There are two aspects that cause concern for individuals when it comes to health insurance. The first is the time period for which they will be covered and the other is the cost that they will pay for this coverage. Both are problem points for senior citizens as they often find themselves without a cover when they most need it.

As the medical needs of senior citizens may differ from people of other age groups, it is crucial for them to check the coverage, what is covered and not covered, available optional features and add-ons,

Life is a long journey that includes a variety of financial goals and entails many unforeseen circumstances. You will always strive to ensure a brighter and safer future for your loved ones, and having a sound financial plan in place can go a long way towards making it a reality.

LIC's Jeevan Shanti plan can be purchased by paying a single premium of a minimum Rs 1.5 lakh. There is no upper limit for the premium.

LIC Jeevan Labh policy can be purchased any individual in the age group of 8-59 years if the policy term is for 16 years.

RBI Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent,

All India LIC Employees Federation this week staged an hour-long walkout strike to protest against the move to sell its stake in the state-run insurer.

Tips for financial health: Investment decisions and portfolio management is best left to seasoned professionals with proven money management skills.

LIC New Money Back Plan 20-Years can be purchased by any individual for minimum sum assured of Rs. 1 lakh and there is no upper limit for sum assured.

However, tax authorities will ensure that no innocent is punished. "But citizens should not distort facts or fabricate false evidence," he said.

Individuals having an annual income of up to Rs2.5 lakh are not required to file income tax returns, according to Income Tax department.

Banks also charge a penalty from customers who fail to maintain an average monthly balance in their savings account

LIC Policy: The policy term for LIC Money Back Plan-20 Years is 20 years while the premium paying term is 15 years.

If an assessee satisfies conditions of both Section 24 and Section 80EEA of Income Tax Act, he/she will be able to claim benefits under both sections.

Finance Minister Nirmala Sitharaman in her first Budget made no changes in the income tax structure. However, she announced a slew of new income tax proposals that could impact many tax payers. "We are thankful to the taxpayers who play a major role in nation building by paying their taxes.

India Budget 2019: Assocham has demanded that the deductions under the Section 80C of the Income Tax act should be increased to Rs. 3 lakh.

Income tax rules (interim Budget 2019): Careful planning of investments can lead to a significant reduction in the assessees' tax outgo, say experts.

LIC insurance policy: LIC Jeevan Labh policy can be purchased any individual between the age group of eight and maximum of 59 years.