To coax companies to keep elderly people employed, the government is already providing subsidies to firms employing those aged 65 and older
The 61-and-above age cohort has emerged as the fastest-growing segment, surpassing all other age groups in market share growth
Health policies with copayment provisions tend to be more affordable since they lessen the insurer's responsibility by splitting losses between the insured and the insurer
Senior citizens have higher deduction limits and exemption benefits than younger taxpayers
Many seniors mistakenly believe they need not file returns if tax is deducted at source (TDS) on income received. This is incorrect
The SCSS is a government-backed scheme, ensuring the safety of the invested funds and a guaranteed return on investment
Seniors must strike a balance between premium and co-pay; too low a premium could mean high co-pay, which would pinch at the time of claim settlement
Home voting for senior citizens and PWDs was conducted in four segments of the Jammu Lok Sabha constituency, which goes to the polls in the second phase on April 26, officials said on Sunday. The Election Commission, while announcing the Lok Sabha polls schedule, unveiled the 'Vote From Home' scheme, designed to facilitate the participation of citizens aged 85 and above and individuals with more than 40 per cent disabilities in the elections. Home voting for senior citizens and persons with disabilities (PWDs) in Ramgarh, Samba and Ramgarh assembly constituencies of Samba district was held to ensure an inclusive and participative election, the officials said. District Election Officer (Samba) Abhishek Sharma constituted 49 teams to facilitate home voting of 514 voters. Of the 514 electors, 498 (96.88 per cent) exercised their franchise by availing of the home voting facility on the first day, they said. They added that a polling team travelled 25 kilometres by bus and seven kilome
Southern and Western parts ageing faster than the rest of the country
Experts feel the idea is to cover the middle-tier of the population with healthcare coverage
A person can't be deprived of right to livelihood and to live with dignity merely on account of old age and frail health, the Delhi High Court has observed while upholding an order directing eviction of a tenant from a property which is now required by a landlord for carrying out his business. The high court rejected the stand taken by the tenant that looking at the old age and health of the landlord, it was not believable that he would carry out any business from the premises which was sought to be vacated. The high court dismissed the petition by the tenant challenging an order of an additional rent controller (ARC) which had passed the eviction order. "The bona fides of the requirement set up by the landlord cannot be shrouded with doubts on such presumptive arguments. Merely because the landlord suffers old age and frail health, it cannot be presumed that he does not require the tenanted premises to run his business or is not capable of earning livelihood," Justice Girish ...
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Since there are penalties for premature withdrawal, take liquidity needs into account
The Senior Citizen's Savings Scheme (SCSS), designed for individuals aged 60 years or employees above 55 years of age and below 60 years of age, offers 8.2 per cent interest per annum
The Senior Citizen's Savings Scheme now allows three months to open an account, up from the current one month. Additionally, changes have been made to the premature closure rules for PPF accounts
The savings scheme for senior citizens is a government-backed scheme which ensures regular money flow post-retirement. The scheme gives guaranteed returns every quarter to senior citizens