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Choosing Health Insurance

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How to choose the Best Health Insurance Policy? Health Insurance is designed to take care of one’s healthcare expenses, in case the person  faces any sort of medical emergency, be it an illness or an accident that has led to hospitalization(Policies generally cover OPD expenses also). The insured either has to pay such expenses out-of-pocket   & is later reimbursed by the insurer or the insurance company settles the  bill directly with the hospital. You should pay heed to following points before choosing a health insurance policy: Pre & Post Hospitalization Coverage: When one falls sick, one usually consults a physician and   gets relevant investigations done for proper diagnosis. The physician may initially prescribe   certain medications. In spite of this treatment, if the condition of the patient does not improve the   physician advises the patient to get hospitalized for further management of the disease. Such   medical expenses incurred before hospitalization

SIP Mantra: Start Early, Invest Regularly, Stay Invested.

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  SIP Mantra: Start Early, Invest Regularly, Stay Invested.

Details On Rajiv Gandhi Equity Savings Scheme

The Finance Minister recently approved the operational features of the Rajiv Gandhi Equity Savings Scheme (RGESS), and I felt it was a surprisingly complicated scheme which really doesn’t offer any great benefit to investors. Who is eligible for RGESS? The intent of this scheme is to bring new people into equities and that means if you have ever bought any shares or traded in derivatives then you are ineligible for the tax benefits under this scheme. They are going to look at new investors on the basis of the PAN number so you are only eligible in this scheme if there have been no prior equity or derivative transactions in the Demat account linked to your PAN number. Your taxable income should also be less than Rs. 10 lakhs in order to be eligible for this scheme. If your taxable income is more than that then you don’t qualify for this scheme. How do you get the tax RGESS benefit? In order to get the tax benefit, you have to invest in one or more of the following: Stocks l

When investing money for a year which is a better option - fixed deposit ,FMPs or MIP ??

Fixed deposits: Better than savings account are the other investment options like bank fixed deposits schemes. One can invest in a FD with varying maturities. If he needs certain amount of money after 1 year, he can invest in for 1 year FD for that much amount and for other amount can have FDs of different maturity. This will help him meet the liquidity needs and also earn interest. He can go for the regular returns options like the quarterly or half-yearly payout options. Else, he can choose interest re-investment option. However, remember that interest income earned in FD and savings account is taxable. FMPs: Fixed Maturity Plans (FMPs) are income/debt schemes giving a fixed return over a period of time. They are actually similar to fixed deposits in banks. The maturities offered were varied, going from one month to three years. They are close ended schemes, which are open only for a fixed period of time during the initial offer. While the money is locked, FM

SCIENCE OF SIP

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What is SIP and how does it work : What is SIP and how does it work: Just like recurring account, in SIP investor commits fix amount on a regular basis. In fact SIP is more convenient and investor friendly than recurring deposit. Investor can start SIP in any of the mutual fund scheme. In this investor can decide a particular day of the month on which he/she wants to make investment. Once day is decided and mentioned in the application form, fixed amount gets debited from the account on that particular day and equivalent numbers of units get allotted to investor based on that day's NAV. Why SIP : Automatic Market Timing & Rupee Cost Averaging: The biggest advantage of SIPis you can time the market automatically, as irrespective

Gold may touch $7,000 per ounce before end of uptrend

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According to Bank of  America Analyst MacNeilCurry, gold prices would need to double in less than a year to show the kind of extreme momentum that would signal the end to the long-term cyclical uptrend. "Until we see price action take some kind of massive speculative blow-off, where prices effectively double in a year or less, I have to maintain a long-term bullish bias." The technical strategist added that gold's price could double in a shorter time frame, and that he was watching momentum most closely for indication of the kind of speculative fluctuations that would signal an end to the secular bull trend. "That says to me, we'll probably see a move in gold, before all is said and done, to between $3,000 to $5,000 (per ounce) and potentially $7,000 per ounce," he said. Using Elliott Wave counts on a logarithmic chart dating back to 1969, Curry's analysis points to a long-term target for gold at $6,081 per ounce. Gold has met an ini