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Budget 2021: Expect 'wild card entry' on NRI residential status
In case of no relaxation in residential status, NRIs would have to pay advance tax to avoid penal interest
Irdai to have panel for separate payments of vehicles, insurance premium
The Insurance Regulatory and Development Authority of India (Irdai) had issued MISP guidelines in 2017 with the intention of streamlining the process and bringing the practices of vehicle insurance, being sold by automotive dealers under the provisions of the Insurance Act, 1938
Harassment in fintech loan recovery: Why onus is on borrowers too
Fintech platforms might be taking borrowers for a ride, but onus is on the borrowers too - take loan with an intent to pay back, check the loan agreement parties, and be very alert about the data that you are sharing
IRDAI asks insurers to adopt one aspirational district each
The protection gap is 80-90 per cent in the country, so only 20 per cent people have any kind of insurance protection either in the form of life or general insurance, IRDAI Chairman S C Khuntia said
SBI Retirement Benefit Fund launch today; offers free term cover with SIPs
If you are looking for hassle free retirement planning with a disciplined approach to it, SBI Retirement Benefit Fund could be a good option. The five-year lock-in will ensure that you stay committed to your retirement goal
BT Insight: How to save long-term capital gains on equity mutual funds
Every penny of reduction in tax outflow boosts your return. If your expected long-term capital gain is below Rs 1 lakh, your gains will be completely exempted and hence you would not need to go for any additional effort to save taxes
IRDAI asks insurers to forge agreements on COVID-19 treatment rates
The insurers should make efforts to have agreement with health providers on rates for treatment of Covid-19 similar to other diseases for which rate agreements are in place, IRDAI said
BT Buzz: How to vaccinate against Bitcoin fever
The Bitcoin prices may have corrected about 25 per cent in last three days. It had shot through the roof over the last few months - from $6000-odd in April to $41,946.74 as on January 8, its all-time high. It hit a day's low of $30,549.60 on Monday
Life insurance sector's new premium biz falls 3% in Dec
The country's largest life insurer LIC contributed Rs 14,345.70 crore or 58 per cent to the total premium generated during the month, showed IRDAI data
MF investors pull out over Rs 16,000 crore from equity, hybrid schemes in Dec
Even the hybrid funds are no exception as they too witnessed a net outflow of Rs 5,932 crore in December 2020, which is higher than Rs 5,249 crore witnessed in November last year