Section 80DD Deduction Limit provides tax deduction to families of disabled persons for the purpose of caring for a disabled dependent. This can be claimed by families of disabled dependents and not the dependents themselves. Check everything you need to know such as who is eligible, how to claim, documents required and the cans and can’ts about the Section 80DD Deduction Limit.
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Health insurance planning is for a lifetime. Relying on your employer’s health insurance plan is not so bad. It’s ‘free’ after all. But most group plans fall short on addressing needs for our parents, and also when you retire, leaving us in the lurch at 60 evidently staring at the next 25 years or so without any health cover for us and our spouses. Check this article to find out why you shouldn’t rely on your company’s group health plan alone.
National Pension Scheme (NPS) has gained popularity and its funds have performed extremely well since its inception. Some of the fund have even beaten Mutual Fund benchmarks. Check out NPS returns and find out the best funds across all asset categories – Equities, Corporate Debt Bonds and Government Bonds.
Car Depreciation Rate has a high impact on car insurance premium during renewal. Even car/bike parts have a specific formula for calculating depreciation, that can affect your contribution in case of a claim. Know how Car Depreciation Rate is calculated and how it affects IDV of your car in each year.
Sukanya Samriddhi Yojana Account is a plan that every parent with daughters below age 10 must invest in. High guaranteed interest rate and the ease to operate it through any post-office or bank account make it a great proposition. Here’s everything you want to know about the SSY Account benefits, including how to go about starting the account.
In the last year, several new types of term insurance plans have emerged in India, giving you flexibility to choose the way you want the death claim to be paid. Some offer a single claim payout, some offer it in installments, some offer both, and some, even more. But too many options means the dilemma of making the right choice which will address all our needs comprehensively.
Don’t be confused – here’s how you can pick the term plan most suited for your individual need.