Advantages of Star Health Insurance

As we know, there are several options of health insurance products available in a wide range to choose from. Due to stiff competition, most of the health insurance companies are offering quality services in order to facilitate customers in all aspects. Star health insurance is one of the best deals to choose due to its quality services and benefits that are coupled with it.

This exclusive range of health plan is aimed to offer quality services to the policyholders:

• There is no involvement of third party administrator for availing any kind of services

• You can always choose direct in-house for the purpose of claim settlement

• Faster and hassle free claim settlement

• You can also avail cashless hospitalization

• You can avail numerous services and cashless treatment at the network hospitals, which are more than 4700 all across India

• With star health insurance policy, you will also get 24x7 services through toll free helpline.

These services also include many other things like free general physician consultation over phone. You can avail cashless treatment or any medical services any time as doctors stay on duty 24x7. By quoting the policy number, any person in your family can contact our doctor on the toll free number for medical advices. Not only this, star health insurance also offer free health magazines that are issued to policy holders at regular intervals.You can also apply online for this star health insurance policies in India. These above mentioned services are offered to facilitate policyholders with 24 hours services that help you at the time of emergency. In order to avail such health insurance policies in India, you can apply through fast process of online application form. This form can be found on the official website of the respective insurance company and within few minutes of processing your online request will be forwarded to the company.

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Get Better Loan Term On The Basis Of Good CIBIL Score

Technically, for any financial solution credit score of an individual is taken into account. Personal loans in India are an unsecured form of borrowed finance and can be availed at affordable interest rate. A personal loan is a high risk finance to be borrowed as there is no security or collateral is attached. One should be sure that his or her credit history is good.    But, cibil is planning a system of personal loan score system to help the banks and other lending authorities in analyzing the credit worthiness of loan applicants. On the basis of this, financial institutions can easily decide the personal loan interest rate that is to be charged from an individual.With this system, individual would have better and improved financial discipline by changing their attitude towards repayment of personal finance and timely payment of credit card debts. CIBIL's credit score is aimed at creating some idea about the likelihood that a loan applicant. Or an existing customer could become delinquent on a personal finance over the next 12 months. This unique service is launched when lenders are facing rising delinquencies in payment of personal loan emi (equated monthly installment).CIBIL plans to have a website where people could enter their financial and select other details to get their cibil score. You can also have an option of getting the score on email or by calling a customer service cell. There would also be points of presence for this. Cibil is also planning to have extensive education programmes aimed to spread awareness of the services among the people. With this approach, in a hassle free manner an individual can check and calculate his or her personal loan eligibility. 

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Bharti AXA Life Save Confident

Bharti axa is one of the most prominent insurers of insurance industry, which is engaged in offering best life insurance policies for individuals. It understands the need of saving for rainy days, and bring bharti axa life save confident. This is a kind of life insurance plan that helps you in accumulating wealth and saving it for the future requirements.

Following are the features of this life insurance:        

• A convenient product with premium payment for only 12 years and benefits for 15 years

• Enhance savings through annual reversionary bonuses and terminal bonuses if declared

• Provides regular money back through guaranteed annual regular payments

• Enhanced protection with an in-built accidental death benefit in addition to the normal death benefit

• Regular money back with guaranteed annual paymentsAs a convenient product.

This insurance policy enables you to plan for important milestones in your life. It is an insurance plan offers additional accidental death cover at no extra charge. With this specific plan, you also get regular money back via guaranteed annual regular payments in every policy year. This money back option can be availed form the sixth year. The total policy term is offered up to 15 years and limited premium period is up to 12 years after which you can stop paying premium and your policy will stay in force. At the time of maturity, you will get back at least 50% of the sum assured including the accumulated annual reversionary bonus as well as terminal bonus, if any.You can apply online for this type of life insurance policy with fast online application form that can be found on the official website of the insurance company. In this way, your online application will be processed faster and there will be less requirement of paper work.

