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If you are among those who have a live-in relationship, you have reason to cheer as things start to look even better. According to an article carried by The Economic Times (ET) on Thursday, you will now be able to include your mate or live-in partner for health insurance benefits. The story said iGate Patni, a Mumbai-based IT services firm, is permitting employees to claim health insurance benefits for their partners. Already, 36 employees have filed for these benefits within a month. To avail this benefit, you need to do two things. One, submit an employee declaration and two, provide details of the partner. Click here to read more.
•Sign off on tax returns digitally
Filing your income tax returns online might require a digital signature certificate (DSC), already mandatory for service tax, value added tax, corporate houses filing tax returns, as well as professionals and businessmen, reported_Business Standard_. 3i Infotech’s eMudhra, (n)Code Solutions, Tata Consultancy Serices (TCS) MTNL and Sify are some of the government-approved certifying authorities that issues DSCs. To know more, click here.
•Sebi asks funds to display agent fees on website
In order to bring transparency to the table, market regulator Sebi has asked fund houses to publicly display the commission they pay distributors for selling mutual funds, according to The Economic Times (ET). It wants the above required information to be published on the website of AMFI, the mutual funds industry body, as well as the respective fund’s website. Obviously, this news has not brought cheer to everyone as large-sized distributors are reluctant to disclose their incomes. Click here to read more.
•Your agent can’t be your financial advisor
How you deal with investments and insurance products is set to change. Sebi has released a draft proposal to differentiate between the role of an agent and and that of an advisor, reported _The Economic Times._There have been numerous complaints by investors about mis-selling of financial products by these so-called advisors. Now investors will have to work with two people: an advisor and an agent. That should help solve any conflict of interest issues because a person selling a financial product will have to declare upfront if he/she is a financial advisor or agent of a company. Click here to read more.


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