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Source: Live Mint Ayushman Vay Vandana Yojana, a vertical under the state-backed health protection scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), offers free medical coverage for senior citizens. The Ayushman Vay Vandana Card under the scheme provides health insurance coverage up to ₹5 lakh for all citizens above 70 years of age….
Source: Live Mint India is on the brink of a demographic shift redefining its healthcare landscape. With an estimated 140 million elderly citizens today—projected to rise to 350 million by 2050—the need for comprehensive senior healthcare has never been more pressing. While longevity is a testament to medical advancements and improved living conditions, it also…
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…
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…
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…
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…
Source: Live Mint Indian Bank offers a special fixed deposit (known as IND Super 400 days) that offers upto 8.05 percent for super senior citizens. For the general public, the rate of interest is 7.30 percent and senior citizens are entitled to receive 7.80 percent per annum. IND Supreme 300 days fixed deposit There is…
Source: Live Mint On 29 October, the union government expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to provide free health insurance to all citizens aged 70 and above, regardless of income. To enrol for the scheme, senior citizens need to generate an Ayushman Vaya Vandana (AVV) Card. While the government has specified…
Source: Live Mint I am a retired bank employee. My total annual income is around 15 lakhs, which is comprised of a pension, LIC annuity, rent on house property, and interest on fixed deposit. I get the advantage of one per cent being ex-staff and half per cent being a senior citizen. I am also…
Source: Business Standard 3 min read Last Updated : Oct 15 2024 | 1:12 PM IST Bank of Baroda (BoB) has launched a special 400-day term deposit scheme that offers an interest rate of 7.9 per cent to super senior citizens for the festival season. Key features of ‘bob Utsav Deposit Scheme’ Click…
