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LIC offers up to ₹2,500 concession on revival of lapsed policies: 5 points
LIC offers up to ₹2,500 concession on revival of lapsed policies: 5 points

Concessions are limited to late fee only, LIC said The two-month campaign will end on 9th October

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What to do if you get a scrutiny notice from the tax department
What to do if you get a scrutiny notice from the tax department

Some of the taxpayers who have reported capital gains are getting scrutiny notices from the tax department asking for more details regarding these transactions.

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No extension of loan moratorium, but RBI introduces debt resolution plan for eligible borrowers
No extension of loan moratorium, but RBI introduces debt resolution plan for eligible borrowers

Mumbai: The RBI on Thursday said it will provide a debt resolution window to enable lenders to implement a resolution plan in respect of eligible corporate exposures as well as personal loans, keeping the ownership unchanged, and without classifying them as non-performing loans.

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Nominees have first right over life insurance claims, not legal heirs
Nominees have first right over life insurance claims, not legal heirs

If an immediate family member is made the nominee, then the proceeds will go to the intended person

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Life insurance: Physical signatures not required to buy a new policy
Life insurance: Physical signatures not required to buy a new policy

Insurer can send the completed proposal form to the customer's registered e-mail ID or mobile number in the form of an e-mail or a message with a link The customer can then give his consent by clicking the confirmation link or by validating the OTP shared

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Mediclaim vs health insurance: 5 differences that you just cannot afford to ignore
Mediclaim vs health insurance: 5 differences that you just cannot afford to ignore

Do you know the difference between a ‘Mediclaim’ and ‘Health Insurance Policy’? These two are being used interchangeably. Although, both these terms are used in the context of hospitalisation and medical expenses, they are two very different protection plans. Read this space to know how

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LIC's new business premium jumps 25% in FY20
LIC's new business premium jumps 25% in FY20

New business premium income of LIC's pension and group superannuation business reported nearly 40% growth

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 LIC’s new premium income soars 25.2% to Rs 1.78 lakh crore in FY20
LIC’s new premium income soars 25.2% to Rs 1.78 lakh crore in FY20

LIC continues to be the dominant life insurer with a market share of 75.90 per cent in policies and 68.74 per cent in first-year premium, it said in a statement on Thursday.

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Can guaranteed insurance products ensure stability to your portfolio?
Can guaranteed insurance products ensure stability to your portfolio?

There is a saying – “Don’t put all your eggs in one basket”. Similarly, in your investments too there is a need for diversification through investment in different product categories.

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