Prajna Capital |
- Health Insurance is complex
- Birla Sun Life Rajiv Gandhi Equity Savings Scheme – Series 1
- How to earn best post tax returns from debt products?
| Posted: 27 Feb 2013 05:07 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
AT THE time of a medical emergency in the family, money should not emerge as a prime concern for any household. Traditionally, people used to borrow money from friends and family during these difficult times, but with health insurance gaining popularity, it is now easier to cope up as and when the situation arises.
Till few years ago, insurance companies were offering only plain vanilla health insurance plans with standard features and caps on hospital bills. However, that has changed over a period of time and now the health insurance space is filled with variety of features and sum insured limits.
Choosing right sum insured is only the beginning.
Policyholders now have to be cautious about the specific features like room rent caps, coverage for pre-existing diseases and maximum age of renewability.
Sum insured: Choosing right sum insured is one of the most important decisions while buying a health insurance. If a policyholder chooses an inadequate cover, then the health insurance policy would be useless at the time of any major disease that requires huge expenses. While, if the sum insured is too high, then the policyholder would be paying high annual premium without actually using the policy.
Unlike life insurance, health insurance has no straight-jacketed ways to arrive at the quantum of cover one should take. A lot depends on how much one can afford towards premium and realise the value of this insurance.
In case of those who already have a group cover from their employers, high sum insured is not required.
Moreover, if they intend to continue with the same employer, then they might as well choose a top-up health insurance plan rather than choosing a separate health plan.
Room rent caps: Generally a health insurance policy with room rent caps or sub-limits is cheaper than the plan that does not have any such restriction. While policyholders should always check if his policy has such limits or not, it is not necessary that the policy with sum-limits is a bad choice.
Depending on the city of residence and choice of hospital, a person can choose an insurance plan. However, one should be aware of such limits before buying the policy so as to avoid unpleasant surprises later on.
Limit of room rent also puts restriction on operation theatre charges, consultant fees and medical equipment charges.
Lifelong renewability: Insurance companies were issuing policies that were renewable till the age of 60 or 65 till few years go, but that has changed now. Policyholders would feel more secure with a health insurance plan that they can be renewed till they live without the hassle of switching to a new company.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
| Birla Sun Life Rajiv Gandhi Equity Savings Scheme – Series 1 Posted: 27 Feb 2013 03:36 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
With the Government announcing Rajiv Gandhi Equity Savings Scheme for additional tax benefits under section 80CCG in the current financial year, Birla Sun Life Mutual Fund is launching the Birla Sun Life Rajiv Gandhi Equity Savings Scheme – Series 1 NFO on 25th Feb 2013.
This is a 3-year close ended Equity scheme, which will invest in select Large cap stocks and PSU Maharatnas, Navratnas & Mini Ratnas, in line with RGESS guidelines. Eligible investors can claim tax benefit under section 80CCG by investing in the scheme using their RGESS designated Demat account.
Even if you do not qualify for RGESS benefits, you can participate in the growth of Equity markets as this is a diversified equity scheme which will primarily invest in stocks of some of the largest companies listed in India.
The fund will be managed by Mr. Nishit Dholakia who also manages our flagship schemes like Birla Sun Life '95 Fund and Birla Sun Life Dividend Yield Plus. The NFO will remain open until 20th March.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
| How to earn best post tax returns from debt products? Posted: 27 Feb 2013 03:33 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
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