Finally, decide to review and increase your health insurance cover. If you factor healthcare inflation, the minimum health insurance cover that a young family of four will need in 10 years is around Rs 15 lakh. If you are more than 30, you must take a minimum cover of Rs 25 lakh, through a base policy of Rs 10 lakh and a super top-up cover of at least Rs 15 lakh. … [Read more...] about Insurance is always important, with or without the tax breaks
100 000 whole life insurance policy cost
The company is the first among non-life insurers in India to introduce the entire bouquet of service initiatives such as policy documents, renewal notices and claim intimation for its customers by using WhatsApp chatbot, an intuitive and user-friendly chat structure where the customers can raise requests simply through numeric inputs, it said. … [Read more...] about Bharti AXA General uses WhatsApp to deliver policy and renewal documents
Unlike last year, there were no measures announced specifically to attract capital into the sector. For now, the current FDI limit of 49 per cent remains unchanged. The ambitious Pradhan Mantri Arogya Yojana also remains broadly unchanged, with focus now much more on strengthening its hospital network in districts that have no empanelled provider. There is a lot more that can be done in areas such as insurance for natural catastrophes and SME business insurance. … [Read more...] about More insurance initiatives may be announced over time, outside the budget: Abhishek Bondia
Will the breathers have real effects? It is not clear if MSMEs are too beaten down by repeated shocks such as demonetisation and GST (goods and services tax) and decelerating demand to respond significantly. The 6-month period for directing credit to specified sectors is puzzling - What does the RBI expect to happen in six months? Banks’ investment and lending opportunities have undoubtedly been made more attractive, but riskless sovereign bonds could still remain the more attractive investment option. … [Read more...] about Monetary Policy: Non-standard steps, a seventies’ feel, and some risks
The initial reaction to the Budget announcement has been far more dramatic than what the final impact would possibly be. First, section 80C was a crowded bucket and the customer had a lot of choices other than life insurance. Second, we have been witnessing a reduction in the percentage of people buying life insurance purely for tax purposes. As awareness increases, more people are now buying life insurance for long-term savings and protection. Third, the maturity benefits under Section 10(10D), not applicable to mutual funds, would still be available. … [Read more...] about Equity MFs versus ULIPs: Which investment is better after the Budget?