Selecting Health Insurance......Check This

In February this year, the Insurance Regulatory and Development Authority ( IRDA ), the Health Insurance has issued guidelines for solving many troubles . Guidelines for individual policies October , 2013 will apply . IRDA definitions of several terms used in health insurance is standardized . Portability to various complications resolved by simplifying the regulator . It would be easy to understand why health policy . Hidden companies on terms not misled policyholders added. Prevalent in the health insurance regulator 46 is clearly defined terms . Furthermore , it is clear that the 11 critical illnesses . Let us understand the benefits of the new definitions .
What is the deductible :
For example, in the case of a Indemnity policy the amount of the deductible under the policy is Rs 2,000 and Rs 10,000 in treatment costs borne by the policyholders themselves to be Rs 2,000 . The insurance company will pay the remaining Rs 8,000 . If untreated , it costs just Rs 2,000 , the insurance company will not have any cover .
Insurance companies must clearly mention that is applied on an annual basis , whether the claim may be times during the year , once the policyholder to pay the deductible . Based on the per- claim policy holder if it is applied to claims that any number of times during the year, the deductible will apply . If you have applied for life cover, the policyholder pays the deductible amount shall claim would do it himself .
Depending on the company 's profits Portability :
Health Insurance IRDA has also simplified Portability related troubles . Portability means that the insurance company when you change your policy benefits they remain years old company in which you earned. To cover pre-existing diseases of the lead time and include such diseases are covered after a certain period .
Changes in the definition of hospital :
According to the new definition , any hospital or nursing home will be registered under the Clinical Establishment Act, 2010, there will be validated treatment . Health Insurance now offers 15 beds in hospitals come out .

Life insurance is the primary Priority

Insurance is a product that provides protection to the policyholder 's lifetime . Any person working on which many dependents rearing responsibility , it is a necessary investment . In the event of the policyholder's death to his family financial security it provides .

Life insurance is the primary means of financial planning . This time alone in the way you and your family
financial protection .

The basic goal of life insurance is to replace such losses , for which we are not prepared . It offers help in dealing with unexpected losses . Life insurance products provide protection from unseen events are designed to enable . No other investment can not provide such protection .

Life insurance new product

In the insurance sector from January 2014 new rules - rules are applied . But the purpose of life insurance is the same . The new guidelines will also serve as life insurance, long-term objectives . Insurance Regulatory and Development Authority ( IRDA) life insurance products under these guidelines are divided into three categories : traditional life insurance plans , variable life insurance plans (Variable Insurance Plan or VIP ) and unit - linked insurance plans (ULIP ) . They will lead to the sale of insurance products and more need-based life insurance protections . Also surrender value will get better and improve Diclojr . Additionally , customers simple and customer - friendly insurance plans will enjoy . The new traditional insurance products to customers in the event of death cover will achieve much . Regular premium policies to customers under the age of 45 years of annual premium equal to ten times , while older ones will cover seven times . The minimum death benefit will be equal to the sum insured in traditional plans . You can also get some other benefits as well .
I
n case of ULIP insurance companies now policyholders every month to give notice of a decrease in yield . They have been linked to an index . Get 10 per cent commission to agents under ULIP . Among the rules to eliminate the VIP ( Diskantinyuesn Norms ) and the fee structure is similar to ULIP . As far as charges are concerned , short-term policies under the new guidelines, the commission has been reduced . Additionally , the amount of commission on all premiums have been added . This will lead to long-term sales . It is in the interest of both customers and insurance consultants .

