Taxpayers are expecting stab-rate changes and higher deductions in the old tax regime ahead of the 31 July deadline for filing income tax returns, but Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India believes the old tax regime could be discontinued in phases. While he is not in favour of offering … Read more
I am the founder of a 25-person startup. What types of group insurance should I buy for my team? Are these policies available for small companies like ours, or are they exclusive to larger companies? —Name withheld on request For a startup, often the right set of insurances become critical to attract the right quality … Read more
His early investments, however, lacked direction and focus, Mishra admits. To get some feedback, he anonymously posted his portfolio on Reddit, a community-based platform. A fellow user pointed out that his portfolio was overcrowded with too many mutual funds, prompting Mishra to rethink his investment strategy. At the time, Mishra had 14-15 mutual fund schemes … Read more
Two is better than one. That’s certainly true for India’s standalone health insurance (SAHI) sector, which currently has only one listed company, Star Health and Allied Insurance Co Ltd. The upcoming listing of Niva Bupa Health Insurance Co will provide another option to investors looking to participate in the SAHI growth story. Based on net … Read more
Is there a limit on how much insurance companies can increase renewal premiums by? As individuals age, could they face a 40-50% hike in premiums? —Name withheld on request. Unfortunately, there’s currently no cap on health insurance premium increases in India. This, indeed, can be a burden, particularly for older individuals. While premiums can rise … Read more
The new to health individuals, represented by young adults and Gen Z, are today demonstrating a forward-thinking and practical approach to financial matters, understanding the importance of long-term financial well-being. Amid their daily personal and work responsibilities, taking care of their health has become a top priority. As a financially savvier younger generation they see … Read more
Here is the review of Niva Bupa Personal Accident Policy and their distinct features which cater to the needs of common people. 1. Age Limit, Coverage and Policy Options – The minimum age to enter for individuals aged 18 years to 65 years. Whereas, the children aged between 5 and 21 years are covered under … Read more
As a mother, your love knows no bounds when it comes to taking care of your family. From nurturing your children to supporting your spouse, you juggle multiple roles effortlessly. However, amidst the daily hustle, it’s crucial not to overlook your own health and well-being. One of the most effective ways to safeguard yourself and … Read more
What is the 3-bucket strategy? The 3-bucket strategy involves appropriating your retirement corpus into three separate investment buckets to cater to your cash flow needs during different periods of the retirement years. Each bucket is based on a specific time horizon and serves a specific purpose. The strategy ensures you keep getting regular cash flows … Read more
I am 28 and earning ₹6 lakh annually. I have term insurance of ₹60 lakh. I also have health insurance of a family floater of ₹5 lakh covering me, my wife and our 3-year-old daughter). Now, I came to know about critical illness insurance. Which aspect should I take care of while purchasing critical illness insurance? … Read more