Senior Citizens

Chennai actor pledges Rs 1 lakh to 80-year-old man abandoned by daughter after viral post

Raghava Lawrence, known for his philanthropic work, also urged the public to support the couple directly who have been selling home made sweets on Chennai trains to make ends meet.

At 81, this woman is Sweden's hottest DJ: 'There's not a person I can't get onto the dancefloor'

At her gigs, DJ Gloria can be seen interacting with the crowd, clapping, stepping and swinging lithely to the thumping beat, her dazzling headphones hugging her ears. The senior citizen has a varied background as a jazz singer, clothing designer and garden centre owner.

World Senior Citizen's Day: Smart financial decisions for a comfortable retirement

Senior citizens can secure their retirement finances by organising investments, creating a realistic cash flow plan, managing medical expenses, and being cautious of potential scams and financial frauds.

Where should senior citizens invest their pension funds for higher returns

It's all about growth and safety in combination—here's how retirees can earn more money without having to bear too much risk.

Senior Citizen FDs: Here are the banks that offer up to 8.5% interest for 3 years

Utkarsh Small Finance Bank and Jana Small Finance Bank top the list of banks that offer interest rates of 7.25-8.5 percent to elderly depositors.

How senior citizens can get loans after retirement: Best options explained

From reverse mortgages to pension-backed credit, here’s how retirees can access funds easily.

Leading government-run banks provide close to 8% FD returns to senior citizens for June 2025

Senior citizens can lock in good mid-term fixed deposit rates before anticipated declines become effective.

GST Council likely to take up insurance tax relief at next meeting, GoM may stick to full exemption proposal

The Group of Ministers (GoM) on insurance is expected to stick to its previous recommendation, which had call for a full GST exemption on term life as well as health insurance premiums for senior citizens.

ITR filing 2024-25: Exemptions and deductions for senior citizens

Senior citizens choosing the old tax regime can claim deductions under Section 80C on investments, including the tailor-made SCSS, as also deduction of up to Rs 50,000 on health insurance premiums or expenses, among others

How senior citizens’ health insurance space is evolving in India

Rising healthcare costs have resulted in 73 percent of the elderly now opting for policies with higher coverage of over Rs 10 lakh, as per Policybazaar.

Nirmala Sitharaman delivers Budget 2025: What's in it for senior citizens?

Sitharaman presented her 8th consecutive Union Budget to the Parliament amid a slowdown in the economy and moderation in real wages

Budget 2025 wish list: Increase senior citizens' basic exemption limit to Rs 10 lakh, provide relief on health premium deduction

Deduction on health insurance premiums paid by senior citizens or their children on their behalf should be raised from Rs 50,000 to Rs 1 lakh, say industry-watchers.

GST relief on life, health insurance to cause Rs 2,600 crore revenue loss annually

The GST Council, in its upcoming meeting on December 21, will likely discuss the GoM report on insurance relief and give six months extension to GoM on Cess. However, the GoM report on real estate will not be discussed.

Why wills and power of attorney are essential for senior citizens

Wills and powers of attorney are vital for senior citizens to protect their financial and healthcare wishes. Seniors should choose trusted individuals and keep documents updated for comprehensive security.

SCSS Interest Rate 2024: Secure 8% Returns for Senior Citizens

SCSS is a safe, tax-efficient choice for senior citizens looking to maximize returns and secure their financial future.

5 best investment options for senior citizens for high returns and financial security

Whether you are seeking a regular income, tax benefits, or a balance of growth and safety, there are investment choices that cater to different financial requirements. We explore five of the best investment options for senior citizens that offer good returns.

Private banks that offer up to 8.05% interest on 3-year fixed deposits for senior citizens

Senior Citizen FD Interest Rates: Experts recommend that conservative senior citizens can secure a stable income stream by investing in FDs for a longer tenure to fetch a higher rate of interest. A delay may lead to a potential decrease in the rate, they warn.

Banks approach RBI for higher deposit cover for senior citizens: Report

Banks have suggested that the deposit insurance coverage of Rs 5 lakh be raised for senior citizens who are the most vulnerable section of depositors

World Mental Health Day 2024: Use art and music therapy to boost emotional health of seniors

Art and music therapy are powerful tools in geriatric care, bridging the gap between physical health and emotional well-being. These therapies create an environment that nurtures the body while enriching the souls of older adults. Here's how they can make a positive impact.

Ayushman Bharat scheme's expansion not enough. Quality & choice of care also important