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HDFC Bank Credit Cards for Non-Account Holders

Hdfc is one of the most prominent financial institutions, which is engaged in offering best suited solutions for individuals like credit card, loan products and so on. As per the standard norms and regulations, it is not necessarily that an individual must have an account with the respective bank to apply for the credit cards in India. It is true that some of the special privileges and benefits are offered with the various types of credit cards for those individuals who hold a separate account with the bank.     In a radical shift from its conventional practice, hdfc bank is now offering credit card to those individuals who are outside of its current base of clientele. With this approach, banks can increase their business and promote their products and brands on a wide basis. Hdfc  credit card is one of the best deals that are designed with exclusive features and can be availed easily with quick process.

Following are the features of these credit cards in India:

• Credit limit

• Balance

• Annual percentage rate

• Grace period• Finance charge

• Incentives and rewards     

Every credit card has some specified credit limit as per the eligibility of an individual. The balance on your credit card at any given time is the total of your purchases, finance charges, and credit card fees. It is completely your call how to pay it back. Annual percentage rate or APR is the interest rate applied on the balance that is carried beyond the grace period. Now, we come to grace period, which is a period in which cardholder is required to pay off the debt before any finance charge hits you. Finance charge is the cist for carrying over the balance in next bill cycle. With some cards, you get credit card rewards and incentives for using them.

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How To Get Secured Personal Loan?

To get a secured personal loan, the borrower pledges his asset with the lending institution. Generally, the value of the asset and the amount of loan both are considerably of high amount. For instance, the borrower has an option to pledge his house to obtain money, which can be utilized for upgrading and repairing of his flat or for buying a car. Due to the collateral on these assets, it becomes easy to obtain loans for buying them. Collateral is a tangible property that the lending institution places a lien on while giving the loan to a borrower. An example of such kind would be a home loan or car loan. The home remains in the possession of the owner but the lender has a right to take and sell the home if the owner will fail in repaying the loan amount.One can apply for a secured personal loan by visiting the branch of a bank and by showing proof of income and evidence of collateral. You can also apply online for the loan by visiting the website of the bank. There are various websites which are offering in-depth information about different loan options available in the market.  Many times, lending institutions may be less interested in offering you a secured loan if you have a bad credit. Therefore, it is recommended to clear off your debts before applying for a loan, otherwise you would be required to give a collateral of high value. Unfortunately, when you have a bad credit then secured loan will be offered for a smaller percentage of collateral value and the lender may charge high interest rate.

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Hospitalization Cover With Health Insurance

In this advanced time, the health insurance is offering a hospitalization cover that protects you against planned and unplanned medical expenses. With several health insurance policies in India an enhanced medical coverage is offered in order to facilitate policyholders. 

 There are various health insurance companies that offer cover for the reimbursement of the costs, which are incurred during a hospitalization of the insured person:

• Consultations, tests, treatment and pharmaceutical and homoeopathic products. Pharmaceutical and

• Homoeopathic products must be included in the list of specialties of the compulsory sickness and disability insurance

• A stay in hospital by the insured, which is not less than at least 24 hours

• Prosthetics or orthopedic appliances prescribed by a doctor provided they are directly related to the cause of the hospitalization and entail a right to a legal compensation.

• The costs of suitable medical transport for the insured and his donor to or from the hospital, provided these are proven by the means of a bill

• Mortuary costs are also covered that are charged on the hospital billUsually, within the hospitalization cover, only the specified costs that are directly related to the reason for the hospitalization of policyholder or insured person are covered. But, an exclusion is also there, if the insured individual is less than 18 years.

According to this clause, the costs of accompanying overnight accommodation in the same room for one parent or a guardian will also be covered under the similar cover. Hospitalization cover has been enhanced to facilitate policyholders in all aspects. Not only during hospitalization, your health plan will also provide you pre-hospitalization as well as post-hospitalization cover.

