Published By: Business Desk Last Updated: September 17, 2023, 09:15 IST Insurance policies are important as they provide financial safety to you or your properties in case of an unforeseen situation. (Representative image) Term and Life Insurance are two policies that a lot of the times look similar and alike but when noticed closely these…
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…
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…
Curated By: Business Desk Last Updated: August 11, 2023, 12:16 IST Insurance plans not only help you multiply your wealth but also provide security to your family. It can help you save money on your yearly taxes too. Insurance can be attractive to many people, but some feel burdened to pay a fixed amount every…