Prajna Capital

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• I have not paid premium for some time. Can I revive my policy?
• Company Fixed Deposits offer higher Rate of Return
• How to get Your CIBIL Report ?

I have not paid premium for some time. Can I revive my policy? Posted: 04 Jun 2013 04:52 AM PDT Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)       For a regular premium paying policy, premium has to be paid within 30 days of the due date (15 days if the mode selected is monthly). The insurance company provides a grace period during which you can pay the premium and keep the policy in force. If the premium has not been paid within the grace period, the policy is considered lapsed. Insurance companies offer various schemes that facilitate the process of reviving lapsed policies. A few are mentioned below - • Paying all the arrears of premium and the interest for the same period can revive the policy. In certain cases, the company may offer installment revival schemes, where you pay a part of the arrear along with the regular premium, and the balance of the revival amount is paid in instalments spread over a year of two years. • Under another scheme, a money-back policy can be revived by using the survival benefit under the policy (the money receivable from the insurance company at regular intervals) to pay premium plus interest. (If the survival benefit amount is lower than the revival value, you have to pay the shortfall. If it is higher, you receive the excess amount.) 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 ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFunds Invest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Company Fixed Deposits offer higher Rate of Return Posted: 04 Jun 2013 03:38 AM PDT Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     THERE The increase in the dividend distribution tax (DDT) on debt-oriented mutual funds has raised the tax impact that investors will feel on their investments in this area. This makes the presence of several other competing options including company fixed deposits, as choices that need some consideration on the part of the individual. The change has opened up an entire area, which needs attention and hence the investor now needs to undertake some work as far as the choice for their investments is concerned. Here is a look at the overall situation and how this can be tackled. Comparative situation The increase in the rates means that the comparative situation with other instruments has narrowed because the tax rate has gone up in the debt oriented mutual funds. This has brought instruments like company fixed deposits back on the radar of the investors, as these are no longer at a big disadvantage on the tax front. The first thing that the investor need to do is to ensure that they select all the instruments that might be suitable for their needs at a single place and then look for the right option that will be appropriate for them. Company fixed deposits are slightly higher on the risk scale because of the nature of the instrument whereby, there could be default by the company issuing the deposit and the investor might not have any security to enforce the recovery of the investment or the returns promised. consider before they move their money to this area. One is that the quality of the company that is actually issuing the deposit is very important as the safety of the amount invested depends upon the nature of the company. The interest rate that is offered should not be the only factor, as companies that are not in very good financial shape might offer higher rates to the investors, but then the ability to get this amount on a regular basis as well as recover the capital back is something that the individual needs to check. The time period that is taken for the deposit is also important in the sense that locking the investments into a very long time period might not be the best thing to do as this could result in a situation wherein if things go wrong in the interim period then again there could be some worries that might arise. The individual has to ensure that the tension that they face is minimum and hence this will ensure that their experience is also good. 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 ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFunds Invest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

