Saturday, June 25, 2016

Health Insurance - A Perfect Gift for your Parents on their 60 th

health insurance for elders
Health is one of the major assets that need to be kept in regular check; especially when a person is at the age of 60 years. The risk of diseases and health related mishaps are very high at this age due to weakness in the body and slowness in every activity.

Senior citizens require more attention and care, which is why, health insurance policy, is vital to keep things secure in case their health turns severe and critical. Diseases such as Diabetes, TB, cancer, depression, heart attack, cardiovascular ailments and brain related diseases are common and lead to high medical expenses at such an age.

Importance of health insurance at the age of 60

Health insurance is a helping aid at the time of urgent need and emergencies that can occur at any odd hour. There are individual insurance policies that are provided by various private and government firms/companies for senior citizens.

If you want a health insurance policy for your aging parents, such plans and policies can be customized easily as per your budget and need.

These policies are necessary for countless reasons; out of which major ones are:

  • These cover all the medical and treatment expenses and do not eat up your entire savings.
  • There is absolutely no need to worry about cash or other payments as cashless policy allows you to focus on the treatment and health of your parents than on anything else.
  • Unforeseen expenses, which arise during treatment, can also be taken care quickly.
  •  These cover all the hospitalization charges within 24 hours of an emergency. You are required to fulfill all the documentation formalities to claim this cover. The hospitalization charges that include following things are covered entirely under such policies.
  1. Room or Bedding charges
  2. ICU or emergency
  3. Nursing or Doctor or surgeon’s fees
  4. Medicines and required treatment charges
  5. Future checkup and medical bills
  6. Private Ward charges
  7. Health Tests charges that are done on daily or routine basis
  • These health policies do support health consultation expenses as well, so that you are tension free during continuous doctor’s visit.
  • Pre-existing diseases are also covered under such health policies.
Medical conditions that parents can develop at the age of 60

Your parents need more attention after the age of 50 years as body changes with the time and growing age. The medical conditions that can arise are:
  • Bones and joints problems: The major diseases that are common in the elderly are:
  1. Osteoporosis
  2. Arthritis.
  • Eyes and Ears problems: Diseases that your aging parents might experience at this age are:
  1. Cataracts
  2. Glaucoma
  3. Retinal infections/disorders
  4. Presbyopia
  5. Myopia
  6. Hearing problems
  7. Tinnitus
  8. Presbycusis
  • Digestive Problems or gastrointestinal problems increase as digestion weakens in this age.
  • Urogenital Problems: The problems that occur are:
  1. Prostate Cancer
  2. Benign Prostatic Hypertrophy
  3. Incontinence or, loss of bladder control
  • Skin Related problems like dry skin, patchiness, and eczema are the complications that arise in this age.
Choose HDFC ERGO Policy that provides the best coverage for pre-existing diseases

HDFC ERGO Health Suraksha policy is an ideal health insurance policy for your parents at the age of 60 that provides mentioned key benefits:
  • You get cashless claim service at more than five thousand hospitals in the country.
  • There are absolutely no sub-limits on room/bedding charges, doctor’s fees, hospital charges and other daily medical expenses.
  • There is a special benefit called “AYUSH Benefit” that is purely a reimbursement of medical expenses under Homeopathy, Siddha, Ayurveda or Unani treatments.
  • You get a rebate under Income tax sec 80(D).
  • Daycare practices expenses are completely reimbursed in listed 144 centers.
  • Expenses that you bear for treatments that are taken at home are also covered.
  • Pre-hospitalization charges up to 60 days are covered in this.
You can avail HDFC ERGO health Suraksha policy online.

Wednesday, March 23, 2016

3 Tips to Simplify Your Budget

budget your finance
One of the keys to managing to stay on top of your budget is to simplify your budget. Before you look into how to simplify it, make sure you are on track financially. This may mean that you should get a loan from Car Title Loans Woodland CA to boost your finances so you can start from a good point. By simplifying your budget you will be able to more easily see that you are sticking to your plan and can easily update it whenever necessary. There are many ways that you can simplify your budget, but here we will look at three.

