Friday, November 30, 2007

Health insurance:

There is a new trend now a days,to subscribe for insurance plan for many purposes.This post is to describe the its importance in sports field and some info about Health Insurance.
Unfortunately,the accidents may occur when we are involved in some kind of sports.For such cases,it is a good idea to have your Health Insurance.

-->The term health insurance is generally used to describe a form of insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from high or unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government.
Health insurance works by estimating the overall risk of healthcare expenses and developing a routine finance structure (such as a monthly premium or annual tax) that will ensure that money is available to pay for the healthcare benefits specified in the insurance agreement. The benefit is administered by a central organization, most often either a government agency or a private or not-for-profit entity operating a health plan.

-->A Health insurance policy is a contract between an insurance company and an individual. The contract can be renewable annually or monthly. The type and amount of health care costs that will be covered by the health plan are specified in advance, in the member contract or Evidence of Coverage booklet. The individual policy-holder's payment obligations may take several forms:->Premium: The amount the policy-holder pays to the health plan each month to purchase health coverage.
->Deductible: The amount that the policy-holder must pay out-of-pocket before the health plan pays its share. For example, a policy-holder might have to pay a $500 deductible per year, before any of their health care is covered by the health plan. It may take several doctor's visits or prescription refills before the policy-holder reaches the deductible and the health plan starts to pay for care.
->Copayment: The amount that the policy-holder must pay out of pocket before the health plan pays for a particular visit or service. For example, a policy-holder might pay a $45 copayment for a doctor's visit, or to obtain a prescription. A copayment must be paid each time a particular service is obtained.
->Coinsurance: Instead of paying a fixed amount up front (a copayment), the policy-holder must pay a percentage of the total cost. For example, the member might have to pay 20% of the cost of a surgery, while the health plan pays the other 80%. Because there is no upper limit on coinsurance, the policy-holder can end up owing very little, or a significant amount, depending on the actual costs of the services they obtain.
->Exclusions: Not all services are covered. The policy-holder is generally expected to pay the full cost of non-covered services out of their own pocket.
->Coverage limits: Some health plans only pay for health care up to a certain dollar amount. The policy-holder may be expected to pay any charges in excess of the health plan's maximum payment for a specific service. In addition, some plans have annual or lifetime coverage maximums. In these cases, the health plan will stop payment when they reach the benefit maximum, and the policy-holder must pay all remaining costs.
->Out-of-pocket maximums: Similar to coverage limits, except that in this case, the member's payment obligation ends when they reach the out-of-pocket maximum, and the health plan pays all further covered costs. Out-of-pocket maximums can be limited to a specific benefit category (such as prescription drugs) or can apply to all coverage provided during a specific benefit year.
Prescription drug plans are a form of insurance offered through many employer benefit plans in the U.S., where the patient pays a copayment and the prescription drug insurance pays the rest.Some health care providers will agree to bill the insurance company if patients are willing to sign an agreement that they will be responsible for the amount that the insurance company doesn't pay, as the insurance company pays according to "reasonable" or "customary" charges, which may be less than the provider's usual fee.Health insurance companies also often have a network of providers who agree to accept the reasonable and customary fee and waive the remainder.It will generally cost the patient less to use an in-network provider.

Educational loans:

This blog post is for my friends who are searching for loan for studies abroad.I hope this post helps them.

