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Claiming Your Health Insurance
Today, health insurance does not only cover hospitalisation benefit but also provides for certain procedures that are completed within a day. Such procedures are called Day Care Procedures and most health insurance policies offer cover for such procedures. This is just one example of the exhaustive benefit suite available with a health insurance policy and there are many other benefits apart from the core feature of hospilisation benefit that covers the medical treatment costs in case a policyholder is hospitalised for a period of more than 24 hours. Thus, it is highly imperative for a policyholder to know what is covered inthe policy he has bought and how he can ensure that the claim is...more
Financial Planning Lessons from Tanu Weds Manu Returns
Six things that the Bollywood blockbuster teaches you about managing money - By Hiral Thanawala Sequels hardly ever work in India. However, Tanu Weds Manu Returns (TWMR), a fairly low budget film and sans big name stars has broken several box office records with collections exceeding Rs 150 crore according to some estimates. In Short, the film is about the disintegrating marriage of the UK-based physician Manu (R Madhavan) and Tanu (Kangana Ranaut), his fluttering-butterfly wife. Like several marriages, this too begins to suffer the consequences of the two partners failing to ‘reinvest’ in the relationship from time to time....more
54EC Bonds: Use These Optimally
One of the ways of saving tax on long-term capital gains is by investing in the bonds issued by NHAI or REC. This deduction is under Sec. 54EC of the Income Tax Act. The maximum limit for such investment in any financial year is Rs 50 lakh. Since the main function of these bonds is the tax deduction, the interest rate on offer is a modest 6% p.a. It is on account of this low interest rate that many investors opt to pay the entire amount of tax and invest the balance in shares or quality equity funds. Their reasoning...more
Election-budget-expectations-2019-20
It is the time of the year when expectations are building that the routine vote on account may turn out to be as eventful as a regular budget. The Narendra Modi led NDA government is likely to opt for a non-routine exercise and roll out measures that may be rewarded by the electorate. The government may make a few announcements in order to please rural voters and the urban middle class, who have many hopes on this budget. It is important to remember that government’s commitment to fiscal prudence does not give it a significant room for pursuing an expansionary...more
Education Loan
If you’re a student looking for the education loan to fund your higher studies, don’t just compare the interest rates banks are offering but repayment options, collateral and a host of other factors as well By Sunil Kumar Singh Ten years back, education loan was considered nothing short of a bit of luxury which a few could afford. Today, lakhs of Indian students are studying not only in premier institutions within the country but in the ivy league institutions in the US and other countries with the help of the education loan. What was considered a privilege for the chosen...more
