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| Insurance plans that are Must have Posted: 12 Mar 2013 08:05 AM PDT Invest In Tax Saving Mutual Funds Online Insurance plans that are Must have MANY people adopt a 'penny wise, pound foolish' mentality when it comes to buying insurance. When trying to lower expenses, some will drop or reduce needed coverage, gambling that they won't become seriously ill, suffer a car accident or fall victim to a fire or other catastrophe. But all it takes is one serious uncovered (or under-covered) incident to potentially wipe you out financially. Here are insurance policies no household should be without: Medical: This is the most critical – and unfortunately, the most expensive – coverage you need. When comparing plans, consider: ■ Are your doctors in their provider networks? If not, can you afford out-of-network charges – or are you willing to find new doctors? ■ Are your medications covered under the plan's drug formularies? Do they restrict specialised services you might need like maternity, mental health or weight reduction treatments? ■ If you choose catastrophic coverage to lower premiums, can you afford the high deductible in case of an accident or illness? Homeowner/renter: Fau lty plumbing, theft and home accident lawsuits are only a few catastrophes that could leave you without possessions or homeless. A few tips: ■ Actual cash value coverage repairs or replaces belongings, minus the deductible and depreciation, whereas replacement cost coverage replaces items in today's dollars. Depreciation can significantly lower values, so replacement coverage is probably worth the extra expense. ■ Jewelry, art, computers and luxury items usually require additional coverage. ■ Review coverage periodically to adjust for inflation, home improvements, new possessions and change in marital/family status. ■ The market is competitive, so compare your rate with other insurance carriers. Get 'apples to apples' quotes since policies may have varying provisions. Vehicle: You probably can't even get a driver's licence without demonstrating proof of insurance. Consider these coverage options: ■ Liability pays if you cause an accident that injures others or damages their car or property. ■ Uninsured motorist pays for damage caused to you or your car by an uninsured motorist. ■ Collision pays for damage to your car resulting from a collision and comprehensive pays for damage caused by things like theft, vandalism and fire. However, they only pay up to the actual cash value minus deductibles. Because the ACV for older cars is low, repairs often cost more than the car is worth. ■ Common ways to lower premiums include: Raising deductibles; discounts for good drivers, exceeding age 55 or installing security systems; comparison shopping; and buying homeowner and car insurance from the same carrier.
After your kids are grown you may be able to lower your coverage; although carefully consider your spouse's retirement needs. You probably don't need life insurance on your children, but you might want spousal coverage if you depend on each other's income. Don't gamble your future financial stability by passing on vital insurance coverage the odds aren't in your favour.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 NRIs care for elderly in India? Posted: 12 Mar 2013 05:02 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Sushanto has been in US for the past decade and half, while his parents back home in Kolkatta have aged beyond the stage where they can look after themselves. Despite repeated pleas by Sushanto, his parents are unwilling to leave their ancestral home in Kolkatta to join him in the US. This presents a problem typical to many NRIs who have left behind elderly parents in India. While leaving a prosperous career abroad to return back may not be a pragmatic solution one cannot ignore the responsibility of ensuring adequate care for the parents. Here are some useful tips to give a life of comfort and dignity to elderly back home in India.
What do elderly in India really need?
Though nothing can ever replace the presence of their children besides them at an elderly age, there are a few other worldly requirements which can be catered for from abroad.
How to cater for basic requirements in India?
Apart from depending on siblings or other relatives to take care of the elderly in India there are now many professional options which NRIs can opt for. A little portion of their earnings from foreign shores can help their parents lead a comfortable and satisfying life by engaging professional care services in India. Currently there are many established and recognized institutions and organizations which are providing such services to look after the elderly right at the convenience of their own homes. Some of the services that are offered include:
Note: On an average the charges for such personalized care of elderly in India will cost $ 1000 to $ 1500 per annum excluding the cost of medical expenses which might be incurred.
How to hire a full time nurse for in house care?
Many NRIs also use the option of hiring a qualified nurse to provide round the clock attendance right in their homes itself. This option provides them with a sense of security of having someone at all times to cater for unforeseen eventualities and also deliver specialized medical attention which their parents may require depending on the condition. There are hospitals and foundations who can supply such nurses on request. Usually the general nurses charge about Rs. 400 for a 12 hour shift while specialized nurses cost about Rs. 600 to Rs. 700 for a 12 hour shift. However one needs to verify the following while hiring a nurse to look after elderly people in India especially if there is no one else residing with them.
Taking care of our elderly parents is one of the most important social as well as personal obligations that most of us are committed to. With a host professional agencies undertaking services for a reasonable price the NRIs now have the chance to ensure the best quality care for their parents back home.
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
     |
| Posted: 12 Mar 2013 01:08 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Reliance Mutual Fund has announced dividend under the dividend option of Reliance FHF XXI series 6. The quantum of dividend shall be the entire distributable surplus.
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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