Health insurance: Use multiple plans efficiently

It’s not uncommon for an individual to be covered by two, or even three, health insurance policies. One reason for this is the rise in the cost of health-care services in the past decade. Ten years ago, a Rs 2-lakh health insurance cover was considered fairly sufficient for an entire family….

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Query corner: Taxation

What will happen to existing policies — most of which have a sum assured of only five times of the annual premium — once the revised Direct Taxes Code (DTC) comes into effect? If tax-free returns can be availed of on the existing policies, can I get relevant clause number in the DTC? What will be the tax treatment on traditional policies? — SUDHIR GOYAL…

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Start investing early for your child’s future

Start investing early for your child’s future

Three years ago, when their daughter Anushree was born, Yogita and Pawan Rathi were overwhelmed with joy. Coming from an upper middleclass family, they wanted to give the very best they could for their daughter….

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Insurers turn realistic, rope in experts to price risks

A decade after opening up, the insurance industry is showing signs of maturity. Underwriters — experts who price risks based on probability of any loss — are now very much in demand as insurers, after burning their fingers in rate wars, now look at more scientific pricing methods….

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