Prajna Capital |
- Birla Sunlife Frontline Equity Fund
- What to look for before you buy a health cover policy?
- Virtual Credit Cards to guard against fraud
| Birla Sunlife Frontline Equity Fund Posted: 24 Oct 2013 05:00 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) The fund is largely tilted in favour of large-cap stocks, with a small exposure to mid-caps. The fund targets the same sectoral weights as BSE 200 hence performance deviation against the benchmark is comparatively lower and has a diversified portfolio.
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
|
| What to look for before you buy a health cover policy? Posted: 24 Oct 2013 02:56 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
PLANNING to buy a health insurance policy? Well, all health insurance products have gone for a makeover from this month in line with the new regulations introduced by the insurance regulator in February. Health insurance products are now offering lifelong coverage, allowing entry up to 65 years, offering a free look period of 15 days, grace period of 30 days and paying 50 per cent of the pre-insurance medical check-up if your proposal has been accepted. So while many product features that were earlier used to differentiate between products have now become mandatory, customers can look at some other factors to choose the right policy. Room rent cap: In case you stay in an urban city or semiurban place, consider a policy that does not cap the room rent cost. But in case you stay in a small town, a product with a room rent cap can be considered as such policies come with lower premiums. Several charges such as the surgeon's fee, anaesthetist fee, consultant's fee, operation theatre charges are linked to the cap on the room rent. While many health insurance products cap the room rent at one per cent of the sum insured per day, a few policies pay a room rent that is two per cent of the sum insured per day. Assuming you have chosen a sum insured of Rs 3 lakh, your insurer will pay you not more than Rs 3,000 as room rent per day. Top hospitals in Mumbai and Delhi charge between Rs 8,000 and Rs15,000 for a single room. If you have a Rs 5 lakh policy, you will get only Rs 5,000 from your insurer and will have to shell out the remaining cost from your pocket. However those staying in tier 4, 5 and 6 towns will not be affected with a product that caps room rent, as the cost of healthcare is less in such places. Go for plans that don't have a co-payment: With rising losses in health insurance, several non-life insurance companies have introduced co-payment which means that the policyholder has to pay a portion of the claim amount. Avoid a policy that has co-payment. Some products have co-payment of 10-20 per cent if the treatment is taken in a nonnetwork hospital. While a few others have a co-payment after the policyholder turns 65 years. Policies that have a co-payment element should be avoided." Benefits being offered: Look at the benefits that the policy offers such as hospital cash on contracting a critical illness or in case of an accident, cash for the attendant, ambulance charges and noclaim bonus. Though many insurers offer 5 per cent of your sum insured as noclaim bonus, there are others who offer 10 per cent or more. Also, check the number of daycare procedures and critical illnesses that will be covered in the policy.
Most prospective health insurance buyers compare products based on the premium rates and opt for the cheapest policy. However, since insurance companies revise the premium rates based on their loss ratios, this factor should not be the only factor for deciding your health cover. Now with the new reg ulations, insurers will not be allowed to change the health insurance premium rates every year, nor will they be allowed to load your premium while renewing your contract in case you have claimed during the year. See if the premium commensurate the benefits.
According to industry officials, most non-life insurers have revised the features of their existing products in line with the regulations without changing the premium rates, but they agree that raising the premium rates is inevitable. Public sector insurers such as New India Assurance and National Insurance have already launched products with higher premium rates a few months ago. Since my claim ratio is comfortable, we have not revised the premium rates as of now. We will be watching the impact of the regulations on our loss ratios for the next three to six months and then decide on increasing premium rates. However, I feel that health insurance penetration will increase due to the new norms. Higher volumes will help us break even in this business.
Look at past track record of the insurer in settling claims. What were the number of claims outstanding at the end of the year, number of claims repudiated and the number of claims settled?
You should also check if the hospitals close to your residence are there on the insurance company's list for providing cashless hospitalisation.
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
|
| Virtual Credit Cards to guard against fraud Posted: 24 Oct 2013 01:41 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
THERE have been a lot of frauds that have taken place online and this leads to a situation where the credit card details of a user get compromised. In order to tackle this situation there is availability of virtual credit cards, which helps to prevent the misuse of the details in a transaction. The user needs to be aware of all the finer points of how it works so in order to make the most out of the situation. Here is a look at how virtual credit cards can be handled effectively.
Usage and nature:
The virtual credit card is meant for usage while shopping or making expenses and paying via internet. The presence of a lot of hackers and their efforts to steal the data of the individual credit card user is behind the effort by banks to provide an alternative to the user so that their credit card details are protected.
The nature of such type of cards is that when an individual wants to make an expense on the net they can go to the bank's website, which will issue a temporary or virtual credit card number and other details to the customer. This can be used to make expenses till a specific amount and at the end of the transaction the details that are generated for the virtual card have to be given.
The safety element comes into the picture due to the fact that the numbers expire after the first usage, so there is no value on them. In case if they are hacked there is nothing that can be done with them. It also ensures that the original numbers of the user are safe and hence protected.
Effort for protection:
One of the crucial aspects of the entire effort in the virtual credit card is that every time there has to be an expense made online then the process would have to be undertaken.
This would first involve the user going to the website where the credit card is present and then generating the virtual credit card details.
This would then have a specific limit attached to it and beyond which an expense cannot be made.
Hence, this limit to the usage for the card once the initial details about the amount are given reduces the flexibility on that front. The entire process requires some special effort on the part of the individual and needs to be ready for this as it is meant for their protection.
Variety:
There are a lot of variations that are visible when it comes to the virtual credit card. First thing to remember is that there is a specific time period for which this is valid.
Once the details are generated and if there is no use within that specified time then the details would expire.
Another thing is that it can be generated for debit card users too. In several cases, as banks allow this facility and hence when this is the case then the amount spent is linked to the debit card. Also when there is a refund on the amount that is spent using the virtual credit card then one need not worry because the amount will come back to the original card and there is no special effort that is required by the individual for this purpose.
All this makes the entire process convenient and whenever there is a higher risk involved then such cards need to be used.
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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