Prajna Capital |
| Posted: 09 Apr 2015 06:30 PM PDT Plans tailored for women may not offer the spectrum of benefits available in a regular health policy. Health insurance is not priority for women in India. A recent survey among 1,009 women found only 39% of them had health cover. Of this figure, 22% had bought insurance for themselves, while the rest depended upon policies bought for them by male relatives or employers. The survey, conducted by ICICI Lombard General Insurance, found that despite a rise in claims filed by women in 2014, not too many women were coming forward to buy health insurance. Given the low awareness for the need of health cover, should women opt for products tailored for them? What's on offer? Insurers like Bajaj Allianz, Aegon Religare Life and Tata-AIG General offer products or rider benefits exclusively for women. Tata AIG's Wellsurance Woman is a combination of a hospitalisation and critical illness cover that pays for 11 critical illnesses. Aegon Religare's Woman Care rider is attached to its term insurance policy and covers critical illnesses afflicting women as well as congenital disabilities affecting their new-borns. Bajaj Allianz's Women-Specific Critical Illness Insurance covers eight women-specific critical illnesses. It also offers a payout of 50% of the sum insured in case of birth of a child with congenital disabilities. As these are primarily defined benefit products, the sum is handed over once a claim is made. Also, since the amount is paid out even if another claim has been filed under a regular indemnity policy, it can be used to fund any lifestyle modification or recuperation expenses. Is it worth it? As a woman, you need to ensure that you have a cover of at least `5 lakh, at least under a family floater policy. Budget permitting, you can buy a top-up cover, which gets triggered only after the base policy of say `5 lakh is exhausted. If you are convinced about critical illness covers, you must first evaluate the terms and conditions. There are hardly any great specialised plans available for women. Insurance companies have attempted creating such plans but they have no major cost or feature advantage, vis-avis a standard regular plan in the market For instance, insurance plans targeted only at women charge anything between `900 and `3,000 as premium, depending on sum insured and cover women-related critical illnesses and hospitalisation. On the other hand, a regular health plan covers the same illnesses and more for a lower premium. At first glance, products dedicated to womenspecific ailments may look attractive, but should they find a place in your portfolio? You should weigh both options against the premium before buying a specialised product. The overall deal works in the favour of regular plans than such specialised plans. The survey found women more susceptible than men to ailments like anaemia, arthritis and urinary infections. Yet, 75% of the respondents did not go for preventive check-ups. Women do not give priority to their health. They must give importance to financial protection against medical emergencies.
  Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in 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 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs            | ||||||||||||||
| Cash Investment in Mutual Funds Posted: 09 Apr 2015 09:11 AM PDT
Mutual funds do not usually accept cash. Investors, however, have the option of investing in mutual funds by depositing cash within a limit of `50,000 per investor, per financial year. Only resident individuals, sole proprietorships and minors (through guardians), who are KYC compliant and have a bank account can make cash investments. Mode of application Cash applications can be made only in physical form at designated investor service centres of the fund houses which are authorised to accept cash applications. Cash collection facility with banks The fund house usually ties up with collecting banks and designated branches to accept cash. Branches remit the cash into the fund's schemes usually by the next business day. Procedure Deposit slips for making cash investments are obtained from the specified ISCs. The investor has to fill the deposit slip with the scheme name and the amount of cash to be deposited. The contents of the deposit slip shall be verified by the officials of such ISCs. Application Acknowledged copy of the deposit slip received from the bank along with the scheme application form transaction slip has to be submitted at the same ISC (ie. from where the deposit slip was obtained) for time stamping. Linking cash to application Investors must mention their name and folio application number on the reverse of the deposit slip. The pay out bank account details are also required to be specified in the application form. Payment of proceeds pertaining to redemptions and dividend, with respect to cash investments shall be made only into a bank account. Pay out bank account should be mentioned in the application form or as registered in the folio as bank mandate. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in 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 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs      | ||||||||||||||
| DWS Large Cap Fund – Series 3 NFO Posted: 09 Apr 2015 08:42 AM PDT DWS Large Cap Fund – Series 3 NFO will be opening for subscription from 10th Apr 2015 to 20th Apr 2015. The key features of the scheme are as mentioned below:
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in 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 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs      |
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