs 50,000 crore in FY18, according to sources. LIC also expected to surpass Rs 20,000 crore profits booked in last fiscal.
• 2017-09-25

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• By To maintain uniformity in the industry, life insurers can now only publish annual figures of death claims paid ratios based on the number of policies.
• 2017-09-22

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• By In an unusual move, the Insurance Regulatory Authority of India (Irdai) has asked LIC to review the return on its flagship immediate annuity product Jeevan Akshay, because it is too high. The regulator wants the insurance company to ensure that returns are in line with yield on LIC’s investments.
• 2017-09-18

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• By Life Insurance Corporation of India (LIC) might be one of the country's smartest domestic institutional investors. The stock portfolio of the public sector insurer, which is also the country's largest institutional investor, has outperformed the benchmark index in the last three years as well as in the current calendar year by a wide margin.
• 2017-09-12

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• By Although 73%of families in India have financial assets like cash, bank accounts and pension accounts, but they hold very small amounts adding up to just 5% of total wealth.
• 2017-09-07

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• By In 2015, 2 crore e-returns were received. This meant that 23 lakh additional tax payers filed returns in 2016.
• 2017-08-19

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• By Comparatively, all the 24 life insurers in the country had earned Rs 13,854.44 crore as insurance premium from new business in July 2016.
• 2017-08-15

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• By The dollar index, which measures the greenback's value against a basket of six major currencies, rose about 0.20 per cent to 92.87.
• 2017-08-04

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• By NEW DELHI: The last date for filing income-tax returns this year has been extended to August 5. The original deadline for filing income tax returns for FY 2016-17 (AY 2017-18) was July 31, 2017. The extension is a welcome relief for a large number of tax payers struggling to meet the deadline in the face of various problems.
• 2017-07-31

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• By LIC made a profit of Rs 6,100 crore in the April- June quarter through sale of equities from Rs 2,489 crore in the year-ago period.
• 2017-07-29

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• By ET digs deep into whole-life products and finds out who should buy it.
• 2017-07-21

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• By The policyholders looking to register for online services will now have to either provide PAN or Aadhaar number.
• 2017-07-14

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• By It is not necessary that you take insurance from the same insurer with whom you were insured abroad
• 2017-07-10

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• By India's biggest tax reform formally launched
• 2017-07-01

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• By Now that Goods and Services Tax (GST) has come into force, business people have made a beeline for chartered accountants due to the complex nature of the new tax regime. Often, even the CAs cannot answer a query immediately.
• 2017-07-01

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• By “There is no need for any panic. PAN will not become invalid after June 30,” Sushil Chandra, chairman of Central Board of Direct Taxes (CBDT) told.
• 2017-06-30

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• By The insurance behemoth bought 38.67 per cent of shares put on the block via QIP by the country's largest bank earlier this month
• 2017-06-19

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• By MUMBAI: The Life Insurance Corporation(LIC) has pulled off a record claim performance by settling 99.92 per cent of death claims in 2016-17 as against industry average of 95 per cent
• 2017-06-11

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• By Life insurance industry saw 17.78 per cent increase in asset under management during the financial year 2016-17, aided the good growth in the equity market and inflows post demonetisation.
• 2017-06-06

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• By All cash withdrawals through ATM-by customers of its mobile wallet State Bank Buddy-will now be charged at Rs 25 per transaction.
• 2017-06-01

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• By As of March 31, 2017, LIC was holding nearly 197 crore worth of ITC shares, with a market value of Rs 55,668 crore.
• 2017-05-31

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• By Healthcare costs are rising as treatment protocol has become more sophisticated and the cost of medicines has gone up. Instead of increasing sum insured annually, it is advisable to opt for a health plan with comprehensive coverage of Rs 10-15 lakh
• 2017-05-30

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• By The savings gap resembles the amount of money required in each country (including contributions from governments, individuals and employers) to provide each person with a retirement income equal to 70 per cent of their pre-retirement income.
• 2017-05-26

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• By It seems most of the key holdings in LIC's portfolio delivered handsome returns during the year.
• 2017-05-24

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• By Insurance behemoth Life Insurance Corporation (LIC) of India earned a total investment income of Rs 1,80,117 crore during the financial year 2016-17.
• 2017-05-21

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• By Due to higher profits, LIC to pay 40 per cent higher bonuses to the govt and its customers.
• 2017-05-18

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• By The continuing rally in the markets has had the nation's largest financial investor LIC booking a whopping 72 per cent more profit at Rs 19,000 crore from its equity play in FY17.
• 2017-05-16

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• By Arriving at the amount of life insurance cover needed is not rocket science. You must stay logical and follow the steps.
• 2017-05-14

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• By MUMBAI: In line with a spectacular rally in equities, the rupee today surged by another 15 paise to close near a fresh 21-month high of 64.11, the third straight session of gains, energised by positive global cues.
• 2017-04-26

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• By Everyone knows that starting a Systematic Investment Plan (SIP) in an equity mutual fund scheme is the best way to achieve long-term financial goals. However, the strategy is likely to be tested in the coming days if the market scales new highs every week as some experts are predicting.
• 2017-04-19

