10 investment ideas for happy 2017

#happy2017
We are living in a very busy world, leading a hectic life, especially in the metro cities. We have friends but no time to meet them, we like cooking but no time to buy choicest ingredients, we love movies but by the time weekend comes we are too tired and withdrawn. It’s one life! We must enjoy!
We should make most of everything we have. We must breathe fresh air, enjoy some music in the rain, laugh out loud with friends around and go on celebrating with the uninhibited spirit of life. However, though my mind wanders around Marine Drive alternate evenings, I am aware it’s not practically possible for a suburban resident. Sigh!
But hey! I may not get all I want at one go, but I will surely invest my time drawing up a list of 10 things which I will do in 2017 to make myself happy. These are definite investment tools,  for a true rich life.
1. Financial security – This is most important thing, having financial security. If your money doesn’t fulfil your basic requirements of life, you may not be in a position to enjoy a lot of things. So, invest some money in Mutual funds, plan your taxes, buy or renew your life insurance and also not to forget the health insurance. Once you have completed these financial commitments, you can be mentally free to indulge in self-pampering all the luxury you want.
2. Health and fitness – Besides buying a health insurance, you must choose to be healthy.  Consider routine medical check-up at-least once a year. Do some physical activities like jogging/yoga/swimming in the morning or evening, it will help in your physical and mental well-being.
3. Books – There is a saying that “dog is man’s best friend.” But if you are not very comfortable with pets, you can try Books! Neither does it let down anyone nor does it bite. Go buy some books on fiction, non-fiction, world history or self help book. Choose as per your interest. It helps you groom as an individual. If you are an avid reader, you may also check out on amazon for kindle free e-books. I personally love them. Go for comics, if you like it!
4. Kitchen equipments – This is a little tricky one. Either you have to be a foodie or cooking enthusiast. A new baking tray or an air fryer, it only enhances the look and feel of the kitchen. It also gives you an opportunity to whip up some new dishes in a healthy way for your family.
5. Friends – Please don’t get me wrong here! I am not trying to commoditize friendship. I am just reiterating an old saying, ‘friends are the family we choose’. We should make some time for them to share some quality moments together. Bonding with friends over some food or games, can make you forget stress, let’s you feel light and help in emotional and social well-being.
6. Skills –  If you don’t grow, you are bound get side-lined or obsolete in some cases. It is important to periodically adding or honing your skills to keep up with the pace of time, and sometimes being ahead of the race. So, if you get an opportunity do some training offered by your employer, don’t pass it. You may also take up some part-time or online courses of your choice.
7. Hobby – This is one area of real recreation and sometimes an opportunity to reinvent  yourself. It’s always fresh, always new, it will make you feel good, it will enrich your creative senses and help you deal with otherwise mundane routine. So get ready with your boots for Sunday fishing, paint all your walls to give it a bright look. Do Whatever makes you feel happy!
8. A gadget – This is for the time we live in. It’s cool to have some gadgets on you. By default, we ‘ll have a smart phone, you may take this opportunity to invest in a gadget which interests you. If you are fitness freak you may buy a fitness band, it will track your daily physical activities. You may chose a good camera of you like photography. My personal recommendation is to get a kindle ebook reader for all the book lovers.
9. Gardening – You may or may not have a land patch for this, never mind, the pots are good enough for even vegetables. An amazing stress buster, you won’t be able to control your smiles and twinkle on your eyes, looking at the budding flowers, the growing leaves, tomatoes and mini bitter guards. Watering the plants, removing the dead leaves, cleaning the garden will make you much happier than you can imagine.
10. Groom yourself up, to get in with a vibrant life. Invest some time and money in getting a jazzy haircut, good spa. Some more in buying clothes and accessories to brighten up your look. And as they say shopping, is a therapy! Go indulge!


I like in staying busy and occupied always. But with time I realised, doing things which make you happy doesn’t really tire you. It makes you a happier person leading richer life. 

