Income tax deduction will be allowed on a proportionate basis for the number of years for which health insurance cover is provided. In Budget 2018, Finance Minister Arun Jailtey proposed more income tax benefits under Section 80D of the Income Tax Act. Section 80D offers income tax deduction towards payment of medical insurance or mediclaim… Continue reading More Income Tax Benefits On Health Insurance Policies: 5 Things To Know
Equity mutual funds are a basket of equities managed by professional fund managers, investing in a large and diversified pool of equity stocks. Everyone desires to be wealthy and looks out for avenues to grow money in their own ways. Over the last 20 years, investing in equity markets in India has consistently delivered superior… Continue reading What is a better choice – Direct Equity or Equity Mutual Funds?
First thing to do is Approach the Insurance Company's Grievance Redressal Officer of its branch or any other office that you deal with. Click here for mail ids of Grievance Redressal Officers, GRO, of all insurance companies Give your complaint in writing along with the necessary support documents Take a written acknowledgement of your complaint with the… Continue reading How to make a complaint – If you are unhappy with your insurance company
Timetric's 'Personal Accident and Health Insurance in India Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Indian life insurance segment, and a comparison of the Indian insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and… Continue reading Personal Accident and Health Insurance in India Key Trends and Opportunities to 2020
Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit… Continue reading India Overtakes Britain as the World’s Sixth-Largest Economy
In a falling interest rate regime, the Employees' Provident Fund Organisation (EPFO) has decided to reduce interest rate on the EPF to 8.65%, from 8.8% earlier. This cut may leave the salaried class feeling aggrieved, but financial planners maintain the EPF still remains among the better vehicles for retirement savings in the fixed income space.… Continue reading Why EPF still remains a good bet for investors despite rate cut
As the finance ministry begins drafting the coming Budget 2017, ET Wealth requested financial sector experts for their suggestions on what changes they would like to see proposed in the Finance Bill 2017. Here are some ideas from experts on what changes in the budget could make it easier for the common man to buy… Continue reading What Budget 2017 can do to enable people to make full use of insurance
The consolidation phase in insurance that started with HDFC Ergo acquiring private player L&T General Insurance is expected to continue in the new year, apart from more FDI inflows and perhaps a few more companies hitting the stock market. Four public general insurance companies — New India Assurance Company, National Insurance Company, Oriental Insurance Co… Continue reading Consolidation, listing new normal for insurance industry
To promote cashless transactions and incentivise people to make digital payments, the government recently announced several measures. One can, for instance, buy life and general insurance products from the websites of public sector companies on a discount. The announcement says: "Public sector insurance companies will provide incentive, by way of a discount or credit, of… Continue reading Will online discounts on general insurance products make them more accessible?