Thursday, June 23, 2016

Health Suraksha Plan by HDFC ERGO: Everything That You Should Know

finance plans for the health
The HDFC ERGO Insurance Plan Health Suraksha Plan is basically a broad ranged health insurance plan that not only covers your health, but also covers your entire family’s health.

Features of this plan

This plan comes into action when you or anyone else in your family needs to be hospitalized immediately, say in case of critical illness or any sort of severe accident. The expenses are included in both cases, i.e. pre and post hospitalization. Why most of the people like to go for this plan, is because there are no sub limits in case of hospital charges. This is one of the major concerns for the people when they plan to take a health insurance.

Secondly, there are no sub limits in doctors’ fees, room rent and much more.

Benefits of this plan

There are ample health benefits associated with this plan and that too, at a much lesser price when compared to the other health insurance plans. People have the option to choose as per their requirements.

They can either choose individual insurance, or family insurance. The policy term can range from a single year to two years. If you choose the policy for two years, then you can avail more tax benefits.

Coverage provided in this plan:
  • Pre hospitalization expenses (up to 60 days)
  • Post hospitalization expenses ( up to 90 days) after discharge
  • In patient treatment 
  • Domiciliary Treatment
  • Day care procedures for 144 days
  • Treatment expenses for organ donor
  • Ambulance expenses in case of emergency
  • Ayush Expenses
  • Maternity Expenses
  • Cumulative Bonus
  • Medical Check Ups
  • New born baby
Some other important features of this plan:
  • This policy is rapidly available at all the affordable rates
  • To avail additional benefits, one can add premium
  • The policy can be chosen for a single year or for 2 years
  • You can opt to choose either from family floater policy or individual health insurance
  • One can get cumulative bonus for every claim-free year
  • The medical checkup expenses can be reimbursed after you have continuously claimed the policy freely for 4 years
  • The cashless facilities can be chosen from more than 48000 hospitals in India
  • Up to the age of 45 years, no health checkup is required
  • People can avail immense tax benefits under section 80D of income tax department
  • Minimal documents requirement during the claim procedure
  • As described above, there aren’t any sub limits in various things like room rent, doctor
Who should and who can buy this plan?

From the age of 91 days, anyone is applicable for this plan and there is no maximum entry age limit.

The policy can be taken for:
  1. 1 Adult 
  2. 2 Adults 
  3. 2 Adults and 1 child 
  4. 2 Adults and 2 children
Exclusions in this policy and the waiting period

  • For the claim, there is a 30 days waiting period 
  • In case of preexisting conditions, there is a 48 months waiting period
  • For problems such as tumors, tonsils, sinuses, etc. there is a waiting period of 2 years 
  • Intent of crime
  • Breach of Law
  • Armed Conflicts or War
  • Any sort of self-destruction like suicidal attempt or self-caused injuries
  • Diseases such as AIDS/HIV
  • Plastic surgery or cosmetic surgery until and unless it has been performed because of a
  • Preventive measures such as vaccination, immunization
Is it mandatory to go for a health insurance policy?

Medical emergencies are never foreseen and no human being, no matter what his/her age is, is immortal. To avoid the last minute rush or getting the emergency fund or breaking your entire savings, one should always have a health insurance policy as it will definitely protect you and financially aid you during your difficult times.

Is there any sort of tax exemption when going for this policy?

Yes, there is. One can avail up to Rs. 15000 tax benefit under section 80D and in the case of senior citizens, up to Rs. 20000 tax benefit can be availed for HDFC ERGO health Surakshapolicy.

Monday, June 20, 2016

Quick Real Estate Sales: Here's How They're Done

quick real estate sale
Selling your home can take some real time and effort. Especially if you are looking for another property to buy. There’s nothing wrong with a slow sale, but it it is holding you up buying a piece of real estate, then it can get super annoying. It is also frustrating if you are selling the house to get some cash. The money won’t be in your bank account until the sale is complete. So, how do you make sure your property sells quickly? Here are some top tips.

Lower The Asking Price

If you can afford to, you should lower the asking price. Even if your current price is similar to all the other similar homes for sale in your area, it will make a difference to knock off some dollars. People love a bargain, especially when it comes to real estate. And a house that is value for money is guaranteed to sell fast. That’s all because people will want to make it theirs before anyone else snaps it up!

List The Property Online

Don’t just stick a for sale sign up in your front garden. You will only attract passersby that way. To reach a wider audience, you should list the property with a real estate agent. But you can also go one better than this by placing an advert for it online. Web sites such as sell my house will add an ad for your home that includes the asking price, photos, and general information. If you want to increase the audience for the advert, share the link on your social media profiles.

Get All Agreements In Writing

If a potential sale falls through, then there is no chance you will be getting a quick sale. Why do they often fall through? Usually, it’s because the agreements were only verbal. If the buyer thinks they have a seller, they may take their adverts offline and stop home viewings. But then once the sale falls through, they have to start all over again. So to speed things up, get everything agreed to in writing. This way, the buyer can’t go back on their word.