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Credit Profile And its Effect on Personal Loan Interest Rates in India

Credit profile is a kind of report that proves the credit worthiness of an individual. On the basis of the income, education, residence, age, employment, nature of job and other parameters, a bank creates a profile of the loan applicant. This data helps the bank in determining the credit-worthiness of the loan borrower. The whole idea of this exercise is to judge whether the applicant is an eligible candidate for the loan in question. Whether, he will be able to repay the loan back with accrued interest on the borrowed loan amount in the stipulated time frame.If an applicant has a previous credit history, it becomes an important tool for the banks to judge the credit profile of an individual. A person, who has taken a loan earlier and has paid it back with regular payments, creates a positive impression and gains positive credit score. On the contrary, an individual with a poor credit score will form a negative image and may face so many hurdles in gaining the approval for their personal finance.Banks provide detailed eligibility conditions with every loan product. The closer a borrower matches these conditions; the better will be the interest rates and loan terms. Having a consistent employment in a blue chip company, MNC, public sector undertaking, government office or a reputed private company will get a borrower low interest rate loan. The further you deviate from these established norms the higher will be the personal loan interest rates.The amount of salary one draws, determines the repayment capacity of an individual to a large extent. Banks generally give a personal loan of 10 times the monthly salary. So, if a person has a monthly salary of Rs. 50,000 banks will happily provide a

personal loan

of 5 lakhs provided he meets other eligibility requirements. On the other hand a person with a monthly salary of Rs. 25,000 will find it difficult to get a personal loan of 5 lakhs.

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India Inc's interest paying ability at 5-yr low: Crisil

The ability of India's top 500 companies to service debt has dipped to a five-year low due to high interest rates and a drop in operating profits, Crisil Research said in a note on Tuesday.

Crisil's study covered 420 companies, excluding banking and financial institutions and state-owned oil marketing companies.

During the September quarter, interest cost for Indian companies rose 36 percent on year, Crisil said.

At 8.5 percent, the repo rate -- RBI's policy lending rate -- is at its highest since July 2008 after the RBI raised rates 13 times between March 2010 and October 2011, in a tightening cycle that is widely seen to be ending.

"While the interest rate cycle has largely peaked, we believe that interest coverage ratio will remain under pressure over the next few quarters as Corporate India's sales growth could slow down on the heels of lower GDP growth," Crisil said.

The median interest coverage ratio has fallen to 4.8 times in the September quarter against 7.8 times a year ago. The average interest coverage ratio for these companies in the past five years was 8.4 times, it said.

Companies with an interest coverage ratio below 2 times have risen sharply to 117 in the September quarter, from 69 in July-September 2010, it added.

For the first time in the past eight quarters, operating profit and reported profit after tax of these companies declined in the July-September 2011 quarter from a year earlier, Crisil said. The last decline was in July-September 2009 quarter, during the global financial crisis.

Last month, Crisil said Indian companies' profits would decline and margins shrink by 200 basis points in October-December on slower volume growth, higher raw material and interest costs and limited ability to raise prices.

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Red Fort Capital to raise $500 mln property fund

Red Fort Capital, an India-focussed real estate private equity firm, is set to raise $500 million fund that will invest in commercial and residential assets in Asia's third-largest economy, two sources with knowledge of the matter told Reuters.

The company is in the final stages of fund raising, at a time when global fund raising markets are besieged by economic growth concerns, and will formally announce a "closure soon", said the sources, who declined to be named as they were not authorised to speak to the media.

Subhash Bedi, founding partner at Red Fort, declined to comment.

The private equity fund has made a first close of about $80 million in April last year.

Private equity investments in Indian property sector grew 14.5 percent to $1.26 billion in 2011, compared with $1.1 billion a year ago, data from industry tracker VCCircle.com showed.

Higher interest costs and nearly dried-up public markets forced developers to look out for alternative options for funds last year.

The Sensex shed 24.6 percent in 2011 to be the world's worst-performing major equity market, while 13 interest rate increases since March 2010 by the central bank have pushed up borrowing costs and slowed down economic growth, making investors wary.

