The NTR Bharosa Pension Scheme was implemented by the government of Andhra Pradesh in October 2014 as a key social welfare programme for its senior citizens. The scheme serves as a crucial source of financial assistance for the disadvantaged community within the state, such as the elderly, widows, individuals with disabilities, transgender individuals, and other … Read more
Fixed Depsit rates: In December 2024, several banks, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra, changed their fixed deposit interest rates. These changes have implications for the general public’s and senior citizens’ savings. One of the most widely chosen investment options is a fixed deposit, where an individual deposits … Read more
The decision to reduce tax rates on life and health insurance premiums was postponed by the GST Council during their 55th meeting on Saturday. Officials stated that additional technical details needed to be addressed, and therefore, the Group of Ministers (GoM) was assigned the task of further discussions. Bihar Deputy Chief Minister Samrat Chaudhary emphasized … Read more
The Central government, under the leadership of Prime Minister Narendra Modi, has extended the coverage of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) to include senior citizens above the age of 70. These beneficiaries will now receive an additional Rs 5 lakh in health insurance coverage. The government has also made PM-JAY available … Read more
I am 58 years old and I work with a private firm in Bangalore. I have invested in equities and equity mutual funds earlier. But now my wife wants us to save a part of our savings with fixed-income and non-risk funds for our retirement. My wife is a housewife and our daughter is in … Read more
Mutual Funds and small SIPs: Investing in mutual funds is often viewed as a more secure option compared to the stock market due to its diversified nature and professional management. Systematic Investment Plans (SIPs) serve as popular investment tools within the realm of mutual funds, aiding individuals in attaining financial objectives at various junctures of their … Read more
The Union Cabinet’s recent decision to extend health coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to all senior citizens aged 70 and above is set to benefit 60 million senior citizens. However, the private sector hospitals and industry bodies have raised concerns about the programme’s long-term sustainability and its potential … Read more
Senior citizens are set to receive a new health insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). The Union Cabinet announced on Wednesday the expansion of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to include individuals aged 70 years and above, regardless of their income level, in … Read more
FD investment: As investors enter their golden years, their investment appetite change as they tend to move towards safer tools from riskier ones. A fixed deposit (FD) is a financial instrument provided by various financial institutions such as banks and Non-Banking Financial Companies (NBFCs). Fixed deposits are known for their competitive interest rates, which are … Read more
Health insurance norms for senior citizens have seen many crucial changes in the last few months. Besides the new rules introduced by the Insurance Regulatory and Development Authority of India (IRDAI), a key feature available for all senior citizens is the co-pay option that has an significant impact on policyholders and their healthcare expenses. What … Read more