Predict & Win

In this pace of life, you cannot run faster than your limit. But what you can do is just reach to a level where you can at least prepare yourself for the consequences. Now, whether it works or not, you have at least a set of priorities that you can look for and accordingly plan for future. This doesn’t have to be the financial decisions that you make but can be any decision you are making for your life. In this case, you need to predict what can happen and who knows you can win the situations. Change is the only constant thing in the world and you can never estimate the change that can happen but you can always predict it. There is one advantage about this prediction, i.e. it leads you think about past, present and future. The who gets it right, wins.

What you can predict is what you believe and hence when you start going in a right path, you will get a measured result. Predicting that Insurance is not for the youth or it is not needed right now, can be a wrong prediction for you. There are so many insurance policies that not only cover your life but also your health. So explore this stream and just give it a try to at least understand the products and availability. Remember, a right prediction will lead you a right decision in the end.

If you are really eager to explore and don’t know how to take a step forward, Karvy Private Wealth helps you in the assistance.

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Know the Importance and then decide

Significance of things come under situations when we desperately need them. These significance better be understood before so that while reaching to a problem, you already have a plan. These plan will help you the most while you fall in some kind of trouble.

Same is in the case of health insurance. You can insure your health and get an immediate result at the time of accident, disease or any health related issues. It is not a small thing because when you are under medical claim you just don't have to care about anything except your wellness. Hence this wellness is been taken care by health insurance plan. Importance of this health insurance plan is enormous. Hence just get a knowledge of what it has stored.

Importance of Health Insurance
• Rising medical costs
• Sharing of health related risk
• uncertain hospital bills
• Expensive/quality health care services
• Tax benefit
• Productivity of workforce

In order to overcome these situations, start planning for it. Who know what's there in future. And if you are not able to find out a correct plan, Karvy Private Wealth helps you in same.


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Acquire the Information

No matter if you are working or studying, you always have a risk of life outside and inside your house. This can be in the form of disease, accident or a casual health affirmation. This is not to scare you or put a negative impression on your mind about fear but just to make you alert, what you need to do is just take one step. Step of insuring your health.

Health insurance is not something totally equal to a regular insurance, but it is something that helps you during emergencies. Be it a disease, accident or any kind of health issues, if you are insured then you don’t have to pay for anything. There are lot of health insurance plans that you can avail and some of them are mentioned below:

Individual Health Plans 

Largely, an individual health insurance plan (IHIP), or ‘mediclaim’, would cover expenses if you are hospitalised for at least 24 hours. Some of the expenses that are covered are room rent, doctor’s fees, anaesthetist’s fees, and cost of blood and oxygen and operation theatre charges. 

Family Floater Plans 

It takes advantage of the fact that the possibility of all members of a family falling ill at the same time or within the same year is low. Under a family floater (FF) health plan, the entire sum insured can be availed by any or all members and is not restricted to one individual only as is the case in an individual health plan.

Senior Citizens’ Plans 

Insurance is considered a form of long-term savings for senior citizens. This money provides financial stability and also helps them in times of need. Medical insurance enables senior citizens to pay for health checkups, emergency medical costs and long-term treatment. Medical insurance is provided through several private insurance companies and four public sector general insurance companies.

Critical Illness Plans 

A Critical Illness plan means to insure against the risk of serious illness. It will give the same security of knowing that a guaranteed cash sum will be paid if the unexpected happens and one is diagnosed with a critical illness. 

The purpose of a critical illness plan is to let you put aside a small regular amount now, as an insurance against all this happening.

Now, as you have full information on your hand, Karvy Private Wealth helps you in taking the further step.

To know more:
Contact us on karvy@gmail.com
Visit our website: http://www.karvywealth.com
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HNIs can look at startup firms as good investment options

Income levels of individuals in our country have increased, and so has the risk-taking ability of the middle class. They have now started investing in riskier products like equities, knowing very well that the markets can deliver superior returns over a period of time.
A large part of the credit for this transformation goes to the financial planners. Financial planners now-a-days are seriously focusing towards self skill development and have started giving need-based advice. The focus on asset allocation also depends on the hierarchy of needs of an investor. These needs are adding up, particularly in the middle and top-end of the hierarchy who are ready to venture into other asset classes also.The assets which you may find in the portfolios of a regular investor today may be as under:Lower level: Endowment insurance plans, fixed deposits (FDs), gold, >> Middle level: In addition to portfolio of lower level, they will have unit-linkedinsurance policies (Ulips), equity mutual funds systematic investment plans (SIPs), house property and equities.

