Prajna Capital |
- What Happens If Your Home Is Under Insured?
- Protect Your Investments from Inflation
- Deposit Insurance and Credit Guarantee Corporation ( DICGC)
| What Happens If Your Home Is Under Insured? Posted: 20 Dec 2013 04:09 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Mr Ravi had purchased a house of INR 50 Lakhs. He took a basic home insurance cover against structural damage for an amount of INR 10 Lakhs. Mr Ravi's house was badly damaged in a fire and rebuilding was necessary. As five years had past Mr Ravi discovered to his dismay that the reconstruction costs would now cost around INR 18 Lakhs. The severe shortage of sand had led to a massive price hike in the reconstruction costs. What advice would one give Mr Ravi?
After assessing the damage the Insurance Company stated that Mr Ravi would be compensated only an amount of up to INR 10 Lakh. Insurance Companies give a leeway of up to 10-15% owing to the change in prices of the construction. If one is underinsured it means that he has to bear the expenses up to the cost underinsured from one's own pocket. Mr Ravi had to bear a cost of INR 8 Lakhs from his own pocket. Surely a lesson for one to learn from this example .It is also important to note that if one stays in an apartment and if a flood were to destroy it then one cannot reinstate the apartment by oneself. Hence the whole society needs to get the apartment insured. Surely A Stitch In Time Saves Nine.
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
|
| Protect Your Investments from Inflation Posted: 20 Dec 2013 03:43 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Inflation-indexed bonds, offering 1.5% above consumer inflation, will work well for those whose income is not subject to tax or who fall in the 10% tax bracket
Earning 1% above inflation is the ultimate dream of many conservative investors, who mostly invest their money in secure bank and company deposits. These investors will soon have an investment option that will help them beat inflation easily.
The Reserve Bank of India had announced last week that Inflation-Indexed National Savings Securities (IINSS-C), linked to Consumer Price Index (CPI), will be launched in the second half of December. IINSS-C is in line with the announcement made in the Union budget this year to introduce instruments that will protect savings from inflation.
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
|
| Deposit Insurance and Credit Guarantee Corporation ( DICGC) Posted: 20 Dec 2013 01:18 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Not all new deposit holders are aware of insurance for deposits. Deposit Insurance and Credit Guarantee Corporation ( DICGC) insures all deposits such as savings, fixed, current and recurring for up to ₹ 1 lakh (for both principal and interest).
If an individual has ₹ 90,000 in a deposit account and accrued interest is ₹ 5,000, the total amount insured by DICGC would be ₹ 95,000. But if the principal is ₹ 1 lakh, the accrued interest will not be insured, as the total will exceed ₹ 1 lakh. In this case, the deposits in different branches of a bank are aggregated for the purpose of insurance cover and up to ₹ 1 lakh is paid. If the deposits are kept at more than one bank, the deposit insurance coverage limit is applied separately to the deposits in each bank. 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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