Sharing KYC documents was previously an option made while buying insurance. However, from 1st Jan 2023, the insurers will need to obtain KYC documentation from each of their separate clients.
Purchasing health, vehicle, and other insurance will require KYC from January 1st Read More »
The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to developments said.
Good News!! Income Tax Exemption might be extended to Rs 5 lakh in Budget Read More »
It’s crucial to know what kind of life insurance policy you have before we go through the step-by-step procedure for surrendering a life insurance policy.
Not satisfied with your life insurance plan? Here is how to surrender. Read More »
The Department of Financial Services has received complaints alleging that banks use dishonest and unethical methods to sell insurance policies to bank customers.
The Finance Ministry instructs banks not to sell insurance products by unethical methods Read More »
High operating and distribution costs and inflated hospital expenses have kept the cost of health insurance products elevated, making them unaffordable for a section of the society, Insurance Regulatory and Development Authority of India (Irdai) Chairman Debasish Panda said on Tuesday. “We have to look at ways of reducing expenses to make insurance affordable,” said
Use technology to make insurance affordable, says Irdai chairman Panda Read More »
The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers for the purpose of determining withholding tax implication
CBDT exempts NRI taxpayers from mandatory Form 10F e-filing for now Read More »
There is a provision in law that claims cannot be denied, unless there is patent fraud, after 3 years. This means that if the discrepancies in your health status are minor, then claims will be paid once 3 years are over. If the discrepancies are significant, the insurer could contest your claim
How do I get refund for policies that were mis-sold to me? Read More »
The total amount of compensation released to states and Union Territories so far this financial year is Rs 1.16 lakh crore
Centre releases Rs 17,000 crore GST compensation to states for April-June Read More »
List to choose the best multispeciality hospital in Mumbai for you and your family, look over the features, specialisations, and cutting-edge technology of these four hospitals.
Top 4 Multispecialty Hospitals in Mumbai Read More »
Unit Linked Insurance Plan (ULIP) is a multi-faceted life insurance product. A ULIP is a life insurance and investment plan in one. As a policyholder, you must make regular premium payments, a portion of which is used to provide life insurance coverage. The remainder is combined with assets received from other policyholders and invested in
What is a ULIP Plan, exactly? Read More »
