Prajna Capital |
- Best Family Floater Mediclaim Plans in India for 2016
- HDFC Retirement Savings Fund
- SBI Magnum Balanced Fund
| Best Family Floater Mediclaim Plans in India for 2016 Posted: 04 Feb 2016 04:04 AM PST Top Family Floater Mediclaim plans in India for 2016 Family Floater Mediclaim plans Invest Online  In 2015 we had looked at the best family floater Mediclaim Plans, based on Mediclaim ratings by Mint, the leading financial daily. Mint rates Mediclaim or health insurance plans based on a variety of parameters like premiums, benefits and claims settlement track record of the insurer. As we begin 2016, we will take fresh look at the best family floater plans, as per Mint's most recent Mediclaim ratings. While an individual Mediclaim policy covers only the insured, a family floater plan covers the entire family. The cover for the entire family is limited to the sum insured in a family floater plan. A family floater plan provides health insurance to the whole family at a lower cost compared to individual Mediclaim policies. If the average age of the your family members is relatively less and the family members do not suffer from any pre-existing medical conditions, the risk of hospitalization of multiple family members is less and therefore, you can save health insurance cost for your family by opting for a family floater Mediclaim plan (please refer to our article, Which health insurance plan makes more sense: Individual Mediclaim or Family Floater). On the other hand, if a member of your family has a pre-existing medical condition that puts him or her at a higher risk of hospitalization, then you should buy an individual Mediclaim policy for him or her and a family floater policy for the rest of the family. One disadvantage of a family floater plan is that the plan cannot be renewed, once the senior most member of the family reaches the maximum renewability age. For our selection of the best family floater plans, we have looked at the overall score assigned to each family floater plan by Mint based on the following factors.
We have selected the plans in the top quartile in terms of overall score assigned to the family floater plans by Mint. The table below shows the family floater plans in the top quartile of Mint's ratings, along with the premiums and the incurred claims ratio. Please note that the premiums are applicable to a family where the most senior member is 35 years old for a total sum insured of
You will note that, in the above table we have deliberately not shown claim settlement ratio as percentage, based on the suggestion of one of our readers. The reader had correctly pointed out that looking at claims settlement ratio as percentage in isolation can be misleading, because an insurance company handling a smaller number of claims can have a good claim settlement ratio. If the same company received a large number of claims, then their claim settlement ratio may not be that good. Readers should look at claims settled versus claims repudiated in relation to the total volume of claims received and then determine the claim settlement efficiency of the insurer. Conclusion In this blog, we have discussed the best Mediclaim plans based on the most recent Mint ratings. Health Insurance is a critical aspect of financial planning and should never be ignored. With a plethora of Mediclaim products available in the market, selecting the best Mediclaim plan is often confusing for health insurance buyers. If you are not sure, which product to buy, you should discuss with your financial advisor to help you select the right product. However, you should also educate yourself about Health Insurance, so that you can ensure that you are making the correct choice. (Insurance is the subject matter of the solicitation. For more details on the risk factors, term and conditions please read sales brochure of the respective companies carefully before concluding the sale and/or contact an IRDA Licensed Insurance Advisor/ Insurance Broker) ----------------------------------------------- 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 2016Best 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 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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| Posted: 04 Feb 2016 03:53 AM PST Invest HDFC Retirement Savings Fund Online  ----------------------------------------------- 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 2016Best 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 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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| Posted: 04 Feb 2016 03:03 AM PST SBI Magnum Balanced Fund Invest Online Is the fluctuation in stock prices worrying you? Investing in balanced funds with a good track record may be a good option. SBI Magnum Balanced Fund is a good choice as it has actively managed both its equity and debt portfolios to outperform the category. The scheme's mandate allows it to invest up to 50 per cent of its assets in debt and money market instruments. But in practice, the fund has maintained 24-25 per cent of its allocation to debt instruments with a 65-70 per cent equity exposure. This mix allows investors to avail of tax benefits accorded to equity-oriented funds. As of November 30, about 72 per cent of the scheme's assets were invested in equities and 25 per cent in G-Secs and corporate debt instruments. The fund's three- and five-year returns of 19 per cent and 12 per cent are ahead of the category average of 14 and 10 per cent respectively. Smart juggling This is higher than the 69 per cent gain clocked by Nifty during the same period. The fund's performance has improved in the past year. Its ability to pick winners in the equity space boosted the scheme's NAV. For instance, stocks such as Ramakrishna Forgings, Sanghvi Movers and Atul have delivered multi-fold gains over the last two years and this provided a boost to the scheme's performance. On the debt side, the fund has taken active advantage of both interest rate and credit opportunities. The debt portion features a mix of long-duration G-Secs and corporate bond exposures across the credit spectrum. ----------------------------------------------- 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 2016Best 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 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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