Why road safety week is the right time to draw attention to personal accident insurance?

India set to celebrate road safety week, buy personal accident insurance, do your bit.
 How it is different from health insurance? What are the benefits of personal accident insurance? What are the exclusions in personal accident insurance?
India is all set and prepared for celebrating Road Safety Week in coming few days starting 11th Jan. Government authorities, various NGOs, volunteers and media are all gearing up to play their role in spreading awareness about road safety. While driving safe, maintaining your vehicle, following traffic rules and good roads remain the top priority topics, I would like to draw your attention to an equally important topic. And the topic is risk preparedness for the whatifs, what if after following  all rules, my vehicle bumps into a road divider and I get crashed with my vehicle? By default, my motor insurance may bear/reimburse majority of expenses of the vehicle, what happens to me? If I lose my limbs?. The health insurance may pay up the total medical expenses, but what happens after that? If can’t walk on my feet ever? If I can’t go back to my office-job? Who will take care of me and my family?  my term insurance may not have additonal feature.
Personal accident insurance is an answer to these whatifs. The statistics show that several thousand road accidents occur every year in major states – Uttar Pradesh, Maharastra on the top position. These road accidents lead to horrifying deaths, permanent disabilities, temporary disabilities and injuries which causes long time to heal. 
To address this issue, insurance company often bundle personal accident insurance with life or health insurance products for a small additional premium besides the stand alone policies. 
Personal accident insurance, unlike a health insurance, also have features which pay up a lumpsum amount to the policy holder/kin on death/major health set backs apart from cost of medical expenditure. The benefits depends on the plans chosen from different companies. The premium of personal accident insurance depends on coverage amount, risk profile of the person and the benefits covered in the policy. I have severed to Royal sundaram, HDFC Ergo and Bajaj Allianz GIC. I am not doing a product comparison in this pist, just listing down what all benefits can be availed, not specifying under each insurance company.
General features
1. It mostly covers accidents worldwide
2. It can be taken for individual/family of upto 4 person together, self, spouse and minor children
3. The entry age eligibility is upto 65 years
4. The protection cover come from 2 lakh to 2 crore 
5. It offers assistance in hospitalization, medical treatment, hospital cash and percentage of sum assured depending on the type of injury affecting body parts
6. Depending upon the contract, personal accident insurance covers accidents on roads, air travel, railway, accidents abroad and also injuries caused by accidents in home or work place. One must look at the policy details carefully to chose the best suitable or comprehensive plan.
Additional Benefits

1. It may also cover education for children upto a specific limit
2. Employment benefits
3. Legal expenses
4. Cumulative bonus per unclaimed year upto a certain persentage
How to claim the sum insured for personal accident? 
1. Incase of death of the policy holder, the nominee needs to fill up the clain form immediately or as soon possible, as per the guidelines of the insurance company with police Panchanama, FIR, Post mortem Report, Death Certificate and hospitalization and treatment history if applicable. 
2. Incase of PTD (Permanent Total Disability) & PPD (Permanent Partial Disability, Claim form needs to be furnished with disability Certificate from the treating doctor and their may be a medical examination done by insurance company
3. For claiming insurance on account of Temporary Total Disablement, Claim form must be submitted with medical Certificate from the treating doctor and leave certificate from the employer
4. After verification, claims team would assess the claim for completeness of documentation process. Insured may be sent a written communication in case there is a requirement of documents as per the insurance agreement. 
If the conditioned are fulfilled, insurance company raise a pay order and discharge voucher 

1. Injuries during war, neuclear radiation
2. Injuries related to professional or hazardous sports 
3. Self inflicting injuries and suicide
5. Family discount
Personal accident insurance comes in many form and offered by many entities including some of the leading banks on their debit/credit card. It is an important tool to minimize the impact by U uncertainties of life. Choose it wisely. Compare between the plans, also consider comparing with the health insurance and mediclaim plan to make a informed decisions. 
Lead a happy healthy and safe life  😊

