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  • All you need to know about expired two-wheeler insurance | The Financial Express
    s website and fill in the required details including vehicle registration number policy details and information pertaining to any add on cover that you may have opted for Your policy will be renewed at the completion of this procedure and documents will be sent to you via e mail Typically online renewal of policy does not require physical inspection of the vehicle You may choose to renew your policy offline by reaching out to your insurer and getting your ride surveyed You would then be asked to produce policy documents and claims related papers You will be awarded with the policy and NCB accordingly IRDAI introduced long term insurance for two wheelers for 3 yrs term If you opt for such policy you can avoid annual hike as the premium that you would pay will be equal to the annual premium applicable in the current year How can you reinstate your lapsed motor insurance policy Some of the insurers offer a facility that allows you to renew the policy after 90 days of break in period Unlike conventional processes wherein the insurer prompts you to undergo vehicle inspection before renewing the policy online renewal of break in policies allows consumers to revive their policy without any inspection and minimal documentation However be wary of the fact that the risk inception date commences 3 days from the day of policy purchase and any damages to the vehicle before this period will not be covered by the insurer Renewing your two wheeler is mandatory and not an option Today insurers offer hassle free and instant online renewal process with just a click of a button as against the conventional mode With the repercussions inclining towards legal and financial hassles are you prepared to face them anytime anywhere and bear the burden is a question you may want to ask yourself The author is CEO co founder Policybazaar com First Published on December 5 2015 1 34 pm Tags Insurance Please Wait while comments are loading More on this story Insurance industry seeks hike in tax exemption limit PSU general insurers outpace private players in premium collection Income tax laws and retirement Top 7 empowering points Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar

    Original URL path: http://www.financialexpress.com/article/blogs/all-you-need-to-know-about-expired-two-wheeler-insurance/174778/ (2016-02-08)
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  • Income tax laws and retirement: Top 7 empowering points | The Financial Express
    repaid through sale of the house property after their death The government has extended benefit of the scheme in the form of taxation as well by exempting the mortgage transaction from purview of capital gain tax in the hands of the senior citizen However the transaction of sale of property by the mortgagee for the purpose of recovering the loan is regarded as transfer and liable for capital gain tax 3 With a view to mitigate hardships of preparing tax estimates and payment of taxes in three instalments during a year relaxation has been provided to senior citizens from advance tax payment The senior citizens not having business income are exempted from payment of advance tax during the year and are allowed to discharge their tax liability at the time of filing income tax return 4 Tax benefit is also available on the Senior Citizens Savings Scheme which provides steady source of income to the senior citizens The amount invested under this scheme qualifies as tax saving investment under Section 80C for maximum deduction up to Rs 1 5 lakh 5 Medical expenses tend to escalate as people approach their old age The government has provided some relief and support to senior citizens in this regard A higher deduction can be availed in respect of payment towards medical insurance for senior and very senior citizens to the extent of Rs 30 000 per year from financial year 2015 16 Further in case no payment has been made towards medical insurance very senior citizens can claim deduction up to maximum of Rs 30 000 per year towards actual medical expenses incurred by them 6 Additional deduction has been granted in respect of expenses incurred on medical treatment of specified ailments and supported by medical prescription from a specialist Such deduction can be claimed up to Rs 60 000 for expenses incurred for senior citizens From FY2015 16 higher deduction of up to Rs 80 000 is allowable for expenses incurred on medical treatment of the specified ailments for very senior citizens 7 As per income tax provisions electronic filing of return is mandatory for persons with total income of Rs 5 lakh and above However very senior citizens are exempted from electronic filing of return even if their income exceeds Rs 5 lakh provided the returns are furnished in ITR 1 or ITR 2 The writer is senior director Deloitte Haskins and Sells With inputs from Sheetal Gothoskar manager Deloitte Haskins and Sells LLP First Published on October 13 2015 12 06 am Tags Income Tax Insurance Personal Finance Retirement Please Wait while comments are loading More on this story Planning to invest in retirement home Coimbatore and Bhiwadi could be a good choice Consider PPF and NPS early in your life for retirement corpus to grow Looking for a loan Here are 4 lifelines for your CIBIL score Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo

