| Apollo Munich Insure Health Plan Posted: 13 Nov 2013 01:10 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Apollo Munich Insure Health | Objective | This is a low cost and instant policy wherein, the time lag between submission of proposal form and policy activation is minimal. It aims at relieving proposer of any tedious procedures involved in buying insurance. | | | Suited for | This policy is suitable for young and single individuals as a starter policy only, if their budget does not allow to buy a more comprehensive one. Self, spouse, dependent children and dependent parents can be covered under this policy on an individual sum insured basis. | | | What does it do? | This is an instant policy wherein the Proposer can fill and submit the proposal form at any of Apollo Munich sales counters. Unlike other policies, there is no time lag between submission of form and policy activation. The policy gets authorized at the point of sale itself.
It covers medical expenses incurred as an inpatient in a hospital. Pre and post hospitalisation expenses are covered with a ceiling imposed on maximum claim amount. It also covers Ayurveda, Unani, Sidha and Homeopathy treatments. Hospitalisation expenses of organ donor and day care procedures which do not require a 24-hour stay in a hospital due to technological advancement are also covered. It must be noted however that co-payment clause applies to all the covered expenses, according to which a policyholder has to pay 15 per cent of each admissible claim and insurance company will pay the remaining. | | | Pros | It covers pre and post hospitalisation expenses as well.
In addition to allopathic treatment, it covers traditional forms of treatments such as Ayurveda, Unani, Sidha and Homeopathy, jointly known as 'Ayush'.
Policyholder enjoys a loyalty discount of 5 per cent at the time of renewal.
Family discount of 10 per cent is applicable if two or more members are insured simultaneously.
Sum Insured enhancement is permitted at subsequent renewal.
Premium paid under this policy qualifies for deduction under section 80D of Income Tax Act. | | | Cons | It does not provide for emergency ambulance.
There is a capping on room rent for each sum insured level.
Pre and post hospitalisation cover is capped too.
Cover for 'Ayush' treatment is capped at certain percentage of sum insured.
There is a co-payment clause where policyholder has to bear a certain percentage of every single claim under the policy. | | | Our View | A low cost policy offering narrow coverage. Most of the benefits are capped to certain percentage of sum insured. It may act as a starter policy for young individuals only if budget restrains to buy a more inclusive policy. Once policyholder feels the need of an enhanced cover, the option to shift to another more comprehensive policy may be exercised. Do not get swayed by low policy premiums as the policy offers lesser features as compared to other health policies. Above all, a co-payment clause of 15 per cent on each claim acts as an impingement. | | | Eligibility | | | Entry Age (years) | | | Minimum | 5; 3 months for children | | Maximum | 50 | | Maximum Policy Renewal Age (years) | 75 | | Coverage Type | Individual | | Policy Term (years) | 1 | | Sum Insured (Rs) | | | Maximum | 2 lakh | | Minimum | 25000 | | Tax Benefit | Premium paid is eligible for tax benefit under section 80D of the Income Tax Act | | Discount | Loyalty discount of 5% on renewal premium.
A cross selling credit to buy any other apollo munich health product within 365 days from renewal date.
Family discount of 10% is applicable if 2 or more family members included. | | Pre Policy Medical Check Up | Not required | | Grace Period for Policy Renewal | 15 days grace period is allowed to policyholder for payment of premium at the insurers discretion. | | Co Payment Clause | 15% of medical expense will have to be borne by policyholder for each claim. | | Policy Termination | Insurance company may terminate the policy by giving a written notice of 30 days. Policyholder is allowed to terminate the policy at anytime by giving a written notice. In case no claim has been made under the policy, percentage of premium will be refunded | | Customer Service | | | Address | Apollo Munich Health Insurance Company Limited
Corporate Office: 10th floor, Tower B, Building No. 10, DLF Cyber City, Phase -II, Gurgaon, Haryana-122002
Registered Office: Apollo Hospital Complex, Jubilee Hills, Hyderabad - 500033 | | Mail to | customerservice@apollomunichinsurance.com | | Call to | 1800-102-0333 | | SMS | Health' to 56767333 | | Network Hospitals | Http://www.apollomunichinsurance.com/our-hospital-network.aspx | | | | | | Scope of Cover | | Cashless facility | Available at empanelled hospitals in India. | | Re-imbursement | In case policyholder opts for non empanelled hospital | | Pre-post hospitalisation | pays a lumpsum of 1% of admissible claim amount towards each of pre and post hospitalisation expenses | | In-patient Treatment | Covered and includes all hospitalisation expenses | | Day-Care Procedures | 140 in number are covered | | Ayurveda, Unani, Sidha and Homeopathy Treatment | Covered, upto maximum of 10% of Sum Insured | | Expenses for organ donor of transplant | Covered | | Room rent Limit | | | | Sum Insured (Rs) per person per policy | Room Rent per day (Rs) | ICU Rent per day (Rs) | | 25000 | 500 | 1000 | | 50000 | 500 | 1000 | | 75000 | 750 | 1500 | | 100000 | 1000 | 2000 | | 200000 | 2000 | 2000 | | Exclusions and Waiting Period | | Pre-existing disease | covered after 48 months | | No claim period | Any disease contracted during the first 30 days of commencement of the policy | | Waiting Period | 24 months for certain diseases such as hernia, surgery of sinusitis etc mentioned in policy document | | General Exclusions | AIDS or any related illness will not be covered.Treatment of any mental or related disease is also excluded. | 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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| Royal Sundaram Hospital Cash Plan Posted: 12 Nov 2013 11:52 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Royal Sundaram Hospital Cash | | | | Objective | | This policy aims to cover expenses that are not not insured by other health insurance policies. | | | | Suited for | | It can be bought by anyone sufficiently insured under a basic health cover and is looking to cover petty expenses that are beyond the scope of other health plans. The cover is available for self, spouse, dependent parents and dependent children. | | | | What does it do? | | It has two plans: Silver and Gold. You may select either based on your requirement. Gold variant offers a higher cash allowance. The daily cash benefit will double in case of hospitalisation due to accident and triple on admission to ICU. The cash allowance amount can be spent by policyholder at his discretion. | | | | Pros | | It provides triple cash benefit if admitted to ICU and double cash allowance if hospitalised due to accident.
