News

 LIC’s new premium income soars 25.2% to Rs 1.78 lakh crore in FY20

LIC’s new premium income soars 25.2% to Rs 1.78 lakh crore in FY20

LIC continues to be the dominant life insurer with a market share of 75.90 per cent in policies and 68.74 per cent in first-year premium, it said in a statement on Thursday.

30/07/2020, Source : Financial Express.

Can guaranteed insurance products ensure stability to your portfolio?

Can guaranteed insurance products ensure stability to your portfolio?

There is a saying – “Don’t put all your eggs in one basket”. Similarly, in your investments too there is a need for diversification through investment in different product categories.

30/07/2020, Source : The Economic Times

LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors

LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors

The study is based on 351 companies' data from Capitaline Plus, where LIC held over 1 percentage point stake in the June quarter. These companies accounted 72% of total m-cap of BSE-listed companies

30/07/2020, Source : Business Standard

LIC settles 561 Covid death claims, eases norms

LIC settles 561 Covid death claims, eases norms

MUMBAI: Life Insurance Corporation (LIC) of India has said that it has settled 561 death claims due to COVID-19 amounting to Rs 26.7 crore. The corporation has also relaxed its norms during the lockdown to allow payment on maturity claims based on email submission of survival benefit requirements and subject to conditions is settling such claims without the policy document.

30/07/2020, Source : Times of India

FY'19 Income Tax Return Filing Deadline Extended till September 30 in View of Pandemic

FY'19 Income Tax Return Filing Deadline Extended till September 30 in View of Pandemic

This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 fiscal.

29/07/2020, Source : News 18

5 things to consider while buying a term insurance policy

5 things to consider while buying a term insurance policy

While choosing an insurance policy, there are more things to look at instead of just the premium of the policy.

27/07/2020, Source : Financial Express.

 Self-occupied or rented? Here’s how to claim tax benefits on second house property as per new rules

Self-occupied or rented? Here’s how to claim tax benefits on second house property as per new rules

While in some cases all the house property may remain self-occupied, in others, the second house property may be given to someone on rent. Here's how you can claim tax benefits on second house.

27/07/2020, Source : Financial Express.

How dividend income is taxed in India now – All you need to know

How dividend income is taxed in India now – All you need to know

The Finance Act 2020 has shifted back to the classical system of taxing dividend in the hands of shareholders/unit holders from 01 April 2020, and abolished dividend distribution tax (DDT), wherein the incidence was on the company.

25/07/2020, Source : Financial Express.

Smart tips to lower home loan interest burden and clear dues fast

Smart tips to lower home loan interest burden and clear dues fast

If you have already availed the home loan, you can always go ahead and refinance your loan at a lower interest rate, from other banks or housing finance companies.

23/07/2020, Source : Financial Express.

Race to the bottom? LIC Housing cuts home loan interest rate to 6.9% – Check what SBI, HDFC are offering

Race to the bottom? LIC Housing cuts home loan interest rate to 6.9% – Check what SBI, HDFC are offering

Only banks are mandated to offer loans based on an external benchmark rate (EBR) or loans linked to MCLR.

23/07/2020, Source : Financial Express.

 New Form 26AS: What all new information a taxpayer can get from it?

New Form 26AS: What all new information a taxpayer can get from it?

The New Form 26AS would help the honest taxpayers with updated financial transactions while filing their returns, whereas it will desist those taxpayers who inadvertently conceal financial transactions in their returns.

23/07/2020, Source : Financial Express.

 How are winnings from TV game shows, KBC, lotteries taxed?

How are winnings from TV game shows, KBC, lotteries taxed?

Everyone wants to become a crorepati and win lakhs and crores of prize money on TV game shows like KBC. However, have you ever wondered whether that prize money is tax-free or one has to pay some tax on that?

23/07/2020, Source : Financial Express.

 Going to file your Income Tax Return? Know which ITR Form to use

Going to file your Income Tax Return? Know which ITR Form to use

Normally, the due date for completion of filing Income Tax Return (ITR) is July 31 of the relevant Assessment Year (AY) for the assessees, whose income needn't be audited.

22/07/2020, Source : Financial Express.

 Beware! These seven ITR filing mistakes can lead to an income tax notice

Beware! These seven ITR filing mistakes can lead to an income tax notice

While filing ITR, there are some common mistakes that you must avoid at all costs. Here are some of the mistakes that can result in getting an income tax notice.

22/07/2020, Source : Financial Express.

Eight behavioural skills of successful investors you should follow

Eight behavioural skills of successful investors you should follow

It is not just financial literacy but also behavioural skills that are common to investors who grow their wealth consistently. Here are some habits to emulate.

20/07/2020, Source : The Economic Times

ICICI Bank revises fixed deposit (FD) rates. How they compare with SBI, PNB, Bank of Baroda, HDFC Bank

ICICI Bank revises fixed deposit (FD) rates. How they compare with SBI, PNB, Bank of Baroda, HDFC Bank

Fixed deposits are the most preferred savings instrument of Indians Here are the latest interest rates on fixed deposits of less than ₹2 crore offered by SBI, PNB, BoB and HDFC Bank

18/07/2020, Source : Livemint

 FDs fail to keep pace with retail inflation, money invested to lose value

FDs fail to keep pace with retail inflation, money invested to lose value

The situation is particularly alarming for senior citizens as their hard earned retirement corpus would be eaten up by high inflation and taxes.

16/07/2020, Source : Financial Express.

All You Need To Know LIC Jeevan Shanti Pension Plan

All You Need To Know LIC Jeevan Shanti Pension Plan

LIC's Jeevan Shanti plan can be purchased by paying a single premium of a minimum Rs 1.5 lakh. There is no upper limit for the premium.

16/07/2020, Source : NDTV