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- Health Insurance - Rider or top up?
- Gold in Your Portfolio
- HDFC Mutual Fund to merge Morgan Stanley schemes
| Health Insurance - Rider or top up? Posted: 28 May 2014 04:05 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Go for add-ons when you know the cost of treatment. When costs can run high, increase hospitalisation cover
Most health insurance policyholders in India cover themselves for a maximum of ₹ 3 lakh. But, in the case of hospitalisation for any kind of ailment, it can burn a hole in your pocket. This apart, experts say, yearly medical inflation stands at 15- 18 per cent.
Health insurers offer options such as rider or add on covers and top- up covers.
But choosing between the two can be difficult for policyholders.
Top- up policies are regular indemnity plan covering hospitalisation but only after a threshold limit, known as deductible. Deductibles are not covered by the insurance company and has to be paid by the insured ( it can start at ₹ 1 lakh). Deductible clause make top- ups cheap as smaller claims don't need to be paid by the insurer. Whereas a rider is an attachment or amendment to an existing health insurance policy for defined problems such as Hospital Cash, Maternity Cover, New Born Baby Care and so on.
The math isn't difficult. Simply put, when you know the estimated cost of treatment, opt for a rider.
And, when won't know and it can run quite high, opt for a top- up cover. When the severity of the illness is high like a heart problem, which can push your basic treatment cost to ₹ 5 lakh or more, you need a top- up cover. Given Indians do not buy sufficient health insurance, both riders and top- up plans can be bought.
Bajaj Allianz General Insurance's top- up Extra Care costs ₹ 2,500 for a 30- year old —sum insured is ₹ 10 lakh and deductible is ₹ 3 lakh. But their regular indemnity policy, Health Guard costs ₹ 10,913 for a sum assured of ₹ 10 lakh. In comparison, their Hospital Cash cover will cost ₹ 1,100 for a₹ 2,500 coverage per day for 30 days. It will cost ₹ 1,800 for a₹ 2,500 coverage per day for 60 days. Hence, a top- up policy is a low- cost investment.
Top- up policies come as individual and floater plans. A floater plan covers more than one individual in a family and considers the number of people covered as one unit.
You can also buy a top- up cover on employer- provided group plans. Experts say employees of big companies would be paying ₹ 6,000- 7,000 annually for a ₹ 5- lakh top- up cover for parents. This could be higher by ₹ 2,000- 3,000 for smaller companies. However, you cannot choose the sum assured. It will depend on the deal between the employer and insurer. As for claiming from top- ups, it depends on the design of the top- up policy. Traditional top- up plans play the difference between base and top- up policy on a cumulative claim basis. Super top- ups get activated for claims only if each individual claim is more than the threshold sum assured of the base indemnity plan
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| Posted: 28 May 2014 02:40 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Gold Investment in Your Portfolio
Many gold investors are wondering about the future prospects of the yellow metal, after it lost ground after the Reserve Bank of India (RBI) eased import norms last week.
There is an expectation in the market that with the new government, there would be a gradual relaxation in restrictions and levies. There could be a fall in domestic prices to that extent, given other things remaining same. The recent RBI notification was seen as a step in this direction. In the international market, too, experts do not see any triggers for a rise in gold prices.
Globally, prices will remain soft, though the fall is unlikely to be sharp. In rupee terms, gold will slide further as the new government eases import restrictions imposed last year. The yellow metal dropped to ` . 27,850 per ten gram on Friday . On Monday , it rose marginally to . 27,870.
Though gold gained 4.5% last year until February , it has been sliding since then, and is no more considered a must in the portfolio of an average investor. However, many investors would be continuing with their allocation to gold and some still have a sizeable chunk of gold in their portfolio. Gold was on everybody's investment list until a few years ago when the precious metal had given returns of over 15% in 2008 and 2010.
Around four to five years ago, many retail investors invested heavily in gold, thanks to the frenzy for the precious metal then. They typically tend to chase the asset class that is doing well. Many also assumed that gold prices can never fall, despite evidence to the contrary . In the last two years, as returns turned lacklustre, they developed apathy towards gold. He adds that investors should stop getting swayed by the market movements and stick to their asset allocation mix. Financial advisors want investors to focus on their asset allocation strategy than the market conditions to take a call on gold.
It's traders who have to take calls on the basis of short term movements. The prices were expected to fall in any case.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2.Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
| HDFC Mutual Fund to merge Morgan Stanley schemes Posted: 28 May 2014 01:18 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Morgan Stanley has provided an exit option to investors from May 22, 2014 till June 20, 2014.
HDFC Mutual Fund is set to merge eight schemes of Morgan Stanley Mutual Fund post acquisition of the latter's schemes. Morgan Stanley has provided an exit option to its investor from May 22 till June 20 without charging any exit load. The merger is likely to happen in June end.
Financial advisors said that the merger bodes well for investors and they are recommending their clients to stay invested in Morgan Stanley schemes. "HDFC has a good track record and they can manage the schemes of Morgan Stanley well. We have advised our clients to stay invested. HDFC has managed the schemes of Zurich well," said Rajesh Hattangady of THiiNK.
Nikhil Kothari of Etica Wealth Management said "Investors have to see if the transferee scheme's objective is similar with their existing scheme. For instance, HDFC Inflation Indexed Bond Fund is different from Morgan Stanley Gilt Fund. Similarly, A.C.E Fund is not similar to HDFC Small & Mid Cap Fund. Though HDFC is a good AMC, investors have to see if their risk appetite matches with that of the new scheme. If not, they can move out and invest in schemes having similar objectives within HDFC or with any other fund house. Debt fund investors of Morgan Stanley can remain invested."
Investors in the schemes of Morgan Stanley have to bear capital gain tax after the merger since merger amounts to redemption. While no long term capital gains tax has to be borne by investors if they have completed one year in equity scheme, debt fund investors have to bear capital gains tax of 10% without indexation and 20% with indexation.
Morgan Stanley Multi Asset Fund (Plan A and Plan B), Plan A will be renamed as HDFC Dynamic PE Ratio Fund of Funds and Plan B will be merged into it. To avoid duplication of schemes, HDFC will also merge its HDFC Focused Large-Cap Fund into HDFC Equity Fund on June 20, 2014. Launched in 2006, HDFC Focused Large Cap Fund manages Rs. 406 crore. There will be no changes in the fundamental attributes of HDFC Equity Fund.
HDFC Short Term Plan which will accommodate investors of Morgan Stanley Short Term Bond Fund will undergo change in its fundamental attribute. As on April 2014, HDFC AMC managed Rs. 1.24 lakh crore while Morgan Stanley had assets under management of Rs. 2,572 crore as on March 2014.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2.Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
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