BUSINESS
Link your provident fund UAN with Aadhaar: Here are the steps to follow
You link the two through the EPFO member portal. Activate your UAN if you haven’t already and log into the account.
BUSINESS
Saral Pension: Standardised annuity for retirement income, but taxation hurts returns
The standardised pension product offered by insurers will have common features. Returns, however, will vary
BUSINESS
Aadhaar not linked to EPF account? Your provident fund deposits will not get credited
Your access to EPF benefits will be suspended until the process is completed. Remittances to your account that will be affected
BUSINESS
Does your doctor send Covid-19 prescriptions on WhatsApp? Your insurer may disapprove
Recovering from Covid-19 is half the battle won. Getting your insurance policy reimbursement is the other half. Reasons like delay in intimation and document submission and treatment without confirmed COVID tests, can hurt your claims
BUSINESS
World Cancer Day: Know how a critical illness policy can ease treatment cost burden
Serious diseases such as cancer entail huge treatment expenses that can jeopardise your financial future. A critical illness cover can supplement your regular health insurance policy and pay for expenses beyond hospitalisation bills.
BUSINESS
Health policy premium hiked during renewal? Port out to a new insurer
If your insurer sends a renewal notice quoting exorbitant premiums, your options are limited. You can look at switching or porting to another insurer while retaining the waiting period credit for pre-existing diseases.
BUSINESS
Have seen increased death claims due to COVID-19: Edelweiss Tokio Life Insurance
The full impact of the second wave on life insurance claims is yet to be seen, says Executive Director Subhrajit Mukhopadhyay
BUSINESS
Checking into a hotel for COVID-19 treatment? Here's how you can claim reimbursement from your insurer
If the admission to hotels is on the recommendation of the treating doctors and hospitals, the claim will be paid
BUSINESS
Lost loved ones to COVID-19? Here’s how you can track their assets and investments
Checking bank account entries, mutual fund and insurance statements of the deceased can give an idea of their assets and liabilities
BUSINESS
Are life insurers still reluctant to cover frontline COVID doctors?
Some doctors say higher value term covers are elusive and that they are made to sign additional declarations while applying for life insurance polices
BUSINESS
COVID-19 second wave insurance claims: Younger patients, longer hospitalisation
Though the second wave is more ferocious, insurers believe they are better-prepared in the light of last year’s experience
BUSINESS
Explained: Pre and post-hospitalisation expenses in your health insurance policy
Your health insurance policy covers more than just hospitalisation expenses
BUSINESS
Money lessons to learn from one year since COVID lockdown
The importance of having a health insurance cover and an emergency fund has been realised. Switching lenders to reduce EMIs is another key lesson
BUSINESS
Got the COVID-19 jab? Health insurers may offer discounts on premiums
Applications of co-morbid persons who are vaccinated or have developed anti-bodies post-recovery, are viewed more favourably
BUSINESS
One year of COVID-19: Health insurance claim settlement hinges on IRDAI's nudge
The regulator's push is slowly helping in better COVID-19 claim settlement. Approach the insurer or ombudsman in case of unfair settlement.
BUSINESS
One year of COVID-19: The tale of unsettled health insurance claims
Many COVID-related claims were rejected by health insurers. Some of the reasons cited were unjustified and customers are locked in disputes with insurers.
BUSINESS
Term insurance premiums to rise from April: Lock into lower rates now
An increase of 10-20 percent is expected life insurance premiums. It may be cheaper to buy a cover now.
BUSINESS
Saral Jeevan Bima: Simple term insurance covers with expensive premiums
The IRDAI-mandated standard term insurance cover’s premiums are 25-100 percent costlier than regular term policies
BUSINESS
Cheaper home loans from SBI, Kotak Mahindra Bank: Switch lenders to benefit from lower interest rates
Home loan balance transfer can reduce the interest burden and knock EMIs off your repayment schedule
BUSINESS
Buying a life insurance policy? Don’t go by the claim settlement ratio alone
For policies that come with larger sum-assured, the claim settlement ratio could be misleading.
BUSINESS
This tax-saving season, avoid these common investment mistakes
Buying unnecessary life insurance policies, borrowing to invest for saving on taxes, and mixing financial and tax planning are best avoided
BUSINESS
Does the tax on ULIPs reduce their edge over mutual funds?
Purely from an income-tax angle, ULIPs with premiums lower than Rs 2.5 lakh may work out better than mutual funds
BUSINESS
Despite Budget relaxation, taxpayers aged 75-plus may be better off filing I-T returns
Budget’s concession on tax return filing for senior citizens comes with too many strings attached and more clarity is awaited
BUSINESS
ULIP taxation: Limited clarity on key aspects after Budget announcement
Tax experts differ over the implications of early ULIP surrenders, debt fund options
