| For First Time investors - Debt Investment options Posted: 09 Dec 2013 04:10 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Most people prefer to play it safe while making their first investments. They usually put their first savings in a fixed deposit with their bank. Debt instruments offer assured returns, are easy to understand and do not require as much homework as equities or real estate. This asset class offers multiple options to the investor, each with its own unique features. This may lead to confusion for the newbie investor.
Why to Invest?
Fixed-income products are the cornerstone of an individual's investment portfolio. Whether it is the humble bank fixed deposit, the PPF or a government bond, these provide stability to your portfolio. Experts concur that any asset allocation plan should include fixed income or debt. Portfolio should have an allocation to debt to ensure a solid foundation. Even the most sophisticated, risk-savvy investors would do well to put a part of their money in debt, which would protect their portfolios from a sudden fall in the riskier asset classes.
Where to Begin?
Be clear about what you want when you invest in debt. If you are looking for a regular stream of money and the preservation of capital, then a simple fixed deposit that pays interest every month or quarter makes sense. If you do not need the regular inflow, choose the cumulative option of the fixed deposit or go for NSCs. The PPF is a long-term investment that locks up your money for 15 years. Simply leaving your money in safe, fixed-income instruments is not a productive long-term solution. You will be lucky if you beat inflation with these investments.
The tax incidence is another important point to consider. For those in the higher tax brackets, it makes more sense to invest in instruments that give higher post-tax returns. For those in the lowest tax bracket, investment in fixed deposits is a good idea.
However, to get more out of fixed income, you will need to move a bit higher up the risk
ladder. Bond funds and FMPs provide a good alternative to traditional instruments as these can offer decent capital appreciation, even though the returns are not guaranteed.
Top Rules for Debt Consider the reinvestment risk.
Be clear how you will deploy the money when the instrument matures and you get the money back along with the interest or capital gain.
Check the tax efficiency of investment.
The interest from FDs and NCDs is taxed at the rate applicable to your income slab. The income from debt funds is treated as capital gain if the investment is for over a year.
Match investments with cash-flow needs.
Match investments with cash-flow requirements. If you need money in three years, invest in an FD or FMP. If you can wait, go for instruments with longer terms.
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
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- HDFC Gold Fund
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| Tata AIG Wellsurance Woman Posted: 09 Dec 2013 02:45 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Tata AIG Wellsurance Woman | | | | Objective | | This policy has been specially designed to insure women. It provides an insurance cover against specific illnesses and other benefits. | | | | Suited for | | It can be bought by females on an individual basis. | | | | What does it do? | | This policy comes in three variants:- Classic, Supreme and Elite. While Classic is a basic variant, Elite is the highest version of this policy offering larger sum insured compared to the other two. This policy will pay a lump sum in case the insured female contracts any of the covered 11 illnesses. It also pays a daily cash benefit to take care of other routine expenses outside the insurance coverage. The policy can also pay for ambulance, recovery, discounts at specific gyms and spas, and discounts on selected health check-up packages at network hospitals. | | | | Pros | | This policy can be bought online.
It allows lifelong renewal and premium paid can avail tax deduction under Section 80D of Income Tax Act. | | | | Our View | | This is a recommended policy that can be bought as an add on to a basic health insurance policy. Apart from covering critical illnesses, it provides for other subsidiary expenses which are otherwise not covered under a basic policy. A major advantage is that the policy allows renewal up to lifetime of the insured person. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 65 | | | | | Maximum Policy Renewal Age (years) | | Life long renewal | | | | | Coverage Type | | Individual woman | | | | | Policy Term (years) | | 1 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | As stated in the Covers and Exclusions | | | | | Minimum | | As stated in the Covers and Exclusions | | | | | Grace Period for Policy Renewal | | 15 days | | | | | Policy Termination | | Insurer may cancel the policy by providing a 15 days prior notice | | | | | Customer Service | | | | | | | Address | | Registered Office:TATA AIG Insurance, 9th Floor, Piramal Towers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 01 | | | | | Mail to | | customersupport@tata-aig.com | | | | | Call to | | 1800-266-7780 | | | | | SMS | | TAG to 5616181 | | | | | | | | | | | | | |
| | | | Scope of Cover | | | | | Benefits (per policy year) | | Classic | | Supreme | | Elite | | | | | Cashless facility | | available if treatment taken in a network hospital | | | | | Reimbursement facility | | available if treatment availed in a non-network hospital | | | | | Critical Illnesses | | | | | | | | | | | Cancer | | 3 lakh | | 5 lakh | | 7.5 lakh | | | | | First Heart Attack, Stroke, Kidney Failure, Coma, Coronary Artery Bypass, Grafting (CABG), Major Organ Transplant, Total Blindness, Paralysis, Multiple Sclerosis, Major burns | | 1.5 lakh | | 2.5 lakh | | 3.75 lakh | | | | | Other benefits | | | | | Daily Hospital Cash Benefit(upto 90 days , 1 day deductible) | | 2000 per day | | 3000 per day | | 4000 per day | | | | | ICU/ICCU admission (upto 15 days per policy year) | | 3000 per day | | 4500 per day | | 6000 per day | | | | | Convalescence benefit (payable after 5 days of continuous hospitalisation | | 1500 | | 2500 | | 4000 | | | | | Cosmetic Reconstruction Surgery (only in case of accident) | | 50000 | | 1 lakh | | 2 lakh | | | | | Ambulance charges | | reimburses maximum upto Rs 2000 | | | | | Health and Wellness Offers | | policyholder will receive discounts at select gyms, spas, skin care and weight management centres | | | | | Wellsurance Health Perks | | Privileged customers get discounts on selected health check up packages at network hospital | | | |
