BUSINESS
Electric Vehicle Insurance: Premiums are high, but insurers are evolving new offerings
Despite a string of fire accidents involving electric bikes in the last few months, large insurers such as Bajaj Allianz and HDFC ERGO have sharpened focus on the up-and-coming segment
BUSINESS
What are ‘modern’ treatment methods in insurance?
BUSINESS
World Mental Health Day 2023: What does your health insurance policy cover?
Insurance firms will pay for any hospitalisation linked to mental ailments, but OPD treatment will be covered only if specifically included in the policy.
MCMINIS
What are deductibles in insurance covers?
BUSINESS
Bima Sugam may make policy buying easier, cut commissions
The IRDAI-backed digital platform, along with the proposed dematerialisation of policies, could mean cheaper premiums and greater convenience to policyholders.
BUSINESS
Investing overseas? Keep these tax rules in mind
Tax rates on capital gains from equities, mutual funds and real estate are higher compared to domestic investments.
BUSINESS
New pension scheme is better than the old one. Are state governments listening?
Government employees may prefer the old pension scheme because of assured payouts and family pension but question marks over its feasibility cannot be wished away, experts say
MCMINIS
Explained: NPS’ new withdrawal timelines
BUSINESS
Missed declaring your health condition while buying an insurance policy? Here’s what you can do
Don’t expect leniency from your insurance company on pre-existing disease disclosures at policy renewal. Consider porting to a new insurer after declaring your health conditions.
MCMINIS
Explained: Disease-specific caps in health covers
BUSINESS
MC explains: Soon, you may have to hold your insurance policies in dematerialised form
The latest IRDAI proposal would ensure greater convenience for customers as all their policies would be held in a single repository. Customers would be able to buy insurance policies, pay renewal premiums, raise service requests and get claims settled with greater ease.
BUSINESS
Bengaluru floods: General insurers brace for more claims as incessant rains cause damage to vehicles
Motor insurance claim intimations for damage to engine, parts and even total loss expected to rise in the days to come.
BUSINESS
How room-rent sub-limits can jeopardise your health insurance claims
Moneycontrol’s Health Insurance Ratings, devised in association with SecureNow.in, help you choose the right policy. To get the best out of them, you need to be aware of some features and clauses that make up the rating parameters
BUSINESS
World Health Day 2023 | How much health insurance coverage do you need?
The minimum health cover recommended has gone up from Rs 5 lakh to Rs 10 lakh since the COVID-19 pandemic set in. The ideal cover, however, depends on several factors, starting with where you live. Read on to find out what they are.
BUSINESS
Policyholders to gain as IRDAI backs 20% cap on first-year commission, sops to boost persistency
The insurance regulator has proposed to cap commissions, remuneration and rewards for agents at 20 percent, besides disincentivising policy surrenders in the initial years. Policyholders could benefit in the long run, but some insurers are sceptical.
BUSINESS
Investing in real estate to earn rental income? Don’t, says Kamlesh Rao, MD and CEO, Aditya Birla Sunlife Insurance
Current equity market conditions are not suitable for lump-sum investments. Instead, retail investors should invest systematically over a period of 12-18 months, Rao tells Preeti Kulkarni.
BUSINESS
Foreign-bound students face hurdles at airports in Europe, US. A travel policy helps
Visa processing delays and scaled back airport operations abroad have disrupted students’ travel plans, leading to trip cancellations, baggage delays and missed connecting flights. An overseas student travel insurance cover that compensates these losses is a must
BUSINESS
Simply Save | Is the time limit for verification of I-T returns now down to 30 days for late filers? Listen in!
For tax returns filed by July 31, 2022, time limit to verify remains the same, that is, 120 days from the date of filing the tax return
BUSINESS
Tapan Singhel: Getting insured is crucial for attaining financial freedom, as it ensures a worry-free life
"Covering health, life and crucial assets, such as house and car, holds key to financial independence."
BUSINESS
Money triumphs and pitfalls: How two 75 year olds navigated their finances with India’s independence journey
Indians who have crossed the milestone of 75 years share their financial triumphs and regrets during their younger days as well as silver years. Learn the right money lessons from their experiences to ensure a clear pathway towards financial freedom.
BUSINESS
Coming soon: More OPD health insurance products, value-added services on motor insurance
After insurance regulator IRDAI allowed novel motor insurance add-ons and introduced use-and-file regime, insurers expect to launch ‘innovative’ products faster.
MCMINIS
How to assess a life insurer's claim-settlement ratio
BUSINESS
MC Explains | How much can you withdraw from NPS?
Is NPS a better alternative to EPF after tax on interest on contribution over Rs 2.5 lakh? Market-linked returns may seem attractive, but on the flipside, maximum lump-sum withdrawal of 60 percent of retirement corpus, with the rest being converted into annuities, is a limitation.
MCMINIS
Hidden tax benefits of a savings account
