₹ 1,50,000 CRORES LOST

All due to mis-selling of life insurance policies

Here are 5 golden rules to follow while selecting your term insurance plan (bookmark for later)

A Complete Thread ..

(1/7) 1) 3-year Average Claim Settlement Ratio (CSR)

CSR is no. of claims an insurer settles in every 100 claim requests.

Some people look at one year’s CSR & take a call.

But, you need to see a 3-yr average to know if the company is consistent.

Anything above 96% is good.

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Many investors want to invest in good stocks but dont know how to analyze company's fundamentals.

Let's understand that how we can analyze Balance Sheets in a simple way:

A Complete Thread.

Credit: My Broker who provided me the details

1/8 The balance sheet is one of the three major financial statements.

'At a fixed point of time', it shows a company’s:

▪️Assets: What it owns
▪️Liabilities: What it owes
▪️Shareholders Equity: Its net-worth

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An old but interesting thread

10 Clever Personal Finance Rules that will help u save more.

1) Rule of 72
2) 100- Age Rule
3) 50-30-20 Rule
4) 1st Week Rule
5) 6X Emergency Fund
6) 20X Term insurance
7) 40% EMI Rule
8) 2X Savings Rule
9) 3*3*3 Plan
10) 25X Retirement Rule.

1/11 1. Rule of 72

Always wondering when your money will double ?

This Rule will Help !

Simply Divide 72 by your expected Rate of return.
Ex - if a bond is Giving 10% returns,
Divide 72 by 10 = 7.2 Years

Note - This rule provides close but not exact outcome.

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BIGGEST MISTAKE THAT EMPLOYEES MAKE :-

Not getting an individual plan just because they already have corporate health insurance.

Why ??👇

A Thread ...

(1/7) Most corporate plans aren't comprehensive.

They’re pretty generic & don’t cover your specific needs. Often these plans impose restrictions on room rent etc. In fact, they might not even cover expenses like needles, syringes & sterilized injections etc.

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ATTENTION TAXPAYERS

Reduce your taxable income in coming ITR by ₹75,000 under Section 80D by paying health insurance premiums– EVEN IF YOU BUY TODAY!

But- Here are 3 health insurance MISTAKES to avoid👇

(1/8) 1) Avoid Co-pay

If the insurer offers a 20% co-pay clause, it means you’ll pay 20% of your medical bills & they’ll cover 80%.

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This life insurance plan covers you for a sum total of ₹0 !!

What an amazing deal, right?

But, here’s something your insurance agent isn’t telling you👇

(A THREAD)

1/8 I’m talking about ‘Zero-cost’ term plans.

A few insurers give you an option to get back ALL your premiums if you end your plan BEFORE its maturity (for a specified period)

PS this isn’t the same as term plan w Return of Premiums (TROPs) that returns money AFTER maturity.

(2/8)

A few days ago, got the news that Snapdeal has filed DRHP. While many seemed astonished, I was just curious. So I researched & was pleasantly surprised to know lot of things about Snapdeal.

Here's a Complete Thread about my findings : Let's get the first thing out of the way, Snapdeal is not only existing, they have grown at approx 35% Q-on-Q in 2021 & have had 5Cr shoppers since 2019 from which ₹4.2 Cr were from non-metro cities. No wonder my urban friends are clueless as Snapdeal is mainly of/for/by Bharat.

How penny stocks can be rigged-

-Select a dead stock frm a booming sector with very low MCap
-Meet promoter. Convince him to invest for 3x returns in n year
-CMP is 5. Start buying frm mkt
-CMP 7. UC everyday
-CMP 10. Circuit opens
-Sm bad news for panic. Mostly people exit

1/3 -CMP 8. Company clarifies all is well. Stock zooms. CMP 12
-Qtrly results. Sales shoots up, Profit & EPS increase
-Stk is now undervalued at CMP 15
-Promoter is on TV. CMP 20
-Brokerage firms prepare projections. CMP 25
-Co. announces 1st time dividend (May be 10 paisa)

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