1. Put Your Budget on a Spreadsheet or Use an Online Program

Instead of trying to budget on a piece of paper which can get confusing as your update it, put your budget information onto a spreadsheet or use an online program or app designed for a budget. This makes it simple to order information, categorize your spending and change any information you need to. You can easily make sure that your budget fits into the categories you want them to and can move items around or delete items as necessary. Work with the 60 Percent Solution which states that 60 percent should go to your monthly expenses, 10 percent towards your retirement, 10 percent into debt reduction or long term savings, 10 percent into short term savings for maintenance, gifts or unexpected expenses and 10 percent for entertainment.

2. Reduce the Categories of Your Budget

While it is a good idea to divide your budget into categories so you can easily keep track of everything and make sure that all your spending fits where it should for a secure and healthy budget, it is a good idea to keep these categories simple. Categories with multiple sub-categories can actually just get confusing. It also makes keeping on top of your budget much more time consuming and stressful. Sometimes, more is less and this is one of these cases.

3. Make Your Savings Automatic

Making your savings part of your budget will help you make sure that you actually save what you plan to. Having the money go into your account and then need to manually be shifted into your savings account, provides too much opportunity for it to be spent before it is saved. If your savings are automatically debited you can factor them into your budget for simplicity.

Monday, March 21, 2016

How to Save Money On Trade Shows as an Exhibitor

money saving on trade
Trade show exhibits are considered the best marketing method to generate numerous leads in a short span of time. They are immensely popular with businesses because they provide you with the opportunity to develop relationships with potential clients, network with complementary businesses and to assess your competition directly.

It should be noted that exhibitions can be heavy on the pocket and if you consider the economic condition nowadays, it is important to make the most of every dollar that you spend. Therefore, it is essential to make your exhibition successful while practicing cost effectiveness. This will enable you to get the best Return on Investment (ROI) as possible.

In order to manage your money effectively, exhibitors need to be careful and should start well in advance before the exhibition and go on till they’ve addressed the last lead.

Plan Ahead

This is the most important step as you can only achieve the desired outcome if you start ahead of time. Your first priority should be to get all the paperwork submitted on time. This will enable you to avail the early bird discounts and if not that, you will at least avoid the exorbitant late fees. Planning early also entails booking the warehouse, reserving flight tickets and hotel rooms (if applicable) well in advance.

Another key advantage of planning ahead is that you may be able to select your booth space and this will enable you to select a good location that will enable you to get optimum traffic.

This will also enable you to select the size of the booth that you need. You can save significant amount of money if you choose a smaller booth as this will mean lower fees and lesser employees required to staff it. This will result in savings in term of airfare and hotel costs.


Giveaway items form a considerable portion of your expense. They can be extremely costly especially if you are personalizing large items. Therefore, it is important to choose your giveaways shrewdly. We can’t do without them because they are a major attraction and result in a huge amount of traffic to the booth. Therefore, you should take your time to shop around and find the best deal available. Buying in bulk may qualify you for discount and you should avail it if it is feasible for you.

Planning ahead is also beneficial in the case of giveaways. If you order them ahead of time, it will mean that they are shipped early and you can then ship them along with the rest of your trade show display items. This will considerably reduce expense in terms of shipping cost.

The preceding two ways can help you immensely in saving money on trade shows as an exhibitor. This can be vital in increasing your overall return on investment.

Eva is a specialist in Custom Gear Australia. She has helped many organisations with their promotional needs.

Wednesday, February 24, 2016

REITs – An Introduction

real estate investments
REITs are a method of investing in real estate which are classified as being focused on the aspects of property that resemble the “make and model” of a car. When investing in an REIT, you invest directly in the property involved, meaning that you don’t run the risk of a bad commercial investment in the traditional way.

The standard method by which people invest in real estate is to sink large sums of money into the property in question right off the bat. If the investment was a bad one or if it was badly managed, this more capital focused form of investment is going to result in large losses on the investors’ end. With an REIT, you run the same type of return, but the risk is almost negligible in comparison to standard methods.

