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Understanding the importance of medical insurance is essential because we have already discussed why it is necessary. But it's equally important to choose the right health insurance. Today, we will discuss 10 factors to consider before choosing health insurance. Let's explore these factors: 1. Insurance company: First, determine if the insurance company is reliable. Consider their customer service and the ease of receiving insurance benefits. 2. Claim settlement ratio: This ratio indicates the percentage of insured individuals who have received the insurance amount they requested. A higher ratio signifies that more people are being paid by the company. Therefore, choose accordingly. 3. Pre and post-hospitalization: Check if your medical insurance covers expenses before and after hospitalization, including tests and prescribed medications. 4. One-day medical expenses: Some medical treatments are completed within a day but can be quite expensive. Verify whether such one-day m...

In today's world, the number of diseases is increasing, and so are medical expenses. This is a concerning situation that many of us worry about. However, there is a solution to overcome these challenges: health insurance. So, what exactly is health insurance?  Let's delve into its meaning and significance. Health insurance is a type of insurance that we can obtain to prepare for our future medical needs.  It serves as a financial support system in case we fall ill, experience an accident, or require any other medical assistance. Imagine a scenario where we don't have substantial financial assets or significant savings. Meanwhile, the well-being of our family relies on our income. If we or any of our family members were to get sick during such circumstances, we would face severe difficulties due to the high cost of medical treatment. Moreover, if we lack sufficient funds to treat the illness, it could even result in death. This is where health insurance plays a crucial role...

We often hear the saying, "Don't jump into something without understanding it fully." This applies to investing in the stock market as well. Before investing, it's important to have complete information about it. Today, we will learn about three key values in the stock market: Face Value, Book Value, and Market Value Face Value: The face value of a company refers to the initial value of a share when the company is started.  For instance, if $10,000 is invested in a company and it is divided into 1,000 shares, the face value of each share is $10. Investment                                      $10000 ----------------- = Face value  $10   Number of shares                               1000 Book Value: The book value of a company is the current value of the company, which is calculated by subtract...

To receive dividends, we need to be aware of specific days.  This is because the answers to dividend-related questions are provided on these particular days. 1.Announcement Date (or Declaration Date):   The Announcement Date or Declaration Date is when a company's Board of Directors decides and announces how much dividend they will give to their shareholders and when. This is an important day because it provides answers to the following questions: • How much dividend will we receive? • When will the dividend be available? • Who will be eligible to receive the dividend? 2. Record Date:   The Record Date is the most crucial day to know about when it comes to dividends. This is because on this day, we can only receive the dividend from a company if we hold the company's shares in our Demat Account (a type of electronic securities account).  The company determines the eligibility for dividend payment on this day based on the ownership of shares. 3.Ex Dividend Date: ...

 We want to invest in a company that provides good dividends. It is important to understand the concept of Dividend Yield. Dividend Yield helps us identify companies that offer substantial dividends. So, what exactly is Dividend Yield?... It is the percentage of a company's current market price that is paid out as dividends to its shareholders .   Let's take an example to understand this better. Suppose a company has a market price of $200, and it pays out $20 as dividends to its shareholders. In this case, the company's Dividend Yield would be 10%. This means that the company is paying out 10% of its market price as dividends. Calculating Dividend Yield is simple. We divide the dividend amount by the market price of the company. In our example, the calculation would be: Dividend = $20 Market price = $200 Dividend Yield = Dividend / Market price  $20 / $200 = 0.1 = 10% Dividend Yield Now, let's talk about how we can use Dividend Yield...  As mentioned earlier, Divide...

Dividend  is a benefit of investing in the stock market.    It is a portion of a company's profit that is shared with shareholders who have invested in that company. When we buy shares of a company, we become shareholders. If the company makes a profit and doesn't need all of it for new investments or company expansion, they may distribute the remaining profit to shareholders as dividends. The decision to pay dividends is made by the company's board of directors.  Dividends can be given in the form of cash or additional shares. Not  all companies are required to pay dividends. It  is entirely up to the company to decide. If we want to earn a small income from our stock market investments, we can choose to invest in companies that pay dividends. Let's make our investment choices clear.