How To Reduce Financial Stress
Life goes on. It’s not worth spending time worrying about your finance. Be active in solving the problems. Financial stress will no longer affect you.
What Makes A Financial Service’s Website Successful?
Financial services must tie these three factors together – customer experience, best practices and reliability/responsiveness – to have an effective web presence. They can’t go hard into one particular area and ignore the others. They have to understand what’s available versus their competitors, what consumers think of their sites versus competitors’ and how their sites are performing.
Insurance Benefits for Dependants of EPF Members Raised from Rs 3,60,000 to Rs 6,00,000
The 208th meeting of the Central Board of Trustees (EPF) was held in Hyderabad today under the chairmanship of Shri Bandaru Dattatreya, Union Minister for Labour & Employment & Chairman, CBT, EPF. Major highlights of the meeting are:- 1. In a major decision, the Central Board of Trustees enhanced the Insurance benefits under the Employees…
Circular on Portability of Health Insurance Policies
In general, health insurance policies have specific exclusions for pre-existing diseases for a specified period of cover during the initial years. However, it has been observed that in cases where policyholder wishes to switch from one insurer to other, they do not gain any credit for the period of cover with previous insurer. Consequently the…
Exposure Draft on IRDAI (TPA-Health Services) REGULATIONS, 2015 – Comments Invited
Over fourteen years have elapsed since the introduction of TPAs into the Indian Insurance Industry and since the notification of the IRDA (TPA – Health Services) Regulations, 2001 in 2001. While certain amendments were carried out during 2013 and 2014, it was felt necessary to revisit certain provisions governing the TPA space. In addition to…
Portability of Health Insurance
When you change your health insurance policy from one insurance company to another, you don’t have to lose the benefits you have accumulated. In the past in health insurance policies, such a move resulted in your losing benefits like the waiting period for covering “Pre-existing Diseases”. Now IRDA protects you by giving you the right…
Employees State Insurance (ESI) – Contribution
Like EPF, in ESI scheme, both employees and employer need to contribute. Employees’ Contribution = 1.75% of their wagesEmployer Contribution = 4.75% of employees’ wages Here, wages include both salary and wages and it is taken as Gross. Maximum limit for Gross Salary/ wages is INR 15,000/-.It means those who are earning more than INR…
Employees’ State Insurance (ESI) – What is ESI? Its coverage and applicability?
ESI is an insurance scheme. It is a combination of a number of insurance policies. But it is not like other policies which anyone can purchase. Its applicability has been discussed later in this article. It provides following benefits to the member of ESI scheme: Medical benefit in the form of special hospitals dedicated. Death…