| Kotak eTerm Plan Posted: 19 Nov 2013 04:10 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Kotak eTerm Plan | | | | Objective | | This online term insurance policy aims to provide financial support to the family members in case of death of the insured member. This policy offers to increase the sum assured on important events in your life. | | | | | What does it do? | | This term plan pays sum assured in case of unfortunate demise of the insured. The policy does not pay any maturity or surrender value. The plan provides a 'Step Up' option that allows to increase sum assured at special events, by paying additional premium. The choice to avail this option has to be specified at the time of purchase, and the premiums will be charged accordingly. The additional fee, for step up option, will be charged till 45 years of age or end of policy term, whichever is earlier.
Sum assured under this option can be increased only up to a maximum limit for each event. Also the total sum assured should be less than 3 times of the basic sum assured.
The maximum sum assured limit for marriage or purchase of a house is 50 per cent of base sum assured, birth or legal adoption of a child and the first, third and fifth policy anniversary offer 25 per cent of basic sum assured as additional coverage.
The cost of insurance will increase by 3 per cent (of basic premium) for policies with a term up to 15 years and 5 per cent for policies with a tenure longer than 15 years.
Alternatively, the policy also offers a 'Step Down' option to reduce the sum assured after availing step up option. Exercising this option will cost Rs 500 per request.
This policy can also be converted into any Kotak plan, without medical check up, if the policy still has 5 years to maturity. | | | | | Pros | | The plan can be purchased online at convenience.The option to increase sum assured on events like marriage, purchase of house, birth of child or policy anniversary, without having to undergo any medical tests, takes care of increasing insurance needs.
Policyholder may convert this plan to any other plan offered by kotak except another term plan.
Women enjoy discount on premiums.
This policy eliminates agents from the sales process and passes the low cost benefit to policyholders. | | | | | Cons | | Step up option has to be selected at the time of purchasing the policy and not during the term .
Highest sum assured is limited to Rs 24.99 lakhs which may serve everyone's needs.
The policy does not offer any riders for additional coverage. | | | | | Suited for | | A pure term insurance policy is a definite buy for everyone. This policy can be taken by those who can make online purchase without services of agents. | | | | | Our View | | Being an online policy, this plan passes the low cost benefit to the buyers as reduced premiums. The option to increase sum assured can be availed by young buyers, yet to marry or purchase property. Non-availability of riders makes a separate health and accidental cover necessary. | | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 65 | | | | | Maximum Maturity Age (years) | | 70 | | | | | Policy Term (years) | | | | | | | Minimum | | 5 | | | | | Maximum | | 30 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 300000 | | | | | Maximum | | 2499999 | | | | | Minimum Premium (Rs) | | | | | | | Yearly | | 1800 | | | | | Half-Yearly | | 918 | | | | | Quarterly | | 468 | | | | | Monthly | | 153 | | | | | Premium Payment Frequency | | Yearly, Half-Yearly, Quarterly, Monthly | | | | | Premium Payment Term | | Equal to policy term | | | | | Premium Factor (multiply with annual premium) | | Semi Annually: 0.51
Quarterly: 0.26
Monthly: 0.085 | | | | | Policy Cover | | Cover remains fixed throughout 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 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 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 with interest and undergoing underwriting requirements, if any. | | | | | Tax Benefits | | Section 80C, 10(10D) of the Income Tax Act, 1961 would apply.Premium paid is eligible for tax deduction as per current income tax act. | | | | | 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 | | Kotak Mahindra Old Mutual Life Insurance Ltd.
4th Floor, Vinay Bhavya Complex,
159 A, C.S.T. Road, Kalina,
Santacruz (East),
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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| Reliance Critical Illness Plan Posted: 19 Nov 2013 03:16 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Reliance Critical Illness | | | | Objective | | This policy aims to provide additional financial assistance if insured person contracts any of the listed critical illnesses. | | | | Suited for | | Anyone between 20 and 50 years of age can buy this policy. It can also cover family members including spouse, two children and parents under a single policy. | | | | What does it do? | | This policy pays a lump sum benefit in case any of the insured members contract a covered critical illness. The policy benefit will be paid only if insured member survives 30 days after the confirmed diagnosis of the illness except in case of Quadriplegia where survival period is 60 days. | | | | Pros | | This policy can be bought online as well.
