Compensation towards Covid death claims were reported under individual, group policies and the PM Jeevan Jyoti Bima Yojana (PMJJBY). Back-of-the-envelope calculations indicate that the average claim per person was Rs 7,63,965.
To ensure the financial well-being of your children, let us learn about five financial gifts one can leave for their family.
As Indians wake up to the fact that long-term wealth creation and protection is critical, many are urgently re-evaluating their long-term portfolios.
The central bank had last imposed regulatory regulations on PMC for six months on September 23, 2019 citing various irregularities, hiding and misreporting of loans given to real estate developer HDIL.
The total number of policies sold in the year 2018-19 stands at 2.86 crore, with a first-year premium (FYP) of 97,690 crore. Out of the number of policies sold, women accounted for 1.03 crore policies in FY 2018-19 (90 lacs in previous fiscal) with an FYP of Rs 36,525 crore in FY 2018-19 (29,801 crore).
Life Insurance Corporation (LIC), which is gearing up for its initial public offering (IPO), on Friday said investments made by the corporation in government securities rose to Rs 2.81 lakh crore in the period between April-January 2020, much higher than the target of Rs 2.55 lakh crore. India’s largest insurance company with assets of over
Lastly, the pre-determined withdrawal rates may not work if your savings include high-risk investments, prone to market volatility.
"If you look at people between 30 and 35 years old another 17 lakh policies. We have sold 44 lakh policies to people below 30 years old, or millennials," says TC Susheel Kumar, Managing Director of Life Insurance Corporation (LIC).
The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.
The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.
The last date to file your Income Tax Returns for the 2019-20 assessment year is August 31. If you earned over Rs 2.5 lakh before tax deduction, then you are liable to file tax returns. If you are a salaried employee or have an income other than salary, Tax Deducted at Source (TDS) would have been deducted from your income.
After distributing 95 per cent of surplus to policyholders, balance Rs 2,430.19 crore is government’s share.
There’s a lot of confusion, especially among those whose income falls below Rs 2.5 lakh per year, about whether there they need to file an ITR or not. Here are the advantages of filing returns.
The maximum inventories are in 1 and 2 BHK configurations totaling 5,87,500 units. In sales, configurations of one and two bedrooms were the most sold and contributed over 85 per cent of total sales.
According to financial experts, while having more than one health insurance policy cannot be seen as a necessity, it can certainly provide some additional benefits.
The concept of owning a life insurance arises when one wants to replace potential income loss that his/her family could suffer from in their absence.
The study highlights that one of the major causes of cancer is tobacco, which is related to 24.4–65.2 per cent of cancer in males and 6.9– 42.3 per cent of cancer in females in India.
The west zone, comprising Maharashtra and Gujarat, have taken 26,280 policies