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Budget 2020: FM Nirmala Sitharaman may propose 5% tax on income up to Rs 7 lakh

Budget 2020: FM Nirmala Sitharaman may propose 5% tax on income up to Rs 7 lakh

Budget 2020 may ring in massive income tax relief.


LIC to close Jeevan Anand, 22 insurance plans by January 31, premiums expected to rise; Know details here

LIC to close Jeevan Anand, 22 insurance plans by January 31, premiums expected to rise; Know details here

The state-owned Life Insurance Corporation of India is about to close two dozen of its insurance plans soon, in which popular plans like LIC New Jeevan Anand, Jeevan Umang, Jeevan Lakshya are also included among others.


Budget 2020 should cut tax outgo by changing sec 80c, family pension laws

Budget 2020 should cut tax outgo by changing sec 80c, family pension laws

Deduction under section 80C is a deduction from gross total income which can be claimed for investment in specified avenues, expenditures up till a specified limit. The existing maximum deduction available under this section is Rs 1.5 lakh, set in 2014.


 Why Life Insurance companies are missing women customers

Why Life Insurance companies are missing women customers

If women start accepting life insurance as an effective savings and protection tool, it can benefit crores of Indian families and the women themselves.


Why Life Insurance companies are missing women customers

Why Life Insurance companies are missing women customers

If women start accepting life insurance as an effective savings and protection tool, it can benefit crores of Indian families and the women themselves.


What happens when you don’t pay your life insurance premiums?

What happens when you don’t pay your life insurance premiums?

An insurance company’s obligation to pay out is contingent upon whether the premium has been paid

  •   Source: The Hindu
  •   Published on: 19/01/2020

Life Insurance Opportunities For Millennials

Life Insurance Opportunities For Millennials

India has one of the largest Gen Y population of the world. Also referred to as the millennial population which comprises of the people born during the period 1981-1996, their population in India is estimated at 426 million, which is approximately 34 per cent of the total Indian population.


Life Insurance In India - Can NRIs Buy It?

Life Insurance In India - Can NRIs Buy It?

As an NRI, a bunch of questions about life insurance policy must be bouncing in your head. Your brain will appreciate quick answers, so, here we go:


LIC sees 291% jump in investment income from FY09-19 period

LIC sees 291% jump in investment income from FY09-19 period

Data from the LIC Annual Report 2018-19 released last week showed that the income from investments stood at Rs 2,21,573.72 crore at the end of FY19.


Are you in your 30s? Here are 6 financial vows you must take

Are you in your 30s? Here are 6 financial vows you must take

It is important to fulfil our overlapping needs and desires at the outset itself as we step into the world of financial freedom along with the ability to earn and chose our lifestyle


7 financial planning myths you shouldn't believe

7 financial planning myths you shouldn't believe

The spread of financial literacy has made lay investors savvier than before. But some misplaced beliefs persist.


To avoid paying excess TDS submit tax saving proofs to your employer on time

To avoid paying excess TDS submit tax saving proofs to your employer on time

Staff need to submit proof to back-up their investment declarations. These are papers you need to gather.


Quick tax-saving tips

Quick tax-saving tips

Here are tax breaks you can claim on various incomes and expenditures under different sections of the Income-tax Act, 1961 that can reduce your tax outgo.


Financial changes needed when a child turns 18

Financial changes needed when a child turns 18

For the child, this age is a turning point as he typically leaves home for higher studies and takes baby steps towards independence, financial and otherwise. He becomes to conduct financial transactions and acquire assets.


LIC Pension and Group Scheme Vertical's premium income crosses Rs 1 lakh crore

LIC Pension and Group Scheme Vertical's premium income crosses Rs 1 lakh crore

This is the first time ever any single vertical of the insurer has crossed this record premium income figure, LIC said in a statement.


Taken joint home loan? You may need NOC from joint owner to avail tax benefits

Taken joint home loan? You may need NOC from joint owner to avail tax benefits

You may face obstacle in claiming tax deductions on interest payment and principal repayment if home loan is taken in joint names.


What Does An Indian Investor Look For In An Advisor?

What Does An Indian Investor Look For In An Advisor?

Most people tend to have a complicated relationship with money. They perennially want more of it but are seldom able to multiply it to the levels that they desire. The average individual has always found financial planning and investing to be a bit of a complicated task.


LIC claims to have registered increase in market share

LIC claims to have registered increase in market share

Life Insurance Corporation of India said it has registered a significant increase in market share in the current financial year and that its market share during November 2019 is 84.82% in the number of policies and 71.59% in first-year premium income.

  •   Source: The Hindu
  •   Published on: 03/01/2020