When one of these trusts is traded publicly, it is sold on the exchanges in the same way that stocks are. These trusts can hold property, mortgages or a combination of both. While the contents of the trust may differ from one to the other, they are always going to be involved in real estate in one way or another.

These assets owned by the trust are usually more commercial buildings and properties, because of their higher risk and return. These include things like malls, apartment blocks, hotels, warehouses and even hospitals, for the right price!

How it Works

They work in the same way that traditional trusts do, in that they have a board of people overseeing the decisions pertaining to the management of the trust. The company has a collective pool into which all earnings are deposited via an IPO. The collected earnings is then used in different ways to manage the properties owned by the trust, including buying, selling and development. The money is returned though things like income, rent and the selling of shareholder equity.

A major advantage of owning an REIT is that the money is distributed to you on a regular basis. Up to 90% of the income of the trust properties is distributed to the holders. In addition to this, only one tax is added to it, because the rest is taxed on an annual basis.

When REITs are not publicly traded, they are considered to have a high liquidity, aren’t volatile, and aren’t as closely tied to the current prices of stocks on the market. This means that a crash in the market won’t impact the REIT as much as it does any other investments on the exchange.

Choosing a Good REIT

A list of all the REITs that are publicly traded on the market are found on the official website. Of course, no two REITs are the same, and it would be best to choose one more suited to your own preferences. Choosing a good one also involves looking at how well the trust has been managed till now, as well as how diverse it is.

A lot of people will simply choose to forgo the REIT in favor of the more traditional form of investment because they feel safer. However, it is always best to go for the logically safer option, which in this case is definitely the trust.

Tuesday, December 15, 2015

Why You Should Choose a Cash Loan Over a Credit Card

Loans while you are in bad credit
Unexpected emergencies can happen to all of us. Your house might need urgent repairs, the car could break down suddenly or a relative might need help. In almost all household emergencies, you are going to need access to funds to fix things or simply to tide you over. For most people who don’t have substantial amounts of cash available in a savings account, borrowing will be the only way to cope.

The temptation will be to either reach for your credit card or to apply for a new one. Credit cards represent a simple and no-hassle way to access thousands of pounds in borrowing quickly and easily. You simply use them as you would your debit card and either pay off the entire balance within a month or make the minimum payment and accrue interest on the outstanding amount.

But although credit cards are a simple way to borrow money, they do come with a number of financial health warnings that you should consider before you start racking up significant sums on your Visa, MasterCard or American Express account.

Cash loans are a good alternative to credit cards if you need to borrow a significant amount of money. Although it might take a little longer to get access to the funds you need, you may end up paying less in interest as well as having a clearly defined repayment schedule which will help you when it comes to budgeting and forecasting your household finances.

Interest rates

Credit cards – Many credit cards are offered with what appear to be very attractive interest rates. While 0% offers dried up in the immediate aftermath of the financial crisis, these are starting to make a comeback with a number of the larger banks offering zero rate credit cards. But don’t be in any doubt – these headline figures hide a much more complex picture: 0% APRs are often only offered on balance transfers (so you’ll need to have an existing balance on another card to take advantage of these rates) and there are usually administration fees - which can be as high as £100.

The low interest rates are usually only offered for a specific period – normally six months but sometimes for as long as 18. After the introductory period is up, your card balance will h switch to a variable APR with many cards having very high interest rates – sometimes in excess of 30%.

Cash loans – With a cash loan you will generally know exactly how much you’ll be repaying in interest over the term of the loan. That makes planning your household finances and budgeting accordingly much simpler. Many cash loans have a fixed APR, meaning that your repayments will not change throughout the course of the loan and many of them have lower interest rates than those charged on credit cards which are out of the introductory 0% period.

Access to cash

Credit cards – If you have a household emergency – be it a fire, the failure of an essential piece of equipment or the discovery of some sort of structural problem – the chances are that you are going to need somebody else to carry out the work for you. Few, if any, tradesman accept credit cards – they are going to want paying either by cheque or in cash.

