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InfIation Calculator: How quickly will inflation double your monthly expenses?
If you’re not paying attention to inflation while investing, it could seriously impact your savings. That’s why it’s so important to consider inflation when you’re planning your investments.
Term Vs whole life insurance – Which should you choose? Know the key differences
Term insurance is a straightforward life insurance policy that provides coverage for a specific period, or 'term'; if the insured person passes away during this period, the policy's beneficiaries receive a death benefit.
Still the King: LIC dominates first-year new business premium market despite private sector competition
LIC’s new biz premium zooms past 25% in April-Sep quarter, to ₹ 1.15 lakh crore
Navratri Special: 9 life insurance myths debunked and tips to secure your financial future
Let’s debunk nine common life insurance myths and offer some valuable personal finance tips to secure your financial future this festive season.
How scamsters tricked investors of Rs 25 cr through fake apps and stocks
A woman from Faridabad was cheated out of Rs 7 crore, a businessman from Noida lost Rs 9 crore, and a doctor from Punjab’s Bathinda was defrauded of Rs 6 crore. These are just a few of the victims of a massive scam recently uncovered by India's Enforcement Directorate (ED).
New PPF rules effective today: All you need to know
New PPF rules effective today streamline account management for minors, multiple account holders, and NRIs, impacting interest rates and regulations.
Life insurance rule change: From October 1, 2024, you will get higher refund when you surrender your life insurance policy
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.
Karnataka online trading frauds: Losses skyrocket from Rs 23 crore in 2022 to Rs 903 crore by mid-2024
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.
5 reasons health insurance claims get rejected
5 reasons health insurance claims get rejected
Retirement savings: What will be the value of Rs 5 crore after 25 years?
A common mistake is assuming that the value of retirement savings will remain constant over time. For example, a ₹5 crore corpus today will lose significant purchasing power over 25 or 30 years due to inflation.
This Raksha Bandhan, give more than cash: Gift your sister financial wisdom and investments
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.
Health insurance: How to choose the best plan
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).
LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO
Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around Rs 1.30 trillion in equities during the current financial year.
LIC of India launches new insurance plans – Check benefits, eligibility, other details
The insurance plans were launched on Monday by LIC CEO and MD Siddhartha Mohanty and will be available both available offline and online.
ITR Filing Date 2024 Live Updates: Income tax return deadline to be extended beyond July 31? What we know so far
ITR Filing Date 2024 Live Updates: The income tax return deadline might be extended beyond July 31. Fresh updates from Income Tax Department on ITR deadline extension! What we know so far about the current status and when to expect refunds after e-verification and processing of income tax return.
ITR Filing: What is Updated Return? Who is not eligible to file an updated return? Check late fees, penalty
Any individual may submit an updated return, with certain exceptions, irrespective of whether they have previously filed an original, late, or amended return for the applicable assessment year.
Budget 2024 reduces TDS on life insurance policy payout from 5% to 2%, Now get a higher payout on these case
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.
Budget 2024 Key Highlights: From capital gains, income tax changes to employment initiatives, here are the key takeaways
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.
Budget 2024: What’s cheaper and costlier? Here's the list
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.
Has Section 87A tax rebate been increased in old, new tax regime in Budget 2024?
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.
Indexation benefit on sale of property removed; new LTCG rate of 12.5% announced for capital gains on sale of property
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.
Top 10 expectations of individual taxpayers which Budget 2024 needs to fulfill
Taxpayers eagerly await budget announcements that will increase their disposable income. Here are a few of the main anticipations that taxpayers have for Budget 2024.
ITR Filing Penalty After Due Date: Late fee for delayed filing of income tax return, last date, fees and more
ITR Filing 2024: Penalty amount for filing income tax return after due date will be imposed. Taxpayers need to be alert as the deadline to file ITR is approaching fast.
ITR Filing: Risks of sharing your sensitive financial details with an income tax filer
It is crucial to remember that your financial information holds significant value, encompassing all your investments and earnings for the year. Here are several important considerations to bear in mind before disclosing your ITR details.
Union Budget 2024: Why Standard Deduction limit needs to be increased to Rs 100,000!
The existing standard deduction of Rs 50,000 is considered inadequate to address the rising expenses linked to the increased cost of living and, therefore, it is imperative to raise the limit of this deduction.
Attention Taxpayers! Income Tax Department warns against false claims in income tax returns
The Income Tax Department has issued a strong advisory to taxpayers, advising them against submitting income tax returns with inaccurate claims for exemptions and deductions.
Best practices to keep your money safe from fraudsters
Regularly monitoring your financial records and staying alert for any suspicious activities is crucial for early fraud detection.
How to file ITR online – Steps for e-filing income tax return
In order to file a tax return online, you can access the new income tax portal logging in with PAN-based credentials and following certain steps that simplify tax filing process.
National Insurance Awareness Day 2024: Date, History, Significance, and Events
National Insurance Awareness Day 2024: The event is set to be observed on 28 June, this year.
6 Major Benefits Of Health Insurance Policy in 2024
Our health deserves centre stage more than ever. As medical bills skyrocket and unexpected health crises loom, having a health insurance policy acts as a reliable safety net. It ensures you can access necessary care without fretting over finances. Understand six significant perks of having a health insurance policy in 2024.
Income Tax Return: How to choose correct ITR form for tax filing
There are 7 ITR forms the Income Tax Department has notified, and often, taxpayers get confused which ITR form is applicable to them.
ITR Filing: Minute details of furnishing an error free Income Tax Return
Taxpayers required to file their income tax return should take into consideration the following.
Modi 3.0: 80C Deduction benefits to be extended to new tax regime in Budget 2024?