Which life insurance to buy? Term insurance – pure life insurance

eTouch Online Term and Health Cover Plan – a comprehensive solution for all #IfsOfLife


Why to buy a life insurance? The answer is to have peace of mind. If unforeseen situation abruptly end your journey of life, your loved ones need not face a financial crunch in addition to mental agony. Financial planning is a must, but what if it ends in the middle of your wealth creation, if an accident breaks the life thread when your toddler just started talking and has a complete life ahead without one parent? Few things are very difficult to plan but planning for these emergencies is now possible in with the #Term insurance plans. 
#Term insurance is a pure life insurance product without a string of saving or investment attached with it. What it simply means is that if the policy holder dies within the policy term, insurance company is liable to pay the sum assured. In case of survival during the term, insurance company has no liability towards policy holders. As the younger generation is warming up to this insurance product, companies are bringing in additional features to include some more additional risks to give a comprehensive solution to policyholders with a little extra premium. 
Recently I attended the launch of eTouch Online Term Plan by Bajaj Allianz LIC, and interacted with the team as well. In the question answer session, I actually came to know about certain facts about term insurance, which we don’t think deeply but is essential to know. 

5 ultimate features of eTouch Online Term and Health Cover Plan
1. Complete online product which can be bought in few minutes with online chat support. A dedicated call centre is also available to walk you through the whole process, it reduces the agent interference and reducing the premium for the product
2. This product takes care of the scariest #IfsOfLife untimely death, permanent disability due to accident and 34 critical illnesses, one has an option to choose from – Shield, Shield Plus, Shield Super, Shield Supreme gives the policy holders flexibility to choose from
3. A minimum cover of 50 Lakh can by bought but anybody who has a yearly income of Rs. 3 lakh, the premium for the same could be as low as Rs. 5 Thousand, for a healthy 30 year old. 
4. The plan also offers an inbuilt waiver of premium rider applicable in case of accidental total permanent disability or on critical illnesses, depending on the variant opted for. 
5. Apart from the flexible options for policy holder, Bajaj Allianz Life eTouch Online Term and Health Cover Plan also allows for the nominee to receive the policy benefits in a lump-sum amount or in monthly instalments. Option 1 – lumpsum, option 2- 50% lumpsum and rest in increasing monthly instalment, option 3 – monthly level or increasing instalments.
Click here 
Step 1- Calculate your premium
Step 2- Generate your quote
Step 3- Choose your plan

Important features of the plan 
1. Tax benefits under 80C
2. Minimum entry age 18 years
3. Maximum age at entry 65 years
4. Minimum age at maturity – 28 years
5. Maximum age at maturity – 75 years
6. Minimum and maximum policy term – 10 – 40 years
7. Premium payment frequency – yearly, half yearly, quarterly and monthly
8. Minimum sum assured = Rs. 50 lakhs
9. On non-payment of premium before the expiry of the grace period, then, the policy will lapse at the expiry of the grace period, and no benefit under the policy will be paid.
10. HSAR Benefit – The plan offers a premium discount for all policies based on smoker categorization, variant, sum assured slab for each age and policy term. The HSAR will be applied for every additional `1lac increase in sum assured above the base sum assured.
11. Free look period – 30 days
12. Grace period – 15 days
B-Fit wellness app 
With the new policy, Bajaj Allianz LIC also launched wellness app, B-Fit, for its employees and policy holders. Equipped with features like a food guide for Indian cuisine, a health score tracker, expert recommendations basis health score and personalized health articles curated to the user’s interests to make the app engaging. Providing a multitude of other exciting services, B-Fit is an assured and reliable app to help one achieve one’s fitness goals.
So, take care of your health, wealth and family by buying a right term plan. Stay fit with B-Fit app. Do post your queries on financial planning or worries, would love to help you out. 
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