WE LISTEN YOU PROSPER WITH GOOD FINANCIAL ADVICE @ MONEYMINDZ

MoneyMindz.com India’s First Free Online Financial Advisors

India is a nation consisting of people from the poor/middle class and hence will be careful in spending their hard earned money. Simply earning is not good enough; you must also know to effectively channelize your savings in a logical fashion.  

Financial Advisors @ Moneymindz is unique, as it is India’s top financial advisory company assisting people of India in offering financial freedom and advisory mobile applications. Moneymindz is India’s largest financial search engine offering free advices. Many people have been educated @ Moneymindz, regarding financial concepts and financial products under one roof.

An unbelievable financial advice can make a vast difference in your life. Pick up your mobile and give a missed call at 022-62116588.

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WAYS AND MEANS AN INSURANCE AGENT CAN MISLEAD YOU

 

MoneyMindz.com India’s First Free Online Financial Advisors

Insurance is the major component of any financial market. Everybody likes to make quick money. Hence, insurance agents, having greed for incentives, will try to get more customers at any cost.

Ways  A Good Insurance Advisor Can Mislead You:

Some of the ways in which a good insurance advisor can mislead you are as follows:

Insurance Policy Do Not Match:  You will call the insurance company and person visits your house. You will take up policy, after being mesmerised by the advisor. Later you feel that policies do not match your requirement, and can be very disgusting at times. You will become a victim of Mis-selling.

Hiding Facts: The insurance agent, like to hide negative aspect of the insurance. This will put the customer in a fix and will not get full info on insurance.

I have an Insurance, Hence I’m Safe:

Many people in India think that, since I am having the insurance, I am safe. However, that is not the situation, because various insurance is available for various situations. Hence as a smart customer you must be alert, and choose your insurance smartly.

Sweet Thieves: Insurance companies, where the agents are working will have a bad reputation. At this juncture, company forces the agents to sell products/services using various tricks in the books.

Misleading Advertisements:  You should be on guard against bad advertisements/pamphlets and banner ads. Bad advertisements can destroy reputation of the company, your work.

Bogus Company: Company, where the insurance agent belongs will not be present in India. They will try to attract the customer with extra- customer service. Fraud deals can happen at any situations.

Fake Agents: Most of the agents are very corrupt and will pull up customer’s database and sell the insurance policies. The agents will not have proper license to even take up the position of Insurance advisor.

Super Commissions:   To get extra commission, insurance agent takes multiple applications from a single person. You will have serious problem looking and analysing statements of the policies and will get confused.

Hence you can give us a missed call at 022-62116588 and we will guide you

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TAKE UP GOOD EDUCATIONAL LOANS AT MONEYMINDZ

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Education makes a nation strong and more than 90% of Indians are literate. Demand for skilled/educated people for any executive position and beyond has increased and nothing better than quality education. Moneymindz.com is India’s largest financial search engine offering guidance in giving the education loans.

Vitality Of Educational Loans:

A good education loan is the need of the hour in India. Students, not able to pay for higher end courses can get the loans from various banks like State Bank Of India, Indian Bank, Bank Of Baroda, Corporation Bank, Vysya Bank, HDFC Bank, Punjab And Sindh Bank, Andhra Bank, Syndicate Bank, IDBI, ICICI Bank, Bank Of India and other financial institutions in India. Moneymindz is assisting the students in India, to get quality educational loans, without any hassles.

Document Required In Detail For Taking Up Educational Loans in India:

You need the complete documents for taking up the educational loan like:

• Driving License.

• PAN Card.

• Passport

• Bank Account Statement.

• Latest Electricity Bills.

• Latest Mobile Bills.

• House Rental Agreement.

• Copy of Admission letter of the college/universities.

• Xerox of Mark Sheets of SSLC, PUC and Degree Courses.

