Prajna Capital |
- ICICI Prudential Health Saver Plan
- Birla Sun Life Equity Fund
- Birla Sun Life Medium Term Plan Online
| ICICI Prudential Health Saver Plan Posted: 02 Sep 2016 02:17 AM PDT ICICI Prudential health saver plan is an expensive health plan This a very expensive unit linked health insurance plan because of the investment element in it
As you have found, ICICI Prudential Health Saver is a unit linked health insurance plan with a combination of health insurance and an investment element. The health insurance portion takes care of medical expenses in case of hospitalisation and the investment portion builds a health fund which takes care of expenses not covered in this hospitalisation benefit. This a very expensive plan because of the investment element in it.
The premium payment after deduction of allocation charges, administration charges, Insurance charges gets invested in a portfolio termed as Health Savings Fund. This Fund can be used after 3 completed policy years in the percentages specified, for the reimbursement of health care costs incurred like on medicines and drugs, diagnostic expenses, dental expenses, co-pays in medical insurance and other miscellaneous medical expenses not covered in medical insurance.
These type of policies are sold hard due to attractive commissions for the agent. For the same premium amount that you pay for this policy, you can get a pure health cover of up to R8-10 lakh for your family. Unfortunately, this policy does not have a surrender option and hence you can claim from the health saving fund (if expenses incurred) or continue the policy or just let the policy lapse and bear the loss.
It would more cost effective to take a stand alone health insurance policy. A family floater will be a good option for you to include your child.
Here are a few recommended family floater health plans based on your requirement. These plans have value added coverage or in built coverage of critical illness cover, hospitalization, pre and post hospitalization, medical check, accident cover etc.
These insurers have good past claim record too. You decide the adequate amount of cover based on your lifestyle, current health conditions and your family history of illnesses. Compare the benefits and features and the premium applicable for your age.
The recommended plans are: ------------------------------ 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 Saver 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. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 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 ------------------------------ |
| Posted: 01 Sep 2016 10:08 PM PDT Birla Sun Life Equity Fund Online In the past one year, to a large extent, markets have been volatile.Given the fact that demand across sectors is slowly picking up, it makes sense to be with schemes which have seen long market cycles and have consistently beaten the benchmark index by a wide margin. One such scheme is Birla Sun Life Equity. The scheme, which has been in existence for the past eighteen years, is being managed by Anil Shah since 2012. The fund manager has maintained its stock-picking strategy of marrying top-down approach with bottom-up as and when required. Besides, the fund manager does not hesitate to take expensive calls as long as earnings visibility is certain. In recent months, post the exit of Britain from the European Union and the downgrade of GDP growth of Eurozone to 0.2% from 0.5%, Shah has taken appropriate calls of booking profits on IT and pharmaceuticals companies.
Also, there is an increasing interest of the scheme's fund manager in companies which are present in niche markets and have high prospects of profitability. He has also bought in a few metal companies as turnaround is transpiring in commodities, especially metals. A few stocks that the scheme has invested in are Tata Steel, Hindustan Zinc, Atul, Bharat Electronics, and Motherson Sumi.
Its portfolio is focused on large companies, which are under-valued with respect to mid-sized firms. It also has a mandate to take about 10% exposure to debt instruments. Investors may consider the scheme as it has beaten its benchmark in all market cycles
 ------------------------------ 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 Saver 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. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 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 ------------------------------ |
| Birla Sun Life Medium Term Plan Online Posted: 01 Sep 2016 08:18 PM PDT Invest Birla Sun Life Medium Term Plan Online  When it comes to investing, traditional modes of investment may be a safe option. But when it comes to potential wealth-creation, the need is for a different approach. Or rather, a diversified one! Birla Sun Life Medium Term Plan (An Open ended Income Scheme)is one such scheme which aims to identify securities which offer superior levels of yield at lower levels of risk and selectively invest in them. The primary objective of the scheme is to generate regular income through investments in debt and money market instruments in order to make regular dividend payments to unit holders and secondary objective is to achieve growth of capital.  For further details on the Scheme, refer Scheme Information Document and Key Information Memorandum on website of the Fund.  ------------------------------ 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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