| New India Senior Citizens Mediclaim Policy Posted: 31 Oct 2013 02:17 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) New India Senior Citizens Mediclaim Policy | | | | Objective | | Objective of the policy is to cover senior citizens- a stage of life cycle when insurance is most required. | | | | Suited for | | Anyone between 60 and 80 years of age looking for a coverage up to Rs 1.5 lakh can take this policy. | | | | What does it do? | | This policy pays for senior citizens' hospitalisation expenses, pre and post hospitalisation expenses, though with sub-limits. It covers ayurvedic, homeopathic and Unani treatment as well. An added advantage is that it covers pre-existing hypertension, diabetes mellitus for an additional 10 per cent premium payment. In the event of four claim-free years, the insured person can get reimbursement for a health check-up. | | | | Pros | | Cover can be extended upto 90 years of age.
Family discount of 10 per cent is available if spouse is also covered.
Premium discount of 10 per cent is available for taking a voluntary deductible.
A bonus of 5 per cent is paid for each claim free-year upto a maximum of 30 per cent of initial sum insured.
Provision to cover pre- existing hypertension, diabetes mellitus on payment of additional 10 per cent premium.
Premium paid is eligible for tax benefit under section 80D of the Income Tax Act. | | | | Cons | | It allows to take a maximum sum assured upto Rs 1.5 lakh only and has a shorter freelook period of 10 days.
The premium will be loaded by 10 per cent for renewals during 81 to 85 years and by 20 per cent during 86 and 90 years.
It has sub-limits. | | | | Our View | | A decent policy for senior citizens, where voluntary deductible option can be availed. The major drawback is that it offers a maximum of 1.5 lakh cover only which may not be sufficient at this age. It is difficult to escape sub-limits at this age. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 60 | | | | | Maximum | | 80 | | | | | Maximum Policy Renewal Age (years) | | 90 | | | | | Coverage Type | | Senior Citizens | | | | | Policy Term (years) | | 1 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | 1.5 lakh | | | | | Minimum | | 1 lakh | | | | | Tax Benefit | | Section 80D of the Income Tax Act are applicable | | | | | Discount | | Family discount of 10% if spouce is also covered
discount of 10% for taking a voluntary deductible of Rs 10000 | | | | | No Claim Bonus | | 5% for each claim free year upto maximum of 30% of initial Sum insured. On acceptance of claim during any policy year, entire cumulative bonus earned shall be withdrawn in subsequent policy year. | | | | | Pre Policy Medical Check Up | | Mandatory | | | | | Free look Period | | 10 days | | | | | Premium Loading on Basis of Claim History | | Loading of 10% is applicable for renewal between age of 81- 85 years and 20% on renewal between age of 86-90 years | | | | | Policy Termination | | Insurer may cancel the policy by giving a 30 days written notice to policyholder. Policyholder may also cancel the policy at any time by giving a written notice to insurer. In case policyholder cancelling the policy, a certain percentage of premium would be refunded on prorata basis. | | | | | Customer Service | | The New India Assurance Co. Ltd Jeevan Bharti Building, Corporate Office: 87, M.G Road, Fort, Mumbai 400001; Regional Office: 124 Connaught Circus, New Delhi-110001 | | | | | Customer Service | | | | | | | Mail to | | nia.310000@newindia.co.in | | | | | Call to | | 1800 209 1415 | | | | | Network Hospitals | | Http://newindia.co.in/listofhospitals.aspx | | | | | | | | | | | | | |
| | | | Scope Of Cover | | | | | Cashless Facility | | Available at network hospitals | | | | | Reimbursement Facility | | Available if treatment taken at any non empanelled hospital | | | | | Pre-hospitalisation | | covers medical expenses upto 30 days immediately prior to hospitalisation subject to maximum of 5% of hospital bill | | | | | Post-hospitalisation | | covers medical expenses upto 60 days immediately post discharge from hospital subject to maximum of 10% of hospital bill | | | | | Inpatient Hospitalisation | | Covered | | | | | Room rent/ ICU expenses | | Room rent and boarding expenses will be covered upto 1% of Sum Insured per day and ICU expenses will be covered upto 2% of Sum Insured per day subject to an overall limit of 25% of Sum Insured | | | | | Surgeon, Anaesthetist, Medical Practitioner, Consultant's Specialist fees | | covered upto maximum of 25% of Sum Insured | | | | | Anaesthesia, blood,oxygen, OT charges, surgical appliances, medicines, drugs, diagnostic material, X Ray and artificial implants | | Covered upto maximum of 50% of Sum Insured | | | | | Ayurvedic/ Homeopathic/ Unani treatment | | Covered upto maximum 25% of Sum Insured | | | | | Emergency ambulance | | Covered upto maximum of Rs 1000 | | | | | Expenses for organ donor of transplant | | Covered | | | | | Pre existing hypertension, diabetes mellitus | | will be included in cover since inception of policy only on payment of additional premium of 10% of basic premium for each condition | | | | | Domiciliary Treatment | | Not Covered | | | | | Health Check Up | | allowed once after every 4 claim free years maximum upto 1% of sum insured excluding cumulative bonus | | | |
