Health insurance premiums are linked to age and can shoot up drastically when you move to the older age-brackets. Take, for instance, New India’s Premier Mediclaim with a sum insured of Rs 1 crore. If you were buy this policy when you are 40, you would start with an annual premium of close to Rs 63,000. The moment you turn 46, however, your premium will shoot up over 52 per cent to nearly Rs 96,000 a year! Therefore, know that what seems affordable today, may balloon beyond your budget a few years down the line. “Insurers can always find these unviable a few years down the line and hike premiums. If you have to get into these at a younger age, do so knowing that they will get costlier in future,” cautions Chopra. … [Read more...] about Insurance companies are pushing Rs 1-crore health covers. Do you really need them?
Rs 153 crore to usd
FMCG major Britannia Industries has planned a capital expenditure of around Rs 700 crore over the next two-and-half years for its new facilities and is bullish on the rural demand during the COVID-19 crisis, a company official said on Monday. … [Read more...] about Britannia Industries plans Rs 700 crore capex; bullish on rural demand
"Rs 1,802 crore of profit on fair valuation of holding in OakNorth Bank has been routed through Other Comprehensive Income (OCI), instead of the P&L (profit & loss) as required by IndAS. Of this, Rs 1,798 crore has been debited to OCI to create extra provisions," the company said. … [Read more...] about Indiabulls Housing Finance Q4 net drops 86% to Rs 137 crore on higher provisioning
NIIT Ltd on Friday said its consolidated net profit stood at Rs 29 crore in June 2020 quarter. The skills and talent development firm had posted a loss of Rs 1.5 crore in the year-ago period on a like-to-like basis (excluding the impact of a one-time capital gain on divestment in the first quarter of FY2019-20). … [Read more...] about NIIT Q1 net profit at Rs 29 crore
Snapdeal received around Rs 300 crore in cash from the Freecharge deal. If Vulcan too is sold, an all-cash deal will expand the shrinking coffers of the company a little further, at a time when it has decided to go solo with a much reduced monthly cash burn. … [Read more...] about Discounted: Snapdeal likely to sell off Vulcan to AllCargo for about Rs 30 crore