Higher level: In addition to the above, they will surely be holding real estate, structured products, e-commodities and will be involved in equity derivatives and commodities markets.Many equity market investors have one common doubt today, should they be involved in commodities market and the currency market. The answer is ‘yes’. But three caveat’s: 1) Unless you know how these markets work, don’t risk your money. 2) If you have no knowledge, then take advise from a qualified adviser. 3) Enter these markets with hedging in mind and not for making quick money.Research has proved that equities, commodities and currencies have both positive correlation and negative correlation with each other. Hence, one can always hedge or may find a trading opportunity across market segments.

The biggest drawback of these markets is the lack of understanding and, hence, investors need to take the right step of going through financial planners. Since these markets are still largely unknown to the retail investors, they are often lured into schemes which promise to pay above normal returns. Clear understanding can provide a great opportunity towards better asset allocation. One cannot be sure which will be the next best performing asset in the next cycle and, thus, exposure to multiple market ensure we don’t miss out the cycle.

One such investment opportunity which not many people understand and the top-end high networth individuals (HNI) can look seriously at is investing in the startup companies. Companies like Facebook, Linkedin became big in no time, creating huge wealth for the investors. Also, we have success examples of Flipkart and Snapdeal in India.

Many entrepreneurs have ideas which can be huge success, but most of these startup are money-hungry to fuel up the growth process. These companies are initially started with promoters’ own funds.India will be the largest consumer market in the world by the year 2025. It, at present, has around 120 million internet users and the number is rising rapidly. Most of the companies which have made big in short duration are in the field of technology and internet. Investors like Rakesh Jhunjhunwala have made big money in this way. A2Z maintenance is one of the examples.

Investing in startup is called the ‘angel funding’. These investors are termed as ‘angel investors’ since they act as the saviors when the company is requiring money. There are many angel investors (read HNI investors) who have come forward and formed groups like Mumbai angels and Chennai angels to source such opportunities where they can invest and make big money. The process is angel investors — venture capital — private equity — initial public offering (IPO). IPO is the final thing where everyone unlocks the real money if the company makes a huge success.

Right company and right valuations is the key. Many HNIs are investing in startups these days, but this requires expertise. There are advisers who have enough knowledge in this segment and can help you choose the right companies.

(The writer is a CFPCM and wealth manager. The views expressed here are personal, and do not necessarily represent that of the organisation. PSB India is the sole marks licensing authority for the CFPCM marks in India)

Look out for Lifetime Renewal Policy

‘Age free’ policy is what the insurance industry is aiming at in the present scenario. IRDA or The Insurance Regulatory and Development Authority is aiming at removing the age barrier for getting insurance policies. This will imply that once a policy is bought, it can be renewed throughout the lifetime of the policy holder. The present entry age limit is 65 years.

Many insurance companies have started applying for this life long renewal clause and are waiting for approval. Many others are expected to start applying soon. Removing the entry age gap is under serious consideration but the plan is not concrete yet. Health insurance constitutes more than one-fourth of the overall insurance industry. The application of Lifetime renewal policy will help in making health insurance a more significant part of this industry.

Source: http://www.business-standard.com/india/news/age-barrier-for-health-policies-may-go/461515/
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World Heart Day - "One World, One Home, One Heart"

Today is the day when one is made to realize the importance of the reason they exsist in the world. If you are suffering or have suffered any heart attack, then World Heart Day is the right time to know about the various non-modifiable and modifiable risk factors, and prevent such attacks in future.

World Heart Federation has identified four actions that can keep heart diseases at bay:

Ban smoking completely at your home: By doing so, it will improve the health of the family members and also create a healthy environment to live in.

Healthy eating tips: It advocates that a healthy diet that is rich in vegetables and fruits can prevent cardio vascular diseases (CVD).

Be Active: Organizing outdoor activities such as hiking trips or simply playing in the playground can avert the risk of heart diseases.

Know your numbers: It is very important to know about glucose or cholesterol level, blood pressure and body mass index (BMI) as based on these facts an individual can develop a strategy that would help him/her keep fit and active.

Opt for Health Insurances and live a blissful life which may be beneficial for you and your family.
To give you an idea of what might be in store, based on the present trend, it is estimated that nearly 23.6 million people may die from cardiovascular disease by 2030. 



Sources: multiple
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