M. Pattabiraman's Blog, page 110
January 30, 2023
Claim rejection data for standalone health insurers for FY 2021-2022
Based on the IRDA annual report, we discuss the claim rejection data for standalone health insurers for FY 2021-22. We can only answer how many claims health insurers reject yearly for standalone health insurers. IRDA does not provide break up details for the total claims processed by general insurers. For general insurers (including PSUs), we...
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January 29, 2023
Should I opt for higher EPS pension by contributing a lump sum?
After the recent supreme court ruling on the Employee Pension Scheme (EPS), EPFO subscribers, as of 1st Sep 2014, can retrospectively contribute 8.33% of their basic + DA to the EPS via a deduction from the EPF. The option to do this has been opened only to a section of employees and is expected to...
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January 28, 2023
How I learnt to keep it simple and build a net worth 19 times my annual expenses
In this edition of the reader story, we meet 27-year-old Pretorius. He shares his mistakes, his redefined goals and how he tries to focus on the big picture and keep things simple. About this series: I am grateful to readers for sharing intimate details about their financial lives for the benefit of readers. Some of the...
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IRDA Life Insurance Claim Settlement Ratio 2023
Claim settlement ratio = the number of claims paid divided by the total number of death claims received. The Life Insurance Claim Settlement Ratio 2023 (data is from 1st April 2021 to 31st March 2022), sourced from the IRDA annual report, is tabulated below. Life Insurer Claim Settlement Ratio for FY 2021-2022 Aditya Birla Sunlife...
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January 27, 2023
Edelweiss Short Duration Index Fund: Who can invest?
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund is an open-ended debt Index Fund investing in the constituents of CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index. The fund is classified as having “relatively high-interest rate risk and relatively low credit risk”. Let us consider the salient features of the fund....
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January 26, 2023
Stock Portfolio Analysis: January 2023
This article compares my stock portfolio with an equivalent investment in a Nifty index fund and the Nifty 100 Low Volatility 30 TR index. We post this comparison each month. Before we begin, new readers need to appreciate the context of these investments. I started direct equity investing only after achieving a comfortable level of...
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January 25, 2023
I lost my job but got a big severance package – is this enough for financial freedom?
A reader says, ” I am 45 years old and am doing well. My company recently shut down operations in India, and I have been offered a hefty severance package. I wanted your advice on generating 10% annual returns ( or the best returns possible)”. “Here is my financial status: Severance package: 70 Lakhs Self-owned...
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January 24, 2023
Will we pay more tax for equity MFs than debt MFs in future?
From April 1st 2018, long term capital gains on stocks and equity mutual funds over Rs. one lakh have been taxed at the rate of 10% (plus 4% education cess) without indexation benefits. P V Subramanyam of subramoney recently pointed out to me that we will be paying more tax on equity mutual fund gains...
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January 23, 2023
Debt mutual fund screener (Jan 2023) for selection, tracking, learning
This is a debt mutual fund screener for fund selection, fund portfolio tracking and learning. It also includes hybrid funds that invest in bonds. It will satisfy investors who wish to invest in money market funds, banking and PSU funds etc. The credit quality of the bonds in the portfolio and the bond maturity profile...
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January 22, 2023
How should I switch funds so that my portfolio always has the top mutual funds?
A reader asks, “I have been investing in MF through SIP for 15+ years. I have the habit of reviewing my mutual fund portfolio in January every year (15 years so far) and comparing my MFs to their peers. I check for 1 year returns. If my MF is in the top 3 for the...
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