The population of those aged 75 and above is growing at a 7.8 per cent CAGR in India, much faster than those in the 60-75 age group. This indicates a growth in demand for senior living units. To fulfil that need, policy certainty, long-term capital, and consumer trust are required, as highlighted by the ASLI-JLL report
The Tripura High Court has ruled that a divorced daughter cannot be denied family pension only because her divorce took place after her pensioner-father’s death
The Supreme Court has ruled that a widow’s family pension is due from the date of her husband’s death and not from the date on which she first approached a tribunal given that the delay in making the claim was not her fault
The proceedings dropped by Sebi in its latest order originated from a show cause notice (SCN) issued in October 2024. The notice was issued following a probe into share transactions between Max Financial, Max Life, and Axis Bank between the financial year 2009 to 2022
Irdai found gaps in outsourcing, vendor checks, documentation and internal controls, while also flagging unallocated premiums and delays in processing free-look cancellation refunds at the insurer
The Supreme Court has ruled that a widow’s family pension is due from the date of her husband’s death and not from the date on which she first approached a tribunal given that the delay in making the claim was not her fault
The Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) covers more than 1,900 procedures for treatment. However, the funds allocated for cancer treatment under the scheme are less than required. The FinCan study suggests that including early diagnosis of the disease under the scheme could reduce fund requirements and save more lives
