In October 2012, finance minister P Chidambaram had indicated that banks which want to sell insurance policies of multiple insurers should do so as brokers and not as agents.
Talking of insurance in the festive season may look like a spoiler, but wouldn't you want complete peace of mind when you enjoy this season of festivities? A look at five essential covers you must have. Deepti Bhaskaran reports.
If you are a salaried employee, here is a question for you: have you claimed Employees’ Provident Fund (EPF) money from your previous employers?
Have you recently received an email or SMS, asking you to hurry up and buy a life insurance policy before October? If yes, then don’t pay heed.
The PFRDA received a big push towards becoming a statutory authority when Lok Sabha cleared and Rajya Sabha passed the PFRDA Bill, 2011 last week. The Bill now needs to be signed by the President to become law. Deepti Bhaskaran reports.
L&T General Insurance Co. Ltd promises a six hour response guarantee on cashless claims in health insurance. Tata AIG General Insurance Co Ltd goes a step further and says it will take just four hours on its policy called MediPrime.
Are you moving abroad? Chances are that you are still funding some insurance policies bought earlier. If your answer is yes, it’s time to review your insurance policies. Whether you should keep your policies alive or discontinue will depend mostly on the duration of your stay abroad. Deepti Bhaskaran reports.
The frequency of natural calamities is a cause for concern. The destruction it brings with it leaves a big hole in the pockets of those affected. However, with a little care, you can avoid the financial setback. Deepti Bhaskaran reports.
They are listening: Financial sector watchdogs are beginning to use technology to integrate their systems with companies to monitor consumer complaints and ensure speedy redressal. Deepti Bhaskaran, Kayezad E Adajania and Vivina Vishwanathan reports.
The Pension Fund Regulatory and Development Authority (PFRDA) declared the annual weighted average returns for the NPS investment funds on May 15. Deepti Bhaskaran
reports. NPS performance
Choose insurance plans to first get a safety cover, then to save tax. Fix goals, assess risk appetite, make asset allocation and then scout for products. And, do this at your own pace and not under deadlines, reports Deepti Bhaskaran.
After a deep lull that lasted a little more than two years, unit-linked pension plans (ULPPs) have once again started entering the market.
One can now check balance, download account statement showing contributions and track claim status.
Are you married? Have kids? Have parents with meagre pension? Have a house of your own but don't have home insurance? Unaware of medical insurance? Pause for a moment, it is time to review your insurance portfolio. Deepti Bhaskaran
In a notification issued rcently to four state-run non-life insurance companies, the ministry of finance has asked them to go for negotiated settlement or out-of-court settlement of motor third-party claims. Deepti Bhaskaran reports.
Before you can drive out your new car, you find yourself signing up for a car insurance policy. Answers to three questions will keep you ahead while making a claim. Deepti Bhaskaran writes.
One plus one offers work very well in retail products. The insurance industry, too, is trying to adopt a similar strategy to attract customers. In health insurance, four companies are offering to restore your health cover after you have exhausted it during the term. But unlike retail products, this doesn’t come for free but at a reduced premium. There are other caveats, too, to consider before you go for it.
In order to make filing tax returns easier, the government has taken two initiatives.
The government has been trying to simplify tax return forms for some time now. However, this year the focus seems to have shifted from simplification to compliance and transparency, which means more details and information will be revealed in the form.
Five products that won’t ask for a churn or demand complicated procedures and yet would give you tax-friendly returns. Deepti Bhaskaran explains.