BUSINESS
Why the new income tax regime has few takers
Those who claim deductions of at least Rs 2.5 lakh a year have stuck to the old tax regime
BUSINESS
Life insurers settled 97% of COVID-19 death claims: IRDAI annual report
However, this data does not fully reflect the deadly impact of the second wave as it gripped the country only towards the end of March 2021 and unleashed mayhem in April and May 2021
BUSINESS
Worried about NPS’ long lock-in? Try NPS Tier-II
The catch is that a tier-II account can be opened only if you already have a tier-I account
BUSINESS
Tax on EPF, more options in NPS: How your retirement kitty changed in 2021
Budget 2021’s unkind tax cut for employees contributing over Rs 2.5 lakh to their provident fund prompted financial planners to recommend a switch to NPS
BUSINESS
2021 review: How health and term insurance buying changed completely due to COVID-19
The era of low term insurance premiums is now over. But the increase in awareness about the importance of life and health insurance augurs well for policyholders and the industry
BUSINESS
Simply Save | The year that was: Has COVID-19 changed the insurance sector forever?
Health insurance no longer a push product due to increasing awareness, demand
BUSINESS
COVID impact: Taking a term insurance policy has become costly and tedious
As insurers tighten their underwriting norms, those who are not graduates could find it tougher to get a term life insurance policy. Similar could be the case for those who draw an annual income of less than Rs 5 lakh
BUSINESS
Budget 2021 EPF tax impact: Investors shifting surplus to NPS, albeit slowly
Tax experts are advising their clients to move the ‘excess’ EPF contribution to other retirement avenues such as the national pension system (NPS)
BUSINESS
Got lower income tax refunds this year? Here's what you must know
Some tax consultants attribute this to the new I-T portal’s e-filing utilities that come with pre-filled data related to your income
BUSINESS
Sumit Mohindra of ICICI Prudential Pension Funds on why NPS returns are better than those on mutual funds
The long-term nature of NPS plays an extremely critical role in generating better returns
BUSINESS
LIC IPO: How policyholders can update PAN and demat details—a step-by-step guide
The finance ministry has indicated that up to 10 percent of LIC’s IPO issue size could be reserved for its policyholders
BUSINESS
Term insurance premiums are set to rise from December: Here’s what you should do
Once you buy a policy, the term rates will remain the same throughout the tenure, so it makes sense to lock into lower rates now
BUSINESS
Simply Save | Expansion in NPS investment universe will help us generate better returns for subscribers: ICICI Pru Pension CEO
Increase in awareness, increase in investment management fees and more avenues to invest augur well for the NPS space, Sumit Mohindra, CEO, ICICI Pension Funds Management Company tells Preeti Kulkarni
BUSINESS
Explained: How corporate NPS works and offers additional tax benefits
NPS gives additional income-tax benefits if your employer offers it too. These deductions are available for old and new income-tax regimes
BUSINESS
Five common reasons for policyholders to be dissatisfied with insurance companies
Complicated insurance clauses lead to a lot of heartburn as they often lead to only partial claim settlements
BUSINESS
Mis-selling and claim rejections top complaints at insurance ombudsman
In the annual report, the council of insurance ombudsman advised insurers to put in place effective communication channels for prompt resolution of policyholder grievances
BUSINESS
Filing your income-tax returns in the new portal? Here’s a simple step-by-step guide
This is the first assessment year when you will have to indicate the tax regime you have chosen
BUSINESS
Why do your insurance claims get rejected? Check out these five bizarre clauses
An insurance policy is a cover against unforeseen emergencies, but some grounds for rejecting claims dilute the protection it provides
BUSINESS
Explained: Why the interest credit to your EPF account gets delayed every year
The central board of trustees meets in March to announce the interest rate for the financial year, and the proposal is then forwarded to the finance ministry for ratification
BUSINESS
ICICI Lombard introduces cover with cashless settlement for out-patient medical needs: Should you buy?
The solution will be offered through the company’s app to existing and new policyholders. It will come at extra cost, bundled with the insurer’s flagship comprehensive health policy
BUSINESS
Tax Form 26AS gets comprehensive: Mutual fund dividends, off-market trades and foreign remittances to be captured
The I-T department is trying to populate as much financial data as possible and track people who do not pay due taxes
BUSINESS
How HDFC Ergo made a bike’s engine capacity the moot point in an accident claim settlement
HDFC ERGO had first said that the policyholder was riding a 350cc bike, and denied the claim. But the insurer later paid out the claim and eliminated the exclusion from its product
BUSINESS
Filing your income tax returns? Here are answers for five frequently asked questions
Using a wrong ITR form will result in your returns being held invalid
BUSINESS
Dear millennials, use time and technology to your advantage on money matters
Use online platforms to invest in mutual funds and avoid the urge to make quick money via unregulated cryptocurrencies
