Credihealth - Revolutionizing mHealth in Digital India

Healthcare has come a long way, evolving through centuries of development and the addition of methodologies of cure and care. In fact, the whole approach to medical care and diagnostics has changed – adopting new medicines, care technology, and curing techniques. The IT revolution has transformed the mobile health sector by bringing patients and doctor closer like never before. Basic diagnosis is just a click away in this age of information. This week, The Indian Capitalist reviews the number 1 company in digital healthcare space - Credihealth.

Credihealth is your medical assistant on-the-go. The Android application helps the patient or her family member type the symptoms and it lets you know the nearest doctor available. In case the patient needs surgery, Credihealth helps the patient make an informed decision by providing him with  three or more treatment quotations from leading hospitals. This helps patients compare and select the best option for himself. Credihealth app can search for the best specialist in any field on searching a surgery name. All the health app user needs to do is type in the surgery name, which will then get him a list of top doctors and surgeons who’re experts in performing the surgery.

Features of Credihealth

• Search according to medical condition, symptom, specialty, doctor or hospital name.
• Select and confirm your appointment from any of 25,000+ Specialist Doctors from 450+ Hospitals in Delhi NCR, Mumbai, Hyderabad, Kolkata, Chennai, Bangalore and Indore.
• Check credentials, experience, education qualifications, OPD schedule and fees.
• Get cost estimate of medical procedure from any 3 hospitals of your choice. Medical cost estimation will help you to choose the cheapest option and save your money in important times.
• Get details about amenities and services of Hospitals.
• Easy & Hassle FREE appointment booking at NO extra cost
• Guidance from in-house Medical Experts.
• You can book doctors appointment by calling Credihealth's tollfree healthline 1800 1022733

The Indian Capitalist tested the app. We searched for doctors related to Cardiology near Girgaum, Mumbai and got the results immediately. The doctors were listed according to their work of experience and were associated with the best known hospitals in my area such as HN Reliance Foundation Hospital, Saifee Hospital, Lilavati, Jaslok Hospital etc. Users get the choice to compare the fees of these experienced doctors. With Credihealth, we can book an appointment with doctors within few minutes in the time of urgency. You can also book the appointments for calling the toll free number.

The Indian Capitalist gives thumb ups to the Credihealth app. Digital healthcare companies like Credihealth have potential to optimise inefficiency and bring transparency to the current state of healthcare in India. With more and more digital Indians getting online, connecting people to the right doctor and hospital using technology is the need of the hour. Download the app here.

By - Chaitanya Kulkarni

For critical medical care – go for Edelweiss Tokio Life CritiCare+

Few days ago, my friend’s dad had been detected with cancer. The cost of the chemo treatment went as high as 18 lakhs and yet there are grim chances of hope. He had to cancel his Masters admission to University of Auckland, New Zealand as he couldn’t afford the burden of ever increasing hospital bills and his father did not have the right mediclaim insurance policy.

A critical illness insurance plan provides the sum assured on diagnosis itself, thus one doesn’t have to submit hospitalisation bills. Also, one can use the amount the way he/she wants like for daily expenses, advanced treatment, paying EMIs, etc. 2012 GLOBOCAN report suggests India has 10 lakh cases of cancer and nearly 7 lakh cancer deaths. One of the major reason is patients having to discontinue their treatment as they cannot afford it. Cancer treatment in private hospital costs around Rs. 3 lakh for surgery, Rs 2 lakh for IMRT and an additional cost of Rs 1 lakh if chemotherapy is suggested. Indian version of drugs like Herceptin costs Rs 57, 500 per vial, while Rituximab costs Rs.50, 000 per cycle. Looking at the expenses, normal mediclaim policy will exhaust with just a few doses.

We have to admit that air pollution and diabetes increase the chances of critical illness among us. In such situations, it is better to be insured than sorry. This time, we review insurance policies which cover severe to very severe diseases. We have compared Aegon Religare iCancer, HDFC cancer care and Edelweiss Tokio Life – CritiCare+

Edelweiss Tokio Life – CritiCare + stands out as the best policy to buy as it not only covers cancer but 16 other severe diseases too.

The patient can also get lump sum benefit on the diagnosis of critical illness. Since critical illnesses are generally long term, Edelweiss Tokio Life CritiCare+ comes with the multi-claim option where one can claim thrice in a single policy term. Under multi-claim option; patients get waivers on future premiums on the occurrence of their first claim. As per Section 80D of Income Tax Act, an Indian citizen is liable for tax benefit on the premium and claim amount. You can buy Edelweiss Tokio Life CritiCare+ policy here.

