The Economic Times

How HNI NRIs should calculate their term insurance coverage

For high-net-worth NRIs, term insurance is crucial for securing their family's financial future, considering factors like inflation and global living costs. Indian insurers offer cost-effective policies with benefits like GST waivers, premium refunds, and worldwide coverage.

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Home loan EMIs continue to fall: 7 banks cut home loan interest rates after RBI repo rate cut in June

Following the Reserve Bank of India's repo rate cut in June 2025, several major banks, including SBI, Union Bank, and Bank of Baroda, have reduced their lending rates. This move lowers home loan interest rates for borrowers with floating rate loans linked to the repo rate.

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LIC eases claims process for Jammu & Kashmir terror attack victims

Following the tragic terror attack in Pahalgam, Jammu and Kashmir, where 26 people lost their lives, LIC has announced relief measures for the affected families.

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Top 5 reasons why women need life insurance in 2025

Here are the top five reasons why women need term life insurance in 2025.

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Income from asset transferred to even your daughter-in-law will be clubbed to your income and will be taxable in your hand in this case, says income tax dept

The Income Tax Department has recently released a new brochure highlighting how clubbing of income provisions is applicable for individual taxpayers.

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LICs Smart Pension Plan: What is it and other important FAQs for your retirement planning

LIC Smart Pension Scheme 2025: LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity options for retirees. With flexible payment frequencies and options for single or joint life annuities, the plan guarantees a steady income.

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A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?

Lately, there have been multiple demands to exempt term life insurance premiums from the ambit of GST (Goods and Services Tax). A high GST rate of 18% on life insurance premiums makes the plan too costly for many to afford.

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LIC unclaimed maturity amount at Rs 880.93 crore in FY2024: How to check if there is any unclaimed amount in your LIC policy

The Life Insurance Corporation (LIC) told Parliament on Monday that it has unclaimed maturity amounts of Rs 880.93 crore for the year 2023–2024.

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Life insurance rule change: From October 1, 2024, you will get higher refund when you surrender your life insurance policy

Policyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to offer a higher special surrender value (SSV) for traditional endowment policies from October 1, 2024. The new 'special surrender value' rule mandates higher refunds, offering flexibility to switch plans.

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