Conditions To Be Full-filled While Taking Up Education Loan

Some of the conditions to be full filled while taking up educational loans are:

• Must be a citizen of India

• Copy of admission letter

• Must be a recognized course from recognized university

• Expenses for the course

• 4 Passport size photographs

• Statement of bank account for last six months

• Details of expense of the courses

Duration To Complete Educational Loans:

Maximum tenure to complete educational loans is given below:

Loans up to 8 Lakhs—–Repayment will be up to 10 Years

Loans above 8 Lakhs—- Repayment will be up to 15 Years

Why Choose The Educational Loans In India?

Education is the ideal foundation to have a complete and successful life. Reason behind choosing the successful educational loans in India would be:

Expensive Education:  Cost of education has increased considerably. Due to inflation cost of your son/daughter’s education is challenging to bear. Good education loan helps in overcoming any hurdles.

Easily Available:  Most of the education loans are easily available in India. All public sector banks are offering education loans in India. Your ability to repay will also be taken into consideration.

Advantages of

Good Educational Loans In India:

Some of the advantages of a good educational loan in India are as follows:

• Anybody having burning desire to study can apply for educational loan

• Females, and disabled persons are offered concessions in educational loans

• Loan amount will vary from approx 10 Lakhs to the maximum 20 Lakhs

• Loans below 4 Lakhs does not require the role of guarantor

• Loans above 7 lakhs will require security

• Educational loans are offered to people, willing to take up academic courses in India and foreign nations.

• Government is sponsoring their unique scheme “Central Scheme Interest Subsidy”, to assist economically backward sections

• Applicant can repay loan after studies, and locking period is approx 5 or 7 years.

• Students taking up educational loan will understand value of money.

• Student will develop excellent credit history, if he/she repays loan on time.

So, indirectly one can have a good financial planning, if one is able to clear a education loan on time.

A missed call will do on the number 022—62116588 / 08049202111 and Moneymindz financial experts will call you immediately.

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AWESOME WORLD OF INITIAL PUBLIC OFFERING (IPO)

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Process of offering the shares/stocks to the people of India is     known as IPO. A unique situation, in which owner of a firm, will offer the ownership to its shareholders.

Who Can Offer The IPO:

Any company cannot offer the IPO. Only some companies in India are following the requirements as per SEBI (Securities And Exchange Board Of India) and companies act can issue the IPO. Some of the conditions are as follows:

• Good track record of the distributable profits for three years.

• Company is having a net-worth of approx 1 Crores in the last 3 years.

• Company and its associate must clear The SEBI guidelines.

• You must have distributable profit for at-least three years.

• Net tangible assets must be INR 3 Crores for the next three years

• You must obtain grading of the IPO from one or more credit rating agencies.

• Make sure that the paid up equity shares of the companies has been full paid.

• Company must have a website

• Post paid up capital of the firm must be at least INR 5 Crores.

Advantages of IPO in India:

Some of the advantages of the IPO in India are given below as follows:

• Access to the evergreen capital markets in India.

• Helps the small business founders and capitalists with the chance to take out early investment.

• Helps the business house to have good public awareness.

• Company gets recognized and can go for mergers and new acquisitions.

• Encourages company to be transparent on various issues, by showing all information in the newspapers across India.

• Helps the company, big/small to have good relationship with customers, suppliers and lenders, to enhance the credibility.

• Assists companies to have very good/energetic incentive packages for the employees and the management.

• Public can assess the growth and development of the individual.

DISADVANTAGES OF GOING PUBLIC WITH THE IPO (INITIAL PUBLIC OFFERING)
Some of the negative points, relating to the IPO are mentioned below as follows:

• Launching an IPO is said to be very expensive.

• Company will lose all critical information and hence lose control over its resources.

• Working style of the firm and business tactics will come to the fore.

• Shareholders will ask for a major share in the company business. Refusing to do it lead to takeovers.

• The Company loses its flexibility and management will become weak.

• Marketing strategy and cost will be very heavy on small and average enterprises.

How Initial Public Offering (IPO)Works:

IPO is a very challenging process and procedure is mentioned below as follow:

• Companies hire an investment bank to do underwriting, a way of raising money, using debt or equity.