Long-term safety and savings

Despite the arrival of new life insurance products will make great financial tool , and the only security would be a component of overall financial plan instead . This asset creation , conservation , heirs to hand whenever they need to plan and prepare the ground to receive cash . The people will lead to long-term regular savings habit . This collection will encourage not only the property , but also for future funding requirements will ensure sustainable growth . It will not deviated from its long-term goals .
There is no right age to start insurance of the way . But as early as the beginning is just as much benefit in the long run . Way of insurance premium increases with age . More physically fit you are at least age and health would marry . This helps to keep the cost of insurance premiums has to lose . Roughly twenty times the amount of your annual income should be equal to the life insurance . Life insurance should be paid to any individual family members . Contribute financially to the family according to the value of the life insurance needs to housewives . And then , in view of future earnings prospects and risks should consider life insurance for children . Premature mortality or longevity - may have to face in life both cases . And life insurance is required in both cases . Many products are available for it . The term insurance , children's insurance plans , endowment policy , health plans , pension plans , ULIP offers .

Needs assessment

When buying a life insurance policy is extremely important to assess your needs . It should look at what point in that age which may have a job , what is the number of dependents , financial goals , etc. , how and what lifestyle . You want to live a comfortable life after retirement and are fixed . The best way to spend those golden years, you must unite all their properties correspond to regular income . Health and calculation of the costs of treatment and also arranged for his family must leave some money . For this you should invest in a pension plan and health cover . Although no harm in taking investment based life insurance policy , but the first to provide protection to the dependents in terms of security policy is prudent to buy . Term insurance policies that provide coverage to cover the loan . They do not get back the premium paid at maturity . But the policy term, the policyholder gets a lump sum on death of the family .

Home Insurance Imp For Everyone

My own house, it is the dream of most of us . Is the most valuable asset for any home . The life of the capital is invested in such assets . Or home loan is arranged through future earnings . So it is natural that such an important asset to be protected from different types of risks . Not only the physical damage insurance from home and are protected from liability , but liability insurance policy to complete the financial aid .
Market according to each individual's budget and need home insurance is available . Standard Fire and Special Perils policy if you can . The fire , lightning , explosion , falling aircraft , riot or strike , drowning in floods , landslides, subsidence , etc. that make up the loss or damage caused to the building .
By paying extra premium protection against damage from earthquakes or terrorism can get . Fifteen million bucks a year for a house to receive earthquake protection including service tax of Rs 500 will have to pay insurance premiums . Twenty years, fifty per cent of the long-term safety in selecting the option premium reduction can be achieved . And for even more comprehensive protection package of policy options. In addition to the above fire insurance policy to each client's individual needs and protection against various losses . Under the policy package, furniture , utensils and household goods against theft of personal security can be achieved . All risk cover, jewelry or baggage at home or during travel anywhere in India on theft protection.

In addition, air conditioners , washing machines , computers , television and perishable goods such as electrical equipment breakdown cover glass is expensive . Landlord , dependent husband / wife and children in the event of accidental death or permanent disability policy provides protection package . In the event of a serious illness like cancer for outstanding home loan payment protection insurance can be achieved . When an outsider comes home with the accident while it is possible in a compensation package policy . It 's up to you whether you want the above insurance coverage against certain conditions or for all situations . The more options you adopt , the more premium waivers . Reliance General Insurance provides some of the extra discount . Such as the annual renewal of five per cent discount , and have little claim to claim the discount . Health gen insurance policy premiums Loyalty get a discount , provided that both policies have taken us . Insurance should take care of few important things before . The insurance policy is based on the proposal form . Therefore , this form must be filled in correctly .
Sign his or her name should be on the policy . Please fill the proposal form assert themselves . Because anyone can create problems when the claim is false . When estimating the cost of building land costs, it should not be added . Damage to the building does not even reduce the price of land . Because of the structural evaluation is needed . Occupancy own house insure the goods within the time framework and the landlord is insured .
While the tenant has the right to insure goods in the house . The cost should be valued at current market value of jewelry







, not on the basis of the purchase price . Jewelry with a standard jeweler 's appraisal to the appraisal report is better . It 's unlikely any misunderstanding at the time of claim . After the loss to the insurance company should be notified immediately so that may damage assessment by the Surveyor .
The major losses in case of theft should inform the police immediately and FIR should be filed . A copy should be provided to the surveyor . Repairs on damaged equipment is required to submit the original bills .

