Last Updated:February 23, 2025, 16:24 IST There are some steps every policyholder must take before finalising their policy. Fake Insurance Policy. Purchasing a fake insurance policy can lead to serious problems. You may think you have coverage, only to discover when you need it most that your policy is invalid. It’s crucial to be careful…
Last Updated:February 23, 2025, 13:19 IST Bima-ASBA is a significant step forward in making premium payments smoother and customer friendly. Under this IRDAI initiative, policyholders can opt for UPI’s One-Time Mandate (OTM) and authorise the blocking of a specified amount (up to ₹2 lakh) in their bank account via UPI. IRDAI – BIMA-ASB Facility. Bajaj…
In today’s fast-paced world, the pursuit of financial stability often takes centre stage in our lives, overshadowing the beating lifeline of our well-being—our heart. Every year, cardiovascular conditions cause 18 million deaths worldwide, which accounts for 32% of all deaths globally, according to the World Health Organization. With evolving lifestyles and inflated healthcare expenses, it…
Curated By: Business Desk Last Updated: September 04, 2023, 13:06 IST SBI responds to the tweet regarding debiting money for insurance. A customer reported that SBI debited money from his savings account for PMJJBY without his consent. In a concerning trend, multiple cases have emerged where banks have deducted funds from their customers’ savings accounts…
Health insurance covers medical expenses including hospitalisation. (Representative image) When selecting a health insurance policy, keep in mind your family members’ age and their gender. Health insurance plans help subscribers to meet unexpected medical expenses. Different health insurance plans cover costs of treatment and surgeries for a wide range of medical conditions. Instead of getting…
When it comes to securing health insurance coverage for your loved ones in India, the plethora of available options can be overwhelming. Navigating the process of selecting the most suitable plan and understanding how to make a claim can be a daunting task. This informative article aims to assist you in making an informed decision…
Curated By: Business Desk Last Updated: August 18, 2023, 11:43 IST Money is essential to fulfil all sorts of necessities or requirements. Nobody ever desires to have a shortage or lack of money. People should have a good amount of savings in order to live a stress-free and comfortable life. Sometimes due to improper money…
The Central Board of Direct Taxes (CBDT) has issued detailed guidelines to calculate income proceeds from life insurance policies where the aggregate annual premium exceeds Rs 5 lakh. Notifying the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, the CBDT has prescribed rule 11UACA for calculating income with respect to the sum received upon maturity of…
Youth today understands the importance of early financial planning and opt for multiple ways and mediums to grow their money. Along with increased interest towards investment in mutual funds, FDs, and real estate, considerable interest is generated by the IPOs of new-age start-ups. However, insurance protection is one significant investment tool that can create a…
Curated By: Business Desk Last Updated: August 09, 2023, 11:39 IST The Life Insurance Corporation of India (LIC) presents an array of schemes tailored to the distinct needs of its customers. Recently, LIC introduced an exclusive scheme for women, known as the LIC Aadhaar Shila Plan. This plan is a non-linked, individual life insurance scheme…