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Business Standard
4 days ago
- Business Standard
Travel insurance: Choose sum insured based on health, age and trip type
Longer trips, adventure activities and remote destinations require higher coverage; policy sub-limits, pre-existing conditions and travel risks must be factored in premium Himali Patel Listen to This Article Indians wish to travel more frequently and are prepared to spend more on travel. Thomas Cook and SOTC's India Holiday Report 2025 says that 85 per cent of respondents in a recent survey planned to increase their holidays from two per year to four or six trips annually. Around 84 per cent intend to boost their travel spends by 20–50 per cent in 2025, with over 18 per cent aiming for a 50 per cent increase. Before setting out for a foreign destination, holidaymakers must purchase a travel insurance policy with an adequate sum insured and sufficient limits for each
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Business Standard
21-05-2025
- Business
- Business Standard
Unlimited health cover is helpful, but ensure your plan has these features
A cumulative bonus rider can increase the sum insured without an increase in premium Himali Patel Listen to This Article Future Generali India Insurance has launched 'Health Unlimited', an insurance plan that offers unlimited coverage once in a lifetime. ICICI Lombard had earlier introduced a similar offering — Elevate (with the Infinite Care add-on). While this benefit is significant, policyholders should ensure their plan includes additional features that can help them cope with steep medical inflation. Buy adequate sum insured Families living in metro cities should opt for a higher sum insured. 'Health care costs in India are rising sharply, driven by an annual medical inflation rate of 14 per cent. Moreover, the cost of advanced treatments is also high
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Business Standard
19-05-2025
- Business
- Business Standard
Old vs new tax regime: Consider income and deductions before you pick
If you declared one regime to your employer for TDS but later find the other more beneficial, you can still switch when filing your income-tax return Himali Patel Mumbai Listen to This Article A study by 1 Finance of 1,865 information technology (IT) professionals found that 68 per cent could have saved an average of ₹49,094 in taxes in the financial year (FY) 2024–25. Of those surveyed, 33 per cent selected the wrong tax regime. Among them, 86 per cent should have switched from the old to the new regime, while the rest would have benefited by shifting in the opposite direction. Understand the differences The old regime provides an exemption limit of ₹2.5 lakh, with a maximum slab rate of 30 per cent on income above ₹10 lakh. It features four tax
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Business Standard
14-05-2025
- Business
- Business Standard
Home insurance must: Loss of rent for landlord, liability cover for tenant
Insuring contents is critical if a property being rented is furnished; declare valuable items to insurance company Himali Patel Mumbai Listen to This Article Home insurance policies nowadays are highly modular. In SBI General's Flexi Home Insurance, for instance, only fire cover is mandatory. Customers can thereafter select whatever covers they need. To do this, however, landlords and tenants must be aware of the covers that are relevant to them. Must-have covers for landlords Landlords must insure their buildings. 'It should be insured against perils such as fire, earthquake, storm, flood, landslide, riot, terrorism, and so on,' says Subramanyam Brahmajosyula, chief product and marketing officer, SBI General Insurance. Contents insurance is essential if the property being rented is furnished. 'The cover could include furniture, appliances, and
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Business Standard
07-05-2025
- Business
- Business Standard
Risk-tolerant, long-term investors may hold these in satellite portfolio
EW index-based funds can be more volatile due to exposure to smaller companies Premium Himali Patel Listen to This Article Mirae Asset Nifty 50 Equal Weight (EW) Exchange Traded Fund's (ETF's) new fund offer closed on May 6. Several fund houses, including SBI, HDFC, ICICI, Kotak, Nippon, DSP, and Motilal Oswal already offer schemes based on EW indices. USP of these funds In market capitalisation-weighted index funds, larger companies receive greater weight. 'An EW index-based fund assigns the same weight to each stock in the index, regardless of their market cap size,' says Chintan Haria, principal–investment strategy, ICICI Prudential Mutual Fund. In market cap indices, large companies dominate performance. These funds are value or contrarian oriented, whereas market cap-weighted funds