Insurance Coverage Should More than Ten times Of Earnings

Traditional insurance policies in India is a good sign of the growing trust . Special correspondent in conversation with experts

show that at least ten times your annual income should the insurance coverage .
- How much insurance coverage should a common man , is the direct method of assessment ?
Insurance coverage varies according to each individual 's needs . The age , income , and many other conditions also varies accordingly . But is largely a rule whose advice we give our clients . Annual income of at least ten times the amount of insurance coverage should be . For example, if a person's monthly income is Rs 25 lakh to Rs increased its annual income in this manner .
So this person minimum required to obtain insurance cover of Rs 30 lakh .
- But for those who earn Rs 25 to Rs 30 lakh will not have coverage premiums ?
If the right age and the right insurance policy premiums would not be too much . The terms are the best term insurance policy . They make less mess and they have a very low premium . Aegon Religare Life Insurance Company Term insurance policy offers customers online .
- Many customers believe that term insurance policy is a waste of money because it does not get any return ?
This is wrong thinking . Must recognize that customers are not buying insurance for the returns but not their dependents living at their family and not have to face the financial crisis . Also there is no policy only a few thousand crore rupees insurance coverage can provide . The good thing about term policy is changing the mindset of people in India . In 2009 our company had launched online term policy . The situation today is that it is the policy of our best selling policies .
- Among customers wrongly sold insurance policies do not , what does your company do to prevent it ?
The insurance policy at every level we have inquiries from customers . When agents send information about customers , so we ask that you first call the customer what he knows about the said insurance policy . If the customer has expressed ignorance about the full details of our return policy representative . Or client tells him some information that was not our representative to confirm the policy . Moreover , even after the policy as a sampling of a few selected customers to make inquiries . The result of our efforts to sell the insurance policy on the basis of misinformation complaints has declined sharply in our company .
- Many life insurance companies have recently launched guaranteed insurance policy . Who is buying them ?
Guaranteed returns and faster to market insurance policies in India
Growing. Our company also recently named Aegon Religare Guaranteed Growth Plan Insurance has launched such a policy . We are marketing , especially among the middle class . The return on the equity market will not like the insurance policy but ask her more than anything, increases the returns to ensure . In January, four in 2014, our company - will launch five new insurance product . Irda 's new rules will these policies . According to the new rules, we will launch a ULIP product .

Perfect Insurance Plan

Many companies offer life insurance plans . But some people depend on any individual member of the family , life insurance is the best option for a term plans . It is the simplest and purest form of life insurance is the insurance plan .
This is not your living conditions intended to meet the needs of your family is made . Suppose for a period of twenty- three million term plan to take insurance cover of Rs .
It 's almost as the plan the way you insure your car or take a mediclaim policy . So it will not get any at the end of the insurance period . Put it this is not a complete investment plan based insurance plan . It is also considerably cheaper than other plans . But the premium on your age , health , and depends on your habits .
Some companies will charge a premium

cigarettes than those who drink alcohol .

know About You What Type Of Investor You Are...

The same applies to the world of investing is simple decision

 The first of the three basic principles of investment theory is that art has to choose between investment risk and profitability. Unfortunately, most investors fall into the temptation to earn lots of profits. By the way, should be the contrary, the investor should always be aware of the risks associated with investing. The investment risk means the risk arising from future damage. Return on investment is usually proportionate to the risk. Expect more profitable and less risky than the risk the possibility of lower profits. The third thing is to understand the liquidity of their investment.

Which category you:

Neutral investor: This is what Monsieur caught in the web of data without investment knowledge and want to invest for the long term. Most investors fall into this category. Investment in People 'passive buy and hold strategy taken.

General Investors: These are the people who invest without knowledge and avoiding long wide data you want to invest for the long term. These people market fluctuation is aware of the long-term well take advantage of it indirectly. However, it is well known that these particular bonds and shares her knowledge is limited.

