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

ICICI Prudential Dynamic Plan Invest Online

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   ICICI Prudential Dynamic Plan             Invest Online This fund does remarkably well during falling markets, but fails to show the same prowess during a rising market. The fund sticks to its mandate to adapt to the dynamic nature of the market by shuttling between debt and equity. It takes aggressive asset calls in equity when the market surges by investing in quality mid-cap stocks. At the same time, it adopts a defensive strategy by investing in debt and cash when markets get overvalued, making it a good long-term choice.     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 ...

Mutual Fund Review: ING Dividend Yield

  ING Dividend Yield's small assets enable the fund manager to churn in impressive returns… Strategy The aim of the fund is to invest in stocks which offer a high dividend yield. This fund deploys a value based strategy which aims to gain from investing in fundamentally strong and free cash flow generating businesses. The scheme focuses not only on growth but also on the cash generated by the business, which mostly leads to stable returns even in volatile markets. This fund has a low volatility because of its investment in high yielding stocks. The scheme tries to include stocks that yield dividend above the dividend yield of the Nifty and stocks with liquidity, which throws up a universe of 150 stocks.   Our View Launched in October 2005, this fund invests at least 65 per cent of its assets in high dividend yield stocks. The fund has consistently maintained a mix of stocks across varying market capitalisation, with a higher tilt to mid caps compared to small caps. Howev...

About CRISIL IPO Grading

CRISIL IPO (Initial Public Offering) Grading is an opinion on the fundamentals of the graded issue that reflects CRISIL's independence and expertise. This opinion is expressed as a relative assessment in relation to other listed equity securities in India. The assessment is based on a grading exercise carried out by industry specialists from CRISIL Research. A CRISIL IPO Grade 5/5 indicates strong fundamentals and a CRISIL IPO Grade 1/5 indicates poor fundamentals. CRISIL IPO Grading reflects its assessment of the graded company's equity fundamentals as distinct from an assessment of debt fundamentals. A CRISIL IPO Grade should not be construed to mean a comment on the price of the graded security nor is it a recommendation to invest or not to invest in the graded security. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comm...

Lump Sum or SIP?

Invest Mutual Fund Online     You have a lump sum in hand and you wish to invest in equity funds. However, you have heard a lot of talk about investing in equity funds through Systematic Investment Plans (SIPs) because they help average costs, ensure you do not ill-time the market, and help you invest in small sums, besides giving you many other advantages. So, should you invest the money you have in hand in one go, or let it remain in your bank account and then do an SIP? There is no harm in investing a lump sum amount. For all you know, compounding, over the long term, could work better with lump sum. However, make sure you fulfill all of these three criteria if you want to invest in one go. Else, SIP is the way to go. #1: You invest for the long term According to past data, ideally, if you have a time frame of 12 years or more, you can consider lump sum investing (provided you satisfy the other two conditions that follow). So, what is the sanctity behind 12 years? Is it because only...

Capital Protection Oriented Funds

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   Capital Protection Oriented Funds   Erosion of capital is one of the key concerns for investors wanting to invest in equity mutual funds. To address this concern, asset management companies have launched Capital Protection Oriented Funds (CPOFs). What are CPOFs? CPOFs are generally three to five-year, closed-ended funds where 70-80% of the portfolio is invested in fixed income securities, which mature on or before the scheme's tenure. The investment in fixed income securities grows to 100% at the end of the tenure, providing the investor with capital protection. The remaining portion (20-30%) is used to take exposure to equity, which provides the upside. Exposure to equities is either by directly buying equity stocks (plain vanilla CPOFs) or by b...
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