Richa, a 35-year-old professional, purchased health insurance with a low premium, intentionally failing to disclose her smoking habits and pre-existing heart condition to keep costs down. However, when she required urgent heart surgery a few months later, her insurance claim for the expenses was denied after the company discovered her undisclosed medical conditions during their investigation.
Learn MoreKnow about Health Insurance Policy, its types, benefits and factors to consider while buying the Best Health Insurance Policy
Learn MoreA person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.
Learn MoreThis blog post explores 10 potential problems you could face without health insurance. Continue reading to learn how to protect yourself and your family from the risks of being uninsured.
Learn MoreThe scale of this massive outstanding amount is much higher than the budgets of many central government ministries Unclaimed amounts include settled claims which haven’t been paid out, sums which become due when policies mature as well as excess amounts paid which are to be refunded
Learn MoreAt 89%, the survey revealed the highest number of respondents willing to renew their health cover belong to tier-2 cities, compared to 77% from tier-1.
Learn MorePersonal health insurance serves as a financial umbrella for the insured person, and in this case, it's your mother.
Learn MoreIndia’s largest life insurer’s assets at $463 bn; The 65-yr-old insurance behemoth’s AUM accounts for 18% of India’s GDP
Learn MoreFailure to comply with the deadline may create inconvenience for the defaulters.
Learn MoreWith the financial year coming to an end on March 31, many taxpayers would now be looking at ways to save taxes. In the old taxation regime, there is an option to enjoy tax exemption, which is not there for taxpayers in the new taxation regime.With the financial year coming to an end on March 31, many taxpayers would now be looking at ways to save taxes.
Learn MoreWith India’s average age of less than 25 years, retirement might seem far away. However, with a rise in average standard and cost of living, medical inflation, etc. retirement is a phase that needs careful planning and precision so as to ensure that there is no compromise on the overall post-retirement lifestyle and expenses.
Learn MoreIndian income tax rules provide a lot of opportunities to reduce your taxable income. However, most taxpayers know and take advantage of ₹ 1.5 lakh deduction available under Section 80C.
Learn MoreLIC’s Jeevan Akshay-VII, Life Insurance Corporation of India: This is a very popular plan among pensioners and national pension system subscribers. LIC has set certain conditions for investment in this pension-relieving policy.
Learn MoreMumbai: Life Insurance Corporation of India, India's largest life insurer, continues to give outstanding performance even in times of business distress. LIC's resilient and quick response in meeting the expectations of the market and the people of the nation has brought it exemplary results in the current financial year.
Learn MoreAll of the banks in the country offer an interest rate for daily balances maintained in the savings account. Some banks like State Bank of India offer an interest rate of just 3 per cent, while banks like IDFC First Bank offer an interest rate of as much as 7 per cent. We all know that the interest on bank fixed deposits is taxable
Learn MoreWe all know how much you love LIC and our articles on LIC policies. Today we are telling you about such a policy that you will have to give only 1 instalment and you will get income every month after retirement. The policy is called LIC Jeevan shanti. Let us tell you about this policy in detail.
Learn MoreMany corporate health plans have the room-rent capping and the co-payment clauses, both of which can cause you to shell out money from your bank account for medical care facilities. Read on to know more.
Learn MoreFor most young couples, a big milestone in life is starting a family. If you too fall into this category, you’ll agree that with the arrival of a child, there are many wonderful things that new parents have to look forward to. From seeing the child take first steps and listening to the child’s first words to preparing them for their first day at school.
Learn MoreAmid the worldwide COVID-19 crisis, many non-resident Indians (NRIs) lost their jobs. Especially those engaged in the service sectors like hospitality, travel or other client-facing businesses have seen pay cuts and layoffs in India as well. News reports suggest that many of these non-resident Indians (NRIs) had decided to move to India for good.
