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What is a Demat Account?

A Demat (Dematerialized) account is an electronic account that holds your financial securities like stocks, bonds, mutual funds, and ETFs in digital format. In today's digital age, opening a demat account is the first step towards starting your investment journey in the Indian stock market.

Why Open a Demat Account in Mangalore?

Mangalore investors can now easily access the stock market through authorized partners. With Finance With Anil, you can open your demat account with zero account opening charges and get expert guidance throughout your investment journey.

Documents Required

• PAN Card (Mandatory)
• Aadhaar Card for KYC verification
• Proof of Address (Utility bill, Passport, Driving License)
• Bank Account Details and Cancelled Cheque
• Recent Passport Size Photographs
• Income Proof (for derivatives trading)

Step-by-Step Process

Step 1: Choose Your Broker - Select a reliable broker that suits your trading style and investment goals.

Step 2: Complete Online Application - Fill in your personal details, bank information, and upload required documents.

Step 3: In-Person Verification (IPV) - Complete the video verification process for identity confirmation.

Step 4: E-Sign Documents - Digitally sign the account opening forms using your Aadhaar-linked mobile number.

Step 5: Account Activation - Your demat account will be activated within 24-48 hours.

Benefits of Opening Through Finance With Anil

• Zero account opening charges
• Free AMC (Annual Maintenance Charges) for the first year
• Access to both NSE and BSE
• IPO application facility
• Expert guidance for beginners
• Local support in Mangalore

Things to Keep in Mind

Choose a broker with low brokerage fees, good customer support, and a user-friendly trading platform. Consider your investment goals - whether you're interested in long-term investing, day trading, or both. Always read the terms and conditions carefully before signing up.

Why Health Insurance is Essential

Medical expenses are rising every year, and a sudden health emergency can drain your savings. A comprehensive health insurance policy protects you and your family from financial stress during medical emergencies. In Mangalore, we have access to excellent healthcare facilities, and having health insurance with cashless hospitalization makes healthcare truly accessible.

Types of Health Insurance Policies

Individual Health Insurance: Coverage for a single person with sum insured ranging from ₹3 lakhs to ₹1 crore.

Family Floater Plans: One policy covering entire family with shared sum insured - cost-effective for families.

Senior Citizen Plans: Specialized plans for people above 60 years with coverage for age-related illnesses.

Critical Illness Plans: Lump sum payout on diagnosis of critical illnesses like cancer, heart attack, stroke, etc.

Top-Up Plans: Additional coverage above your base policy limit at affordable premiums.

Top Health Insurance Companies in Mangalore

• HDFC ERGO - Wide network of cashless hospitals in Mangalore, quick claim settlement
• Star Health - Specialized plans for senior citizens and diabetes patients
• Care Health - Comprehensive coverage with wellness benefits
• ICICI Lombard - Innovative features and easy claim process
• Bajaj Allianz - Affordable premiums with good coverage
• SBI General - Trusted brand with extensive network

Cashless Hospitals in Mangalore

Most health insurance companies have tie-ups with major hospitals in Mangalore including:

• KMC Hospital Ambedkar Circle
• AJ Hospital & Research Centre
• Father Muller Medical College Hospital
• Yenepoya Medical College Hospital
• Unity Hospital
• Indiana Hospital

Key Features to Look For

• Sum Insured - Minimum ₹5 lakhs recommended for families
• Room Rent Limits - Choose plans without room rent capping
• Pre and Post Hospitalization - 60-90 days pre and 90-180 days post coverage
• No Claim Bonus - Annual increase in sum insured for claim-free years
• Network Hospitals - Check cashless facility at your preferred hospitals
• Co-payment - Look for zero co-payment policies
• Restoration Benefit - Sum insured restoration during policy year

Tax Benefits Under Section 80D

Health insurance premiums qualify for tax deductions under Section 80D of the Income Tax Act:

• ₹25,000 deduction for self, spouse, and children
• Additional ₹25,000 for parents (below 60 years)
• Additional ₹50,000 for senior citizen parents
• Total potential deduction: up to ₹1 lakh per year

How to Choose the Right Policy

Consider your age, family size, existing health conditions, and budget. Compare at least 3-4 policies based on coverage, premium, claim settlement ratio, and network hospitals. Read policy wordings carefully to understand exclusions and waiting periods.