Financial Express

Income tax refund 2025: 6 smart tips to get a bigger refund and earn more interest

With the ITR filing deadline extended to September 15, 2025, taxpayers have a greater opportunity to earn higher interest on refunds this year. Due to the RBI’s recent rate cuts, the interest on delayed tax refunds is expected to be nearly 33% higher.

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Retirement corpus: What will be the real value of Rs 1 crore after 30 years? Know the harsh truth

Many young investors in their 20s and 30s believe that saving Rs 1 crore is a solid retirement goal. But if inflation continues at 6% annually, the real value of Rs 1 crore after 30 years will be just Rs 17.4 lakh.

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Income tax return processing and ITR refunds start for AY 2025-26: Here’s how to check status

ITR filing for AY 2025-26 began late due to tech delays. Learn how to check your ITR and refund status online, and why early filing still matters.

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Understanding Income Tax Regimes: Old vs New – A Complete Guide

In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain features, benefits, recent changes, and practical implications for taxpayers of the both tax regimes.

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ITR filing for FY 2024-25 (AY 2025-26): Due dates, forms and what to do if you miss the deadline

Typically, the ITR filing process begins on April 1 of the assessment year. Accordingly, for FY 2024–25, filing should have opened on April 1, 2025. However, this year, there has been a delay, and the process is now expected to begin in June 2025.

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ITR hacks for senior citizens: Don’t miss THESE tax benefits available for pensioners in 2025

In this story, we will discuss about the various tax benefits available for senior citizens those availing retirement benefits like commuted pension, gratuity, leave encashment on retirement and provident fund, etc. First, let's understand who actually are senior citizens as per the Income Tax Department.

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Income Tax Return 2025: How to file ITR without Form 16? Check out THESE easy alternative documents

Form 16 or Form 16A is the certificate of deduction of tax at source. It is issued on deduction of tax by the employer on behalf of the employees and provide details of TDS/TCS for various transactions between deductor and deductee. It is mandatory for employers to issue these certificates to taxpayers.

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ITR Filing 2025: Common mistakes that can cost you big

With ITR forms for FY 2024-25 already available, now is the ideal time to prepare and avoid last-minute mistakes.

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Income Tax Department notifies ITR forms 1, 2, 3, 4 and 5 – Which one should taxpayers use?

Different tax returns are prescribed for filing by individual taxpayers depending on their income and its source as well as factors such as residential status.

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ITR filing for FY 2024-25 (AY 2025-26): Due dates, forms and what to do if you miss the deadline

Typically, the ITR filing process begins on April 1 of the assessment year. Accordingly, for FY 2024–25, filing should have opened on April 1, 2025. However, this year, there has been a delay, and the process is now expected to begin in June 2025.

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ITR Filing 2025: What taxpayers must know about sections 80C, 80D, 24B and more

As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that can help in accurate tax calculation, availing deductions, and choosing the appropriate tax regime.

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Income Tax Returns: New ITR-1 form explained – What are the key changes notified this year?

The simplified form is designed for individuals and entities who earned up to Rs 50 lakh during the recently concluded financial year.

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ITR Filing 2025: You will get your Form 16 in new format this year – Know why

The Income Tax Department is expected to notify the filing forms for the financial year 2024-25, or Assessment Year 2025-26, soon.

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ITR Filing: 5 major income tax provisions taxpayers need to know in 2025

It is mandatory to choose between the old and new tax regime while filing the online form --- with specific exemptions and deductions available for individuals.

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ITR Filing 2025: What is deadline to file income tax return this year?

Taxpayers will soon be able to file their returns for FY25 via the official Income Tax Department website.

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ITR Filing: 6 ways the New Tax Regime can help you save more on income tax

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and exemptions post 2025 Union Budget. On the other hand, the new tax regime has a fewer deductions available for taxpayers compared to the old regime. In this write-up, we will discuss various deductions available under the new tax regime for the purpose of tax saving.

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ITR filing 2025: A step-by-step guide for senior citizens to file income tax returns

An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered a senior citizen for income tax purposes. The Income Tax department also defines people above the age of 80 as 'super senior citizens'.

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How much money do you really need for financial freedom in India? Rs 10 crore, Rs 50 crore or more?

You don't need Rs 10 crore or Rs 50 crore for financial freedom — just calculate your expenses and aim for the right amount using the 4% rule.

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Filing ITR soon? Can you still pick a different tax regime?

Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime.

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Income Tax Returns AY2025-26: Key Documents Required to File ITR

It is not necessary to attach any documents while filing your returns. However the details given in various documents will have to be used while filling up the online form.

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How much cash can you receive in a day without getting an Income Tax notice?

Under section 269ST of the Income Tax Act, receiving more than Rs 2 lakh in cash is prohibited, whether it is a single transaction or the sum of many transactions on the same occasion.

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Income Tax Returns AY2025-26: 5 key things for first-time taxpayers to keep in mind while filing ITR

Those filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and link their PAN and Aadhaar cards in order to enable electronic verification.

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ITR filing 2025: 5 must-do things before filing ITR online

The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption limit. According to the Old Tax Regime, the basic exemption limit is still Rs 2.5 lakh for general taxpayers under 60 years of age.

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Income Tax Return 2025: I-T department upgrades ITR-2 filing process, know new changes

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is designed for individuals and Hindu Undivided Families (HUFs) who do not have any business or professional income.

