Blogs

As per the revised income tax laws, effective from April 1, 2013, any proceeds of a keyman insurance policy are now fully taxable. The new rules also provide that a keyman insurance policy which has been assigned to any person during its term, with or without consideration, shall continue to...

Critical ailments not only affect the person physically; it also has a major impact on the finances of the family. A critical insurance pays a lump sum amount which can be used to cover medical and household expenses and so it acts as an income replacement. It also has tax...

Until recently, most insurance companies had a cap of 65-70 years of age for health insurance. As per the revised guidelines of the IRDAI, all health insurance policies are to feature lifetime renewability.As a mandate, insurers must increase the entry age up to 65 years for renewing a health insurance...

Time is of utmost importance when it comes to medical emergency. Connectivity concerns can create dire consequences. The first few minutes after injury can immensely increase chances of survival. Air ambulance can increase the survival chances of critical cases. Traffic congestion in our cities makes it difficult for patients to...

The period of cover in a Project insurance policy (Contractors’ all risk or Erection all risks) begins with the unloading of the first project material at the site or beginning of construction (which ever is earlier). It ends with first test operation of the machinery but this is further limited...