“We are strengthening our social security through comprehensive...
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Pension & Social Security
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National Pension System delivered over 13% annual returns in equity schemes: FM Sitharaman
The new framework gives pension funds the freedom to create their...
Sitharaman to launch nationwide awareness campaign of unclaimed financial assets on Oct 4
Nirmala Sitharaman ,Union Minister for Finance and Corporate...
Household savings are choosing mutual funds, insurance and pension funds over banks to invest savings: RBI Governor
``While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds" New Delhi:...
Term Insurance: Multiple features with flexible options
Several term plans come with the flexibility of being converted into an endowment policy or a pension fund with monthly annuities, thus becoming more attractive to people Amit Jaiswal, Chief BALIC Direct Officer, Bajaj Allianz Life Insurance One of the simplest forms...
Shriram Life Insurance launches affordable annuity plan
Shriram Life Insurance has launched an affordable annuity plan that balances long-term savings growth along with insurance protection. Individuals aged 40 and up until the age of 75 can purchase Shriram Life Deferred Annuity Plan, which offers tax benefits as well as...
EPFO’s gross new subscribers addition declined by over 4 per cent to 10.9 million in 2023-24
The report also showed that the gross addition of members of Employees' State Insurance Corporation (ESIC) also dipped to 16,760,672 in 2023-24 from 16,773,023 in 2022-23 New Delhi: Retirement fund body EPFO's gross new subscribers addition declined by over 4 per cent...
AP Govt to disburse hiked welfare pensions on July 1
N Chandrababu Naidu,Chief Minister,Andhra Pradesh Over 65 lakh beneficiaries under 28 categories will benefit. The new government has also increased pensions to eligible specially-abled persons from Rs 3,000 per month to Rs 6,000 per month Amaravati (Andhra Pradesh):...
IOA planning medical insurance and pension for former Olympians
"The IOA is committed to taking athlete-centric steps, and one of these is providing medical insurance and pension for all our ex-Olympians," IOA President and legendary athlete PT Usha said New Delhi: The Indian Olympic Association (IOA) is set to introduce...
EPFO adds highest-ever members in April since 2018
The share of women in the new members stood around 2.49 lakh out of total of 8.87 lakh new members, indicating a broader shift towards a more inclusive and diverse workforce. An increase of 31.29 per cent has been registered in net member addition during April as...
Atal Pension Yojana adds record 12.2 million new members in 2023-24
The government pension scheme achieved a growth of 24 per cent in gross enrolments at the end of FY 23-24 standing at 64.4 million. APY is rapidly gaining popularity among women and youth. In FY24, out of the total enrolments, 52 per cent were women and out of the...
Only 29% elderly people have access to social security schemes like Pensions, PF: Study
Health insurance coverage is limited to 31 per cent of the elderly New Delhi: Only 29 per cent elderly people reported to have access to social security schemes, such as old-age pensions or provident funds, according to a study by the NGO HelpAge. A similar proportion...
Norway sovereign wealth fund excludes Adani Ports from over ethical concerns
Norges said it decided to exclude Adani Ports due to "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict" Norway's central bank said on Wednesday that its executive board has decided to exclude...