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File updated ITR before March 31

File your updated Income Tax Return (ITR-U) before March 31, 2025, to correct omissions or errors and avoid penalties. Learn more about filing, deadlines, and additional tax liabilities.

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Best term insurance plans for self-employed individuals

Term insurance plays the vital role of a safety net and ensures one's loved ones are protected in the absence of the primary bread earner.

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How pre-existing conditions influence your health insurance coverage?

While pre-existing medical conditions may lead to premium loading or coverage restrictions, being transparent about one’s medical history is essential to avoid claim denials later.

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Should you withdraw or reinvest your matured investments?

Understanding the pros and cons of each option ensures you make a strategic decision that aligns with your financial future.

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Faster Credit Score Updates: Why timely payments matter more than ever

Starting January 2025, lenders must update credit records every 15 days instead of once a month. As a result, financial activities will appear on your credit report sooner.

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Filing your ITR? Compare the old and new tax regimes to save more

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

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7 common insurance mistakes you must avoid for financial security

We take a look at some common insurance mistakes which you must avoid to ensure your insurance truly safeguards your financial well-being.

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Form 16 and 24Q formats revised! New tax deduction rules you must know

The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of the financial year 2024-25 (i.e. assessment year 2025-26).

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Why the Income Tax Bill 2025 replaces Assessment Year with Tax Year?

The concept of Previous Year and Assessment Year, thus, were creating confusion in the minds of taxpayers as they represented two different years.

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Income Tax Bill 2025: Key clauses for non-resident Indians

The Income Tax Bill 2025 has several aspects to be considered by the Non-Resident Indians as Clauses replace Sections.

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Income-Tax Bill, 2025: How the new Bill helps taxpayers breathe easy

The essence of the Bill remains the same and the existing tax base, tax rates, computation mechanism etc. have been largely unchanged.

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New Income Tax Bill unlikely to be tabled in Parliament this week! Here’s all you need to know

The new income tax law will replace the existing Income Tax Act of 1961. The tax Bill is being brought to make the tax process simple and clear.

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Tax Calculator: Annual salary Rs 15 lakh? Opt for Old Tax Regime and save Rs 48,000 more with these deductions!

Old Vs New Tax Regime: For individuals earning Rs 15 lakh annually, opting for the old tax regime can result in tax savings of up to Rs 48,100, provided they maximize deductions like HRA, 80C, 80D, and home loan benefits.

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Key changes in budget 2025 apart from tax-free 12 lakh income- Full details here

Among the most significant announcements was the introduction of a New Income Tax Bill, set to be tabled this week

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New Tax Regime vs Old Tax Regime: Which offers better deductions and exemptions?

The revised tax structure also introduces a 25% tax slab for incomes between Rs 20 lakh and Rs 24 lakh.

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Budget 2025: A game-changer for middle-class taxpayers

The new structure will significantly enhance the accessibility of the middle class by leaving them with more disposable income.

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What is Standard deduction and how it helps salaried taxpayers under new tax regime?

The standard deduction on salary streamlines tax filing for salaried individuals by reducing taxable income by a set amount, minimizing the overall tax burden.

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Budget 2025: Tax slabs decoded! Nil tax on income upto 12 lakh; How much tax to pay if amount exceeds this threshold

New Tax Regime Slabs 2025 for Salaried Employees: As per the updated structure, individuals earning up to Rs 12 lakh per annum will not have to pay any income tax, offering a substantial benefit compared to previous years

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Belated ITR Filing 2024-25: Don’t miss this new deadline! Check penalty, steps to file belated tax return

Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns as December 31, 2024. Later, it extended this deadline to provide additional time for taxpayers.

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Inflation Calculator: What will be the value of Rs 1 crore in 20, 30 and 50 years from now?

This article explores how inflation erodes the value of Rs 1 crore over time, calculating its worth in 20, 30, and 50 years based on a 6% inflation rate.

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Will Rs 7.5 lakh income be tax-free for senior citizens under Old Tax Regime in upcoming Union Budget? Here’s what finance ministry says

As Budget 2025-26 approaches, senior citizens await potential tax relief. A query was recently raised in the Lok Sabha if the government plans to offer a tax rebate on incomes up to Rs 7.5 lakh and a 5% tax on Rs 7.5-10 lakh.

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Aadhaar Card Update Deadline: Last date approaching soon! Here’s how to upload documents free-of-cost

Aadhaar card update: After extending the deadline multiple times in the past, the UIDAI has urged residents who got their Aadhaar issued 10 years back to get their documents updated by December 14, 2024.

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Term Vs whole life insurance – Which should you choose? Know the key differences

Term insurance is a straightforward life insurance policy that provides coverage for a specific period, or 'term'; if the insured person passes away during this period, the policy's beneficiaries receive a death benefit.

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Retirement savings: What will be the value of Rs 5 crore after 25 years?

A common mistake is assuming that the value of retirement savings will remain constant over time. For example, a ₹5 crore corpus today will lose significant purchasing power over 25 or 30 years due to inflation.

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LIC of India launches new insurance plans – Check benefits, eligibility, other details

The insurance plans were launched on Monday by LIC CEO and MD Siddhartha Mohanty and will be available both available offline and online.

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ITR Filing Date 2024 Live Updates: Income tax return deadline to be extended beyond July 31? What we know so far

ITR Filing Date 2024 Live Updates: The income tax return deadline might be extended beyond July 31. Fresh updates from Income Tax Department on ITR deadline extension! What we know so far about the current status and when to expect refunds after e-verification and processing of income tax return.

