"Knowledge Plus for Wealth + " will give you the overview of the recent happenings in the financial market. Medical emergencies can strike anyone at anytime. If not planned for such contingencies, it can drain your savings. Thus, Health Insurance becomes vital in protecting you and your dependants against any financial constraints on account of medical emergencies. In this issue, we will cover: - Latest Happenings in the Financial Markets - Introduction To Health Insurance - Understanding Need of Health Insurance - Type of Health Insurance - Claim Settlement Process - Selecting the Right Plan - Factors for Deciding Ideal Coverage Kindly Download the details from following Link: http://www.youtube.com/watch?v=SPqDgbpmoD8&feature=youtu.be Kindly share your valuable feedback at info@valueplusinv.com to help us serve you better.

1. VALUE PLUS - The Family Office
KNOWLEDGE PLUS
For Wealth Plus+
From
Research Desk
09th November 2013

2. Hot Topic Of The Week
Health Insurance –
Financial Security Against
Medical Uncertainties
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3. Last week at the Financial Markets!!!
News
Impact
• Direct tax collection up by 11.6% at
•
Rs 3.37 lakh crore during AprilOctober, 2013
•
• HSBC India Services PMI recovers bit •
from four years low; stays below 50
mark
•
•
It will support government to achieve
its fiscal deficit target
Government may increase planned
expenditure for this year
Leading to marginal improvement in
service sector.
SENSEX was down by 530 points (-2.50%) and closed to 20666 at end of
the week.
(FIIs) remained net buyers in equity with net inflow of Rs. 1176.5 crore
and net sellers in debt segment with net outflow of Rs. 1858.8 crore.
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4. Last week at the Financial Markets!!!
Price Performance of Different Asset Class
Price correction was seen
in major asset class
because of dollar
appreciation against
major currencies.
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5. Next Week in the Financial Markets???
• IIP data for September 2013 will be released on November
12, 2013.
• Consumer price index (CPI) data for October 2013 will also
release on November 12, 2013.
• Wholesale Price Index (WPI) data, will be released on
November 15, 2013.
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6. Hot Topic Of The Week
Health Insurance –
Financial Security Against
Medical Uncertainties
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7. Introduction
• Medical emergencies can strike at any time and compromising
on the quality of medical treatments is not desired by most.
• It is therefore important to choose a health plan with complete
care and attention.
• It protects you and your dependants against any financial
constraints arising on account of medical emergencies.
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8. Why Health Insurance?
• It offers financial security against medical contingencies of life.
• The cost of medical expenses are rising at a rapid pace and this
can drain your savings.
• If you are covered, you can take the benefit of quality
treatment without worrying about the expensive treatment
cost.
• High stress in work, bad eating habits and such other issues has
resulted into more health related problems even for young
people.
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9. Types of Health Insurance
• Individual Mediclaim
– It is simplest form of health insurance.
– It covers the hospitalization expenses for an individual for
upto the sum assured limit.
• Family Floater Policy
– It covers the entire family in one plan.
– The sum assured value floats among the family members.
– The premium for such plans is less than that for separate
insurance cover for each family member.
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10. Claim Settlement Process
• Cashless
– Available only at authorized network hospitals
– Third party administrator should be notified in advance or
within stipulated time limit.
– Claim amount is approved by TPA and the hospital settles
the amount with TPA/Insurer.
• Reimbursement
– This facility can be availed at any hospitals.
– In this case, insured directly pays the bills at the hospital.
– He can claim reimbursement for hospitalization by
submitting relevant bills/documents.
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11. Selecting the Right Plan
• When choosing a health insurance plan, look for factors
like:
– Guaranteed Lifelong Renewal
– Cost-Benefit Analysis
– Adequate Sum Assured
– Add-ons like Critical Illness and Personal Accident
– Look for Limits
– Credibility of the Company
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12. Deciding Ideal Coverage
• Factors to be considered are:
– Lifestyle of the Family
– Health Condition
– Age/Life stage
– Family History of Illness
– Affordability
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13. Conclusion
• Health Insurance industry is very dynamic in terms of both in
products, price as well as processes. So it is sensible to have an
expert on your side, who gives updates, suggest changes as and
when required and select the best suitable plan for you.
• Example: An individual took treatment in the non-network
hospital for a major illness. When he claimed for the
hospitalization, his claim was passed for less amount and he
had to pay 20% of the expense from his pocket.
Reason: ‘there was a clause of 20% co-payment for the
treatment taken in a non-network hospital’.
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14. THANK YOU
Research Desk
@
VALUE PLUS - The Family Office
Office:
(0265 -2324600,6629800)
Email:
info@valueplusinv.com
Website: www.valueplusinv.com
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