INSURANCE AND PENSION COVERAGE
NPS subscribers are less swayed by short-term market movements now, says Axis Pension Fund CEO Sumit Shukla
Axis Pension Fund intends to enhance its National Pension System offerings to provide better retirement savings options. The introduction of NPS Swasthya addresses the health insurance needs for older customers effectively. Despite tax benefits, low awareness continues to hinder corporate NPS uptake among employees. Further clarity on Tier-II NPS account taxation and extended tax deductions could encourage broader participation.
FD rate up to 8.5% for senior citizens investing for five years; know the list of banks
Senior citizens in India have exciting options for fixed deposits, with top banks enticing them with appealing interest rates. Leading the pack, Suryoday Small Finance Bank boasts a remarkable 8.5% for five-year deposits. It's important for savers to be aware of TDS regulations that apply on annual interest exceeding Rs 1 lakh, so filing Form 121 can prevent this.
5 stocks with consistent score improvement and upside potential of up to 29% in 1 year, according to analysts
Do not paint the whole market with one brush. Even in an extended fall like the current one, some parts of the economy still manage to hold up. And the surprise tends to come from the corner nobody was watching.
These large-, mid- and small-cap stocks can give more than 20% return in 1 year, according to analysts
There is really no doubt about what will happen in the short term. It is going to be tough. Trying to guess the exact day when things will improve is a waste of effort. But a frightened market is exactly when it helps to look the other way. Because markets go too far in both directions, not only the one that is hurting today.
India Post revenue rises 25% in Q2 as parcel biz soars: Minister Scindia
India Post has reported a revenue growth of 25% year-on-year for the September quarter. The increase was largely driven by a 71% rise in parcel revenue. Revenue from premium and rural postal life insurance also surged by 44%, contributing significantly. The communications minister emphasized the need for improved customer engagement and digitisation. Efforts to enhance cross-selling among services were also highlighted during the announcement.
India Post revenue rises 25% YoY as parcel business soars
India Post has reported a revenue of Rs 4,202 crore for the second quarter ending September 30, 2026. This marks a growth of 25 percent compared to the same quarter in the previous year. The revenue growth was primarily driven by a 71 percent increase in parcel services. Additionally, Postal Life Insurance and International Business also saw substantial growth rates.
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How a personal loan can help you manage planned and emergency expenses
Understand how a personal loan can help you cover planned expenses and urgent financial needs, explore its benefits, and plan your EMIs based on your budget.
Salary up to Rs 25,000: EPFO reveals how you can enrol for EPF, EPS and ELDI schemes
The government recently raised the wage ceiling for the Employees' Provident Fund to Rs 25,000, allowing a broader range of workers to access the EPF, EPS, and EDLI schemes. This increase means that employees earning up to the new limit can secure essential social security benefits.
5 stocks with consistent score improvement and upside potential of up to 28% in 1 year, according to analyst
Multiple headwinds continue to hit the market, and there is no sign that things will change anytime soon. In these circumstances, the chances are high that the bears will continue to dominate the street.
FD rate up to 8.25% for senior citizens investing for five years; know the list of banks
Currently, multiple banks are offering attractive fixed deposit interest rates that go up to 8.25% specifically for senior citizens. Suryoday Small Finance Bank stands out, boasting the highest rate for five-year deposits. While many banks propose rates hovering between 5.75% and 7.77%.
‘Increase maximum EDLI benefit to Rs 10.50 lakh’: Why this BJP MP wants government to take immediate action
In a bid for better financial security, BJP MP Ajit Gopchade has urged Prime Minister Narendra Modi to enhance the Employees' Deposit Linked Insurance (EDLI) coverage. Citing the recent increase in the EPF wage ceiling from Rs 15,000 to Rs 25,000 as a pivotal reason, Gopchade proposes that the minimum cover be elevated to Rs 10.50 lakh.
EPS pension eligibility: Is EPS membership mandatory for you if your wages are Rs 25,000+? Check status
The government has raised the wage limit for the Employees' Provident Fund from Rs 15,000 to Rs 25,000 monthly. This adjustment mandates that employees earning under Rs 25,000 join the EPF and EPS schemes. Existing EPS members above this wage threshold will maintain their status, while new entrants won’t be obliged to enroll. This reform seeks to enhance social security benefits for workers and their families.
EPF wage ceiling hike: How it impacts employee & employer's contributions to EPF, EPS and take-home pay
While the higher ceiling does have an impact on immediate net cash take-home of the employee due to increased contribution, it will certainly support building of future corpus for retirement and higher pension by way of contribution to the provident fund and pension scheme.
Higher EPF wage ceiling expands social security for millions; but EPS legacy issues need to be fixed
The recent adjustment to the Employees' Provident Fund wage ceiling significantly widens eligibility for benefits, raising the contribution limit from Rs. 15,000 to Rs. 25,000. This revision aims to enhance social security, but it might pose complexities for pension contributions. Employees should verify the accuracy of their EPS records to prevent issues, as the swift rollout of the new ceiling could lead to unforeseen challenges.
What will happen to policyholders if a life insurer fails? BJP MP urges PM Modi to create a safety net
In a recent appeal, BJP Rajya Sabha MP Ajeet Madhavrao Gopchade urged Prime Minister Narendra Modi to implement a robust protective system for insurance policyholders. He suggested creating a statutory policyholders' protection scheme as a safeguard against potential insolvencies and bankruptcies among insurers. Drawing from successful international examples, Gopchade recommended comprehensive research into these protective mechanisms.