• Underwriters acts as mediators between the public and companies.

• Company and Investment bank will negotiate regarding security issues and other management related issues.

• After finalizing the deal, investment bank set up registration statement, submitting the details to the Securities and Exchange Commission (SEC).

• Registration details consist of company details like core policies, management, financial statements, vision, mission, core issues.

• Securities and Exchange Commission takes some time to study documents and examine all the documents.

• After the approval, a date is finalized in which, company will offer the stock to the public.

• People get appointed like the underwriters, who get commission of 2.5% on underwritten amount.

• Registers process the application form calculate amount and initiate allotment process.

• An experienced member of the Stock Exchange is appointed as brokers for marketing purpose. They receive max brokerage charge of 1.5%.

• Company appoint lawyers to make sure all regulations are complied with.

• A draft prospectus is created giving info about the company, founders, partners, terms and conditions, modes of financing, profit and loss statements and others.

• Senior Manager verifies claims and details are filed with SEBI.

• Prospectus along with the copies of the agreement entered into with underwriter, lawyer, managers, registrars and brokers is filed with the register of companies, where the firm is located.

• Application form and prospectus are circulated to CEO, MD, Board of Directors, Bankers, Underwriters, and Brokers as well.

Companies in India, big or small, would like to go in for the Initial Public Offering (IPO).

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WONDERFUL TIPS TO GRAB A GOOD STOCK IN INDIA

MoneyMindz.com India’s First Free Online Financial Advisors

You will not like to work in a company for your entire life. Trust me, after some years you will feel like controlling your finances by establishing your business. Nothing better than Stocks, will give you a clear picture of the business in India.

Stock : A unique kind of security / share of an organization that is held by a person or a group is known as the Stock.

Kinds of Stocks:

There are two kinds of stocks, that are available in India namely the

Common Stock: A unique kind of stock,that encourages the owner to vote at meeting of the shareholders, and receive the dividends is known as the Common Stock.

Preferred  Stock:  A unique kind of stock, encouraging the shareholder to a fixed amount of dividend, where payment takes over other share of the dividends is known as the Preferred Stock.

Major Things To Know Before You Go In For Stocks:

Some of the criterions to be followed before one goes ahead and purchases the stocks are as follows:

• You must have a proper Pan Card.

• You must be an Indian Citizen.

• One must apply for a Demat Account.

• You must check for the way stock prices are set.

• One must buy shares when cost is low, and sell the share, at the time when cost is very high.

• You must understand the bidding in stock market and check for the actual prices of shares.

• Be careful relating to the trading scams/fraudulent activities.

• Must do technical analysis like doing deep study of charts, bar graphs, index graphs and pie charts in a logical fashion.

• Do not make huge investments.

• Choose the correct stock market broker.

• Select the share, that has profit in the coming years.

Most of the investors are sticking to the traditional companies offering good stocks/shares in the financial markets.

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CRUCIAL INFO YOU NEED TO KNOW ABOUT TRADING ACCOUNT

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Various types of account are present in India and trading account is said to be one of them. Account prepared to determine the gross profit/gross loss of a business enterprise is known as the trading account.

Need For Trading Account:

Trading account is fast creating waves in the ever changing financial market in India. Growth of small and big business has led to the increasing need for the trading accounts in India. Some of the major reasons would be as follows:

• Gross Profit is major factor and must meet the expense of the company.

• Helps in obtaining the amount of net sales of a company.

• Gross profit from the net sales can be utilized from the trading accounts.

• Percentage of gross profits on net sales could be easily ascertained from trading accounts.

• Stock turnover ratio can be easily ascertained by trading account.

Major Advantages Of Trading Account:

Some of the advantages of trading accounts are as follows:

• Shows relationship between gross profit and gross sales to measure profit.

• Helps to show ratio between the goods sold and gross profits.

• Helps to avoid direct expenses, and takes the expenses dealing with making products.