    Original URL path: http://www.financialexpress.com/article/personal-finance/tax-talk-know-income-tax-laws-to-ease-your-sunset-years/150265/ (2016-02-08)
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  • Print: How to make claims on multiple health policies – The Financial Express - Page 99
    and co pay you can then decide on which insurer to approach first The insurer may use the contribution clause So if your claim amount is Rs 3 5 lakh and insurer A has a sum assured of R3 lakh while insurer B has a sum assured of Rs 1 lakh insurer A will reimburse about 80 90 while insurer B will reimburse only 10 i e Rs 50 000 of the claim amount Streamlined claim process Each claim process usually takes about 30 45 days Claiming the entire amount from multiple insurers may take considerable time In case of cashless claims the claim settled by your first insurer will be cashless while the remaining claims would be reimbursed When paying the claim amount your first insurer will make a note of the deductions and sub limits as against the claim amount and then settle the claim Your second insurer will also follow the same process and once it decides on the claim amount it will then deduct the amount that you received from your first insurer Maximising claim process Claim from your group cover first If you have a group cover as well as an individual cover it is better to first approach your group insurer The reason being group policies have less complicated clauses For instance group health cover comes with lower or zero waiting period and pre existing diseases are covered from day one under group health plan unlike individual policies This makes the claim process faster In addition the number of claims made does not impact your future premiums And if you settle the entire claim through your group cover the no claim bonus NCB of your individual cover will not get impacted upon renewal Claim through your old cover first If you have two individual

    Original URL path: http://www.financialexpress.com/article/personal-finance/how-to-make-claims-on-multiple-health-policies/197617/99/print/ (2016-02-08)
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  • There is hardly any country in the world which relied on commercial insurance companies for implementation of UHC – The Financial Express
    health care financing and provisioning arrangements The following major issues have been documented by the existing studies on the said insurance programmes exclusions of eligible beneficiaries low level of knowledge about the programme amongst the eligible people inadequate administrative support for programme implementation high administrative cost of the programme insurance companies are given as high as 20 of the premium revenues lack of accountability at all levels denial of services fraudulent practices by health care providers private hospitals cherry picking of more profitable interventions and extraction of money from the beneficiaries More importantly there is a consensus on this fact that the PFPHI schemes made limited impact on utilisation of services and financial risk protection People still continue to pay from out of pocket despite being covered by PFPHI In view of these emerging evidences the government must think through about the choice of how to finance and deliver healthcare needs It is important to note that there is hardly any country in the world which relied on commercial insurance companies for the implementation of Universal Health Care UHC In order to make UHC a reality the government must fulfill its commitment of raising the public investment in health from the current level of 1 28 per cent to at least 2 5 per cent of GDP And these additional financial resources need to be spent on strengthening the public healthcare infrastructure of the country so that people could receive quality healthcare without the fear of financial hardship Since the services would be provided to all citizens irrespective of their level of income caste and religion through the public healthcare facilities the issues of leakages wont arise Should private hospitals be dropped from such schemes In India the private sector remains largely unregulated and since it looks at health care as a commodity and not as a right for the people or as a public good it would continue to make as much profits as possible by resorting to all kinds of tricks Even a country like US with its highly sophisticated health management and information system has not been able to check the moral hazard behaviour of the private sector Another example from the developing countries is Philippines where a social health insurance SHI system is in operation since 1995 and private sector has been the dominant provider However this has actually led to supply driven medical care unethical practices and the cherry picking of more profitable interventions by the private sector Several studies point that increased funds made available under SHI went to the private sector hospitals at the expense of public hospitals The effect on financial protection was also very limited as the incidence of out of pocket expenditure on health has not declined It would be therefore desirable not to rely on private hospitals for healthcare provision under any scheme or programme that is tax funded Since the sample size is small is this study being expanded This study has already been published in a highly

    Original URL path: http://www.financialexpress.com/article/healthcare/happening-now/there-is-hardly-any-country-in-the-world-which-relied-on-commercial-insurance-companies-for-implementation-of-uhc/182877/ (2016-02-08)
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  • Health insurance: Things to keep in mind before opting for super top-up plans | The Financial Express
    consideration the former would pay only if your claim amount crosses the threshold limit Money saver Super top plans are money saver as the premium on these is quite low Let me explain this to you with an example Let s assume you have a base health plan with Rs lakh sum insured and you intend to enhance it by R10 lakh You have three viable options take another health plan increase current sum insured to R15 lakh or opt for a super top up plan instead Base cover If you enhance your base health plan with a second health insurance plan you will have to pay an additional premium of R9 900 and should you choose to increase your current sum insured to R15 lakh you will have to pay around R9 400 as premium In comparison premium for super top up plan will be as low as R1 900 Stark difference Needless to say the latter is a much more cost effective while keeping all the benefits intact Who are the beneficiaries People who want higher health insurance coverage without creating a big dent in their pockets should consider buying a top up plan along with the basic indemnity plan If you are covered by group health insurance which has limits on sum assured then you should consider buying a super top up plan to secure yourself from health emergencies If you think you can manage medical costs up to certain limit but will require help if the costs go beyond a threshold then just buy a super top up plan Check the rules With super top up plans you can claim as many as times as you want till you exhaust the sum assured However it is imperative for you to check the disease and treatment coverage of these plans You don t want to end up buying a super top up plan that won t cover the treatment you might undergo in future as in case of pre existing diseases Thus it is important to carefully scrutinise what an individual plan offers and what are its exclusions This will help you align the right plan to meet your needs Make the most of super top up plans to secure your health at an affordable cost n The writer is CEO co founder Policybazaar com First Published on December 1 2015 12 06 am Tags Health Insurance Please Wait while comments are loading More on this story How to make claims on multiple health policies There is hardly any country in the world which relied on commercial insurance companies for implementation of UHC Indian origin entrepreneurs firm hCentive among America s fastest growing companies Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its