With the increase the number of cases of heart attacks and cancer, investing in critical illness insurance is a smart choice. A critical illness may reduce your and your family members’ ability to continue working and also put added pressure on the account of medical expenses involved. It is extremely important to plan well so that your family can work towards your #BounceBack without worrying of finances.

By – Chaitanya Kulkarni ( #BloggerForever )

Twitter - @chai2kul

Instagram – the_indian_capitalist

10 Fanstatico EDM songs for the road

Music in each and every one’s life is very important more one can deny that no one loves to hear music.

Music has its own way in which it touches each and every one’s life in some way or another and it makes us keep going till where we want to reach it helps us to understand our daily needs makes us calms when we are in tension it brings us to a relax state of mind and keeps the grove going.

We do all enjoy trips that where ever we go in the world via planes trains ships etc. but one of the most important thing is the road trip that we take in our life it can be with our family members our friends our loved ones and much more other people too road trips just takes us to a another level of our lives and makes us happy in our life the fun the passion the enjoyment the vibe that we enjoy but a combination of a road trip plus with some music makes us all go mad it feels different it makes us different it  takes us to the moment that we all are waiting for the love that we all share for this amazing music that we all listen too.

10 Best EDM songs for the road

10: Calvin Harris & Disciples - How Deep Is Your Love.

This song just takes me into another dimensional where we connect with music and the road with creating amazing memories that I enjoyed while travelling.

9: Tiesto and KSHMR feat Vassy – Secrets.

One of the best songs to listen and feel the vibe of the music.

8 From birth to teen in two minutes!

One of the best songs from the all-time favourite that touches me nice and slow songs takes you into a dimensional of life where you can be who you are.

7 Dash berlin & Dub vision ft. Jenny rose - yesterday is gone.

As the name suggest Yesterday is Gone remember the present and live for the future.

6: Dash Berlin ft. Roxanne Emery - Shelter

One of the heart touching songs that I have ever listen to and gives me Goosebumps while hearing this song

5: Dash Berlin & Rigby -  Earth Meets Water

Earth meets water what a name of the song just imagine a drive on a lovely sunny morning day and listening to this song and breeze blowing by around you

4: Armin Van Buuren feat Cimo Frankel - Strong ones

Great melody to this song just sit back close your eyes and just be in the grove with the music

3: Armin Van Buuren Feat Kensington - Heading up high

one of the classics songs for the road trip that you can enjoy live in the moment and enjoy and head in the right direction where there is a place of happiness

2: Armin Van Buuren Ft Rock Mafia Hands to Heaven

Hands to heaven just raise your hands and be together in this journey of yours that you are taking and love the melody.

1: Armin Van Buuren Ft BullySongs - freefall

What a song to be at number one just enjoy the beats and drive till you reach to your destination that you are travelling, live the moment, spread the vibe.

By – Mario Dias for TIC.

This blog post is inspired by the blogging marathon hosted on IndiBlogger for the launch of the #Fantastico Zica from Tata Motors. You can apply for a test drive of the hatchback Zica today.

Tumchi Aamchi Mumbai

Everywhere you look, crores of people always in a hurry. Mumbai, India’s financial capital is one of the most populous cities in the world where time is money. People from all 30 states and expats share a living in this ever bustling city. It’s a tough place. Difficult to travel and almost impossible to buy a place. But Mumbai will give you a fair chance if you are willing to work hard. 

Just like Mumbai, moving on….

Business District

Mumbai has 4 business districts namely Nariman Point, Lower Parel, Bandra Kurla Complex and Andheri. Most of the private companies in India are headquartered in Mumbai. We have work hard party hard attitude. Mumbai also has the most number of bars and night life hotspots. You can get a beer at 1am in most bars of South Mumbai. Although 24x7 Mumbai is still a distant dream. Mumbai is also a port city and nearly 10% of high value land belongs to Mumbai Port Trust. It is well connected by sea routes and has ship building industry.

Mumbai has one of costliest apartments in the world. A flat in Malabar Hill area may cost you around Rs. 80000 per square foot ( Yeah.. you heard it right! ) A luxurious sky bungalow on 117^th floor in Lodha World One costs whopping 17.2 crore. We also have bollywood and last checked of BookMyShow there were 32 movies running in 9 regional languages.

Old and New

Mumbai was developed by the Portuguese and the British. Mumbai was always the best destination for business in India. In 1870, there were 6 foreign banks operating from Bombay. The Bombay Stock Exchange was established in the 1870’s. Business made Mumbai as beautiful as London and Paris. The CST building, University of Mumbai, Asiatic Society, Taj Mahal Palace, Rajabhai Tower are some of the most beautiful structures in Mumbai.

