Download Tax Saving Mutual Fund Application Forms
Invest In Tax Saving Mutual Funds Online
Leave a missed Call on
94 8300 8300
Employees should buy Health Cover
Most salaried employees who are covered by their employers group health insurance schemes put off buying personal health covers till they are close to retirement. Some may buy it only after retirement. But it makes sense to buy an individual policy, or at least a top- up even while you continue to enjoy your employer- provided schemes. This is because of the waiting periods which do not allow you to claim immediately after buying the policy. In group policies, there is typically no waiting period.
Most policies have a 30- 90 days waiting period, during which you will not be able to claim any hospitalisation expense, except in case of accidents. This is to ensure that the buyer does not purchase the policy immediately after he or she is diagnosed with an illness and then try to claim the money for the treatment.
Then there is a waiting period for specific ailments like cataract, stones ( kidney or urinary tract stones), arthritis, hysterectomy, hip or knee replacements and so on. The waiting period in these ailments vary from one to two years. Most companies have a list of 10- 20 such ailments. Some companies may have a longer waiting period for those above 60 years.
There is also a personal waiting period which would include ailments like diabetes or high blood pressure, which are discovered at the time of the medical check- up while buying the policy. This waiting period, too, is typically for two years.
Then there is a waiting period for pre-existing diseases which may not get disclosed during the medical check- up. This can be up to four years, which is the maximum limit prescribed by Irda.
Medical check- up is restricted and there could be conditions may not get detected. So, at the time of hospitalisation if the doctor says that the particular condition was pre-existing then it may not get covered. By an additional payment over the premium the waiting period could be reduced to from the standard 48 months to 24 months on payment of additional premium. This option is available even for reducing the waiting period for maternity covers. While porting insurance policies, getting the benefit of the waiting period may not be easy. In some cases you may get it only if you port to a plan within the same company, but not if you port to another company. The new company you want to move to can always say that the features of their product are not the same as your existing plan, and hence, your waiting period may not hold good
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- Birla Sun Life Gold
H. International funds Invest Online
1. Birla Sun Life International Equity Plan A
2. DSP BlackRock US Flexible Equity
3. FT India Feeder Franklin US Opportunities
4. ICICI Prudential US Bluechip Equity
5. Motilal Oswal MOSt Shares NASDAQ-100 ETF
