Prajna Capital

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• PNB Met Suraksha - Term Assurance with Return of Premium (TROP)
• Apollo Munich Maxima Health Plan
• Reliance Special Term Plan

PNB Met Suraksha - Term Assurance with Return of Premium (TROP) Posted: 18 Nov 2013 04:05 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   PNB Met Suraksha-Term Assurance with Return of Premium (TROP) Objective This is a return-of-premium policy that aims to provide financial assistance on unfortunate demise of the insured person. What does it do? This policy can pay death benefit on death of the insured or refund entire basic premium paid along with guaranteed additions on survival at the end of policy tenure. The guaranteed additions are equal to 10 per cent of premiums (including policy fee) paid (and excluding extra premiums and rider premiums). The policy will not lapse in case the policyholder fails to pay premium for any reason. It will continue with a reduced paid-up value, provided premiums for first 3 policy years were paid regularly. The reduced paid-up value is calculated using following formula: (Number of premiums paid/ Total number of premiums payable) x Face amount It also guarantees a surrender value if the policyholder does not wish to continue with the policy. Pros Riders are available for additional protection. The policy provides guaranteed additions of 10 per cent of premiums paid (excluding rider premium) at maturity. The policy offers a long reinstatement period of 3 years, unlike 2 in most plans. There is also a guaranteed surrender value. Premiums paid towards this policy qualify for tax deduction under Section 80C. Cons Riders can be taken only at the time of purchase and not during the policy term. Suited for This policy can be taken by those who are not satisfied with pure risk insurance and would like to receive some part of premiums on survival. Our View Return-of-premium policies are relatively expensive as compared to simple term insurance policies that do not offer anything on survival. Before buying any life insurance policy, evaluate your needs and do not consider multiple benefits offered by any policy, until you need them. Eligibility Entry Age (years) Minimum 18 Maximum 50 Maximum Maturity Age (years) 65 Policy Term (years) Minimum 15 Maximum 20 Sum Assured (Rs) Minimum 200000 Maximum No limit Premium Payment Frequency Single, Yearly, Half-Yearly, Quarterly, Monthly Premium Payment Term Single, Limited-3 year pay, equal to policy term Premium Factor (multiply with annual premium) 0.5131 for Half-Yearly, 0.2605 for Quarterly, 0.0886 for Monthly and 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. 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 Paid Up Value If policyholder due to any reason fails to pay premium, the policy does not lapse. It continues at ' Reduced Paid up Value' provided premiums for first three policy years have been paid on time. Reduced Paid Up Value = (No. of premiums paid / Total no. of premiums payable) x face amount. Maturity Value Basic premiums exclusive of rider premiums or extra premiums paid if any on survival at maturity. Surrender Value Regular Premium = 30% x premiums paid including policy fee and excluding first year premium, extra premiums and rider premiums, payable at the end of 3rd year Single Premium = 90% x single premium including policy fee and excluding extra premiums and rider premiums; payable at the end of 2nd year Limited Pay = 80% x premiums paid including policy fee and excluding first year premiums, extra premiums and rider premiums; payable at the end of 3rd year 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: Death due to accident within 180 days of accident. Critical Illness Benefit: It covers 10 critical illnesses namely: Heart Attack, Stroke, Cancer, Surgery to coronary arteries, Kidney failure, Major organ transplant, Aorta surgery, Blindness, Heart valve replacement and Paraplegia. There is a waiting period of 90 days from the date of issue to avail the benefit and a survival period of 30 days after confirm diagnosis of the illness. Rider Conditions Entry Age (years) Minimum 18 Maximum 55 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 Rs711 and Rs 1004 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 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 Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Apollo Munich Maxima Health Plan Posted: 18 Nov 2013 03:26 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   Apollo Munich Maxima Health Objective An inclusive health insurance plan that covers small illnesses under OPD treatment and can also incur inpatient hospitalisation expenses. This policy aims at complete protection including maternity cover and an optional cover against eight chronic diseases.   Suited for This policy is suitable for those seeking an all-in-one insurance cover. It is available on individual and family floater basis. A family floater policy may include proposer, spouse, up to two dependent children.   