| Chola MS Individual Health Plan Posted: 06 Nov 2013 01:07 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Chola MS Individual Health | | | | Objective | | A basic health insurance policy that provides for hospitalisation expenses along with a choice to avail extra cover by paying additional premium. | | | | Suited for | | Any individual upto 55 years can buy this policy. It also covers dependent parents upto 65 years of age. | | | | What does it do? | | Besides hospitalisation expenses, it covers pre and post hospitalisation expenses and ambulance charges to carry patient to and from hospital. Some illnesses do not require an overnight stay in hospital. 141 such treatments known as day care procedures also fall under its ambit. Other supplementary benefits such as health check-up, eye examination and daily cash allowance to meet incidental expenses in case of hospitalisation are also available for an additional premium. | | | | Pros | | There are no sub-limits under hospitalisation benefit.
It pays a no-claim bonus on an annual basis.
It offers a protection as high as Rs 10 lakh.
Policy premium qualifies for taxation benefit under section 80D of Income Tax Act. | | | | Cons | | In event of claim, cumulative bonus will be reduced by 10 per cent during subsequent year. | | | | Our View | | Being a basic health insurance policy, it only covers hospitalisation medical expenses. Look for another policy if you want cover for risks such as personal accident, critical illness, and other treatments such as domiciliary treatment.
A major drawback is that this policy can be renewed only up to 69 years of age. When policyholder outlives the maximum policy renewal term, he will have to purchase a new policy which could be a herculean task as no insurer wants to insure a high risk life. | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Maximum | | 55 | | | | | Maximum Policy Renewal Age (years) | | 69 | | | | | Coverage Type | | Individual/ Dependent parents upto 65 years of age | | | | | Policy Term (years) | | 1 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | 10 lakh | | | | | Minimum | | 50000 | | | | | No Claim Bonus | | 5% of Sum Insured for each claim free year upto maximum of 50% | | | | | Pre Policy Medical Check Up | | Not required upto 45 years of age | | | | | Policy Termination | | Insurer can terminate this policy after giving a 30 days notice. Proposer can also put off the policy by giving a 7 days notice period. If no claim has been made, insurer will return premium on a pro-rata basis | | | | | 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 | | | | | Cashless facility | | available at network hospital | | | | | Reimbursement facility | | available if treatment taken in an non-network hospital. Policyholder will have to bear 10% of the expenses in such a case | | | | | Pre and post hospitalisation | | covered from 60 days prior to hospitalisation and upto 90 days after discharge from hospital | | | | | Inpatient hospitalisation | | covered | | | | | Day Care Procedures | | 141 in number are covered | | | | | Emergency ambulance | | covered upto Rs 2000 per insured per policy year | | | | | Additional benefits (on payment of extra premiums) | | | | | General health check up | | covered as per policy conditions | | | | | Eye examination | | covered as per policy conditions | | | | | Hospital daily allowance | | covered ranging from Rs 75 to Rs 1000 depending on basic sum insured | | | |
| | | | Exclusions and Waiting Period | | | | | Pre-existing diseases | | not covered upto 48 months of continuous coverage from first policy year | | | | | No claim Period | | 30 days from commencement of the policy | | | | | Other exclusions | | treatment of cataract, hernia, sinusitis, hydrocele etc.dental treatment, HIV/aids and related conditionsNon-allopathic 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
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| Bajaj Allianz Health Ensure Plan Posted: 05 Nov 2013 09:00 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Bajaj Allianz Health Ensure | | | | Objective | | An online health insurance policy which is aimed at including low segment individuals under the umbrella of insurance. The objective of this policy is to indemnify against expenses during hospitalisation caused due to illness or an accident. | | | | | Suited for | | This is a low cost, low benefits policy suited for a low-income individual who wish to mitigate some part of, if not whole, medical expenses at a time of health urgency. | | | | | What does it do? | | This policy sticks to providing a very basic cover against inpatient hospitalisation. Like any traditional health policy it covers all general expenses incurred during admission to hospital. Emergency ambulance to transfer patient from home or accidental site to hospital and back from hospital to home is also provided. Apart from inpatient treatment, it covers specific 130 such procedures not requiring a 24-hour hospitalisation due to technological upgradation. A free health check up can be availed at the end of four continuous claim-free years. | | | | | Pros | | Family discount of 5 per cent is available.