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ITR Filing: What is Updated Return? Who is not eligible to file an updated return? Check late fees, penalty

Any individual may submit an updated return, with certain exceptions, irrespective of whether they have previously filed an original, late, or amended return for the applicable assessment year.

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Top 10 expectations of individual taxpayers which Budget 2024 needs to fulfill

Taxpayers eagerly await budget announcements that will increase their disposable income. Here are a few of the main anticipations that taxpayers have for Budget 2024.

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ITR Filing Penalty After Due Date: Late fee for delayed filing of income tax return, last date, fees and more

ITR Filing 2024: Penalty amount for filing income tax return after due date will be imposed. Taxpayers need to be alert as the deadline to file ITR is approaching fast.

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ITR Filing: Risks of sharing your sensitive financial details with an income tax filer

It is crucial to remember that your financial information holds significant value, encompassing all your investments and earnings for the year. Here are several important considerations to bear in mind before disclosing your ITR details.

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Union Budget 2024: Why Standard Deduction limit needs to be increased to Rs 100,000!

The existing standard deduction of Rs 50,000 is considered inadequate to address the rising expenses linked to the increased cost of living and, therefore, it is imperative to raise the limit of this deduction.

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Attention Taxpayers! Income Tax Department warns against false claims in income tax returns

The Income Tax Department has issued a strong advisory to taxpayers, advising them against submitting income tax returns with inaccurate claims for exemptions and deductions.

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Best practices to keep your money safe from fraudsters

Regularly monitoring your financial records and staying alert for any suspicious activities is crucial for early fraud detection.

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How to file ITR online – Steps for e-filing income tax return

In order to file a tax return online, you can access the new income tax portal logging in with PAN-based credentials and following certain steps that simplify tax filing process.

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Income Tax Return: How to choose correct ITR form for tax filing

There are 7 ITR forms the Income Tax Department has notified, and often, taxpayers get confused which ITR form is applicable to them.

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ITR Filing: Minute details of furnishing an error free Income Tax Return

Taxpayers required to file their income tax return should take into consideration the following.

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Modi 3.0: 80C Deduction benefits to be extended to new tax regime in Budget 2024?

Currently, the benefit of section 80C is not available under the default (new) tax regime and it would be expected that this benefit be extended to even the default tax regime.

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Budget 2024: Big tax relief for middle-class in the offing? Section 80C, 80D deduction limits may be hiked to …

After the new government formation, the focus is now shifted to the Union Budget 2024-25. Taxpayers are hopeful that the Modi government will give them a tax relief in the upcoming budget. Experts too are of the view that FM Sitharaman would at least make some revision in deduction limits under Section 80C and 80D.

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Income Tax Return: How to get maximum tax refunds on filing ITR | Check out these 5 ways!

Every taxpayer should make an effort to mitigate their tax liability by claiming all the available deductions and exemptions at the time of furnishing their tax returns. However, such deduction/ exemption amount should be correctly computed after considering the tax regime, residential status etc.

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What happens to your property if you die without a will?

Under Section 30 of the Indian Succession Act, if someone dies intestate, the court may issue a notice to invite claims over the property left behind after the death certificate is issued.

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Retirement Planning: How insurance can contribute towards building a robust retirement fund

With a comprehensive financial retirement plan, it is easy to tide over apprehensions of exhausting the corpus that may have been built during the work years.

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How term insurance ownership lays the foundation of financial empowerment for women

By working together, insurers, regulators, and stakeholders can further create a more inclusive and equitable insurance ecosystem that empowers women to protect themselves and their families effectively.

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7 tips to choose the best term insurance plan

Having insurance coverage is crucial for managing a health emergency, but it’s equally important to maintain financial stability when faced with a health crisis. Often there are many confusions and doubts when you purchase a term insurance plan, but these can be addressed if you carefully assess your requirements

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NRI? Here’s how you can save tax on health insurance with GST refund!

To qualify for GST refunds on health insurance, the proposer must be a Non-Resident Indian.

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A comprehensive guide to reimbursement claims in health insurance

Understanding the reimbursement process and adhering to the necessary steps and documentation requirements is essential for a smooth and successful reimbursement claim experience.

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YOUR MONEY: Assess the kind of health cover your parents need

Check for exclusions, deductibles & limitations in the insurance policies

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Health Insurance: Riders add heft to your health plans

Buy these add-ons early in life to get higher and wider coverage

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YOUR MONEY: Calculate how much life insurance cover you need

Upgrade your policies as you move from one life stage to another.

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LIC Jeevan Kiran (Plan 870): New Term Insurance Plan – Check Minimum Premium, Eligibility, Benefits

LIC Jeevan Kiran (Plan 870): The Life Insurance Corporation of India (LIC) has launched a new plan named Jeevan Kiran.

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Decoding the difference between Term Insurance and Life Insurance

Let’s understand differences between Term Insurance and Life Insurance, enabling you to make the right decision when choosing the coverage for your specific needs.

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80% consumers rely on personal recommendations for purchasing insurance: Study

Personal recommendation from friends and family or a known agent is the top trigger for insurance consideration for approx. 80% of the respondents.

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Your Money: Get a loan against your life insurance policy

Life insurance helps to safeguard individuals and their family against financial risks because of untimely death. Life insurance policies can also be pledged to avail loans during any financial emergency.