Education Loans
Education loans are term loans offered to deserving students pursuing higher education either in India or abroad. All employment generating courses are eligible for education loans.
Eligible Courses: Graduation/ Post graduation/Professional course in any stream Any other course approved by Government.
Maximum Amount of Student Education Loans:The amount of educational loans varies in different banks. Generally the maximum educational loans granted is Rs. 10 lacs for studying in India and a maximum of Rs. 20 Lakhs for studying abroad.
Expenses Of Education Loans:Banks and other institutions may have different criteria for selecting as to what constitutes the education expenses. A few common expenses covered under education loans are as follows :
Tuition fee payable to college/school
Examination/library/hostel charges
Travel expenses
Purchase of books/equipment/uniform
Cost of two wheeler (Optional) Repayment of the loans can be done by Equated Monthly Installments EMI. It generally commences after one year of the completion of course or six months after securing the job. The time period can vary depending on the policies of individual banks.
Interest on Education Loans:The interest on education loans varies from bank to bank and also the prevailing market rate. The rate of interest can increase or decrease with respect to the amount of loans required.
Process Of Obtaining Education Loans:Education loans forms are available at bank premises. Online forms are also available for ease of the clients. Generally no processing fee is charged. A deposit can however required sometimes, which is adjusted later on.
Documents Required for Education Loans:
Completed Education Loans Application Form
Original mark sheets of last qualifying examination
Proof of admission scholarship, studentship etc
Prospectus of the institute containing schedule of expenses for the specified course
Passport size photographs
Borrower's Bank account statement for the last six months
In case the borrower in an income tax payee, Income tax assessment order, of last 2 years
Brief statement of assets and liabilities, of the Co-borrower , if any
Proof of Income (i.e. Salary slips/ Form 16 etc) , if any
List of Some of Public/Private Sector Banks Providing Education Loans:
Allahabad Bank - Allahabad Educational Scheme
Bank of Baroda - Baroda Gyan
State Bank of India - Expenses For Education
United Bank of India - Education Expenses Covered
Bank of India - Star Education Scheme
Oriental Bank of Commerce - Education in India
Indian Bank - Convenient Study
UCO Bank - Pursuing Higher Education
Dena Bank - Dena Vidya Laxmi Loan Scheme
HSBC Bank - Comprehensive Education Coverage
State Bank of Bikaner & Jaipur - IBA Model Scheme For Education
PNB Bank - Vidyalakshyapurti
Maharashtra Bank - Loan Amount For Study

Thursday, November 15, 2007

Dravid's class helps Karnataka dominate:


As he did at the Wankhede Stadium last week, Rahul Dravid stamped his class on the Ranji Trophy with another century. This time his team was not trailing and the opposition, Himachal Pradesh, was weaker but the temperament was the same on a slow and dry Chinnaswamy Stadium pitch. Dravid's innings was flanked by two contrasting half-centuries, from opener KB Pawan and C Raghu, and at the end of the day Karnataka had 271 for 4 on the board.

For the first 31 minutes of Karnataka's innings Dravid sat in the far right corner of the dressing room, eyes fixed on the proceedings in the centre. The younger players sat a few rows away, chatting among themselves as Dravid shared a few words with Anil Kumble, the captain, and the coach Vijay Bhardwaj. As soon as Barrington Rowland slashed a poor drive into the wicketkeeper's gloves in the eighth over, Dravid got up, gathered his helmet and gloves, and strode out.

Having played much of his first-class cricket at his home venue, Dravid knew this surface, even though it's been relaid. The feet moved, the head was still, the weight balanced. The distinct sound of ball middled on bat reverberated around the empty stadium and Dravid was away. Not once was he beaten all day, and the one instance he got into his shot early, against Ashok Thakur, the left-arm medium-pacer, he shook his head and walked to square leg.

Dravid's first four boundaries, all against the quicker bowlers, were back-foot elegance: with the first he rolled the wrists late and hard to cut through gully, and with the next three he shifted the weight to push through the covers. He was especially good off his pads, shuffling across to off and tucking the spinners into the gap at short fine leg and square leg.

What stood out was his mood to dominate. He made the major contribution to the 50-run second-wicket stand with Pawan, and raised it with a six over long-on off Sarandeep Singh, the former India offspinner. Eight minutes before lunch Dravid brought up his half-century with a second six, again off Sarandeep, over the same boundary. On the last ball of what he thought was the final over before the interval he slammed a four over mid-on, tucked his bat under his left arm, and headed straight for the dressing room. The umpires had one more over in mind, though, and soon Karnataka's hundred was raised.

During the break Dravid was visibly relaxed, talking to his team-mates and spending a few moments with his family. Break over, he went out and resumed his role, slamming another six over long-on, this time off left-arm spinner Vishal Bhatia.

Pawan, who reprised his first-innings fifty against Mumbai with a measured 56, hit a fine straight drive off Thakur and brought up his fifty with a cover-drive for four. It took 155 balls and Pawan received a congratulatory pat on the back from his senior partner. How much Karnataka's youngsters have to gain by batting with Dravid is palpable.

Against the run of play, Pawan received one outside off from Bhatia that sat up. Pawan initially went back but, as he tried to withdraw an angled bat, he played on to his off stump. He scored 56 from 167 balls in 207 minutes, and helped add 131 with Dravid.

