Beyond the cap: Can we truly fix senior citizen health insurance?

Beyond the cap: Can we truly fix senior citizen health insurance?

Source: Live Mint While the move promises stability, it also raises a crucial question: Will insurers find new ways to offset costs, tightening underwriting and claim scrutiny?  There are some areas where additional refinements could enhance consumer protection and clarity. Shielding seniors The 10% cap offers much-needed relief by preventing the sudden, steep premium hikes…

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Attractive bank fixed deposit ( FD) rates: Up to 9% for general depositors and 9.5% for senior citizens. Details here | Mint

Attractive bank fixed deposit ( FD) rates: Up to 9% for general depositors and 9.5% for senior citizens. Details here | Mint

Source: Live Mint The Reserve Bank of India (RBI) cut its repo rate from 6.50% to 6.25%, a 25 basis point decrease. This presents a problem for investors in Fixed Deposits (FDs) because a decrease in the repo rate usually indicates a future decrease in bank interest rates. This is the last chance for FD…

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How can senior citizens benefit from SCSS? Interest rates, tax savings, and more | Mint

How can senior citizens benefit from SCSS? Interest rates, tax savings, and more | Mint

Source: Live Mint The Senior Citizens Savings Scheme (SCSS) is a government-backed savings initiative tailored for senior citizens to ensure a secure and regular income post-retirement. With guaranteed returns, tax benefits, and a straightforward process, it is one of the most reliable financial tools available for retired individuals in India. This scheme is available through…

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What happens if a pensioner misses Life Certificate submission date? Explained | Mint

What happens if a pensioner misses Life Certificate submission date? Explained | Mint

Source: Live Mint Alert pensioners, the last date or deadline for submitting your Life Certificate annually is today (November 30). Also known as the ‘Jeewan Pramaan Patra’, all retired state and central government employees are required to submit the document to authorised pension disbursing agencies such as banks, post offices, etc. This enables the pensioners…

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Govt’s free health insurance scheme welcomes senior citizens. But can they rely on it? | Mint

Govt’s free health insurance scheme welcomes senior citizens. But can they rely on it? | Mint

Source: Live Mint The government recently expanded the scope of its free public health insurance scheme, Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), to include all citizens above age 70 irrespective of their socio-economic status.  This comes at a time when health insurance premiums for senior citizens have been soaring. But will it be a…

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