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LIC Dhan Vridhhi (Plan 869): Premium Calculation, Benefits, Eligibility – All Details

LIC Dhan Vridhhi (Plan 869): The Life Insurance Corporation (LIC) of India has launched a new close-ended plan – LIC’s Dhan Vridhhi plan. Check key details

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Health insurance: A critical illness plan is a must buy

Individuals with a family history of diseases such as cancer or coronary artery bypass should opt for adequate critical illness cover. While a comprehensive health insurance policy provides coverage for expenses like hospitalisation, a critical illness policy will provide a lump sum benefit upon diagnosis of a covered critical illness, regardless of medical expenses.

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HEALTH INSURANCE: Think before opting for deductible

If policyholders have higher income and can afford higher medical expenses, they can go for a higher deductible amount to lower the total premium payout.

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Three important things you must check before buying health insurance

Don’t just go for the policy with the lowest premium. Conditions could apply, and you could end up spending a lot more than you saved on the premium.

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How much money is ‘ideal’ for retiring with the same lifestyle? Survey finds

Most individuals are cognizant of the need to factor in inflation and rising medical expenses while planning for their life’s new chapter.

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Health Insurance: Get discount on premium for multi-year health policy

The policyholder can claim tax benefit of up to `25,000 under Section 80D for self, spouse and children year on year for the entire tenure of the policy.

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Things to keep in mind while purchasing life insurance after 40 years of age

Life insurance helps safeguard one’s family and oneself against two types of financial risks – untimely death and old age.

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LIC Jeevan Azad (Plan No. 868): New LIC policy for Rs 5 lakh cover and other benefits

The Life Insurance Corporation (LIC) of India has launched Jeevan Azad (Plan No. 868), which is a new plan aimed at individual savings and life insurance. As per LIC, the plan offers an attractive combination of protection and savings.

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Your money: Buying insurance? Don’t chase returns, maximise risk cover

Acquaintances often request me to suggest life insurance products that can fetch high returns. Occasionally, they are subjected to product presentations by insurance advisors, showing returns that make them thrilled but also make them circumspect on whether the insurance products can really earn such high returns.

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Covering Senior Citizen parents with Office Group Medical Insurance only could be disastrous – Here’s why

Group medical cover (GMC) covers the employee and their dependents such as the spouse and children and in certain cases, parents are also covered.

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What is the right age to purchase a health insurance policy?

As young people are more healthy compared to the older people and have lower risks of getting ill, their participation helps in reducing the health insurance premium and make it more affordable for everyone.

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No-Claim Bonus: Importance of NCB in health insurance

There are two primary kinds of No-Claim Bonuses that you can take advantage of in a health insurance policy.

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The complete checklist for buying Life Insurance in 2023

Life insurance is the fastest and easiest way to ensure that your family remains financially protected. It can clear debts, pay for a child’s education, bear medical expenses, and secure the business and assets of a family.

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Should I opt for health top-ups in my 40s?

Your health insurance premium increases, especially if the sum covered is large and you have certain medical conditions.

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Life insurance: Lapsed policy? Beware of hoax calls

It is better to revive a lapsed policy rather than buying a new one

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Health insurance: Take OPD cover in your planHealth insurance: Take OPD cover in your plan

Optimise your policy with cashless OPD & restoration benefits.

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Income Tax Return filing by salaried employees: 5 common problems and their solutions explained

The Income Tax rules have several provisions through which employees can reduce their overall tax outgo.

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Health Insurance for Senior citizens: Check these conditions before applying

Having a comprehensive health insurance becomes absolutely necessary in old age to cover the increase in expenditure on medical treatment and to cope with the high rate of inflation in the healthcare sector.

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5 reasons why you must consider both mental and physical health cover

Physical illnesses may have tangible and evident symptoms, but most mental concerns go unnoticed or ignored.

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Gift yourself financial security & prosperity this Diwali by opting for Guaranteed Products

This Diwali, rather than getting into a spendthrift mode, invest in your future and make a long lasting choice of being invested in a Guaranteed Life Insurance Plan.

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LIC Dhan Varsha (Plan No. 866) Details: Premium, Maturity, Benefits, Last Date, Eligibility

LIC Dhan Varsha (Plan No. 866) Scheme Details – Features, Benefits, Maturity, Minimum and Maximum Premium – Life Insurance Corporation recently launched the Dhan Varsha scheme.

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Why should you get your health insurance reviewed?

A Complete Health Insurance Portfolio Review is the need of the hour amidst the uncertainties we continuously experience.

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What are the differences between participating and non-participating life insurance policies?

While there is a relatively better understanding now regarding term insurance policies, the wealth accumulation products can be a bit confusing for the new customers.

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How does life insurance claim settlement work in India?

While the policyholder completes his part of the commitment by paying due premiums; fulfilment of the promise from the insurer’s side is completed by payment of the rightful claims.

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What is life insurance underwriting and how is it done? Here’s what buyers need to know

Life Insurance Underwriting is the process by which life insurance companies determine a customer’s eligibility for a particular policy.

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Is your insurance policy safeguarded under MWP Act?

The MWP Act is a provision that protects the insurance money from creditors, banks and government agencies.

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Why do health insurance claims get partly paid or rejected

There are several grounds on the basis of which your health insurance claim can lead you straight to rejection or partial settlement.

