Receipts from life insurance policies are taxable if the premium paid exceeds 10 per cent of the sum assured. This is applicable to policies taken after April 1, 2012. For policies taken on or before March 31, 2012, the premium paid should be less than 20 per cent of the sum assured. Where the premium exceeds 20 per cent of the sum assured for a policy (taken on or before March 31, 2012), the maturity receipts will be taxable. … [Read more...] about Budget 2019 tweaks taxes on insurance maturity proceeds
Metlife massachusetts auto insurance
Chaudhry's strength has been his deal-making capabilities. While he had a brief stint with corporate and wholesale banking at the start of his career with Bank of America in 1987, Chaudhry eventually moved to investment banking. Later, he worked with Calyon Bank (formerly Credit Lyonnais Securities Asia or CLSA) heading the investment banking and technology divisions for southeast Asia. … [Read more...] about Will Max Life Insurance, and Amitabh Chaudhry, be second time lucky?
LIC has supported the market by buying shares during sell-offs and disinvestment offers. Therefore, governments kept away from listing the insurer due to its perceived role. LIC also has huge investments in debentures and bonds (Rs 434,959 crore), besides providing funding for many infrastructure projects (Rs 376,097 crore as of March 2018), according to its Annual Report for 2017-18, cited by the daily. … [Read more...] about LIC public listing back on govt agenda; may overtake RIL, TCS m-cap once listed: Report
It kept going after that. Senator Amy Klobuchar of Minnesota took on Bloomberg for not releasing his tax returns, something Bloomberg vowed he was working on. Former South Bend, Indiana, mayor Pete Buttigieg accused Bloomberg of thinking “money ought to be the root of all power.” Even former Vice President Joe Biden—not exactly known for his debate sprightliness during this election season—got in a few good jabs. … [Read more...] about Michael Bloomberg was reduced to rubble in the first 7 minutes of the Democratic debate
Existing manufacturers of electric two-wheelers - Hero, Mahindra, and Ather - have announced plans to introduce new models. TVS is developing an all-new electric scooter with triple lithium-ion batteries and an electric motor of 12 KW. Benelli intends to bring an electric scooter to India by 2020. The Tata Group plans to set up a Lithium-ion battery manufacturing facility will be set up in Gujarat with a capacity of 10 gigawatts (GW). … [Read more...] about Modi government pushes for transition to electric vehicles for public transport