The retirement body had paid 50.8 million claims worth Rs 2.05 lakh...
Category:
Pension & Social Security
Latest
Demographic reality – a growing elderly population with fewer working-age people
Jad Ariss, managing director of the Geneva Association, said: “The...
DFS Secy launches LIC’s new Pension plan
M.P. Tangirala, additional secretary, M. Nagaraju, secretary,...
Climate could be responsible for 40 million deaths before the end of the century: UN report
Climate change is also likely to become a leading cause of death worldwide, the authors warn, and could be responsible for 40 million deaths before the end of the century, even with moderate mitigation of emissions People’s sense of safety and security is at a low in...
Covid 19 Pandemic: Global social protection spending at $2.9 trillion, rises nearly 270%
According to the latest UN data, the world is not on course to meet the fundamental Sustainable Development Goal (SDG), of eradicating extreme poverty Without decisive action, the number of people living in extreme poverty is expected to reach 600 million, or 7 per...
Insurers hope to benefit from Budget spurred economic growth
``We are confident that the proposed measures such as the National Digital Health Ecosystem and the tele mental health program will raise awareness, and in turn encourage people to opt for health insurance,’’ said. PC Kandpal, MD & CEO, SBI General Insurance...
Budget 2022-23:Tax deduction limit of state govt employees increased from 10 pc to 14 pc
''This is a significant announcement to bring state government employees on par with the central government employees and this will help state government employees getting extended social security benefits in line with their counterparts in the union government,''said...
NGOs raise concern over reduction in fund allocation in Budget for social sector
HelpAge India said there were high expectations from the budget given the pandemic which has adversely affected the income, pension and health needs of the nearly 14 crore elderly population. ''The budget has left those unaddressed,'' it said. New Delhi: NGOs working...
Economic Survey: More people now opt for a pension of Rs1000 per month
As on September 2021, around 78 per cent subscribers have opted for Rs 1000 per month pension amount, as compared to 38 per cent subscribers as on March 2016 The share of subscribers opting for Rs 2000/`Rs 3000/Rs 4000 per month pension is 8 per cent, while 14 per...
LIC revises annuity rates for Jeevan Akshay and New Jeevan Shanti
Life Insurance Corporation(LIC) has revised its annuity rates for Jeevan Akshay and New Jeevan Shanti with effect from 1st Feb 2022.The modified version of these plans with revised annuity rates shall be available for sale from 1st Feb .The annuity amount under both...
EPFO onboards Air India, takes into fold 7,453 airline employees for social security benefits
These employees of Air India now will be entitled to benefits like they will receive extra 2 per cent employer's contributions in their provident fund (PF) accounts at 12 per cent of their wages New Delhi: fund body EPFO has onboarded Air India Ltd for social security...
PFRDA to ‘discuss’ plan to raise equity exposure in NPS to 75%
"Currently, they have a maximum equity exposure of 50 per cent but that too 50 per cent we call auto kind of investment. So this auto choice is nothing but it follows a lifecycle fund pattern where up to the age of 35, it will be 50 per cent in equity and balance will...
Assets under management of NPS, APY cross Rs 6.99 lakh cr: PFRDA
NPS, which mainly caters to organised sector employees, is segmented into central government, state government, corporate sector employees, all citizens model and NPS Lite New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the...