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This Raksha Bandhan, give more than cash: Gift your sister financial wisdom and investments
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Gift your sister a term deposit, a SIP in mutual funds, enrol her for a financial planning workshop or book an appointment with a financial adviser to make a personalised investment plan.
2024-08-19
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Health insurance: How to choose the best plan
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A recent report by Apollo Hospitals, one of India's leading healthcare groups, paints a grim picture of the nation's health. Released in April, the report dubbed India the “cancer capital of the world”, highlighting a worrying rise in cancer cases and other non-communicable diseases (NCDs).
2024-08-17
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Budget 2024 Key Highlights: From capital gains, income tax changes to employment initiatives, here are the key takeaways
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Union Budget FY25: FM Nirmala Sitharaman presented the 2024-25 budget focusing on job creation and boosting consumption. Key highlights include capex at ₹11.11 lakh crore, tax rationalisation efforts, and schemes for employment, skilling, and women empowerment.
2024-07-23
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Budget 2024: What’s cheaper and costlier? Here's the list
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The reduction in customs duties on gold and silver to 6% is expected to stimulate retail demand and help mitigate smuggling issues in the world's second-largest bullion consumer.
2024-07-23
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LIC Q4 net profit rises marginally to Rs 13,762 cr, asset quality healthy; announces Rs 6 interim dividend
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LIC Q4: Its gross non-performing asset (GNPA) stood at 2.01 percent against 2.56 percent in the year-ago period The insurer announced an interim dividend of Rs 6 per share.
2024-05-28
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LIC maintains lead in Indian insurance market, eyes rural expansion
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With an eye on expansion, the management outlined plans to penetrate Tier-2, Tier-3, and rural areas, and to fortify its position against private competitors
2024-05-28
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International Women's Day: Only 26% women are decision-makers when it comes to buying health insurance, finds Future Generali study
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International Women's Day: Compared to motor insurance, where over 50 percent women said they understood their policy benefits and clauses, only 32 percent were aware of their health insurance coverage details.
2024-03-08
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LIC launches Amritbaal, a traditional savings life insurance plan for children
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The product is targeted at parents who wish to create a long-term corpus to meet the higher education needs of their children.
2024-02-16
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LIC Q3 results: Net profit jumps 49% YoY to Rs 9,441 crore
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The insurer’s net premium income grew 4.67 percent to Rs 1.17 lakh crore in the quarter under review, from Rs 1.11 lakh crore in the year-ago period
2024-02-08
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This Dussehra, use this method to boost your health insurance
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While financial planners plan for retirement, education, marriage, home purchase, travel, etc., they generally miss out on one of the most important life goals – the physical survival goal. Here is how it can be remedied.
2023-10-24
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GST refund on premiums makes term insurance more attractive for NRIs
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The 18 percent refund should sweeten the deal for expat Indians seeking to secure their families back home.
2023-10-11
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How to choose the right health insurance plan for your needs
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[Partnered] The right health insurance plan should be chosen after giving considerable thought to your needs, finances, and accessible possibilities. It's an investment in your health and financial stability that gives you peace of mind by ensuring that you and your loved ones are covered in the event of an emergency medical situation.
2023-08-29
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Buying health insurance? Six factors individuals with pre-existing conditions should be aware of while purchasing a plan
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Health Insurance: Healthcare costs are skyrocketing significantly. And, this is when health insurance comes in handy. The financial security of an individual is protected by having health insurance. With the ever-rising instances of diseases, health insurance today is a necessity.
2023-07-25
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How Much Health Insurance should a fresher get?
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It is wise to purchase a personal health insurance policy even if you have one through your employer
2023-06-13
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Section 80D: Ensure you claim all tax benefits on health insurance premiums while filing I-T returns
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Section 80D offers tax breaks on health insurance premium paid for self, spouse, children and parents. You can avail of tax breaks at the time of filing returns, even if you have missed out on claiming these while submitting tax-saver investment proofs to your employer
2023-06-13
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LIC Q4 profit surges nearly 6-fold to Rs 13,428 crore; dividend declared
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LIC earned net commission of Rs 8,428.5 crore for the last quarter of FY23, growing 5.4 percent over the year-ago period, and showing a massive 33.4 percent increase compared to previous quarter.
2023-05-25
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World Health Day 2023: 3 things you must check before buying health insurance
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World Health Day 2023: Innovations in health insurance have led to the inclusion of day-care and OPD expenses, and even the cost of preventive health checkups, in certain policies for a reasonably priced premium.
