| Aviva Life Shield Advantage Posted: 30 Oct 2013 02:21 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Aviva LifeShield Advantage | | | | Objective | | This term insurance plan provides maturity benefit to policyholders who survive the term of the plan. There are two variants available with this plan- Only Life Protection and Life-cum-Disability Protection. | | | | | What does it do? | | This term plan will give out maturity benefit to policyholders equivalent to premiums paid excluding rider premiums, taxes and any extra premium paid. However, the policy does not pay out interest on the premiums paid.
The dreaded disease rider available with this plan can be availed only when making regular premium payments and not with a single premium option. | | | | | Pros | | Dreaded disease rider is available only with Life Protection plan and covers 18 diseases.
Policies with Sum Assured higher than Rs 3 lakh with a tenure over ten years can avail rebate on premiums. The policy attains a surrender value after being in force for three years.
The premiums paid qualifies for tax deduction under Section 80C up to Rs 1 lakh. | | | | | Cons | | There are no premium discounts for women.
The upper limit on the sum assured at Rs 50 lakh limits the scope of cover. | | | | | Suited for | | This policy is suitable for those not convinced with the idea of paying premium without getting any return. | | | | | Our View | | The Dreaded disease rider is a valuable one and qualifies for tax deductions under Section 80D. It terminates automatically when the policyholder contracts any of the 18 listed diseases.
Considering the rising healthcare costs, this rider could supplement an existing plain health insurance plan.
The option to return premium on survival is more of a marketing gimmick than value proposition and makes the policy an expensive one against the plain risk cover offered by the same insurer.
Although, the premium paid is returned on survival, it comes without any interest. Then, the amount received will not look meaningful as the time value of your money would have reduced a great deal. | | | |
| | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 55 | | | | | Maximum Maturity Age (years) | | 65 | | | | | Policy Variants | | Option A: Life Protection
Option B: Life Cum Disability Protection With Return of Premium | | | | | Policy Term (years) | | | | | | | Minimum | | 10 | | | | | Maximum | | 30 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 200000 | | | | | Maximum | | Life Protection:No Limit
Life Cum Disability Protection With Return of Premium: 5000000 | | | | | Premium Payment Frequency | | Yearly and Half-yearly; through ECS for Quarterly and Monthly | | | | | Premium Payment Term | | Single, Regular or equal to policy term | | | | | Premium Factor (multiply with annual premium) | | Half Yearly: 0.5108 times annual premium; Quarterly: 0.2591 time annual premium; Monthly: 0.0871 time annual premium | | | | | 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 15 days for monthly and within 30 days for other premium modes from the due date. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover 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 | | | | | Paid Up Value | | In case of premium non payment after payment of the first three premiums, the policy does not lapse. It acquires a paid up value. In case of death, the nominee is paid sum assured equal to paid up value. Paid up Sum Assured = Sum Assured X (Number of premiums paid/ Number of premiums payable under the policy) | | | | | Surrender Value | | Allowed after three years. 30% of all basic premiums (excluding any extra premiums and first year premium) is guaranteed.
Special Surrender Value= Paid up Value X Surrender Value Factor. Surrender Value Factor will be decided by the company from time to time.
For Single Premium policies(applicable under Option A only): Surrender Value = 75% x (Outstanding Policy term in years) x Single Premium / Original Policy term in years. policies can be surrendered at any time after completion o first policy year. | | | | | Customer Service | | | | | | | Address | | Aviva Life Insurance Company India Ltd.
