Meaning of Migration and Portability of Health Insurance Policies
The IRDAI Migration and Portability guidelines apply to all Retail (Individual) and Group indemnity Health insurance products. Insurance Regulatory and Development Authority of India (IRDAI) via its circular numbers IRDAI/HLT/REG/CIR/002/01/2020 and IRDAI/HLT/REG/CIR/003/01/2020 has issued guidelines on Migration and Portability. The guidelines apply to both Individual-insured and Family floater sum-insured policies. Migration: The insured person may…
Read article
UP Bank Holidays 2024 under NI Act: Uttar Pradesh State
The Government of Uttar Pradesh in its order No.528/3-2023-39(2)/2016 Dated 05.12.2023 declared the following days as Bank Holidays for the year 2024 under the explanation of Section 25 of Negotiable Instruments Act 1881. Sr.No Date Day Occasion/Festival Date 1 25.01.2024 Thursday MD.HAZARAT ALI’S BIRTHDAY 2 26.01.2024 Friday REPUBLIC DAY 3 08.03.2024 Friday MAHA SHIVRATRI 4…
Read article
Do you know what is a hybrid security?
A hybrid security is a single financial security that combines two or more different financial instruments. Following the budget 2023, hybrid instruments held for longer than a year are now more tax advantageous than debt funds because they are subject to a 20% tax rate and may even be eligible for an indexation benefit. Contrarily,…
Read articleBank Holidays 2024 under N.I.Act: Assam State
The Government of Assam declared the following holidays for the year 2024 under section 25 of the NI Act 1881. These holidays apply exclusively to the banks located within the State of Assam administration. Sr.No Date Day Occasion/Festival Date 1 15.01.2024 Monday MAGH BIHU and TUSU PUJA 2 23.01.2024 Tuesday NETAJI JAYANTI 3 26.01.2024 Friday…
Read articleBank Holidays 2024 under N.I.Act: Arunachal Pradesh
The government of Arunachal Pradesh in its circular no.GA-10/2015 dated 26.9.2023 declared the calendar of holidays for 2024 under the explanation of section 25 of NI Act 1881 Sr.No Date Day Occasion/Festival Date 1 01.01.2024 Monday NEW YEAR DAY 2 14.01.2024 Sunday MAKARA SANKRANTI 3 26.01.2024 Friday REPUBLIC DAY 4 20.02.2024 Tuesday STATEHOOD DAY 5…
Bank holidays 2024 in Lakshadweep UT
The Administration of Lakshadweep vide order no. F.No.32/02/2018-Genl./4076 dated 10.11.2023 declared Public holidays to be observed throughout UT Lakshadweep during the calendar year 2024. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday SHIVRATHRI 3 25.03.2024 Monday HOLI 4 29.03.2024 Friday GOOD FRIDAY 5 01.04.2024* Monday ANNUAL CLOSING OF BANKS’ ACCOUNT…
Read article