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Corporate Law - This articles explains Income-Tax Rates For Assessment Year 2020-21, some important Income Tax benefits available under various plans of Life Insurance such as deduction under section 80C, Section 80D, section 80DD, etc. also explains Income tax exemption on Maturity/Death Claims proceeds under Section 10(10D)....
Read MoreCorporate Law - Q.1 Who is an NRI? Ans. An Indian residing abroad is generally known as Non-Resident Indian (NRI). Non-Resident Indian (NRI) means a person resident outside India who is a citizen of India or is a person of Indian origin. NRI also includes the Person of Indian Origin (PIO). PIO is a person, who at any […]...
Read MoreCorporate Law - Often, people opt into life insurance because of reasons that have to do with tax planning and saving. The importance of life insurance is not lost on anyone who has a family or dependents. Life insurance provides an essential financial shield for the family in the unfortunate event of the policyholder’s demise. So the decision [&hellip...
Read MoreCorporate Law - As a business owner, you have to make many decisions related to your business, from how to market your products to how to deal with your employees. One employee-related decision is what employee benefits you will offer, from paid overtime to health care benefits. While there are many ways of ensuring that your employees are […]...
Read MoreCorporate Law - Today, investment planning is as important as earning. And why is that? In a volatile world like this, you never know what’s coming next for you. There might be an unexpected expense or rise in inflation, and all of this can create a financial imbalance in your life. The way you can deal with all […]...
Read MoreCorporate Law - The Insurance Regulatory and Development Authority of India (IRDAI) has put in place Integrated Grievance Management System (IGMS), which captures the complaints registered against all insurers. A statement showing the number of complaints received and attended to in the said system against both public and private general insurers during ...
Read MoreCorporate Law - (i) All insurers are required to display the information about any unclaimed amount above Rupees 1000/- of Policyholders in their respective web-site. (ii) A facility shall be given in the web-site of the insurer to enable Policyholders / or its dependents to find out whether any unclaimed amounts due to them are lying with the insurer....
Read MoreCorporate Law - Performance of private insurance companies are assessed through the following: - i.) Analysis of the financial statements and corporate governance report of the insurance companies on annual basis. ii.) Analysis of the statement of expenses of management and payment of commission on an annual basis....
Read MoreCorporate Law - A survey, conducted by Apollo Munich Health Insurance in collaboration with Nielsen India Pvt. Ltd. in 19 cities found that despite a rise in health insurance claims filed by women, few women are coming forward to buy health insurance....
Read MoreCorporate Law - Government’s policy of insuring the uninsured has gradually pushed insurance penetration in the country and proliferation of insurance schemes are expected to catapult this key ratio beyond 4 per cent mark by the end of this year, reveals the ASSOCHAM latest paper....
Read MoreRef: IRDA/HLT/REG/CIR/001/01/2020 - (01/01/2020) - The health insurance market is having a number of individual health insurance products. Each product has unique features and the insuring public may find it a challenge to choose an appropriate product. Therefore, with the following objectives, the Authority has decided to mandate all general and he...
Read MoreNotification No. G.S.R. 619(E) - (02/09/2019) - (1) These rules may be called Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019. (2) They shall come into force on the date of their publication in the Official Gazette....
Read MoreNotification No. G.S.R. 413(E) - (25/04/2017) - These rules shall be called the Insurance Ombudsman Rules, 2017. The objects of these Rules is to resolve all complaints of all personal lines of insurance, group insurance policies, policies issued to sole proprietorship and micro enterprises on the part of insurance companies and their agents and ...
Read MoreRef: IRDA/HLT/REG/CIR/001/01/2020 - (01/01/2020) -
Notification No. G.S.R. 619(E) - (02/09/2019) -