Marine Drive, Lower Parel make Mumbaikars proud. We have the best skyline in India and looking at current construction rate, we might overtake New York in 2030 by the most number of skyscrapers. The upcoming Bhendi Bazaar redevelopment project with transform the face of crowded market into Mini Smart City. With FDI in construction, Mumbai skyline will see a major facelift in coming decade.

Chalo Chalo Chalo. #MumbaiLocalIn3Words

Mumbai is major design flaw. The city kept growing and but its snail run infrastructure lacked expansion. Mumbai’s lifeline is it’s local trains. They are divided into three lines namely Western, Central and Harbour. Most of the commuters travel from northen suburbs to South and Central business districts to make a living. Peak hours in Mumbai are named as ‘super dense crush load’. Trains of all three lines at the distance of three minutes and each train carries around 5000 people. Mumbai local has the highest daily ridership in the world with 26 million people. Male, Female, Old and young, there is just one strategy to travel in Mumbai – Push or be pushed.

- Chaitanya Kulkarni ( twitter.com/chai2kul )

This blog post is inspired by the blogging marathon hosted on IndiBlogger for the launch of the #Fantastico Zica from Tata Motors. You can apply for a

Faultlines – Claim Settlement Ratio

Claim settlement is one of the most important services that an insurance company can provide to its customers. Insurance companies have an obligation to settle claims promptly. For instance, if a life insurance company receives 1000 death claims and settles 980, the claim settlement ratio of that company would be 98%.

The very purpose of insurance will be defeated if the claim is not provided for when required. This assumes all the more relevance when the beneficiaries are dependent on the insurance proceeds. In such a situation, a claim being denied will be a huge financial setback.

The fault in Statistics

The oldies in the insurance market get undue advantage while calculating claim settlement ratio. In year 2013- 14, the promising entrant in the Indian insurance market Edelweiss Tokio Insurance rejected just 10 claims according to IRDA data. In the same financial year, Life Insurance Corporation of India rejected 17000 plus claims. But still, claim ratio of LIC is high because of higher sample size.

The ratio declared is the sum total of all claims honoured by the company for all its life insurance policies and products. So what we see is the average and not the exact ratio for each type of policy -- term insurance, endowment cover, money back policy, child plan, online plan or offline, group insurance or individual cover, and so on and so forth.

Also, what we see is the figure in percentage terms, not the actual number. So it is not clear how many claims the company actually rejected.

Let's say an insurance company rejects 100 out of 1,000 claims, giving it a claim settlement ratio of 90 per cent. The next year it gets 10,000 claims but rejects 500. Its claim settlement ratio goes up to 95 per cent but it has rejected more claims.

A claim within a year or two of taking the policy calls for a detailed investigation. If there are many such claims, then it would affect the claim settlement ratio.

Also, if the sum assured is very high, then the insured undergoes varies medical check-ups before the insurance policy is issued. So these claims are processed faster giving no reason why the claim should be repudiated.

It could also be the case where policy holders have held back facts. Misstated, incorrect and insufficient data provided by individuals at the time of buying the policy could lead to claims being rejected. This is no fault of the company.

It is advised to buyers that they should consider claim settlement ratio over the number of years before making the decision to buy. 

- Chaitanya Kulkarni ( twitter.com/chai2kul )

-         Note – The Article is sponsored by Edelweiss Tokio 

Tap2Trade for revolutionary mobile trading

With smartphone usage on the rise, mobile trading in equity market could see a huge surge in the coming years.

It is estimated that the number of people trading and investing in equity market through the mobile platform is likely to garner about 15-16 per cent of the total trade done on the stock exchanges in the next three years. Though internet-based trading is quite high now, in the future mobile based trading is expected to rise sharply.

As per NSE data, there were 32.96 lakh clients registered in equities across all members for internet trading and around 19.5 lakh to 20.5 lakh people traded daily through the internet. Edelweiss financial services has launched Tap2Trade mobile trading account which promises trading within 60 minutes after registration. Tap2Trade would use investor’s existing KRA information for startup which would enable registration in three simple steps.

The Tap2Trade account opening process empowers individuals to open an online trading account and trade using smart phones/ computers. This is a huge time saver compared to the earlier 48 hours required for the same. Minimum documents required are pan card and cancelled personalised cheque for KRA verified customers which enables  Tap2Trade online account opening in just three simple steps. Tap2Trade can be accessed either via computers or by downloading theEdelweiss Mobile Trader app. The service is initially available currently in 8 cities.