| | | | Exclusions and Waiting Period | | | | | Pre-existing Diseases | | Covered after a period of 18 months | | | | | No claim period | | 30 days commencing from inception of policy except for accidental injuries | | | | | Waiting Period | | Certain diseases such as hernia, diabetes, mellitus, cataract etc. will be covered after a waiting period of 18 months.Age related Osteoarthritis and Osteoporosis and joint replacement due to degenerative condition will be covered after a waiting period of 48 months. | | | | | Deductible | | Voluntary deductible of Rs 10000 is applicable | | | | | General Exclusions | | Self inflicted bodily injury Dialysis, Chemotherapy and radiotherapyDental treatment, Cost of spectacles, braces and contact lensesNaturopathy treatmentEngagement in any illegal or criminal activitiesBodily injury arising as a result of terrorismbodily injury or disease caused as a result of HIV/ AIDS or any related conditionEngagement in adventurous acts such as parachuting, bunjee jumping etc | | | |
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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| PNB Met Suraksha Plus Posted: 31 Oct 2013 01:43 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) PNB Met Suraksha Plus | | | | Objective | | This is an offline insurance policy that pays sum assured to the family members in case of unfortunate demise of the insured member. | | | | | What does it do? | | A term plan that pays Sum Assured in case of inopportune death of the life insured. There is no maturity or surrender value. USP of the plan lies in where the company proposes to reduce the premiums of existing policies in case the product undergoes re- pricing and premiums of the plan decrease at anytime in future however, it will not increase the premiums in case of an upward price change during re-pricing. | | | | | Pros | | Premium rates will reduce for existing policyholders in case the rates are revised downward, and remain unchanged in case of a hike.
High sum assured policies can avail lower premium rates.
The policy offers coverage for longer tenure of 35 years.
One can add riders for wider coverage. A lapsed policy can be reinstated within 3 years. Premiums paid toward the policy qualify for tax benefits. | | | | | Cons | | Riders can be attached only at the time of purchase. | | | | | Suited for | | Those who prefer agent's assistance in buying a policy can take this policy. | | | | | Our View | | Term plans are the best kind of life insurance available. If you cannot buy a policy without agent's assistance, you may take this policy. However, if you are comfortable with online purchases, look for online policies as they have lower premium rates. You can avail riders for a marginal increase in premium and enhance the scope of coverage. | | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 60 | | | | | Maximum Maturity Age (years) | | 70 | | | | | Policy Term (years) | | | | | | | Minimum | | 10 | | | | | Maximum | | 35 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | Non Smokers: 2500000 Others: 1000000 | | | | | Maximum | | No limit | | | | | Minimum Premium (Rs) | | | | | | | Yearly | | 3600 | | | | | Half-Yearly | | 1847 | | | | | Quarterly | | 938 | | | | | Monthly | | 319 | | | | | Premium Payment Frequency | | Yearly, Half-yearly, Quarterly, Monthly, Payroll Savings Plan | | | | | Premium Payment Term | | Equal to policy term | | | | | Premium Factor (multiply with annual premium) | | 0.5131 for Half-yearly, 0.2605 for Quarterly, 0.0886 for Monthly, 0.0868 for Payroll Savings Program | | | | | 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 of premium due date for Yearly/ Half-yearly/Quarterly premium payment and 15 days from premium due date in case of Monthly premium payment. 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 may reinstate your lapsed policy within 3 years from date of first unpaid premium by paying 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 Critical Illness 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 | | | | | Customer Service | | | | | | | Address | | MetLife India insurance Company Limited Registered Office: Brigade Seshamahal, 5, Vani Vilas Road, Basavanagudi, Bangalore - 560004 | | | | | Mail To | | indiaservice@metlife.co.in | | | | | Call On | | 1800 425 6969 or +91 080 26438638 from 8 am to 8 pm | | | | | SMS | | Protect' to 5676769 | | | | | Additions to the Plan | | | | | | | Available Rider(s) | | Accidental death benefit: It covers death due to an accident within 180 days of the accident.
