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Will you have enough money when you retire? Your 40s is the time to ask this question

Will you have enough money when you retire? Your 40s is the time to ask this question

Adequacy of income is easily tested by the assets that you have accumulated. If you are 40 and the only assets you possess are the home you live in and the PF and tax saving investments you have done, you may not be doing enough.

Date : 21/10/2019 | Source : The Economic Times


4 reasons to buy life insurance, even if you already have it through work

4 reasons to buy life insurance, even if you already have it through work

About 60% of non-government workers in the United States have access to life insurance through work. It's a valuable benefit that employers often offer at no cost to employees. Plus, coverage is guaranteed so you don't have to submit to a medical exam.

Date : 19/10/2019 | Source : Business Insider


Tax department issues ITR scrutiny notices. Here’s what to expect and how to file a reply

Tax department issues ITR scrutiny notices. Here’s what to expect and how to file a reply

For each notice from the tax department, a particular procedure needs to be followed to file a reply The department can pick up ITRs for scrutiny till up to six months from the end of the financial year in which the return was filed.

Date : 17/10/2019 | Source : Livemint


How safe do you think is your bank deposit?

How safe do you think is your bank deposit?

The PMC Bank crisis saw a substantial portion of depositors’ money getting blocked with the bank. Many fear the worse is yet to come if the bank goes in for liquidation. So, how safe is your deposit in such a situation

Date : 17/10/2019 | Source : The Economic Times


5 New Changes Made To Health Insurance Policies

5 New Changes Made To Health Insurance Policies

Health insurance is a necessity in the current times of expensive medical treatments. To make health insurance policies more standardized and simple for individuals, the IRDAI (Insurance Regulatory And Development Authority of India) had recently announced some changes.

Date : 16/10/2019 | Source : Good Returns


How is the residential status of an individual determined for income tax

How is the residential status of an individual determined for income tax

The income tax laws classify the residential status of an individual into three categories, depending on the individual's stay in India in the relevant financial year as well as his/her stay in the previous years. Here is a look at these categories.

Date : 16/10/2019 | Source : The Economic Times


Monthly premium for health insurance now allowed: Can you claim after paying for 2 months?

Monthly premium for health insurance now allowed: Can you claim after paying for 2 months?

Till recently, health insurance policy premiums were only payable on annual basis.

Date : 16/10/2019 | Source : The Economic Times


LIC beats private firms in premiums

LIC beats private firms in premiums

The insurer reported first-year premium of ₹89,980.2 crore

Date : 15/10/2019 | Source : The Hindu


LIC dominance of India's life insurance market nears three-fourth mark

LIC dominance of India's life insurance market nears three-fourth mark

LIC registered a business growth of 18 percent in September against last year, and a very robust 42 percent in the first half of the financial year between April and September, the latest data released by insurance regulators IRDAI showed.

Date : 14/10/2019 | Source : The Economic Times