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Tag: benefit

Think twice before choosing any employee benefit plans and perks

Think twice before choosing any employee benefit plans and perks

Finance
Just because your company offers you a brand-new employee benefit, doesn't mean that you have to take it. October kicks off the beginning of benefits enrollment season for many employees, as they sign up for next year's health care plan and life insurance coverage. But the list of potential perks — known as voluntary and fringe benefits — goes beyond the core suite of life and health insurance coverage and 401(k) plans. A June survey by the National Business Group on Health found that about 9 out of 10 large employers offered accidental de...
Mandatory third party insurance for vehicles to benefit consumers, insurers: Experts

Mandatory third party insurance for vehicles to benefit consumers, insurers: Experts

Finance
NEW DELHI: Even as customers buying cars and two-wheelers post September 1 need to shell out more as premium with Irdai making long-term third party insurance mandatory, industry and experts feel it will ultimately benefit consumers besides the insurers. It addresses the issue of under-insurance and inculcate a sense of compliance among those who otherwise evade the law by not buying the third party motor insurance after the initial year of vehicle purchase, said an analyst. Following an order from the Supreme Court, the Insurance Regulatory and Development Authority of India (Irdai) has directed the insurance companies to offer three-year third party insurance cover for new cars and five-year such policy for new two-wheelers from September 1, 2018. The new guideline will contribute to hig...
Where to invest and benefit from rupee depreciation: Dhirendra Kumar

Where to invest and benefit from rupee depreciation: Dhirendra Kumar

Finance
Go for an international fund or US-denominated fund and also domestic funds that are heavy on export businesses, Dhirendra Kumar, CEO, Value Research, tells ET Now.Edited excerpts:How can investors benefit from the rupee depreciation? Is it possible via mutual funds? Investors should not try to benefit tactically from rupee depreciation because the big rupee depreciation will happen when you least expect it and the reasons cannot be predicted. The long-term trend is that till we have the interest rate differential, our currency will depreciate over a long period of time. We are a growing economy and we will have inflation and that is why we will have higher interest rates. This is a given. But investors should be positioned to benefit from this long-term trend and there are ways t...
RBI to link bank's base rate to MCLR from Apr 1 for loans, borrowers on base rate may benefit

RBI to link bank's base rate to MCLR from Apr 1 for loans, borrowers on base rate may benefit

Finance
The Reserve Bank will link the base rate for loans given by banks to the MCLR starting April 1, 2018 i.e. from the new financial year. The Marginal Cost of Funds based Lending Rates (MCLR) system was introduced on April 1, 2016 to tackle the problems of the Base Rate regime. With the introduction of the MCLR system, it was expected that the existing Base Rate linked loans and other credit exposures would also migrate to MCLR system. However, this has not happened. "It is observed, however, that a large proportion of bank loans continue to be linked to the Base Rate despite the Reserve Bank highlighting this concern in earlier monetary policy statements. Since MCLR is more sensitive to policy rate signals, it has been decided to harmonize the methodology of determining benchmark rates...
Drugs that block aldosterone may benefit hypertensive women

Drugs that block aldosterone may benefit hypertensive women

Health
Aug. 2 (UPI) -- A recent study by the Medical College of Georgia found that medications to block the hormone aldosterone may greatly benefit hypertensive women.Aldosterone is a hormone more abundant in women than men, however, high levels of aldosterone can cause damage to the cardiovascular system. However, obesity and diabetes can make levels of aldosterone skyrocket and can be a major driver of hypertension."We are finding more evidence that higher aldosterone levels in women translate to higher blood pressure and that the most effective way to treat hypertensive women likely is to target this hormone and its receptor," Dr. Eric Belin de Chantemele, physiologist in the Vascular Biology Center and associate professor in the Department of Medicine at the Medical College of Georgia at Augu...