Prajna Capital

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• HDFC Term Assurance Plan
• Selecting a Financial Adviser
• Women specific health covers

HDFC Term Assurance Plan Posted: 10 Dec 2013 04:12 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)   HDFC Term Assurance Plan Objective This is an offline term plan that aims to protect family members of insured person in case of an unfortunate event. What does it do? This term plan pays sum assured to the nominee in case of unfortunate demise of the insured. The sum assured can also be claimed on diagnosis of critical illness, if one has taken the critical illness rider. The plan can be taken on single-life or joint-life basis. It offers three optional riders to widen the coverage under a single policy. Pros The plan allows a rebate on higher sum assured. It also offers riders for enhanced coverage. Cons One has to take a minimum sum assured of Rs 8 lakh. Anyone looking for lesser sum assured cannot buy this plan. Suited for A term insurance policy is must for everyone. Our View This is a good term policy for those willing to pay higher premium for agents' services. Riders can be attached for a wider cover.   Eligibility Entry Age (years) Minimum 18 Maximum 55 Maximum Maturity Age (years) 65 Policy Term (years) Minimum 10 Maximum 30 Sum Assured (Rs) Minimum 800000 Maximum No Limit Minimum Premium (Rs) 2000 Premium Payment Frequency Single and Yearly; Half-yearly and Quarterly through ECS only. Policy Cover Cover remains fixed for the tenure of the policy Other Features Grace Period You are allowed to pay premiums within 15 days from the due date. If a due premium is not received within the grace period of 15 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated. Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for Accelerated Sum Assured 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 HDFC Standard Life Insurance COmpany Limited, 13th Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi Road, Mahalaxmi, Mumbai - 400011 Mail To response@hdfcinsurance.com Call On 1800 227 227 SMS LIFE@5676727 Additions to the Plan Available Rider(s) Critical Illness Benefit: The rider sum assured is paid in case any of 6 critical illnesses--Cancer, Coronary Artery Bypass Graft surgery (CABGs), Heart Attack, Kidney Failure, Major Organ transplant, Stroke. Benefit is paid after 30 days of survival from date of claim of the life assured. Once the benefit is taken, the rider benefit terminates while base policy continues. Accidental Death Benefit: The rider sum benefit is paid in case of death due to accident. Accelerated Sum Assured: On diagnosis of any of the 6 critical illnesses; the rider sum assured is paid but the base policy terminates after settlement of this claim. The Accelerated Dealth Benefit and Critical Illness Benefit cannot be taken together. Rider Conditions Entry Age (years) Minimum 18 Maximum 55 Maximum Maturity Age (years) 65 Rider Term (years) Minimum 5 Maximum 30 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

Selecting a Financial Adviser Posted: 10 Dec 2013 03:59 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)   It is obvious that the investment adviser must come up to scratch. Investors would do well to thoroughly evaluate the adviser before signing up. Some seemingly elementary but important questions should be a part of the evaluation process. To begin with, investors would do well to seek clarity from the adviser on the terms of engagement: the services that the adviser will provide, number of portfolio reviews, and the time frame for which he will be engaged should be explicitly defined and agreed upon. Investors must quiz the adviser on the basis for mutual fund recommendations. If the adviser claims to conduct in-house research, he should be questioned about the process. If the adviser relies on external sources, then the latter's credibility should be verified. Figuring out how the adviser forms his recommendations will aid investors in evaluating the quality of service on offer. If the adviser makes use of model portfolios, he should be questioned on their construction, especially if the same entail multiple asset classes. Also, investors should ask the adviser to provide a track record of his recommendations over the years. This will help gauge his skill sets. Finally, it will help to ask for references of existing clients, so that the adviser's credentials can be independently verified. The investment adviser's role in helping investors achieve their investment objectives is undisputed. On their part, investors would do well to engage one after due care and consideration. 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

