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Planning taxes? Don't forget insurance (rediff.com) A proper mix of cover that gets tax advantage is essential to ensure that there is adequate insurance. But first, you need to identify the needs. And they will keep on changing, according to your age, dependents and other factors: Medical insurance premiums up to Rs 15,000 come under Section 80D. And life insurance premiums up to Rs l00,000 get benefits under Section 80C.
13 smart insurance moves for 2009 (Bankrate.com via Yahoo! Finance) Insurers and employers will be trimming coverage in the coming year. Here's how to avoid gaps in insurance.
Consumer groups protest life insurers' plan to lower reserves (Los Angeles Times) Easing capital requirements would increase the risk that an insurer would fail to pay all its obligations, the groups say. But the industry's proposals have the support of regulators. Two prominent consumer groups are up in arms over proposals that would reduce the amount of money life insurers must set aside to pay future claims.
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