ROTI , KAPDA AUR HEALTH INSURANCE

Illness is a part of the city lifestyle, with high levels of stress or old age its inevitable. To decrease ones financial burden at the time of emotional ordeal we at Presha Investments recommend Health Insurance.

Health insurance, also known as mediclaim, has become a modern day necessity. However, we have found that in the recent past, many policyholders have seen their claims being denied by insurance companies for one reason or another. Here are some tips on how to maximise on your policy.

Read Your Proposal Carefully

Some time insurance agents hide certain facts so that the proposal is accepted .We don’t advise to lie but incase you have a policy based on some unspoken facts please make sure they don’t turn against you.

Original bills

Most insurance companies ask for original bills to be submitted while filing for a claim. So, maintaining a record of all the original bills that are generated during the course of hospitalisation is very important with the prescription

Filing the claim

Filing the claim as soon as possible is of utmost importance. In case of most insurance policies, the claim has to be filed within 60 days of hospitalisation. Waiting beyond that can create problems with the insurer dilly-dallying on the payments.

Post-hospitalisation benefits

These benefits are essentially for the treatment required after the individual is out of the hospital.

Please note that these are the base guidelines and may differ from one insurance company to other and also from policy to policy. Always make sure you have a good insurance agent to guide you through this difficult time.

The NRI Dilemma

With Dollar Rates coming down its time to revisit investment
portfolio of the NRI Investor.

The NRI investor needs to answer a few questions first

1. What is the need?
2. Which country should I invest in?
3. The Rupee v/s Dollar factor

For NRI's planning to settle abroad

Your need is to settle abroad look mostly at the earnings in
dollar terms .So on one hand you might gain from indian
markets on the other you might take a beating in the
currency valuation.

Physical assets demand more local approach so an NRI
should focus on building physical assets at the point of
residence as these assets demand some level of
maintenance, unless you have someone to take care of these
assets in the country you are buying them in.

As mentioned above your earnings might get eroded in case
you are not able to factor the Rupee v/s dollar factor.

For NRI's planning to settle in India

Well the answer is simple for this set of investor .Invest as
much as possible in India keeping teh investment window in
mind.

You might invest using a higher dollar rate but since you are
not converting back to dollar, the earnings from the
investments made will take care of it in medium to long
term.


Party Pooper

Where is the Indian Rupee Headed? A cautious view would
be a gradual decline, in the range of 3 - 5 % every year. We
must remember that India still runs a hefty fiscal deficit and
relies on imported crude oil.

In a Nutshell:

NRI's planning to settle in India should invest as much as possible in India
and those planning to settle abroad should take the
currency factor in to account

Happy Investing