Vitamin-M Wealth Clinic

Child Education Plan – Everything You Should Know!!! Generally, Child Education Plan is loosely coined as a Child Plan, Child Investment Plan or a Child Insurance Plan. If you have a minor child (preferably in the age group of 0 to 10 years) at home, you should read this article completely and carefully. Having a child is a blessing and every parent wants to provide the best to their child. As the child grows up he has many needs, such as education, higher education, marriage etc. A Child Education Plan is a tailor-made investment cum insurance option to meet the financial needs of a child. In a Child Education Plan, there are two components– insurance and investment. The insurance component is designed to protect the child from unfortunate events such as the demise of the parent wherein the child gets a fixed annual payment in case such an event occurs. The investment component is designed to meet the financial needs of the child through accumulation of ...

स्वास्थ्य बीमा अब आपके कर्मचारियों के लिए अनिवार्य !!!   कोविद -19 (कोरोना वाइरस) महामारी ने दुनिया को बदल दिया है और सबसे महत्वपूर्ण बदलाव स्वास्थ्य सेवा से जुड़ी चिंता है। गृह मंत्रालय की हालिया अधिसूचना ने सभी व्यवसायों (छोटे, मध्यम और बड़े) को अपने कर्मचारियों को स्वास्थ्य बीमा प्रदान करने के लिए बाध्य किया है। यह दिशानिर्देश तब अस्तित्व में आएगा   जब, लॉकडाउन खत्म होने के तुरंत बाद, वे अपने व्यवसायों को फिर से शुरू करते हैं। इससे पहले, यह अनिवार्य नहीं था, हालांकि, कई बड़ी कंपनियां अपने कर्मचारियों को अपनी प्रतिभा बनाए रखने और अपनी कंपनी के लिए कर लाभ प्राप्त करने के लिए समूह चिकित्सा कवर (Group Medical Cover – GMC) प्रदान कर रही थीं। पिछले हफ्ते, कोविद -19 महामारी के कारण, सभी व्यवसायों के लिए नए दिशानिर्देश अपने कर्मचारियों के लिए स्वास्थ्य सेवा को ध्यान में रखते हुए जारी किए गए। भारत सरकार के गृह मंत्रालय (MHA) द्वारा संशोधित दिशानिर्देशों का एक हिस्सा 15 अप्रैल 2020 को दिया गया है, जिसमें कहा गया है: सभी औद्योगिक और वाणिज्यिक प्रतिष्ठान, ...

Health Insurance Now Mandatory For All Your Employees!!! Covid-19 Pandemic has changed the world in many parameters and the most important change is the concern related to healthcare. Recent notification from Home Ministry has mandated all the employers (small, medium and large businesses) to provide Health Insurance cover to their employees immediately after the lockdown gets over, when they resume their businesses. Earlier, it was not mandatory, though, many big companies were providing Group Medical Cover (GMC) to their employees to retain their talent and to get tax benefits for their company. Last week, due to Covid-19 Pandemic, new guidelines for all the businesses were issued keeping in mind the healthcare practices for their employees. A part of the Consolidated Revised Guidelines by Ministry of Home Affairs (MHA), Government Of India, delivered on 15 th April 2020, states that: All industrial and commercial establishments, workplaces, offices etc...

Covid-19 has compelled you to stay at home and safeguard yourself from this pandemic. You always wanted to peek into your old files and documents to set right all the important ones and discard the non-essentil ones.  Let us use this opportunity of lock down to get into your old files and look for those important documents. Many unfinished documentation task can be completed efficiently in these days. I am sure when you get into your old files, many of the old memories would resurface. They will surely give you a sense of satisfaction and confidence when compared with your present career situation. Also, there is a possibility that you would find some investment documents which you might have forgot. And these investments must have gained good amount of valuation by now.  Remember: The forgotten investments always reward the most Try to read through each and every page in your old bunch of files and if any investment documents are found, keep them separately. Try ...

Corona Virus has created lot many fears in our minds and the most common fear we are developing is the uncertainty of everything around us in the near future. I came across a query from one of my clients asking what if his life insurance company cannot afford to settle the claims. This concern is very common and even you might have thought about the situation wherein if most of the customers of your life insurance company die due to outbreak of Covid-19 and your company may not be in a position to settle everyone’s claims. The happy news is that IRDA (Insurance Regulatory and Development Authority of India) strictly maintains the record of Solvency Ratio of all the insurance companies. And, because of this clause in existence you can stay confident that all the claims of your life insurance company will be settled and honored . What is Solvency Ratio? IRDA stipulates that all insurers - Life, Health and General—maintain a minimum solvency ratio of 150%. Solve...