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Top insurance mistakes that may hit your finances hard

Taking an adequate insurance cover before you start your investment journey is like laying a proper foundation before constructing a building.

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What is zero dep insurance and how it differs from comprehensive car insurance?

If you hold a car cover with Zero-Dep benefit, then at the time of a claim, the full IDV can be claimed without deduction for depreciation and damaged parts.

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Life and Health Cover: How much coverage should one buy and factors to consider while purchasing insurance

Factors like age, financial assets, liabilities, annual income, lifestyle and expenses of the dependents are some of the factors which make one decide the required life cover.

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Misfueling cover in India: Damaged car or bike engine after using wrong fuel? Will motor insurance help?

Using wrong fuel in a vehicle can cause some serious damage to its engine. However, motor insurance policies do not provide any protection against such act of negligence. 

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Insurance cover: Why you need to buy home insurance

Review your home insurance requirement every year so that your home does not remain underinsured following an enhancement in the value of your home

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Mother’s Day 2022: How health insurance needs evolve for mothers at every stage of life

A sound financial plan for mothers has to take cognizance of their evolving needs as they go through different stages of motherhood, right from pregnancy to their old age.

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Health insurance tips: Should you opt for riders and top up plans?

As healthcare continues to become expensive, it has become important for everyone to get adequately covered through health insurance. Experts suggest that one should be careful while selecting the right amount of health cover. 

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Why you must opt for comprehensive health cover over and above your corporate insurance

While it’s great to have corporate insurance as an additional layer of protection, the key ingredient to shield you from rising medical inflation is, in fact, an individual health policy.

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Embedded Value – ULIP: Insurance is about safety, not returns

This unique safety is also needed by the people who want to save with high guarantee of reasonable returns on the amount saved every year.

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When is the right time to buy a health insurance policy?

It is advisable to purchase a good health insurance policy at the right time to protect ourselves from getting into financial difficulties because of health emergencies.

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Why should buying insurance be your top priority?

According to some surveys, the awareness about the necessity of having insurance cover has been increased only after the damages done by the COVID-19 pandemic.

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Health insurance: Know how a rider adds value to your health plan

Health insurers also offer top-up policies to meet the actual expenses over and above the limit available in the basic health policy.

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Health insurance: Covid-specific health plans available till September 30

These policies were introduced by Insurance Regulatory and Development Authority of India (Irdai) in June 2020 in the midst of the Covid-19 pandemic for financial protection in case of a medical emergency due to Covid.

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Embedded Value: Don’t let your life insurance policy lapse

Under monthly mode of payment the insurers offer a grace period of 15 days from the due date within which the premium installment must be paid.

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General insurers already seeing surge in travel insurance demands

General insurers already seeing surge in travel insurance demands, expect ‘significant increase’ in insurance cover demands in next couple of months

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Life Insurance: How you can make the claims process easier

Given the nature of term insurance, you will be out of the picture at the time of claim settlement. So make it hassle-free for your nominee If your policy had lapsed earlier,

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International flights to be fully operational soon! Here’s why to opt for travel insurance before flying abroad

Opting for international travel insurance can help travelers enjoy their trips without any hassles or interruptions.

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The complete guide to saving tax under Section 80D

Section 80D allows taxpayers to avail tax deductions on the premiums paid towards health and medical insurance in a financial year

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How you can financially secure the women in your family

It’s time to give the due recognition to the women in your family during this Women’s Day for the responsibilities that they share with their male counterparts.

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Life Insurance a must for today’s woman

While India’s Life Insurance penetration is comparable to Asian peers at 2.8 per cent of GDP, the protection gap is alarmingly high especially among women.

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Planning to buy health insurance? Compare the cheapest premiums

Health insurance is one of the most important tools to help us pay hefty hospital bills and avoid a financial crisis.

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Your Money: Know how sub-limits can affect your health insurance policy coverage

Most of us do not read the offer documents of a health insurance policy and later blame the company for rejection/deduction of insurance claims. Most insurers apply sub-limits to the claim amount of health insurance policy to limit their liability under certain covers. It is important to note that being a part of original policy coverage limit, these claims are inclusive of sum assured.

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Long-term Health Insurance: One-stop solution to reduce the burden of yearly renewal

To avoid crowding at the limited numbers of government-run hospitals and to get quick medical attention, many people have no option but to visit private hospitals. However, treatments in private hospitals are generally very costly and the rate of inflation in treatment costs are also very high.

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Health insurance: Making claims settlement transparent

Insurers have to specifically give reasons for any claim denial and refer to the corresponding policy condition

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First time buying life insurance? Here’s what you should know

If you have resolved to buy a life insurance policy this year, here are some guiding points that can help you get started on your protection journey

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World Cancer Day 2022: Secure yourself against uncertainties with cancer specific health insurance cover

Cancer is dreaded across the globe and accounts for more than 10 million deaths worldwide every year.

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7 smart tips to buy health insurance for senior citizens

Here are some important tips senior citizens should not forget before buying a health insurance policy.

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LIC revises annuity rates of Jeevan Akshay VII and New Jeevan Shanti

LIC of India has revised the annuity rates of two annuity plans recently.

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5 income tax changes announced in Budget 2022 taxpayers must be aware of

Some minor changes under the income tax laws which affect individual tax payers have been proposed in the Budget 2022 by the finance minister.

