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Change Ur Debit/Credit Card

WHY YOU MUST CHANGE YOUR DEBIT AND CREDIT CARDS BY DECEMBER 31 HIGHLIGHTS Old debit and credit cards need to be replaced by December 31 Cards are to be replaced free of cost by banks New debit and credit cards have encrypted chip making it more secure Banks are sending messages to every account holder asking them to upgrade their debit and credit cards. You too must have got one such message. But there are chances that you might have ignored the message taking it for a spam. Check the message once again, it is not a spam. This one is a useful message from the bank you have deposited your money with. Now, you need to replace your existing debit and credit cards with new ones, if you have not already done. But why do you need to take such a pain and replace the debit and credit cards? Legally speaking, the Reserve Bank of India (RBI) has directed the banks to do so. The older debit and credit cards will become useless after December 31. Banks have to follow the directions of the RBI. This directive from the RBI was necessitated in order protect you from some unscrupulous online predator. Your money must be secured with the banks. It is their responsibility. Debit and credit card piracy has been a major issue, as has been found in online banking fraud cases. The new chip-based cards have been prescribed to keep your money and transaction safe. Read more at www.starhealthdevarajan.com/news/599 for Insurance related services U can always call us at 9840177017 Devarajan https://www.facebook.com/mediclaimagent/ https://groups.google.com/forum/#!forum/mediclaimpolicyforall https://business.google.com/posts/l/00889445154232854974 https://www.blogger.com/u/1/blogger.g?blogID=6179272565815983646#allposts

Retirement Planning

WHY YOU MUST PREPARE FOR YOUR RETIREMENT NOW You hate it or you like it but retirement is not optional. You may choose not to study engineering, you may choose not to go on a particular vacation, you may also avoid going to a relative’s wedding, but you cannot avoid retirement. Keeping aside rare exceptions, almost all of us retire at some point in time if we live long enough. Here are some reasons why your retirement planning must begin now. Inflation After you know that retirement is inevitable if you live long enough, you should be worried about the next almost inevitable thing in countries like India – inflation. Most financial planners presume that the prices will go up by 6% each year over long-term. In other words, if your monthly household expenditure is Rs 50,000 today, you will need Rs 2.87 lakh to enjoy the same lifestyle after 30 years. Everything you want to do when you retire will be priced accordingly. Healthcare costs will be priced even steeper. “Life expectancy of human beings has gone up and it is expected to improve. That means longer retired life for each one of us and it translates into larger retirement corpus required,” points out Tanwir Alam, founder and CEO of Fincart.com. To ensure that you will get what you aspire for, you should start funding it now. Read more at www.starhealthdevarajan.com/news/600 for Insurance Related services U can always call 98401 77017 Devarajan. www.licdevarajan.com

LIC Jeevan Shanti

Jeevan Shanti New Lic Policy

LIC LAUNCHES NEW PRODUCT 'JEEVAN SHANTI’ LIC Chairman Shri V.K Sharma today formally launched a new plan, ‘LIC’s Jeevan Shanti’. LIC’s Jeevan Shanti Plan is a non-linked, non-participating, single premium annuity plan wherein the policyholder has an option to choose an Immediate Annuity or Deferred Annuity. The Deferment period can range from 1 -20 years The joint life annuity option can be exercised with any lineal descendant/ascendant of a family (i.e. Grandparent, Parent, Children, Grandchildren) or spouse or siblings as secondary life. If the Proposer has a handicapped dependant (Divyangjan), the plan can be purchased for the benefit of Divyangjan as nominee or as a Second Annuitant under the Immediate Annuity option. All the annuity options under Immediate Annuity shall be available to NPS subscriber. The NPS subscribers include government employees, private companies and also those who have subscribed to NPS lite. The annuity rates are guaranteed at the inception of the policy for both Immediate and Deferred Annuity. Accrued Guaranteed Additions: Under Deferred Annuity, Guaranteed Additions shall accrue at the end of each policy month, till the end of Deferment Period only. Under both Immediate Annuity and Deferred Annuity policies, where purchase price is high, incentive by way of increase in the tabular annuity rate will be given to the annuitant. Death claim proceeds, wherever payable, can be claimed as one lump sum, installments or in annuity form. The policy also provides liquidity as there is provision for loan and surrender as well for annuity options with Death Benefit.