What does it do? A comprehensive insurance policy which covers inpatient hospitalisation, out patient department treatment, maternity expenses, domiciliary treatment i.e., treatment taken at home, day care procedures which do not require hospitalisation due to technological advancement and other incidental expenses. Under OPD treatment, the insured member(s) are entitled to a limited consultations with doctor. Other OPD benefits like diagnostic tests, pharmacy, dental treatment and spectacles are capped. Critical illness cover and cover for newborn are two optional covers worth buying. Add-on critical illness cover provides for eight chronic illnesses and pays a lump sum on confirmed diagnosis of any of the illnesses. Coverage for other incidental expenses such as pre and post hospitalisation, treatment of organ donor, a specific daily cash allowance for one adult accompanying an insured child under inpatient hospitalisation, are available in the policy.   Pros There is no exclusion or waiting period under OPD treatment cover. This policy covers diagnostic tests, dental treatment, spectacles, contact lenses under OPD benefits. Policyholder enjoys a 10 per cent increase in annual inpatient sum insured for every claim-free year up to maximum of 50 per cent of sum insured. Policyholder is allowed to carry forward 50 per cent of unutilized Entitlement Certificates to the next policy year except for Annual Health Check up. Premium paid towards this policy is eligible for tax benefit under section 80D of Income Tax Act.   Cons There are no choices to make for inpatient sum insured. This policy is available with sum insured worth Rs 3 lakh only. There is a capping on most of the benefits both under inpatient hospitalisation and OPD cover. Cumulative bonus reduces by 20 per cent in the following year when claim has been made.   Our View The policy features a comprehensive protection for an individual and family. It is recommended to take critical illness cover as an add-on to boost the scope of coverage. Maternity cover is another advantageous benefit provided childbirth is planned well before time as it involves a 4-year waiting period. There is no exclusion under OPD cover. Even pre-existing illnesses under out-patient treatment are covered with zero waiting period. Moreover, the policy provides for lifelong renewal. Since most of inpatient and OPD benefits are capped, avoid unnecessary expenses at hospital to avoid risk of slugging your cover   Eligibility Maximum Policy Renewal Age (years) No Limit Coverage Type Individual / Family Floater Policy Term (years) 1 Sum Insured (Rs) Maximum 3 lakh Minimum 3 lakh Tax Benefit Premium paid is eligible for tax benefit under section 80D of the Income Tax Act No Claim Bonus 10% increase in your annual inpatient benefit sum insured for every claim free year, till it reaches 50% of the Sum Assured and 50% carry forward bonus for unutilized OPD benefits(except Annual Health Check-up). In case a claim is made during a policy year, the cumulative bonus would reduce by 20% in the following year 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, prorata 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 or 1800-103-0555 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 Available Pre-post hospitalisation Relevant medical expenses covered from 30 days prior and 60 days post hospitalisation In-patient Treatment Covers boarding, lodging, ICU, Operation theatre, Anesthesia, Blood, Oxygen, Surgical appliances, medicines, drugs and consumable, nursing and medical practitioner charges Day-Care Procedures 140 in number are covered Domiciliary Treatment Covered Daily cash for choosing shared accommodation Rs 500 per day, Maximum Rs 3,000 Expenses for organ donor of transplant Covered Emergency Ambulance Up to Rs 2,000 per hospitalisation Daily Cash for 1 adult accompanying an insured child Rs 300 per day, maximum Rs 9000 Newborn baby Optional Maternity Expenses with waiting period of 4 years Normal Delivery- Rs 15,000;Caesarean Delivery- Rs 25, 000 (Including Pre/Post Natal limit of Rs 1,500 and infant baby limit of Rs 2,000) Optional Cover for Critical Illness Rs 3 lakh covered on an individual basis. It covers against 8 critical diseases namely: cancer, coronary artery (bypass) surgery, first heart attack (myocardial infarction), kidney failure (end stage renal disease), major organ transplantation, multiple sclerosis, paralysis and stroke after a survival period of 30 days after confirm diagnosis of any covered illness. Maximum cover ceasing age is 70 years. Out-patient Treatment Covered; It pays for doctor consultation, pharmacy expenses, spectacles, contact lenses, health check-up and diagnostic tests. Pre-existing illnesses under OPD Benefits covered without any waiting period Out-patient Consultations 4 consultations for 1 member cover/ 6 for 2 members cover/ 8 for 2 members + upto 2 children Diagnostic tests/ Pharmacy/ Dental treatment/ Spectacles, Contact lenses(Rs) 5000 for 1 member cover/ 5500 for 2 member cover/ 7000 for 2 adults + upto 2 children Health Check-up within specified network and not available on reimbursement basis 1 Entitlement Certificate for 1 member cover, 2 Entitlement Certificates for 2 member and 2 adults + upto 2 children cover option. Allowed to member aged between 18 and 45 years from second year.   