Take a simple strategy for these risks, earn huge profits or be ready for a big shock.

Secure banking Tips for everyone

Your safety is your hands. No matter how advanced technology becomes the mantra of protection is always relevant. This identity fraud (tax fraud to hijack someone else's identity) is known.

 Recent headlines are many cases of fraud associated with credit cards. Card payment system even more secure on the discussion has started to. The use of debit cards has become necessary to feed the pin. This system will be implemented from March 15. Banks have started preparing for it.

Reserve Bank to all banks in July 2013 debit card, credit card, NEFT, RTGS, all forms of mobile payment systems to modernize the payment has already issued guidelines.

All new debit and credit cards only for domestic use unless the client is not seeking to use its international

Use all the cards in the international EMV chip and PIN will be necessary to use

Banks must ensure that businesses engaged with payment terminals comply with all standards and are able to identify these cards

Based on the pattern of transactions of bank customers create rules to prevent fraud. Additionally, all based on Internet Protocol infrastructure adhere to standards

Back-fraud mechanism to monitor the Quick Build

The bank to block the card simple methods such as SMS and instant confirmation message Follow Send to

RTGS, NEFT Bank Interbank Mobile Payment Service to exercise extra caution to ensure safety

Plus a range of additional security arrangements for the funds to be

Any beneficiary may be added to facilitate Alerts

If possible digital signature to be made mandatory for RTGS

Internet Protocol addresses and extra caution should be used to identify

What you can do:

Since the data theft of card fraud you may be a victim of cloning. Special devices through involvement in identity fraud criminals can steal your credit card data in the face can make the fake cards. Be not forget to mention the security of the card.

As soon as you get a new card is necessary to immediately sign on the signature panel. When the PIN set your birth date, train number, mobile number, etc. Do not use. Write down special place in your personal identification number. If possible could remember.

Lost card must tell your bank immediately and let it block. Maybe the police report you may incur. A place to keep all the details. As far as possible before your eyes Make use of the card. Cloning of cards at restaurants or gas stations are frequent. Never far from the card details over the phone.

Chit fund fraud

India's federal structure has to do with your investments? What investment returns and the simple economics might also died in the maze of political trouble. In light of last week's headlines chit fund scam to search for answers to these questions has become need of the hour. Across the country, 342 crore raised from investors and 87 companies disappeared overnight.

Such as multi-level marketing companies, Poonji scheme and other schemes involving fraud case is being tried.

Have you ever thought of chit funds, multi-level marketing, banks, NBFCs, cooperative, companies listed on the stock market, and mutual funds are all in some form of public funding that gathered. You promised to return all your money to some extend. The increased amount of returns we are known.


Bengal Earth welter of special schemes like these are lying. Sharda  Bengal, Orissa, Bihar, Jharkhand, etc. In the absence of formal banking facility chit fund companies began to raise his head. Head up to become the face of Sursa took less than 10 years. Of the 60 chit fund companies raised Rs 15,000 crore from the public.

The Ministry of Corporate Affairs chit fund companies such west Bengal, Rose Valley, MPS, Prayag, complaints against Vibgyor. But until then, these firms Ritl estate, media and education work had begun.

Sanchyaita plan in 1980 to 10 million in investor losses of Rs 120 crore learned nothing from Bengal. Chalc to make more money in less time once again at the expense of millions of people made a few people rich. Poor effort by the regulatory regime has been completed. Ordinary investors can not do anything other than to speak out and to question.

Who is responsible!

It is unfortunate that the issue of economic security of poor investor has to hold political color. However, the ministry said in his explanation chit fund under Section 61 of the Act and Regulation appointment of the Registrar of Chit Fund is under the jurisdiction of the State Government. In this case, the State Government has the final decision and the appellate system.

Chit fund companies take any irregularity Battle is your rights as an investor

Chit fund companies take any irregularity your rights as an investor are quite limited.

