BUSINESS
Missed utilizing all tax deductions? Claim them while filing your returns
Spent on your uninsured parents' COVID treatment or paid a processing fee for a home loan? You can claim these amounts as deductions, subject to limits
BUSINESS
See your kid as a Manu Bhaker or Neeraj Chopra in the making? Here's how to fund your child's Olympic dream
At the junior level, for any sport, the recurring expenses could work out to Rs 15,000 a month. Planning for your child's sports career require an understanding of your child's talent and inclination. But more importantly, a good coaching academy that excels in the sport your kid wishes to take up.
BUSINESS
SBI Life’s eShield Next: Should you take the term insurance cover?
eShield Next gives you the option to increase your sum assured as you grow older
BUSINESS
Phishing, malware attacks, fraudulent money transactions: How cyber insurance can protect you from internet frauds
Cyber insurance covers have mainly been offered to corporates. But after IRDAI came up with a model cyber insurance cover, expect more insurance companies to offer covers to individuals too
BUSINESS
Bought a house with a disputed title? IRDAI wants insurance companies to protect you
Title insurance is a cover that protects a potential owner of a property against financial loss from defects in the title of the real property. IRDAI has asked insurance companies to offer such policies to consumers
BUSINESS
Fear being hit by a cyber fraud? Here is how the insurance regulator has planned for your protection
Despite cyber insurance policies being around, most of these policies cater to corporate clients. IRDAI h wants to change that and has a model policy planned for retail consumers
MCMINIS
How to recover failed ATM transaction costs
BUSINESS
Those above 75 need not file tax returns: Conditions apply, form notified
The elderly will have to declare their income in Form 12BBA, which has been notified by the CBDT. They will have to submit this form to their bank
BUSINESS
Explained: All about how your EPF contributions above Rs 2.5 lakh would be taxed
High-earners whose basic annual salary is over Rs 21 lakh or Rs 1,73,612 a month would be affected. For government employees, this EPF contribution threshold is higher, at Rs 5 lakh
BUSINESS
Filing your income tax returns? Check your form 26AS details first
Form 26 AS, which was revamped last assessment year (2020-21) to capture high-value transactions, contains details of your taxes deducted and deposited
BUSINESS
How highest NAV guaranteed ULIPs (mis)-sold years ago are coming to haunt policyholders now
In Highest-NAV-guarantee Ulips life insurers failed to clarify that the ‘highest NAV’ was not the same as highest market levels
BUSINESS
Simply Save | The new income tax return portal: Will the glitches queer the pitch for tax return-filers?
What are the glitches tax-payers need to aware of? Preeti Khurana, Chief Editor, Clear.in, a tax consultancy portal weighs in on the issue in this episode of Simply Save. Tune in for details
BUSINESS
More equity in NPS, newer fund managers allowed, but startup investments still being examined: PFRDA Chief
In a media interaction, PFRDA chairman Supratim Bandyopadhyay said that the difficulty in valuing startups on a daily basis makes it difficult for such investments to be allowed in the national pension system
BUSINESS
ULIP woes: How a senior citizen lost 90% of his premiums after staying invested for 14 years
A Max Life Insurance policyholder had bought a ULIP in 2007. But the insurer cancelled the policy and paid him one-tenth of the total amount he had invested until then
BUSINESS
What should family members do with a deceased person’s health, car and home insurance policies?
It is important to complete the process of transferring these policies to eliminate procedural hiccups in future
BUSINESS
How fresh graduates must structure their salaries for more cash in hand
Do not be swayed by a seemingly large gross remuneration package if conveyance reimbursement, variable pay and insurance premium make up a major part of it
BUSINESS
LIC Saral Pension: Low annuity rates, but trust factor trumps return consideration
All features and clauses of the pension product are the same across insurers, but the annuity rates are left to the companies
BUSINESS
Buying a life insurance policy? Link it to the married women’s property act to pass on benefits smoothly
Bring your life cover under the purview of the Married Women’s Property Act to ensure that the claim amount goes to your wife and children alone
BUSINESS
Covid has orphaned many children. Here's how to protect their future
You must make provisions to ensure that your wealth is passed on to your children even if you are not around to protect them
BUSINESS
Why buying student travel insurance plan is necessary for children studying abroad
Taking adequate insurance to cover your trip as well as stay throughout the academic year is important.
BUSINESS
Guardian for a COVID-orphaned child? Learn about late parents’ bank accounts and insurance policies
In case the minor children have not been appointed as nominees, the guardian can, on their behalf, produce proof such as death certificates
BUSINESS
Wish to be the guardian for a COVID-orphaned kid? Here’s how you can get legal and financial information
If you are the guardian of a child, you need to ensure that the kid gains access to the assets his/her parents might have left behind.
BUSINESS
Three years since Section 377 abolishment. Can LGBTQIA persons buy insurance, nominate each other, invest in MFs, take a home loan?
Transgender couples suffer due to fewer tax benefits and lack of financial products. While some institutions are sensitive and want to offer help, a grey area would exist until Courts in India permit same-sex marriages.
BUSINESS
Declare all pre-existing diseases or your health insurer will reject claims
Insurers can decline claims and even cancel the policy, in case they find important facts being hidden or misrepresented at the time of buying the policy
