Finance Ministry approves 17 per cent wage hike for LIC employees
 

HDFC Life announces the 'No Jhanjhat Life Insurance Fatafat' campaign
 

Making the most of day care claims in health insurance
Often, getting admitted to a hospital means staying on and getting treatment for ailments over a few days or weeks. However, for many diseases and medical conditions, the treatment or surgical procedure is done within a few hours and the patient is discharged the same day. Thanks to developments in medical science and the extensive use of technology, many diseases are treated as day care procedures.

IRDAI lifts age limit on health insurance: Here’s how senior citizens need to understand coverage, premiums and exclusions
For Dr Akash Jaiswal, keeping up with the clauses of insurance plans while treating his patients is a challenge. “There are many ifs and buts. Sometimes after prescribing a test, you come to know it is not covered by a policy. Or there are limits to cost reimbursements and the number of days one can be admitted — this is a challenge for the elderly because they tend to need longer hospital stays. There should be policies that provide comprehensive coverage, including services such as preventive health check-ups and immunisation,” says the geriatrician, a healthcare provider for older people. Despite working at Fortis Hospital, Gurugram, he himself has had difficulties in getting the right cover for his parents.

43% consumers faced problems in health insurance claims: LocalCircles Survey
As many as 43 per cent of insurance policyholders had difficulties processing their “health insurance” claims in the past three years on an aggregate basis, says a survey.

EPF Claim Settlement: How many days does it take for an employee’s provident fund claim to process? Here’s what EPFO says
The Employees’ Provident Fund Organisation (EPFO) allows an employee to contribute a certain percentage of the basic salary towards provident fund. As per EPFO norms, the employee has to contribute 12% of his basic pay, which is equally matched by his employer, towards the EPF account. Of the employer’s 12% contribution, 8.33% goes towards employees’ pension scheme (EPS) and 3.67% towards provident fund. On the other hand, the employee’s entire contribution of 12% goes to provident fund.

Mutual fund: This Motilal Oswal fund has turned Rs 10,000 SIP into Rs 29 lakh in 10 years
Motilal Oswal Flexicap Fund, a flagship offering from Motilal Oswal Asset Management Company, completed 10 years on April 28. The fund during these 10 years has yielded an 18.66% annualised return and an absolute return of 455.40%. A lumpsum amount of Rs 10,000 invested 10 years back would have grown to Rs 55,540 now. Similarly, the fund given a 15.63% annualised return for SIP investors in this 10-year period, turning Rs 10,000 SIP into Rs 29 lakh.

Mutual Funds: 10 dynamic asset allocation funds beat the benchmark index in the past three years
When investors make a decision to invest in a mutual fund scheme, they weigh a number of factors ranging from the historical returns to the fund house’s reputation, and overall market scenario to the future outlook.

MF Investment: Manage high valuations and market volatility with Hybrid Mutual Funds
Hybrid Mutual Funds combine various asset classes and allocate on a dynamic basis or vide a static allocation percentage, reducing volatility as compared to pure equity funds. Many a times it is not so much about the point-to-point returns. It is about a stable journey for moderate to low-risk profile investors so that they could continue on the investment track and do not exit.

FPIs domiciled at GIFT City allowed to issue P-notes to investors
Source Credit: Samie Modak, Business Standard

Mumbai: Foreign portfolio investors (FPIs) domiciled at the GIFT International Financial Services Centre (IFSC) and registered with the Securities and Exchange Board of India (Sebi) have been allowed to issue offshore derivative instruments (ODIs), popularly known as participatory notes (pnotes).
 

Maharashtra leads in private equity investments in FY24 while overall investment drops