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… Read More 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… Read More 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… Read More How to make a complaint – If you are unhappy with your insurance company
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… Read More 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… Read More 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… Read More Will online discounts on general insurance products make them more accessible?
The year 2016 would go down in the annals of the Indian insurance industry history as the one in which the central government was the driving force in increasing non-life insurance penetration and awareness with various schemes, experts said. The year also saw an acquisitive HDFC group with its non-life company HDFC Ergo General Insurance… Read More With government support, insurance sector makes a good show in 2016