| SBI Life Smart Shield - Decreasing Term Assurance (Loan Protection) Posted: 16 Nov 2013 12:02 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) SBI Life Smart Shield -Decreasing Term Assurance (Loan Protection) | | | | Objective | | This policy is designed for those with a loan overhead. | | | | | What does it do? | | The policy pays sum assured to the nominee in case of death of the insured. Single premium policies can be surrendered after second policy year. The policy doesn't offer any survival benefit. Sum assured under this plan reduces as the loan is repaid. This option is useful for those who have an outstanding home or car loan liability. Policyholder can choose a sum assured and interest rate closest to the loan amount and interest. The choice of available interest rates includes 6, 8, 10, 12, 14, 16, 18 and 20 per cent. For example, if policyholder has taken a loan at 10.25 per cent, he may either select 10 or 12 per cent as rate of interest to prepare loan schedule under this plan. Similarly, the policyholder can select the sum assured nearest to the loan amount. | | | | | Pros | | The policy offers rebate on taking a high sum assured.
Females enjoy discount on premium under level term and increasing term assurance options.Non-smokers enjoy premium discount as well.
The policy also offers a surrender value.
Premiums qualify for taxation benefits. | | | | | Suited for | | This policy is suitable if you have you want separate cover for a loan. | | | | | Our View | | Loan protection cover is a good way to protect your family from the burden of liabilities in case something happens to you.
When buying such a policy, make sure to match the interest of your loan with the rate at which sum insured reduces under the policy. This ensures that you have the right cover and not one that is higher or lower than your needs. | | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 65 | | | | | Maximum Maturity Age (years) | | 70 | | | | | Policy Term (years) | | | | | | | Minimum | | 5 | | | | | Maximum | | Lower of outstanding loan term or 30 years | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 2500000 and in multiples of Rs 1 lakh thereafter | | | | | Maximum | | No limit | | | | | Minimum Premium (Rs) | | | | | | | Single | | 15000 | | | | | Premium Payment Frequency | | Single | | | | | Premium Payment Term | | Single | | | | | Policy Cover | | Policy Cover decreases with decrease in outstanding loan amount. | | | | | 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, including the rider cover, if any, 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. | | | | | 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 | | Single premium (exclusive of service tax) x 75% x { outstanding term to maturity/ total term} x {Effective Sum Assured at time of Surrender/ Initial Sum Assured} | | | | | Customer Service | | | | | | | Address | | SBI Life Insurance Corporate Address: "Natraj",
M.V. Road & Western Express Highway Junction,
Andheri (East), Mumbai - 400 069 | | | |
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 ERGO Critical Illness Plan Posted: 15 Nov 2013 10:17 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) HDFC ERGO Critical Illness Insurance Plan | | | | Objective | | A special policy that provides a cover against critical illnesses. | | | | Suited for | | This policy is more suitable for those with a family history of life threatening disease(s). People approaching their 40s and those above 40, may opt for this cover as the chances of falling ill increase in old age. | | | | What does it do? | | This policy comes in three variants- Silver, Gold and Platinum. Silver Plan covers eight critical illness. Gold and Platinum plans cover more illnesses hence offering a wider protection. This policy pays a lump sum on confirmed diagnosis of any of the critical illnesses covered herein, after a survival period of 30 days. A policyholder cannot make multiple claims during the lifetime of the policy as the cover ceases once a claim is made for critical illness. | | | | Pros | | This plan can be bought online through company's website.
Premiums paid under this plan qualify for deduction under Section 80D of Income Tax Act. | | | | Cons | | Pre-existing diseases are not covered.