Learn MoreIRDAI forthcoming decision will also include continuation of cover, Standard Fire and Special Perils Policy(commonly known as property policy)- by the general insurers to the ``unoccupied properties’’.for more than one month
Learn MoreDear Policyholders, we are committed to your safety and wellbeing. The whole nation is fighting Corona Virus COVID-19. Under these challenging circumstances, team LIC assures you that we are doing our best to ensure that critical policy services remain unaffected and you get your due payments on time.
Learn MoreThe term insurance market in general has seen the premiums going down in the past few years due to competition
Learn MoreEven as awareness for insurance has increased in the country over the last one year, urban India continues to feel financially insecure, according to a survey. Max Life Insurance Company (Max Life) on Wednesday unveiled the findings of the second edition of its flagship survey 'Max Life India Protection Quotient' 2.0 in association with KANTAR.
Learn MoreThe 10-year US Treasury yield, which is taken as the notional "risk-free" benchmark rate for financial transactions across the world, dropped below 1% for the first time on Tuesday. This came after Federal Reserve slashed interest rate by 50 bps in an emergency move to limit the coronavirus impact. The benchmark 10-year Indian bond yield dropped 8 bps to 6.26%.
Learn MoreWe all have experienced the usage and importance of PAN (Permanent Account Number) in our practical lives. PAN is an essential document in filing for income tax returns and to undertake any kind of financial transactions. Every PAN card issued and number allotted to individuals is valid for a lifetime.
Learn MoreAccording to the new change, any disease that a policyholder gets diagnosed with within the first three months of taking a health insurance policy will no longer be considered as a pre-existing disease.
Learn Moreक्रेंद सरकार ने बजट में एक बड़ी घोषणा की है। इसका असर हाई सैलरी वाले कर्मचारियों पर पड़ने वाला है। वित्त मंत्री निर्मला सीतारमण के प्रस्ताव के मुताबिक, तीन निवेश स्कीमें EPF, नैशनल पेंशन स्कीम (NPS) तथा रिटायरमेंट फंड अब टैक्स के दायरे में आ सकते हैं, क्योंकि इसमें निवेश की 7.5 लाख रुपये की अधिकतम सीमा तय कर दी गई है।
Learn MoreLife Insurance Corporation of India (LIC), India’s largest life insurer, continues to better its performance, thereby winning people’s trust by crossing Rs 1.5 lakh crore new business premium first time in its history and maintaining dominant leadership in this sector.
Learn MoreToday, many of you might be looking at retirement from a different perspective. Gone are the days when Indians preferred sitting back at home to relax after retirement. As a new-age retiree, you might aim to achieve to fulfil your life goals such as traveling, pursuing new sports activities, and so on.
Learn MoreAs an NRI, a bunch of questions about life insurance policy must be bouncing in your head. Your brain will appreciate quick answers, so, here we go:
Learn MoreEarlier, the Irdai had asked insurers to withdraw products by November 30 and to come up with the revised products from December 1.
Learn MoreLIC’s market share stood at 78 per cent in number of policies for the month of October 2019, said a senior official.
Learn MoreCatering to the needs of millennial life requires a significant amount of disposable income. With corporate CTCs however, what you get is not always what you take home. We look at some tax-saving provisions that will help augment your take-home pay.
Learn MoreCar insurance is a highly useful product that will protect your vehicle against damages due to an accident and also mitigate the various costs you will incur like treating your personal injuries and compensating the third party affected. There are a large number of car insurance packages to choose from.
Learn MoreIf you are planning to travel outside India anytime in the near future, it is advisable to get a proper travel insurance cover to protect yourself from any unfortunate incidents that could take place on your holiday or business trip.
Learn MoreImagine a bank that pays negative interest. In this upside-down world, savers are penalized and borrowers get paid to borrow money. Crazy as it sounds, the 2008 financial crisis created a lingering economic slump that drove the European Central Bank to experiment by cutting benchmark lending rates below zero in 2014. Then Japan followed.
Learn MorePeople with HIV/AIDS are at the mercy of insurance companies, who can take a decision to allow or deny their medical coverage.
Learn MoreThere's a lot to take care of in the lead-up to having a baby. If you don't have a life insurance policy but plan to have a baby in the next year or so, it's a good time to consider getting one.
