Moneycontrol

Budget 2023Budget 2023
you are here: HomeAuthor

Preeti Kulkarni

Senior Assistant Editor

Moneycontrol.com

Four classic insurance traps you must avoid

BUSINESS

Four classic insurance traps you must avoid

During the tax-saving season of January-March, many individuals sign up for insurance-cum-investment policies they may not need, only to regret doing so later when they receive renewal notices for premium payment

Budget 2023: Insurers seek separate tax deduction basket for life policies, higher limit for health premium

BUSINESS

Budget 2023: Insurers seek separate tax deduction basket for life policies, higher limit for health premium

Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income from tax

More than 250 million Indians could have heath insurance policies by 2028

BUSINESS

More than 250 million Indians could have heath insurance policies by 2028

The segment has the potential to grow into a $25 billion market in the next five years, on the back of COVID-led rise in awareness, product innovation and rising disposable income, the investment banking major’s research predicts

Need Rs 50,000 crore capital infusion every year to double insurance penetration in five years: IRDAI chief

BUSINESS

Need Rs 50,000 crore capital infusion every year to double insurance penetration in five years: IRDAI chief

The Insurance Regulatory and Development Authority of India chief urges more conglomerates to enter the insurance space, and companies to bolster their grievance redressal mechanisms

Explained: Section 80TTB tax break on deposits

BUSINESS

Explained: Section 80TTB tax break on deposits

Inflation and high interest rates are here to stay; get used to them: Saibal Ghosh, CIO, Aegon Life Insurance

BUSINESS

Inflation and high interest rates are here to stay; get used to them: Saibal Ghosh, CIO, Aegon Life Insurance

It’s not just important to invest in equities but also to do it in a systematic way instead of bond and stock picking, Ghosh says

Budget 2023: Senior citizens want more medical insurance deductions, tax-free pension

BUSINESS

Budget 2023: Senior citizens want more medical insurance deductions, tax-free pension

Increased cost of healthcare for senior citizens, particularly post COVID-19, warrants a higher deduction limit for premiums as well as routine medical expenses, say financial planners. A higher deduction for interest earned on fixed deposits would also bode well for senior citizens, in Budget 2023.

Decoded: Tax break on preventive health check-ups

MCMINIS

Decoded: Tax break on preventive health check-ups

Budget 2023: What could the FM do to make the new regime attractive to taxpayers?

BUSINESS

Budget 2023: What could the FM do to make the new regime attractive to taxpayers?

The new regime has failed to attract taxpayers. Allowing some deductions as part of Budget 2023 announcements may help, but will also mean diluting the USP of the new system – simplicity and lesser paperwork.

LIC going public, out-patient cover... 7 reforms that changed Indian insurance in 2022

BUSINESS

LIC going public, out-patient cover... 7 reforms that changed Indian insurance in 2022

The Insurance Regulatory and Development Authority of India (IRDAI) went on overdrive this year to facilitate ease of doing business, LIC went public, life insurance companies sold guaranteed return products on the back of higher interest rates while health insurers rolled out wellness and OPD benefits.

What do senior citizens want from Budget 2023? Higher basic exemption and health insurance deduction limits

BUSINESS

What do senior citizens want from Budget 2023? Higher basic exemption and health insurance deduction limits

Increased cost of healthcare for senior citizens, particularly post COVID-19, warrants a higher deduction limit for premiums as well as routine medical expenses, say financial planners.

Decoded: Prepayment charges on home loans

MCMINIS

Decoded: Prepayment charges on home loans

Budget 2023: Insurers seek separate tax deduction basket for life policies, higher limit for health premium

BUSINESS

Budget 2023: Insurers seek separate tax deduction basket for life policies, higher limit for health premium

Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income, from tax

How will IRDAI's latest proposal on agent commissions play out for policyholders?

BUSINESS

How will IRDAI's latest proposal on agent commissions play out for policyholders?

IRDAI has allowed higher agent commissions within the overall expense cap, modifying its August 2022 proposal to drastically cut commissions. Under the new proposal, commissions may not come down, but one can save on premiums by buying policies directly from insurers.

What are motor insurance add-on covers?

BUSINESS

What are motor insurance add-on covers?

The big, fat Indian wedding can be insured, but only the rich go for it

BUSINESS

The big, fat Indian wedding can be insured, but only the rich go for it

Wedding insurance is a relatively untapped market and popular with mainly weddings that cost in excess of around Rs 50 lakh. It covers you against uncertainties beyond your control. But if you get second thoughts about your life partner and call the wedding off, the insurance doesn't offer any solace.

Simply Save | Your guide to picking the right health insurance policy

PODCAST

Simply Save | Your guide to picking the right health insurance policy

In this edition of the Simply save podcast, Kapil Mehta - Co-founder and CEO of SecureNow Insurance Brokers - explains how to buy an independent health insurance policy and identify the right plan with the help of Moneycontrol-SecureNow Health Insurance Ratings

Explained: AYUSH coverage in health insurance

MCMINIS

Explained: AYUSH coverage in health insurance

What are health policies' permanent exclusions?

MCMINIS

What are health policies' permanent exclusions?

World Diabetes Day | Health insurers say yes to diabetics, but higher premiums are a not-so-sweet reality

BUSINESS

World Diabetes Day | Health insurers say yes to diabetics, but higher premiums are a not-so-sweet reality

It’s easier for diabetics to obtain health insurance policies, but not being upfront about your pre-existing conditions could result in rejection of claims

What are annuity plans?

MCMINIS

What are annuity plans?

MC Explains: Advanced, emerging treatment procedures covered under health insurance policies

BUSINESS

MC Explains: Advanced, emerging treatment procedures covered under health insurance policies

From stem cell therapy to oral chemotherapy, insurance companies are mandated to cover certain modern medical procedures. But stringent sub-limits enforced by some insurance companies may serve as a deterrent to a reasonable claim.

United India Insurance offers a new top-up policy. A Moneycontrol review

BUSINESS

United India Insurance offers a new top-up policy. A Moneycontrol review

Buying a super top-up policy is a simple and cost-effective way of enhancing your health insurance cover. But watch out for the entry age barrier.

Why policyholders are unhappy with insurance companies

BUSINESS

Why policyholders are unhappy with insurance companies

The Mumbai Insurance Ombudsman annual report shows an increase in health insurance complaints in 2021-22, on account of partial claim payout, rejection due to ‘unnecessary’ hospitalisation, amidst other COVID-19 related complaints.