Sarandeep returned for a second spell - his first saw ten overs for 38 - and should have had Raghu caught but short leg failed to clutch on to a low chance off the pads. Next ball, Raghu got to the pitch and drove four through the covers. He was far more aggressive than Pawan and the singles began to come at a fair clip.

Dravid's third six came over his favoured long-on, Sarandeep the bowler to suffer. He moved from 95 to 99 with a pleasing cover drive and at 2.32 on a pleasant afternoon, Dravid reached his second hundred in as many innings, off just 161 balls. It was almost too easy - he knelt down and paddled one from middle and leg to fine leg, ran two, and raised his bat.

Dravid's fourth six wasn't timed to perfection - it seemed he was eyeing extra cover rather than left of mid-on - but had enough on it to carry it over the boundary. Arguably his two best shots came in the next two balls: Bhatia pitched fractionally short on the stumps and both times Dravid just went back and pushed boundaries perfectly between midwicket and mid-on.

He was out soon after, beaten by a shooter from medium-pacer Vikramjit Malik, who had persevered all day. It pitched marginally outside off and kept very low to sneak under the bat and knock back off stump. For 180 balls and 251 minutes Dravid was a rock, playing good ball and bad with consummate ease, but the poorest of deliveries had him cleaned up. It was a pity there were no more than 50 people there to watch.

During an extensive pre-match net session yesterday, Dravid said Karnataka wanted to bat just once and, judging by the platform he's helped build, that may just be the case on an under-prepared track certain to help the spinners as this match progresses.

Tuesday, November 13, 2007

Tuesday, November 6, 2007

A Dravid decade: Tears and trophies

It's been a career filled with so many landmarks, that Rahul Dravid nearly forgot about the significance of June 20, 2006. Not until someone in the press reminded him, did he realise that he'd just completed ten years as a Test cricketer. It's been an unforgettable journey since that glorious day at Lord's in 1996, the likes of which Indian cricket might not see in a long time.
Dravid looked back at the phase with satisfaction, talking about how fortunate he was to have got this far. "I've been able to do what I love for ten years at such a high level, at a level that's given me great satisfaction" he told Cricinfo while tending to Samit, his baby boy. "I've played with and against some of the great players in the world, for ten years. What more can you ask for? To be able to make my hobby into a career for ten years is fantastic."
The moment it all started was fresh in Dravid's memory. "It was very special to make my Test debut at Lord's, walking out there and representing your country for the first time. Playing Test cricket was something I wanted to do all my life and it's been great to fulfill so many of my dreams."
It's been a rise like few others, from a young boy whose first instinct was to leave the ball to a most complete batsman who can hit, and hit well. Even more, it's been a transformation of the person: "I've changed as a person and as a cricketer. Just the experiences I have gained over ten years - played in different conditions, travelled the world, met different people. I have experienced so many things in these ten years; I have experienced success, I have experienced failure - all that has obviously had an impact on me as a person and as a cricketer. I hope it has been in a positive way but more importantly for me, it has been an enjoyable ten years."
Dravid's achievements hardly need chronicling, but one of his most significant might be that of scoring runs in all conditions, all countries, against all attacks. Greg Chappell, India's coach, highlighted that point. "It is an indication of his ability, of his physical strength, his skills, his mental strength. From a mental point of view, he's one of the toughest cricketers I've met."
It's a point of view that many of Dravid's team-mates endorse. "I have seen many cricketers but no-one with as much concentration," said Harbhajan Singh. "Apart from that, it's amazing how he's lifted his game in the last four years. He went from a good player to a great player. You learn a lot by watching him, realise why he is doing this or that. He's a very good thinker of the game, talks very well on the game. Thinks ahead always - if we do this now, that may happen in the evening session. It's a lot of fun discussing cricket with Dravid."
It would need several reams to fill Dravid's achievements but the last five years will occupy a special place for him. "The last five or six years have been the period when I have been the most involved and the most enjoyable part of it. The way the team rebuilt after the Test in Karachi [going on to win the one-day series earlier this year] is probably my best moment as a captain."
Dravid will undoubtedly go on to break several more barriers but nobody can forget the moment that set the whole process off. His 95 on debut confirmed that he belonged in this arena but his decision to walk when he feathered an edge off Chris Lewis to Jack Russell behind the stumps proved that he was there to stay. He'd side-stepped the first hurdle but no bowler, wicketkeeper or umpire was going to stop him from clearing several more.