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Your Money: Three reasons why you need health insurance

Inadequate savings: When it comes to saving money, we as a nation are quite good at it, no? But do we save enough to encounter medical emergencies? The savings are inclined more towards being invested for better returns in the future.

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Unit linked insurance plans: Check tax norms for capital gains on Ulips

Tax exemption on maturity proceeds of Ulips with an annual aggregate premium of over Rs 2.5 lakh has been removed. However, there will be no tax on proceeds in case of death of the policyholder

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Traditional life insurance plans: Know how money back, endowment plans work

In an endowment plan, the sum assured along with bonus is paid on maturity while in the money-back plan, a portion of the sum assured is paid to policyholder at regular intervals.

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Here is why getting regular income post-retirement is important

How much will be enough? That’s the question everyone stops at. There is no one answer. It depends on your current income, your lifestyle, your dependencies, etc. And how much ever you need, you can’t save it all. You will have to let your money grow to that.

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ITR Filing: How to access the Annual Information Statement information online?

The CBDT has rolled out the new Annual Information Statement on the Compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback.

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Your last chance to get free credit report from credit bureaus as 2021 is ending soon!

As per the RBI rules, all Credit bureaus are mandated to issue one free full credit report, including credit score, to anyone who asks for such a report.

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Life Insurance : A new lease of life, and not just a tax-saving tool

Insurers to increasingly focus on bundled offerings with hybrid features, innovative bite-sized or context-based solutions

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Embedded Value: How buying a life insurance or mediclaim policy can help you save tax

Very soon we will be entering the last quarter of the financial year 2021-22, hence this is the time to do the necessary computation and transactions.

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Life insurance: Don’t let your insurance policy lapse

Not renewing an insurance policy even during the grace period defeats the purpose of buying a cover and your financial protection is at risk

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Your car insurance claims can be rejected! Here’s when

Always remember to read your policy document and the terms and conditions of the policy to know what is included and what is not.

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How different is individual health insurance from family floater and critical illness plan?

A normal health plan is a must for covering most of your medical treatment costs while the critical illness plan will come handy in case of critical illness, where the treatment costs are much higher.

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Review your life insurance needs every 10 or 15 years

Such policies provide the child enough funds to continue education even if he loses his parents.

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Your Money: Have you planned for your retirement years?

The most important reason for planning exclusively for retirement is the change in the fabric of the family structure.

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How to choose the right motor insurance policy and add-ons for your vehicle

With COVID-19 restrictions easing out, vehicles are once again back on roads as usual. This might be the best time for you to re-evaluate your vehicle insurance needs.

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Insurance: How to ensure your claim isn’t rejected

Your health or life insurance document enumerates the terms and conditions of the policy contract. Strictly adhere to these to avoid any claim rejection

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How annuity plans can help secure the future of your parents

An annuity plan, designed to secure a guaranteed stream or source of income post-retirement, can help your parents with a financial cushion after they’ve retired.

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Your Money: Ways in which life insurance can help in times of financial crisis

Before one chooses the best insurance plan, it is important to understand the life insurance definition so that the best insurance can be chosen.

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This Festive Season, Empower your Loved Ones with Insurance

The recent pandemic brought home the acute need for proper financial planning. This festive season is a good time as any to gift your loved one’s life-long security by gifting them an insurance plan.

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Health insurance: Tips for buying health plan for senior citizens

Look for medical insurance with the shortest waiting period and minimum number of diseases under this period

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Want to take a home loan this festive season? Check out the lowest interest rates

If you are planning to take a home loan, this is a favourable time to take the plunge. But do remember to have a repayment plan in place to avoid any financial stress later.

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How to manage your EMIs, debts to save money during festive session

Buying a thing on debt or on equated monthly installment (EMI) may appear affordable, but making a habit of doing so may create tremendous financial stress on you in future.

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Tax implications on capital gains earned by NRIs

The capital gains tax provisions for NRIs are similar to those for the resident individuals except for the applicability of TDS provisions. Like resident investors, the taxability of capital gains also depends on the holding period and the type of investments sold.

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Should you buy Guaranteed Income Plans for Life Insurance? Check Pros and Cons

The only con of guaranteed income plans is the overall return of the product is usually lower than its counterparts but that is mainly because of the insurance portion in-built into the plan

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10 ‘Ravanas’ you should burn this Dussehra to get rich fast, make your finances healthy

Happy Dussehra 2021: An advice to remember especially when someone has just started out! Following a trusted expert or paying heed to market cues on future swings from a market leader, can help an investor to be watchful.

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Buying health insurance for senior citizens? Consider these important factors first

As one’s parents age, the hospital visits and ailments increase. In the backdrop of such a landscape, the best decision one can make for one's elderly parents and grandparents is to purchase a health insurance policy for them.

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Planning to file ITR? Know how to prepare yourself for Income Tax Return filing for AY 2021-2022

ITR Filing Tips for FY 2020-21 (AY 2021-2022): The deadline to file the income tax return for salaried or small business individuals has been further extended to 31st December 2021.

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3 reasons why you should choose ULIPs for accumulation of wealth

Not everyone has the time and skills to manage their financial portfolio optimally. For such customers, ULIP provides an effective way to participate in the market as well as an insurance cover to deal with uncertainties of life.

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RBI alert! Beware of frauds in the name of KYC updation. Check how you may be fooled

The Reserve Bank of India (RBI) today cautioned people against frauds being conducted in the name of KYC updation. In a statement, the RBI said it has been receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of KYC updation.