Nitin Jain, CEO, Global Asset & Wealth Management, Edelweiss Financial Services said, “Revenues and number of clients trading on the Edelweiss Mobile Trader platform has quadrupled over the last 12 months. Mobile is also the dominant platform in terms of client preference. This leads us to believe that over the next three years, we should see an 8x growth in mobile trading volumes.”

Edelweiss Tap2Trade mobile trading account has been designed on 3S framework – Simple, speed and Smart. Tap2Trade would be available on mobile as well as desktop.

Mr. Rahul Jain, Head of Retail Advisory, at Edelweiss Financial Services. “The initial response and feedback from clients has been very encouraging. Our Mobile platform is predominantly catering to trader clients and now 11% of orders go through mobile platform which was merely 4% a year ago. We also believe that this will help facilitate greater retail participation in investing into the Indian Capital markets in an equitable manner and will allow Indians to participate in the India growth opportunity. 

Edelweiss Tap2Trade is a solid step from Edelweiss towards Digital India. Download the app here.

This post has been written for the Edelweiss trading app launch event through BlogAdda

Explained : Bank of Baroda's Rs. 6100 forex scam

India's second largest public sector bank by assets is in trouble. A 6100 crore forex scam is a source of embarrassment for 107 year old bank established by Maharaja Sayajirao Gaekwad III. Bank of Baroda has also brought shame to India in the time when Ministry of Finance is seeking clarification on black money stacked in countries abroad.

During the period of May 2014 to August 2015, New Delhi's Ashok Vihar branch opened 59 current accounts through which large foreign exchange remittance transactions were done. During the period of August 2014 and August 2015, Rs 3500 crore has been transferred from 38 current accounts to 400 overseas parties. Majority of the transfer were reported to Hong Kong and 1 in UAE. The branch did not adhere to Foreign Exchange Management Act (FEMA) guidelines. FEMA Act governs all foreign exchange related transactions in India. 

The Financial Express reported that remittances were reported in the name of Hong Kong traders but the actual exports went to Afghanistan. Another newspaper DNA reported that an account was opened by South Korean citizen and immediately transferred money to the books of Jasco Ltd, a company based in Mexico City. Among other companies named in the Bank of Baroda audit, two have owners whose city of residence is India’s capital – New Delhi. One of them is Mega Forwarders and Traders Ltd – which has its office at Des Voux Road West, Sheung Wan, Hong Kong. But guess what? Its owners are two obscure men in two localities of Delhi. One of them is a fake identity with a false address, yet they managed to open a company in Hong Kong and received millions of dollars through Ashok Vihar branch of Bank of Baroda in Delhi. With terrorism on the rise, Bank of Baroda might be probed under terrorism funding inquiries set up by IMF. Previously, HSBC Bank, Arab Bank and Credit Suisse have been probed for terrorism funding.

Bank of Baroda suspected illegal transaction in July and inquired internal audit. After the forex scam being unearthed, BoB reported the case to Central Bureau of Investigation, Central Vigilance Commission, Enforcement Directorate and Reserve Bank of India. Asst General Manager, Chief Manager, Credit Manager and 2 other employees were arrested by Delhi Police. In a statement released by Bank of Baroda, authorities mentioned that the bank did not received any financial loss.

The Central Bureau of Investigation has conducted further searches at 50 locations on various companies /firms in an on-going investigation of a case related to alleged violation of banking norms. It was revealed that most of the addresses given by the companies / firms were either false or the companies / firms did not exist at the said addresses. Most of the accused persons allegedly involved in perpetration of the said crime have been identified and their interrogation is underway. There was allegedly overseas remittance of foreign exchange of Rs.6000 crore approx,

It was further alleged that the amount remitted in each transaction would be kept at less than USD 100,000. All the remittances were made to Hong Kong.  The amount was remitted as advance for import and in most of the cases, the beneficiary was the same.  Most of the foreign exchange related transactions were carried out in newly opened current accounts wherein heavy cash receipts were observed but the branch did not generate Exceptional Transaction Report (ETR) and did not monitor the high value transactions. A case has been registered by CBI under Prevention of Corruption Act against bank officials, 59 current account holders and private parties.

Similar forex scams have been reported in HDFC Bank, Punjab National Bank and Oriental Bank of Commerce. RBI governer Raghuram Rajan said that the investigations into the Bank of Baroda fraud will be carried on to the ultimate conclusion by both the central bank and the investigating agencies. India's 'top' banks have surely weakened India's G20 stance against black money in foreign banks.

By - Chaitanya Kulkarni ( twitter.com/chai2kul )