You should be able to buy the same policy via a channel that passes the lower distribution costs to you as lower premium or better benefits.
Personal Finance
Reading Between The Lines: Insurance Commission Debate Misses The Key Point — Let Buyers Have A Choice To Save
Tightening The Grip: IRDAI's Course Correction On Insurance Distribution CostsGeneral insurers moved to a single EoM ceiling of 30% of premium and standalone health insurers to 35%, with boards free to allocate commission within that envelope. Life insurers, though freed from product-wise commission caps, retained segmental EoM limits within which commission had to fit.
Rs 50 Lakh Corpus At 35: How Long Could It Take To Reach Rs 1 CroreFor someone aged 35, if they have been able to save Rs 50 lakh, reaching the next milestone may be closer than it appears.
Your SIP Has Underperformed For Three Years: What Should You Check Before Stopping It?It is recommended to periodically review your portfolio to ensure that its returns are aligned with your expectations.
Rs 1 Crore Corpus: How Much Of It Could Inflation Take Away Over 20 Years?Long-term financial planning cannot stop at building a corpus. It has to account for what that corpus will actually be able to buy, years down the line.
Rs 25,000 EPF Ceiling: Will Your Take-Home Salary Fall Even If CTC Stays The Same?A fixed CTC leaves limited room for an increase in statutory costs without affecting other parts of the pay package. The revised EPF ceiling therefore has consequences for both the employee and employer contributions.
Festive Purchase: Cash, Credit Card Or No-Cost EMI - What Does It Really Cost?Consumers who have adequate funds available may find full payment through a credit card more economical, as long as the outstanding bill is cleared by the due date.
Gold Loan Boom Set To Cool As Personal Loans Take Over, UBS SaysAccording to an UBS report, personal loan growth hits a two-year high of 30% for non-banking financial companies (NBFCs) in August as gold price stabilisation threatens to end a rally that took gold loans from 1% to 5% of GDP since FY19.
Rs 25,000 EPF Wage Ceiling: What Happens To Your PF Corpus If Your Basic Salary Is Above The Old Limit?A gazette notification issued by the ministry on Sept. 17 formally brought the higher limit into effect.
Got Rs 1 Lakh Dividend Income? When Can TDS Be Refunded And When It Becomes A Tax Bill?Dividend TDS is not necessarily the final tax liability. The 10% deducted can be claimed as credit, with excess refunded or additional tax payable based on total income.
Rs 20 Lakh Salary + Rs 5 Lakh Side Income: When Does Your Tax Planning Need To Change?With annual income reaching Rs 25 lakh, taxpayers need to assess how freelance or other income is taxed, while keeping records of invoices, expenses and TDS.
Rs 25,000 Monthly Investment: What If You Increase It Only Once A Year?A Rs 25,000 monthly SIP can grow into a larger long-term corpus when contributions rise annually, with a 10% step-up helping investors put more money to work.