    Original URL path: http://www.financialexpress.com/article/personal-finance/health-insurance-things-to-keep-in-mind-before-opting-for-super-top-up-plans/172482/ (2016-02-08)
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  • Indian-origin entrepreneurs’ firm hCentive among America’s fastest growing companies – The Financial Express
    Fast 50 list a company must have a minimum of 2 million in revenue in the year 2011 and must reach 10 million by 2013 without dipping in between those years Companies eligible for the Deloitte Technology Fast 500 recognition are required to be headquartered in North America should have been in business for at least four years and should have reported FY 2011 operating revenues of at least 50 000 and FY 2014 revenues of at least 5 million Speaking about the achievement Sanjay Singh Co Founder and CEO hCentive Inc said We are thrilled to have earned this recognition from the Washington Business Journal and Deloitte Technology and are proud of our contributions to the growth of Washington D C area s technology industry Our technology is designed to deliver on our mission to empower access to health benefits by simplifying the solution and experience for governments carriers brokers and the employers and consumers they serve In September this year hcentive had announced plans to invest Rs 750 crores in the Indian market over the next five years at its R D centre and ramp up its India team by about 25 per cent over the next twelve months We look to our continued growth through hiring of top talent fostering a high performance culture and the further refinement and expansion of our healthcare solutions Singh added To qualify for the Washington Business Journal Fast 50 list all companies must be headquartered in the region and must maintain a steady growth across three consecutive years The Washington Business Journal calculates the percent change between revenue from 2011 and 2012 and revenue from 2012 and 2013 and then averages the two per cent changes to rank the list Related Items America s fastest growing companies Deloitte Technology hCentive Health

    Original URL path: http://www.financialexpress.com/article/healthcare/happening-now/indian-origin-entrepreneurs-firm-hcentive-among-americas-fastest-growing-companies/170338/ (2016-02-08)
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  • Second issue of Gold Bond Scheme opens today: 8 things to know | The Financial Express
    invest enty 500 gm Available in DEMAT and paper form Tradable on stock exchnages Tenure of Bond 8 years with an exit option in 5th 6th and 7th year Can be used as collateral for loans Zero risk of handling actual gold According to a news agency PTI government is unlikely to mobilise Rs 15 000 crore from sovereign gold bond scheme even as its second tranche was launched today First Published on January 18 2016 10 59 am Tags Gold Bond Scheme Please Wait while comments are loading More on this story Why Sovereign Gold Bond is the best option to invest in gold Govt unlikely to mobilise Rs 15 000 cr from gold bond scheme Govt targets temple gold hoard to rescue monetisation plan Report Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra

    Original URL path: http://www.financialexpress.com/article/personal-finance/second-issue-of-sovereign-gold-bond-scheme-opens-today-8-things-to-know/196673/ (2016-02-08)
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  • Print: Insurance industry is not showing proportionate growth indications – The Financial Express - Page 99
    showing proportionate growth indications The industry has perhaps failed to build up infrastructure for achieving exceptionally high rate of growth During last five years this industry is known for struggling against so many odds including tough and often stifling regulatory interventions The industry also struggled to overcome the setback caused due to adverse public sentiments following allegations of mass scale miss selling But the fact remains that the industry leaders have remained behind others in creating a clear space for their industry in the total economic environment Repeating the strategy of the past can produce semblance of growth but cannot propel the industry to such growth as is required to match the growth in the economy as a whole When economy moves faster a new set of strategies aligned to new factors emerging in the environment is required and when the economy grows at slower pace compared to the industry the on going strategies are required to be religiously followed to avoid falling into the trend Therefore today all segments of the insurance business have to register some resurgence propelled by innovative growth engines Every insurer has to introspect whether it has to move faster than the existing pace whether it has to achieve better service efficiency or whether it has to bring in cheaper and more customer friendly products Something has to be done to break away from the status quo characterised by either slow growth or negligible growth Distribution being the most challenging part of the insurance business needs fresh approach Compared to the best of the time for the industry in India seven to eight years ago today he number of distributors number of employees as well as number of offices are far fewer Perhaps the industry could not manage to sustain fast growth in difficult times

    Original URL path: http://www.financialexpress.com/article/personal-finance/insurance-industry-is-not-showing-proportionate-growth-indications/197619/99/print/ (2016-02-08)
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