A person can enter this policy only upto 45 years of age. | | | | Our View | | Critical illnesses prick the pockets hard as their treatments require hefty amounts. This policy is worthy and the three variants on offer are useful for individuals to get cover of their desire that may be based on their family history. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 5 | | | | | Maximum | | 45 | | | | | Maximum Policy Renewal Age (years) | | 66 for one year policy term and 67 years for two years policy term | | | | | Coverage Type | | Individual | | | | | Policy Term (years) | | 1 or 2 years | | | | | Sum Insured (Rs) | | | | | | | Maximum | | 10 lakh | | | | | Minimum | | 2.5 lakh | | | | | Tax Benefit | | Section 80D of the Income Tax Act are applicable | | | | | Discount | | Discount on choosing a policy tenure of 2 years | | | | | Pre Policy Medical Check Up | | Required depending upon age and sum insured | | | | | Grace Period for Policy Renewal | | 15 days | | | | | 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 based on policy term elapsed till date. | | | | | Customer Service | | | | | | | Address | | HDFC ERGO General Insurance Company Limited 6th floor, Leela Business Park, Andheri-KurlaRoad Andheri East, Mumbai 400 059; Registered Office: Ramon House, HT Parekh Marg 169, Backbay Reclamation, Mumbai 400 020 | | | | | Mail to | | care@hdfcergo.com | | | | | Call to | | 1800 2 700 700 | | | | | | | | | | | | | |
| | | | Exclusions and Waiting Period | | | | | Pre-existing diseases | | Not covered | | | | | Survival period | | Critical illness benefits will be paid only after a survival period of 30 days from the date of first diagnosis. | | | | | Waiting Period | | 90 days from the date of buying the policy for the first time | | | | | General Exclusions | | HIV/ AIDS or any other related diseaseWar, participation in any criminal activity or adventurous activities such as mountaineering etc or any other related condition | | | |
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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- 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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- HDFC Taxsaver
- 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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| Chola MS Critical Healthline Plan Posted: 15 Nov 2013 09:13 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Chola MS Critical Healthline | | | | Objective | | It aims to provide financial respite in case the insured person contracts a listed critical illness. The lump sum benefit can be utilized as per the policyholder's discretion. | | | | Suited for | | Though, it can be opted by anyone who fulfills the eligibility criteria, it is highly recommended for people with family history of any dreadful disease. | | | | What does it do? | | It pays a lump sum on confirmed diagnosis of any of the listed critical illnesses. Each critical illness has a waiting period, starting from commencement of the policy, during which it cannot be claimed. There are two plans to choose from- Standard and Advanced plan, covering 10 and 12 critical illnesses respectively. | | | | Pros | | It allows lifetime renewal.
It offers lower premium for women.
Policy premium qualifies for taxation benefit under section 80D of Income Tax Act | | | | Our View | | One should not be reluctant in purchasing a critical illness cover if there is a family history of any dreadful disease. Along with basic policy, this policy will pay a lump sum in case of illnesses that require huge expenses for treatment. This is a recommended policy as the cover can be renewed till lifetime. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18; 5 for Children | | | | | Maximum | | 65; 25 for Children | | | | | Maximum Policy Renewal Age (years) | | Lifetime | | | | | Coverage Type | | Individual/ family | | | | | Policy Term (years) | | 1 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | 10 lakh | | | | | Minimum | | 3 lakh | | | | | Customer Service | | | | | | | Address | | Registered Office:Cholamandalam MS,
General Insurance
Company Ltd,
2nd Floor, "Dare House",
No.2, NSC Bose Road,
Chennai - 600001, India | | | | | Mail to | | customercare@cholams.murugappa.com | | | | | Call to | | 044-3044 5400, 1800-200-5544 (Toll Free) | | | | | SMS | | SMS "CHOLA" to 56677 | | | | | Network Hospitals | | Http://www.cholainsurance.com/nwhosp/ | | | | | | | | | | | | | |
| | | | Scope of Cover | | | | | | Standard Critical Healthline | | Advanced Critical Healthline | | | | | Critical illnesses (Survival Period in days) | | | | | | | | | Cancer of specified severity(30) | | covered | | covered | | | | | Stroke resulting in permanent symptoms(90) | | covered | | covered | | | | | First Heart Attack(30) | | covered | | covered | | | | | Open chest CABG(30) | | covered | | covered | | | | | Kidney Failure RequiringRegular Dialysis(30) | | covered | | covered | | | | | Multiple Sclerosis with persisting symptoms(180) | | covered | | covered | | | | | Major organ/ bone marrow transplant(30) | | covered | | covered | | | | | Permanent paralysis of limbs(180) | | covered | | covered | | | | | Surgery of Aorta(30) | | covered | | covered | | | | | Primary Pulmonary hypertension(30) | | covered | | covered | | | | | Parkinson's disease(180) | | NA | | covered | | | | | Motor Neuron Disease With Permanent Symptoms(90) | | NA | | covered | | | | | Emergency Ambulance | | NA | | covered upto Rs 1000 per insured per policy year | | | |
| | | | Exclusions and Waiting Period | | | | | Pre-existing diseases | | not covered | | | | | No claim Period | | 90 days from commencement of the policy | | | | | Survival period | | as stated under scope of cover | | | |
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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