ITR filing FY2024: What tax benefits do senior citizens receive on medical insurance 

ITR filing FY2024: What tax benefits do senior citizens receive on medical insurance 

Maintaining proper management of health conditions is imperative to prevent complications in later years, as individuals become increasingly susceptible to ailments. Considering the substantial medical expenses prevalent today, a comprehensive health insurance policy can be invaluable in mitigating the high costs associated with hospital stays and medical consultations.  The Insurance Regulatory and Development Authority of … Read more

Health insurance: 52% policyholders say their yearly premium has gone up by over 25% in 12 months

Health insurance: 52% policyholders say their yearly premium has gone up by over 25% in 12 months

A survey has highlighted that a majority of policy owners that their insurance premiums have already increased in the last one year much before the Insurance Regulatory and Development Authority of India (IRDAI) removed the age limit restriction for buying a health insurance policy.  In April 2024, the IRDAI removed the age limit restriction for … Read more

Health insurance for senior citizens: Will the premiums go up by 15%? Here’s what experts feel

Health insurance for senior citizens: Will the premiums go up by 15%? Here’s what experts feel

The Insurance Regulatory and Development Authority of India brought in the Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024, on April 1. Under the new norms, insurance companies cannot refuse to sell health cover to senior citizens above the age of 65 years. In a notification issued in 2016, the insurance regulatory … Read more

More senior citizens to be covered for pension benefits in Modi 3.0: Report

More senior citizens to be covered for pension benefits in Modi 3.0: Report

Top government officials are already getting a policy blueprint ready for different sectors much ahead the upcoming term of the NDA government, led by PM Narendra Modi. If the NDA government gets elected in the upcoming Lok Sabha elections, it would be its third term in a row. The detailed plan for the next term … Read more

Impacting through design

Impacting through design

Any built space comes with two key expectations — comfort and functionality. The design opted to construct the space determines the functional characteristics. The same design can also positively or negatively impact the comfort exuded by the space and, in turn, the productivity as well as the emotional quotient while operating out of that space. … Read more

Senior citizen investment tools: Senior Citizen Savings Scheme vs FDs for seniors, which one is better

Senior citizen investment tools: Senior Citizen Savings Scheme vs FDs for seniors, which one is better

The Centre has recently revised the interest rates applicable to small savings schemes for the quarter of January-March 2024. Though it didn’t revise the interest rates for Senior Citizens Savings Scheme, the government-back scheme offers one of the best competitive rates to Indian residents aged above 60 years. Here’s a quick comparison of Senior Citizens … Read more

Latest fixed deposit (FD) rates: SBI, Bank of Baroda, Kotak Mahindra Bank, Federal Bank, DCB Bank hike FD rates; check details

Latest fixed deposit (FD) rates: SBI, Bank of Baroda, Kotak Mahindra Bank, Federal Bank, DCB Bank hike FD rates; check details

Bank fixed deposit (FD) rates: Fixed deposits (FD) have gained popularity, with some banks offering up to 9 per cent interest in different tenures. Some banks, public and private, have raised interest rates on fixed deposits in December. Since May 2022, FD investors have seen an upward interest rate trajectory with some public sector banks … Read more

From Gen Z to senior citizens, Nilesh Shah’s guide for creating the right portfolio

From Gen Z  to senior citizens, Nilesh Shah’s guide for creating the right portfolio

Nilesh Shah, MD, Kotak AMC, says: “You need to balance your greed and fear. A Gen Z, a millennial, a senior citizen, all will be driven by emotions. When everything is looking bad, do not get tempted by the fear. When everything is too good to be true, do not get lured by greed. Maintain … Read more

This community’s quarter century without a newborn shows the scale of Japan’s population crisis | CNN

This community’s quarter century without a newborn shows the scale of Japan’s population crisis | CNN

Tokyo CNN  —  When Kentaro Yokobori was born almost seven years ago, he was the first newborn in the Sogio district of Kawakami village in 25 years. His birth was like a miracle for many villagers. Well-wishers visited his parents Miho and Hirohito for more than a week – nearly all of them senior citizens, … Read more