During the tax-saving season of January-March, many individuals sign up for insurance-cum-investment policies they may not need, only to regret doing so later when they receive renewal notices for premium payment
The fifth edition of the India Protection Quotient Survey by Max Life Insurance covered 4,610 respondents across the offline and digital categories. On a scale of 0 to 100, the degree to which Indians feel protected from future uncertainties has increased four points from 2020 to 43 now.
Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income from tax
The segment has the potential to grow into a $25 billion market in the next five years, on the back of COVID-led rise in awareness, product innovation and rising disposable income, the investment banking major’s research predicts
The Insurance Regulatory and Development Authority of India chief urges more conglomerates to enter the insurance space, and companies to bolster their grievance redressal mechanisms
There’s merit in this Budget 2023 proposal, argues the writer. That’s because MF AMCs have the set-up and skill-sets in place, besides a plethora of options in terms of fund categories ― 11 equity funds, 16 debt funds, six hybrid funds plus index funds, theme/sector funds, etc. So, rather than the insurance company duplicating the efforts, it can simply be accorded access to.
As a category, ULIP midcap funds outperformed the mutual funds’ midcap category in 2022
The New Year is set to usher in a string of changes that will affect your money box. From renewing your bank locker agreement to taking note of revised insurance KYC norms and mutual fund rules, here are six developments you ought to bear in mind.