Premium paid towards this policy is eligible for tax benefit under section 80D of Income Tax Act. | | | | | Cons | | The policy offers a maximum cover of Rs 1 lakh only.
All benefits have a ceiling limit which means any expense beyond that limit will be denied. | | | | | Our View | | This policy is specially meant for low income segment. It is low on premium and offers a stingy coverage. Though it may not be sufficient to cover all hospitalisation expenses, it can share a part of the losses.
In view of rising medical expenses now a days, everyone must have at least a basic health insurance policy plus a cover for chronic diseases. The cover can be stretched to include out patient treatments and other day to day expenses at time of hospitalisation. There are far more comprehensive policies available in the market which provide a broad and better immunity to medical costs. This policy is thus not recommended for those who can afford a better one as the cover may not suffice. Moreover, each expense is capped to sum insured which is another limitation. | | | |
| | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18; 3 Months for Children | | | | | Maximum | | 55 | | | | | Maximum Policy Renewal Age (years) | | 75 | | | | | Coverage Type | | Individual Cover | | | | | Policy Term (years) | | 1 | | | | | Sum Insured (Rs) | | | | | | | Maximum | | 1 lakh | | | | | Minimum | | 50000 | | | | | Tax Benefit | | Premium paid is eligible for tax benefit under section 80D of the Income Tax Act | | | | | Discount | | Family discount of 5% is applicable | | | | | Pre Policy Medical Check Up | | Not required upto 55 years | | | | | Policy Termination | | Policyholder is allowed to terminate the policy at anytime by giving a 15 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded | | | | | Customer Service | | | | | | | Address | | Bajaj Allianz General Insurance Company Limited. GE Plaza, Airport Road, Yerawad, Pune - 411006 | | | | | Mail to | | customercare@bajajallianz.co.in | | | | | Call to | | 1800 225858(BSNL/ MTNL); 1800 1025858 (Bharti users- mobile/ landline) or 020 30305858 | | | |
| | | | Scope Of Cover | | | | | Cashless facility | | Available at empanelled hospitals in India | | | | | Re-imbursement | | In case policyholder opts for non empaneled hosiptal , expenses are re-imbursed withing 14 working days from date of submission of all records. | | | | | Pre-post hospitalisation | | 2% of admissible hospitalization expenses | | | | | Hospitalisation Expenses (Inpatient treatment) | | Covered | | | | | Room, Board & Nursing Expenses | | upto 1% Of Sum Insured per day* | | | | | ICU Expense | | upto 2% Of Sum Insured per day* | | | | | *Room, board, nursing and ICU expenses can be taken upto maximum of 30% of Sum insured per illness/ injury | | | | | Surgeon, Anesthetist, Medical practitioner, Consultants, Specialist Fees | | upto 30% of Sum insured per illness/ injury | | | | | Emergency Ambulance charges up to Rs 1000/-, Anesthesia, Blood, Oxygen, operation Theatre Charges, Surgical Appliances, Medicines & Drugs, Diagnostic Materials and X-ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs and any medical expenses incurred which is integral part of the operation | | upto 40% of Sum Insured per illness/ injury | | | | | Day Care Procedures | | 130 day care procedures are covered | | | | | Emergency Ambulance | | Covered; subject to maximum limit of Rs 1,000 | | | | | Health Check Up | | Covered; at the end of 4 continuous claim free years | | | |
| | | | Exclusions & Waiting Period | | | | | Pre-existing disease | | 2 years waiting period applicable for Pre-existing diseases | | | | | No claim period | | Any disease contracted during the first 30 days of commencement of the policy | | | | | Waiting Period | | Certain diseases such as gastric / duodenal ulcers, Surgery of varicose veins/varicose ulcers etc shall be covered after a waiting period of 1 year and some diseases such as cataract, hernia etc. will be covered after a waiting period of 2 years.Certain diseases such as joint replacement surgery will have a waiting period of 4 years. | | | | | General exclusions | | Non allopathic treatmentAIDS and other related diseases.Cosmetic, beauty, weight reduction and other likely treatments.Use of alcohol or other addictive substances.War, participation in any criminal activity or any other related condition.Treatmenmt of any mental or related disease. | | | |
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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| Tata AIA Life Plus Plan Posted: 05 Nov 2013 07:30 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) Tata AIA Life Plus 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 is a return-of-premium policy that can pay the sum assured in case of untimely death of the insured, or refund premiums at maturity.
