Prajna Capital

Best Mediclaim Policies In India for 2016
Edelweiss ELSS Fund
Tierra Farm Assets Company Private Limited NCD

Best Mediclaim Policies In India for 2016

Posted: 02 Feb 2016 04:09 AM PST

Best mediclaim policies for you

We have considered two sum insured amounts (Rs.10 lakh and Rs.20 lakh) and three age categories in each—eldest insured member is 35, 45 or 65 years old

How do you buy a health insurance plan? If you just settle with the plan your agent sells or are happy knowing you have bought the cheapest plan, there is a bit of unlearning and a lot of learning in store for you. A health insurance policy packs in several features and caveats. To give you a ready comparison, we designed Mint Mediclaim Ratings (MMR), which was developed by SecureNow Insurance Broker Pvt. Ltd. The full ratings along with the methodology can be

In the ratings, for family floater plans, we have considered two sum insured amounts (Rs.10 lakh and Rs.20 lakh) and three age categories in each—eldest insured member is 35, 45 or 65 years old. For individual plans, the age categories are the same but the sum assured is Rs.5 lakh. The newest edition of the ratings (July 2015) also includes individual plans of Rs.5 lakh, Rs.10 lakh and Rs.20 lakh for a person aged 70 years.

This week, we spotlight family floater policies with sum assured Rs.20 lakh, the eldest person being 35 years old and the coverage is for two adults and two children.

We also explain some of the important aspects that one should look at while choosing a policy.

Let's look at no-claim bonus.

Health insurance plans are usually annual contracts that you renew every year. Each year you can make a claim on your policy up till the sum insured. The insurer would prefer if you didn't make a claim and, therefore, would reward a no-claim year by, usually, increasing your sum insured for free. Keep in mind that an increase in sum insured does not alter any other features of the policy. So, if there is co-pay or sub-limits in the policy, the same would apply even on the increased sum insured.

Insurers, typically, increase the sum insured by 5% every year up to a maximum of 50%, but if you make a claim, it could proportionately decrease the extra sum insured. But the base sum assured doesn't get reduced. No-claim bonus is nice to have as it could also serve as a cushion against inflation. But given that medical inflation is over 10%, an increase of 5% may not be sufficient. In MMR, no-claim bonus has been assigned a weightage of 7.5%.

Subrata Jana/Mint

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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Edelweiss ELSS Fund

Posted: 02 Feb 2016 03:45 AM PST

Edelweiss ELSS Fund - Invest Online

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Tierra Farm Assets Company Private Limited NCD

Posted: 02 Feb 2016 03:11 AM PST

The company is primarily in the business of real estate development and plantation of high value crops and intends to raise funds for the same.

Issuer

Tierra Farm Assets Company Private Limited (Tierra)

Instrument

Unlisted Unrated Secured Redeemable Non-Convertible Debentures ("NCDs")

Mode of issue

Private Placement

Issuance mode of Instrument

Demat form through authorized depository participant

Depository

NSDL

NCD Issue Size

Rs. 50 Crores

Coupon Payment Date

To be paid quarterly with a 6 month's moratorium in the beginning

Coupon Rate

18.25% per Annum (19.45% IRR)

Tenor

48 months

Principal Repayment

Principal Repayment on a quarterly basis in equal value after 24 months i.e. 24^th, 27^th, 30^th, 33^rd, 36^th, 39^th, 42^nd, 45^th and 48^th month.

Security

·             Total cover of 2.5X of principal value in the form of real assets

·             Complete cash flow of Avani Megha Project (estimated to be over Rs. 200 Cr in 4 years)

·             99% shares of Tierra FACPL

·             Equity/General Partner interest of Tierra in Malnad plantations and Avani Projects – through the shares of subsidiary company which holds these interests

·             Acquired assets through the proceeds of the NCD e.g. food processing plant, land

·             Rights to cut and sell timber in specific plantations – amounting to 1X the principal amount

·             Personal guarantee of all the promoters of Tierra FACPL

·             Post Dated Cheques for all the outstanding principal and interest repayment

At the beginning, for the first Rs. 30 Cr raised for the issue, the 2.5X cover is envisaged to be the following

•    NA Land in Bengaluru city: 6 Acre Nelamangala Land worth around Rs. 36Crs – Rs. 40 Crs

•    Chandravalli Coffee Estate – 100 Acres of Plantation having its registered office at Bidare Village, Khandya Hobli, Chickmangalur Taluk, Chickmangalur District worth around Rs. Rs. 15 Crs to Rs. 18 Crs.

•    Residential Property in Jayanagar, Bangalore with building worth about Rs. 15 to Rs. 18 Crs.

•    Cashflow escrow of Phase – II of Avani Mukta Project (9 acre land parcel)

•    99% shares of Tierra FACPL Equity/General Partner interest of Tierra in Malnad plantations and Avani Projects – through the shares of subsidiary company which holds these interests

At a subsequent date, when Avani Megha project receives NA status and requisite permissions to begin the sale of farmhouse plots, the land in Avani Megha project worth more than 2.5X the principal amount along with the project cash flows of the same will be provided as a collateral to the debenture issue.

After this, the collateral/mortgage on 6 Acre Nelamangala Land in Bengaluru, Chandravalli Coffee plantations (100 acres) and the residential property at Jayanagar, Bangalore will be released once the mortgage of Avani Megha 40 acre land is to the satisfaction of the debenture trustees.

Registration of mortgage of Avani Megha land will be done when it is taken as collateral.

However, should the collateral of Avani Megha land not be available within 6 months of the issue beginning date, all the initial collateral will be taken for registered mortgage.

Once the sales in Avani Megha project have started at a satisfactory level, the cash flow escrow of Phase II of Avani Mukta project (9 acre portion) will be released.

Debt Service Coverage

A Debt servicing cover comprising amount payable as interest and the principal in next three months shall be maintained in the escrow account, at all times till the complete redemption of the debentures.

Prepayment Option

Lock-in period of 12 months. The issuer can make pre-payment between 12 months and 24 months at 3% penalty and after 24 months without any pre-payment penalty

Utilization of Funds

Of the 75 Crores raised, the issuer intends to use Rs. 50 Crores for development of land parcels into farmhouses for Avani Megha project and, Rs. 16 Crores for acquisition of a poultry plant and Rs. 8-9 Cr. for fulfilling working capital needs of the company.

Investment Size

Minimum investment of Rs. 15 Lakh and additional investment in multiples of Rs. 1 Lakh.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online
Invest Online
Download Application Forms
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300

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