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Life Insurance is not about investing your money to earn a return on it, it’s about financial protection for your loved ones. And the most efficient way to do that is through a term insurance policy. This policy does not invest your money which means you pay only for insurance and after the policy term ends you don’t get any money back. But on death during the policy term, it pays a huge corpus to the nominees that can help them tide over any financial crunch and ensure their live are not thrown out of whack. A term plan is the only kind of life policy you need to have because it gives you a large cover for low cost. Read here to know more about term plans. However keep in mind that buying a term plan also needs due diligence at your end when filling up the insurance policy form called as the proposal form. Read here to understand what determines your experience of buying a term insurance policy: Click here for enlarge Further, there are many types of term plan to choose from and y

New Delhi:  India is set to cap trade margins on medical devices, abandoning the current price control mechanism, as it seeks to curb profiteering as well as allay concerns of device makers, particularly importers of stents and knee implants, who have complained that price caps hurt innovation, two people aware of the matter said. Prime Minister Narendra Modi is likely to accept government think tank NITI Aayog’s recommendation to cap trade margin at 65% for medical devices, the people said on condition of anonymity. According to NITI Aayog’s formula, the maximum retail price (MRP) of a device will be decided by adding the trade margin to the price at the first point of sale (stockist). The trade margin is the difference between the price at which the manufacturers/importers sell to stockists and the price charged to consumers. The prime minister on Wednesday held a meeting with senior officials of NITI Aayog, the secretary, ministry of health, the secretary, department of pharmaceuti

In June, Railway Minister Piyush Goyal had declared a target of doubling the national transporter’s revenue to Rs 4 lakh crore by 2025. One of the ways he hopes to achieve that is by enhancing freight capacity since it already accounts for 65 per cent of its total revenues. In fact, the buzz is that the Indian Railways wants to increase its share of total freight movement from 33 per cent to 45 per cent. No wonder it is now looking beyond the 3,300-km long eastern and western freight corridors currently being constructed. Railways may invest Rs 44,000 crore on West Bengal-Andhra Pradesh freight corridor According to The Economic Times, the Indian Railways plans to invest Rs 44,000 crore to build a 1,100-km greenfield freight corridor along the country’s east coast to connect Kharagpur in West Bengal with Vijaywada in Andhra Pradesh. In other words, this proposed corridor – likely to be announced in the budget proposal for 2019-20 – will link up the mineral-rich areas of the country wi