Kalpen Parekh, the managing director and CEO of DSP Mutual Fund, is known for his conservative investment approach. However, Parekh has recently adjusted his strategy on debt investments, finding long-duration assets attractive due to reasonably priced interest rates. He has reinvested in the DSP Strategic Bond Fund, focusing on actively-managed duration funds with investments in debt papers spanning eight to nine years.
In a recent interaction for the Guru Portfolio series with Mint, Parekh shared his insights into investment strategies, reflecting on the evolving dynamics of the market.
Shifting focus, another critical aspect of financial planning lies in health insurance coverage. A recent news story highlighted the challenges faced by a cancer survivor in obtaining insurance claims for targeted therapy using Trastuzumab. While the survivor eventually received partial compensation after a legal battle, such instances underscore the complexities of health insurance claims.
Health insurance serves as a crucial safety net against rising medical costs, technological advancements, and complex illnesses. Policyholders often secure high sum assured to mitigate against accelerating medical inflation and evolving treatment modalities. However, disputes over claims can erode the peace of mind that insurance aims to provide.
Acknowledging the growing disputes over health insurance claims, regulators implemented standardized health insurance exclusions in 2019. This proactive measure aimed to address ambiguity and ensure coverage for modern treatments. Regulations explicitly mandated coverage for advanced technologies like robotic surgery, deep brain stimulation, and stem cell therapy. Cancer treatments such as oral chemotherapy and immunotherapy received explicit coverage, enhancing clarity for policyholders.
While regulatory measures have enhanced transparency, insurers still retain the ability to limit coverage to predefined thresholds. It remains imperative for policyholders to understand the scope of their coverage and advocate for their rights in case of disputes.
In conclusion, Parekh’s investment strategy adaptation and insights into health insurance underscore the importance of staying informed and proactive in financial decision-making. As individuals navigate the complexities of investment and insurance landscapes, awareness and diligence remain key to securing financial well-being and peace of mind.