How to get Your CIBIL Report ? Posted: 04 Jun 2013 01:44 AM PDT Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     I recently read newspaper reports about how Sudip to Sen of Saradha fame continues to enjoy a high credit score of 777 in his CIBIL report and how, based on that, he is eligible for loans at an excellent interest rate.   I am not writing about the Saradha case, where millions of depositors have lost their hard- earned money. Apart from displaying a misunderstanding about the role a credit report plays in a credit sanction process, these newspaper reports are disturbing for a specific reason. In many ways, these show just what is wrong with our system. The ease with which newspapers can access the credit report of an individual is scary. All credit information companies or CICs ( for simplicity, I am going to use CIBIL as a generic name for all the four licensed CICs, though CIBIL is an acronym for the largest CIC) have been formed under an Act of Parliament and the rules framed by the Reserve Bank of India (RBI) thereunder. In simple language, your credit report cannot be accessed by anyone other than your existing lender or a prospective lender to whom you have applied for a credit facility. All such users are required to use the report for their own purposes and maintain confidentiality about these reports. Clearly, Sen's case shows the institutions concerned are not maintaining this confidentiality. In fact, it is common knowledge that it is possible to get the credit history of any individual easily, if you just know the right people in any bank. I have spoken to my banker friends and there seem no internal systems to ensure that credit reports are called for only in an application made for credit by an individual. There are no systems to restrict availability of the report within the bank to ensure confidentiality of the report, once obtained. Nor is any periodic internal audit done to check whether all reports were validly requested. Whilst nobody may have much sympathy for Sen's rights, the trend of easy access to anybody's confidential financial information can be very dangerous for all of us. Let me explain why. I don't know about you but my credit report being read by someone not entitled to read it makes me feel violated. It is akin to the violation of privacy felt by the victims of a burglary. Apart from the violation of privacy, just like burglary there can be serious financial consequences, too. Think about the possibilities of enormous damage caused to you due to this information being available to your business competitors or even your business associates or your prospective employer or your prospective in laws or your divorced spouse… the list goes on. This is not all. An even bigger issue is wrong reporting. We all know that wrong reporting of alleged overdue amounts to CIBIL is rife. Though all lenders are required by law to maintain standards for correct reporting, there is no penalty prescribed for wrong reporting. CIBIL washes its hands off the entire affair by saying they are only a repository of what the banks report, though the law requires them to mark as disputed any incorrect entry pointed out by the consumer and on which the lender does not revert within a fixed period. There have also been instances where incorrect entries have been tagged to a specific individual, due to the absence of any common identifier or system issues at the CIBIL end. There is no second- level grievance redressal machinery even within CIBIL to address these issues, what to speak of independent grievance redressal machinery like the banking ombudsman. So, the danger of your credit report falling into the wrong hands is amplified by the chances of it being wrong as well. Imagine being denied the dream job because your credit report, wrongfully accessed by your prospective employer, incorrectly tagged you as a defaulter. Anybody who deals with smart corporate types will tell you none of the scenarios painted by me are as farfetched as they superficially sound. CIBIL has played a yeoman's role in bringing consumer awareness about maintaining credit discipline. As consumers, the benefit is reflected in overall lower borrowing costs as banks factor in a lower default rate in their spread calculations. But, clearly, the dangers of ' Big Brother' are far too real and the Reserve Bank of India needs to lay down a regulatory framework that builds on this early success to ensure end- consumers don't get short changed. 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 ) ICICI Prudential Tax Plan Invest Online HDFC TaxSaver Invest Online DSP BlackRock Tax Saver Fund Invest Online Reliance Tax Saver (ELSS) Fund Invest Online Birla Sun Life Tax Relief '96 Invest Online IDFC Tax Advantage (ELSS) Fund Invest Online SBI Magnum Tax Gain Scheme 1993 Invest Online Sundaram Tax Saver Invest Online Edelweiss ELSS Invest Online ------------------ Best Performing Mutual Funds Largecap Funds Invest Online DSP BlackRock Top 100 Fund ICICI Prudential Focused Blue Chip Fund Birla Sun Life Front Line Equity Fund Large and Midcap Funds Invest Online ICICI Prudential Dynamic Plan HDFC Top 200 Fund UTI Dividend Yield Fund Mid and SmallCap Funds Invest Online Reliance Equity Opportunities Fund DSP BlackRock Small & Midcap Fund Sundaram Select Midcap IDFC Premier Equity Fund Small and MicroCap Funds Invest Online DSP BlackRock MicroCap Fund Sector Funds Invest Online Reliance Banking Fund Reliance Banking Fund Tax Saver MutualFunds Invest Online ICICI Prudential Tax Plan HDFC Taxsaver DSP BlackRock Tax Saver Fund Reliance Tax Saver (ELSS) Fund Gold Mutual Funds Invest Online Relaince Gold Savings Fund ICICI Prudential Regular Gold Savings Fund HDFC Gold Fund Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

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