Prajna Capital

---

• Aegon Religare Increasing Term Plan
• SBI Magnum Global Fund
• Apollo Munich Optima Senior Plan

Aegon Religare Increasing Term Plan Posted: 07 Nov 2013 03:23 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)       Objective This plan increases the insurance protection every year by 5 per cent, on renewal. What does it do? This policy allows for an automatic increase in the sum assured by 5 per cent on each annual renewal, till the amount payable is twice the basic sum assured. Pros One can take this policy till 75 years of age. This is an affordable policy with minimum annual premium being as low as Rs 2,000. There are two optional riders which can cover accident related risks and critical illness. Cons Critical illness rider is not available on single premium policies Suited for This plan can be taken by those who see bigger responsibilities at a later age. Also, one can take a increasing life cover to beat inflation. Our View The annual increase in sum assured increases life cover without increasing the premium. Eligibility Entry Age (years) Minimum 18 Maximum 55 Maximum Maturity Age (years) 75 Policy Term (years) Minimum 10 Maximum 30 Sum Assured (Rs) Minimum 500000 Maximum No limit Minimum Premium (Rs) Yearly 2000 Single 10000 Premium Payment Frequency Single, Yearly, Half-yearly, Quarterly, Monthly (via ECS only) Premium Payment Term Single or equal to policy tenure Premium Factor (multiply with annual premium) Half Yearly: 0.512 times annual premium; Quarterly: 0.259 time annual premium; Monthly (through ECS only): 0.087 time annual premium Policy Cover Increases at 5% every year 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. 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 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 AEGON Religare 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. Customer Service Address AEGON Religare Life Insurance Company Limited, Nomura B-wing, First Floor, Unit 102 Near D-mart, Hiranandani Business Park, Hiranandani Gardens, Powai, Mumbai 400 076 Mail To customer.care@aegonreligare.com Call On 1800 209 9090 between 8:30 am to 8:30 pm Additions to the Plan Available Rider(s) Aegon Religare ADDD Rider Death due to an accident Accidental dismemberment (loss of limbs and/or eye(s) Permanent total disability due to an accident Aegon Religare Critical illness Rider This rider covers 9 critical illnesses namely: Cancer (malignant) including Leukemia, Coronary Artery Bypass surgery, Heart Attack, kidney failure, stroke, major organ transplantation, paralysis, heart valve surgery, surgery for disease of the aorta. Rider Conditions Entry Age (years) Minimum 18 Maximum 55 Maximum Maturity Age (years) 65 Rider Term (years) Minimum 10 Maximum 30 Sum Assured (Rs) Maximum Lower of Base plan insurance or 25 lakh Rider Premium (Rs) Premium for ADDB Rider should be <=30% of base plan premium and <=100% of base plan premium available only with annual premium option under Critical Illness Rider. Rider premiums vary for each policyholder. For instance, if a 25-year old opts for the ADDD rider and critical illness rider for Rs 5 lakh sum assured over a 10 year tenure; the annual ADDB rider premium works to Rs 675 or Rs 4,460 in case of a single premium plan and the annual critical illness rider premium works to Rs 560. 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

SBI Magnum Global Fund Posted: 07 Nov 2013 12:57 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)   SBI Magnum Global SBI Magnum Global's timely foray into the consumption theme way back in 2009 has greatly helped the scheme in outperforming its peers and broader indices. The scheme returned 5% in the past one year, way ahead of its peers as the average gains by mid-cap schemes stood at –2.22% during the period. For the past three years too, Magnum Global gave healthy returns at 3.35% against –2.95% by the mid-cap schemes in the category. While continuing to be overweight on FMCG, the scheme is steadily but cautiously building up its stock of engineering scrips while being underweight on the financial sector. Some of its top-performing picks include Page Industries, Blue Dart Express and MRF among others. Investors have often turned to mid-cap diversified equity schemes to maximise gains despite higher risk. Mid-cap funds invest in companies some of who have a wobbly business model or are promoted by individuals with a dodgy track record. A genuine but unexpected downturn in business conditions affect them more than the large cap companies. Managing a mid and small cap scheme is no child's play as these are vulnerable to market volatility and demand far more attention and prudence 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 Optima Senior Plan Posted: 06 Nov 2013 09:59 PM 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 Optima Senior Objective This is a special health insurance policy designed to provide lifelong coverage to senior citizens.   Suited for Anyone who fulfills the eligibility criteria can buy this policy.   What does it do? Anyone proposing to buy this policy will be required to go through a medical check up. In certain cases mentioned, co-payment clause applies which means that total claim amount will be shared among policyholder and insurance company in a pre-specified ratio. Apart from hospitalization benefit, it also covers pre and post hospitalization expenses, domiciliary treatment, day care procedures, and hospitalization expenses of organ donor in case of transplant.   Pros It offers lifelong renewal. It offers a 5 per cent discount on premium on including spouse. It allows 7.5 per cent discount for opting a 2-year policy. The policy assures of no claim based premium loading. There are no sub-limits on inpatient hospitalisation cover. Premium paid under this policy enjoys a tax benefit under Section 80D.   Cons Co-payment in certain cases acts as a limitation.   Our View There is no escape from co-payment clause when looking a policy for a senior citizen. USP of the policy is that it assures of no claim based loading and it covers inpatient hospitalisation expenses without any sub-limits. This policy is a perfect balance between the benefits and cost. If you can afford the premiums, this is a recommended plan. But if you are looking for a cheaper policy, you would be required to compromise on the scope of cover as well.   Eligibility Maximum Policy Renewal Age (years) Lifelong renewal Coverage Type Individual Policy Term (years) 1/2 Sum Insured (Rs) Maximum 5 lakh Minimum 2 lakh Discount 5% on renewal for each claim free year. 5% if spouse also buys this policy. 7.5% on selecting a 2 year policy term Pre Policy Medical Check Up Required (insurer would reimburse 50% of cost on acceptance of insurance proposal) Grace Period for Policy Renewal 30 days Co Payment Clause 15% on accomodation in a twin sharin room or lower room type. 30% on accomodation in a single room or higher room type (15% in case of an emergency). 30% on specific illnesses such as cataract(each eye), hysterectomy, joint replacement etc. 15% to all day care procedures Policy Termination Policyholder is allowed to cancel the policy at anytime by providing a notice. Insurer may also terminate the policy by giving a 30 days notice 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 1800-103-0555 SMS HEALTH to 56767333 Network Hospitals Http://www.apollomunichinsurance.com/our-hospital-network.aspx   Scope of Cover Cashless facility available at network hospitals Reimbursement facility available if treatment taken in non-network hospitals Pre and post hospitalisation covered upto 30 days prior and 60 days post hospitalisation Inpatient treatment covered Day care procedures covers 140 listed day care treatment Domiciliary treatment covered only if treatment exceeds 3 days Organ donor covers medical treatment of organ donor Emergency ambulance pays upto Rs 2000 for each hospitalisation in case of an emergency Second Opinion allows to obtain an opinion from medical panel for listed critical illnesses once a policy year   Exclusions and Waiting period Pre-existing diseases covered after 3 years of continuous policy renewal No claim period 30 days from policy start date Waiting period 2 years for specified illnesses like hernia, sinusitis, cataract, joint knee replacement etc. Other exclusions Non allopathic treatmentsHIV/AIDS and 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

You are subscribed to email updates from Prajna Capital - An Investment Guide To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610