The focus on health insurance lately has taken a different trajectory especially post-COVID where most of us have at least understood that we should have some coverage available at all times.
ITR filing: Last date for submission of income tax return for FY 2019-20 is 31st March 2023.
Most individuals are cognizant of the need to factor in inflation and rising medical expenses while planning for their life’s new chapter.
Insurance and investment are both important aspects of financial planning and should be considered together to create a well-rounded financial plan.
Unlike term plans that provide life risk cover or unit-linked schemes, where returns are market-linked, endowment plans offer maturity benefits upon survival & minimum guaranteed return.
It’s that time of the year again when tax planning is on everyone’s priority list. While one looks at growing their wealth, it’s also important to secure your health as a medical emergency can shake up the foundation of your financial planning.
Family Floater Health Insurance plans work on the same principle as that of individual Health Insurance plans but extend their coverage to all family members.
The policyholder can claim tax benefit of up to `25,000 under Section 80D for self, spouse and children year on year for the entire tenure of the policy.
Life insurance helps safeguard one’s family and oneself against two types of financial risks – untimely death and old age.