Life insurers need applicants to abstain from tobacco for up to five years. Life insurers need applicants to abstain from tobacco for up to five years. When buying an online term insurance plan, Janmejay Singh (35) was asked if he consumes tobacco in any form. Singh, who had quit smoking eight months ago, selected the ‘non-smoker’ option. On payment, the company asked him to go for a health check for his Rs 50-lakh policy. When the reports were ... Rediff.com, 2 days ago
Continuing with its efforts to spread financial literacy across the state, J&K Bank conducted an awareness camp at village Dussu in Pampore block of Pulwama district wherein a large gathering of residents from the village and its adjoining villages ...Jammu and Kashmir Bank Limited, 1 week ago
If the sum assured is less than 10 times premium, the proceeds will be taxed. With the tax-saving season coming, both insurers and mutual fund houses will aggressively promote their products to investors. Those who are buying insurance products, this year need to be more careful. It is important to check if the investment is tax-complaint, especially for those above 45 years. Explains Alok Agrawal, senior director at Deloitte Haskins & Sells: “The first condition pertains to the ...Rediff.com, 2 months ago
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