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When NRIs buy term insurance in India, the aim is to secure the future of their family back home which is financially dependent on them for a living.
A pure term plan levies 18% GST across all premiums whereas TROP GST is 4.5% annually and 2.25% thereafter.
Health or medical insurance covers are eligible for tax deduction up to Rs 1 lakh.
Insurance frauds lead to stricter scrutiny of claims. This would make the process longer and eventually delay settlements.
Here are 9 features of the Bharat Griha Raksha cover to help you understand the standard home insurance policy better.
Before buying a rider, always check the premium difference and the coverage offered compared with a standalone policy.
Market experts believe the mega IPO is estimated to be around Rs 1 lakh crore.
Domiciliary hospitalisation prevents the hassles of hospital attendance when patient movement is simply not feasible.
In this insurance policy, the car owner has to pay the premium according to the kilometers of the distance covered by his/her car.
Liability coverage forms an essential component of risk management that protects the business/individual from financial damage and legal mess.