| | | | Exclusions and Waiting Period | | | | | Pre-existing diseases | | not covered | | | | | No claim period | | 90 days from inception of the policy | | | | | Waiting period | | convalescence benefit will be paid after 5 days of hospitalisation | | | | | Survival period | | insured person needs to survive for a minimum of 30 days starting from the day of contracting any of the covered critical illness | | | |
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
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| Star Unique Health Insurance Posted: 09 Dec 2013 01:54 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Star Unique Health Insurance | | | | Objective | | This is an online health insurance policy that aims to cover for treatment taken as an inpatient in a hospital. HIV patients can also subscribe to the policy. | | | | Suited for | | Anyone between 18 and 65 years of age can buy this policy. HIV patients are also allowed to take this policy to cover illnesses other than HIV/ AIDS or related illnesses. | | | | What does it do? | | This policy covers inpatient hospitalisation along with pre and post hospitalisation expenses. It has a 2-year tenure and the premium can be paid in two instalments. First instalment has to be paid at the time of purchasing policy and second one after completing one year . This policy is special as it covers HIV positive patients provided minimum CD4 count at time of entry is 350, for treatment of illnesses other than HIV/ AIDS. Non-allopathic treatment and ambulance charges are also covered. | | | | Pros | | It covers HIV patients as well. Pre-existing diseases except for those specifically stated in policy document will be covered after 11 months, a waiting period relatively shorter than other policies.
It also covers non-allopathic treatment. This policy can be bought online.
Premium paid under the policy will be eligible for tax benefit under Section 80D. | | | | Cons | | The policy ceases to cover at 70 years of age.
Pre-existing disease are covered up to sub-limits.
It offers a sum insured of up to Rs 3 lakh only. | | | | Our View | | Although there is a lower waiting period for covering pre-existing diseases, the benefit has already been factored in by way of charging higher premium rates as compared to its peers. It allows to cover HIV patients for illnesses other than HIV/ AIDS or related treatments useful for the patients who are young and healthy enough to resist AIDS. On the other hand, buying this policy at older age will have no meaning as HIV patients become more prone to AIDS due to weaker immunity. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 65 | | | | | Maximum Policy Renewal Age (years) | | 70 | | | | | Policy Term (years) | | 2 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | 3 lakh | | | | | Minimum | | 1 lakh | | | | | Tax Benefit | | Premium paid is eligible for tax benefit under section 80D of the Income Tax Act | | | | | Discount | | NA | | | | | Pre Policy Medical Check Up | | Not required | | | | | Grace Period for Policy Renewal | | 15 days | | | | | Customer Service | | | | | | | Address | | Star Health and Allied Insurance Company Limited
Corporate Office: No.1, New Tank Street,
Valluvar Kottam High Road, Nungambakkam,
Chennai - 600034. | | | | | Mail to | | support@starhealth.in | | | | | Call to | | 1800 425 2255/ / 044 2826 3300 | | | | | SMS | | STAR to 56677 | | | | | Network Hospitals | | Http://www.starhealth.in/hospital.php | | | | | | | | | | | | | |
| | | | Scope of Cover | | | | | Cashless facility | | Available at empanelled hospitals in India | | | | | Re-imbursement | | Available | | | | | Pre hospitalisation | | Covered; upto maximum of 30 days prior to hospitalisation | | | | | Post Hospitalisation | | lumpsum calculated at 7% of the hospitalization expenses (excluding room charges) subject to a maximum of Rs.5,000 | | | | | In-patient hospitalisation | | Covered | | | | | Room rent, boarding and nursing expenses | | 1% of Sum Insured upto a maximum of Rs 3000 per day. | | | | | Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialist Fees, Anaesthesia, Blood, Oxygen, Operation Theatre charges, Surgical Appliances, Medicines and Drugs, Diagnostic Materials and X-ray, Dialysis, Chemotherapy, Radiotherapy, cost of Pacemaker and similar expenses | | Covered | | | | | Emergency Ambulance | | Rs 750 per hospitalisation upto maximum of Rs 1500 per policy period | | | | | Non Allopathic Treatment | | Covered upto maximum of 25% of Sum Insured subjevt to a amximum of Rs 25000 per occurrence per policy year | | | |
| | | | Exclusions and Waiting Period | | | | | Pre-existing diseases | | Covered after 11 months with sub limits. Certain pre-existing illnesses such as Stapodectomy, Bone marrow transplant,Retinal detachment, all types of cancer etc. will be covered after 48 months of continuous coverage | | | | | No claim period | | Any disease contracted during the first 30 days of commencement of the policy | | | | | Waiting Period | | Certain diseases such as hernia, piles, sinusitis etc shall be covered after a waiting period of 1 years. If any of these disease is pre existing, waiting period would extend to 2 years | | | | | | Certain diseases such as Cataract, treatment of joints unless caused by an accident etc wil be covered after 1 year | | | | | Co Payment Clause | | 30% of admissible claim in repect of each and every claim. | | | | | General Exclusions | | Naturopathy treatmentCosmetic, beauty or slimming treatment | | | |
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
 |
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