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Your Money: Insurance – Peace of mind and tax benefits, too

Section 80C includes an exhaustive list of investments on which you can claim tax deduction while filing for your taxes. Some of these are Employee Provident Fund, Public Provident Fund, life insurance and so on.

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How to improve your credit score fast

If an individual’s CIBIL score has been falling, they might have taken financial decisions that have dented their score. To fix that, he/she first needs to understand what has affected the score.

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5 warning signs of incorrect credit card usage

If handled carelessly, credit cards can adversely impact your financial health for a long time to time. These five common signs indicate you are using your credit card the wrong way.

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Sold unlisted shares? Know the tax implications

As equity shares of a company are considered as capital assets, selling such shares would either result in a capital gain or capital loss.

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Independent Day: How to be financially independent with a good credit score

Having a good credit score goes a long way. Experts say a good credit score is a gateway to a smooth financial life. That is the reason many individuals actively seek information to manage their creditworthiness.

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How insurance can help you gain freedom from financial risks

This Independence Day, be well informed and choose to be free of financial worries by covering your risks with insurance.

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Financial Planning for Individuals: Five-point checklist to set financial goals for your future

Here's a five-point checklist to help you set your future goals and build a unique plan for your financial freedom and security.

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Low credit score? Six tips to get a home loan yet

Try to improve your credit score even if you get a loan with a higher rate at the beginning so that the risk premium gradually gets lowered during the course of the loan

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7 types of health insurance plans: Features, benefits, how they work – Explained

Let's see 7 different types of health insurance plans and what they have to offer.

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Retirement Planning: Are pension plans a good option for post-retirement planning?

Pension plans are a combination of Insurance Plans with Annuity. Experts say the ideal way of investing in it is to start investing in the late 20s wherein the premium is relatively low comparing it with later years of age.

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Top life insurance mistakes even smart people make

From budgeting missteps and impulse purchases to inadequate contingency planning and much more, nobody is immune to financial faux pas.

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Top things you should know before co-applying for a home loan

It is important to understand whether one should apply for a home loan with a co-applicant or as the sole applicant.

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4 key points to take note of while buying a health insurance policy

In view of the exorbitant hospital and medical bills that are being accrued be it due to COVID treatment or any other medical reason, people have started not only opting for health insurance but also choosing the best health protection available.

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Need money? Here are the best ways to get a loan in case of emergency

Even though an emergency fund of at least 3 months' expenses is a must to deal with a crisis, it might not be possible for everyone to hold up such savings. Under such circumstances, a quick loan comes out to be the only option.

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Home Loan: Why part-prepayments are a good idea

Try to make as much part-prepayments as possible when the applicable home loan interest rates are low and your credit score is high

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What role do guaranteed insurance plans play in meeting long-term goals?

Even in a low interest rate scenario, life insurance products offer benefits that no other financial product does including life cover, additional riders, guaranteed returns, safety net, and tax benefits.

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Health Insurance: Here’s all you need to know about Day Care procedures

The procedures that require medical care and are completed within 24 hours are called daycare procedures.

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5 things you must know before investing in real estate during Covid-19

The pandemic may have brought drastic changes to our daily lifestyle, however real estate investments are here to stay and will grow in popularity.

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Insurance Awareness Day: How to make an informed buying decision

Life insurance policies of the pure protection variety, known as term Insurance, are basic and most necessary form of life insurance cover.

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Traditional savings products guarantee income for tomorrow – Here’s how

Do you have enough savings to live a comfortable retired life? Can you afford a sabbatical in your professional life and pursue your passion? Can you afford to send your kids abroad for education? If you are afraid to answer these questions, it is time you re-evaluate your financial choices and think about building wealth.

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7 reasons why life insurance is a must for every individual

Many investment options are readily available in the financial market, but life insurance is the one if opted for at an early age, provides multiple benefits ranging from, providing protection to your family in your absence, planning your retirement, adds financial security, helps in saving tax.

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Fixed income: Lock in small savings schemes by June-end

The government is likely to reduce the interest rates on small savings schemes from July 1 to keep in line with falling interest rates in the market

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Will families pay Income Tax on money received from employer or others after Covid death? Check new rule

Income Tax relief has also been provided on any amount received by an employee from the employer or any well-wisher for treatment of Covid-19.

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PAN-Aadhaar linking deadline extended! Your PAN may become inoperative if not linked by this date

Last Date to Link PAN Card with Aadhaar Card: Your PAN Aadhaar linking needs to be completed within the due date else the PAN will become ‘inoperative’.

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How to make the most of tax deductions on education loan

You can claim tax deductions against education loans under Section 80E of the Income Tax Act. However, there are a few things to keep in mind.

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5 home loan tips for first-time homebuyers

In terms of tenure, while many lenders offer long loan tenures of up to 30 years for repayment, try to choose a tenure not longer than 20 years.

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Health Insurance: What happens to a policy after death of an insured member?

With many policyholders are among Covid-19 casualties, it's important to know the effect of death of an insured person on an active health insurance policy.

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Not following these 7 points will make Covid-19 claim difficult for you

Unexpected Covid-19 deaths have devastated families across the country. Not just emotionally, Covid has destroyed families financially as well.

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How to claim insurance if your vehicle gets stolen

These insurance policies have another essential element of coverage that immunes a vehicle from theft. Vehicle theft is one of the most common crimes, especially in major cities; hence, it is all the more essential to have a vehicle insured.