Exclusions and Waiting Period under OPD treatment No exclusions under Inpatient treatment Pre existing Diseases Pre-existing Diseases will be covered after a waiting period of 3 years No claim period Any disease contracted during the first 30 days of commencement of the policy except for accidental emrgency Waiting Period 24 hours for certain diseases and illnesses specified under policy document.Maternity expenses will be covered after a waiting period of 4 years. General Exclusions Non allopathic treatment.Any psychiatric or mental disorders.AIDS or any other related conditions. 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 Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Reliance Special Term Plan Posted: 18 Nov 2013 01:04 AM PST Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   Reliance Special Term Plan Objective The policy aims at providing financial support to a family in case of death of the policyholder. The policy returns premiums on survival at maturity. What does it do? This term insurance plan pays sum assured to the nominee in the event of death of life insured. It also refunds entire basic premiums paid on policyholder's survival at maturity. The policy does not lapse but continues as paid-up one if premiums are not paid after first 3 years. Policy can be surrendered after completing 3 policy years. Pros This plan refunds entire basic premium paid on maturity and also allows to surrender the policy. Women can avail discount on premium and pay premium equal to 3 years younger male policyholder. It offers riders to enhance coverage. It has a higher policy reinstatement period of 3 years, in case of a lapse. Premiums paid toward the policy qualify for tax benefit under Section 80C of Income Tax Act. Cons Single premium policy can be taken for a maximum of 15 years only which may not be an adequate term for everyone. Suited for This policy is suitable for those who cannot pay premiums for a simple term plan without any survival benefit. It refunds basic premiums if insured survives the policy term. Our View A pure term plan is a definite buy for everyone. Even though there is an option to surrender the policy, you should not do it and continue till end of the term. This saves you from paying higher premiums if you buy a new plan at later ages. Single premium plan may prove to be expensive as compared to regular premium payment option as you lock in a large amount for a fixed cover. The reason we say this is because in case something goes wrong in early years of the policy, you have already paid a huge chunk of amount as premium to the insurance company. Eligibility Entry Age (years) Minimum 21 Maximum 60 Maximum Maturity Age (years) 64 Policy Term (years) Minimum 5 Maximum 15 for Single Premium 30 for Regular Premium Sum Assured (Rs) Minimum 250000 Maximum No limit Minimum Premium (Rs) Yearly 1000 Half-Yearly 500 Quarterly 250 Monthly 83 Single 3000 Premium Payment Frequency Single, Yearly, Half-yearly, Quarterly, Monthly (via ECS only) Premium Payment Term Single, Equal to policy tenure 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 for annual, semi-annual and quarterly premium and 15 days for monthly mode 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 3 years from the due date of the first unpaid premium) at terms and conditions required by the company. Tax Benefits Section 80C and Sec 10(10D) of the Income Tax Act, 1961 would apply.Premiums paid for Reliance 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 Surrender Value Allowed only if 3 years premiums were paid in full and 3 years have elapsed.Surrender value is 30% of all basic premiums paid in case of Regular premium and 30% of Single premium for single premium policy. Customer Service Address Reliance Life Insurance Company Limited Registered office: H Block, 1st floor, Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra 400710, India Mail To rlife.customerservice@relianceada.com Call On 1800 300 08181 & 3033 8181 SMS INSURE' to 55454 Additions to the Plan Available Rider(s) Reliance Accidental Death & Total and Permanent Disablement Rider: covers Death due to an accident, Accidental dismemberment (loss of limbs and/or eye(s) and Permanent total disability due to an accident. Inbuilt Waiver of Premium: In case of Total and Permanent Disability, this inbuilt rider waives off all future premiums under the basic policy and riders upto a limit of Rs 40000 p.a. Reliance Critical illness Rider: covers 10 critical illnesses namely: Cancer, Coronary Artery Bypass Surgery, Heart Attack, Stroke, Kidney Failure, Aorta Surgery, Coma, Heart Valve Replacement, Major Organ Transplant and Paralysis. There is a waiting period of 6 months and survival period of 30 days to claim benefit under this rider. Rider Conditions Entry Age (years) Minimum 18 Maximum 59 Maximum Maturity Age (years) 64 Rider Term (years) Minimum 5 years for Critical Illness Benefit Sum Assured (Rs) Maximum 50 lakh 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 Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

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