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Make Multiple Health Insurance Claims Today’s stressful and fast-paced life contributes to a number of diseases. And this is why investing in a health insurance policy is essential. However, most insurance policies come with a limit on the sum assured, depending on the age of the insured and the insurance company’s underwriting guidelines. In such cases, the insured has no choice but to invest in more than one health insurance policy in case he is looking for a higher coverage. It also likely that you are looking to invest in a mediclaim policy for your spouse or your parent, apart from yourself. In such a case, investing in multiple policies is advisable. However, when you invest in multiple medical policies, it is important to follow the right steps, failing which, you might receive a reduced claim amount. When you fill up a proposal form for a mediclaim policy, is it important to inform the same to the insurer of any other existing medical policy you may have. Not informing your he

Future Generali’s ‘Cancer Financial Preparedness Survey’ reveals alarming statistics Majority of the respondents will either dip into personal savings or take a personal loan to finance the cost of treatment Oncologists determine that 2 out of 3 cancer patients get diagnosed with cancer only in the 3rd or the 4th stage thus, implying higher medical costs     Bhopal, 20th December, 2017 : Future Generali India Life Insurance (FGILI), unveiled the findings of a national ‘Cancer Financial Preparedness Survey’ conducted in association with IPSOS, a leading global research firm. This unique and multidimensional study surveyed two different groups (1) People in the 25 & above age bracket across 11 major cities, and (2) 40 seasoned oncologists across key metro cities.  The objective of the research was to evaluate the awareness levels, the financial preparedness and gap between perception & reality of financial implications of cancer.   Lack of sufficient cancer awareness The result

Mumbai:  Indian 10-year bond yield dropped most in a year on Monday after the Reserve Bank of India (RBI) scrapped plans to sell bonds worth Rs10,000 crore via open market operations (OMOs). At 11.14am, the 10-year bond yield was trading at 6.905%, down 14.40 basis points, its biggest slide since November 2016, from its previous close of 7.049%. Bond yields and prices move in opposite directions. “We believe the reversal in RBI’s stance is positive for bond yields and one should see bond yields now heading lower from the current elevated levels. Even as this takes out the near-term worry on yields, pick-up in credit growth will put some upward pressure on bond yields in the medium-term,”  Mint  reported on Friday, quoting Bank of Baroda note. The move came after Moody’s Investor Services raised nation’s rating to Baa2, the first upgrade in 14 years, from the lowest investment grade of Baa3 and changed the outlook from stable to positive. “In view of the recent market developments and

India’s benchmark 10-year bond yield rose to its highest in over 13 months as higher-than-expected October inflation dashed rate cut expectations. The 10-year bond yield went up as high as 7.01 percent, the highest since September 29, 2016, after October inflation rose to 3.58 percent as food and fuel prices accelerated. The paper had closed at 6.97 percent on Monday. Traders expect yields to rise further as state-run banks, the usual buyers in the secondary market, sit on heavy losses. “We keep saying that state-run banks will come and buy, but are they mad, can’t they see the realities that those days of bond rally are over now?” said a trader. “They can’t keep adding to speculative risks because even for that they need capital to provide for the mark-to-market losses.” The 10-year paper has risen by 50 basis points since the start of July as concerns over global rate tightening and upside risks to inflation back home surfaced.

Mumbai:  The 10-year bond yield hit over 7% on Tuesday, the first time after 14 months, as retail- and wholesale-based inflation quickened more than estimated, reducing expectation of a rate cut any time soon by the Reserve Bank of India (RBI). At 12.05pm, the 10-year bond yield was at 7.058%, a level last seen on 8 September 2016, compared to its previous close of 6.972%. Bond yields and prices move in opposite directions. Wholesale Price Index-based inflation rose to 3.59% against  Bloomberg ’s estimates of 3.01%. Consumer inflation rose 3.58% in October from a year ago, up from 3.28% in September.  Bloomberg  analysts’ estimated Consumer Price Index-based inflation at 3.43%. Broking firm Nomura Research expected CPI inflation to rise above 4% in November and to stay above the RBI’s target of 4% through 2018. “The likelihood of inflation testing the 4% target by late 2017 and staying above it for rest of FY18 reinforces our expectations that the Reserve Bank of India will remain on

Manappuram Finance has raised Rs 200 crore by issuing secured bonds on a private placement basis. The Financial Resources and Management Committee of the board of directors of the company in a meeting held today approved the allotment of 2,000 secured redeemable non-convertible debentures, the company said in a regulatory filing. With a face value of Rs 10 lakh each, the aggregate value of the bonds issued through a private placement is Rs 200 crore. The Kerala based non-banking finance company is one of the leading gold loan financing companies that started its operations way back in 1949. It has over the years diversified into other financial products such as housing loans, vehicle finance, microfinance as well as a loan against property. The stock of Manappuram Finance on Monday closed 0.41 per cent up at Rs 98 a unit on the BSE.

Mumbai:  Investors shouldn’t read too much into Friday’s advance in Indian bonds, which follows a slower-than-estimated rise in inflation last month. That’s because the softer headline number masks an increase in demand-side pressures, which is what the central bank looks to manage through interest rates. The so-called core inflation climbed to 4.6% in September from 4.5% in August, according to estimates from Deutsche Bank AG. Consumer prices rose 3.28% in September from a year earlier, slower than the 3.53% median estimate in a  Bloomberg  survey. The benchmark 10-year bond yield fell 3 basis points to 6.73% in Mumbai on Friday. It reached the highest since mid-May on Monday after the Reserve Bank of India last week held rates steady, raised inflation forecasts and reiterated a neutral policy stance. September’s CPI data is unlikely to sway the inflation-targeting RBI into cutting rates anytime soon, according to Deutsche Bank and Morgan Stanley. Also, other negatives for the bond m