Skip to main content

Why You Need Health Insurance Policy?

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

Why Does One Need Health Insurance And What Would Happen If One Does Not Take It Up?

Mr Suraj is 32 years of age and his wife is 30 years. Both of them exercise regularly and are in the peak of health. The premiums for a family floater for Mr Suraj his spouse and a single child are in the range of INR 8000-9000 for a coverage of INR 4-5 Lakhs..Mr Suraj believes he does not need a health insurance policy as it is a waste of money .Over the next 5 years Mr Suraj would incur costs of INR 50000 for a health policy which he believes he could have invested in the stock markets for high returns .So What Advice Would One Give Him?

Mr Suraj has discounted acts of God such as an accident or even a disease like Jaundice which in a metro like Mumbai can cost in excess of INR 30000 .A major accident could set Mr Suraj back by INR 2 Lakhs. His investment deals and expected profits in the share market would disappear in seconds. Anyone can suffer from a disease and exercise alone cannot guarantee ones health. It would be a major relief financially and mentally for Mr Suraj if he takes up a family floater plan for his family as not only can he financially cover himself , it can also be a major stress buster for Mr Suraj’s family.

What Is The Use In Locking The Stable After The Horse Has Bolted?

Many times one must have heard from one’s friends how they state they can purchase that health policy after they fall ill. What Reply Would You Give Your Friends? This is a classic case of locking the stable after the horse has bolted .A preexisting disease is basically a health condition suffered by an individual before taking up a health policy. This information may be deliberately suppressed by an individual or a policy may be taken after the disease is detected. Diseases such as diabetes and hypertension are covered after two to four years of continuous claim free renewals. No claim must be made by the claimant with some other insurance company for the same disease or complications arising out of this disease during this period. Co payment might also be necessary or an additional premium might have to be paid to cover these diseases .One must surely have heard this regret among the top 10 regrets of all time. What If I Had Purchased That Health Policy When I Was Younger And In Good health?

Insufficient Sum Assured

Would one start building a house with insufficient construction material. It would look like an ancient ruin wouldn’t it? In a similar way one must surely insure oneself for a reasonable amount considering his health condition. This amount should be sufficient to cover hospitalization charges, Doctors charges as well as treatment charges. Surely one has to factor all this in that health policy.

In Youth We Learn, In Old Age We Understand

In a recent survey conducted in India data showed the youth and households in urban areas hardly cared to purchase a health policy. This was widely noticed among the youth in the Southern part of our country. Even in youth and households earning above a Crore no heed was paid to that health policy. Across India only 25% of the households have health insurance and in the lower income category of urban India it is an abysmal 2%.The Western parts of India have the highest health cover with over half the households with income of 1 Crore taking up a health policy.

Change Your Thoughts And You Change Your World

IndianMoney.com believes that each and every individual of our nation especially the youth should take up a health insurance policy. None of us has seen the future and being forewarned it is necessary for one to be forearmed. It is necessary for one to understand never to sit on important things but to do the needful at the earliest.IndianMoney.com also believes that one should pick up that health policy in one’s youthful days and maintain claim free years in order to procure loyalty benefits and discounts. This also eliminates problems faced due to pre-existing diseases. Do Not Sleep On Such An Important Job. Get That Health Policy Today. One can reap its benefits in ones old age.

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief ‘96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

How to generate a UAN Online

Best SIP Funds Online   In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer.  However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
Read more

Reliance Regular Savings Fund - Debt Option

Reliance Regular Savings Fund - Invest Online     The scheme aims to generate optimal returns consistent with moderate levels of risk. It will invest atleast 65 per cent of its assets in debt instruments with maturity of more than 1 year and the rest in money market instruments (including cash or call money and reverse repo) and debentures with maturity of less than 1 year. The exposure in government securities will generally not exceed 50 percent of the assets. The fund uses a mix of relatively low portfolio duration with active investments in higher-yielding corporate bonds. It does not take aggressive duration calls but tries to improve returns by cherry-picking corporate bonds. This is reflected in the fund's returns matching the category and benchmark for five years - at 8.4 per cent - but lagging behind the category during a raging bull market in bonds in the last one year. The fund has been a consistent but not chart-topping performer in the income category. Despite its ...
Read more

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...
Read more

IIFL NCDs

Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India) IIFL NCDs IIF's six-year unsecured NCD 2012 Risk-wary investors should stay away from this issue, and even, risk-taking ones should think twice It is a public issue of unsecured redeemable non-convertible debentures ( NCDs ) by India Infoline Finance ( IIF ), an unlisted company, which is a 98.9 per cent subsidiary of India Infoline, a listed company. The issue seeks to raise Rs 250 crore with an option to retain over-subscription up to Rs 250 crore taking the total potential issue amount to Rs 500 crore. It will be open for public subscription from September 5 to September 18 with a minimum application size of Rs 5,000 in the form of five NCDs of face value Rs 1,000, TENURE & RATES: IIF will redeem the NCDs at the end of six years, and investors wanting out before six years will be able to sell the...
Read more

Income Tax Basics for beginners

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Tax is a compulsory payment made to the Government, but there are ways to optimise it   Income tax is an instrument used by the government to achieve its social and economic objectives. Simply put, tax is duty or tariff that income earning individuals pay to the Government in exchange of certain benefits such as law and order, healthcare, education and a lot more. With proper planning, your tax liability can be reduced and optimised effectively, leaving you with a greater share of your income in your hands than being paid out as tax. Income earned in the twelve months contained in the period from 1st April to 31st March (Financial Year) is taken into account when calculating income tax. Under the Income Tax Act this period is called the previous year.   ...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now