Prajna Capital |
- Income Tax Slab / Rate for FY 2012 - 2013
- Max Bupa Health Assurance
- IRDA Eases Residence Proof Norms for Micro Policies
| Income Tax Slab / Rate for FY 2012 - 2013 Posted: 02 Jan 2013 10:29 PM PST Below are the new income tax slabs for FY 2012-13:
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 )
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| Posted: 02 Jan 2013 07:36 PM PST Max bupa has launched Max Bupa Health assurance to complete its bouquet of Health insurance products. This is a Fixed benefit cover for individual and family. This new product offers 2 covers which includes Critical Illness and Personal Accident along with a feature of Hospital cash benefit which they call as 3rd cover in this plan. Plan Combinations: You can have this policy in any combination of covers. CI or HC or PA or any combination (Within each cover they also have the option of selecting any of the four Sum Assured options. Also you may have a family floater option in case of Hospital cash and Personal accident cover. CI coverage is only available for adults. Different combinations can be (CI, HC, PA, CI+HC+PA, CI+HC, CI+PA, HC+PA)
Age Limits:
The best or different thing in this policy is that they don't have any cover ceasing age. Other Features of Max Bupa health Assurance:Critical illness Policy covers 20 major critical illnesses. Personal accident policy covers Accidental death, Accidental Permanent total disability, and Accidental permanent partial disability. Along with the basic coverage it offers additional benefits like Children education benefit and funeral expenses.
Hospital cash benefit
Waiting periods and exclusions are almost same as of any other Critical Illness, Personal accident or Hospital cash policy. Positives in Max Bupa Health Assurance 1. Coverage is available for life time. Normally Critical Illness and Personal accident policy coverage ceases at 65/75 years of age. 2. The critical illness Policy covers 20 illnesses. Normally CI policies by general or health insurer covers 7-10 critical illnesses. 3. Premium rates are comparable to other insurers. 4. Family floater option is available in all coverages.(except in CI where only adults gets coverage) 5. 3 benefits can be combined in a single plan. Negatives in Max bupa Health insurance 1. The maximum coverage offered in Critical illness is Rs 10 lakh and in Personal accident is Rs 25 lakh. 2. Personal accident plan does not cover Temporary total disability benefit, which is one of the most important features in accidental policies.
Should you buy Max Bupa Health Assurance? This is not a single policy but a combination of different policies which can be taken separately, so one has to be convinced with the Basic plans first and then decide whether to buy from max bupa of some other insurer. Critical Illness is one of the most confusing and though must have cover in specific cases. As it is a onetime claim policy so it is advisable to those who cannot build a medical emergency corpus. Moreover do read the illnesses and medical conditions covered in detail through policy wordings before going for any policy. How much is enough will always be a debatable question. Personal accident cover is no doubt a must have cover, as it covers the disability. But its sum assured advisable should be equal to what you have selected for Life insurance. Also it should cover every aspect of disability like Permanent total, permanent partial and temporary total. Hospital cash benefit is not that attractive benefit…looking at which one should buy a Health insurance plan. This feature is normally provided by health insurance plans offered by Life Insurance companies. But as we always say that first get into a comprehensive medical coverage and then look for these additional features if at all you need. So, overall this Max Bupa Health Assurance plan is no different plan but still can be looked into the suitability depending on case to case basis. 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 )
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| IRDA Eases Residence Proof Norms for Micro Policies Posted: 02 Jan 2013 06:56 PM PST Insurance regulator Irda has decided to relax the requirement of written confirmation from banks as a proof of residence for micro-insurance policy seekers from remote areas. "It has come to our notice that customers in remote areas who have limited access to banking facilities have difficulty in providing such written confirmations from banks, IRDA said in a notification 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 )
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