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Massive drop in Bitcoin, Dogecoin, Ethereum and other coin prices. What it means for investors?

Prices of popular cryptocurrencies like Bitcoin, Etherium and DogeCoin have dropped massively in the last 24 hours.

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Health insurance: Tips to ensure your health claim is not rejected

The most common ground for rejection is incorrect or false information in the application/claim form

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International Nurses Day 2021: Nurses, the caring change agents of our society

Nurses Day 2021: Right from Florence Nightingale in the Crimean War to Fatu Kekula who help to treat Ebola patients in Liberia, nurses have been at the forefront of any healthcare crisis.

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Befriend your money and reap the benefits – Financial tips for millennial moms

Unlike the Baby Boomers and Gen X, millennial parents and especially millennial mothers will have to make smarter financial decisions to secure a future for themselves as well as their children.

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Tips to pay off your loans and the benefits of repaying early

Before you start repaying loans, make sure you have an adequate investible surplus for meeting your long-term goals.

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Mother’s Day: How to buy health insurance specifically for young mothers?

If your policy covers maternity benefits, costs incurred during hospitalisation as a result of maternity will be covered up to the sum insured limit. In some instances, the cover is also available for any medical complications of the newborn child.

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Protect your life by purchasing not only health insurance but also term insurance: Parag Raja

The reforms in the second wave are expected to increase not only the country's insurance penetration rate but also lead to a conscious shift in the insurance product mix.

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Your Money: Why we need to plan for retirement at every life stage

A structured retirement planning starting at an early age will help unleash the power of compounding for a longer period of time, thus helping accumulate a bigger corpus.

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Why is investment planning important for women?

It is important for women to focus on planning their finances for meeting their long-term goals and aspirations.

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Benefits of no claim bonus protection add-on cover in car insurance and how it works

A comprehensive car insurance plan not only covers the mandatory third-party insurance for your vehicle but also provides coverage for any damages to your own vehicle as well!

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LIC collects highest-ever Rs 1.84 lakh-crore new premium in corona period

In 2020-21, LIC has achieved its highest-ever first year premium income of Rs 56,406 crore under individual assurance business with a 10.11% growth over last year.

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5 things first-time home buyers should know while looking for a home loan

With this, not only will you be able to get the best interest rate but can also keep the overall interest cost low till the end of the home loan tenure.

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Know why you need to buy a critical illness insurance plan

This financial burden can be supported by a special financial protection plan called ‘Critical Illness Plan’. You should purchase a critical illness plan along with a health insurance plan.

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11 super critical questions to ask yourself before signing up for a home loan

Here is a list of some important questions to help you avoid making a mistake while you plan to take a home loan.

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Nine personal finance lessons from Navdurga’s Navratras that help you achieve financial goals

Like all other festivals these nine incarnations also teach us many life lessons to deal with different facets of life including investments.Chaitra Navratri or Vasanta Navratri marks the beginning of the new year of Vikram Samvat of Hindu calendar. Navratri is celebrated to worship nine manifestations of Goddess Durga that represent different characteristics of the Adi Shakti.

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Planning for your child’s future? Here are some quick tips

Planning for your child’s future is no longer a decision you can procrastinate. It needs your urgent attention, especially if you are a new couple or new parents.

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Life insurance: How to choose a term insurance plan

A term insurance cover should be in place at least till retirement, or till the time one has dependents or liabilities like loans

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Your Money: Using life insurance as a retirement plan tool

Both annuity plans and term insurance plans can help you to plan your retirement as there are different variants available in the market

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No Income Tax on salary income of Non-Residents Indians in Gulf countries! Sitharaman says it is exempt

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.

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Financial planning: Six tips to help you face any financial crisis

Countless people are confronting new financial realities a year after the first of the Covid-19 lockdown announcements. The past year may not have been equally difficult for all of us, but it has surely forced each one of us to rethink our financial priorities. With a resurgence of cases in many regions and vaccinations still in the early phases, the Covid-19 pandemic is far from over.

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Income Tax Alert! Employees Provident Fund, LTC to ITR Filing rules – 10 big changes to know before April 1

Income Tax Changes: March 31 is an important date for income taxpayers in India as a number of changes are going to kick in from April 1.

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LIC eases policy claim settlement process

Accordingly, LIC said its 113 divisional offices, 2,048 branches, 1,526 satellite offices and 74 customer zones will receive maturity claims from policyholders irrespective of the servicing branch of the policy.

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LIC of India launches Bachat Plus, may be taken to avail LTC Scheme benefit

The Life Insurance Corporation (LIC) of India has launched Bachat Plus, a non-linked, participating, individual life assurance savings plan.

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Relief to NRIs facing double taxation: Information to be submitted by this date

Due to the declaration of the lockdown and suspension of international flights owing to the outbreak of COVID-19, many NRIs had to prolong their stay in India.

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Financial Planning: Five tips to handle financial uncertainties

Revisit your financial plan at intervals and make necessary adjustments. This will ensure you are not financially stressed but at the same time able to achieve your life goal

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Your Money: Bridging the gap between women and finance

Several banks offer women savings accounts and credit cards tailored to their needs besides better terms on loans

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Home loan tax incentives you need to be aware of

Reduction in the recent home loan interest rates will benefit new borrowers as the rate cuts will only be applicable for them and not to the existing borrowers.

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