• Helps you to analyse new platforms and understand your trade/markets.

• Gives details about various trading activities in the markets.

• Details about the over-stocking/under-stocking can be known in order to act in a rational manner.

• Progress can be analysed relating to gross profit ration, year after year.

• Excellent stock turnover ratio can be determined from trading account.

Disadvantages of Trading Account:

Trading account is the major factor of our economy and some of the negative points are:

• You require huge brokerage charges in setting up the trading account.

• Loss one incurs will be a huge one and difficult to come back.

• Less control on your investment.

• Less knowhow, resources and the lack of professional knowledge can hamper your investments.

• Markets are very unpredictable and hence experienced traders will find themselves in troubled waters.

Hence I would recommend everybody to have the complete financial knowledge on their fingertips, before venturing into trading account.

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THINGS YOU NEED TO KNOW ABOUT DEMAT ACCOUNT

MoneyMindz.com India’s First Free Online Financial Advisors

Managing large amount of money, by the large companies and government is known as finance. Various kinds of account are present in the financial market and Demat account is the major one.

What Is Demat Account?

A unique kind of deposit where in one can store and maintain investors details in an electronic format are known as the Demat Account.

India is having depositories like the NSDL (National Securities Depository Limited) and CSDL (Central Depository Services Limited) to have proper transfer of the securities.

Need For Demat Account:

Opening the Demat account is the major component of the online trading. After recession in 2009, Indian economy is having an upward movement to a great extent. Income of the people, standard of living of the people has increased considerably. Due to high salaries, people like to venture into the stock and share markets. Demat account is a unique form where in, investment can be handled by small investors in a logical manner.

How to Open A Demat Account:

In order to open a Demat Account, you must follow certain steps given below as follows:

• You need to get in-touch with the registered Depository Participant.

• Please fill up the account opening form.

• Submit all the relevant documents with 4 passport size photographs.

• Carry the original documents for verification.

• One must pay some annual maintenance fees for maintaining the account.

• You can open the Demat account with limited balance of the shares.

• You need not have any balance in your account to open a Demat Account

Why Demat Account With Banks?

A good Demat account can be opened with various banks in India and features will be:

• Low Fees.

• Email Statement.

• Accessing Demat Accounts through mobiles and internet.

• Valuation of Account Statements.

• Online Execution of Various Transactions.

• Free charges for any transactions done.

• Free alerts on your mobiles phone through SMS.

Various Documents Required For Opening A Demat Account:

Various documents are required to open a Demat account and they are:

Proof Of Identity:  Various documents are required for opening Demat Account. Documents like the PAN card, Passport, Driver’s License, Income Tax Returns, Mobile and telephone bills and the ID card where one works, whether government and private establishments are working must be produced.

Address Proof:  You would require various kinds of address like the Voter ID, Ration Card, Bank Passbooks/Statements, Xerox copies of electricity bills; House rental agreements must be deposited.

Components Of The Demat Accounts:

Some of the major components of Demat Accounts are as follows:

• Investors

• Depository

• NSDL (National Securities Depository Ltd)

• CDSIL (Central Depository Of Security India Limited)

• Depository Participant

• Issuing Company

Benefits of Demat Accounts in India:

Some of the benefits of Demat Accounts in India are given below as follows:

• Easy and Convenient.

• Transfer of Securities is very easy.

• No stamp duty involved in the transfer of securities.

• Zero restrictions on various transactions.

• You will receive bonus share and it gets divided automatically.

• Ideal for gold exchange traded fund, mutual fund, shares, and debentures as well.

• Good for people to keep track of their investments.

• Reduces the cost.

• Interest on loans against Demat shares are lesser compared to physical shares.

• Reduces the risk of the bad deliveries.

Disadvantages of Demat Accounts In India:

Some of the major disadvantages of the Demat Accounts in India are as follows:

• You need to be expert in various financial products.

• Trading in securities will become uncontrolled.

• Investors will find the process too complicated, creating great fear of investment.

