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13/02/2022

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04/12/2021

The Permanent Account Number (PAN) card has become one of the most essential documents to have.

Issued by the Income Tax Department, PAN consists of a 10-character alphanumeric number and serves as an identity proof. Nowadays, PAN is necessary for all major financial transactions.

While everyone does know a few things about it, here are some lesser-known, interesting facts to know about PAN card.

In context

Some lesser-known, interesting facts about PAN card

Know how to apply for a PAN card online
India
Know how to apply for a PAN card online
Know how to apply for a PAN card online
India
Know how to apply for a PAN card online
New PAN card rules will come into effect from December
India
New PAN card rules will come into effect from December
India
How to link your Aadhaar with PAN, online and offline
India
Know how to apply for a PAN card online
India
How to apply for duplicate PAN card online
India
Know how to apply for a PAN card online
India
: Know how to apply for a PAN card online
Anyone can apply for PAN, including minors and foreigners
#1
Anyone can apply for PAN, including minors and foreigners
There is no minimum or maximum age requirement to apply for PAN card allotment. It can be issued to all citizens; even minors can get a PAN card provided they furnish the required documents.

A PAN card can be issued to an NRI, a foreigner, or a foreign company, too, if they intend to enter into a financial transaction in India.

#2: Applicants can get their PAN allotted quickly (Tatkal)

Those applying for a PAN can also get it allotted on a priority basis. All they have to do is submit their PAN allotment application online (on NSDL or UTIITSL website) and pay the processing fee for the PAN card through a nominated credit card.

#3
Furnishing father's name in PAN application not mandatory
Earlier, applicants were required to furnish father's name in PAN application form which was also printed on the PAN card.

However, as per a new rule which came into effect on 5 Dec'18, applicants can now choose whether they want the name of their father or mother on the card.

If the applicant's mother is a single parent, furnishing father's name isn't mandatory.

The 10-digit alphanumeric PAN reveals cardholder's information
#4
The 10-digit alphanumeric PAN reveals cardholder's information
The 10-character unique alphanumeric PAN has alphabets as the first five characters, followed by four numerical digits and an alphabet.

The fourth character of PAN reveals the cardholder's status: P for a person, C for companies, F for firms, A for associations, T for trusts and so on.

Meanwhile, the fifth character of a PAN represents the first letter of the cardholder's surname.

#5: Cardholders can know their PAN issue date

PAN card holders can easily know their PAN issue date too; the vertical digits printed on the lower-right side of a card, next to the cardholder's photo reveal the date (in DDMMYYY format) on which that particular PAN was issued by the Income Tax Department

04/12/2021

Insurance sector regulator IRDAI has asked all the insurers to inform policyholders through messages on receipt of premium from January 1, aimed at protecting the interest of consumers.

The Insurance Regulatory and Development Authority of India (IRDAI) said the order is being issued to enhance the policyholder protection and information.

Wherever the mobile phone number of the policyholder is available in policy records with the insurer, the receipt of premium by the insurer under a policy shall be immediately informed to the concerned policyholder on his mobile phone number by an automatic SMS generated by the system, it said in the order.

23/09/2021

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21/08/2021

19/08/2021

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25/06/2021

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26/02/2020

What is Arogya Sanjeevani health insurance policy?

Though all companies will launch the policy, it will be called the Arogya Sanjeevani Policy followed by the name of the respective insurance companies. Since there is also 5 percent co-pay for all ages, the premium is expected to be low.

The new standard health insurance policy, which will be launched from 1 April, will provide a basic health cover of between Rs 1 lakh and Rs 5 lakh. The purpose of this new policy is to cut the clutter created by insurance companies that launched multiple products with different features, leaving customers confused. Though all companies will launch the policy, it will be called the Arogya Sanjeevani Policy followed by the name of the respective insurance companies.

To maintain its uniqueness, Irdai has banned insurance companies from imposing deductibles or offer riders and variants with it. The increase in cover, 5% for each claim free year subject to a maximum of 50% of the sum assured, is also mandated by Irdai.
Though the entry age is restricted to 65 years, this policy will offer lifelong renewability. How much insurance companies will charge for this unique product remains to be seen. Since every insurance company is offering standard plans, comparison of premium will be easy. Since there is 5% co-pay for all ages, the premium is expected to be low.

31/12/2019

नववर्ष की शुभकामनायें। LIC पॉलिसी प्रीमियम समय पर भरें एवं NEFT DATA भी दें। पॉलिसी जानकारी के लिए 9810013821 पर संपर्क करें।