India needs to shift more household savings to long-term pension assets: CEA Nageswaran
India needs to encourage households to commit a larger share of their savings to long-term pension products as pension and insurance assets remain a relatively small part of household savings, Chief Economic Adviser V Anantha Nageswaran said, calling for simpler pension products, wider access and stronger retirement-income solutions.
EPS pension: Basic pay above Rs 25,000? Why you may not qualify for EPS membership
The Employees' Provident Fund Organisation has introduced updated guidelines concerning EPS membership for workers. Employers are obligated to verify the wages and prior EPS membership status of new hires. Employees earning Rs 25,000 or less must be enrolled in EPS, while others have distinct criteria. Accurate deductions are vital for employers to avert complications in upcoming claims.
Don't cut salaries: Ministry sends a missive to companies after new ₹25,000 EPF wage ceiling
The Labour and Employment Ministry has instructed employers to maintain employees' statutory wages after raising the EPFO ceiling. Workers earning between ₹15,000 and ₹25,000 are now mandatorily covered under the Employees' Pension Scheme. Employers are encouraged to view their contributions as part of good human resource practices. The government offers financial incentives for new employment to mitigate increased costs.
EPFO ceiling must rise with time
The EPFO has raised the mandatory coverage limit from ₹15,000 to ₹25,000, bolstering social security for organized sector employees. Worker advocacy groups had long pushed for this increase, highlighting that the last adjustment occurred in 2014. The updated ceiling now aligns with the average private sector salary, marking a critical improvement.
EPF wage ceiling history: How ₹300 became ₹25,000 and what it means for your salary
The wage ceiling for the Employees’ Provident Fund has officially increased to Rs 25,000, effective September 17, 2026. This much-needed revision is the first change in wage limits since 2014 and directly impacts mandatory EPF contributions for employees in the organized sector. Those earning up to the new wage ceiling can expect elevated contributions, which will aid in bolstering their retirement plans.
New bounce in EPFO trampoline: How the wage ceiling revision will change things
Social security, like a trampoline, not only catches you but also enables you to bounce back. The system's core is to provide workers with a fund to draw from in times of emergency or at retirement, so that a temporary crisis doesn't become a lifelong hardship and trap them in debt.
EPF wage ceiling at Rs 25,000: What it means for employees, employers and take-home pay
The Union Cabinet approved raising the EPF wage ceiling to Rs 25,000. This change impacts mandatory PF contributions for employers and employees. Actual PF contributions depend on an employee's defined wage structure. Employers must bear their increased PF share as a statutory cost. This enhancement aims to strengthen long-term retirement savings and social security.
8th Pay Commission latest news: 8 demands from nursing staff in Chandigarh meeting
The Nurses Welfare Association engaged with the 8th Pay Commission officials to present crucial demands. They aim for an increase in starting salaries and better compensation for night shifts. Furthermore, the association is pushing for expanded insurance benefits and additional hardship allowances. A significant ask is the reinstatement of the Old Pension Scheme for nurses, alongside a request for Chandigarh city's category elevation.
Are you eligible for Rs 12,500 pension under EPS scheme after the wage ceiling hike? Know what your new pension will be
The Employees' Provident Fund wage ceiling has increased to Rs 25,000. This change will enable employees to receive higher retirement benefits and monthly pensions. Pension calculations now consider a higher pensionable salary and increased service years. Employees must contribute for five years at the new ceiling for maximum benefit. Eligibility for the Employees' Pension Scheme has also expanded for certain employees.
EPF wage ceiling hiked to Rs 25,000: How much employees gain and what it costs the government
In a significant move, the government has lifted the provident fund wage ceiling to Rs 25,000 monthly, bringing over 51 lakh new employees into the fold of social security. This adjustment is projected to cost the Centre Rs 11,339 crore annually. As a result, more individuals will benefit from mandatory coverage, but employers should prepare for an increase in obligatory contributions once the changes take effect.
₹25,000 EPF wage ceiling: What employees need to know about EPF, EPS and EDLI
The Employees Provident Fund Organisation has introduced a new wage ceiling of Rs 25,000, which will directly influence the contributions made by both employees and employers to the provident fund. Furthermore, subscribers of the Employees Pension Scheme can expect an increase in their monthly pension benefits.
Will this EPF insurance limit rise to Rs 10.50 lakh after EPF wage ceiling hike to Rs 25,000?
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.
EPFO wage ceiling raised to Rs 25000 per month; over 10 million formal sector workers to benefit
The enhanced wage ceiling, approved by the Cabinet on Wednesday, will put additional financial burden on employees and the government while the employees may see a dip in take home salary. As per government estimates, the average additional outgo for employers will be Rs 600 per worker per month under the enhanced wage ceiling, which comes into effect from Thursday. The annual government outgo is estimated at about Rs 11,339 crore.
EPFO wage ceiling hike may cover up to 1 crore more workers: Union Minister Mansukh Mandaviya
The EPFO wage ceiling has been increased to Rs 25,000 per month. This change is expected to bring between fifty lakh and one crore new beneficiaries. Mandatory social security coverage will now extend to more employees. Employers and employees will see adjusted contribution amounts for this salary bracket. The revised wage ceiling will be implemented from Thursday, September 17.
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