Friday, October 25, 2013

Prajna Capital

Prajna Capital


ICICI Prudential iCare

Posted: 25 Oct 2013 07:33 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

ICICI Pru iCare

 

Eligibility

Entry Age (years)

Minimum

18

Maximum

65

Maximum Maturity Age (years)

75

Policy Variants

Option 1: Sum Assured
Option 2: Sum Assured + Accident Death Benefit Rider (sum asured equal to base plan sum assured subject to a maximum limit of Rs 50 lakh)

Policy Term (years)

Minimum

5

Maximum

30

Sum Assured (Rs)

Minimum

Subject to minimum premium limit

Maximum

1.5 crore for 18- 50 yrs of age; 70 lakhs for 51-65 yrs of age

Minimum Premium (Rs)

Yearly

3000

Premium Payment Frequency

Regular pay (yearly), one pay option for 5 and 10 year policy terms

Premium Payment Term

Equal to policy term or Single

Policy Cover

Cover remains fixed for the tenure of the policy

Other Features

Free Look Cancellation

In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.

Grace Period

You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.

Lapsed Policy Reinstatement

You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any.

Tax Benefits

Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for Dread Disease Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.

Exclusions

In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit

Surrender Value

70% x Single Premium x (Number of complete policy years outstanding / Policy term)

Customer Service

Address

ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600

Mail To

lifeline@iciciprulife.com

Call On

18602667766 between 9 am to 9 pm; Monday to Saturday (except National holidays)

SMS

SRV to 56767

Additions to the Plan

Available Rider(s)

Accidental Death Benefit Rider (ADB): covers death due to accident

Rider Conditions

Entry Age (years)

Minimum

18

Maximum

65

Maximum Maturity Age (years)

75

Rider Term (years)

Minimum

5

Maximum

30

Sum Assured (Rs)

Minimum

50000

Maximum

Equal to Sum assured up to a maximumof Rs 50 lakh

 

 

Objective

This policy can help insured's family tide over financial turmoil in his absence.

What does it do?

This online plain term plan pays sum assured to the beneficiary in the event of death of the insured. ICICI Pru iCare offers two optional death benefits to choose from:
Option I: In case of death of the life insured, the nominee will receive sum assured.
Option II: If death occurs due to an accident, apart from the basic sum assured, this option can pay additional death benefit equal to the sum assured or Rs 50 lakh, whichever is lower.
The policy doesn't pay any maturity value on survival.
Policies following regular premium payment option cannot be surrendered, but those with single premium option can be surrendered after a year. The surrender value is calculated using the pre specified formula.

Pros

The policy offers higher sum assured to those with an outstanding home loan. There is an option to add accidental death benefit.
The policy offers lower premium rates to women.
Premiums paid qualify for tax deduction.

Suited for

This plan can save cost due to elimination of intermediaries, if you buy the policy online.

Our View

A simple term policy is recommended for everyone who has dependents. Accidental death option can be taken if you think its needed. However, it is not a replacement of personal accident policy as that can provide disability benefit as well. If you have an apt personal accident policy you can go with Option 1 of this policy.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Franklin Mutual Fund first Europe focused fund

Posted: 25 Oct 2013 04:55 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

Fund house plans to beef up overseas portfolio Franklin Templeton India already runs an Asian equities fund and a US equities fund

Franklin Templeton plans to launch India's first Europe-focused mutual fund, an executive at the asset manager said on Wednesday, as the fund house looks to beef up its overseas portfolio.

 

"The plans are still at an early stage" said Jaya Prakash K, director of global research & analytics at Franklin Templeton Investments. "The product would consist of a fund of funds that would feed into one or more of the global asset manager's pool of Europefocused funds," he added.

Typically, before launching a product we have some discussions with our partners on what is the best strategy. Depending on the discussion over the next quarter or so, we will be able to file something with the regulator.

Franklin Templeton India already runs an Asian equities fund and a US equities fund and has filed for a Latin America-Asian fund, which is at present awaiting final approval from the Securities and Exchange Board of India.

It at present manages about $75 million in its two offshore funds, and has over $7 billion in assets under management overall its equity and debt funds, according to data from Thomson Reuters Lipper.

Indian mutual funds that invest abroad have grown more than 10 per cent this year as investors look for higher returns.

The pan-European FTSEuro first 300 index has gained 12.1 per cent since the end of June, on the back of improving economic growth. Meanwhile, the Nifty has gained 6.2 per cent in the same period.

Funds in Lipper's Europe Equity sector topped the table for global net inflows last month, marking a fifth straight month of net inflows.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Policy to cover death abroad

Posted: 25 Oct 2013 03:57 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Term policies cover death in a foreign country if you inform the insurer about your travel plans

 

Online term policies can cover death in a foreign country if you disclose your travel plans in advance. Aviva i-Life, HDFC Click2Protect and many other online policies cover death abroad provided you inform the insurer, in writing, about how frequently you travel abroad.

 

Most insurers do not ask for medical check ups at young age, which means the applicant should disclose his health and lifestyle related details at the time of purchase. Provide accurate disclosures at the time of purchase to avoid any conflicts.

 

Select a sum assured that can pay off any liabilities, and provide the same standard of living to your family in your absence.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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