The review of health insurance guidelines follows the amended Insurance Act 2015 which recognises health insurance as an independent vertical, distinct from life and general insurance.
Taxpayers are in a hurry to make investments before 31 March. If you are looking for options, here are five picks for that last-minute rush.
Third-party motor insurance is mandatory and protects the owner of the vehicle against any compensation sought by the victim of a road accident caused by the vehicle.
Higher participation from foreign partners could translate into innovative products, better services and technology and improved customer service standards.
A top-up cover kicks in only after your base cover is exhausted and hence is cheaper than an independent product.
The voluntary code of conduct laid down by BCSBI explicitly states that banks “will allot lockers without linking it to placement of fixed deposits.
Now, Union Budget 2015-16 has amended this rule to exempt policyholders who do not have have a taxable income from paying TDS on such policies.
As part of budget proposals, Jaitley announced the setting up of a Task Force for establishing a “sector-neutral” Financial Redressal Agency.
Your insurance premiums are set to go up on the back of hike in service tax rates from 12.36% to 14%.
Both the schemes will provide covers of Rs 2 lakh each. While PMSBY will cover accidental death risk, the latter will cover both natural and accidental risks.
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