Women specific health covers Posted: 10 Dec 2013 02:56 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)     Health insurance penetration is just about three per cent in India. Of the total women workforce in the country, only 10 per cent have some kind of a health care insurance plan. On the back of low insurance penetration, insurers launch products catering to a specific segment in the society. For example, insurers market women-specific plans where the sum assured is payable for important life events like marriage, maternity, child's education and so on, in case you are diagnosed with a critical illness. However, experts say one shouldn't fall for such gimmicks and should compare them with those not gender-specific before buying a policy. Apart from health plans, life insurers also offer health-cum-investment-based covers, again women-specific. But the thumb rule is to keep insurance and investments separate. While it is necessary for women to get themselves adequately covered, it's equally important to see how wide is the plan's coverage. This is because women are prone to pregnancy-related and bone-related illnesses and breast/ovarian cancer at a younger age. Hence, while you should buy insurance at an early age, they need not be women-centric as long as they serve the purpose of insurance. Critical illness (CI) plans: There are 25 illnesses defined as CI by the insurance regulator. However, when an insurer sells a CI policy, the product may cover a maximum of eight to 10 of those CI and not all. Divya Gandhi, head, general insurance, and principal officer of Emkay Insurance Brokers, In the case of critical illness cover, it makes sense to buy women-centric plans because these will cover illnesses which women are likely to have. Usually, CI plans cover paralysis, cancer, stroke, coronary artery disease, multiple sclerosis, heart valve disease, renal failure and so on. Bajaj Allianz's CI plan covers breast/ovarian/vaginal cancer, burns and congenital diseases. For a Rs 10-lakh CI cover, Bajaj Allianz will charge a 30-year-old woman a premium of Rs 5,500. Since a health plan doesn't usually cover these ailments, it's best to have a CI policy. For CI covers, a medical test is not required until the age of 45 years. But after 45 years, it is mandatory. That is why it is better to take a CI cover early. Also, if you have a family history of the diseases covered by women-centric plans, be ready to pay a higher premium of 20-25 per cent and serve a longer waiting period. Health insurance: Experts say before you buy a CI plan, one needs to have a comprehensive health insurance plan in place, which will pay for hospitalisation and permanent disability due to accident. Some insurers make it comprehensive to an extent that even critical illness will also be covered under these policies. These policies would cost anywhere between Rs 3,000 and Rs 4,500 annually for a Rs 10-lakh cover. Bharti AXA and Tata AIG General Insurance offer health insurance plans which cover hospitalisation as well as critical illness. Whereas, stand-alone health policies will have a waiting period of at least two to four years, depending on the insurer. The premiums in group plans offered by banks are cheaper and can be individually negotiated with the bank for wider coverage. However, group policies can have problems of renewability and weak claim settlement ratios. Such policies don't offer cashless facility and come with sub-limits (on sum assured). Group policies: If you are looking for a cover against maternity complications, experts advise getting covered under group policies offered by banks or employers. Pre-existing diseases and maternity is covered from the day the policy is issued. Some individual polices offer in-built pregnancy-related covers, which you could consider. But you get limited cover. For instance, Max Bupa's Heartbeat Gold Policy provides a sum assured of Rs 10 lakh but the maternity cover is only Rs 50,000. The premium of the policy is Rs 19,042. Also, the waiting period to cover maternity is two years. Hence, opt for a group policy if the plan suits your needs. "Unemployed and unmarried women who are not covered under any group policy should opt for individual plans that can cater to their needs," adds Gandhi of Emkay. Insurers like HDFC Life and Aviva Life offer women-centric investment plans. These plans offered by private insurers are cheaper than the ones offered by LIC. For instance, HDFC Life's Smart Women Plan would charge Rs 1 lakh for a Rs 40-lakh cover, compared with LIC's Jeevan Bharti, which costs nearly Rs 2 lakh for a Rs 25 lakh cover. However, financial planners warn against buying such plans. Hence, opt for pure protection plans on the life side, with health and critical illness plans on the health side. 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

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