Study reveals alarming trend.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
With the rising cost of health cover, insurance companies are looking at innovative products to attract customers. The latest offering is top-up insurance that comes at almost half the premium.
The group policy that an employer will have taken will not allow you to carry your claims history if you decide to leave that particular job. That means if you do happen to leave that job (but in the meantime there has been an illness to any of the covered persons) than it will be an pre-existing illness as far as taking a fresh independent polcy is concerned, says insurance expert Harsh Roongta.
Is the cost of medical cover too high? Opt for co-payments or deductible plans. Here's more on when they work the best.
It is always advisable to have a health cover for your family and loved ones, says insurance expert Rajesh Sinha.
The model is now being worked out between NITI Aayog and health ministry, he said, adding the date of implementation would be next financial year and some time in the course of the year it will be worked out.
The days of free group healthcare could be over, it's time to fund your own medical policies.
The story doesn't end at life cover. You need to protect your other assets as well.
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
All the poor people identified by the Socio Economic and Caste Census 2011 will be eligible for the scheme, officials said, adding that it will be linked to Aadhar but will not be a mandatory condition for availing the benefit.
If you contract a disease a few years after buying a health cover, disclosure isn't mandatory. But if you want to increase the sum assured, premiums could go up.
By April, operational guidelines for the scheme will be finalised and shared with states
Rediff.com does a quick checklist on what the two manifestos have to say on hot-button issues of the day.
There are four important reasons why you must also buy personal mediclaim over group mediclaim, says Dhruv Sarin
Describing it as a "game changer", Modi said the scheme was a step towards serving the poor people of the country and it would come into effect from Sunday.
Experts believe that states will be in a predicament because of their tight fiscal position and reluctance to replace their own health schemes with this newly announced National Health Protection Scheme.
Finance ministry considers tax sops, regulation of hospitals to make health care affordable.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
The higher limit will be useful for senior citizens in particular
Follow these steps diligently to ensure that there isn't any hardship when your parents fall ill
While Prime Minister Narendra Modi's Ayushman Bharat health care scheme is just a slogan for the moment, it is the state's Mukhyamantri Amrutum health assurance scheme which is a comforting reality for many.
Thanks to Budget 2018, seniors can invest more and also save more.
IRDA suggested that health insurance should cover alternative treatments.
Don't worry about volatile, erratic cash flows, freelancers. Vishal Dhawan explains how you can invest and achieve your financial goals despite irregular income.
Harjot Singh Narula lists five checkpoints to help you find the best health insurance plan
After Finance Minister Arun Jaitley presented his fifth straight budget in the Lok Sabha, Bharatiya Janata Party members and ministers from the Cabinet reacted positively to the Budget. Here are some of the reactions.
It might not offer adequate cover for all the costs you incur during delivery, but will give protection against unforeseen complications, says Yashish Dahiya, co-founder and CEO, Policybazaar.com
Ever growing use of new technologies and treatment, increase in the population of old people can, are some of them
'The jobs that are being created now are the delivery boy jobs which are of extremely poor quality, or contractual jobs where you hire a person on a per piece basis.'
To avoid a claim rejection for chronic diseases, ensure proper medical records, experts tell Tinesh Bhasin
Buying in India is usually cheaper unless you have a pre-existing disease
When an NRI returns to India, he should be aware of his tax residency status.
'The government is abdicating its responsibility on healthcare.' 'Just to start this scheme, it will take a minimum till October 2018 and elections are coming in 2019, so before that this can go into the dustbin.'
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
Most policies have a 30-90 days waiting period, during which you will not be able to claim any hospitalisation expense, except in case of accidents.
The Budget allocated an increase in allocation for MGNREGS, LPG expansion, electrification & smart panchayats.
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