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Money tasks after death in family: How to close accounts, transfer investments, make claims and more

Money tasks after death in family: How to close accounts, transfer investments, make claims and more

Sort the paperwork and complete financial tasks without leaving any loose ends after the death of a family member. ET Wealth tells you about the documents needed to close accounts, transfer investments and make claims and the processes to complete these tasks.


7 easy steps for women to become financially free

7 easy steps for women to become financially free

While many women have a keen sense of finance, in most cases, they take a backseat when it comes to avenues for growing money and making investment-related decisions


Govt extends due dates for filing IT returns, audit reports, GST annual return

Govt extends due dates for filing IT returns, audit reports, GST annual return

Experts say the govt has given a suitable extension for annual compliance under GST laws as well as income tax laws due to disruptions caused by coronavirus.

  •   Source: Livemint
  •   Published on: 24/10/2020

Income tax return filing deadline for FY20 extended till December 31

Income tax return filing deadline for FY20 extended till December 31

The deadline for filing returns by individual taxpayers for FY 2019-20 has been extended by a month till December 31, the finance ministry said on Saturday.


Most Indians do not have a retirement plan, shows PGIM India MF's retirement survey

Most Indians do not have a retirement plan, shows PGIM India MF's retirement survey

Are Indians prepared for their retirement? Yet another survey result shows that they are not. Most participants of the survey said they did not have a retirement plan.


90% Indians say financial health has a profound impact on their well-being: Survey

90% Indians say financial health has a profound impact on their well-being: Survey

Given the correlation between wealth and well-being, nearly 50 per cent of respondents would like to advise their younger selves to start investing as early as possible in life.


Indians start planning for retirement in their early 30s: Survey

Indians start planning for retirement in their early 30s: Survey

Those who haven’t already planned for retirement, say that they expect to start planning for it by the age of 51, reveals a survey by PGIM India Mutual Fund.


Just Rs 11.57 lakh to retire? Survey shows young Indians grossly unprepared for old age

Just Rs 11.57 lakh to retire? Survey shows young Indians grossly unprepared for old age

Barely one in five considers inflation while planning for retirement. Life insurance and bank FDs are top choices for those who plan for retirement, and this underlines the essential conservatism in most retirement plans.


Like A Boss | LIC Chairman MR Kumar on why a ‘gentle but firm’ leadership style works, the importance of empowered decision-making, and more

Like A Boss | LIC Chairman MR Kumar on why a ‘gentle but firm’ leadership style works, the importance of empowered decision-making, and more

MR Kumar, chairman of India’s largest insurer, due for an IPO next year, on his management style, the book that influenced him and lessons in leadership.


Salaried? Know the changing tax implications resulting from ‘Work from Home’

Salaried? Know the changing tax implications resulting from ‘Work from Home’

Employers have ensured to extend help to employees to make the work environment conducive – reimbursement of certain expenses, grant of additional allowances or benefits, extended medical coverages, etc.


'Insurance is much more than only income tax benefits'

'Insurance is much more than only income tax benefits'

The main objective of a life insurance policy is to provide financial protection to an individual and his/her family, in the face of uncertainties.

  •   Source: Livemint
  •   Published on: 17/10/2020

Mediclaim policyholders see premiums rise up to 70%

Mediclaim policyholders see premiums rise up to 70%

BENGALURU: Annual premium on health covers have risen by 40-70% for policyholders after insurance companies hiked rates following a regulatory diktat to widen coverage and standardise conditions with regard to exclusions.


LIC’s Jeevan Akshay Plan: Get 24 thousand rupees pension every month by paying a premium in this policy of LIC, will get lifetime benefits

LIC’s Jeevan Akshay Plan: Get 24 thousand rupees pension every month by paying a premium in this policy of LIC, will get lifetime benefits

LIC’s Jeevan Akshay-VII, Life Insurance Corporation of India: This is a very popular plan among pensioners and national pension system subscribers. LIC has set certain conditions for investment in this pension-relieving policy.


Term plan vs endowment insurance plans: Which is more suitable for you and why?

Term plan vs endowment insurance plans: Which is more suitable for you and why?

The coverage amount or the sum assured is paid to the nominee in case of death of the insured during the policy tenure.


Money & relationships: 5 ways parents can pass on money-related anxiety to their children

Money & relationships: 5 ways parents can pass on money-related anxiety to their children

Your very money traits and habits form the foundation for your children's money behaviour when they become adults. Find out about your money behaviour that may be causing stress in your children and how to stop yourself from doing so.


How to ensure income security for seniors

How to ensure income security for seniors

The Draft National Policy for Senior Citizens has rightly placed emphasis on promoting the existing pension programmes


LIC shows exemplary performance during H1 FY21 amid COVID-19 pandemic

LIC shows exemplary performance during H1 FY21 amid COVID-19 pandemic

Mumbai: Life Insurance Corporation of India, India's largest life insurer, continues to give outstanding performance even in times of business distress. LIC's resilient and quick response in meeting the expectations of the market and the people of the nation has brought it exemplary results in the current financial year.


RBI leaves repo rate unchanged: What this means for home loan borrowers, FD investors

RBI leaves repo rate unchanged: What this means for home loan borrowers, FD investors

Borrowers who are facing salary cut/job loss due to the novel coronavirus pandemic situation and were looking for some reduction in their EMI burden will have to wait a little longer. However, no change in policy rates means good news for FDs investors as banks may go slow on cutting interest rates on FDs.