Learn MoreRetirement planning in India has still not picked up as people are being more emotional towards their family and try to fulfil all their wants even if it means sacrificing their retirement.
Learn MoreAbout 60% of non-government workers in the United States have access to life insurance through work. It's a valuable benefit that employers often offer at no cost to employees. Plus, coverage is guaranteed so you don't have to submit to a medical exam.
Learn MoreHealth insurance is a necessity in the current times of expensive medical treatments. To make health insurance policies more standardized and simple for individuals, the IRDAI (Insurance Regulatory And Development Authority of India) had recently announced some changes.
Learn MoreSelling of life insurance policies is not possible as with other assets and herein you need to surrender the policy that entails a costs, however if you wish to liquidate your investment in it,
Learn MoreProper retirement planning ensures that you do not compromise on your current lifestyle post retirement.
Learn MoreMoney may be a conversational taboo in your family or social circles. When you hire a financial planner, however, you'll want to leave those inhibitions at the door. Just like your spouse, you should go into any meeting or conversation with a financial adviser or financial planner with complete openness and honesty.
Learn MoreUnlike you might imagine, filing ITR is a straightforward and user friendly process. When you set out to file your ITR, here are the documents you need to keep ready by your side.
Learn MoreAfter a hiatus of some nine long years, the IRDAI has proposed some changes for its non-linked category of products and ULIPs. Non-linked insurance products are the traditional life insurance plans including endowment and money back plans.
Learn MoreWhen it comes to life and health insurance, your premium amount will differ with your age, family history, pre-existing diseases and lifestyle choices among other reasons.
Learn MoreLife Insurance Corporation of India (LIC of India), India's largest life insurer, has announced its audited figures for the year ended March 2019.
Learn MoreAs per the provisional accounts prepared, the corporations’s total premium income- new premium and renewal premium- was Rs3,37.200crore showing a growth of 6.08 per cent while the total benefits paid amounted to Rs2,50.900 crore growing by as much as 26.62 percent.The corporation had mobilised a total new premium of Rs41,086.31crore in 2018-19
Learn MoreTo sustain a claim under the accident benefit cover, it must be established that the assured has sustained a bodily injury which resulted solely and directly from the accident. There must exist a proximate causal relationship between the accident and the bodily injury. Moreover, the accident must be caused by outward violent and visible means
Learn MoreWomen have been raised to not ‘worry’ about finances, seeing the men of the house making most money-related decisions.
Learn MoreIdentify your existing investments and expenses before putting more money to save taxes Have different tax planning strategies when you are single, married, nearing retirement or are retired
Learn MoreIn order to give an opportunity to the GST defaulters, the GST Council is likely to consider a one-time amnesty scheme to facilitate an exit for ‘nil’ filers and non-filers.
Learn MoreMumbai, November 28: For the 2018-19 financial year, few changes were announced in the Union Budget for taxpayers. Individuals, earning between Rs 2.5 lacs to 5 lacs will have to pay 0-5 percent tax for different age groups while 20 percent tax will be applicable for individuals having an income of Rs 5 lacs to 10 lacs.
Learn MoreIndians make up for one of the largest number of migrants in affluent countries. A recent report from the World Bank also showed that India was the highest receiver of foreign remittances in the world. It was $69 billion as of April 2018. This goes to show that though many Indians move to other countries in search of jobs, they have been investing in their home country.
Learn MoreAn FIR registered by police about a road accident is sufficient to award compensation to the victim or the family even if no formal claim petition is filed, the Supreme Court ruled last week, in a move that could significantly benefit survivors or the families of the victims.
Learn MorePaytm has announced a strategic partnership with the country’s largest insurance firm – Life Insurance Corporation of India (LIC) to allow users make LIC insurance premium payments seamlessly on the platform in under a minute.
