Finance minister Pranab Mukherjee on Monday said that public sector general insurance companies had not withdrawn cashless mediclaim facility. "The public sector general insurance companies have not, I am emphasising on, have not revised or withdrawn the facility of cashless treatment," he said in the Lok Sabha. Mr Mukherjee said that the insurance firms have only started rationalising empanelment of hospitals and the standardisation of rates and specified procedures followed by these hospitals. From July 1, public sector insurance companies had suspended about 150 hospitals from their list of preferred provider network (PPN) which provide cashless hospitalisation services to policy holders under the mediclaim scheme. Last week, insurance regulator Irda chairman J Harinarayan had expressed hope that hospitals and insurers will be able to arrive at a mutual solution.
Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund. Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...
