Thursday, November 21, 2013

Prajna Capital

Prajna Capital

Star Union Dai-ichi Life Premier Protection Plan

Posted: 21 Nov 2013 04:00 AM PST

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Star Union Dai-ichi Life Premier Protection Plan

Objective

This term insurance policy aims to protect family members from financial distress in the event of death of the insured member.

What does it do?

This plan pays sum assured to the nominee in case of unfortunate demise of the life insured. The policy does not offer anything on survival.
Single premium policyholders, in case of an emergency, may surrender the policy after 1 year. The surrender value will be calculated according to the predefined formula.
Regular premium policies can avail accidental death and total and permanent disability rider. The rider pays an additional amount equal to rider sum assured in case of death due to an accident, or ten half-yearly installments, each equal to 10 per cent of the rider sum assured in the event of total and permanent disability.

Pros

The plan offers accidental death and total and permanent disability rider to enhance coverage.
A lapsed policy can be revived within 3 years.
Single premium policies can be surrendered in case of need.

Suited for

Anyone looking for a cover higher than Rs 25 lakhs can take this policy.

Our View

This is an expensive policy. Before buying any policy evaluate your needs and select regular premium payment option over single premium payment. 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

18

Maximum

60

Maximum Maturity Age (years)

65

Policy Term (years)

Minimum

5

Maximum

25

Sum Assured (Rs)

Minimum

2500000

Maximum

No limit

Premium Payment Frequency

Single, Yearly, Half-yearly, Quarterly, Monthly (via ECS only)

Premium Payment Term

Single or 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 from due date for annual, semi-annual and quarterly premiums and within 15 days in case of monthly premium. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, 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) 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. Premiums paid for SUD Life Accidental Death & Total and Permanent Disability Benefit Rider 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

Only Single Premium Policyholders can surrender policy after completion of one policy year. Surrender value will be 60% of Unearned Premium. Unearned Premium is {1-(elapsed duration since date of commencement of policy/ Term of policy)*Single Premium}

Customer Service

Address

Star Union Dai-chi Life Insurance Corporate Office: 11th floor, Raghuleela Arcade, Opp. Vashi Railway Station, Vashi, Navi Mumbai - 400 703 Registered Office: Star House, 3rd floor, West Wing, C-5, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051

Mail To

customercare@sudlife.in

Call On

022 39546300

Additions to the Plan

Available Rider(s)

SUD Life Accidental Death and Total and Permanent Disability: covers Death due to accident within 180 days of accident
Accidental dismemberment (loss of limbs and/or eye(s)
Permanent total disability due to an accident

Rider Conditions

Entry Age (years)

Minimum

18

Maximum

60

Maximum Maturity Age (years)

65

Rider Term (years)

Minimum

Equal to policy term

Sum Assured (Rs)

Minimum

10000

Maximum

Lower of Base plan insurance or 50 lakh

Rider Premium (Rs)

Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the Accidental Death and Total and Permanent Disability rider for Rs 5 lakh sum assured over a 10 year tenure; the annual rider premium works to Rs 400.

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

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      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
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      1. DSP BlackRock MicroCap Fund
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      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. 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

Aviva Life Shield Platinum - Protection

Posted: 21 Nov 2013 02:53 AM PST

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Aviva LifeShield Platinum- Protection

 

Objective

This is a pure term insurance policy offering two optional rider benefits- dreaded disease and accidental death.

What does it do?

Life protection plan pays out sum assured in case of unfortunate demise of the insured person. The plan does not offer any maturity benefit on survival and the two riders can be availed only with the regular premium payment option.

Pros

The accidental death benefit and dreaded disease rider enhance the scope of cover in this plan.
Dreaded disease rider provides extra protection for 18 listed diseases.
Policies with sum assured higher than Rs 25 lakh can avail rebate on premiums.
Women can avail discount on premium as they have lower mortality rate.
With the combination of accidental death and dreaded disease rider, the policyholder can maximise deductions under section 80C and section 80DD of the Income Tax Act.

Cons

The minimum sum assured is Rs 50 lakh.

Suited for

A pure term insurance policy is a definite buy everyone. The policy is suitable for those looking for high value term plans as there is no limit on the maximum sum assured.

Our View

A pure risk term plan offers adequate cover at low costs.
The dreaded disease and accidental death benefit rider enhance the scope of coverage. The dreaded disease rider will automatically terminate if policyholder develops any of the 18 listed diseases.

 

Eligibility

Entry Age (years)

Minimum

18

Maximum

60 in case of Cover without rider; 55 in case of Cover with Aviva Dreaded Disease (DD) rider; 50 in case of Accidental Death Benefit (ADB) or both ADB and DD riders

Maximum Maturity Age (years)

70 in case of Cover without riders; 65 in case of Cover with Aviva DD rider; 60 in case of ADB or both ADB and DD riders

Policy Variants

Option A: Protection

Policy Term (years)

Minimum

10

Maximum

52

Sum Assured (Rs)

Minimum

5000000

Maximum

No Limit

Minimum Premium (Rs)

Yearly

3200

Half-Yearly

1634

Quarterly

828

Monthly

278

Premium Payment Frequency

Yearly and Half-yearly; through ECS for Quarterly and Monthly

Premium Payment Term

Regular or equal to policy term

Premium Payment Term

Regular or equal to policy term

Premium Factor (multiply with annual premium)

Half Yearly: 0.5108 times annual premium; Quarterly: 0.2591 time annual premium; Monthly: 0.0871 time annual premium

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 (15 days for quarterly and monthly). 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 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. Premiums paid for Dread Disease 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 under Options B and C provided all due premiums have been paid fully. Surrender value will be decided from time to time by the company.

