Outlook Money Retirement
Simpli5 partners with Outlook Money Retirement to enhance senior financial literacy. Enjoy exclusive resources, expert advice, and simplified tools to manage your retirement finances. Empowering seniors for financial independence and peace of mind.
Factors That Can Impact Your Retirement Corpus And What Should You Do To Avoid The Impact
How much retirement corpus will be sufficient for you? Well, you may decide the size of your retirement corpus based on factors such as the expected inflation rate, your expected lifestyle, post-retir...
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Ayushman Vaya Vandana Enrollments Cross 10 Lakh Within Three Weeks Of Launch
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) was rolled out on November 29, 2024, for all resident senior citizens aged 70 years and above. Since then, it has witnessed more than 10...
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New Senior Citizens Policy: Amendments Expected In The Maintenance, Welfare Of Parents And Senior Citizens Act
The government is working on making a new senior citizen policy and making amendments to the Maintenance and Welfare of Parents and Senior Citizens Act 2007. As the senior population is expected ...
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Bhavishya Portal: Retirees, Stop Running Around! Fill Form 6-A And Track Pension Sanction And Payments
The ‘Bhavishya’ portal is an online platform designed to provide retiring employees and pensioners with a convenient way to track their pension sanctions and payments. Previously, retiri...
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High-Cost Hampering Penetration And Availability Of Senior Living To The Masses, Read Key Findings Of ASLI's Report
Association Of Senior Living India’s (ASLI’s) Ageing Fest held on 14th November 2024 released various findings from their report “Elevating the Golden Years”. The event was hosted to tell...
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PSB, Bank Of Maharashtra Revise FD Rates, Up To 7.95 Per Cent For Seniors
Punjab and Sind Bank (PSB) and Bank of Maharashtra (BoM) revised their deposit rate on fixed deposits (FDs) during the week ending November 16, 2024. As banks offer an additional deposit rate of 0.50 ...
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India’s Senior Living Housing Sector To Boom Over 300% By 2030, Says JLL-ASLI Report
India’s ‘Silver Economy’ is growing. By 2025, over 346 million Indians will be aged 60 and above. This will constitute nearly 20 per cent of the population, a seismic shift that places India amo...
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Actor Disha Patani’s Father Duped Of Rs 25 Lakh: Beware Of Fraudsters’ Tricks
Actor Disha Patani’s father, Jagdish Singh Patani a retired deputy superintendent of police (DSP), has fallen victim to a Rs 25 lakh fraud under the pretext of being offered a senior position in a g...
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3 Things That Beneficiaries Should Know To Avoid Life Insurance Claim Rejection
Having an adequate life insurance policy can financially help dependent family members on the death of the policyholder. Usually, the policyholders buy an insurance policy to cover their life risk aft...
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Financial Vortex: How Competing Priorities Are Straining Retirement Savings In 2024
For many people, saving for retirement is an uphill struggle. A high cost of living, rising inflation and soaring healthcare costs are some of the major reasons why people find it difficult to effecti...
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Why Filling Form 1, Form 2 Is Crucial To Avail Of NPS Benefits And What The Rules Say
The National Pension System (NPS) is mandatory for central government employees. NPS replaced the Old Pension Scheme (OPS) in 2004, and since then, it has been applicable mandatorily for central gover...
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Welfare Pension: Eligibility, Enrollment Process And Everything You Need To Know
Welfare pension is a type of government-provided financial aid to the retired individuals of India, that allows an inflow of cash in retirement, ensuring financial stability. The pension sch...
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Change Of Name Of Spouse In Pension Payment Order: DoPPW Issues Clarification
The Department of Pension and Pensioners’ Welfare (DoPPW), if there is a request for change in the name of the spouse in PPO, it is to be sorted out directly with the applicant following the rules p...
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Jeevan Pramaan Patra: Why Should EPS Pensioners Submit Life Certificate?
Indian Department of Pension and Pensioners Welfare has launched Digital Life Certificate Campaign 3.0 also known as Jeevan Pramaan Patra. The initiative aims to simplify life certification submission...
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Subscribers Grew 7.6 Per Cent, Employers By 48 Lakh To 7.66 Lakh Over The Year; Know Other Key Issues Of EPFO
The Employees’ Provident Fund Organisation (EPFO) has added 55 lakh subscribers, reaching a total of 7.37 crore subscribers in the financial year (FY) 2023-24, marking a 7.6 per cent growth yea...
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Winter's Coming! Top 5 Escapes For Seniors In India
For travelers who do not wish to compromise on comfort while escaping the chill, India has a plethora of winter-friendly destinations that combine scenic beauty with the relaxed, easy ambience of leis...
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EPFO Allows Pensioners Easy Access Through New Pension System Across India
The Employees' Provident Fund Organisation ( EPFO) has introduced a new, centralized pension system that has made the lives of millions of retirees more manageable in India. Centralised Pension ...
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National Education Day: Why Financial Education Is Essential To Reduce Wealth Inequality And Address Longevity Challenges
National Education Day is observed in honour of Maulana Abul Kalam Azad, the first education minister of independent India, on his birth anniversary. This day commemorates Azad's invaluable ...
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Ayushman Card Issuance Picking Up As Scheme Eligibility Extended To Seniors Above 70; This State Tops The Chart
Ayushman Bharat Yojana has been extended to all senior citizens who are 70 years and older and resident Indians to offer health insurance coverage of Rs 5 lakh. The unique card ‘Ayushman V...