• You need to be too sharp to monitor market fluctuations and make sure that trading does not affect investors.

• Various rules/acts need to be adhered to in using Demat Accounts like the Depository Acts, Regulations Acts and others.

So, one can say that Demat Account are fast picking up in India and people are slowly getting interested in this form of account.

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COME TO MONEYMINDZ AND LEARN ABOUT MUTUAL FUNDS

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Imagine you are an investor and would like to invest your hard earned money. You are confused with various options around you. You do not know, where to invest, where to channelize your hard earned money.

Big problem isn’t it? However not to worry we, at Moneymindz will offer you one stop solution to your financial worry. Mutual fund is the best bet among various financial products that are available in India.

What are Mutual Funds?

A unique investment tool consisting of the funds collected from various investors and used in investing in stocks, shares, bond, money markets tools and other related assets is known as the Mutual Fund. A good mutual fund is structured in order to have a good investment in India.

Guidelines To Choose Best Mutual Funds In India

Various mutual fund companies are set up in India and the guidelines to select best mutual fund companies in India are:

Good Performance:  You must select the right mutual fund company, by looking at its performance over last 5 years. SENSEX and NIFTY will be the yard stick of measuring performance.

• If the mutual funds are giving huge returns compared to target set, then it has performed well
• If the mutual funds are on par with the SENSEX/NIFTY, then it is neutral performance
• If the performance is below the SENSEX/NIFTY, then it has performed very badly

Read Scheme Document: One must be very alert and read the complete scheme related document, before making investment in Mutual Fund.

AUM(Assets Under Management)

The total market value of the assets, used by the financial establishment, on behalf of investors is known as the AUM. Assets under Management do rise and fall depending upon market scenarios.

Ranking By CRISIL (Credit Rating Information Service Of India Limited)

CRISIL, an agency established in India in 1987, headquartered in Mumbai, is very good in financial advisory/analytical services to various banking and credit companies in India. Ranking by CRISIL is vital and ranking starts from 1 to 5. Ranks 1, 2 and 3 are the best ranks for investment.

Long Term Growth:   One must invest in mutual funds having long term growth. Otherwise returns will be very bad.

Benefits of Mutual Funds:

The major benefits of the mutual funds are given below as follows:

Professional Expertise: A good mutual fund service, in India will be assisted by a professional expert. You need to study all dynamics of the market, and study research patterns in India.

Diversification: You need to have great variety in dealing with the mutual funds in India. One can go ahead and invest in various kinds of mutual funds. Debt market in India is not good and do not have good returns. One could invest in Gold, Real estate and securities in India to have finest diversification.

Risk Reduction: Mutual fund is the ideal one in       removing overhaul risks. Mutual fund has some investment goals, and do play a vital role in mitigating risks.

Convenient Option: A good mutual fund is an easy process and a very convenient option in India. Investors can invest in mutual funds based on their investments.

Low Cost:  A mutual fund is very cheap and do not require huge amount to be invested. One can begin a systematic investment plan with INR 300 and still reap rich benefits.

Awesome Tax Benefits: A good mutual fund will have long term tax benefits in India. After investing in low risk products like cash/liquid funds, you will receive good returns.

More Vital Info On Mutual Funds In India

Interesting information is available relating to the mutual fund like:

• Mutual funds are ideal for any person with minimum knowledge of financial markets.

• Net Asset Value (NAV) is the market value of securities held by scheme under mutual fund.

• Price an investor pays for investment and becomes a major part of profit/loss calculation is known as Purchase Price.

• Price or NAV (Net Asset Value) in which issuing firm will purchase security/units before the maturity date is known as Redemption Price.

• A fee charged by mutual fund, if investor likes to withdraw the investment within specific period is known as Exit Load.

• Scheme related document and statement of additional information is vital to investors and gives insight into companies past performance and policies in particular.

• The NAV (Net Asset Value) is declared in evening on or before 9 PM IST.

• One can download application form from the website, or approach the bank.