Premiums paid towards this policy enjoy a tax benefit under Section 80D. | | | | Cons | | t covers lesser number of critical illnesses. | | | | Our View | | This policy is useful if you have a family history of any of the listed life threatening diseases or if you wish to add on to the existing basic health cover. However, this policy should be bought only as an addition to the basic health cover and not as a substitute. Critical illness policies cannot replace basic health insurance policies. In comparison to similar policies offered by other insurers, this policy provides a narrow cover. Before buying this policy it is advised to check for alternatives with wider coverage. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 20 | | | | | Maximum | | 50 | | | | | Maximum Policy Renewal Age (years) | | 55 | | | | | Coverage Type | | Individual/ Family on an individual basis | | | | | Policy Term (years) | | 1 or 3 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | 20 lakh | | | | | Minimum | | 5 lakh | | | | | No Claim Bonus | | 5% no claim bonus for 1 year policy and 10% for 3 year policy for every claim free renewal till it reaches 50% of initial sum insured | | | | | Pre Policy Medical Check Up | | Not required for upto 45 years of age | | | | | Policy Termination | | Either of the parties may terminate this policy by giving a 7 days notice. The insurer would pay proportionate premiums if no claim has been made. | | | | | Customer Service | | | | | | | Address | | Reliance General Insurance Company Ltd., Regd Office: Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400001 | | | | | Mail to | | Services.Rgicl@relianceada.com | | | | | Call to | | 1800 3002 8282(toll free) ; 022 3989 8282(charges apply) | | | | | SMS | | Type 'protect' and send it to 55454 | | | | | Network Hospitals | | Http://www.reliancegeneral.co.in/insurance/cashless-hospitals.aspx | | | | | | | | | | | | | |
| | | | Scope of Cover | | | | | Life Threatening Illnesses | | | | | | | Cancer | | Covered with exclusions as mentioned in the policy document | | | | | Major Organ transplant | | | | | Multiple Sclerosis | | | | | Third Degree burns | | | | | Aorta Graft Surgery | | | | | Lifestyle Disabling Illnesses | | | | | | | Heart Valve replacement or repair | | Covered with exclusions as mentioned in the policy document | | | | | Coma (persisting more than 30 days) | | | | | Quadriplegia (persisting more than 60 days post diagnosis without any significant recovery) | | | | | Total blindness | | | | | Hospital Cash Allowance( for upto 30 days) | | | | | End stage renal disease(not involving transplant) | | | |
| | | | Exclusions and Waiting Period | | | | | Pre-existing diseases | | not covered | | | | | No claim period | | first 3 months from policy commencement | | | | | Survival period | | 30 days from confirm diagnosis of the critical illness | | | |
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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- 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
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
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- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
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| HDFC ERGO Individual Personal Accident – Revive Posted: 19 Nov 2013 12:56 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) HDFC ERGO Individual Personal Accident – Revive | Objective | A personal accident policy that allows to extend coverage to include spouse, children and/ or parents under the same policy. | | | Suited for | This policy is suitable for those who want to include all family members under one accident policy. | | | What does it do? | This is a personal accident policy that can be either bought as an individual policy for oneself or as a family policy that covers your spouse and children as well. It allows to cover your parents under the same policy. It covers accidental death, permanent disablement, broken bones and burns. It provides a daily cash benefit up to the maximum number of days mentioned in policy schedule. Ambulance cost is also covered. | | | Pros | Family discount on covering two or more members is available.
Parents can be covered.
5 per cent bonus for each claim-free year is available.
This policy can be bought online through company's website. | | | Cons | Policy benefits for parents(if covered) are limited to pre- decided levels.
This policy does not cover temporary disablement.
There is no taxation benefit. | | | Our View | A standalone personal accident cover is a must for those exposed to any type of accidental risks, be it driving on road or working in a factory. Option to include parents makes this policy stand out. However, including parents should be considered only if they are exposed to the accidental risk and really require this type of cover. | | | Eligibility | | | Entry Age (years) | | | Minimum | 18; 3 Months for Children | | Maximum | 65 for self and 70 for parents(if opted for Family Package Cover); 21 for Children | | Maximum Policy Renewal Age (years) | 65 | | Coverage Type | Self/ Self & Family/ Self + Dependent parents/ Self & Family +Dependent Parents | | Policy Term (years) | 1 | | Sum Insured (Rs) | | | Maximum | 15 lakh | | Minimum | 2.5 lakh | | Discount | Family discount of 10% if 2 or more members are covered | | No Claim Bonus | 5% for each claim free year upto maximum of 50% of initial Sum insured. On acceptance of claim during any policy year, cumulative bonus will be reduced by 10% in subsequent policy year. | | Pre Policy Medical Check Up | Not required | | 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 30 days written notice to insurer. In case policyholder cancelling the policy, a certain percentage of premium would be refunded on prorata basis. | | 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 | | | | | | Scope Of Cover | | Self Plan | Family Plan | | Accidental Death (within 12 months post accident) | covered upto 100% of Sum insured | 100% of Sum Insured for Self or spouse and 10% for children | | Permanent Disablement (within 12 months post accident) | pays upto 100% of Sum Insured | 100% of Sum Insured for Self or spouse and 10% for children | | Emergency Ambulance | covered; it pays Rs 1500 for Sum Insured upto Rs 10 lakh and Rs 2000 for Rs 15 lakh Sum Insured | no discretion of coverage | | Broken Bones | pays upto 10% of Sum Insured | pays upto 10% of Sum Insured for self or spouse. No payout for children | | Hospital Cash- Accident and Sickness | Rs 250 per day for Sum Insured upto Rs 7.5 lakh and Rs 500 per day for higher Sum Insured. Daily Cash Benefit is realised only if need of hospitalisation arises within one month following the date of accident. There is a time deductible of 3 days | Same entitlement for self or spouse and 50% of entitlement for children | | Burns | Second and third degree burns caused whilst on a common carrier are covered upto maximum of Sum Insured | 100% of Sum Insured for Self or spouse. No payout for children | | Add On Coverage for parents (requires payment of additional premium) | | Dependent parents Cover | | | | Accidental Death | Covered upto maximum of Rs 2.5 lakh | | Permanent Disablement | | Broken Bones | Covered upto maximum of Rs 50000 | | Exclusions and Waiting Period | | General Exclusions | Self inflicted bodily injury Bodily injury due to driving two wheeler of more than 150 ccEngagement in any illegal or criminal activitiesEngagement in adventurous acts such as parachuting, bunjee jumping etc.Bodily injury arising as aresult of terrorismbodily injury or disease caused as a result of HIV/ AIDS or any 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
- 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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