Wednesday, December 11, 2013

Prajna Capital

Prajna Capital


Why Buy a House Insurance?

Posted: 11 Dec 2013 01:04 AM PST

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

If one were asked the question "Which Is Ones Most Prized Possession What Would The Answer Be? Ones Home And Its Contents Would Be The Obvious Answer." We strongly believes that each and every homeowner of this Nation should take a home insurance policy to protect ones house against structural damage as well as insure the contents of ones house. A house is a Once In a lifetime asset for most of the citizens of our country. Gross neglect is noticed in the rural areas as well as highly literate urban areas while taking that home insurance policy which is often ignored .If one were to observe the statistics of the insurance Companies mainly the home insurance policies one would notice about 35-40 Lakh policies sold combined. Considering the basic structure protection costs about INR 50 per Lakh insured per annum this is a must have policy in ones portfolio. Always take a reinstatement policy rather than a market value policy which subtracts the depreciation. A reinstatement policy would compensate you the actual rebuilding cost of your home. No depreciation is deducted. If one leaves in a rented apartment one cannot insure the basic structure and a house content insurance policy is a must have. Imagine returning from a vacation and finding ones house completely robbed and lakhs of Rupees worth of goods stolen? A miniscule amount of INR 500-1000 per annum can provide a coverage of INR 10 Lakhs. We firmly advocates the coverage of ones jewelry, furniture or electronic items which can be a severe loss to replace. Never be "Penny Wise Pound Foolish". A simple household content insurance policy can go a long way in preventing severe heartburn in the future..I would like to remind you that the team of Financial Planners at IndianMoney.com are always there for you to plan your insurance needs in a most effective and efficient manner.

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

What Is Meant By The Real Estate Bill?

Posted: 10 Dec 2013 11:23 PM PST

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

The real estate regulation and development bill 2013 has recently been introduced in the Rajya Sabha. This bill seeks to protect the interests of the consumers in the real estate sector. Real estate regulators will be set up in all states to protect the interest of home buyers, ensure fair trade practices, bring accountability into the system and a fast track dispute resolution mechanism.

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

ICICI Lombard Health Advantage Plus

Posted: 10 Dec 2013 09:44 PM PST

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

ICICI Lombard Health Advantage Plus

Objective

The objective of this policy is to cover the expenses of inpatient and outpatient treatment in a single policy.

 

Suited for

It is more suitable for individuals as the maximum coverage allowed is Rs 3 lakh which may not suffice to protect two members.

 

What does it do?

This policy covers both inpatient and outpatient treatments. The cover for outpatient treatment however, is restricted up to a fixed sum that varies with age and basic sum insured. Procedures which do not require a 24-hour stay in hospital due to technological advancements are also covered.
Apart from these benefits, the policy provides a cover for Swine flu or H1N1 influenza only if it did not exist at time of taking the policy. It can be bought either as an individual policy or as a floater policy for two adults. In case of floater policy, the floater benefit ends at 55 years of age, after which the policy may be continued as an individual cover.

 

Pros

It provides cover against Swine flu/ H1N1 influenza.
This policy can be bought online.
Premium paid towards this policy can be availed as deduction under section 80D of IT Act.
It provides no-claim bonus for each claim-free year

 

Cons

Floater policy benefits can be availed until 55 years of age beyond which the policy continues as an individual cover.
It provides cover of only upto Rs 3 lakh which may not be sufficient for two adults at higher age.
This policy does not cover beyond 70 years of age

 

Our View

Though the policy features a decent coverage at fair premium rates, lower policy renewal age tarnishes the policy. Old age is the stage when a health cover becomes a necessity. Buying a new policy at higher age will be expensive as a 70-year old will not be as healthy as a 30-year old. Even the policy coverage will shrink as compared to a policy bought when young. In addition, the waiting period, no-claim period will start all over again.

 

Eligibility

Entry Age (years)

Minimum

5

Maximum

65

Maximum Policy Renewal Age (years)

70

Coverage Type

Individual/ floater (2 adults)

Policy Term (years)

1

Sum Insured (Rs)

Maximum

3 lakh

Minimum

2 lakh

No Claim Bonus

No claim bonus of 5% on continuous renewal upto 50% of initial sum insured

Pre Policy Medical Check Up

Not required upto 45 years of age

Policy Termination

Either of the policyholder or insurer can terminate the policy by giving a 15 days notice

Customer Service

Address

ICICI Lombard General Insurance Co. Ltd.
401-402, Interface Bldg; No.11,
Link Road, Malad (West),
Mumbai - 400064.

Mail to

customersupport@icicilombard.com

Call to

1800 2666

Network Hospitals

Https://www.icicilombard.com/Content/ilom-en/Hospital_list/search.asp

 

Scope Of Cover

Cashless Facility

available at network hospitals

Reimbursement facility

available at non-network hospital

Pre and post hospitalisation

covered; 30 days prior and 60 days post hospitalisation

Inpatient Hospitalisation

covered

Day care procedures

covered

Swine Flu/ H1N1 influenza

covered if not pre-existing

Outpatient Department

covers orthopedic, maternity, dental and general practitioner on a reimbursement basis

 

Exclusions and Waiting Period

Pre-existing disease

covered after 2 years of continuous years of coverage with the company

No claim period

first 30 days from inception of the policy.

Waiting period

certain treatments and conditions such as cataract, hernia, arthritis, sinusitis and dialysis will be covered after 2 years from policy inception

General exclusions

non-allopathic treatmenttreatment for HIV/ AIDS or related condition

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments:

Post a Comment