• Present Value of Investment (POV) is the current value of a sum of money going to be invested in future with a specific rate of return.

• You will receive account statements immediately through email/courier, the moment you register with any mutual fund firm.

BENEFITS OF SYSTEMATIC INVESTMENT PLAN (SIP)

The advantages of the Systematic Investment Plan are as follows:

• Lowers risk factor and hence investor can do a comeback.

• Can be launched with small amount of money.

• Helps in achieving long term financial goals.

• Encourages regular investment among people in India.

Invest wisely with us. Please give us a missed call at

022-62116588 / 08049202111

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LEAVE YOUR FINANCIAL WORRY WITH US—COME TO MONEY MINDZ AND SECURE YOUR FUTURE

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Money is the component used in order to purchase various products under the sun. Imagine a life without money, very disgusting. It is rightly said by one scholar that “When You Have Money, You Will Forget Who You Are, When You Do Not Have Money, People Will Forget Who You Are”.  So please do come to Moneymindz, to give value for your money.  Do not be like, Mr. Vineet, who invested his hard earned money, without proper verification.

Various Financial Products Handled By Moneymindz:

Various financial products are handled by Moneymindz. Some of them are given below as follows:

Investment: A unique asset purchased with the opinion that asset will provide income to the customer in the future is known as investments. It revolves around the principle of obtaining additional profit/income.

Some of the interesting investment products offered by Moneymindz are given below as follows:

MUTUAL FUNDS:  Process of pooling the money from various investors, willing to deposit and save money is mutual funds. Two types of Mutual Funds are:

Open Ended Mutual Funds:  Play a major role in allowing the investors to buy/sell products at anytime. Furthermore, it does not have fixed maturity rates.

Debt/Income: A major concept of the investment is used to purchase the government securities, debentures, instruments like bonds, certificates, mortgages and certificates.

Sectoral Funds: Fund used in various segment like the IT, Fisheries, Engineering, Oil and Gas, Steel, is known as the Sectoral funds. It has got higher returns.

Money Market/Liquid: Most of the investors will make full use of extra funds to have a higher/better investment options.

Growth/Equity: Equities are the major category of the mutual funds. Most of the investors, will expect capital growth/development in long process.

Close Ended Mutual Funds: These kinds of mutual fund has got good maturity period. It is also known by New Fund Offer (NFO).

Capital Protection:  Primary objective is to protect your main amount, while trying to deliver good returns.

Fixed Maturity Plans (FMP) : These are mutual funds with definite maturity period and deal with instruments, falling in line with schemes.

LIFE INSURANCE:  

A unique contract in which the person will sign the contract with the insurance company to protect his/her life in exchange of premium is known as the life insurance.

Types of Life Insurance:

Some of the types of life insurance are as follows:

Term Life Insurance: A unique life insurance product given by insurance companies offering financial coverage to the policyholder.

Whole Life Policy: Policyholder            pays the regular premium, till his/her death. Later the benefits are paid to his family members/relatives.

Endowment Plans: Under this scheme, the returns will be given to the policyholder during the survival/death as well.

ULIP (Unit Linked Insurance Plans): Under this plan, the sum assured will be paid, during the death of the policyholder, or when plan reaches the maturity stage.

Money Back Policy: A Unique life insurance product, where in you get payments periodically. If policyholder survives, the full term, he/she will receive amount. If policyholder dies, beneficiary will get the benefits.

REAL ESTATE:

The property consisting of various houses, buildings, flats, row houses, uncultivated flora and fauna is known as the Real Estate.

Examples of Real Estate:

• Sites

• House

• Flat

• Apartments

• Rowhouses

Kinds of Real Estate:

Various kinds of the real estate are available in Bangalore. Some of the types of real estate are as follows:

Residential Real Estate: A unique land area used in making the houses, apartments, flats, condominiums, row houses, Dupleix and others. We offer detailed knowledge, spirit of enterprises, understanding local markets, access to lower and higher end residential projects in India.