2023-04-07
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LIC Q3 result: Life insurer's net profit surges multi-fold to Rs 6,334 crore
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LIC Q3 result: The life insurance behemoth’s net premium income grew by 14.5 percent to Rs 1.11 lakh crore for the December quarter from Rs 97,620 crore a year ago
2023-02-09
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What's OPD? What about 30-day waiting period? Health insurance nuances still vague to most policyholders
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A survey by ICICI Lombard showed that about 48 percent of policyholders were unaware of the features of their own health insurance policies, like out-patient cover, pre-post hospitalisation and so on.
2023-02-07
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Looking to buy a term insurance policy? Calculate your Human Life Value (HLV) first
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Buying a term life insurance policy is the decision of a lifetime. So, it’s important that the amount arrived at is correct. Human life value (HLV) is one of the methods of computing the right cover amount.
2022-12-28
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Why you should buy health insurance now, and not wait till retirement
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Buying health insurance when you are comparatively younger and healthier will supplement your employer-provided cover for any higher hospitalisation bills and there will be no hassles in terms of renewability. If you want to buy insurance at an advanced age and have some new health issues, insurers may not even be willing to cover you.
2022-12-07
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Three reasons why you must consider buying term insurance, even if you are single
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A term life policy is as valuable for singles as for those married and with children. It will cover your liabilities, and ensure your dependents have financial protection in your absence.
2022-06-10
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How to insure against hassles at the time of health claim settlement
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Settling claims has never been an easy process, for insurers or for consumers. However, the process can be made simpler if consumers go in for digitally enabled insurance advisors who will help consumers choose the best policy as per their needs
2022-06-02
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Should you revive your old term insurance policy or buy a new one?
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The best option is always to ensure that your policy remains active and the premiums are paid on time. If, for some reason, your policy lapses, get yourself covered again as soon as possible.
2022-06-01
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Supplement your corporate health plan with personal insurance policy
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In view of the rising incidence of health issues, increased cost of hospitalisation, employees should have a second line of coverage.
2022-05-26
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How to maximise your chances of securing an insurance claim
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The most important document that is referred to at the time of the making a claim is the proposal form that is filled out when applying for the insurance policy
2022-05-24
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Four advantages of opting for a multi-year health insurance plan
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If you don’t want the hassle of renewing your policy each year and can afford the higher one-time premium outgo, opting for a multi-year health insurance plan could work to your advantage.
2022-05-17
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A mistake in filling up the hospital forms can cost you your insurance claims
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Taking treatment at non-cashless network hospitals, ‘unnecessary’ hospitalisation and ‘unreasonable’ charges are some of the lesser-known causes due to which your health insurance claims could get rejected
2022-05-16
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How wellness benefits can help reduce your health insurance premium
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Health insurers can incentivise policyholders who meet wellness criteria by offering reward points or lowering health insurance premiums at the time of renewal. This feature is a win-win for both parties.
2022-05-16
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Why health insurance is a must in young mothers' protection portfolio
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This Mother’s Day, you should consider purchasing an adequate and comprehensive health insurance cover for yourself and your family.
2022-05-08
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Securing a home loan liability: Home loan insurance or term policy?
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The main difference is that home loan insurance covers property, while a term policy covers a person’s life
2022-04-27
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LIC IPO | How can policyholders invest in the mega listing?
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LIC reserves up to 10% of offer size for policyholders
2022-04-27
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Know the non-medical expenses that your health insurance policy won’t cover
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Medical insurance policies don’t cover all expenses incurred on hospital treatment. Becoming aware of the exceptions will help in the selection of a medical policy and reduce one’s out-of-pocket expenses.
2022-04-19
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Five things to watch out for before choosing your life insurance policy
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A recent survey conducted by the Life Insurance Council showed that 91 percent of those surveyed are aware of what an insurance policy is, but only 60 percent own a policy.
2022-04-13
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Got an insurance complaint? Advanced redressal mechanism on the cards
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Will seek feedback from policyholders on complaint resolution, lay emphasis on data analytics to ensure quick corrective action, says IRDAI chief Debashish Panda
2022-04-12
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Your motor insurance checklist as COVID-19 restrictions ease out
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The absence of a valid motor insurance policy will expose you to the risk of huge financial and personal loss, in the event of an accident. The absence of a policy can also land you in legal trouble.
2022-04-06
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