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| Posted: 18 Sep 2016 04:53 AM PDT Life insurance premium is paid annually. There is always a risk of the policy lapsing if the premium is not paid on or before the due date. Life insurance companies offer a number of premium payment options. One can choose the one most suited to one's working style. Online Log on to the insurance company's website and select online premium payment option. Policyholder will need to provide details such as PAN policy number. On submission, the premium due is displayed. Payment can be made through net banking or debitcredit card. Auto debit This is a hassle-free option wherein the policyholder places an auto debit instruction using one's credit card or registering an ECSNACH mandate with the insurance company. Insurers also have tieups to register auto debit instruction with the policyholder's bank or electronic bill processing entities. Once this instruction is registered, the premium will automatically get deducted on or before the due date.Depending upon the mode opted, relevant form needs to be filled with cancelled cheque and submitted to insurer. Branchdrop box Insurance companies tie up with banks to offer cheque drop facilities. Third party payment can be made from the bank branch by filling up the NEFT RTGS form. Alternatively, the premium cheque can be submitted at the insurance company branch or can be handed over to the insurance agent. By phone Premium payment can also be done using the Interactive Voice Response (IVR) system by calling a designated phone number of the insurance company. Credit card details are required to be submitted to effect payment through this mode.
While making payment of premium online, it is important to save the online premium paid receipt generated soon after the payment process is completed. Online payment can also be made from the policyholder's bank website by entering bank details of the insurance company. Insurance companies also have drop boxes at prominent places where premium cheques can be dropped. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ |
| Term plans with accidental disability rider Posted: 18 Sep 2016 02:58 AM PDT Buy Term plans Online
Permanent & Partial Disability riders are helpful as add-ons If you are buying a large term insurance cover, it is wise to split the cover between two different insurance companies to diversify risk. Permanent & Partial Disability riders are helpful in case you are disabled due to accident. In that case most of the policies pay for next 5-10 yrs a certain percentage of Sum Assured. This rider provides you with income in such cases. But do note that the rider is helpful only in case the disability happens due to accidents. Read the policy document of the company carefully to understand the exact wordings on these riders.
]You can try out the combination of a pure term life insurance cover plus a standalone permanent and temporary disability policy. Take a decision based on your personal requirement.
Term plans should be selected after taking into account the claim settlement record of the insurance company and comparing the premiums offered by the insurer against competitors. You need to bear in mind that the premium of LIC term plan tends to be expensive as compared to covers from other private insurers, even if you compare with companies who have had good claim settlement ratio in the past. Based on these factors, Aegon Religare iTerm Plan, Max Life Online Term Plan HDFC Life Click2Protect are recommended to you. All these plans can be bought online.
Find the premiums applicable to your age under all these policies and select the one that suits your budget. Disclose all the details while filling proposal form to avoid any inconvenience in future while making a claim. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ |
| Posted: 17 Sep 2016 10:09 PM PDT POMIS is a post office savings scheme and LIC Jeevan Akshaya Plan VI is an annuity scheme Post Office Monthly Income Scheme (POMIS) is a guaranteed return investment available at the post office. On the deposit that you make, you get an assured monthly income for five years. Currently, one earns 7.8 per cent interest per annum on the deposit, which is paid every month. The POMIS carries a maximum limit of Rs 4.5 Lakh for an individual and R9 Lakh for joint accounts. So if you invest Rs 4.5 lakh now, then you will get a monthly payout of Rs 2925 for the next 5 years and at the end of the term you will get back your capital. Once you make the deposit you get the interest payout each month from the date of making the investment, not from start of the month. There will be no difference based on age. Whether a person joins at age 45 or at age 60 the scheme is the same for both. LICs Jeevan Akshay VI Plan is an immediate annuity plan. Once you pay a one time premium, it will pay you a monthly or annual income at regular intervals as long as you live. The insurer also offers you an option of return of your premium at the end (which will fetch you lower monthly income). Unlike POMIS there is no upper limit on how much you can invest in this plan. You can choose to receive the payments monthly, quarterly, half yearly or yearly. While annuity guarantees you a fixed income as long as you live, the annuities are not inflation linked. The annuity rates differ according to the entry age of the person. For instance, if you start this plan at age 45 then for a R10 lakh premium you will get a monthly pension of approximately Rs 6500. On the other hand if you start at the age of 60 for the pension will be a little higher approximately at Rs 7700. Both the income from POMIS and LIC Jeevan Akshay are taxable in your hands. ------------------------------ Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 20161. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. Birla Sun Life Tax Plan Invest in Best Performing 2016 Tax Saver Mutual Funds Online For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call ------------------------------ Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ------------------------------ |
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