| 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 ) - ICICI Prudential Tax Plan Invest Online
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| 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 ) - ICICI Prudential Tax Plan Invest Online
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| 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 ) - 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
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- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
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- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
 |
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