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Bajaj Allianz Life goes live with BIMA-ASBA

Bajaj Allianz Life Insurance Company (BALIC) has gone live with the BIMA – Application Supported by Blocked Amount facility (Bima-ASBA), which will bring operational ease, enhance policyholder convenience, ensure greater transparency, and simplify the insurance premium payment process. BALIC is the first insurer to go live with the aforementioned facility, per the company’s statement. Under...
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Tata AIA launches new Multicap Pension Fund 

Tata AIA Life Insurance Co Ltd has introduced a new Multicap Momentum Quality Index Pension Fund, opening for subscription from February 21 to February 28, 2025. The fund aims to tap into India’s equity markets while providing retirement planning solutions. The pension fund will invest 80-100 per cent in equity and equity-related instruments aligned with...
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PF interest rate to continue at 8.25% for FY25

The Employees’ Provident Fund Organisation’s Central Board of Trustees (CBT) has decided to retain interest rate of 8.25 per cent for provident fund deposits for FY 2024-25 but has enhanced social security benefits under its insurance scheme. The CBT recommended 8.25 per cent annual rate of interest will be credited to members’ accounts for the...
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Budget 2025 – A fine blend of tax reforms and growth

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The biggest positive of Budget 2025 is the reduction of taxes for the middle class, which leaves more money in...

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