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Life Insurance Corporation of India has introduced Group Post Retirement Medical Benefit Scheme with effect from 2nd May 2023. This plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product. The plan helps to meet the employer’s obligation for Post-Retirement Medical Benefit to their employees. The plan also offers a fixed Life Cover Benefit (Sum Assured) to each member. Any employer willing to fund for their Employees’ Benefit may adopt the scheme. &...
Launch of LIC`s Group Post Retirement Medical Benefit Scheme
Earning enough money is one thing. Handling your finances prudently is another. In today’s world, living a humble lifestyle is considerably difficult for many. Easy access to frivolous expenses might be spoiling your spending habits. Today we make it easy for you to understand if you are good at managing your money. Simple 5 signs that will make it clear if you are on the right track while taking care of your 1. Steady flow of income If you have a steady flow of income...
5 Signs You`re Good at Managing Your Money
For savers, it's a long-awaited win. After years of making virtually nothing on their bank accounts and FDs, savers are finally getting closer to keeping up with inflation. Investors are also getting rewarded with higher interest payments for buying newly issued bonds. This is a good time to lock into high yields. Vishal Chandiramani, Managing Partner, Products, and COO, TrustPlutus Wealth, said with inflation picking up globally due to reasons such as supply chain bottlenecks, the Rus...
After years of getting a raw deal, savers savour interest rate hike
Retirement fund body Employees' Provident Fund Organisation (EPFO) will consider and approve a proposal for setting up a central pension disbursal system in its meeting on July 29 and 30, paving the way for crediting the benefit into over 73 lakh pensioners' bank accounts in one go across India. Presently, over 138 regional offices of the EPFO disburse pensions to beneficiaries in their region separately. Thus, the pensioners of different regional offices are getting pensions at di...
EPFO to soon approve proposal for setting up central pension disbursal system
After dedicating years at an organisation day in and out, a good retirement is a gift well deserved. To make sure you are living it up even after 60 and ticking off your bucket list, investing in a good retirement plan in your early years is ideal. Look for investments that help you meet your life goals and requirements. A one-time premium pension plan is one such option that will make sure your requirements and holiday needs are taken care of. While a good pension plan takes care of...
Planning Your Retirement? 6 Places to Visit Before You Retire
With your working years spent in the office trying to secure yourself financially well enough to fulfil your goals, retirement can often open up many unexplored horizons in your life. After the initial excitement of being retired wears off, the need to find ways to make life interesting and secure becomes a core requirement. Here are some ways to add purpose to your life after retirement: Build a healthy life: Incorporate new ways to make your life healthier by adding exercise, health...
Purposeful Life after Retirement
Being retired is all about stretching your legs and reaping the benefits of a life you’ve worked hard to have. But in order to enjoy your second innings, you need effective retirement planning - one that doesn’t leave you with regrets and allows you to maintain your lifestyle. Set your priorities Figuring out what you’d like to do and how you’d like to do it would be a good place to get started. Would you like to stick close to family, or would you like to have y...
Key to a Happy Retirement
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