The policy offers surrender value at 30 per cent of basic premiums paid excluding first year premiums, provided the premiums were regularly paid for three consecutive years.
It also offers optional accidental death and dismemberment short scale rider for extra protection.
In case the policyholder is unable to pay premium within grace period, insurance company advances an automatic loan to policyholder to pay the due premiums. However, this facility is provided only if your policy has acquired a cash value which is more than the premiums due. | | | | | Pros | | A lapsed policy can be reinstated within 5 years.
Accidental death and dismemberment rider enhances insurance cover.
Premium due can be advanced as loan if policyholder is unable to make payment.
There is no limit on maximum sum assured.
Premiums paid toward the policy qualify for tax benefit under section 80C of Income Tax Act. | | | | | Cons | | There is only one policy term of 20 years, which may not suit everyone. | | | | | Suited for | | It is suitable for those who specifically require a policy for 20 years. | | | | | Our View | | You should be covered until you have to support a family or someone else replaces you as breadwinner. The 20-year policy tenure may not fulfil this criteria for everyone.
Being a refund-of-premium policy, the plan factors in the benefit cost and charges high premiums. We recommend a pure term plan for policy term till you have dependents. | | | | | Eligibility | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 60 | | | | | Maximum Maturity Age (years) | | 80 | | | | | Policy Term (years) | | | | | | | Minimum | | 20 | | | | | Maximum | | 20 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | 10000 and in multiples of Rs 1000 thereafter | | | | | Maximum | | No limit | | | | | Minimum Premium (Rs) | | ….. | | | | | Premium Payment Frequency | | Yearly, Half-yearly, Quarterly, Monthly | | | | | Premium Payment Term | | Limited (15 years) | | | | | Premium Factor (multiply with annual premium) | | Half Yearly: 0.51 times annual premium; Quarterly: 0.26 time annual premium; Monthly: 0.0883 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 31 days from the due date. If a due premium is not received within the grace period of 31 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 5 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. | | | | | Maturity Value | | It returns all basic premium paid on survival at maturity. | | | | | Surrender Value | | Allowed after first three years have been paid in full on time. Guaranteed Surrender Value= 30%* Basic Premiums paid(excluding rider premiums or extra premiums paid if any) - first year's premium | | | | | Customer Service | | | | | | | Address | | Tata AIG Life Insurance Company Limited Delphi-B Wing, 2nd Floor, Orchard Avenue, Hiranandani Business Park, Powai, Mumbai 400076 | | | | | Mail To | | ……. | | | | | Call On | | 1800119966; 24 hours | | | | | SMS | | SERVICE' to 58888 | | | | | Additions to the Plan | | | | | | | Available Rider(s) | | AIG Life Accidental Death and Dismemberment Short Scale Rider: covers Accidental death, dismemberment, loss of sight, speech and hearing resulting from accident | | | | | Rider Conditions | | | | | | | Entry Age (years) | | | | | | | Minimum | | 18 | | | | | Maximum | | 60 | | | | | Maximum Maturity Age (years) | | 80 | | | | | Sum Assured (Rs) | | | | | | | Minimum | | Minimum Sum Assured of Base policy | | | | | Maximum | | Maximum sum assured of base policy | | | | | Rider Premium (Rs) | | Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the AIG Life Accidental Death and Dismemberment Short Scale Rider for Rs 5 lakh, the annual premium works to Rs 800. | | | |
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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------------------ Best Performing Mutual Funds - Largecap Funds Invest Online
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 |
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