My health insurance policy has a room rent limit of ₹5,000 per day. If I get admitted to a hospital where the room costs ₹10,000 per day, how will this affect my entire claim? Should I consider porting my policy to the one without any room rent capping? – Name withheld on request Many policyholders…
Income Tax Return: As we enter the tax season, taxpayers must file their Income Tax Return (ITR). The deadline to file ITR 2025-26 is 15 September. While filing their tax return, every taxpayer should submit their filings via the relevant ITR forms. There are different types of ITR forms depending on the type of income…
Mutual Funds: Stock markets in India have been under pressure for a few days now, and US President Donald Trump’s announcement to impose a 50 percent tariff on Indian goods has not helped. Although markets ended positively on Thursday, they have been under pressure for the past few days. One may wonder whether investors should reconsider continuing…
Every time the markets wobble, WhatsApp groups start buzzing with messages. “Should I pause my SIPs?” asked one investor after Trump’s latest tariff threats sent the Sensex sliding. “Markets are uncertain, maybe wait and watch?” suggested another. The pattern is as predictable as it is self-defeating: the moment volatility appears, systematic investment plans (SIPs) suddenly…
Let me start with a confession: I always believed that I was good with money. But as it turned out, I was not. At least Gen AI told me so. No flashy splurges, no risky bets, and enough personal finance blogs under my belt to dodge the usual traps. Yet every month, my salary would…
A rich, tight-fisted grandmother; an uncle who travels all around the world but lands at the family home with a bride everyone is convinced is a gold digger; a strange and very hairy cousin; a brother you’d want to kill in a hundred different ways; parents who are so in love with one another that…
Income tax returns: The Income-Tax (I-T) Department has noted that when filing your returns all assessees must complete the process by completing e-verification of their ITR filing. In fact, not doing so within 30 days after filing your returns may result in your ITR refund getting delayed due to “invalid” or “incomplete” process. The tax…
Most health insurance plans offer a base cover of ₹5-10 lakh. But what happens if you or a family member need hospitalisation more than once in a year? And what if multiple family members are hospitalised under a floater policy—will all of them them be covered? The answer lies in a crucial but often overlooked…
As the September 15 deadline to file the income tax return (ITR) for the financial year 2024-25 draws closer, most taxpayers are expected to be busy arranging documents for filing their return well on time. Although it is recommended to seek an expert’s advice – a chartered accountant or an income tax expert – before…
The Reserve Bank of India on Wednesday flagged that a number of Pradhan Mantri Jan Dhan Yojana accounts are due for a re-KYC as the scheme has completed 10 years. In his MPC statement, RBI Governor Sanjay Malhotra said that camps are being organised by banks for customers to complete their re-KYC. Launched in 2014,…
