As per Section 10(10D) of the Income Tax Act, 1961, death benefits are always tax-free. Maturity benefits, however, are taxed based on the premiums.
There are two primary kinds of No-Claim Bonuses that you can take advantage of in a health insurance policy.
Life insurance is the fastest and easiest way to ensure that your family remains financially protected. It can clear debts, pay for a child’s education, bear medical expenses, and secure the business and assets of a family.
It is better to revive a lapsed policy rather than buying a new one
Before opting for a health policy, individuals should go through the entire specifications of the product, including the coverage, exclusions, waiting periods, and sub-limits, if any, along with the premiums, and opt for a product only after evaluating their requirements.
Health Insurance, often known as medical insurance, covers medical expenses that arise due to an illness, injury and/or accident.
Given the high inflation, especially in healthcare, many people who have a basic health insurance cover often consider buying a top-up plan. This is intended to ensure adequate financial protection even when medical expenses rise. However, will it work according to your plan? Not necessarily.
Notwithstanding the level of success you achieve, its longevity cannot be guaranteed. Among other things, permanent disability or death — the God may forbid — can throw all your plans and financial security of your family out of gear.
Motherhood is one of the most loving experiences in everyone’s life. Planning for a child is one of the critical decisions for couples though it brings joy in every couple's life. The joy of bringing a newborn into the world comes with so many medical costs whether it is a normal delivery or C-section.
Life is a long journey that includes a variety of financial goals and entails many unforeseen circumstances. You will always strive to ensure a brighter and safer future for your loved ones, and having a sound financial plan in place can go a long way towards making it a reality.
In these times, health insurance has become a neccesity as it guarantees that a long-term medication does not put your family in financial jeopardy. You can obtain coverage under a comprehensive health insurance plan by paying a nominal fee to the insurer. This helps safeguard your savings from the unexpected shocks of medical procedures.
Optimise your policy with cashless OPD & restoration benefits.
Are you among those who has all their life perceived sewing to be for older people? Or restricted to just women? Well, now’s a good time as any to send those thoughts through the shredder as we elaborate on how sewing as an activity is hugely beneficial for young people and especially kids.
The Income Tax rules have several provisions through which employees can reduce their overall tax outgo.
Having a comprehensive health insurance becomes absolutely necessary in old age to cover the increase in expenditure on medical treatment and to cope with the high rate of inflation in the healthcare sector.
Term insurance is a pure protection policy that provides coverage against death. Many insurance buyers in India prefer buying term insurance over other life insurance policies mainly because it offers high coverage at a nominal cost; the premium for term insurance plans is the lowest amongst all life insurance plans in the market.
Physical illnesses may have tangible and evident symptoms, but most mental concerns go unnoticed or ignored.