Insurance Coverage News

The government has approved raising the EPF wage ceiling to Rs 25,000. This change will significantly increase the Employees’ Deposit Linked Insurance coverage amount. Nominees could receive a maximum assured sum of Rs 10.50 lakh or more. The revised ceiling aligns social security thresholds with current wage levels. Employers should await formal notification for detailed implementation provisions.

Navigating health insurance premiums can be tricky. Understand the crucial differences between deductibles and co-pays. While both share costs, one is fixed, the other a percentage. Discover which could cost you more and how to make the best choice for your financial well-being when medical needs arise.