Tue, Mar 26, 2024
Scores of insurers in India are likely to get relief after IRDAI changes its rules on the surrender value of insurance policies. Under the revised rules, the surrender value will be decided by the policy surrender period. That means, the longer the policy surrender period, the higher the surrender value. For the single-premium policy, if the policy is surrendered in the third year, the insurer will get 75 per cent of the total premium paid; if the policy is surrendered in the fourth year, the insurer will get 90 per cent of the total premium paid.
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Wed, Mar 09, 2022
The last date for filing Income Tax Return is just around the corner. However, you can still invest in some financial instruments that will help you save tax. You can invest in these tax-saving schemes before March 31, 2022.
Tue, Feb 20, 2018
If you think elimination of PAN details on this policy will help you avoid TDS, you should know that section 194DA guides 20% tax deduction on maturity claims pay out.
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