Prajna Capital

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• What Is an Endowment Insurance Policy?
• ICICI Prudential Mutual Fund Dividend Declaration
• Get more from your Health Insurance

What Is an Endowment Insurance Policy? Posted: 02 Mar 2014 05:42 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)     You must be knowing that one of the main reasons why people are not so keen on taking up a term insurance plan is the lack of a survival benefit in this plan. You survive a term plan you get nothing. This prompted the Insurance Companies to come up with a new kind of policy called the Endowment policy. This plan incorporates both a savings component and a protection element. In case of your unfortunate demise the sum assured as well as the accumulated bonus is paid to your nominee. In case you survive the tenure of the policy the sum assured as well as the accumulated bonus is paid to you .This kind of policy has a higher premium than the term insurance policy as there is a savings component .You must be knowing of a special plan called the Unit Endowment Plan. Here part of your premium paid is allocated towards the insurance component and the rest in invested in the units of the Unit Linked Endowment Policy depending upon the Net Asset Value of the policy. These units invest in money market instruments, Government Bonds and Equity Shares in the requisite percentages as specified by you and also taking note of the premium. The profit obtained due to appreciation of these units is used to pay your bonus. The age of entry in these kind of policies is around 7 years with the maximum permissible age allowed to enter this policy being 60 Years. These could be Single premium or Regular Premium based Endowment policies. The premiums range from INR 20000-100000 per annum for these policies depending on the age as well as Sum Assured of the policyholder. The maximum sum assured can be 25-30 times the annualised premium for age of entry up to 45 Years. These policies also incorporate a Critical Illness Rider where the policy pays out the sum assured as well as the bonus amounts when the policyholder suffers from a serious ailment. An extra premium might be charged for the Critical Illness Rider. 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

ICICI Prudential Mutual Fund Dividend Declaration Posted: 02 Mar 2014 04:14 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)  ICICI Prudential Mutual Fund Dividend Declaration ICICI Prudential Mutual Fund has announced dividend under the following schemes: The record date has been fixed as November 06, 2013. 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

Get more from your Health Insurance Posted: 01 Mar 2014 09:43 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)   Get more from your health insurance With the regulator changing the claims processing rules, policyholders can now settle their claims quicker and keep premium costs lower cover given by one insurer, he can approach the other insurer to claim the balance amount |This will reduce paperwork for insurers and policyholders also |This will be applicable to both individual and group covers provided by employer   If you have been running from pillar to post to make your health insurance claims, you must be heaving a sigh of relief. The new health insurance regulations, effective from October this year, have made it easier for policyholders to claim for expenses which arise from hospitalisation or treatment. To top it, insurance companies are going out of the way to make the claims process simple and easy for individuals with minimum documentation and a quicker turn- around time. Till now, individuals who held multiple health insurance policies had to make multiple claims with all the health insurance companies they had taken policies from. Here the claims process would take months as individuals were expected to file multiple claims from several insurers. Not any more. The new health insurance regulations, effective from this October, and the abolition of contribution clause that dealt with claims under multiple policies, have made life simpler for health insurance customers. Policyholders will benefit from fewer delays in claim settlement and less paperwork. Earlier, those with multiple policies were required to approach both ( or all) insurers and the insurance companies used to settle claim in the ratio of the sum assured from different health insurance companies. In other words, the amount spent on medical expenses had to be recovered from various insurance companies in proportion to the insurance covers taken. For instance, you have two policies from insurers A and B, with sums insured of ₹ 1 lakh each. Now, say you make a claim of ₹ 1 lakh, then in such a case both the insurers A and B will have to shell out ₹ 50,000 each. Insurers will have to shell out equal claims because the policyholder had the same amount of cover taken from both the insurers. However, here the policyholder had to go through the same paperwork twice, apart from going through the hassle of approaching multiple insurers. Now, with changed rules, an individual can just approach one insurer A, while the existing policy taken from insurer B will continue to remain in operation or active. In other words, a policy holders trackrecord of 'no- claims' from insurer B will continue as before. When an individual doesn't make any claims in a given year, he gets the status of no- claim bonus. As one retains the ' no- claim bonus' on apolicy that is not used, it enhances the health cover at no extra cost. That means insurers cannot insist that the claim burden be divided as long as the amount does not exceed the sum insured. If the claim amount is higher than the cover under one policy, then the policyholder has the right to exhaust the limit and make a claim for the balance from the other insurer. For instance, in the above case if the insurance amount is ₹ 1.50 lakh, then the policyholder has the option of approaching insurer A with a ₹ 1 lakh claim and insurer B with the remaining ₹ 50,000 claim. This will also help those who have an individual cover plus group cover from the employer. The process of claims would be similar as both the policies would be treated as independent policies irrespective of whether it is group or retail. The contribution clause will not be applicable if you have a regular health cover and a fixed benefit cover. Reason: The regular health covers promise to reimburse expenses incurred by you, while the fixed benefit covers that are usually sold by life insurers ma k i n g cl a i m s . For instance, utilising the health insurance policy that gives the maximum benefits when you make a claim, at the same time it will help keep your benefits in other plans intact. Some policies cover certain ailments better with higher benefits. A short self- note on the policies that can during certain situations go along way in maximising the benefits of all your health insurance policies. At the same time, it can also help reduce the premium cost of your health insurance. By not making multiple claims, individuals can keep some plans going for a longer time at cheaper premiums. 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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