There are two aspects that cause concern for individuals when it comes to health insurance. The first is the time period for which they will be covered and the other is the cost that they will pay for this coverage. Both are problem points for senior citizens as they often find themselves without a cover when they most need it.

As the medical needs of senior citizens may differ from people of other age groups, it is crucial for them to check the coverage, what is covered and not covered, available optional features and add-ons,

Life is a long journey that includes a variety of financial goals and entails many unforeseen circumstances. You will always strive to ensure a brighter and safer future for your loved ones, and having a sound financial plan in place can go a long way towards making it a reality.

LIC's Jeevan Shanti plan can be purchased by paying a single premium of a minimum Rs 1.5 lakh. There is no upper limit for the premium.

LIC Jeevan Labh policy can be purchased any individual in the age group of 8-59 years if the policy term is for 16 years.

RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,

All India LIC Employees Federation this week staged an hour-long walkout strike to protest against the move to sell its stake in the state-run insurer.

Tips for financial health: Investment decisions and portfolio management is best left to seasoned professionals with proven money management skills.

LIC New Money Back Plan 20-Years can be purchased by any individual for minimum sum assured of Rs. 1 lakh and there is no upper limit for sum assured.

However, tax authorities will ensure that no innocent is punished. "But citizens should not distort facts or fabricate false evidence," he said.

Individuals having an annual income of up to Rs2.5 lakh are not required to file income tax returns, according to Income Tax department.

Banks also charge a penalty from customers who fail to maintain an average monthly balance in their savings account

LIC Policy: The policy term for LIC Money Back Plan-20 Years is 20 years while the premium paying term is 15 years.

If an assessee satisfies conditions of both Section 24 and Section 80EEA of Income Tax Act, he/she will be able to claim benefits under both sections.

Finance Minister Nirmala Sitharaman in her first Budget made no changes in the income tax structure. However, she announced a slew of new income tax proposals that could impact many tax payers. "We are thankful to the taxpayers who play a major role in nation building by paying their taxes.

India Budget 2019: Assocham has demanded that the deductions under the Section 80C of the Income Tax act should be increased to Rs. 3 lakh.

Income tax rules (interim Budget 2019): Careful planning of investments can lead to a significant reduction in the assessees' tax outgo, say experts.

LIC insurance policy: LIC Jeevan Labh policy can be purchased any individual between the age group of eight and maximum of 59 years.

Customers are charged for transactions at ATMs over and above the permitted number of free transactions.

LIC Plan: New Money Back Plan-20 Years can be purchased by any individual between age of 13 years and 50 years for minimum sum assured of Rs. 1 lakh.

LIC Jeevan Labh Policy: Any individual between the age of 8 and 59 years can purchase the LIC Jeevan Labh policy for minimum sum assured of Rs. 2 lakh.

LIC Policy: LIC New Jeevan Anand Policy can be purchased by any individual between age group of 18 and 50 years for minimum sum assured of Rs. 1 lakh.

LIC New Jeevan Nidhi plan is a conventional with profits pension plan with a combination of protection and saving features.

Any individual between the age group of 12-45 years of age can opt to buy LIC Jeevan Pragati Plan for a minimum sum assured of Rs. 1.5 lakh.

LIC Money Back Plan can be purchased with a minimum sum assured of Rs. 1 lakh and it has no limit on the maximum sum assured.

The premium paid for the LIC's New Jeevan Anand Policy plan also qualifies for tax rebate under Section 80C of the Income Tax Act.

Vijay Mallya is wanted in India for defaulting on Rs. 9,000 crore in loans to his failed Kingfisher Airlines.

Filine an income tax return (ITR) is mandatory for anybody earning an annual income of more than Rs. 2,50,000.

There is a common dilemma among people about the right age to buy a health insurance policy.

Long-term capital gains exceeding Rs. 1 lakh arising from redemption of mutual fund units or equities on or after April 1, 2018 will be taxed at 10 per cent.

Imposition of long term capital tax at the rate of 10% has spooked the Indian markets, Sensex and Nifty. Both market indices are in red despite the fact that they were considerably higher in run up to the Budget Speech in morning .

Tax experts say that reintroduction of standard deduction will help salaried employees get some parity with respect to businessmen and other self-employed professionals, who can claim a number of expenses such as rent, staff expenses and driver's salary etc. as business expenditure and reduce tax burden.

Finance Minister Arun Jaitley introduced a number of changes that will impact the income tax you pay, ranging from taxing long-term capital gains on investment in stocks and equity mutual funds to change in cess on income tax.

Aadhaar linking deadline has been extended by the government. An order modifies the law on Prevention of Money Laundering, saying Aadhaar, PAN and Form 60 can be submitted by "such date as may be notified by the Central Government".

Return from PPF (Public Provident Fund) and NSC (National Savings Certificate) will nearly halve from the day you become an NRI. According to the latest changes in rules, if a PPF account holder turns NRI, the account will be deemed closed even if it has not matured and will earn interest at the much lower rate applicable to Post Office savings account.

In a recent move, SBI has completely waived off account closure charges for some accounts, effective October 1.