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Yes Bank Revises FD Rate, To Offer Up To 8.25% To Senior Citizens
Banks align their interest rates on loans and deposits in accordance with the repo rate set by the Reserve Bank of India (RBI) during its monetary policy committee (MPC) meetings. RBI last changed the...
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DoPPW Issues New Rules Of Pension Processing For Govt Employees With Health Issues
The Department of Pension and Pensioners’ Welfare (DoPPW) has issued new rules to help government employees who are unable to complete pension forms owing to health reasons. These new guidelin...
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Govt Employees Must Verify Service Record Before Retirement
The Department of Pension & Pensioners' Welfare (DoPPW) initiated new guidelines wherein, in all cases of government employees with more than 18 years of service, an order was issued mandating reg...
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New Centralised Pension Payments System: Pilot Run Successful, Says Centre
There has been a major development in the pension disbursement system which is set to benefit millions of Indian retirees soon. On Friday, Minister of Labour and Employment, Mansukh Mandaviya, announc...
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7th Pay Commission: DA At 53% Raises Concern Of Merger With Basic Pay
The Centre has increased the dearness allowance (DA) for central government employees and the dearness relief (DR) for pensioners by 3 per cent for the period July-December 2024. With this modificatio...
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PM Kisan Mandhan Yojana: This Govt Scheme Gives Rs 3000 Every Month! Check Details
PM Kisan Mandhan Yojana: The central government has launched various schemes from time to time in the interest of farmers and the general public. The central government launched the PM Kisan Mandhan Y...
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RBI Opens 10-Year Sovereign Green Bonds To Non-Resident Investors Under Fully Accessible Route
The Reserve Bank of India (RBI) on November 7, 2024 issued a circular allowing for non-resident investors to invest in 10-year sovereign green bonds (SGrB) through the fully accessible route (FAR).Wha...
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Secrets Of Eternal Youth: Blue Zone Discovery Mirrors Ancient Yogic Practices
By Bhuvanaa Shreeram In the pursuit of longevity, there’s much to learn from the world’s “Blue Zones” – regions where people live significantly longer than the global average. These areas, i...
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Get Your Ayushman Card In 15 Minutes: How To Apply
Ayushman Bharat Yojana's expansion to all senior citizens aged 70 years and above is a significant step in ensuring good health for eligible elderly. The eligibility criteria are simple for seniors to...
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Video Will: Legal Validity In India And How To Make One To Supplement A Written Will
A Will is a crucial document in estate planning. While many understand the benefit of having a Will, writing one is still not widely practiced. A person’s last Will is the document that is executed ...
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Life Certificate Submission: How To Submit Jeevan Pramaan Patra Online
A total of 22.91 lakh life certificates (Jeevan Praman Patra) have been submitted so far in November 2024. While November is the designated month for pensioner senior citizens to submit life cert...
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Why Locking Your Aadhaar Biometrics Is Important, And How To Unlock It
Amid rising instances of digital fraud, keeping your Aadhaar details safe is very important. Aadhaar is a unique number allotted to each Indian citizen and is used as identification proof for various ...
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New Family Pension Rules: Daughters’ Names To Stay In Records For Pension After Retirement
The Department of Pension and Pensioners’ Welfare (DoPPW) has revised the rules related to inclusion of daughters’ names in the family pension records as part of its efforts to amend and prioritis...
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Looking To Switch Your Annuity Plan Or ASP In NPS? Here’s How And When You Can Do It
Annuity is the in-built feature of the National Pension System (NPS). Upon superannuation or premature exit from the scheme, the subscriber needs to opt for at least 40 per cent or 80 per cent of the ...
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Understand Different Tax Implications On Employees’ Provident Fund
The tax rules governing the Employees’ Provident Fund (EPF) are complex. So, one needs to understand these so that one’s savings and retirement planning can be kept under control. It can also help...
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Pig Butchering And Digital Arrest: Modus Operandi Of Cyber Fraudsters And I4C Advisory For Safeguard
Don’t fall for the promise of huge returns on your investment by online apps or portals. It is a tactic known as ‘Pig Butchering’, which is used by fraudsters to lure people into investing money...
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Centre Issues Clarification On GPF Settlement For Retired Government Employees
The Centre has clarified on the issue of interest payment on delayed General Provident Fund (GPF) disbursement to government employees upon retirement. The Department of Pension and Pensioners’ Welf...
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Union Bank Of India, Jana SFB Revise FD Rates, Seniors To Get Up To 8.75% On FDs
The Union Bank of India and Jana Small Finance Bank have revised their deposit rates during the week ending on November 2, 2024. Seniors can avail of up to 8.75 per cent on their deposits at these ban...
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More Than 1.8 Lakh Pensioners Successfully Obtain Digital Life Certificates On Launch Day
The Centre announced that more than 1.8 lakh pensioners successfully generated their Digital Life Certificates (DLCs) on the first day of a special campaign aimed at promoting this process. The third ...
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What Is Ayushman Bharat Yojana?
The Ayushman Bharat Yojana, popularly known as the Pradhan Mantri Jan Arogya Yojana (PM-JAY), is a health insurance scheme launched in 2018 providing Rs 5 lakh coverage per family, including senior ci...
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How To Balance The Portfolio When Equities, FDs, & Gold Are At Their Peaks?
Whether it is equities, fixed deposits or gold, all have performed well in recent years. The Nifty 500 index returned around 16 per cent year-to-date, fixed deposit (FDs) rates have been relatively hi...
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