Customer Service

Address

Aviva Life Insurance Company India Ltd.
Aviva Tower, Sector Road, Opp Golf Course, DLF Phase V, Sector 43, Gurgaon 122 003, Haryana

Additions to the Plan

Available Rider(s)

Accidental Death Benefit (ADB): Death due to an accident.
Aviva Dread Disease (DD) offered to non-smokers only: The diseases covered are Heart Attack, Stroke, Cancer, End stage Kidney failure, Major Organ Transplant, Coronary Artery Bypass Surgery, Benign Brain Tumor, Deafness, Blindness, Aorta Graft Surgery, Heart Valve Surgery, Paraplegia, Motor Neurone Disease, Multiple Sclerosis, Coma, End stage Liver Disease, End Stage Lung Disease, Aplastic Anaemia, and Permanent Total Disability. There is a waiting period of 180 days for any claim admission under this rider.

Rider Conditions

Entry Age (years)

Minimum

18

Maximum

55

Rider Term (years)

Minimum

10

Maximum

30

Sum Assured (Rs)

Minimum

1000000 for ADB Rider and 200000 for DD Rider

Maximum

5000000 for both riders

Rider Premium (Rs)

Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the ADB rider for Rs 20 lakh, the annual premium works to Rs 1,200 and for DD rider for Rs 5 lakh the premium works to Rs 1,390.

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. 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

Star Criticare Plus Insurance Plan

Posted: 21 Nov 2013 01:50 AM PST

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

Star Criticare Plus Insurance

Objective

This policy aims to provide for hospitalisation expenses and pays a lump sum for critical illnesses covered herein.

 

Suited for

Anyone between 18 and 65 years of age can buy this policy.

 

What does it do?

This is a triple-benefit policy that covers medical expenses for non-allopathic treatments, treatments taken in a hospital and any stated critical illness. All benefits have been capped to certain limits.

 

Pros

It offers a family discount on including two or more members under the same policy.Premium paid under the policy qualifies for deduction under section 80D of Income Tax Act. It covers non-allopathic treatment expenses as well.

 

Cons

The policy covers only up to 70 years of age.There is a co-payment clause for those entering between age 60 and 65.

 

Our View

Each benefit is capped to sub-limits. Policyholder should look for policies without limits. Even senior citizens should go for plans specially designed for them to enjoy a wider coverage till lifetime.

 

Eligibility

Entry Age (years)

Minimum

18

Maximum

65

Maximum Policy Renewal Age (years)

70

Coverage Type

Individual

Policy Term (years)

1

Sum Insured (Rs)

Maximum

2 lakh (for senior citizens); 10 lakh for others

Minimum

2 lakh

Tax Benefit

Premium paid is eligible for tax benefit under section 80D of the Income Tax Act

Discount

Family discount of 5% upto 2 members and 10% for more than 2 members

Grace Period for Policy Renewal

15 days

Customer Service

Address

Star Health and Allied Insurance Company Limited
Corporate Office: No.1, New Tank Street,
Valluvar Kottam High Road, Nungambakkam,
Chennai - 600034.

Mail to

support@starhealth.in, info@starhealth.in

Call to

1800 425 2255 (24 hour helpline) / 044 2826 3300

SMS

STAR to 56677

 

Scope Of Cover

Cashless facility

Available at empanelled network hospitals in India

Re-imbursement

Available if treatment taken at any non empanelled non network hospital

Pre hospitalisation

Covered; upto maximum of 30 days prior to hospitalisation

Post Hospitalisation

lumpsum calculated at 7% of the hospitalization expenses (excluding room charges) subject to a maximum of Rs.5,000

In-patient hospitalisation

Covered

Room rent, boarding, Nursing expenses

covered @ 2% of Sum Insured upto a maximum of Rs. 4,000 per day

Cost of medicines and Drugs, Fees for Doctor / Surgeon / Consultant / Anesthetist

covered

Emergency Ambulance

Covered for Rs 750 per hospitalisation upto maximum of Rs 1500 per policy period

Non Allopathic Treatments

Covered upto 25% of Sum Insured per occurrence subject to maximum of Rs 25000 per policy period

Additional Cover

Pays a lumpsum on diagnosis of major disease for the first time

Cerebrovascular Accident/ Cardio vascular disease/ cancer and Breakage of bones, Renal Complications

Covered (maximum upto Rs 1.50 lakh for entry age between 60-65)

Hepatoma, Brain Tumour

covered (maximum upto Rs 1.20 lakh for entry age between 60-65)

Major Organ Transplant

Cerebro-Vascular Stroke causing Hemiplegia, Acute Myocardial Infarction resulting in Left Ventricular Ejection Fraction of < 25%

Established irreversible Coma

Established irreversible Paraplegia

Established irreversible Quadriplegia

Out-patient Treatment

Not Covered

 

Exclusions and Waiting Period

Pre existing diseases

Covered after 48 months (for basic cover only)

No claim period

Any disease contracted during the first 30 days of commencement of the policy

Waiting Period

90 days from date of inception of policy in case of major illnesses cover.certain diseases such as cataract, varicose veins and varicose ulcers etc will be covered after 2 years.Certain diseases such as hernia, piles sinusitis etc. shall be covered after 1 year.

Co-payment

30% of each and every admissible claim for entry age between 60 and 65 years(except for major illnesses cover)

General Exclusions

Cosmetic or beauty related treatmentsNaturopathy treatment

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. 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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