Premiums paid towards this policy enjoy a tax benefit under Section 80D. | | | | Our View | | The daily cash benefit can be utilized to pay for medical expenses or other expenses such as travel, accommodation and food of family members. Depending on severity of the situation such as accidental hospitalisation or ICU admission, this policy increases the cash allowance benefit for certain number of days. Buy this policy only if you already have a basic health insurance policy. This policy is not meant to replace health insurance plans but should be treated as a supplementary policy to enhance coverage. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 1 | | | | | Maximum | | 60 | | | | | Maximum Policy Renewal Age (years) | | 70 | | | | | Coverage Type | | Individual | | | | | Policy Term (years) | | 1 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | Daily Cash Benefit of 1000 | | | | | Minimum | | Daily Cash Benefit of 500 | | | | | Discount | | 10% family discount on covering more than 3 family members | | | | | Customer Service | | | | | | | Address | | Royal Sundaram Alliance Insurance Company Limited
Sundaram Towers 45 & 46,
Whites Road, Chennai 600 014 | | | | | Mail to | | customer.services@royalsundaram.in | | | | | Call to | | 1860 425 0000 (toll free) | | | | | SMS | | Type HCASH and send to 560701 | | | | | Network Hospitals | | Http://www.royalsundaram.in/App/search-hospital-list.aspx | | | | | | | | | | | | | |
| | | | Scope of Cover | | | | | | Silver Plan | | Gold Plan | | | | | Daily cash benefit in case of: | | | | | Hospitalisation | | Rs 500 for each 24 hours completed in a hospital for upto 180 days | | Rs 1000 for each 24 hours completed in a hospital for upto 180 days | | | | | ICU stay | | Cash benefit of Rs 1500 for maximum of 21 days | | cash benefit of Rs 3000 for upto 21 days | | | | | Accidental hospitalisation | | cash benefit of Rs 1000 for upto 21 days | | cash benefit upto Rs 2000 for upto 21 days | | | | | Convalescence Benefit (if hospitalisation exceeds 21 days) | | lumpsum upto Rs 7500 once during the policy period | | lumpsum upto Rs 15000 once during the policy period | | | |
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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| Edelweiss Tokio Life Protection Plan Posted: 12 Nov 2013 10:10 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Edelweiss Tokio Life Protection | | | | Objective | | This is a pure risk term plan that offers protection for a fixed tenure. The policy proceeds are paid to the nominees on death of the insured. | | | | | What does it do? | | This term plan pays sum assured to the nominee in the event of death of the insured. The policy does not pay any maturity benefit on survival. Apart from regular and single premium payment options, there is a limited premium payment option wherein the policyholder can pay premiums for a limited term and enjoy insurance cover throughout the policy term. Surrender is allowed under single pay and limited pay options. | | | | | Pros | | Policyholders have the choice to pay premiums regularly, as one-time payment or a limited time payment.
The policy gives premium discount to high sum assured policies, non-tobacco users and females.
It provides coverage for higher age of up to 70 years.
The policy can be surrendered in case of an emergency.
Premiums paid towards this policy qualify for taxation benefits. | | | | | Cons | | Minimum sum assured of Rs 15 lakh can limit the policy to those looking for a high cover.
If one chooses to pay the premium throughout the policy term via the regular mode, the payments can only be made annually, and not semi- annually, quarterly or monthly.
The policy doesn't offer any riders. | | | | | Suited for | | The policy is suitable for anyone looking for a term plan with more than Rs 15 lakh cover. | | | | | Our View | | This policy can be taken if you need a insurance cover and prefer to buy the policy with agent's assistance. It does not provide any riders. Limited premium payment mode can be useful to those unsure of regular income inflow after a few years, or those who fear faltering in paying regular premiums. | | | |
| | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 60 | | | | | Maximum Maturity Age (years) | | 70 | | | | | Policy Term (years) | | | | | | | Minimum | | 10 | | | | | Maximum | | 30 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 1500000 | | | | | Maximum | | No limit | | | | | Premium Payment Frequency | | Single or Annual | | | | | Premium Payment Term | | Single, 5-year, 10-year, 15-year and term of the plan | | | | | 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 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 | | | | | 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 | | Edelweiss Tokio Life Insurance Company Ltd., Edelweiss House, Off C.S.T. Road, Kalina, Mumbai - 400 098 | | | |
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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- Edelweiss ELSS Invest Online
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- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
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- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
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- Mid and SmallCap Funds Invest Online
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- Small and MicroCap Funds Invest Online
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- Reliance Banking Fund
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 |
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