Personal accident insurance offers no such certainty. Its exclusions are extensive and linked to the nature of the accident. Common exclusions include intoxication, adventure sports, hazardous occupations, self-harm and war. Premiums may be revised at renewal, and renewal itself is not always guaranteed.
Hyderabad: Riding on its success in the recent Legislative Assembly polls, the ruling Congress in Telangana is banking on the implementation of its poll ‘guarantees’ to score big in the Lok Sabha elections, being held on May 13. An Assembly bypoll will also be held on that day in this southern state. The morale of…
An annual salary of ₹60 lakh requires one additional step in tax calculation under the new tax regime compared to lower income levels. In addition to applying slab-wise tax rates, taxpayers must also account for a 10% surcharge, which applies once taxable income exceeds ₹50 lakh. Here is a step-by-step breakdown of how the tax…
ICICI Bank is close to raising at least $500 million through five-year dollar-denominated bonds as it looks to tap the Reserve Bank of India’s concessional dollar-rupee swap facility, sources familiar with the matter said. The bonds would be raised under SEC’s144A rules that allows companies to raise capital rapidly from Qualified Institutional Buyers (QIBs) in…
More than 200 economists, tech bosses and researchers from across the globe have put their names on a short, sharply worded open letter cautioning that artificial intelligence is on track to shake up the job market in a big way, and that governments are lagging behind. Organised by the Stanford Digital Economy Lab, the letter…
The ongoing monsoon in India is a time when we should watch not just the skies and the downpour, but also carefully scrutinise the fine print of our home insurance policy. The mere assumption that one has such an insurance policy and any claims arising from such climatic events will automatically be covered is an…
Amid growing speculation over the fitment factor under the 8th Central Pay Commission (CPC), the Centre has clarified in Parliament that the Commission is not required to keep the government informed about its meetings, stakeholder consultations or proposals under consideration. The government also refrained from commenting on demands raised by employee unions, saying the Commission…