You can get a ₹ 1 Crore health cover at just ₹ 10k p.a.🤯

No absurd assumptions or riders, promise🙏

Read on, I'll teach you how to get it 👇👇

And everything about Health Insurance 🤩

1/ Get a health cover of ₹10L and super top-up of ₹90L

Super top-up plans are generally less expensive

It offers financial relaxation when hospital bill crosses your base cover

But are such plans available at <10k pa for a 25 yo?🤔

Yes!🤩 Read to know more about riders👇

2/ How should I choose my insurance company?

Go to IRDAI's website and check for their Annual Report

See which all insurers have:

1. Claim Settlement Ratio of 90-95%+ AND
2. Incurred Claims Ratio of >70-75%

Choose any one of them!

3/ Room Rent Limit

This is a very important limit

If room rent limits get triggered,

you'll have to bear other expenses on pro-rated basis

e.g., Room Rent limit 3k, amount incurred 5k

Then you will have to bear other expenses also to the tune of 40% [(5k-3k)/5k]

4/ Co-Pay Limits

Co-pay is the share payable by the insured and insurer

Make sure you get 100% paid by the insurer

GOLD HACK: Unless, your parents' premium is too high, you can get 20% co-pay option and reduce it

Day in the Life of a Hedge Fund Analyst

Few live to tell the tale.

"Was it like Billions?"
"Describe ur investment process?"
"What did u learn?"

I get these questions all the time, but for a while I was afraid of answering publicly. No more!

Hedge fund story time.
👇
🧵/

1/ ⏰ 6AM Pre-Market Review

Wake up thinking about ur overnight positions.
What happened during London/Asia trading?
Scan the major news on ur way to office.
🏢🚕🚶‍♀️

Think about how ur getting screwed by beta (general macro, FOMC, inflation, etc.) cuz ur net long (or net short).

2/ 7AM Portfolio Review

U'll typically have ~250 names in the portfolio "universe" (stocks w/ active positions & those on watchlist but already modeled).

Review each thesis vis-a-vis new market conditions. Anything changed?
Should u downside/upsize any?
New trade opportunities?

Here's a checklist of top items to check per company:

- Any earnings calls this week?
- Any product releases?
- Any new sell-side reports? Downgrades/Upgrades?
- Any M&A rumors in the space?
- Any management change announcements?
- Any guidance revisions?
- Any legal happenings?

3/ 8AM Plan out your daily/weekly agenda

Major types of events that'll populate ur calendar:
- Investor day at XYZ
- Q1-Q4 earnings call
- XYZ road show
- Dinner event w/ IR (investor relations) at XYZ
- Private buy-side bus trip (w/ mgmt @ XYZ) arranged by GS
- JPM conference

India’s largest lender SBI is gradually capturing the very lucrative unsecured personal loan(PL) market.

A thread 🧵

As per credit bureau CRIF Highmark Unsecured PL market has seen significant growth in recent years. This has been driven a lot by liquidity crunch due to lockdown and emergency medical needs.

Total unsecured PL portfolio as per CRIF was estimated to be at 4.1 lakh crore as on March 19. This increased to 6.5 lakh crore by March 21.

Interestingly, in spite of fintech and NBFC penetration, public sector banks still had majority share – they originated 50% of incremental unsecured PL loans in FY 21 by value.

SBI’s PL portfolio during the period also increased from 1 lakh crore in March 19 to 2.4 lakh crore. This growth was driven by their Xpress credit product which uses credit bureau and other data to sanction loans within just eight minutes!

Why and when the markets stopped caring about the Russia-Ukraine conflict? A short thread🧵

The news coming in from Ukraine remains concerning with huge losses and humanitarian crisis.

But for the last 10 days the markets seems to 'Not Care' and react to the news.

Read why

Markets become very jittery if they can sense a large financial panic because of an external event.

One gauge to measure what the market is pricing-in is the funding stress indicator.

For instance, the FRA-OIS spread in US measures the funding stress in interbank markets.

The FRA-OIS spread, which measures the gap between the U.S three-month forward rate agreement and the overnight index swap rate, is an indicator similar to the TED Spread.

TED spread gained a large analyst following during the global financial crisis in 2008.

The FRA/OIS spread expanded from under 5bps to 38bps since Russia Ukraine crisis began.

The same spread had jumped to 80 from 10 during the COVID crisis scare before US Fed and other central banks stepped in.

Take a look at the graph.

What does this mean?

Equity, bonds and currency markets are most sensitive to problems in interbank markets. Why?

Because interbank markets runs financial markets to a very degree. From margin payment in f&o segment, to short term credit, to credit for economy ....

I recently bought health insurance for few family members. The kind of person I'm, this meant an uncontrollable spiral into research

I read through at-least

- 15 policy documents,
- handbooks+circulars published by IRDAI (the regulatory authority),
- and several blogs

Though I didn't particularly enjoy the verbose obfuscations that policy documents are, I ended up learning a lot about what to look for while buying Health Insurance

I will share some of my observations, hoping that it helps those who don't enjoy reading policy wordings as much as I do

**10 things to remember while buying health insurance**

1. Room charges - If you are in Bangalore, the average room rent for a single room is ~8k/day.

Now the fun part

The room rent across major Insurers is generally capped to 1% of Sum Insured(SI) per day; which means if your SI is 5 lakh, the insurer WON'T pay more than 5k/day

Note - SI is the industry jargon for insurance cover

ICU room charges are generally capped to 2% of SI; which means if your SI is 5 lakh, the insurer will NOT pay more than 10k/day

If you have had experience with ICU charges, 10k/day is nothing for ICU