News

15/01/2025

Insurance for all by 2047 A push for awareness, accessibility, & affordability

With positives like growing digitisation, progressive regulatory policies, and a gradual rise in awareness, this is the opportunity to reimagine the insurance landscape

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13/01/2025

Budget 2025: Introduce separate tax benefit for term insurance, increase health premium deduction limit, say top insurance officials

Insurers also want FM Sitharaman to consider extending the additional Rs 50,000 tax exemption for NPS contributions to pension plans from life insurance companies too

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10/01/2025

Belated ITR Filing 2024-25: Don’t miss this new deadline! Check penalty, steps to file belated tax return

Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns as December 31, 2024. Later, it extended this deadline to provide additional time for taxpayers.

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17/12/2024

LIC unclaimed maturity amount at Rs 880.93 crore in FY2024: How to check if there is any unclaimed amount in your LIC policy

The Life Insurance Corporation (LIC) told Parliament on Monday that it has unclaimed maturity amounts of Rs 880.93 crore for the year 2023–2024.

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16/12/2024

Health Insurance : For easy claim you need to do this, otherwise things can get difficult

Health insurance is beneficial in difficult scenarios such as medical emergencies. Nonetheless, this is achievable only if the details provided by you and the company in the health insurance policy are clear.

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16/12/2024

'Pre-existing diseases' & health insurance: How it works

In simple terms, a pre-existing disease is any health condition that an individual has experienced before purchasing a health insurance policy.

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16/12/2024

Insurance in 2024: Higher life insurance surrender values, shorter moratorium period in health insurance and more

The regulatory reform from IRDAI that attracted the maximum attention was the change in computation of surrender values and charges for endowment policyholders, but the regulator modified several other rules that directly affect retail life, health and general insurance policyholders.

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09/12/2024

What is LIC’s ‘Bima Sakhi Yojana’ for women?

The Bima Sakhi Yojana is a transformative initiative launched by the Life Insurance Corporation of India (LIC), designed to empower women, particularly in rural areas, by providing them with employment and financial independence .

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29/11/2024

Inflation Calculator: What will be the value of Rs 1 crore in 20, 30 and 50 years from now?

This article explores how inflation erodes the value of Rs 1 crore over time, calculating its worth in 20, 30, and 50 years based on a 6% inflation rate.

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