Aviva Tower, Sector Road, Opp Golf Course, DLF Phase V, Sector 43, Gurgaon 122 003, Haryana | | | | | Mail To | | customerservices@avivaindia.com | | | | | Call On | | 1800-180-22-66 between 8 am to 8 pm; Monday to Saturday | | | | | Additions to the Plan | | | | | | | Available Rider(s) | | Aviva Dread Disease (DD)
The diseases covered are Heart Attack, Stroke, Cancer, End stage Kidney failure, Major Organ Transplant, Coronary Artery Bypass Surgery, Benign Brain Tumor, Deafness, Blindness, Aorta Graft Surgery, Heart Valve Surgery, Paraplegia, Motor Neurone Disease, Multiple Sclerosis, Coma, End stage Liver Disease, End Stage Lung Disease, Aplastic Anaemia, and Permanent Total Disability. There is a waiting period of 180 days for any claim admission under this rider. It is available with Option A Regular premium mode only. | | | | | Rider Conditions | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 55 | | | | | Maximum Maturity Age (years) | | 65 | | | | | Rider Term (years) | | | | | | | Minimum | | 10 | | | | | Maximum | | 30 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 200000 | | | | | Maximum | | 5000000 | | | | | Rider Premium (Rs) | | Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the DD rider for Rs 5 lakh the premium works to Rs 1,390. | | | |
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 ) - ICICI Prudential Tax Plan Invest Online
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| HDFC Premium Guarantee Plan Posted: 30 Oct 2013 01:59 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) HDFC Premium Guarantee Plan | Objective | This term insurance policy aims to provide financial stability to a family in the absence of the breadwinner. It will refund entire basic premium, paid till date, if the insured person survives policy term. | | What does it do? | This plan returns entire basic premiums if the insured life outlives the policy term. In an unfortunate event of death of insured member, this policy pays sum assured to his nominees as death benefit. One can surrender the policy after completing three policy years. The surrender value will be calculated using a pre specified formula. | | Pros | Basic premium is returned if insured survives the policy term.
Premiums paid under the policy qualify for deduction under section 80C of Income Tax Act 1961. | | Cons | The grace period, to pay policy premium after due date, is limited to 15 days.
The policy doesn't offer any riders. | | Suited for | This plan can be taken by those not convinced to pay for a pure term plan. However, the policy charges high premiums for the same. | | Our View | Return of premium on maturity makes this policy expensive. A simple term policy that does with death benefit will cost less. | | Eligibility | | | Entry Age (years) | | | Minimum | 18 | | Maximum | 55 | | Maximum Maturity Age (years) | 65 | | Policy Term (years) | | | Minimum | 10 | | Maximum | 30 | | Sum Assured (Rs) | | | Minimum | 300000 | | Maximum | No Limit | | Minimum Premium (Rs) | 2400 | | Premium Payment Frequency | Yearly; Half-yearly and Quarterly through ECS only. | | Premium Payment Term | Equal to policy term | | 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 15 days from the due date. If a due premium is not received within the grace period of 15 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated. | | Lapsed Policy Reinstatement | A lapsed policy can be revived subject to underwriting. For Revival the Policy Holder has to pay all premiums not paid from paid to date along with any premium due in the next 15 days. | | Tax Benefits | Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. | | 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 | | Maturity Value | On maturity, the risk cover ceases and the insurer will return all premiums paid over the term of the policy, excluding extra premium charged due to underwriting, revival fees if any, alteration charges if any, service tax and education cess. | | Surrender Value | Policy can be surrendered after first three years of the policy. 75% X Premiums paid (excluding the first premium, any extra premiums and revival or alteration charges) X duration elapsed up to the date of surrender in completed years/policy term. | | Customer Service | | | Address | HDFC Standard Life Insurance COmpany Limited, 13th Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi Road, Mahalaxmi, Mumbai - 400011 | 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 ) - ICICI Prudential Tax Plan Invest Online
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| Birla Sun Life Protector Plus - Increasing Sum Assured Posted: 30 Oct 2013 12:30 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Birla Sun Life Protector Plus - Increasing Sum Assured | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 65 | | | | | Maximum Maturity Age (years) | | 75 | | | | | Policy Term (years) | | | | | | | Minimum | | 5 | | | | | Maximum | | 30 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 5000000 | | | | | Maximum | | No limit | | | | | Premium Payment Frequency | | Yearly, Half-Yearly, Quarterly(via ECS), Monthly(via ECS) | | | | | Premium Payment Term | | Equal to Policy term | | | | | Premium Factor (multiply with annual premium) | | 0.519 for half-yearly premium, 0.265 for quarterly and 0.090 for monthly instalments | | | | | Policy Cover | | Cover keeps increasing @ 5% or 10% per annum during the policy tenure. | | | | | 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, your policy will lapse and the life insurance cover will be terminated. | | | | | Lapsed Policy Reinstatement | | You can reinstate your lapsed policy within 2 years from the due date of the first unpaid premium by paying all the due premiums with interest and undergoing underwriting requirements, if any. | | | | | Tax Benefits | | Section 80C, 10(10D) of the Income Tax Act, 1961 would apply. | | | | | 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. | | | | | Customer Service | | | | | | | Address | | Registered office:
Birla Sun Life Insurance
One Indiabulls Center, Tower I,
15th & 16th Floor, Jupiter Mill Compound,
841, S.B. Marg, Elphinstone Road, Mumbai 400013
Write to us at :
Birla Sun Life Insurance
5th & 6th Floor, G-corp Tech park,
Ghodbunder Road, Near Kasar Wadavali police station,
Thane ( W ) 400601 | | | | | Mail To | | customerservice@birlasunlife.com | | | | | Call On | | 1-800-270-7000; + 91 22 43569000 Between 9 am to 9 pm, Monday to Saturday | | | | | SMS | | BSLI' to 56161 | | | | | Additions to the Plan | | | | | | | Available Rider(s) | | BSLI Accidental Death and Disability Benefit Rider: covers death due to an accident, Permanent disability caused due to an accident.
