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The Economic Times
The Economic Times
Top 5 reasons why women need life insurance in 2025
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Here are the top five reasons why women need term life insurance in 2025.
2025-03-08
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Income from asset transferred to even your daughter-in-law will be clubbed to your income and will be taxable in your hand in this case, says income tax dept
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The Income Tax Department has recently released a new brochure highlighting how clubbing of income provisions is applicable for individual taxpayers.
2025-03-05
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LICs Smart Pension Plan: What is it and other important FAQs for your retirement planning
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LIC Smart Pension Scheme 2025: LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity options for retirees. With flexible payment frequencies and options for single or joint life annuities, the plan guarantees a steady income.
2025-02-19
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A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?
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Lately, there have been multiple demands to exempt term life insurance premiums from the ambit of GST (Goods and Services Tax). A high GST rate of 18% on life insurance premiums makes the plan too costly for many to afford.
2025-01-28
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LIC unclaimed maturity amount at Rs 880.93 crore in FY2024: How to check if there is any unclaimed amount in your LIC policy
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The Life Insurance Corporation (LIC) told Parliament on Monday that it has unclaimed maturity amounts of Rs 880.93 crore for the year 2023–2024.
2024-12-17
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Life insurance rule change: From October 1, 2024, you will get higher refund when you surrender your life insurance policy
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Policyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to offer a higher special surrender value (SSV) for traditional endowment policies from October 1, 2024. The new 'special surrender value' rule mandates higher refunds, offering flexibility to switch plans.
2024-09-30
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Karnataka online trading frauds: Losses skyrocket from Rs 23 crore in 2022 to Rs 903 crore by mid-2024
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Most victims from Karnataka are educated professionals, particularly techies from Bengaluru, who were duped after being enticed by fraudsters with promises of high returns or IPO allocation. And this has been a trend across the country when it comes to fake broking apps.
2024-09-25
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5 reasons health insurance claims get rejected
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5 reasons health insurance claims get rejected
2024-09-16
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Budget 2024 reduces TDS on life insurance policy payout from 5% to 2%, Now get a higher payout on these case
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As per budget 2024 proposal you will now get a higher amount of payout from your life insurance policy as TDS rate has been reduced to 2%. “It is proposed that TDS under section 194DA of the Act be reduced from 5% to 2%” says explanatory memorandum of budget 2024.
2024-07-24
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