The latest property fund is Red Fort Capital's second fund. It has fully invested a $400 million fund earlier, said one of the sources.

Last March, Red Fort Capital said it has returned more than $100 million to investors since 2009. In the first quarter of 2011, the firm exited four investments in residential and office sectors located in New Delhi and Chennai, it said.

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Reliance Industries invests in TV18 group

Reliance Industries Ltd said it would invest in media group TV18's two main companies, marking a major foray into the media sector by the energy-focused conglomerate and giving a boost to its plans to launch 4G services.

Under the deal, Reliance will put up the money to allow the controlling shareholder of the TV18 group to subscribe to rights issues in the two firms, Network18 Media and Investments and TV18 Broadcast Ltd.

In return, India's biggest listed company will get preferential access to content from TV18 group, which will be distributed through the 4G broadband network it is setting up.

The deal also calls for Reliance to transfer most of its stake in unlisted regional broadcaster ETV and most of its channels to TV18 Broadcast for 21 billion rupees.

Network18 Media and Investments runs business news portal moneycontrol.com, while TV18 Broadcast operates television channels including CNBC-TV18 and CNN-IBN.

Reliance, controlled by Mukesh Ambani, Asia's richest man, did not disclose the size of its investment.

But TV18 said in a separate release that interests associated with group founder Raghav Bahl would contribute 17 billion rupees to the rights issues.

Bahl will retain management and majority control over TV18 and Network 18, the statement said.

A trust set up by Reliance will subscribe to convertible debentures that will be issued by Bahl interests.

CASH RICH

A Reliance spokesman declined to comment on how much of a stake the company would eventually hold in the issuing entities.

"Reliance is cash-rich and has been looking for new businesses to put money in. TV18 group has been bleeding money, so getting in an investor will definitely help them," said K.K. Mital, head of portfolio management services at Globe Capital.

Reliance shares closed 2.6 percent higher in a strong Mumbai market. Network18 Media and TV18 Broadcast each rose by 20 percent, their maximum daily limit.

Reliance has been looking to diversify as growth in its core oil and gas business slows.

The company, which has also invested in retail and financial services, made a dramatic return to the telecoms sector in 2010 by taking control of the only firm that won wireless broadband licences across India, and is now preparing to launch services.

Worries about declining output at its gas fields off India's east coast helped to drag down Reliance's share price by more than 30 percent in 2011, contributing to a near 25 percent fall in India's main stock index.

The deal with TV18 puts Reliance in direct competition with several businesses controlled by Mukesh Ambani's younger brother, Anil, at a time when speculation is rife that the two, who have been bitter rivals, will again do business together.

Anil Ambani controls Reliance Communications Ltd, which operates 3G telecom services, while his Reliance Broadcast Network Ltd and Reliance Mediaworks Ltd operate the group's media and entertainment businesses.

FOCUS ON PROFITABILITY

Network18 and TV18 announced earlier that their boards had approved a rights issue to raise 40 billion rupees, after adjusting for Network 18's holding in TV18.

The deal with Reliance will allow the TV18 group to focus on generating profits for its broadcast business, Bahl told analysts in a conference call.

The acquisition of the ETV channels will also give the group a nationwide platform of regional channels to take on competitors Star TV and Zee TV.

"We don't need to increase our footprint now," Bahl said. "We are clearly out of investment mode as far as broadcast is concerned."

The TV18 group, saddled with mounting debt caused by a slowdown in spending on advertising, is not profitable.

Bahl said the TV18 would provide content to Reliance at "arm's length pricing" on a non-exclusive basis.

"This gives TV18 group a fresh lease of life," said a sector analyst at a foreign brokerage. "This deal also works out for Reliance as it was stuck in the investment in ETV and they could not have monetised it better."

TV18 said it would use the proceeds to repay debt, fund the acquisition of the ETV channels, and for working capital. Network18 said it would use the funds to repay debt and subscribe to the TV18 rights issue.

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