Industrial Real Estate:  Under this scenario, the properties will be used for industrial purposes. Sounds simple, but it is huge and deals with small medium and the large scale industries in India. Most of them will consist of office and warehouse spaces.

Invest wisely with us. Please give us a missed call at

022-62116588 / 08049202111

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HEALTH INSURANCE—BE A SMART INVESTOR USING MONEYMINDZ

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About Health Insurance:

A unique kind of insurance, covering various mode of treatment like the surgical, medical expenses, doctor appointments, emergency room visits, normal room visits and other kind of medications are known as the Health Insurance.

Requirement of Health Insurance:

Health Insurance is the need of the hour. Cost of essential treatment has been increasing over the years. One disease can wipe out your savings, so the health insurance is the ultimate key. Most of the people living in India belong to the middle class and hence cannot afford very expensive rates.  

Advantages of Health Insurance:

Health Insurance is the major plan for protecting your interest and promotes the welfare of the family. Some of the positive aspects of the health insurance are as follows:

Peace of Mind:  A good health insurance offers you a complete peace of mind. You need not worry about the cost of medical expenses.

Pre-hospitalization:  A unique facility, in which health insurance covers charges, which a patient incurs 30 days before being admitted to hospital. In certain cases, it can be increased to 60 days as well.

Tax Benefits: A perfect health plan play a major role in getting good tax benefits under Section 80D and 80DD. It is a boon to the middle class in India.

Coverage of Critical Illness: Most of the health insurance offers coverage against critical illness like Heat attack, Cancer, Paralysis, Kidney Stone, Tuberculosis, Bypass surgery, Oran transplant like liver, kidney, lungs, pancreas, heart and others.

Cashless Facility: Core advantage of health insurance, where in one gets admitted to network hospital. You can avail various benefits and the health insurance company, will work closely with hospital and pay bill on your behalf.

Very flexible Payment Options:  There are various flexible payment options available like payment by credit/debit card, cheque payment, Electronic Fund Transfer (EFT), to make the payment.

Portability of Insurance:  A unique facility in which policyholder, can shift health insurance of one company to another company with various benefits.

Emergency Hospitalization: When you are admitted to hospital, for emergency reasons, the 30 day waiting period will not come into picture.

Factors Affecting Health Insurance Premiums:

Some of the factors affecting health insurance premiums are as follows:

Age:  Major factor affecting the health insurance facility is the age. As you get older, premium cost will be higher, as you will be exposed to various diseases.

Intake of Injurious Substances:  Most of the insurance companies in India increase premium of people smoking and chewing tobacco as well.

Gender: Women are prone to more diseases than men and hence premium rates would increase. They would visit doctor, take the prescriptions for various diseases.

Location:  Area you stay also decides, amount of premium to be paid.  People in hilly, coastal regions and regions with unstable climates encouraged insurance companies to charge higher premium rates.

Disadvantages of Health Insurance:

Pre-Existing Diseases:  Some of the pre-existing diseases like Diabetes, Polio, Asthma, Thyroid, Hypertension, Thalassemia, Pulmonary diseases, Anxiety, Arthritis, Autism, Breast Cancer, Cerebral Palsy, cholesterol and host of other diseases are not covered by health insurance in India.

Very Expensive:  Health Insurance in India is very expensive and outside the reach of the common man.

Do not Cover All Expenses:  Most of the health insurance in India does not cover all medical expenses. Pre-natal, Delivery expenses, Nervous disorder, AIDS (Acquired Immune Deficiency Syndrome) Eye-checkups, Suicide related hospitalizations, Mental diseases, Drug addictions, congenial illness, Alcohol related diseases and others.

No Need For Insurance:  In some situations, no requirement for the family to take health insurance. All of them are in good health and hence taking insurance does not pay any dividends.

Complex Products: People in India purchase health insurance products, without any knowledge. Some of health products are not useful to the policyholder, and hence company will earn profit at cost of policyholder in India.

To take up health insurance give a missed call at 022-62116588.

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