Things to observe while getting Health Insurance

IMPORTANT CLAUSES YOU SHOULD READ WHEN BUYING A HEALTH INSURANCE POLICY Many of us buy health insurance policy only to save tax and often fail to update ourselves on the various features of the plan being purchased. Choosing a health policy for you and your family is a serious decision and it requires you to be fully aware of the policy and its benefits. Here are few important features you should know before buying a health policy: -- Deductibles: It is the amount of money customers will have to pay in an insurance claim before the insurance coverage starts paying. “Deductibles vary for different conditions, illnesses, and medical procedures. Though high deductible health plans have the advantage of smaller premiums, customers may end up paying much more out-of-pocket. To avoid this, customers can opt out & select the better plans without deductibles or opt for low deductibles insurance policies,” said Vikas Mathur, Head – Health, Universal Sompo General Insurance. -- Co-pay: This clause allows customers to take some share of his/her medical expenses. Under this clause the insured has to bear a certain predefined percentage of the claim amount. One should always have a look at the co-pay clause while planning to buy a health insurance policy. Health insurance policies of few insurers have the co-pay clause compulsory, usually for the age group above 55 yrs. Customers have the option to look for other policies without co-pay condition if they do not want hassles of this part payment. Also, customers should consider their health and fitness conditions before deciding to opt for a health insurance policy with Co-pay Read more of at www.starhealthdevarajan.com/news/590 for Ur Health Insurance needs, Services, suggestions U can always call us at 98401 77017 Devarajan www.facebook.com/mediclaimagent

Things to observe while getting Health Insurance

IMPORTANT CLAUSES YOU SHOULD READ WHEN BUYING A HEALTH INSURANCE POLICY Many of us buy health insurance policy only to save tax and often fail to update ourselves on the various features of the plan being purchased. Choosing a health policy for you and your family is a serious decision and it requires you to be fully aware of the policy and its benefits. Here are few important features you should know before buying a health policy: -- Deductibles: It is the amount of money customers will have to pay in an insurance claim before the insurance coverage starts paying. “Deductibles vary for different conditions, illnesses, and medical procedures. Though high deductible health plans have the advantage of smaller premiums, customers may end up paying much more out-of-pocket. To avoid this, customers can opt out & select the better plans without deductibles or opt for low deductibles insurance policies,” said Vikas Mathur, Head – Health, Universal Sompo General Insurance. -- Co-pay: This clause allows customers to take some share of his/her medical expenses. Under this clause the insured has to bear a certain predefined percentage of the claim amount. One should always have a look at the co-pay clause while planning to buy a health insurance policy. Health insurance policies of few insurers have the co-pay clause compulsory, usually for the age group above 55 yrs. Customers have the option to look for other policies without co-pay condition if they do not want hassles of this part payment. Also, customers should consider their health and fitness conditions before deciding to opt for a health insurance policy with Co-pay Read more of at www.starhealthdevarajan.com/news/590 for Ur Health Insurance needs, Services, suggestions U can always call us at 98401 77017 Devarajan www.facebook.com/mediclaimagent

Do You have Retirment Planning

ONLY 33% INDIANS SAVE REGULARLY FOR RETIREMENT Only a third in India are regularly saving for their retirement while just 33 percent of working-age respondents globally are putting anything aside for their later life, according to a report. The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial situation over planning for their older years, according to HSBC's the 'Future of Retirement: Bridging the Gap' report. "For many, retirement is thankfully no longer a short period tacked on to the end of our life. It can be a long and very fulfilling part of a person's life. "But with that, our needs at 65 can be very different from our needs at 75 or 85, with very different financial implications," HSBC India head of retail banking and wealth management Ramakrishnan S said. Read more at www.starhealthdevarajan.com/news/587 Do You Have Planning or Planned. If not Call now 98401 77017 for Ur Serncies, Suggestion, Retirement Planning, Insurance Related Services www.licdevarajan.com

Health Insurance

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Save for Retirement

ONLY 33% INDIANS SAVE REGULARLY FOR RETIREMENT: HSBC Only a third in India are regularly saving for their retirement while just 33 percent of working-age respondents globally are putting anything aside for their later life, according to a report. The lack of saving is likely linked to low knowledge of how much money is needed in retirement, as well as many prioritising their immediate financial situation over planning for their older years, according to HSBC's the 'Future of Retirement: Bridging the Gap' report. "For many, retirement is thankfully no longer a short period tacked on to the end of our life. It can be a long and very fulfilling part of a person's life. "But with that, our needs at 65 can be very different from our needs at 75 or 85, with very different financial implications," HSBC India head of retail banking and wealth management Ramakrishnan S said. The research for this report was carried out online by Ipsos on behalf of HSBC among 16,000 adults in 16 markets, including Australia, Argentina, Canada, China, Malaysia, Mexico, Singapore, Taiwan, France, Hong Kong, India, Indonesia, Turkey, UAE, UK and USA. It revealed that only 19 percent of working-age people are saving for future nursing or care home fees. This is despite half (51 percent) respondents claiming to be concerned about affording residential care when in retirement, it added. Read more at www.starhealthdevarajan.com/news/587 call 98401 770-17 Devarajan for Ur Insurance related services

