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The Indian government plans to impose a tax on insurance policies with premiums exceeding ₹5 Lakhs in Budget 2023. Read on to know more about this development and its potential impact.
Know the new tax rules on maturity proceeds of life insurance policies with an annual premium of over ₹5 lakh. Learn how these changes may affect your financial planning.
Incurred Claim Settlement Ratio 2022: IRDA published ICR report 2022. Check online Check Incurred Claim Settlement Ratio 2022 Incurred Claim Ratio all general insurance companies.
Incurred Claim Ratio of Health Insurance: Check latest claim settlement ratio year of 2022 including general & standalone health insurance companies.
Short-term financial goals can aid in the achievement of long-term financial goals whereas mid-term financial objectives is critical. Setting up financial goals is where long-term goals are established. Understand different financial goals for different timelines.
Life insurance loans offer certain advantages to the borrower that conventional loan products from traditional institutions do not provide. If you are looking for life insurance in form of a loan, Read this article for detail understanding of life insurance loans.
Life insurance policies exist to help your loved ones cope financially in the event of your unexpected death. To leave a healthy amount of cash for your dependents, it is important to know about the tax benefits from life insurance policies.
The financial goals of life insurance policies are to provide compensation to the plan beneficiary in case of a policy-specified unfortunate scenario during the policy term. This article will help you understand the benefits of life insurance.
Insurance Ratios can help you choose your ideal insurance provider. Make sure you check them for every insurance provider you consider when shopping for an insurance plan online.
BMI means Body Mass Index is the calculation of body mass with height. Read more about importance & issues of bad BMI.
In case the nominee dies before the policyholder, depending on the terms of the plan, changing the nominee is possible. Once the nominee is changed, the previous nominations automatically get null by the current nomination.
IRDAI considers the solvency ratio at the prime. It has been made mandatory for every insurance provider to maintain a minimum solvency ratio of 1.5 with a 150% solvency margin. IRDAI closely monitors the solvency ratios of insurance companies across India.