Anandprakash G Mishra – Nishi Investments

ROLE OF RIDERS / ADD-ONS IN PROVIDING COMPREHENSIVE HEALTH INSURANCE COVER

Anandprakash G Mishra — Mon, 12 Sep 2022 09:50:23 +0000

No one can deny the fact that Health insurance is one of the most important insurance cover for the majority of Indians. With the rising cost of health care treatments, facilities and health issues, it is becoming a necessity rather than an option.

While it is important to have health insurance, it is equally important to have adequate & comprehensive Health Insurance Coverage. But why? In India, studies have estimated that 65% of healthcare expenditures are out-of-pocket expenses, which are not covered by most health insurance policies in the market. So what is the solution?

There are riders and add-ons available along with health insurance policies to help us in providing better & enhanced health insurance coverage. Let us understand this further:

LIFESTYLE INFLATION – A SILENT KILLER OF WEALTH

Anandprakash G Mishra — Mon, 12 Sep 2022 09:45:27 +0000

Inflation is a common enemy for all investors. It slowly deteriorates the purchasing power of your money. Inflation impacts your daily lifestyle in small doses, making it unnoticeable from one year to the next, but its aftermath at times can be devastating.

Lifestyle, on the other hand, is to be able to spend your life in your own way. Lifestyle is very subjective. It means different things for different people. The role of inflation is more or less the same in all the scenariosbut it doesn’t stop here. With rising income, we also tend to upgrade our expenses. In other words, if income increases by 1X times, our spending might grow 2X times, considering our new lifestyle or social status. This goes on year by year, and without us even knowing it, we get trapped in lifestyle inflation.

In this situation, when it comes to savings, you would hear people say that “I seem to earn more, but I still can not save money”. Well, this is how lifestyle inflation operates. It makes you spend more and more money to achieve a higher standard of living. It can occur anywhere, from everyday expenses (like a cup of coffee) to big purchases (like buying a car). As a result, there is more money, but the problem is still the same. And that is how lifestyle inflation becomes a silent killer of your wealth.

SAMPOORNA SURAKSHA – AT THE HEART OF YOUR FINANCIAL PLANNING

Anandprakash G Mishra — Sat, 07 May 2022 15:27:31 +0000

Life has become uncertain in the current environment. The past few years have made us see the uncertainty surrounding our life and health, in addition to many other challenges. This would have come as a surprise for many but now this is the well-accepted reality of life. Our financial planning is incomplete unless we provide protection against these uncertainties of life.

Today, insurance has become a critical element of your financial planning. Generally, there are three critical elements at the heart of any financial planning –

Wealth Creation – Investment & portfolio planning for financial well-being and meeting life goals.
Wealth Transfer – Management and transfer of wealth to the next generation.
Wealth Protection – Ensuring your wealth does not erode due to any uncertainty, through insurance.

LONG TERM INVESTMENT SAHI HAI

Anandprakash G Mishra — Thu, 05 May 2022 13:14:14 +0000

Difference between Mutual Funds & Shares

Anandprakash G Mishra — Wed, 04 May 2022 12:58:33 +0000

When you invest in shares, you are directly purchasing a small part of the company/business. But mutual funds, on the other hand, are instruments through which you can invest in the shares of different companies. Besides that, Mutual Funds also allow you to invest in bonds, gold, real estate and other money market instruments.
When you invest in shares, you have to analyse different stocks, compare them and perform all tasks yourself. But Mutual Funds are managed by professional fund managers.
Stocks do not extend the feature of Systematic Investment Plans [SIP] while Mutual funds come with the feature of the SIP.
Only if the stocks allow it, diversification is possible. But Mutual funds offer more opportunities for diversification.