Medical Insurance

5 BENEFITS OF BUYING A MEDICAL INSURANCE BEFORE TURNING 30 Health insurance or medical insurance cover is something which is necessary in the life of every individual. It gives you a major cushion considering the fact that treatment costs in India have gone through the roof. Having said that, it is always good to buy a medical insurance before 30 as it helps is tackling medical emergencies. In view of this scenario, financial advisors often ask people to buy a health insurance at an early age in life. So without further ado, here are 5 reasons why you should by an health insurance before you turn 30. It may be noted that buying an insurance premium earlier will reduce your monthly contribution towards it. Suppose if you buy a medical insurance of Rs 5 lakh at the age of 25, you will need to shell out Rs 5,000. The same insurance cover cost rises to Rs 6,000 per month when you are 35 years old; and at 45, the cost goes up to Rs 8,000 per month. This is one reason why financial advisors ask people to get a medical insurance cover early in life. read more at www.starhealthdevarajan.com/news/589 for Insurance relatd services, U can always call at 98401 77017 |Devarajan

Health Insurance

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LIC Policy Lapsed

WHAT HAPPENS WHEN YOUR LIFE INSURANCE POLICY LAPSES Last week, the insurance regulator instructed life insurance companies to extend the grace period for payment of renewal premium for residents of Kerala and flood affected districts of Karnataka. So policies that are due for renewal between 15 July and 30 September 2018 will get a grace period of 60 days instead of the usual 30 days for policies with annual and other premium payment mode and 15 days for monthly premium payment mode policies. Since normal life has been severely affected and disrupted due to floods, policyholders are facing difficulties in timely payment of renewal premiums, said a circular by the Insurance Regulatory and Development Authority of India (Irdai). “Coverage under such policies may get lapsed due to non-payment of renewal premiums,” it said. When do insurance policies lapse? Usually you are required to pay a fixed premium periodically on the due date or within the grace period. If you don’t do so, your policy lapses. In term plans, you forfeit insurance benefits and the premiums paid so far. In case of unit-linked insurance plans (Ulips), if you skip paying the premium in the first five years, or during the lock-in period, the policy is considered lapsed; so you forfeit insurance benefits but the invested surplus is not given back to you. It moves to a discontinuance fund and is payable after the lock-in of five years. If you skip paying premiums after the lock-in period, you can either surrender the policy and take the investment corpus, or revive it or continue it without paying, here your policy becomes paid-up. In case of traditional plans, in the initial years you risk losing all your premium if your policy lapses, but once it acquires a surrender value, which means it can be self-funded or is paid-up, the policy doesn’t lapse but automatically continues with a reduced sum assured like in the case of a Ulip. Keep in mind that traditional plans come with heavy penalties for surrender. Read more at www.starhealthdevarajan.com/news/585 www.licdevarajan.com for Insurance related Services, U can always call 98401 77017 Devarajan

Health insurance

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Pan card

PAN CARD: ALL YOU NEED TO KNOW HIGHLIGHTS PAN is a 10-character alphanumeric code issued by the Income Tax department It is used to identify a tax payer, whether an individual, Hindu undivided family or a company The application for PAN allotment is made in Form 49A/ 49AA PAN (Permanent Account number) is a 10-character alphanumeric code issued by the Income Tax department to identify a tax payer, whether an individual, Hindu undivided family (HUF), a company, firm or an association of persons. The PAN card is issued under the provisions of section 139A of the Income Tax Act, 1961. Read more at www.starhealthdevarajan.com/new/584 Do you need to apply for PAN?

Health

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Health is Wealth

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Ur Health is More Important

Call 98401 77017 Devarajan for Your Existing/New Insurance Services, needs, Suggestion, Portability Services, Claims Related Services, etc www.starhealthdevarajan.com #medidlaim #மருத்துவக்காப்பீடு #starhealth