Skyways Air Services’ initial public offering comprises a fresh issue of equity shares of face value of Rs 10 each, aggregating up to Rs 398.80 crore, along with an offer for sale amounting to Rs 184 crore
Modifying certain settings can greatly improve the security of banking apps for senior citizens. These changes can be made either by the seniors themselves or by their children who have access to their phones
A salary hike can quickly disappear into new expenses. CA Nitin Kaushik explains what to consider before spending the extra income
Wellness-led senior housing offers healthcare services and promises active ageing; however, the monthly expenses are not covered under insurance. While these housing societies address the healthcare and loneliness aspect of ageing, families need to check the details before opting for one
A Mumbai woman’s purchase of a house from her husband came under tax scrutiny, but the ITAT held that a related-party transaction cannot be rejected merely on suspicion
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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
A tiny shortfall on a credit card bill can raise a bigger question: when does a few paise become an unpaid amount under RBI rules?
A salary hike can quickly disappear into new expenses. CA Nitin Kaushik explains what to consider before spending the extra income
A Delhi homebuyer got relief after the ITAT found that the tax department had not sufficiently established the authenticity and chain of custody of digital evidence
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
Wellness-led senior housing offers healthcare services and promises active ageing; however, the monthly expenses are not covered under insurance. While these housing societies address the healthcare and loneliness aspect of ageing, families need to check the details before opting for one
