Richa, a 35-year-old professional, purchased health insurance with a low premium, intentionally failing to disclose her smoking habits and pre-existing heart condition to keep costs down. However, when she required urgent heart surgery a few months later, her insurance claim for the expenses was denied after the company discovered her undisclosed medical conditions during their investigation.
Know about Health Insurance Policy, its types, benefits and factors to consider while buying the Best Health Insurance Policy
A person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.
This blog post explores 10 potential problems you could face without health insurance. Continue reading to learn how to protect yourself and your family from the risks of being uninsured.
The scale of this massive outstanding amount is much higher than the budgets of many central government ministries Unclaimed amounts include settled claims which haven’t been paid out, sums which become due when policies mature as well as excess amounts paid which are to be refunded
At 89%, the survey revealed the highest number of respondents willing to renew their health cover belong to tier-2 cities, compared to 77% from tier-1.
Personal health insurance serves as a financial umbrella for the insured person, and in this case, it's your mother.
India’s largest life insurer’s assets at $463 bn; The 65-yr-old insurance behemoth’s AUM accounts for 18% of India’s GDP
Failure to comply with the deadline may create inconvenience for the defaulters.
With the financial year coming to an end on March 31, many taxpayers would now be looking at ways to save taxes. In the old taxation regime, there is an option to enjoy tax exemption, which is not there for taxpayers in the new taxation regime.With the financial year coming to an end on March 31, many taxpayers would now be looking at ways to save taxes.
With India’s average age of less than 25 years, retirement might seem far away. However, with a rise in average standard and cost of living, medical inflation, etc. retirement is a phase that needs careful planning and precision so as to ensure that there is no compromise on the overall post-retirement lifestyle and expenses.
Indian income tax rules provide a lot of opportunities to reduce your taxable income. However, most taxpayers know and take advantage of ₹ 1.5 lakh deduction available under Section 80C.
We all know how much you love LIC and our articles on LIC policies. Today we are telling you about such a policy that you will have to give only 1 instalment and you will get income every month after retirement. The policy is called LIC Jeevan shanti. Let us tell you about this policy in detail.
Amid the worldwide COVID-19 crisis, many non-resident Indians (NRIs) lost their jobs. Especially those engaged in the service sectors like hospitality, travel or other client-facing businesses have seen pay cuts and layoffs in India as well. News reports suggest that many of these non-resident Indians (NRIs) had decided to move to India for good.
IRDAI forthcoming decision will also include continuation of cover, Standard Fire and Special Perils Policy(commonly known as property policy)- by the general insurers to the ``unoccupied properties’’.for more than one month
Dear Policyholders, we are committed to your safety and wellbeing. The whole nation is fighting Corona Virus COVID-19. Under these challenging circumstances, team LIC assures you that we are doing our best to ensure that critical policy services remain unaffected and you get your due payments on time.
The term insurance market in general has seen the premiums going down in the past few years due to competition
The 10-year US Treasury yield, which is taken as the notional "risk-free" benchmark rate for financial transactions across the world, dropped below 1% for the first time on Tuesday. This came after Federal Reserve slashed interest rate by 50 bps in an emergency move to limit the coronavirus impact. The benchmark 10-year Indian bond yield dropped 8 bps to 6.26%.
We all have experienced the usage and importance of PAN (Permanent Account Number) in our practical lives. PAN is an essential document in filing for income tax returns and to undertake any kind of financial transactions. Every PAN card issued and number allotted to individuals is valid for a lifetime.
According to the new change, any disease that a policyholder gets diagnosed with within the first three months of taking a health insurance policy will no longer be considered as a pre-existing disease.
क्रेंद सरकार ने बजट में एक बड़ी घोषणा की है। इसका असर हाई सैलरी वाले कर्मचारियों पर पड़ने वाला है। वित्त मंत्री निर्मला सीतारमण के प्रस्ताव के मुताबिक, तीन निवेश स्कीमें EPF, नैशनल पेंशन स्कीम (NPS) तथा रिटायरमेंट फंड अब टैक्स के दायरे में आ सकते हैं, क्योंकि इसमें निवेश की 7.5 लाख रुपये की अधिकतम सीमा तय कर दी गई है।
Life Insurance Corporation of India (LIC), India’s largest life insurer, continues to better its performance, thereby winning people’s trust by crossing Rs 1.5 lakh crore new business premium first time in its history and maintaining dominant leadership in this sector.
Today, many of you might be looking at retirement from a different perspective. Gone are the days when Indians preferred sitting back at home to relax after retirement. As a new-age retiree, you might aim to achieve to fulfil your life goals such as traveling, pursuing new sports activities, and so on.
Proper retirement planning ensures that you do not compromise on your current lifestyle post retirement.
Money may be a conversational taboo in your family or social circles. When you hire a financial planner, however, you'll want to leave those inhibitions at the door. Just like your spouse, you should go into any meeting or conversation with a financial adviser or financial planner with complete openness and honesty.
Unlike you might imagine, filing ITR is a straightforward and user friendly process. When you set out to file your ITR, here are the documents you need to keep ready by your side.
After a hiatus of some nine long years, the IRDAI has proposed some changes for its non-linked category of products and ULIPs. Non-linked insurance products are the traditional life insurance plans including endowment and money back plans.