Warn Your Lawyers

Lawyers are another reason why property sales are often slowed down. Because they have a lot of different clients to work with, they might not prioritize all the documents you need. When you are looking for a real estate lawyer, let them know your intentions of a quick sale. That way they will know they need to be quick off the mark. This can work in their favor too – your case won’t drag out, and they can get someone new onto their books once your sale is complete!

Don’t Lie

When potential buyers view your property, don’t make the house sound better than it is. And don’t try to cover up any structural issues. These will only come to light in the survey anyway. Once the buyer finds out about them, they may not want to buy the property anymore. And there won’t be anything you can do about it!

Tuesday, June 14, 2016

The Best Ways To Invest Your Money

options for investing
Life revolves around money, and so any way of getting hold of more of it is always well received here at Finance Ideas 4u! With that in mind, we’ve put together a post on our two most profitable ways of making some additional cash. These are the investment methods that you need to give a shot, today!

Real Estate

With so many reasons to invest in real estate, you’d be silly not to these days. Of course, this is all financially dependent. Naturally, not everyone has the means to spend hundreds of thousands on property. However, if you do, then it is definitely something you should look into. What could be better than shacking up your old job and becoming your own boss by investing in property? Plus, with the crazy amount of money that is out there to be earned, you could end up with a nice pot of money stored away for an early retirement. Nice! There are plenty of different routes you could go down when investing in real estate. Firstly, you may choose to buy-to-renovate a place. Taking something run down, and getting hold of it on the cheap enables you to create a massive profit margin. You could also buy-to-let, if you fancy having a tidy sum of money coming in each month. Or, you could even buy-to-sell on, this is commercial investment, and a tried and tested way to earn serious money. Although it is a big risk! If you start to build up a wide array of properties, then why not use a company such as Froerer to help manage your property portfolio? This will help you keep on top of things!

Stocks & Shares

If you’ve got a great sense of commercial awareness, then you’ll know how valuable certain stocks and shares could prove to be. Investing great sums of money in these will often see your assets increase drastically. Strategic work in the stocks market can net individuals a big return on their original outlay, so why not give it a shot? The best thing about stocks and shares investment is that you can track it all from your phone or tablet. So many apps are being created to help rookie traders like yourself earn some serious cash. You can even create practice accounts to help you get into the swing of things before laying down any real money. This is really valuable as it gives you first-hand experience of trading. You can even track how well your stocks are doing with apps such as this one, here. Not sure where to start? Check out this list of the best stocks to invest in, today.

Ultimately, if you’ve got the cash to burn, then there is nothing better to do with it than make more money from it. This additional income could help you buy a new home, sports car or something even more extravagant. All you need to know is that there is some real money at stake when it comes to investing, and it’s your job to get out there and start earning it! Good luck.

Monday, June 13, 2016

How Does an Injury Affect My Personal Finances?

financial crisis for injury
An injury is awful for a multitude of reasons. Most people think immediately of the pain that’s involved. For example, if you’ve broken your wrist then people will usually think only of the pain you’re experiencing there. They don’t often think about the further implications that come with an injury.

The physical pain isn’t always on the forefront of the mind of the person who has been injured. An injury can carry a massive financial cost. Even one that appears minor or doesn’t need surgery requires quite a lot of funding. And it’s those things that are usually on the mind of someone who has been injured. After all, pain is (usually) temporary. But money you have to spend or otherwise lose isn’t going to come back when the injury goes away!

So what are the biggest financial effects that someone is likely to feel when they’ve had an injury? We’re going to take a look at three of them.

Loss of income

If the injury is bad enough to prevent you from working, then you’re likely going to experience a loss of income. People often forget that about time off from work! They’ll say things to you like “At least you get to spend a few weeks off from work!”. But the reason you work is to get money, and if you’re not working then you don’t get money!

For some people, things work out okay. If it’s a job they can do at home, then they may be able to avoid a lack of pay. But if the injury actually prevents you from doing any work full-stop, then this isn’t an option. Some companies continue to pay employees when they’re off injured, but this is rare.

Legal fees

If the injury was the fault of someone else, then you should be taking legal action. (Unless it was a friend and you don’t want them to suffer financially for it!) If it was caused by an employer’s negligence or by the misbehavior of someone else, then you’re likely entitled to compensation.

The problem for many people is the upfront cost of taking action. It’s true that this can be included in the financial strains brought about by an injury. But these costs aren’t usually as high as people think. And if you work with good personal injury attorneys and stick it out, the compensation will be worth it.

Cost of treatment

This is the most immediate worry for a lot of people. If you’re not insured, then you could be looking at some devastating costs if your injury is serious. If surgery is required, then that is likely to be the biggest expense. Most of the time, an injury doesn’t require such drastic action.

But they often require, at least, visits to physicians and ongoing prescription medicines. These things aren’t free, either!

The best way to offset these costs are to have been insured in the first place. This isn’t possible for everyone, though. If this is a concern, you should look into getting any help you can to pay for medical insurance.