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• By According to the latest data collated by the Life Insurance Council, new business premium for the industry was at Rs 1.75 lakh crore in FY17, up from Rs 1.35 lakh crore in the previous financial year.
• 2017-04-18

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• By Due to higher profits, LIC to pay 40 per cent higher bonuses to the govt and its customers.
• 2017-04-18

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• By Once details are entered and submitted, an authentication pin is sent to the registered mobile to complete the registration process.
• 2017-04-17

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• By Insurance behemoth LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure that NPAs are kept at the minimum.
• 2017-04-14

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• By State oil companies today confirmed their plan to review rates daily.
• 2017-04-13

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• By For as long as anyone can remember, producing fake property rent receipt, often from parents and relatives, has been an easy way to lower tax burden. Such cavalier disregard for tax rule was overlooked by most employers as well as taxman, who possibly felt it was a minor transgression. Perhaps, not anymore.
• 2017-04-05

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• By To begin with, LIC plans to provide PoS machines to about 1.5 lakh agents that would be ramped up in the future, the official added.
• 2017-02-28

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• By The new business income performance for the nine month period ended December 2016 saw an impressive increase of 40.11% in first year premium.
• 2017-02-27

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• By NEW DELHI: Life Insurance Corporation of India (LIC), which holds roughly 5 per cent stake worth $66 billion in the BSE200 companies, was seen booking profits in state-run GAILBSE -0.35 %, SBI, HPCLBSE 3.21 %, IOCBSE -1.16 % and Indraprastha GasBSE -0.14 %
• 2017-02-25

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• By Consolidation in state-run companies is being explored across all sectors. In insurance, it is necessary that we have presence of staterun entities as they serve the larger purpose of financial inclusion and also to ensure there is there is enough competition," he said.
• 2017-02-23

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• By According to the data from the insurance regulator, during the first 10 months of the financial year, the industry earned premium income of Rs 1.04 lakh crore, a growth of 32 per cent from Rs 78,709 crore in April-January of the previous year.
• 2017-02-17

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• By Lloyd's of London is the most revered name in global insurance. It doesn't like controls like any dyed in the wool financial services giant from the capitalist world. But when it comes to India, it is willing to take what's on offer from the government and do business even if it means kicking and screaming.
• 2017-01-25

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• By The situation was similar in 2012-13, when the total number of vehicles, including two-wheelers, cars and heavy vehicles, registered in the country stood at 15 crore, of which only 6.02 crore were insured.
• 2017-01-24

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• By Varishtha Pension Bima Yojana 2017 is a part of government's commitment for financial inclusion and social security.
• 2017-01-24

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• By On scrutiny of the documents pertaining to the observation, it is found that the employees of the brokers were sponsored for foreign trips in the name of training, Irdai said in its order.
• 2017-01-11

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• By
• 2017-01-05

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• By
• 2017-01-03

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• By
• 2016-12-30

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• By A taxpayer can maximize tax benefit under section 80D to a total of Rs 55,000 if his age is below 60 while parents age is above 60.
• 2016-12-30

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• By Life insurers' new premium collection more than doubled at Rs 16,061.40 crore in November, marking the fastest pace of growth in a month this fiscal so far.
• 2016-12-14

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• By
• 2016-12-12

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• By Renewal premium of policies, where grace period ends between November 9 and 30, can now be paid without penal interest if payment is made before November 30, LIC said.
• 2016-11-16

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• By All life insurers will flash on their homepage of their websites, the public notice issued by the Insurance Regulatory and Development Authority of India.
• 2016-11-08

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• By MUMBAI: Life Insurance Corporation, the biggest Indian institutional investor, may be the second biggest owner of stakes in Tata Group companies valued at about Rs 35,000 crore, but the overall ownership has fallen during the time of Cyrus Mistry at the helm. Data shows that LIC reduced holding in Tata Chemicals, Tata Steel, Tata SpongeBSE -0.36 % and other companies.
• 2016-11-02

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• By Amidst rising worries about the plunging value of Tata Group companies after Cyrus Mistry was shown the door earlier in the week, interim chairman Ratan Tata today met V K Sharma, the acting chairman of LIC which is one of the major investors in Tata companies.
• 2016-10-27

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• By Insurance regulator has put a spoke in the Life Insurance Corp’s bid to buy out SUUTI’s stake in engineering firm Larsen & Toubro and cigarette maker ITCBSE -0.31 % where it is already the single largest stakeholder possibly to ensure that its board takes responsibility for the risk it would be taking, said two people familiar with the development.
• 2016-10-27

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• By LIC Mutual Fund Asset Management Company today announced its tie-up with Karnataka BankBSE 1.33 % for distribution of its mutual fund products. The AMC will now be able to carry its distribution through more than 730 branches of the bank.
• 2016-09-29

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• By The government has replaced SK Roy as chairman of state-owned Life Insurance Corporation of India with Managing Director VK Sharma The change was announced late on Friday. The finance ministry is said to have initiated a departmental enquiry against Roy, allegedly over investments made by LIC in real estate firm Unitech in 2008-09.
• 2016-09-17

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