Critical Illness Rider: This rider covers 10 critical illnesses namely: Heart Attack, Stroke, Cnacer, Surgery to coronary arteries, Kidney failure, Major organ transplant, Aorta surgery, Blindness, Heart valve replacement and Paraplegia. This rider benefit can be availed only after 90 days starting from the policy purchase date have elapsed. There is also a survival period of 30 days from the date of confirmed diagnosis of the illness before the benefit is actually paid. | | | | | Rider Conditions | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 50 | | | | | Maximum Maturity Age (years) | | 60 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 50000 | | | | | Maximum | | Lower of Base plan insurance or 10 lakh | | | | | Rider Premium (Rs) | | Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the Accidental Death rider for Rs 5 lakh sum assured over a 10 year tenure; the annual rider premium works to Rs 400 and Rs 1085 in case of Critical Illness Rider. | | | |
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
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- 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
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- Reliance Banking Fund
- Reliance Banking Fund
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- ICICI Prudential Tax Plan
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- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
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- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
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| Bharti AXA Life Family Income Secure Plan Posted: 31 Oct 2013 12:42 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Bharti AXA Life Family Income Secure | | | | Objective | | This term insurance plan pays policy benefits to the nominee as annual installments over a 20-year period, instead of a lump sum payment. | | | | | What does it do? | | In case of the policyholder's death, the plan will pay an annual sum over next 20 years to the family.
On survival, entire premium paid is returned to the policyholder on maturity. | | | | | Pros | | The policy provides for maturity benefit on survival and surrender benefits if one wants to surrender the policy mid term.
The annual payout can be used as a replacement of income, and it's better than receiving a lump sum payment. | | | | | Cons | | There are no rider options available with the plan.
Policy is available for a fixed tenure of 10, 15 or 20 years. | | | | | Suited for | | This policy is suitable for those not happy with the idea of paying premium for a pure term plan, paying only death benefit. | | | | | Our View | | The return of premium option is a marketing gimmick and does not add value, as you end up paying higher premium as compared to a plain risk cover offered by the same insurer.
The annual payout of claim benefits is useful for the policyholder's nominees. | | | |
| | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 60 | | | | | Maximum Maturity Age (years) | | 70 years for 10 year term
75 years for 15 year term
80 years for 20 year term | | | | | Policy Term (years) | | | | | | | Minimum | | 10,15 | | | | | Maximum | | 20 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | Annual Income (as selected while buying the policy x 20 years) | | | | | Maximum | | No limit | | | | | Minimum Premium (Rs) | | | | | | | Yearly | | 2500 | | | | | Half-Yearly | | 1300 | | | | | Quarterly | | 675 | | | | | Monthly | | 225 | | | | | Premium Payment Frequency | | Yearly, Half-Yearly, Quarterly(via ECS), Monthly(via ECS) | | | | | Premium Payment Term | | Equal to Policy term | | | | | Policy Cover | | Cover remains same throughout the policy term. | | | | | 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 for Yearly, Half yearly and quarterly premium payment modes and 15 days in case of monthly premium payment mode.. 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 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. | | | | | Maturity Value | | 100% of total premiums paid during benefit term | | | | | Surrender Value | | Allowed after three year premiums have been paid duly on time and three years have alapsed. It is calculated as: 30% x premiums paid till date excluding first years premium excluding first year's premium and any extra premium paid. | | | | | Customer Service | | Bharti AXA Life Insurance Company Limited, Unit 601 & 602, 6th Floor, Raheja Titanium, Off Western Express Highway, Goregaon (East), Mumbai 400 063 | | | |
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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