News

Gold prices today collapse, down ₹4,500 in 2 days; silver rates crash

Gold prices today collapse, down ₹4,500 in 2 days; silver rates crash

Analysts say that new of Russia approving world's first covid vaccine triggered profit-taking in gold and silver, Silver rates crashed ₹14,000 per kg in just two days

  •   Source: Live Mint
  •   Published on: 12/08/2020

The growing importance of insurance in Covid-19 times

The growing importance of insurance in Covid-19 times

Health and life insurance is not just a matter of benefit but a necessity in these times of emergency. It is predicted that the majority of individuals will be inclined to get a risk cover.


Health insurance misconceptions among millennials – Get clarity now

Health insurance misconceptions among millennials – Get clarity now

Health insurance cover can be purchased not only for yourself but also your spouse, children and parents so that the whole family can enjoy the coverage.


LIC offers up to ₹2,500 concession on revival of lapsed policies: 5 points

LIC offers up to ₹2,500 concession on revival of lapsed policies: 5 points

Concessions are limited to late fee only, LIC said The two-month campaign will end on 9th October

  •   Source: Livemint
  •   Published on: 10/08/2020

What to do if you get a scrutiny notice from the tax department

What to do if you get a scrutiny notice from the tax department

Some of the taxpayers who have reported capital gains are getting scrutiny notices from the tax department asking for more details regarding these transactions.

  •   Source: Livemint
  •   Published on: 07/08/2020

No extension of loan moratorium, but RBI introduces debt resolution plan for eligible borrowers

No extension of loan moratorium, but RBI introduces debt resolution plan for eligible borrowers

Mumbai: The RBI on Thursday said it will provide a debt resolution window to enable lenders to implement a resolution plan in respect of eligible corporate exposures as well as personal loans, keeping the ownership unchanged, and without classifying them as non-performing loans.


Nominees have first right over life insurance claims, not legal heirs

Nominees have first right over life insurance claims, not legal heirs

If an immediate family member is made the nominee, then the proceeds will go to the intended person

  •   Source: Livemint
  •   Published on: 06/08/2020

Life insurance: Physical signatures not required to buy a new policy

Life insurance: Physical signatures not required to buy a new policy

Insurer can send the completed proposal form to the customer's registered e-mail ID or mobile number in the form of an e-mail or a message with a link The customer can then give his consent by clicking the confirmation link or by validating the OTP shared

  •   Source: Livemint
  •   Published on: 06/08/2020

Mediclaim vs health insurance: 5 differences that you just cannot afford to ignore

Mediclaim vs health insurance: 5 differences that you just cannot afford to ignore

Do you know the difference between a ‘Mediclaim’ and ‘Health Insurance Policy’? These two are being used interchangeably. Although, both these terms are used in the context of hospitalisation and medical expenses, they are two very different protection plans. Read this space to know how

  •   Source: Zeebiz
  •   Published on: 05/08/2020

LIC's new business premium jumps 25% in FY20

LIC's new business premium jumps 25% in FY20

New business premium income of LIC's pension and group superannuation business reported nearly 40% growth

  •   Source: Livemint
  •   Published on: 04/08/2020

 LIC’s new premium income soars 25.2% to Rs 1.78 lakh crore in FY20

LIC’s new premium income soars 25.2% to Rs 1.78 lakh crore in FY20

LIC continues to be the dominant life insurer with a market share of 75.90 per cent in policies and 68.74 per cent in first-year premium, it said in a statement on Thursday.


Can guaranteed insurance products ensure stability to your portfolio?

Can guaranteed insurance products ensure stability to your portfolio?

There is a saying – “Don’t put all your eggs in one basket”. Similarly, in your investments too there is a need for diversification through investment in different product categories.


LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors

LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors

The study is based on 351 companies' data from Capitaline Plus, where LIC held over 1 percentage point stake in the June quarter. These companies accounted 72% of total m-cap of BSE-listed companies


LIC settles 561 Covid death claims, eases norms

LIC settles 561 Covid death claims, eases norms

MUMBAI: Life Insurance Corporation (LIC) of India has said that it has settled 561 death claims due to COVID-19 amounting to Rs 26.7 crore. The corporation has also relaxed its norms during the lockdown to allow payment on maturity claims based on email submission of survival benefit requirements and subject to conditions is settling such claims without the policy document.


FY'19 Income Tax Return Filing Deadline Extended till September 30 in View of Pandemic

FY'19 Income Tax Return Filing Deadline Extended till September 30 in View of Pandemic

This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 fiscal.

  •   Source: News 18
  •   Published on: 29/07/2020

5 things to consider while buying a term insurance policy

5 things to consider while buying a term insurance policy

While choosing an insurance policy, there are more things to look at instead of just the premium of the policy.


 Self-occupied or rented? Here’s how to claim tax benefits on second house property as per new rules

Self-occupied or rented? Here’s how to claim tax benefits on second house property as per new rules

While in some cases all the house property may remain self-occupied, in others, the second house property may be given to someone on rent. Here's how you can claim tax benefits on second house.


How dividend income is taxed in India now – All you need to know

How dividend income is taxed in India now – All you need to know

The Finance Act 2020 has shifted back to the classical system of taxing dividend in the hands of shareholders/unit holders from 01 April 2020, and abolished dividend distribution tax (DDT), wherein the incidence was on the company.