Prajna Capital |
- Bajaj Allianz Personal Guard - Wider Plan (Personal Accident Cover)
- Apollo Munich Energy - Health Insurance Plan for Diabetics
- How to make an Early redemptions from FMP Mutual Funds?
| Bajaj Allianz Personal Guard - Wider Plan (Personal Accident Cover) Posted: 31 Jan 2014 09:15 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Bajaj Allianz Personal Guard-Wider Plan (Personal Accident Cover)
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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| Apollo Munich Energy - Health Insurance Plan for Diabetics Posted: 31 Jan 2014 08:06 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Apollo Munich has come up with a new health insurance plan “Apollo Munich Energy”. This plan provides insurance cover to those suffering from Type 2 diabetes. Apollo Munich has gained a good product presence and brand name in health insurance space in recent years. But still none of its product used to cover diabetes in general. With the launch of Apollo Munich Energy which is a health insurance plan for diabetics, Apollo Munich health insurance is trying to fill this Gap and that too with some unique features in product.
Let’s try to understand it in detail:
Apollo Munich energy health insurance plan covers Individuals who are diagnosed with Type 2 diabetes or Pre diabetes (Impaired fasting Glucose / Impaired glucose Tolerance) or hypertension. No floater plan is available in this product. The main advantage in this plan is that it does not have any waiting period for all hospitalization arising from Diabetes and hypertension. But for all other conditions there are specific and general waiting periods which are also there in all other health insurance plans of Apollo Munich. Besides this the other USP of Apollo Munich energy is that it encourages the policy holders to go through some pre-defined medical tests. Based on reports of tests this plan give some incentive points which can be converted into discounts of up to 25% on renewal premium or can be claimed as reimbursements of up to 25% on expenses incurred on health care. Policy holders will also be provided with a wellness support program where they can track the medical values of various tests to monitor their health conditions themselves and also a personalized Health coach to guide, remind and create personal diet and fitness plans.
Apollo Munich Energy – Key health terms
Type 1 diabetes: Also known as “Juvenile” or “Insulin Dependent” diabetes. It indicates conditions where Beta cells of pancreas are destroyed causing Insulin Deficiency. Patients with Type 1 diabetes have to take insulin injections every day.
Type 2 diabetes: This is more prevalent in India. This is a condition where pancreas does not produce enough insulin and thus blood sugar level remains high. This type is initially managed by exercise and dietary modifications and then with the help of some medications.
Due to the Controllable nature of Type 2 diabetes, Insurance companies in India offers cover to this type only and not to type 1.
Hypertension: is defined as a repeatedly elevated blood pressure where systolic pressure (the top number, which is also the higher of 2 numbers) is above 140 and diastolic pressure is above 90.
Gestational Diabetes: is a condition in which women without previously diagnosed diabetes exhibit high blood glucose levels during pregnancy. As per Wikipedia this affects 3-10% of pregnancies, so may be a natural phenomenon. Women with unmanaged gestational diabetes are at increased risk of developing Type 2 diabetes.
Apollo Munich Energy – Key Features
Apollo Munich Energy – Who should buy?
As I mentioned above that the main advantage of this product is that it covers diabetes from day 1 (if accepted by the company after its underwriting pre acceptance screening). On the other side there are few other companies which though are not having any specific health insurance plan for diabetics but accept the cases of Type 2 diabetic patients with a preexisting waiting period of 3-4 years or with some loading on premium or with both. Some of those are New India insurance, Religare health insurance. Star insurance has a specific health insurance plan for diabetics with name “Star Diabetes safe health Plan” which is specifically for diabetes related problems. Apollo Munich energy plan in itself sounds to be good and comprehensive, but i think the premium cost is on higher side. I would advise to those who are young and have controlled diabetes to first check out with other companies. Even if there case gets accepted with some waiting period or some loading it will not be of much botheration. Those who feel that their medical condition can call for hospitalization anytime may check with Apollo Munich on this plan. But due to strict underwriting guidelines these kinds of cases have very minute chances of acceptance on Apollo Munich counter. If accepted, you can be sure of being taken care on services part. Apollo Munich is a good company overall.
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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| How to make an Early redemptions from FMP Mutual Funds? Posted: 31 Jan 2014 07:17 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
FMPs operate over a certain period and terminate on a fixed date, but can be traded on the exchange
We are frequently asked if it is possible to get early redemption of the investment in an FMP fund. In theory, the answer is yes but in practice it's no. FMP funds are closed-end funds, meaning they have a certain period over which they operate and on a fixed, pre-determined date they are terminated, or as the term is, redeemed. In this aspect, they are no different from any other closed-end fund whether equity or debt.
However, SEBI's rules say that mutual fund companies must provide investors some route of early exit. For closed-end funds, this route is a listing on a stock exchange. If you wish to redeem a closed-end fund, the AMC is not obligated to buy the units from you and you will have to sell them on the stock market. That brings up the problem of who'll buy them.
The practical situation is that there is very little demand for FMPs or other closed-end funds and you are unlikely to find a buyer when you go looking for them. In 2013, with over 700 FMPs available in the market, only eight were traded on the BSE and nine on the NSE, on 20 days. Although this year the trading volumes exceeded few lakhs in a day, in the past years it has rarely exceeded few hundreds in a day.
Even if you find a buyer for your FMP, the price offered is likely to be lower than the intrinsic value (the NAV), and selling it so will lead to a loss. Therefore, you should invest in an FMP only with complete confidence money that you are investing will not be needed for the duration.
In this aspect, FMPs are inferior to bank fixed deposits. In fixed deposits, it is always possible to get a premature withdrawal only by losing some interest earned as penalty. In FMPs, it may be completely impossible to find a buyer, or, if you find one it may be at a price which also delivers a capital loss.
As a practical strategy, if you do face an unforeseen situation where you have a dire emergency and need the money that is invested in an FMP, consider taking a loan against the fund investment from a bank. As a last resort, this may be better than trying to find a buyer on the equity markets.
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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