So many categories of Debt Mutual funds like 1. Liquid fund 2. Short term fund 3. Gilt funds
and many more
Which one should u choose?🤔🤔
A thread🧵 on various types of debt funds and which one to choose?
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What are debt mutual funds?
Mutual funds that invest in fixed income
Types of Debt Funds
Based on the fixed-income securities they invest in 1. Liquid 2. Overnight 3. Short term 4. Gilt fund 5. Banking and PSU debt fund
6.Dynamic Funds 7. Medium Duration Funds
Liquid Funds:-
Overnight Funds:-
UltraShort term funds:-
Short term funds:-
Medium Duration funds:-
Long Duration Funds:-
Dynamic Funds
Gilt funds:-
Corporate Bonds
Banking and PSU debt funds
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National Pension Scheme(NPS)-A product for retirement!
Like the 401(K) plans in the US,
NPS an excellent tool for building a pension for your retirement!
A thread🧵on everything you need to know about NPS
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What is NPS?
NPS is a voluntary retirement savings scheme laid out to allow the subscribers to make defined contribution towards planned savings thereby securing the future in the form of Pension.
In simple words, you contribute,invest in various asset classes to generate a pension corpus.
This pension corpus can be redeemed at 60 or retirement.
Applicant should be between 18 – 70 years of age as on the date of submission of his/her application
🚨IRDAI yesterday released a master circular on health insurance
From
🩺Cashless claim settlement in 3 hrs to,
🩺Getting products for all pre-existing medical conditions,
Some big changes were announced
A thread🧵on IRDAI master circular and what it means for u?
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IRDAI is the insurance regulator.
It brings periodic changes to health insurance and directs companies to make changes so that people are served better
A circular was issued yesterday which made some big changes
Here is a simple list of changes
1/Insurers will make products available for
🏦All ages
🏦All types of pre-existing conditions
🏦Out patient Department(OPD),Daycare treatment and Home care treatment
🏦Disabled people
Ayushman Bharat is a healthcare scheme by the government of India to provide affordable health insurance to citizens
What is Ayushman Bharat?
Who is eligible for the scheme?
A thread🧵on everything u need to know about Ayushman Bharat
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What is Ayushman Bharat?
Ayushman Bharat is a health protection scheme to provide health insurance to citizens.
It provides insurance coverage of up to Rs.5 lakh on a family floater basis to beneficiaries every year in order to receive primary, secondary, and tertiary healthcare services.
🚨From April 1,
IRDAI brought down the moratorium period in health insurance to 5 years
If u don't disclose cancer & buy the policy
Will the insurer not reject ur claim after 5 years?
A thread🧵on what is moratorium period & why the insurer can still deny ur claim?
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What is the Moratorium period in health insurance?
Insurance Regulatory and Development Authority of India (IRDAI) in its guidelines on standardization of terms and clauses in health insurance said that after the expiry of the eight-year moratorium period, no health insurance claim can be rejected after this period
However this has exceptions,
The exceptions are proven fraud and permanent exclusions specified in the policy contract.
IRDAI further modified it to say
From April 1
After completion of sixty continuous months of coverage (including portability and migration) in health
insurance policy, no policy and claim shall be contestable by the insurer.
Effectively bringing down the moratorium period to 5 years.