Broadly, these companies under the Ministry of Corporate Affairs Amount are registered as a company. They continue to take deposits from the general public, so the RBI as other banking company has created a separate category for them. Even then there's no guarantee your money will be back. It is advisable that you make note of chit fund invests in some time. No limit to be accepted by chit fund deposit, so these companies are affected by the investment fund not wise to proceed.

You may file a complaint with the Ministry of Corporate Affairs, but not much in the hands of the Ministry.will take time. Otherwise the same security precautions that are responsible only for their decisions.

What Is Margin Money

The share price fluctuation risk associated with the stock exchanges to reduce the margin money is provided. In this situation, buyers will have to pay your broker a million bucks. Today purchased shares to the buyer have to pay your broker the next day. The exchange broker pays a day later. Appointment times the total amount the buyer can not pay your broker. Like a million bucks to buy stock investors (buyers) as advance your broker has to pay some amount. The initial margin call token money.

Why is this important margin:

15 per cent margin money, the investor will have to buy one lakh 15 thousand shares. If the share price rose by Rs 10 to share the vendor would sell at a loss. The deal does not meet the margin money is forfeited. Therefore, the full amount of the investment on the buyer and seller is forced to sell the shares.

Sip Funda For Everyone

It is true that the best returns in the long run, it is in a  equity. Indian stock market or global, fluctuation keep coming. Wise investors through its wealth is earned.

A common investor in the stock market over a period of five years, the best source of equity mutual fund investments. Management of mutual funds to professional fund managers. They also have a team of research to suggest. Investment in various sectors and stocks are low because of these risks. Climbs - this way of investing in mutual funds in a falling market has proven to be quite effective. It is because investors are able to get better returns in the long run.

Systematic Investment Plan in view of the growing trend towards investors Systematic Asset Management investment companies also have various options. Monthly Sip, mini Sip, daily Sip, top-up Sip, Flexi Sip Sip etc. are the different types available.

Daily Sip

Under Sip daily while you invest a fixed amount per day to buy some units. Market fluctuation is more effective given daily Sip In the case of monthly cost averaging Sip this embodiment may prove more effective.

It was first launched Bharti AXA Mutual Fund. Bharti AXA Investment in daily Sip minimum period is one month. Given the success of daily Saipi many other asset management companies are also offering daily Sip.

Aidifsi Sip he daily minimum amount of Rs 2,000, Rs 300 Bharti AXA Mutual Fund can be Sip daily. Sundaram Mutual Fund Daily Sip are not available, but investors can take advantage of the convenience of weekly Sip.

According to sources, daily and monthly returns Sip does not matter any more. On the other hand, in terms of daily ECS banks charge you. He also relatively difficult to track investments. Bharti AXA daily Sip can invest a minimum of Rs 300. On a monthly basis you can invest a minimum of Rs 5,000. Get daily Sip continue long into the hands of every investor does not matter.

Sip small and big dreams:

The person does not have to be rich to invest. Even a common laborer is saving and investing for your future needs. Investing in mutual funds income investor could not therefore, because it was the minimum amount of investment is not their forte. SBI Mutual investors to fund micro Sip introduced under which the investment is Rs 100 per month. SBI Mutual Fund is a minimum fixed term of 5 years. SBI Mutual Fund - Semi-urban and rural areas for its marketing is taking the help of micro-finance institutions and volunteer groups. This little Sip enjoys great popularity in the lower income groups.





Apart from SBI, UTI Mutual Fund, Reliance Mutual Fund, Sahara Mutual Fund, Birla Sun Life Mutual Fund and ICICI Prudential Mutual Fund Micro Sip offer, such amount as small as Rs 50 per month can be invested. On the other hand, general Sip minimum amount of investment is Rs 500.

Flexi Sip:

Flexi Sip investors to change the amount of Sip offers.can be.

In the days of market decline, investors may ask for the maximum specified amount invested. If the investor does not give any indication of Sip per month is equal to the amount invested.