Learn MoreFinancial planning key for better retirement life
Learn MoreNo one who comes of age and lands a job can escape the inevitable – that is an insurance sales agent who comes knocking. Looking back, I am ashamed to admit that many of my not-so-proud moments came from evading unplanned encounters with relatives and acquaintances who decided to try their hand at selling life insurance.
Learn MoreLife expectancy figures may spark concerns for future retirees
Learn MoreState-run Life Insurance Corporation of India (LIC) has once again, outnumbered private insurers in terms of the number of claims settled for individual customers.
Learn MoreLife Insurance Corporation (LIC) of India’s cancer cover policy is witnessing a quantum jump in sale of health insurance. The company has sold more than 1.25 Lakh cancer cover policies so far as more than 70% of cancer affected Indians do not have any financial provision to face the rising cost of treatment which can be a few months to few years
Learn MoreConsider relooking at your dreams and financial goals from time to time
Learn MoreInsurance claims will not be paid for any accident if the PUC certificate is found to be invalid on the day of the accident.
Learn MoreThousands of retirees are withdrawing too much money from their pension during periods of stock market volatility, leaving them with a potential savings shortfall later in life, a report has warned.
Learn MorePreparing to retire whether close or far, becomes manageable when you take these things into consideration.
Learn MoreIf you nominated someone, then this individual known as a nominee, acted as a trustee but had no ownership over the claim amount. It did not automatically indicate that s/he would receive the death claim.
Learn MoreIf you buy a home and you have no life insurance, there may be a financial risk. It may not be immediately evident, but it should be acknowledged and addressed.
Learn MoreAll of those can affect a person’s ability to, first, devise a consistent plan for their retirement goals, and secondly, accumulate the necessary capital to provide ample retirement income. hieve them. Meanwhile, costly mistakes can be made that will have implications down the road.
Learn MoreFrom April 1st 2018 onwards, transporters and businesses have to be caution to carry Electronic or E-way bill for the movements of Goods. The businesses that carry goods having a worth more than 50000 should have to keep E-way bill for inter-state movements of goods.
Learn MoreLife is short and we have so many responsibilities to fulfill in this short life. No matter how much we try, in order to win something we have to lose something, this is the philosophy of life. But, what will you achieve if there will be no life? An insurance policy is the best way to stay alive even after death for your loved ones.
Learn MoreWe have exceeded current fiscal target of Rs 38,000 crore by achieving 12-15 per cent growth in the premium income in the individual segment. We will have a premium income of around Rs 42-43,000 in this segment by the end of the current fiscal,
Learn MoreOn the surface, the modern-day woman appears more powerful than ever before – strong, career-orientated and independent. Yet, when it comes to their financial situation, it appears they are increasingly exposed to difficulties.
Learn MoreMoney has delighted us, but also confounded us for quite a while now. For most part of our life, we are either thinking, earning or spending it. But why have men been traditionally better at handling finances, is a question worth looking into!
Learn MoreAccording to the U.S. Census, millennials accounted for more than 25 percent of the population in 2015, yet this significant segment of the workforce might not be prepared for retirement.
Learn MoreRetirement and Child education planning are two important aspects of financial planning for every individual. It is essential to understand that both hold their own importance in your financial portfolio at different life stages.
Learn MoreThere are many reasons that can easily tell the importance of having a private health insurance for young couples
Learn MoreIn a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to introduce the following bills in the Parliament:- (a) Banning of Unregulated Deposit Schemes Bill, 2018 in parliament & (b) Chit Funds (Amendment) Bill, 2018
Learn MoreHyderabad: Public sector insurance companies have stated that they will only reimburse bills if the laboratory reports are countersigned by a registered medical practitioner.
Learn MoreInflation is invariable in a growing economy like India. You can see this is in all fields. Health costs have spiralled a lot since the last decade. Coupled with the fact that people are falling sick more often, it becomes imperative to have adequate health insurance cover in place.
Learn MoreSaving for retirement, for most people, is their largest financial challenge in life. While many people understand the importance of building up a retirement nest egg, and contribute a portion of their monthly salaries towards this goal – they do not always know if they will end up with enough money in retirement.
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