FLAME Newsletter - June 26, 2013

India Infoline News Service | Mumbai |

A very important doubt that pops up in your mind when you think about the health insurance policy is the coverage amount.

QUOTE OF THE WEEK:

Inflation is taxation without legislation - Milton Friedman

YOUR FINANCE DEMYSTIFIED:

Medical insurance: All that you need to know

A very important doubt that pops up in your mind when you think about the health insurance policy is the coverage amount. How much is the right amount for my health insurance coverage?... Read more

Health insurance myths broken

Medical insurance: Even for healthy people

Medical insurance provides risk coverage against unforeseen health expenditures that could put an individual under tremendous financial duress... Read more

Health insurance for your parents

Get top up plan to enhance your health insurance

Mediclaim policies are useful for minor cases of hospitalisation or surgery. However, they may be insufficient to meet the high costs involved in treatment of ailments like a heart condition, a stroke or an organ transplant. This is where top up plans come into the picture... Read more

Frequently asked questions on health insurance

DID YOU KNOW?

What are company warrants? Should they be in my portfolio?

Company warrants are securities issued by a company, usually during fresh offer of shares. The company issues warrants to raise capital/funds for itself. Warrants give investors an option to diversify their portfolio... Read more

TERM OF THE WEEK

Act of God Perils: Any event not caused or contributed to by man. Some sudden and irresistible acts of nature that could not reasonably have been foreseen or prevented, such as floods or exceptionally high tides, storms, lightning, earthquakes etc. constitute Act of God Perils.

IN THE NEWS THIS WEEK

Why should catastrophe insurance be part of my financial plan?

MF industry growing at 18% CAGR: UK Sinha

CRISIL develops India’s 1st financial inclusion index

SEBI makes certifications compulsory for investment advisers

Uttarakhand calamity: FM asks LIC to relax claim norms

Uttarakhand floods: Insurers fear more than Rs. 35bn claim

AMFI asks bank executives, MF agents to quote employee ID no

ABOUT FLAME

FLAME (Financial Literacy Agenda for Mass Empowerment) is an IIFL initiative to promote financial literacy amongst the masses in order to make them an integral part of India’s spectacular growth story.

In an era of accelerating GDP and rising per capita growth, financial literacy has become more critical than ever before such that we all reap the tangible benefits of the nation’s economic prosperity. Financial inclusion has been quite high on the governmental agenda, given its emphasis on widening the Banking & Financial services network across the country. IIFL’s FLAME initiative stands committed to complement this effort by helping common people gain financial growth and security though better awareness and education on the variety of financial products while avoiding the lure of and loss from unrealistic claims made by unscrupulous agents and ponzi schemes.

Our objective is to light a FLAME, as the name suggests, which will set ablaze a chain of FLAMEs across the country. The new-found light of knowledge will undoubtedly dispel the dark clouds of financial illiteracy and ensure the bright sunshine of financial growth and prosperity.

This portal is but one of the various IIFL initiatives that would be part of FLAME.

 

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