You can get cash out on a credit card but you’ll find that you rack up large charges – or “cash advance fees” – in the process. The credit card company will also charge you a separate interest rate on a cash advance meaning that you won’t get a 0% offer on it. And you will be limited to the amount you can withdraw each day meaning that if you need a large amount quickly, a credit card may make this rather difficult.

Some credit cards come with something called credit card cheques. But don’t be fooled – these are not like the cheques you use with a current account. You’ll be charged a cash advance fee and higher interest rate on them meaning that you could rack up large fees if you need to write one for a significant amount.

Cash loans – With a cash loan, you’ll know how much you want to borrow and will be able to negotiate an interest rate on that amount. Once you’re approved, the money will usually be paid into your bank account within days or hours and you’ll be free to use it as you wish. That means that you’ll be able to write a cheque for the work you need carrying out without worrying about cash advance fees or other administration charges.


Credit cards – Using credit cards may be easy but unless you are very disciplined, you can end up racking up large amounts on more than one of them when you start spending beyond your means. That may be OK when times are good or when you are paying low interest rates on some or all of them, but it gets harder when you’ve maxed out several cards and find yourself paying hundreds of pounds in interest charges every month just to stand still.

With credit cards, once you’ve used up all the introductory offers you can get and your credit rating starts to suffer, you’ll find that you are more likely to have an application for a new card declined. When this happens, you won’t be able to transfer your balances on existing cards onto a new one and you will be stuck with high interest rates on more than one card.

Cash loans – If you’ve got a number of debts and are paying more in interest than you would like, you might like to consider a cash loan to consolidate your debts. It will allow you to pay off some or all of your balances and reduce your repayments with a single monthly amount. You will also have a fixed term for repaying it meaning you can plan accordingly.

Article provided by Mike James, an independent content writer in the financial sector – working with a selection of companies including technology-led finance broker Solution Loans, who were consulted over the information contained in this piece.

Tuesday, October 20, 2015

Here is How to Climb the Corporate Ladder as a Business Analyst

Role of a business analyst
It is said that the day you start your new job is the day you should begin to plan for your next job. As much as this statement may not sound right, it is very true. As a business analyst, you should not be stuck in your current position because there are more rewarding positions ahead. You just need to ensure that you stay focused, work diligently and produce results so that you can excel in that position as you strategize on your next move.

If you are looking to climb the corporate ladder as a business analyst, promotions are not guaranteed. Previously, employees used to progress easily but this has changed over time due to organizational structures, globalization and the impact of technology. Today’s employees must employ thought-out strategies and manage their career paths through one or more organizations. At other times, a promotion may not be an upward movement. You may have to make a lateral movement so as to position yourself for an upward move.

Below are some surefire tips on how to climb the corporate ladder as a business analyst:

Develop mentoring relationships

As a junior or a middle-level employee, look out for mentors in senior positions. Such people could be your bosses who you ask for advice on how to improve your performance at work or on other aspects of life. A characteristic of mentoring relationships is that they involve positive working relationships and constant communication. When a vacant position arises, you will be better placed to fill the position as the bosses will most likely recommend you to the position. If your company does not have such kind of mentoring programs, you can try and start positive working relationships with people in senior positions. You will be surprised how far this can take you.

Quantify your results

Whereas promotions are not necessarily as a result of your past performance, having a proper track record of exemplary performance can go a long way in creating a case for your promotion. At the same time, you stop being relevant the moment you fail to produce results. You must strike a good balance because only those who get results can progress to better positions. Keep a record of the results of your efforts that enhanced the company’s profile or placed your department or section in good light.

Sell yourself

If nobody knows how great you are, chances are that you will not get ahead. Let your qualities be known. What do you stand for? What do you bring to the table? If you have invented something or have come up with programs that are successful, let people be aware of them especially the team that is in charge of hiring and promoting staff. Let people know that you are ambitious and that you are eager to get ahead.

Acquire new skills

Look for areas that are critical to the organization and expand your knowledge and practical skills. Technology changes rapidly and so is the job demand. Find ways to not only perform your duties but also stay marketable.

Besides the tips mentioned above, you need to be a team player, act professionally and look out for opportunities. Then and only then will you be able to climb the corporate ladder as a business analyst successfully.