Currently, the benefit of section 80C is not available under the default (new) tax regime and it would be expected that this benefit be extended to even the default tax regime.
Budget 2024: Big tax relief for middle-class in the offing? Section 80C, 80D deduction limits may be hiked to …
After the new government formation, the focus is now shifted to the Union Budget 2024-25. Taxpayers are hopeful that the Modi government will give them a tax relief in the upcoming budget. Experts too are of the view that FM Sitharaman would at least make some revision in deduction limits under Section 80C and 80D.
Income Tax Return: How to get maximum tax refunds on filing ITR | Check out these 5 ways!
Every taxpayer should make an effort to mitigate their tax liability by claiming all the available deductions and exemptions at the time of furnishing their tax returns. However, such deduction/ exemption amount should be correctly computed after considering the tax regime, residential status etc.
What happens to your property if you die without a will?
Under Section 30 of the Indian Succession Act, if someone dies intestate, the court may issue a notice to invite claims over the property left behind after the death certificate is issued.
LIC Q4 net profit rises marginally to Rs 13,762 cr, asset quality healthy; announces Rs 6 interim dividend
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.
LIC maintains lead in Indian insurance market, eyes rural expansion
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
LIC thinking of diving into health insurance pool, eyeing acquisitions
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.
Retirement Planning: How insurance can contribute towards building a robust retirement fund
With a comprehensive financial retirement plan, it is easy to tide over apprehensions of exhausting the corpus that may have been built during the work years.
Benefits Of High Entry Age Limit For Health Insurance
There are two aspects that cause concern for individuals when it comes to health insurance. The first is the time period for which they will be covered and the other is the cost that they will pay for this coverage. Both are problem points for senior citizens as they often find themselves without a cover when they most need it.
No age restriction for health insurance now — what this means for premiums and waiting periods
In a landmark move, IRDAI has removed the age limit of 65 years for individuals buying health insurance policies. This marks a departure from the conventional constraints that limited individuals in securing comprehensive coverage. CNBC TV18 spoke to several experts for their take on the policy shift and its implications.
3 changes in health insurance claim rules to help consumers: Reduced waiting period for pre-existing diseases, moratorium
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.
How technology is easing the life of insurance customers
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.
IRDAI announces final rules on surrender value from April 1. A quick guide for policyholders
A quick guide for policyholders From April 1, 2024, the surrender value is expected to remain the same or even lower if policies are surrendered up to a period of within three years, as per IRDAI.
LIC world's strongest insurance brand: Brand Finance Insurance Report
According to the report, Cathay Life Insurance is the second strongest brand, with a 9 per cent increase in brand value to $4.9 billion
Exhausted Your Section 80C Limit? Check These 10 Tax-Saving Investment Options
As the current fiscal year is coming to an end, taxpayers are searching for different methods to reduce their taxes.
Bank of Japan ends negative rates, closing era of radical policy
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.
40% increase in women buying health insurance in FY24, shows Policybazaar data
The survey, based on responses from over 23,000 respondents, also shows a 43% increase in the number of women purchasing individual coverage
Waiting periods in health insurance policies: What the policyholder needs to know
The whole idea why waiting periods exist is that people should not abuse insurance.When there is a pre-existing disease declared in the proposal form, it will have usually a 24- 36 month waiting periodA lot of health insurance policies provide options to the customer to reduce the waiting period for pre existing diseases by paying an extra premium
How term insurance ownership lays the foundation of financial empowerment for women
By working together, insurers, regulators, and stakeholders can further create a more inclusive and equitable insurance ecosystem that empowers women to protect themselves and their families effectively.
International Women's Day: Only 26% women are decision-makers when it comes to buying health insurance, finds Future Generali study
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.
Women Play Multiple Roles and Hence Deserve Financial Independence
It is said that women are the real architects of society. They play different roles like Mother, Wife, Daughter, Sister effortlessly apart from managing their day to day work.
How to Financially Empower Women in Our Life
In every growing society, women are back bone of it and we are proud to say that we play a small part in strengthening the back bone by helping women become financially empowered.
LIC launches “Amritbaal” insurance plan for children
New plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child, says Life Insurance Corporation of India
LIC launches Amritbaal, a traditional savings life insurance plan for children
The product is targeted at parents who wish to create a long-term corpus to meet the higher education needs of their children.
LIC shares continue to surge, is it the new investor favourite?
LIC surged five per cent in open trade, continuing its stellar performance from Thursday when it hit an all-time high.
New LIC life insurance cover: 7 important details about LIC’s Index Plus policy
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.
LIC Q3 results: Net profit jumps 49% YoY to Rs 9,441 crore
The insurer’s net premium income grew 4.67 percent to Rs 1.17 lakh crore in the quarter under review, from Rs 1.11 lakh crore in the year-ago period
LIC Index Plus Policy: Life Insurance Corporation introduces a new insurance-cum-savings plan. Ten key things to know
Life Insurance Corporation of India (LIC) has launched the unit-linked, regular premium, individual life insurance plan Index Plus, which offers life insurance cover-cum-savings throughout the policy term
Life insurance: Evaluate your insurer based on 3 key parameters
Life insurance is an important component of financial planning in India, offering protection and security for loved ones. When selecting a provider, individuals should prioritize those with high claim settlement ratios and swift turnaround times.
Now you can avail cashless health insurance at any hospital: Here's how
Under the 'Cashless Everywhere' system, policyholders will have the liberty to select any hospital for their treatment, breaking away from the limitations imposed by agreements or tie-ups between insurance companies and healthcare providers.
Budget 2024-25: Here is what experts expect for the insurance sector
One major expectation is higher government investment in the insurance sector. Higher budgetary allocation, they believe, will provide the sector with the requisite impetus