Sip top-up:

HDFC Mutual Fund Saipi offers top-up. Investors who want to invest through Saipi Saipi they are given the option of increasing the installment. Saipi predefined amount of time to grow as a fixed amount. Saipi the top - up Saipi while the amount of information is filled in the form. Accordingly, in the first six months and then Rs 5,000 to Rs 3,000 per month can invest such amount.

'Comments:

- Every moment is auspicious to start Sip

- Set your salary after an opportune time

- Do not redeem Sip nervous deterioration in market

- Wait for a long time, can give you the best advantage

- Remember all market risks in Sip

- Disciplined and regular investing is the vehicle Sip

Insure Sip investment insurance:

With some Sip Asset management companies also provide insurance facilities. ICICI Prudential Asset Management Company, Reliance Capital, Birla Sun Life Mutual Fund etc. Sip with investors - also provide life insurance cover. Reliance upon the untimely death of Sip Insure investor in future installments company fills Sip. When mature Sip nominee gets the money.

Birla Sun Life Mutual Fund under the Century Sip maximum cover of Rs 20 lakh is provided under group insurance. The minimum monthly investment amount is Rs 1,000.

The minimum monthly investment amount is Rs 2,000 and the minimum period of three years.

Indian stock market or global, fluctuation keep coming. Wise investors through its wealth is earned.

More About Derivatives

If you are familiar with the stock market derivatives by the term, then confrontation will happen. But who has not heard the word derivatives, the derivatives exchange or derivatives businesses go about what to do. So let's start by means of derivatives.

The first thing that the derivative is an instrument, but there is no independent value. Indeed, the underlying asset is based on its value. The underlying asset can be anything, for example - the security or securities index (index) or the stock.

It can also be a commodity or bullion or currency. Derivatives transaction is a term which is determined in advance. It can be any kind of deal - Forward, Options, Futures, hybrid, etc.. After a certain period, the deal is related to the actual value of its underlying asset.



There are many kinds of derivatives transaction. Futures is one of them. Futures contracts have a certain standard. They are trading in structured derivatives exchanges.

But the futures price of the same commodity or stock can be different. Futures price of a commodity or stock price reflects its future date.

Derivative market is the market in which the purchase of derivatives - are marketed. Analysts believe that the derivative of the purchase - sale and purchase in the spot market - sales is twice as risky. Will discuss in detail the reasons and types of derivatives in the next issue

What happens when the bank by mistake Czech Disonoured

Sufficient funds in your account, and still may not honor your Czech so it can be caused by many. The most common reason for this may be that the Czech may not match details in your signature bank. If so, then you've Czech and account statement you because it

 is clear. But for some technical reason, if the bank can not honor your Czech is the entire basis of your complaint.

Report it immediately to the bank branch and ask for action. Still does not solve the problem, report to the Bank's regional headquarters. Resolved within a month does not come out of the Banking Ombudsman, the Ombudsman must take refuge. Complaints to the Ombudsman office can be simple on paper.

E-mail through the provision of lodging the complaint. Czech clearance in late position you open this way. Anyone can file a complaint on your behalf. There seems to be no legal fees for complaint.

Your bank may have lost Czech times.

Always Give priority to insurance

Its up to each individual family's financial future is concerned. Solution to this problem is very simple, it is enough life insurance to cover the earning member of the family.

But while buying life insurance and investment insurance should not mix the two together. Expert says that his family is the most accurate measure for the protection of the economic interests buy pure term insurance. Its biggest advantage is that it is quite cheap.

Should not delay the purchase of term insurance, since - as is the policy of the applicant's age, it is - it increases the premiums. As soon as such, should buy term insurance.

Who do not have a good understanding of their needs insurance, life insurance policy provides only through the agents.



Despite the close watch of insurance in the insurance sector regulator IRDA Misseling (giving false information to sell insurance products) events that could not be controlled. The April, 2012 to February, 2013 A look at the life insurance premium collection this year - to - year basis declined by nearly six per cent. The reason for this is Misseling by agents of insurance products.

should take.