Critical Illness Benefit Rider: It covers 4 critical illnesses namely; Heart Attack, Cancer, Stroke and Major Organ Transplant. A survival period of 30 days is applicable to claim the benefit.
BSLI Waiver of premium Rider: It is applicable on all future premiums of the base plan and riders for the rest of the policy term or till the proposer (in case of child plans) attains the age of 70 years or on termination of the policy, whichever occurs earlier. This rider becomes active in the following cases; Disabled due to an illness or accident, Diagnosed with any of the four specified critical illnesses, Death of the proposer in case of child insurance plans.
BSLI Surgical Care Rider: For surgeryin India that calls for a minimum of 48 hours hospitalisation involving brain, heart (including coronary arteries), liver or lung, the lump sum benefit amount payable would be 5 times the chosen benefit and for any other surgery, the benefit will be equal to the chosen benefit amount. The policyholder can claim up to 10 times the chosen benefit during one policy year and up to 50 times during the entire policy term.
BSLI Hospital Care Rider: It offers a Daily Cash Benefit ranging between 600 to 6000 rupees on admission to hospital for medical necessity for a period of at least 48 hours.
An additional ICU benefit of 100 per cent of daily cash benefit is also payable for a maximum of 15 days during the policy year.
A policyholder can claim 100 times the chosen daily cash benefit in one policy year and 250 times the chosen daily benefit amount in entire policy term.
A recuperating benefit in lumpsum which is equivalent to 3 times the chosen daily cash benefit for continuous hospitalisation of 7 or more days for the same injury or disease, a lump sum benefit will be payable. However, the policyholder must be alive to claim the benefit under this rider.
| | | | | Rider Conditions | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 65 | | | | | Maximum Maturity Age (years) | | 70 | | | | | Rider Term (years) | | | | | | | Minimum | | Same a base policy term or attainment of 70 years of age whichever is earlier. | | | | | Sum Assured (Rs) | | | | | | | Minimum | | BSLI Accidental Death and Disability Rider, BSLI Critical Illness Rider: 75000; BSLI Surgical Care Rider, Hospital care rider: 1.5 lakh | | | | | Maximum | | BSLI Accidental Death and Disability Rider, BSLI Critical Illness Rider: Rs 50 lakh; BSLI Surgical Care Rider, Hospital care rider: 15 lakh, subject to maximum of 100 per cent of base plan sum assured | | | | | Rider Premium (Rs) | | For instance premiums that a 30-year old male, will pay for each rider with Rs 5 lakh sum assured for a premium paying term of 10 years is illustrated below. For instance premiums that a 30-year old male, will pay for each rider with Rs 5 lakh sum assured for a premium paying term of 10 years is given below:
BSLI Accidental Death and Disability: 750
BSLI Critical Illness: 900
BSLI Surgical Care: 1005
BSLI Hospital Care: 1000
BSLI Waiver of premium(Rs 50 lakh Sum Assured): 342 | | | |
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 ) - ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
------------------ Best Performing Mutual Funds - Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
 |
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