BUSINESS
Don’t see health insurance premiums rising this year, says SBI General Insurance CEO & MD
Retail health and motor premiums won’t go up due to rise in global reinsurance rates as these are retained by insurers themselves, but fire and engineering might climb due to rise in reinsurance premiums, says Kishore Kumar Poludasu.
MCMINIS
Explained: Debt investments through NPS
BUSINESS
Looking out for lower interest rates on home loans? A good credit score helps
If you credit score is over 750-800, most banks and housing finance companies will offer their best – that is, lowest – interest rates to you.
BUSINESS
Bima Sugam a UPI moment for insurance space, will not lead to job losses in distribution space: IRDAI chief Panda
The Bima ‘trinity’ – Bima Sugam, along with Bima Vistaar and Bima Vaahak – will be a game-changer for the insurance sector and help create more jobs, IRDAI chairman Debasish Panda has said
BUSINESS
Insurers selling mutual funds positive for both; can increase compliance burden
Investors now go to multiple entities for meeting different financial requirements. They also have to check whether they (the distributors) are certified by the capital market and insurance regulators. The insurance regulator’s planned move will act as a one-stop solution to their needs.
BUSINESS
NPS also invests in equities. Here’s how
BUSINESS
Finmin's Rs 7-lakh relief to taxing foreign spends on credit cards can't resolve TCS crisis
International credit card spends are under LRS from May 16 and the 20 percent TCS will kick in from July 1, 2023. Until June 30, TCS at the rate of 5 percent will apply.
BUSINESS
Win-win deal?: Now, save on health insurance premiums, even as your smartwatch or fitness band helps you maintain good health
Health insurance products that offer discounts on renewal premiums based on physical activity levels help policyholders maintain good health and assist insurers in reducing claims. However, not adhering to the prescribed regimen will mean losing out on discounts in the subsequent year.
BUSINESS
Why insurance for surrogate mothers might be difficult to offer
Insurance companies will have to design products that cover complications arising out of a surrogate mother’s delivery. However, clarity around several issues is awaited, say insurers.
BUSINESS
Explained: IRDAI’s diktat on credit cards
PODCAST
Deadline extension to file application for higher pension: What’s in store for employees? | Simply Save
By June 26, employees will have to decide whether they want to apply for a pension on a higher salary. The process is cumbersome and riddled with ambiguities, making it difficult for employees to make a choice.
BUSINESS
We will hold on to premium rates this year, provided healthcare inflation doesn't go through the roof: ICICI Lombard MD and CEO
Unless insurance companies take action against errant hospitals, healthcare costs will remain elevated, potentially making health insurance unaffordable for many and affecting penetration, Bhargav Dasgupta tells Moneycontrol
MCMINIS
What are proportionate deduction waiver covers?
BUSINESS
Deadline for choosing higher pension option extended to June 26: Your key questions answered
While higher pension is desirable, numerous rules and grey areas make the decision-making process a complex affair. Here is a list of things you need to be aware of.
BUSINESS
EPF e-passbook facility remains under the weather
All other online services, including the UMANG app, have been restored, says the social security organisation. The EPFO e-passbook facility is very popular as users frequently access it to ascertain their EPF balance and the status of interest credit for the financial year.
MCMINIS
What is NPS’ scheme A?
This scheme invests in assets such as real estate investment trusts (REITs), InvITs and mortgage-backed securities
BUSINESS
Akshaya Tritiya 2023: Looking to invest in gold ? You can still bank on gold ETFs’ shimmer
Despite the LTCG tax setback, gold ETFs and gold fund-of-funds score over physical gold when it comes to liquidity, ease of purchase, storage and purity, say experts.
BUSINESS
Gold loans: Banks and NBFCs that offer the lowest interest rates
Central Bank of India, Union Bank of India offer the cheapest gold loans at interest rates of 8.45-8.65 percent per annum
BUSINESS
Endowment plans looking attractive post-debt funds tax mess? Think again
Maturity proceeds of endowment plans with aggregate annual premiums of less than Rs 5 lakh are tax-free, but returns of 4-6 percent per annum, a long lock-in period and recurring premium commitments blunt the tax edge over debt mutual funds
MCMINIS
Decoded: Age-wise health insurance premium bands
As you grow older, the chances of contracting lifestyle and other diseases go up too and insurers cover this risk by charging higher premiums even if your health parameters remain the same.
BUSINESS
Nearly 20 new insurance companies in the pipeline: IRDAI chief Debasish Panda
The IRDAI chairman also asked insurers to expedite work on Bima Sugam and state lead insurer mechanism
BUSINESS
Will policyholders benefit from IRDAI’s nudge on 'direct plans'?
The regulator has asked companies to disclose the discounts they can offer on direct purchases since they involve no commission. Direct modes exist even now. All that IRDAI has now mandated is a bit more transparency. That doesn’t mean insurers are mandated to offer direct plans, unlike MFs
BUSINESS
Insurers plan action against hospitals for fraudulent claims, overcharging
Insurance companies will act through the General Insurance Council to flag cases of overcharging and fraud, and deny cashless and reimbursement claims by hospitals engaging in misconduct
BUSINESS
Financial and tax planning 2023-24: How to choose the most suitable tax regime | Simply Save
In this edition of the Simply Save podcast, Moneycontrol's Preeti Kulkarni speaks to Bhavesh Shah, senior partner with Mumbai-based chartered accountancy firm Hasmukh Shah & Co to understand why it is important to commence tax planning process early and how you should pick the tax regime most suitable to you. Tune in for more
