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Features of the IRDAI’s COVID cover

Features of the IRDAI’s COVID cover This cover comes with a minimum sum insured of Rs 50,000, and a maximum sum insured of Rs 5 lakh. The ICU charges have been capped at Rs 10,000 per day, room charges have been capped at Rs 5,000 per day, and quarantine charges at Rs 3,000 per day. The tenure of the policy is set at one year. It will be available on a family floater basis for individuals with a minimum entry age of 18 years and a maximum of 65 years. The policy will be subject to lifelong renewability. The hospitalization cost covers room, nursing expenses, boarding expenses which is up to 2 per cent of the sum insured, capped at Rs 5,000 per day. It also includes surgeon, consultants, specialist fees, anesthetist, medical practitioner, paid directly to the treating doctor, surgeon, or hospital. Other similar expenses include operation theatre charges, surgical appliances, anesthesia, blood, oxygen, medicines and drugs, costs towards diagnostics, and diagnostic imaging modalities. Acc...
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ICICI bank formed strong base near 200 DMA, Buying opportunity.

ICICI bank formed a strong base near 200-SMA. It has formed a double bottom at 340 on the daily chart along with positive divergence in RSI which suggests a reversal is around the corner. Indicators and oscillators also lending support to the price action. Traders can take an entry from the level of Rs 354 for the target of Rs 395 while keeping stoploss of Rs 340. https://www.tradingview.com/x/u40XW11m  ICICI Bank: Buy Around Rs 354 Target: Rs 395 Stop Loss: Rs 340 (354-13.67) ATR: 13.67 Upside: 10 percent Declaimer- Above info is based on technical analysis, it does not mean else. -Let's Make Money #M10M

Reliance is true multibagger stock

7 July, 2020, Surat, #Reliance has given +16% CAGR returns in the last 12 years. 🔸 Out of those 12 years, it was stuck between 350-575 for almost 8 years. 🔸 Most of the movement came after 2017. 🔸 It's easy to say buy & hold quality stocks but in reality, it's difficult!  In the stock markets, things looks crystal clear in hindsight.  🔸 It's easy to say something today like "if you had bought shares of XYZ company 10 years back, it would be worth ₹XX today" 🔸 But in present reality, things are not as clear as they might seem in the future!

Indian Finance Minister announces measures taken under Economic stimulus of 20 Lakh Crore.

FM says 15 measures to be announced today.  - Collateral free loan for MSMEs upto Rs 3 lakh crore. - MSMEs with Rs 25 Crore outstanding loan or Rs 100 crore turnover can avail. - 100 percent credit guaranteed (presumably by govt) - To benefit 45 lakh MSMEs -Loans will be of 4 year tenure. 12 month moratorium on principal payment. Interest to be capped. Announcement 2: -- Rs 20,000 crore subordinate debt programme for stressed MSMEs -- 2 lakh MSMEs to benefit including stressed / NPAs -- Govt to provide Rs 4000 crore to the Credit Guarantee fund, which in turn will provide the debt. Announcement 3:  -- Fund of funds with corpus of Rs 50,000 crore for equity infusion in MSMEs Announcement 4: -- Change in definition of MSMEs -- Micro: Investment upto Rs 1 cr / turnover upto Rs 5 cr -- Small: Investment upto Rs 10 cr / turnover upto Rs 50 cr -- Medium: Investment upto Rs 20 cr / Turnover upto Rs 100 cr Announcement 5: -- For govt. pr...