Employee unions have placed certain pension and retirement benefit proposals before the 8th Pay Commission as the enters its last phase of consultation
Rather than blaming CAS, Zerodha co-founder Nithin Kamath has called for reforms that improve liquidity, ease short selling, and strengthen market-making
The new ITR-6 utility will help eligible companies to complete their income tax return preparation ahead of the filing deadline
The Bill does not levy a charge on UPI payments. It changes the legal framework for fee-free payment modes while offering tax concessions to attract overseas investment
The Reserve Bank of India (RBI) has mandated banks to put in place security measures to protect customers from fraud; however, in case a fraud occurs through digital banking, customers can seek relief from the bank, or escalate the matter
Tap/Scan to Explore
Following its highly anticipated market debut, shares of MV Electrosystems will now trade alongside several established peers in the competitive Indian electrical and railway equipment sector.
Calculate & Plan your future with ICICI Prudential Life's retirement calculator
AIF lock-in periods are designed to give fund managers time to build value and exit investments strategically. Here's how hard and soft lock-ins work, why they matter, and what investors should check before investing.
With insurance penetration still at just 3.70 per cent, Irdai’s latest reforms aim to make insurance more accessible, affordable, and trusted across India while accelerating the 'Insurance for All by 2047' vision.
The Bill does not levy a charge on UPI payments. It changes the legal framework for fee-free payment modes while offering tax concessions to attract overseas investment
India is in the midst of a major flux, and faces challenges at two opposite ends of the generation spectrum. The first is shrinking job opportunities for the youth and the second is the estimated boom in senior citizen population
Health insurance is the first defence against medical expenses in old age. Though high premiums and exclusions are a challenge for seniors, opting for certain combinations and making small adjustments can sweeten the deal. But never trade off comprehensive coverage for lower premiums
In India, most senior citizens are dependent on their family or other for maintenance as the large part of the population does not access any form of pension (see High Dependency Among Seniors). At the same time, many of them suffer from chronic diseases, whose treatment can be costly and unaffordable for the dependent segment (see Threat Of Chronic Diseases). Lack of health insurance and non-hospitalisation expenses (which are, typically not covered by standard health policies) are resulting in high out-of-pocket expenditure and contributing to high indebtedness (see Lack Of Cover Leads To Indebtedness).
The Ayushman Bharat Yojana provides a cover of Rs 5 lakh to those above 70 years, irrespective of their health condition and socio-economic background, but that solves only part of the affordability problem
Vibha Padalkar, MD and CEO of HDFC Life Insurance, talks about why insurance penetration is still low in India, why seniors end up buying the wrong insurance product, the innovations we can expect in the future and how frequent regulatory changes can deter the flow of foreign money in the industry. Edited excerpts from an interview with Nidhi Sinha, Editor, Outlook Money
Employee unions have placed certain pension and retirement benefit proposals before the 8th Pay Commission as the enters its last phase of consultation
