Preventive health check up is good but buying and selling ‘check-up’ plans purely to earn commissions and other incentives is nothing but part of the infamous ‘get-rich-quick’ type MLMs
Healthcare sector, with the development of modern medicine and rising household income, is surely a promising one in India. Obviously the many multi level marketing (MLM) companies also want to bet on this prosperous sector. Indus Health Plus is one such company, which already claims of having 2 lakh members. With its head quarter in Pune, Indus has an office in Delhi and consumer grievance cells in other metros.
On its website, the company says, “Indus offers exciting commissions for distributors that include compensations for both direct sales as well as indirect (through down line customer-distributors (CDs) who form your network) sales.”
While the idea of selling health check up plans may not be a bad one, but such things need big infrastructure and systems in place, which Indus does not have. For example, for a city like Mumbai, the company has listed only eight hospitals for its preventive health checkups. In addition, how many times, one would need the medical tests and checkups, some of which may not be even required on routine basis. Moreover there are no details about how many people had actually used its facilities for health checkups and how many are using it only to earn more income.
The company has a ‘simple’ looking business plan. To begin with, one has to buy any of the four preventive healthcare packages from Indus Health Plus to become a customer distributor. The distributor, after recruiting more people and widening his network becomes eligible for incomes, commissions and other incentives.
The four preventive healthcare packages include, Essential Care Health Checkup (EsCP) Package, Early Care Health Checkup Package, Exclusive Health Checkup Package and Exclusive and Comprehensive Health Checkup Package- ranging from Rs2,995 to Rs16,950. For instance, EsCP include medical check up, laboratory workup, chest X-ray, gynaecology consultation and 2D echo cardiograph among others.
There also an personal accident policy on these packages, giving coverage between Rs50,000 to Rs2lakh, depending on the package.
This network marketing company has Silver and Gold Card- offering discounts for various medical tests. For example, Silver card is given free to clients who have bought any of the health check up packages. Indus says that, “It (Silver Card) entitles the card holder sizeable discounts on OPD, pharma, diagnostics and IP - areas normally not covered by medical insurance.”
Indus promises distribution income solely on the basis of selling the product. The incentive payment starts from Rs500 and go up to Rs10,000 on achieving certain targets. Then there is renewal plan, where the distributor gets some perks and benefit on renewing the package by his down line.
As the network is widened, the top members reach to a different level. So business distributor is on level 1 and goes till gold star distributor which is on level 9, provided certain targets are achieved. Indus gives certain reward on each level. For instance for direct or business distributor is given Rs4,000 where on gold star distributor is given holiday package worth Rs4 lakh.
Experts point out that business model is of typical MLM and could collapse over a period of time. In fact there are certain grey areas in the business itself. For instance a person buying the product may not be in the need to get all the tests done.
Using the necessary software, anyone can book train ticket from the mobile phone and say goodbye to long queues
Indian Railways has introduced a system to make train ticket bookings easily available on mobile phones. Those who wish book the ticket on mobile phone can visit Indian Railways Catering and Tourism Corporation’s website (IRCTC) and download the necessary software or application in his handset.
A mobile application or software can be downloaded for free from the website of IRCTC, which is essential for booking the ticket on mobile. It says, “Application software has to be downloaded on to the mobile handset. This software is provided by the respective service providers like atom Technologies, ngpay and PayMate. The application can be downloaded from IRCTC and these companies’ sites. IRCTC is also likely to launch its own mobile application shortly and the software will be downloadable from www.irctc.co.in.”
The passenger has to register for the first transaction and later the same name user ID and password can be used for future booking. This mobile railway ticket booking service is based on the web services model developed by the IRCTC in order to enable the mobile phone users to access the web based rail ticket reservation and enquiry services similar to www.irctc.co.in.
The release said that the, “The customer is charged ticket fare, IRCTC service charge and Agent service charge (Rs.10/- & Rs.20/- as per class of tickets) and applicable payment gateway charges. Service Charge is similar to e-tickets Rs.10/- for SL class and Rs.20/- for other higher class.”
Once the booking is completed, “the passenger will receive a reservation message with full details of the ticket including PNR, train No, date of journey, class and this virtual message would be treated at par with the print-out of the e-ticket… Showing the reservation message of the confirmed ticket on their mobile during travel will be sufficient.” said the Indian Railways in a release.
The project is to be completed in 12 months
Hindustan Construction Company Ltd has informed Bombay Stock Exchange that the company has received an EPC (engineering, procurement and construction) contract from Gujarat Water Infrastructure Ltd, government of Gujarat, for construction of bulk water transmission system from Dhanki to Maliya (Package NC-31).
The value of the contract is Rs289 crore. The project is to be completed in 12 months from the date of issue of this order.
On Tuesday, HCC closed at Rs17.90 per share on the Bombay Stock Exchange, 8.48% up from the previous close.